Wilson Bank Holding Company

What they do

The Company is a bank holding company incorporated in Tennessee in 1992 that owns 100% of Wilson Bank & Trust, organized in 1987 in Wilson County. Through 32 full-service offices in ten Tennessee counties and one loan production office in Williamson County, the Bank offers checking, savings, money market and certificate of deposit accounts, plus consumer, commercial and real estate loans to local consumers, professionals and small businesses. It also provides custodial, trust, and third-party brokerage services. The Bank sold its 51% interest in Encompass Home Lending, LLC, a mortgage banking joint venture, effective June 1, 2025.

Revenue drivers

• Commercial and real estate lending — The Bank lends to individuals, businesses and professional entities across consumer, commercial and real estate categories; the risk factors note a significant amount of real estate loans including construction and development loans, and significant credit exposure to homebuilders and land developers.
• Consumer and small business lending — Management targets local consumers, professionals and small businesses in its middle Tennessee markets; the 10-K notes many commercial loans are made to small- and medium-sized businesses that are sometimes less able to withstand competitive and economic pressure.
• Deposit and fee-based services — The Bank offers checking, savings, money market accounts and certificates of deposit, plus custodial, trust and third-party brokerage services; the 10-K identifies growing and retaining low-cost core deposits as a stated focus and risk factor.

Recent performance

Assets were $5.980 billion at June 30, 2026, up $101.4 million, or 1.72%, from December 31, 2025. Shareholders' equity was $613.0 million at June 30, 2026, up $31.3 million, or 5.39%, from December 31, 2025. Net income for the six months ended June 30, 2026 was $43.1 million, up $7.6 million, or 21.3%, over the prior-year period. Diluted EPS for the six months was $3.50 versus $2.95, an increase of 18.6%. For full-year 2025, the Company reported net earnings of approximately $75.699 million on total assets of approximately $5.879 billion.

Strategy

The Company continues to pursue growth in its target middle Tennessee markets, which management believes offer an environment for continued banking growth. Its stated priorities include growing and retaining low-cost core deposits and managing interest rate and credit risk. In 2026 it reported investing in technology and innovation, including implementing Workday and improving lending processes, while evaluating emerging technologies. It also cited its 2026 internship program as an investment in people and future community banking leadership. The Board declared a $1.35 per share cash dividend payable July 24, 2026 to holders of record July 1, 2026.

Risks

• Interest rate and margin pressure — Net interest margin and net earnings are significantly affected by interest rate levels, short-term rate movements and competitive pricing pressure on loans and deposits.
• Real estate and construction credit concentration — The loan portfolio includes a significant amount of real estate loans, including construction and development loans, plus significant credit exposure to homebuilders and land developers.
• Credit losses and allowance adequacy — Deterioration in borrower financial condition could cause significant increases in credit losses and provisions, and an inadequate allowance for credit losses would negatively impact results.
• Local economic and deposit competition — Adverse conditions in local or national economies and increased competition could hamper the ability to grow and retain low-cost core deposits and to grow loans at acceptable pricing.

Outlook

Management's July 10, 2026 shareholder letter described performance through the first half of 2026 as building on a strong foundation, with continued focus on building lasting relationships, growing responsibly and creating long-term value. The letter states that economic conditions continue to evolve and that the Company has continued to invest strategically in technology and innovation throughout 2026. No specific financial guidance or targets were provided in the excerpts.