Commercial Bancgroup Sets IPO Price at $24.00 for 7.1 Million Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 02 2025
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Increased Deal Size: The deal size was raised to 7.2 million shares of common stock from the previous 3.7 million shares.
Pricing Details: The shares were priced below the anticipated range of $25.75 to $27.75 million.
Management Role: Hovde Group served as the sole book running manager for this offering.
Market Impact: The adjustments in deal size and pricing may influence investor interest and market dynamics.
Analyst Views on CBK
About CBK
Commercial Bancgroup, Inc. is a bank holding company that operates primarily through its wholly owned subsidiary, Commercial Bank. The Bank is a full-service community banking institution that offers traditional consumer and commercial products and services to serve businesses and individuals in select markets in Kentucky, North Carolina, and Tennessee. It has four loan portfolio segments: real estate (which is divided into four classes), commercial, consumer, and other. Classes within the real estate portfolio segment include commercial real estate (CRE), construction and land development (C&D), residential, and others. Its loan clients primarily consist of small to medium-sized businesses, the owners and operators of these businesses, as well as other professionals, entrepreneurs and high net worth individuals. Its primary service areas in Tennessee are the Nashville MSA; the Knoxville MSA; the Tri-Cities MSA, and Claiborne County, Cocke County, Union County, and Hamblen County.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
