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October 2025 THIRD QUARTER 2025 Nasdaq: LNKBir.linkbancorp.com
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IMPORTANT INFORMATION / DISCLAIMERSLINKBANCORP, Inc. (Nasdaq: LNKB) (“LINKBANCORP” or the “Company”) is the parent company of LINKBANK (the “Bank”).On March 31, 2025, the Bank successfully completed the sale of its banking operations and branches in New Jersey, including related loans and deposits (the "Branch Sale"). The transaction involved the transfer of three branch locations, $87 million of deposits, and $105 million in loans. Under the terms of the purchase and assumption agreement, deposits were sold at a 7% premium and loans were sold at par, resulting in an after-tax gain, net of transaction costs, of $8.7 million.Financial data for the most recent quarter (“MRQ”) and last twelve months (“LTM”) is for periods ended September 30, 2025.Market-pricing data is as of October 24, 2025 (Source: S&P Capital IQ Pro).Forward looking statements:This presentation may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of current or historical fact and involve substantial risks and uncertainties. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” and other similar expressions can be used to identify forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements include, but are not limited to the following: costs or difficulties associated with newly developed or acquired operations; changes in general economic trends, including inflation, tariffs and changes in interest rates; increased competition; changes in consumer demand for financial services; our ability to control costs and expenses; adverse developments in borrower industries and, in particular, declines in real estate values; changes in and compliance with federal and state laws that regulate our business and capital levels; our ability to raise capital as needed; and the effects of any cybersecurity breaches. The Company does not undertake, and specifically disclaims, any obligation to publicly revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law. Accordingly, you should not place undue reliance on forward-looking statements.Disclosures regarding non-GAAP financial information:To the extent that supplemental Company or Bank financial metrics presented herein are not financial measures under generally accepted accounting principles (“GAAP”), these non-GAAP metrics will be reconciled with comparable GAAP measures in the appendix to this presentation. Management may use non-GAAP measures in the analysis of the performance of the Company or the Bank, and they should not be considered a substitute for GAAP basis measures nor should they be viewed as a substitute for operating results determined in accordance with GAAP.2
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•Organized in 2018 with acquisition and recapitalization of distressed Stonebridge Bank•High quality talent, strong culture & relationship-orientedbusiness model•Core focus on organic growth and improving profitability through operating leverage LNKB FINANCIAL HIGHLIGHTS1 $262.1 MMarket Capitalization$3.12 BTotal Assets4.29%Dividend Yield $2.46 BTotal Loans31.4%Insider Ownership$2.67 BTotal Deposits1.04%ROA (MRQ, annualized)10.33%ROE (MRQ, annualized)13.85%ROTCE2(MRQ, annualized)1 Company data as of most recent quarter 9/30/25 (“MRQ”) end and market data as of October 24, 2025.2 Refer to appendix for reconciliation of this non-GAAP financial measure to its comparable GAAP measures M&A HISTORY MID-ATLANTIC GROWTH FRANCHISE TARGET TOTAL ASSETS AT ANNOUNCETRANSACTION CLOSE DATETRANSACTION ANNOUNCE DATETARGET BANKSACQUIROR BANK$58 M10/5/20186/26/20181. $437 M9/18/202112/10/20202. $1.6 B11/30/20232/22/20233. LINKBANK is a premier Mid-Atlantic community bank, serving clients throughout central and southeast Pennsylvania, Maryland, Delaware and Virginia. 3
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KRISTOFER PAUL -CFO | LINKBANCORP 21 years of bank credit administration and portfolio management experience also includes Susquehanna Bank, Sovereign Bank, and Waypoint Financial Experience in development and maintenance of commercial loan portfolios for more than 6 M&A transactions Named to Next 2021: Most Powerful Women in Banking by American Banker magazineTIFFANIE HORTON -Chief Credit Officer | LINKBANCORP Long track record of industry success Been involved in M&A of more than 10 companies with aggregate deal value surpassing $1.5 billion Successfully transitioned private community banks to public companies on NASDAQ Demonstrated track record of value creation: Waypoint Financial (PA), Tower Bancorp (PA), Sunshine Bancorp (FL)CARL LUNDBLAD-President | LINKBANCORP 28 years of banking, legal and other executive experience Extensive bank executive experience overseeing M&A, strategy development, regulatory and governance matters Strong transaction and value creation history, overseeing sales of Tower Bancorp and Susquehanna BancsharesBRENT SMITH-President | LINKBANK Consistent leader in growth initiatives with 20 years of banking experience Been involved in 10+ M&A transactions with an aggregate deal value of nearly $1 billion Led on transformational acquisitions, private placements, debt issuances and branch acquisitions DEE BONORA -Chief Operations and Technology Officer | LINKBANCORP20+ YEAR HISTORY OF WORKING TOGETHER IN THE MID ATLANTIC REGION 22 years of banking and financial services industry experience Oversaw financial reporting and accounting of various public companies, including Hersha Hospitality Trust and Tower Bancorp Involved in transactions totaling over $800M SEASONED EXECUTIVE TEAM Strong background in bank operations, data management and systems architecture Record of value creation through efficiencies, bringing a wealth of technology and software engineering experience 30 years of technology experience in highly regulated industries also includes Orrstown Bank and Rite Aid Corp ANDREW SAMUEL-CEO | LINKBANCORP & LINKBANK 4 CATE EISEL -Chief Risk Officer | LINKBANK Over 10 years of risk management experience Served in a variety of roles with the FDIC including financial institution examiner, senior bank examination training specialist and supervisory training administrator
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$234 $424 $933 $1,164 $2,669 $2,879 $3,123 5 OUR KEY ACCOMPLISHMENTSGROWTH IN TOTAL ASSETS($ IN MILLIONS) 2018 - 201920202022202120232018Closed acquisition of Stonebridge Bank -Total assets were $83.7 millionJAN 2019Completed $45.5 million common stock private placementFALL 2020Raised $5.0 million common stock private placement and issued $20.0 million in subordinated debtSEPT 2021Completed merger with GNBF2021 YEAR ENDTotal assets at Dec 31, 2021 were $932.8 million and the Company achieved $788,000 in quarterly net incomeSEPT 2022Completed Initial Public Offering, raising net proceeds of $34.7 millionAPRIL 2022Completed a $20.0 million sub debt capital raise JAN 2022Hired Regional Presidents for the York/Lancaster & Delaware Valley Regions DEC 2020Crossed over $400 million in total assets2020 YEAR ENDAnnounced our strategic merger with GNBF YTD 20251FEB 2023Announced transformational merger with PTRSFEB 2023Raised $10.0 million common stock private placementNOV 2023Completed merger with PTRS1 Measured as of September 30, 2025 2024MAY 2024Announced sale of New Jersey operationsJUNE 2024Consolidated 3 Client Solutions Centers2024 YEAR ENDAchieved $26.2 million in annual net income and a return on assets of 0.94%March 2025Completed sale of New Jersey operations resulting in an after tax, net of transaction fees, gain of $8.7 millionSeptember 2025Crossed over $3 billion in total assets
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Central to the LINKBANCORP culture and brand are the core “L-I-N-K” values, which support the mission of positively impacting lives.In pursuit of the mission, LINKBANCORP: Invests in the development of strong future leaders for the banking industry and our communities Contributes to economically and socially flourishing communities Seeks to demonstrate the continued viability of and integral role of community banking for our economic and social development Our well-defined brand reflects a purpose-driven, entrepreneurial and relational organization that is highly responsive to client needs and attracts best-in-class bank professionals.Our focus on culture and brand supports: Enhanced productivity Lower employee turnover Consistent brand experience High customer loyalty6 DIFFERENTIATED BRAND & CULTUREThe LINKBANCORP corporate culture is a differentiating factor in the Company’s demonstrated growth and ability to gain market share.
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$136M12%$60M5%$133M12%$167M15%$344M31%$198M18%$62M6%TOTAL LOANS2SEPTEMBER 30, 2025Commercial - 12%Construction - 5%CRE - Multifamily - 12%CRE - Owner Occupied - 15%CRE Non-Owner Occupied - 31%Residential - 18%Other - 6% MARKET FOCUS: PENNSYLVANIABRENT SMITHMarket Leader &LINKBANK President Joined LINKBANK at its 2018 inception. More than 15 years of Pennsylvania banking experience and two decades in the industry. •Eight Pennsylvania client solution centers and two loan production offices to service our valued clients.•High-growth regions, such as the Delaware Valley suburbs of Philadelphia, complement stable, diverse Central Pennsylvania communities.•Highly experienced middle-market commercial lending and underwriting teams manage a growing portfolio, with particular strength in serving multi-generational businesses and entrepreneurs in a wide range of industries, professional services firms, health care providers, and commercial real estate owners and operators. 71 Does not include brokered deposits or professional services deposits.2 Does not include purchase accounting.Market includes the following counties: Cumberland, Dauphin, Schuylkill, Chester, Lancaster, Northumberland and York. $281M37%$65M9%$184M24%$233M31%TOTAL DEPOSITS1SEPTEMBER 30, 2025Checking - 37%Savings - 9%Money Market - 24%Time Deposits - 31%
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MARKET FOCUS: MARYLAND & DELAWAREJOHN BREDAMaryland & Delaware Market CEOJoined LINKBANK through merger with Partners, where he served as President & CEO, including its subsidiary The Bank of Delmarva. More than 30 years of Maryland and Delaware banking experience and 39 years of industry experience. •Twelve Maryland and Delaware client solution centers and one loan production office.•High-growth regions, including the Central Maryland Baltimore-Washington corridor and Annapolis, complement Delmar Peninsula communities.•Highly experienced middle-market commercial lending and underwriting teams manage a growing portfolio, with particular strength in tourism, real estate development, hospitality and small family-owned businesses. Market includes the following counties: Sussex, Wicomico, Charles, Worcester, and Anne Arundel 81 Does not include brokered deposits or professional services deposits.2 Does not include purchase accounting.$65M7%$71M8%$71M8%$270M29%$289M31%$142M15%$18M2%TOTAL LOANS2SEPTEMBER 30, 2025Commercial - 7%Construction - 8%CRE - Multifamily - 8%CRE - Owner Occupied - 29%CRE Non-Owner Occupied - 31%Residential - 15%Other - 2%$337M46%$70M9%$84M11%$250M34%TOTAL DEPOSITS1SEPTEMBER 30, 2025Checking - 46%Savings - 9%Money Market - 11%Time Deposits - 34%
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MARKET FOCUS: VIRGINIAADAM NALLSVirginia Market CEODAVID TALEBIANVirginia Market President LOANS* •Four Virginia client solution centers•High-growth regions, including Fairfax County and the Washington metropolitan area of Northern Virginia, complement growing, diverse Fredericksburg-area communities.•Highly experienced middle-market commercial lending and underwriting teams manage a growing portfolio, with particular strength in government contracting, professional services, industry, medical, and technology.DEPOSITSJoined LINKBANK through the merger with Partners subsidiary Virginia Partners Bank. They each have more than 15 years of Virginia banking experience and almost two decades in the industry. 9Market includes the following counties: Fredericksburg (City), Spotsylvania and Fairfax1 Does not include brokered deposits or professional services deposits.2 Does not include purchase accounting.$215M36%$14M2%$238M40%$131M22%TOTAL DEPOSITS1SEPTEMBER 30, 2025Checking - 36%Savings - 2%Money Market - 40%Time Deposits - 22%$68M15%$26M6%$35M8%$96M21%$109M24%$118M26%$4M>1%TOTAL LOANS2SEPTEMBER 30, 2025Commercial - 15%Construction - 6%CRE - Multifamily - 8%CRE - Owner Occupied - 21%CRE Non-Owner Occupied - 24%Residential - 26%Other - 1%
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EXECUTING ESTABLISHED STRATEGY TO MAINTAIN A BRANCH-LITE MODEL THAT TAKES FULL ADVANTAGE OF:•LINKBANCORP’s organic growth engine, strategically located regional Client Solutions Centers with no teller lines and 3-4 FTEs supported by innovative technology.AT THE END OF Q3 2025, LINKBANCORP: •Maintained 24 client solutions centers, following the opening of a full-service client solutions center in Annapolis, MD in February of 2025, enhancing growth initiatives and capabilities in Central Maryland.•Completed the sale of New Jersey operations at the end of Q1 2025, including three branches and associated loans and deposits.ONGOING, LINKBANCORP INTENDS TO:•Continuously evaluate its retail operations for opportunities to leverage andoptimize efficiencies while maintaining its commitment to providing exceptional service to the customers and communities it serves.•Target average deposits per client solutions center of greater than $120 million. EXECUTING A BRANCH-LITE STRATEGY 10$88,959$91,985$90,405$97,087$99,225$108,046$120,000Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Target AVERAGE DEPOSITS PER CLIENT SOLUTION CENTER ($000s at Period End)+
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THIRD QUARTER 2025 HIGHLIGHTS2•Net income equaled $7.84 million with adjusted pre-tax pre-provision net income of $11.02 million1.•Annualized return on assets and return on tangible common equity were 1.04% and 13.85%1, respectively, for the third quarter.•Tangible book value increased from $5.921at June 30, 2025to $6.151at September 30, 2025 with book value per share increasing from $7.96 to $8.16, respectively.•Total deposits were $2.67 billion at September 30, 2025compared to $2.46 billion at June 30, 2025, representing an increase of $211.7 million. Average deposits also increased $159.4 million quarter over quarter to $2.50 billion for the quarter ended September 30, 2025.•Total loans increased $100.4 million (16.90% annualized) over the quarter to $2.46 billion at September 30, 2025 compared to $2.36 billion at June 30, 2025.BALANCE SHEET INCOME STATEMENT$26.4 million in net interest incomeNoninterest income of $2.8 millionNet income of $7.84 million Earnings per diluted share of $0.21 THIRD QUARTER 2025 $3.12 billion total assets$25.3 million allowance for credit losses on loansTotal shareholders’ equity of $305.5 million 3.75%Net Interest Margin1.04%Return on Assets 10.33%Return on Equity13.85%Return on Tangible Common Equity1$8.16 $6.15BVPS TBVPS1$0.21Earnings per Diluted Share 1 See appendix for reconciliation of this non-GAAP financial measure to its comparable GAAP measure.2 Balance Sheet comparison between September 30, 2025 and June 30, 2025 and comparisons between Q3 2025 and Q2 2025.11
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1See appendix for reconciliation of this non-GAAP financial measure to its comparable GAAP measure. REVENUE & EARNINGSTHIRD QUARTER 2025$7.84 millionNet Income$26.4 millionNet Interest Income$0.21Diluted EPS$2.8 millionNoninterest Income GAAP ComparisonsQ3 2025Q2 2025Q1 2025Q4 2024Q3 20247,8397,38715,3437,5847,095Net Income ($000s)0.210.200.410.200.19Diluted EPS ($)12 24,981 25,545 25,831 24,949 26,386 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 NET INTEREST INCOME($000s) 9,380 9,893 9,249 9,833 11,020 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ADJUSTED PRE-TAX, PRE-PROVISION NET INCOME1($000S)7,230 7,628 7,401 7,399 7,839 $0.19 $0.21 $0.20 $0.20 $0.21 0.000.050.100.150.200.2502,0004,0006,0008,00010,000Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Adj. EPS Adj. Net IncomeADJUSTED NET INCOME1($000s) Adj. Net IncomeAdj. EPS, Diluted
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THIRD QUARTER 2025 HIGHLIGHTS1•Net interest margin was 3.75% for the third quarter of 2025 compared to 3.80% for the second quarter of 2025. Net interest margin was impacted by strong growth in core deposits and timing on loan fundings, resulting in higher average cash for the quarter ending September 30, 2025. •Yield on loans increased from 6.22% for second quarter of 2025 compared to 6.26% for the third quarter of 2025 while cost of deposits increased to 2.17% for the third quarter of 2025 compared to 2.14% for the second quarter of 2025.•Interest income from purchase accounting accretion for the third quarter of 2025 was $71 thousand more than that recognized in the second quarter of 2025 and $636 thousand less than the third quarter of 2024. NET INTEREST MARGIN 131Comparisons between Q3 2025 and Q2 20253.82%3.85%3.94%3.80%3.75%3.50%3.75%4.00%4.25% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 NET INTEREST MARGIN 2.25%2.15%2.10%2.14%2.17%2.00%2.05%2.10%2.15%2.20%2.25%2.30% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 COST OF DEPOSITS 6.34% 6.34%6.22% 6.22%6.26%2.42%2.32%2.29%2.31%2.34%0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 YIELD ON LOANS VS COST OF FUNDS Yield on LoansCost of Funds
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•Noninterest income was $2.8 million in the third quarter of 2025 compared to $2.9 million in the second quarter of 2025, and $2.7 million in the third quarter of 2024.•Noninterest income for Q1 2025 included a pre-tax gain of $11.1 million from the Branch Sale.•Decrease in other noninterest income at September 30, 2025 compared to June 30, 2025 is primarily related to a small decrease in swap fee income. NONINTEREST INCOME 141Excludes the pre-tax gain of $11.1 million from the Branch Sale in Q1 2025.2,680 2,594 2,164 2,933 2,805 11,0939.72%9.26%7.79%1 10.65%9.95% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 NONINTEREST INCOME GROWTH($000s) Core noninterest incomeGain on Branch SaleNII/Total Net Revenue NONINTEREST INCOME ($000s)Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024Service Charges on Deposit Accounts 1,120 1,056 1,061 1,339 1,052Bank-owned life insurance 463 436 428 433 430Gain on sale of loans 156 128 77 70 138Gain on sale of branches 0 0 11,093 0 0Other 1,066 1,313 598 752 1,060Total noninterest income 2,805 2,933 13,257 2,594 2,680
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66.71% 65.04%50.29%64.79%62.25%66.09%64.84%66.96%64.73%62.25%Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ADJUSTED EFFICIENCY RATIO1 Efficiency RatioAdjusted Efficiency Ratio 2.61%2.56%2.80%2.57%2.42%2.59%2.55%2.67%2.57%2.42%Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ADJUSTED NONINTEREST EXPENSE (ANNUALIZED) / AVERAGE ASSETS1 Noninterest ExpenseAdj. Noninterest Expense •Noninterest expense was stable at $18.2 million in the third quarter of 2025 compared to $18.1 million in the second quarter of 2025. The incremental increase was primarily associated with an increase in health insurance costs. •The efficiency ratio continues to decrease from 64.79% for the second quarter of 2025 to 62.25% for the third quarter of 2025.•Disciplined expense management combined with strong asset growth led to a significant decrease in adjusted noninterest expense to average assets of 2.42% in the third quarter of 2025 compared to 2.57% in the second quarter of 2025. NONINTEREST EXPENSE 1See appendix for reconciliation of this non-GAAP financial measure to its comparable GAAP measure.151 1
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24%25%25%7%16%3%DEPOSIT COMPOSITIONSEPTEMBER 30, 2025 Demand, noninterest-bearing Demand, interest-bearing Money market and savings Time deposits, $250k and over Time deposits, other Brokered deposits THIRD QUARTER 2025 DEPOSIT TRENDS•24.0% of total deposits are noninterest bearing deposits.•Total deposits were $2.67 billion at September 30, 2025 compared to $2.46 billion at June 30, 2025. Year-to-date, total deposits have increased $329.66 million1or 18.75% annualized, adjusting for the impact of the Branch Sale and change in brokered deposits. •Brokered deposits were $75.0 million at September 30, 2025 and June 30,2025 compared to $103.6 million at December 31, 2024. The strong deposit growth has enabled the Company to fund loan growth with core deposits. VALUABLE CORE DEPOSIT FRANCHISE 162Excludes deposits held for sale at December 31, 2024.1See Appendix for Reconciliation to Total Deposit growth adjusting for the Branch Sale and change in brokered deposits. NEARLY 50% OF TOTAL DEPOSITS HELD IN DEMAND (CHECKING) ACCOUNTS $946,772$2,298,473$2,360,5822$2,668,0992022 2023 2024 Q3 2025 DEPOSITS$ MILLIONS AT PERIOD END
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$926M37%$1,100M44%$456M19%LOANS BY MARKET2SEPTEMBER 30, 2025Maryland & DelawarePennsylvaniaVirginia 6%11%10%21%30%19%3%LOAN PORTFOLIOSEPTEMBER 30, 2025 Construction C&I Multifamily Owner occupied CRE Non-owner occupied CRE ResidentialOtherTHIRD QUARTER 2025 LOAN PORTFOLIO TRENDS•Average yield on loans of 6.26%, inclusive of purchase accounting.•Loan growth had exceptional contribution from all core markets (PA, MD, and VA).•Total commercial loan commitments for the third quarter of 2025 were $235.9 million with funded balances of $177.4 million.•Average commercial loan commitment originated during the thirdquarter of 2025 totaled approximately $1.2 million with the average outstanding funded balance of $924 thousand. IN-MARKET, WELL-BALANCED LOAN PORTFOLIO (2) Does not include purchase accounting. REAL ESTATE PORTFOLIO:•Well-balance real estate portfolio with no significant concentrations.•Total office is approximately 9% of the entire loan portfolio.oApproximately 82% of the office portfolio has personal guarantees.oTypical property types are small office buildings in non-urban markets within the Bank’s footprint. (1) Includes consumer, agriculture, municipal, and other. 17 1
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ASSET QUALITY 181Charge offs at June 30, 2025 do not include the impact of a settlement of a purchase credit deteriorated loan that resulted in a net decrease to the allowance of $2.0 million, which was covered by a specific reserve established on this PCD loan at the time of acquisition. 0.92%0.96%1.00%1.04%1.08%1.12%1.16%1.20%1.24% $23,500 $24,000 $24,500 $25,000 $25,500 $26,000 $26,500 $27,000Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ALLOWANCE FOR CREDIT LOSSES - LOANS Allowance ($000s)ACLL / Total Loans 0.00%0.20%0.40%0.60%0.80%1.00%1.20%Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 NPAS & NPLS NPLs / Total LoansNPAs / Total Assets(28)252 81 401300(50)050100150200250300350 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 NCO's ($000's)152.73%153.95%102.22%112.68%102.90%0%100%200%Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ACLL / NONPERFOMING ASSETS
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•Committed to a quarterly dividend of $0.075 per share of common stock through the merger with GNB Financial in 2021•Capital ratios anticipated to increase with earnings growth trajectory•$193.9 million cash & cash equivalents at September 30, 2025•Total available funding of $1.44 billion at September 30, 2025 CAPITAL MANAGEMENT AND LIQUIDITY *Wholesale deposit capacity is calculated as 10% of total deposits, less current outstanding brokered 1 See appendix for reconciliation of this non-GAAP financial measure to its comparable GAAP measure.19 $72.0 $191.7 $734.2 $252.7 $193.9 $1,444.5 Fed Funds LinesWholesale Deposit Capacity*FHLB & Fed Discount WindowMarketable SecuritiesCash & EquivalentsTotal AvailabilityAVAILABLE SOURCES OF LIQUIDITY($ millions, MRQ End) 9.95%11.39% 11.39%12.31%7.55%5.0%6.5%8.0%10.0%0.00%2.00%4.00%6.00%8.00%10.00%12.00%14.00% Bank Tier 1 Leverage Bank Common Tier 1 Bank Tier 1 Risk Based Bank Total Risk Based Company TCE/TA CAPITAL RATIOS - SEPTEMBER 30, 2025 LNKBWell-Capitalized Regulatory Minimum1
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Targeted loan growth of 9% – 11% for 2025, excluding impact of the Branch SaleSelf-funding loan growth with organic deposit growth, with a targeted loan to deposit ratio of 90% - 95%Net Interest Margin expectation 3.80% - 3.85% for the full year 2025 Expecting 1.05% core operating ROA for full year 2025 (excluding impact of the Branch Sale)Targeting noninterest expense to average assets of 2.50% - 2.55% for full year 2025Assume effective tax rate of 22% 2025 OUTLOOK 20
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Strong alignment with shareholder returns – 31.4% insider ownershipDisciplined underwriting & robust enterprise risk managementHighly opportunistic M&A strategy with disciplined acquisition criteriaNimble and innovative tech operating platform focused on modular architecture andcloud-based infrastructureFocused organic growth strategy, uniquely positioned in the attractive and coveted mid-Atlanticmarket (Harrisburg > Philadelphia > Baltimore > D.C. corridor)Seasoned executive team, led by Andrew Samuel, has significant experience and success with building, operating and creating shareholder value in the markets of focusStrong funding franchise coupled with best-in-class loan growth engine implementing a branch-lite model INVESTMENT RATIONALE 21
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THANK YOU!
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CONTACT US:NICK WESTDirector, Corporate DevelopmentIR@linkbancorp.com | (717) 678-7935
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APPENDIX
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NON-GAAP RECONCILIATION 25 (Dollars in thousands, except per share data)9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024GAAP-Based Earnings Per Share, Basic 0.21$ 0.20$ 0.19$ 0.82$ 0.50$ GAAP-Based Earnings Per Share, Diluted 0.21$ 0.20$ 0.19$ 0.82$ 0.50$ Net Income 7,839$ 7,387$ 7,095$ 30,569$ 18,625$ Gain on sale of branches — — — (11,093) —Tax effect(1) — — — 2,440 —Transaction bonus accrual — — — 490 —Tax effect(1) — — — (108) —Board restructuring accrual — — — 381 —Tax effect(1) — — — (84) —Merger & restructuring expenses —16 171 57 858Tax effect(1) —(4) (36) (13) (180)Net (gains) losses on sale of securities — — — — (4)Tax effect(1) — — — — 1Adjusted Net Income (Non-GAAP) 7,839$ 7,399$ 7,230$ 22,639$ 19,300$ Adjusted Earnings per Share, Basic (Non-GAAP)0.21$ 0.20$ 0.20$ 0.61$ 0.52$ Adjusted Earnings per Share, Diluted (Non-GAAP) 0.21$ 0.20$ 0.19$ 0.61$ 0.52$ Adjusted Earnings Per ShareFor the Nine Months EndedFor the Three Months Ended (1) Tax effect was 22% for the three months ended September 30, 2025 and June 30, 2025, and nine months ended September 30, 2025, and 21% for all other periods
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NON-GAAP RECONCILIATION 26 (Dollars in thousands)9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024Net income 7,839$ 7,387$ 7,095$ 30,569$ 18,625$ Average assets 2,983,773 2,817,241 2,812,261 2,890,218 2,764,544 Return on average assets (annualized) 1.04% 1.05% 1.00% 1.41% 0.90%Net income 7,839$ 7,387$ 7,095$ 30,569 18,625 Gain on sale of branches — — — (11,093) —Tax effect(1) — — — 2,440 —Transaction bonus accrual — — — 490 —Tax effect(1) — — — (108) —Board restructuring accrual — — — 381 —Tax effect(1) — — — (84) —Net losses on sale of securities — — — —(4) Tax effect(1) — — — —1 Merger & restructuring expenses —16 171 57858 Tax effect(1) —(4) (36) (13) (180) Adjusted Net Income (Non-GAAP) 7,839$ 7,399$ 7,230$ 22,639$ 19,300 Average assets 2,983,773$ 2,817,241$ 2,812,261$ 2,890,218$ 2,764,544 Adjusted return on average assets (annualized) 1.04% 1.05% 1.02% 1.05% 0.93% For the Nine Months EndedAdjusted Return on Average AssetsFor the Three Months Ended (1) Tax effect was 22% for the three months ended September 30, 2025 and June 30, 2025, and nine months ended September 30, 2025, and 21% for all other periods
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NON-GAAP RECONCILIATION 27 (Dollars in thousands)9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024Net income 7,839$ 7,387$ 7,095$ 30,569$ 18,625$ Average shareholders' equity 301,101 295,003 273,935 293,312 270,454 Return on average shareholders' equity (annualized) 10.33% 10.04% 10.30% 13.93% 9.20%Net income 7,839$ 7,387$ 7,095$ 30,569$ 18,625$ Gain on sale of branches — — — (11,093) —Tax effect(1) — — — 2,440 —Transaction bonus accrual — — — 490 —Tax effect(1) — — — (108) —Board restructuring accrual — — — 381 —Tax effect(1) — — — (84) —Merger & restructuring expenses —16 171 57858 Tax effect(1) —(4) (36) (13)(180) Net (gains) losses on sale of securities — — — —(4) Tax effect(1) — — — —1 Adjusted Net Income (Non-GAAP) 7,839$ 7,399$ 7,230$ 22,639$ 19,300$ Average shareholders' equity 301,101$ 295,003$ 273,935$ 293,312$ 270,454$ Adjusted return on average shareholders' equity (annualized) (Non-GAAP)10.33% 10.06% 10.50% 10.32% 9.53%For the Nine Months EndedAdjusted Return on Average Shareholders' EquityFor the Three Months Ended (1) Tax effect was 22% for the three months ended September 30, 2025 and June 30, 2025, and nine months ended September 30, 2025, and 21% for all other periods
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NON-GAAP RECONCILIATION 28 (Dollars in thousands, except per share data)9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024Tangible Common EquityTotal shareholders’ equity 305,457$ 297,998$ 294,066$ 280,221$ 277,353$ Adjustments:Goodwill (58,806) (58,806) (58,806) (58,806) (58,806) Other intangible assets (16,407) (17,490) (18,573) (20,955) (22,118) Tangible common equity (Non-GAAP) 230,244$ 221,702$ 216,687$ 200,460$ 196,429$ Common shares outstanding 37,447,026 37,441,879 37,377,342 37,370,917 37,361,560 Book value per common share 8.16$ 7.96$ 7.87$ 7.50$ 7.42$ Tangible book value per common share (Non-GAAP)6.15$ 5.92$ 5.80$ 5.36$ 5.26$ Tangible AssetsTotal assets 3,123,293$ 2,886,554$ 2,861,489$ 2,878,778$ 2,879,941$ Adjustments:Goodwill (58,806) (58,806) (58,806) (58,806) (58,806) Other intangible assets (16,407) (17,490) (18,573) (20,955) (22,118) Tangible assets (Non-GAAP) 3,048,080$ 2,810,258$ 2,784,110$ 2,799,017$ 2,799,017$ Tangible common equity to tangible assets (Non-GAAP)7.55% 7.89% 7.78% 7.16% 7.02% Tangible Common Equity and Tangible Book Value
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NON-GAAP RECONCILIATION 29 (Dollars in thousands)9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024GAAP-based efficiency ratio 62.25% 64.79% 66.71% 58.13% 70.21%Net interest income 26,386$ 24,949$ 24,981$ 77,166$ 74,349$ Noninterest income 2,8052,933 2,680 18,9956,267 Less: Gain on sale of branches — — — (11,093) —Less: net gains (losses) on sale of securities — — — —(4) Adjusted revenue (Non-GAAP) 29,191 27,882 27,661 85,068 80,612 Total noninterest expense 18,17118,065 18,452 55,89456,601 Less: Merger & restructuring expenses —16 171 57858 Less: Transaction bonus accrual — — — 490 —Less: Board restructuring accrual — — — 381 —Adjusted non-interest expense 18,171$ 18,049$ 18,281$ 54,966$ 55,743$ Efficiency ratio, as adjusted (Non-GAAP) 62.25% 64.73% 66.09% 64.61% 69.15% For the Nine Months EndedAdjusted Efficiency RatioFor the Three Months Ended
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NON-GAAP RECONCILIATION 30 (Dollars in thousands, except per share data)9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024Net Income (GAAP)7,839$ 7,387$ 7,095$ 30,569$ 18,625$ Gain on sale of branches — — — (11,093) —Tax effect(1) — — — 2,440 —Transaction bonus accrual — — — 490 —Tax effect(1) — — — (108) —Board restructuring accrual — — — 381 —Tax effect(1) — — — (84) —Net (gains) losses on sale of securities — — — — (4)Tax effect(1) — — — — 1Merger & restructuring expenses —16 171 57858 Tax effect(1) —(4) (36) (13)(180) Adjusted Net Income (Non-GAAP)7,839 7,399 7,230 22,639 19,300 Income tax expense 2,178 2,086 2,030 8,123 5,265 Provision for credit losses 1,003 344 841,575 125 Tax effect included in Adjusted Net Income - 4 36 (2,235) 179 Adjusted Pre-tax, Pre-provision Net Income (Non-GAAP)11,020$ 9,833$ 9,380$ 30,102$ 24,869$ Adjusted Pre-tax, Pre-provision Net Income (Non-GAAP)For the Nine Months EndedFor the Three Months Ended (1) Tax effect was 22% for the three months ended September 30, 2025 and June 30, 2025, and nine months ended September 30, 2025, and 21% for all other periods
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NON-GAAP RECONCILIATION 31 Return on Tangible Common EquityFor the Three Months Ended For the Nine Months Ended(Dollars in thousands)9/30/2025 9/30/2025Net income 7,839$ 30,569$ Average shareholders' equity301,101 293,312 Adjustments:Goodwill(58,806) (58,806) Other intangible assets(17,706) (18,499) Average tangible common equity (Non-GAAP)224,589$ 216,007$ Return on tangible common equity (annualized) (Non-GAAP)13.85% 18.92%
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NON-GAAP RECONCILIATION 32 Adjusted noninterest expense (Non-GAAP)(Dollars in thousands, except per share data)9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024Noninterest expense - GAAP18,171$ 18,065$ 19,658$ 18,302$ 18,452$ Merger & restructuring expenses — 16 41 56 171 Transaction bonus accrual — — 490 — —Board restructuring accrual — — 381 — —Adjusted noninterest expense (Non-GAAP) 18,171$ 18,049$ 18,746$ 18,246$ 18,281$ For the Three Months Ended
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LOAN & DEPOSIT GROWTH RECONCILIATION 33 (In Thousands)September 30, 2025Total Deposits at September 30, 2025 2,668,099$ Less: Brokered Deposits at September 30, 2025 (75,000) Total Core Deposits at September 30, 2025 2,593,099$ Total Deposits at December 31, 2024 2,454,136$ Less: Brokered Deposits at December 31, 2024 (103,615) Total Core Deposits at December 31, 2024 2,350,521$ Year-to-date Change in Core Deposits 242,578Net Book Value of Deposits Sold 87,086Quarterly Deposit Growth Excluding Branch Sale 329,664Annualized Growth Rate 18.75% Total Deposit Growth Calculation Adjusting for Branch Sale and Change in Brokered Deposits (Unaudited)LINKBANCORP, Inc. and Subsidiaries (In Thousands)September 30, 2025Total Loans at September 30, 2025 2,456,977$ Total Loans at December 31, 2024 2,347,556Year-to-date Change 109,421Net Book Value of Loans Sold 97,952Loan Growth Excluding Branch Sale 207,373Annualized Growth Rate 11.81%LINKBANCORP, Inc. and SubsidiariesLoan Growth Calculation Excluding Branch Sale (Unaudited)