UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-K ___________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-42965 __________________________________________ ...

Core Insights - Central Bancompany's President and CEO, John Ross, purchased 40,000 shares valued at approximately $980,000, indicating confidence in the company's future performance [1][2]. Transaction Summary - The transaction involved 40,000 shares traded at a weighted average purchase price of $24.50, resulting in a total transaction value of around $980,000 [2]. - Post-transaction, John Ross's direct ownership increased to 82,000 shares, while indirect holdings remained at 401,450 shares, leading to a total direct ownership value of approximately $2 million [2]. Company Overview - Central Bancompany operates as a multi-bank holding company across several states, providing a range of banking products and services [5]. - The company's market capitalization stands at $5.80 billion, with a stock price of $24.50 and a one-year return of 75.55% as of February 28, 2026 [4]. Financial Performance - Central Bancompany has shown consistent growth in interest income, non-interest income, overall revenue, and net income, which supports its decision to go public in November 2025 [6]. - The company plans to expand its operations with future locations in St. Louis and Denver [6]. Market Characteristics - Central Bancompany has a negative beta, suggesting that its stock may move inversely to the S&P 500, which is uncommon for banks [7][8]. - This negative beta could position Central Bancompany as a potential hedge against market fluctuations, although further observation is needed to confirm this trend [9].

Core Insights - Mendon Capital Advisors Corp has initiated a new stake in Central Bancompany by purchasing 200,601 shares valued at approximately $4.73 million as per the SEC filing dated February 18, 2026 [1][2] Company Overview - Central Bancompany is a prominent regional financial institution with a diversified portfolio, providing banking, lending, and wealth management services across nine states [6] - The company operates as a multi-bank holding company, offering a comprehensive suite of community banking products and services, including checking and savings accounts, consumer and commercial loans, mortgage lending, investment advisory, insurance, and wealth management solutions [10] Financial Performance - Central Bancompany reported a net income of $390.9 million for the full year 2025, reflecting a nearly 30% increase from $305.8 million in 2024 [8] - As of February 18, 2026, the market capitalization of Central Bancompany is $6.07 billion, with shares priced at $25.17, which is approximately 20% above the $21 IPO price [4][9] Investment Implications - The influx of fresh capital into Central Bancompany suggests investor confidence in the stability and performance of the bank, rather than speculative momentum [7] - Long-term investors are encouraged to focus on credit quality, net interest margin trends, and capital ratios, as these factors will be crucial for sustained performance in a competitive banking landscape [12]

Core Viewpoint - Central Bancompany, Inc. has established a new position with significant investment from Central Trust Co, indicating confidence in the company's long-term growth and stability in the regional banking sector [2][10]. Company Overview - Central Bancompany operates as a leading regional financial institution, providing a diversified portfolio of banking and financial services across nine states [6][8]. - The company reported a revenue of $897.71 million and a market capitalization of $5.50 billion as of February 3 [4]. Recent Developments - Central Trust Co acquired 7,338,237 shares of Central Bancompany during the fourth quarter, valued at approximately $177.00 million, which represents 3.47% of Central Trust Co's reportable U.S. equity assets under management as of December 31 [2][3]. - The stock price of Central Bancompany was $24.90 as of February 3, having started trading at $21 per share in November [3][4]. Financial Performance - In its latest quarterly release, Central Bancompany reported a net income of $107.6 million, leading to full-year earnings of $390.9 million, with a return on assets of 2.17%, an increase from 2.02% in the previous quarter [9]. Strategic Focus - The CEO emphasized record profitability and a strategy focused on prudent business growth, technology enhancement, and thoughtful capital deployment, indicating a long-term vision for stability and growth [11].

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Financial Data and Key Metrics Changes - Central Bancompany reported a net income of $107.6 million, or $0.47 per fully diluted share, with a return on average assets of 2.17% [3] - The net interest margin on an FTE basis was 4.41%, and the efficiency ratio on an FTE basis was 47% [3] - Asset quality remained stable with net charge-offs at 10 basis points and an allowance covering 131 basis points of total loans [3] - Capital levels at the holding company were well above target, with approximately $1.8 billion of excess capital, equating to $7.50 per share [4] Business Line Data and Key Metrics Changes - The company experienced a 1% quarter-over-quarter increase in ending loans and a 1.7% increase in non-public deposits [4] - The wealth management segment saw assets under advice grow to $16 billion, driven by strong investment performance and net new money [36] - Treasury management initiatives showed some seasonality, with a noted falloff in payments volume in the fourth quarter [37] Market Data and Key Metrics Changes - The company noted a robust origination volume year-to-date in 2025, which was previously muted by higher levels of payoffs [16] - Non-public deposits grew by 1.7% in the quarter, with a year-over-year growth of approximately 6% [25] Company Strategy and Development Direction - M&A remains a core part of the company's strategy, with a focus on acquiring high-quality targets with approximately $2 billion in assets [9] - The company is looking to expand into Texas while continuing to grow in existing markets [9] - The management emphasized a disciplined approach to deploying excess capital, prioritizing M&A opportunities [27] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the resumption of balance sheet growth and the potential for continued loan growth, although they refrained from providing specific guidance [13] - The company is focused on maintaining consistent credit underwriting standards, regardless of market conditions [15] - Management indicated that they do not foresee significant changes in spreads for new loan production, maintaining around 300 basis points over comparable Treasuries [22] Other Important Information - The company achieved a Net Promoter Score improvement of 2 points to 73 across its business lines [3] - The management team highlighted the importance of community service, with over 28,000 hours contributed in 2025 [2] Q&A Session Summary Question: Update on M&A opportunities - Management confirmed that M&A is a core strategy, with ongoing discussions with potential targets and a focus on high-quality acquisitions [9][10] Question: Balance sheet growth pace - Management noted that loan growth was broad-based and indicated that customer demand will dictate future growth [13][15] Question: Spreads on new loan production - Management reported no spread compression and maintained spreads around 300 basis points over Treasuries [22] Question: Seasonal impact on deposit growth - Management acknowledged that a portion of deposit growth was seasonal due to property tax collections but emphasized overall strong growth [25] Question: Capital deployment post-IPO - Management reiterated that M&A opportunities are the primary focus for deploying excess capital raised during the IPO [27] Question: Wealth and treasury management growth - Management reported growth in assets under advice and ongoing investments in treasury management to sustain historical growth rates [36][37] Question: Credit portfolio health - Management indicated that there are no significant weaknesses in the credit portfolio, with a stable net charge-off rate [52][53]

Financial Data and Key Metrics Changes - Central Bancompany reported a net income of $107.6 million for the fourth quarter, translating to $0.47 per fully diluted share, with a return on average assets of 2.17% [3] - The net interest margin on a fully taxable equivalent (FTE) basis was 4.41%, and the efficiency ratio was 47% [3] - The company experienced a 1% quarter-over-quarter increase in ending loans and a 1.7% increase in non-public deposits [4] Business Line Data and Key Metrics Changes - The wealth management segment saw assets under advice grow to $16 billion, driven by strong investment performance and net new money inflows [36] - Treasury management initiatives experienced some seasonality, with a noted falloff in payments volume in the fourth quarter, but the company continues to invest in this area for future growth [37] Market Data and Key Metrics Changes - The company noted that its deposit growth was partly seasonal, with a 1.7% increase in non-public deposits for the quarter and a 6% year-over-year growth [24][25] - The commercial loan growth was broad-based, although the installment loan portfolio did not contribute to growth [12][14] Company Strategy and Development Direction - M&A remains a core part of the company's strategy, with a focus on acquiring high-quality targets with approximately $2 billion in assets [8][9] - The company is looking to expand into Texas while continuing to grow in existing markets, with a list of about 30 potential acquisition targets [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the resumption of balance sheet growth and the potential for continued loan growth, although they refrained from providing specific forward guidance [12][14] - The company is focused on deploying excess capital prudently, with approximately $1.8 billion in excess capital available [4][26] Other Important Information - The company achieved a net promoter score improvement of 2 points to 73 across its business lines, reflecting enhanced customer satisfaction [2] - The effective tax rate for the quarter included unusual items, with a portion expected to be out of period [56] Q&A Session Summary Question: Update on M&A opportunities - Management confirmed that M&A is a core competency, with ongoing discussions with potential targets and a focus on high-quality acquisitions [8][9] Question: Balance sheet growth expectations - Management indicated that loan growth was broad-based and that they would not provide forward-looking guidance but noted a positive trend in the fourth quarter [12][14] Question: Spreads on new loan production - Management reported no spread compression and indicated that spreads on new loans remain around 300 basis points over comparable treasuries [21][22] Question: Wealth and treasury management initiatives - The wealth management segment is performing well, while treasury management is experiencing seasonal fluctuations but remains a focus for growth [36][37] Question: Branch expansion plans - The company plans to open new branches in St. Louis and Denver, with specific timelines for openings in 2026 [40][41]

Financial Data and Key Metrics Changes - Central Bancompany reported a net income of $107.6 million for Q4 2025, translating to $0.47 per fully diluted share, with a return on average assets of 2.17% [3] - The net interest margin on a fully taxable equivalent (FTE) basis was 4.41%, and the efficiency ratio on an FTE basis was 47% [3] - The company experienced net charge-offs of 10 basis points, with an allowance covering 131 basis points of total loans [3] - Capital levels at the holding company were reported at approximately $1.8 billion in excess capital, equating to $7.50 per share [4] Business Line Data and Key Metrics Changes - The company noted a 1% quarter-over-quarter increase in ending loans and a 1.7% increase in non-public deposits [4] - The wealth management segment saw assets under advice grow to $16 billion, driven by strong investment performance and net new money inflows [37] Market Data and Key Metrics Changes - The company indicated that the deposit growth was partly seasonal, with a significant portion of deposits related to public funds, which typically see increases at year-end due to property tax collections [24] - Year-over-year, non-public deposits grew by approximately 6% [25] Company Strategy and Development Direction - M&A remains a core part of the company's strategy, with a focus on acquiring high-quality targets with compatible cultures, particularly in existing markets and potential expansion into Texas [9][10] - The company is looking to deploy its excess capital prudently, with M&A opportunities being a primary focus [27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the resumption of balance sheet growth and indicated that loan growth was broad-based, although they refrained from providing specific forward-looking guidance [13][14] - The operating environment in Q4 was characterized by a reduction in refinancing activity, which contributed to improved loan growth [15] Other Important Information - The company is planning branch expansions in St. Louis and Denver, with new branches expected to come online in 2026 [40] - Management emphasized the importance of maintaining consistent credit underwriting standards throughout economic cycles [14] Q&A Session Summary Question: Update on M&A opportunities - Management confirmed that M&A is a core competency and they are actively pursuing opportunities, with a focus on high-quality targets [8][9] Question: Loan production spreads and rates - Management indicated that they are not seeing spread compression and that loan spreads remain around 300 basis points over comparable treasuries [21][22] Question: Wealth and treasury management initiatives - Management reported growth in assets under advice and emphasized the competitive position of their wealth management business [37] Question: Capital deployment post-IPO - Management reiterated that M&A opportunities are the primary focus for deploying excess capital raised during the IPO [27][28] Question: Credit portfolio health - Management noted that there are no significant weaknesses in the credit portfolio, with net charge-off rates remaining low [51][52]

Exhibit 99.2 4th Quarter 2025 Financial Review CENTRAL BANCOMPANY January | 2026 Legal Disclaimer This presentation may contain forward-looking statements within the meaning of, and intended to be covered by, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on forward-looking statements because they are subject to numerous uncertainties and factors relating to our operations and business, all of which are difficult to predict and many of ...

Core Insights - Central Bancompany, Inc. reported record profitability for the year 2025, with a focus on customer service and community engagement [4] - The company aims to prudently grow its business and enhance technology in 2026 following a successful 2025 [4] Financial Highlights for Q4 2025 - Net interest income reached $206.5 million, with a GAAP net interest margin of 4.38% [5][8] - Average earning assets increased to $18.7 billion, up 3.4% from the previous quarter [6] - GAAP net income was $107.6 million, or $0.47 per diluted share, compared to $97.1 million and $0.44 in the prior quarter [8] - Total loans held for investment were $11.4 billion, reflecting a 1.0% increase from the previous quarter [10] - Total deposits rose to $15.9 billion, a 5.9% increase year-over-year [11] Financial Highlights for Full Year 2025 - Net interest income for the year was $789.7 million, an increase of $102.3 million from the prior year [9] - Full-year net interest margin improved to 4.30%, up 46 basis points from 2024 [9] - Noninterest income totaled $231.7 million, up $21.3 million from the previous year [16] - Total deposits increased by approximately $0.9 billion, or 5.9%, year-over-year [11] Asset Quality - Nonperforming loans were $46.0 million, representing 40 basis points of loans held for investment, down from 45 basis points in the prior quarter [21] - The allowance for credit losses was $149.7 million, or 1.31% of loans held for investment [13] Capital Position - The CET1 ratio was 28.1%, indicating strong capital levels with $1.8 billion of excess capital compared to the long-term target of 13.5% [24][25] - Book value per share was $15.69, while tangible book value was $14.24 [25]