Financial Data and Key Metrics Changes - The third quarter operating results for Allegiance and CBTX showed strong year-to-date loan growth, which drove higher net interest margins and net interest income, contributing to a robust revenue profile [19][20] - Both companies recognized significant M&A expenses during the quarter, impacting the bottom line, but adjusted for these expenses, both entered the merger at record levels of bottom-line and pretax pre-provision earnings power [20][21] - The blended loan to deposit ratio was approximately 82% at the end of the third quarter, indicating a disciplined approach to deposit rates [22] Business Line Data and Key Metrics Changes - Both legacy banks maintained strong loan growth despite some outflows from more rate-sensitive deposit categories, with a notable increase in non-interest bearing deposits [23] - The merger has allowed for a more robust mortgage operation, leveraging the strengths of both banks [47] Market Data and Key Metrics Changes - The current operating environment is characterized by rising interest rates, which the Federal Reserve is using to curb inflation, creating a unique market backdrop [14] - The company is positioned in one of the best markets in the United States for business, which is expected to support long-term growth [15] Company Strategy and Development Direction - The company aims to successfully integrate the two franchises while focusing on maintaining capital and liquidity and staying disciplined on credit [15][30] - The strategic priority is to harness a strong core earnings profile while navigating the transition from pandemic-driven liquidity to a more normalized operating environment [33] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding growth in 2023, indicating that while robust growth was achieved in 2022, similar levels may not be sustainable [41] - The company remains optimistic about its long-term future, emphasizing the importance of quality in business composition and stakeholder satisfaction [34][32] Other Important Information - The merger was completed on October 1, 2022, and the company will continue to operate under the legacy brands until the core system integration is completed in early 2023 [9][10] - The company has been proactive in managing its liquidity profile post-merger, selling a significant portion of the legacy CBTX security portfolio to bolster liquidity [25] Q&A Session Summary Question: Growth Outlook - Management acknowledged a cautious approach to growth in 2023, indicating that while the market remains strong, growth levels may not match those of 2022 [41][42] Question: Integration and Synergies - The delay in closing the merger provided additional time for preparation, which has been beneficial for a smoother integration process [46] - Initial synergies have been identified, particularly in mortgage operations, which are expected to enhance revenue [47] Question: Capital Priorities - Both companies were active in share repurchase programs, repurchasing approximately $25 million in shares during the quarter [51] - Management indicated a wait-and-see approach regarding capital priorities due to anticipated impacts from purchase accounting adjustments [52] Question: Cost Savings Realization - Cost savings have been realized ahead of schedule due to the merger delay, with expectations for significant savings post-core conversion in 2023 [58][60] Question: Deposit Balances - Management noted pressures on deposit balances due to competitive interest rates but emphasized the strength of their relationship-driven deposit base [66] Question: Accretion and Tangible Book Value - The company discussed the impact of purchase accounting on tangible book value and the timing of accretion from interest rate marks [93][100]

Third Quarter 2022 Earnings Presentation Forward-Looking Statements and Non-GAAP Financial Measures Certain statements in this press release which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements about the benefits of the mer ...

cshares, Inc. Fixed Income Investor Presentation Fixed Income Investor Presentation [Month] [Day], 2019 Second Quarter 2022 Earnings Presentation September 2019 Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements Certain statements in this press release which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, and Section ...

Allegiance Bancshares, Inc. (ABTX) Q2 2022 Earnings Conference Call July 29, 2022 10:00 AM ET Company Participants Courtney Theriot - Chief Accounting Officer Steve Retzloff - Chief Executive Officer Ray Vitulli - President and Chief Executive Officer, Allegiance Bank Paul Egge - Executive Vice President and Chief Financial Officer, Allegiance Bank Shanna Kuzdzal - Executive Vice President and General Counsel Conference Call Participants David Feaster - Raymond James Brad Milsaps - Piper Sandler Brady Gaile ...

[PART I — FINANCIAL INFORMATION](index=2&type=section&id=PART%20I%20%E2%80%94%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements – (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20%E2%80%93%20(Unaudited)) Unaudited condensed consolidated financial statements are presented, detailing balance sheets, income, comprehensive income, equity, cash flows, and notes [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets%20as%20of%20June%2030%2C%202022%20and%20December%2031%2C%202021) Total assets decreased by **$163.7 million (3.6%)** due to lower cash, offset by higher securities and loans; liabilities also decreased by **$128.3 million (3.3%)** | Metric | June 30, 2022 (in thousands) | December 31, 2021 (in thousands) | Change (in thousands) | % Change | | :-------------------------------- | :----------------------------- | :------------------------------- | :-------------------- | :------- | | Total Assets | $4,322,303 | $4,486,001 | $(163,698) | (3.6%) | | Total Liabilities | $3,795,624 | $3,923,876 | $(128,252) | (3.3%) | | Total Shareholders' Equity | $526,679 | $562,125 | $(35,446) | (6.3%) | | Cash and cash equivalents | $483,966 | $950,146 | $(466,180) | (49.1%) | | Loans, net | $3,000,827 | $2,836,179 | $164,648 | 5.8% | | Securities | $550,083 | $425,046 | $125,037 | 29.4% | [Condensed Consolidated Statements of Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income%20for%20the%20Three%20Months%20Ended%20June%2030%2C%202022%20and%202021) Net income remained stable at **$11.7 million** for the three months ended June 30, 2022, and increased by **$0.58 million (2.7%)** for the six months | Metric | 3 Months Ended June 30, 2022 (in thousands) | 3 Months Ended June 30, 2021 (in thousands) | 6 Months Ended June 30, 2022 (in thousands) | 6 Months Ended June 30, 2021 (in thousands) | | :------------------------------------ | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | | Total interest income | $36,101 | $32,506 | $70,116 | $67,167 | | Total interest expense | $1,229 | $1,488 | $2,614 | $3,059 | | Net interest income | $34,872 | $31,018 | $67,502 | $64,108 | | Provision (recapture) for credit losses | $126 | $(5,083) | $561 | $(4,671) | | Total noninterest income | $3,546 | $3,491 | $8,875 | $6,602 | | Total noninterest expense | $23,758 | $25,197 | $48,410 | $48,482 | | Net income | $11,707 | $11,703 | $22,302 | $21,722 | | Basic EPS | $0.48 | $0.48 | $0.91 | $0.89 | | Diluted EPS | $0.48 | $0.48 | $0.91 | $0.88 | [Condensed Consolidated Statements of Comprehensive Income](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20for%20the%20Three%20and%20Six%20Months%20Ended%20June%2030%2C%202022%20and%202021) Total comprehensive income shifted from positive to negative, primarily due to substantial **unrealized losses on securities** in 2022 | Metric | 3 Months Ended June 30, 2022 (in thousands) | 3 Months Ended June 30, 2021 (in thousands) | 6 Months Ended June 30, 2022 (in thousands) | 6 Months Ended June 30, 2021 (in thousands) | | :---------------------------------------------------------------- | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | | Net income | $11,707 | $11,703 | $22,302 | $21,722 | | Change in unrealized gains (losses) on securities available for sale | $(24,800) | $2,292 | $(63,125) | $(2,047) | | Other comprehensive income (loss), net of tax | $(19,592) | $1,812 | $(49,869) | $(1,616) | | Total comprehensive income (loss) | $(7,885) | $13,515 | $(27,567) | $20,106 | [Condensed Consolidated Statements of Changes in Shareholders' Equity](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Shareholders'%20Equity%20for%20the%20Three%20and%20Six%20Months%20Ended%20June%2030%2C%202022%20and%202021) Shareholders' equity decreased by **$35.4 million** to **$526.7 million** at June 30, 2022, mainly due to a **$49.9 million other comprehensive loss** | Metric | December 31, 2021 (in thousands) | June 30, 2022 (in thousands) | Change (in thousands) | | :------------------------------------ | :------------------------------- | :----------------------------- | :-------------------- | | Total Shareholders' Equity | $562,125 | $526,679 | $(35,446) | | Net income (6 months) | N/A | $22,302 | N/A | | Dividends on common stock (6 months) | N/A | $(6,287) | N/A | | Stock-based compensation expense (6 months) | N/A | $1,022 | N/A | | Other comprehensive loss, net of tax (6 months) | N/A | $(49,869) | N/A | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows%20for%20the%20Six%20Months%20Ended%20June%2030%2C%202022%20and%202021) Operating cash flow decreased, while investing and financing activities shifted to significant cash usage, primarily due to increased security purchases, loan growth, and deposit outflows | Cash Flow Activity (Six Months Ended June 30) | 2022 (in thousands) | 2021 (in thousands) | Change (in thousands) | | :-------------------------------------------- | :------------------ | :------------------ | :-------------------- | | Net cash provided by operating activities | $20,851 | $24,478 | $(3,627) | | Net cash (used in) provided by investing activities | $(353,367) | $121,638 | $(475,005) | | Net cash (used in) provided by financing activities | $(133,664) | $104,286 | $(237,950) | | Net increase (decrease) in cash, cash equivalents and restricted cash | $(466,180) | $250,402 | $(716,582) | | Cash, cash equivalents and restricted cash, ending | $483,966 | $788,409 | $(304,443) | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Detailed disclosures cover accounting policies, asset/liability categories, fair value, derivatives, and regulatory matters, noting increased **unrealized losses on securities** and **loan portfolio growth** - The Company operates **34 branches** in Texas (Houston, Beaumont/East Texas, Dallas) through its subsidiary, CommunityBank of Texas, N.A., focusing on commercial banking for small and medium-sized businesses[22](index=22&type=chunk) - The Company repurchased **93,415 shares** at an average price of **$27.66** during the six months ended June 30, 2022, compared to **181,089 shares** at **$27.44** in the prior year period[26](index=26&type=chunk) - **ASU 2022-02**, effective after December 31, 2022, eliminates accounting guidance for troubled debt restructurings (TDRs) and enhances disclosure requirements for loan refinancing/restructurings when borrowers face financial difficulty; the Company is evaluating its impact[27](index=27&type=chunk) [NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING

Allegiance Bancshares, Inc. (ABTX) Q1 2022 Results Conference Call April 29, 2022 10:00 AM ET Company Participants Courtney Theriot - Chief Accounting Officer Steven Retzloff - Chief Executive Officer Ramon Vitulli - President and CEO of Allegiance Bank Paul Egge - EVP and Chief Financial Officer Conference Call Participants Brad Milsaps - Piper Sandler Matt Olney - Stephens Operator Good day, and thank you for standing by. Welcome to the Q1 2022 Allegiance Bancshares, Inc. Earnings Conference Call. [Operat ...

Financial Performance - Assets reached $715 billion, loans amounted to $428 billion, deposits totaled $616 billion, and shareholder equity stood at $7519 million as of March 31, 2022[6] - Core loan growth was $2741 million, a 70% increase from the first quarter of 2021, excluding Paycheck Protection Program (PPP) loans[6] - Deposits grew by $7881 million, or 147%, from the first quarter of 2021[6] - Net income for the first quarter of 2022 was $187 million, compared to $180 million for the first quarter of 2021[7] - Diluted EPS of $091 translated into an annualized return on average assets of 104% and an annualized return on average tangible equity of 1335%[7] - Net interest income decreased to $552 million for the first quarter of 2022, compared to $557 million for the first quarter of 2021[8] Strategic Initiatives - Allegiance Bancshares, Inc and CBTX, Inc announced a merger of equals to create a premier Texas financial institution[10] - The merger aims to generate significant shareholder value through enhanced metrics and cost savings[10] - The combined company is expected to have a complementary branch network with meaningful overlap in the Houston region[10] Market Position - The pro forma company is ranked 6 in the Houston region with $87 billion in deposits[11] - Allegiance Bancshares Inc had $5215366 million in total deposits in the Houston-The Woodlands-Sugar Land MSA in 2021, representing a 158% market share[13] Asset Quality - As of Q1 2022, the tangible equity to tangible assets ratio was 744%[4,22]

[PART I — FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20%E2%80%94%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) CBTX, Inc. reported **$4.45 billion** in total assets and **$10.6 million** net income for Q1 2022, with noninterest income driving growth Condensed Consolidated Balance Sheet Summary (in thousands) | Account | March 31, 2022 | December 31, 2021 | | :--- | :--- | :--- | | Total cash and cash equivalents | $770,991 | $950,146 | | Loans, net | $2,848,438 | $2,836,179 | | Securities | $547,979 | $425,046 | | **Total assets** | **$4,445,977** | **$4,486,001** | | Total deposits | $3,821,225 | $3,831,284 | | **Total liabilities** | **$3,906,254** | **$3,923,876** | | **Total shareholders' equity** | **$539,723** | **$562,125** | Condensed Consolidated Statement of Income Summary (in thousands) | Account | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | Net interest income | $32,630 | $33,090 | | Provision for credit losses | $435 | $412 | | Noninterest income | $5,329 | $3,111 | | Noninterest expense | $24,652 | $23,285 | | **Net income** | **$10,595** | **$10,019** | | **Diluted EPS** | **$0.43** | **$0.41** | Condensed Consolidated Statement of Cash Flows Summary (in thousands) | Activity | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $6,504 | $15,900 | | Net cash used in investing activities | ($172,282) | ($24,682) | | Net cash (used) provided by financing activities | ($13,377) | $75,446 | | **Net (decrease) increase in cash** | **($179,155)** | **$66,664** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=55&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the pending merger, economic uncertainties, and Q1 2022 net income growth driven by noninterest income - CBTX entered into a definitive merger agreement with Allegiance Bancshares, Inc. for an all-stock merger of equals, with the transaction expected to close in the **second quarter of 2022**, pending shareholder and regulatory approvals[165](index=165&type=chunk) - The economic outlook is **uncertain** due to the ongoing impacts of the COVID-19 pandemic, instability in the oil and gas industry, the conflict in Ukraine, and rising inflation, which could materially affect future financial results[182](index=182&type=chunk) Results of Operations Summary (in thousands) | Metric | Q1 2022 | Q1 2021 | Change (%) | | :--- | :--- | :--- | :--- | | Net Interest Income | $32,630 | $33,090 | (1.4%) | | Noninterest Income | $5,329 | $3,111 | 71.3% | | Noninterest Expense | $24,652 | $23,285 | 5.9% | | **Net Income** | **$10,595** | **$10,019** | **5.7%** | Financial Condition Summary (in thousands) | Metric | March 31, 2022 | Dec 31, 2021 | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | $4,445,977 | $4,486,001 | (0.9%) | | Loans, net | $2,848,438 | $2,836,179 | 0.4% | | Total Deposits | $3,821,225 | $3,831,284 | (0.3%) | | Shareholders' Equity | $539,723 | $562,125 | (4.0%) | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=91&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk, interest rate risk, is detailed in the MD&A section of the report - The company's primary market risk is **interest rate risk**; disclosures and management strategies regarding this risk are detailed in the MD&A section of the report[259](index=259&type=chunk) [Item 4. Controls and Procedures](index=93&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls were effective as of March 31, 2022, with no material changes to internal controls during Q1 - The CEO and CFO concluded that the company's disclosure controls and procedures were **effective** as of the end of the period covered by the report[260](index=260&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended March 31, 2022, that have materially affected, or are reasonably likely to materially affect, the company's internal controls[261](index=261&type=chunk) [PART II — OTHER INFORMATION](index=93&type=section&id=PART%20II%20%E2%80%94%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=93&type=section&id=Item%201.%20Legal%20Proceedings) No material legal proceedings are ongoing, with ordinary course litigation not expected to materially affect financials - The company is not currently involved in any **material legal proceedings**; any ongoing litigation is considered part of the ordinary course of business and is not expected to have a material adverse effect[262](index=262&type=chunk)[263](index=263&type=chunk) [Item 1A. Risk Factors](index=93&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors were reported compared to the Annual Report on Form 10-K for fiscal year 2021 - No material changes in risk factors were reported compared to those disclosed in the Annual Report on Form 10-K for the year ended December 31, 2021[264](index=264&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=93&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered equity sales or program repurchases occurred in Q1 2022, aside from tax-related employee share repurchases - The company has a share repurchase program authorizing up to **$40.0 million** in repurchases, valid through September 30, 2022[266](index=266&type=chunk) - No shares were purchased under the publicly announced 2021 Repurchase Program during the first quarter of 2022[271](index=271&type=chunk) [Item 3. Defaults Upon Senior Securities](index=95&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities during the period - None[272](index=272&type=chunk) [Item 4. Mine Safety Disclosures](index=95&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not Applicable[273](index=273&type=chunk) [Item 5. Other Information](index=95&type=section&id=Item%205.%20Other%20Information) The company reported no other information for this item - None[274](index=274&type=chunk) [Item 6. Exhibits](index=96&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed, including executive agreements, loan amendments, and officer certifications - The report includes certifications from the Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-14(a) and 18 U.S.C. Section 1350[277](index=277&type=chunk) - Exhibits filed include various agreements, such as an Executive Employment Agreement, a Change in Control Severance Agreement, and amendments to a loan agreement[276](index=276&type=chunk)

Table UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ 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: 001-38280 CBTX, Inc. (Exact name of registrant as specified in its charter) Texas 20-8339782 (State or other jurisdiction of (I.R. ...

NASDAQ: CBTX CBTX, Inc. Fourth Quarter 2021 \ Investor Presentation SAFE HARBOR STATEMENT AND NON-GAAP FINANCIAL MEASURES NON-GAAP FINANCIAL MEASURES This presentation contains certain non-GAAP (generally accepted accounting principles) financial measures, including tangible equity, tangible assets, tangible book value per share, tangible equity to tangible assets, return on average tangible equity, and pre-provision net revenue. The non-GAAP financial measures that CBTX, Inc. (the "Company") discusses in t ...