• PNC for its local communities.
• A community-focused M&T Bank.
• The neighborhood bank equivalent of Truist.

• Deposit Services: Accepting various types of deposits, including checking, savings, money market, and certificates of deposit, from individuals, businesses, and municipalities.
• Lending Services: Providing a comprehensive range of loan products, such as commercial, real estate, construction, and consumer loans, to meet diverse financing needs.
• Treasury Management: Offering cash management solutions, including business checking, merchant services, and fraud protection, to optimize business financial operations.
• Digital Banking: Providing convenient online and mobile banking platforms that enable account management, bill payment, and remote deposit services.

Linkbancorp (LNKB) is a bank holding company, and its primary subsidiary, Linkbank, provides a broad range of financial products and services. As is typical for a community bank, Linkbancorp sells primarily to a diverse base of individuals and businesses within its operational footprint rather than having a few major corporate customers.

The company serves the following categories of customers:

• Individuals/Consumers: This category includes retail customers who utilize personal checking and savings accounts, mortgages, home equity loans, auto loans, and other personal lending and deposit products.
• Small to Medium-sized Businesses (SMBs): Linkbancorp provides commercial banking services to businesses, including business checking and savings accounts, commercial loans, lines of credit, treasury management services, and other financial solutions tailored for business operations.
• Commercial Real Estate (CRE) Clients: The bank offers financing for commercial real estate investors and developers, including loans for the acquisition, construction, and refinancing of various types of commercial properties.

• Visa Inc. (V)
• Mastercard Incorporated (MA)

Andrew Samuel

Kristofer Paul

Carl Lundblad

Brent Smith

Deirdre Bonora

The primary emerging threat to Linkbancorp, a traditional regional bank, stems from the accelerating disruption by digitally native financial technology (fintech) companies and neobanks. These competitors offer streamlined, mobile-first banking experiences, often with lower fees and more personalized services, directly challenging traditional banks for deposit acquisition and customer relationships. Furthermore, the increasing foray of large technology companies (e.g., Apple, Google, Amazon) into financial services through payment platforms, lending, and digital wallets presents a growing threat by leveraging their vast user bases and data to disintermediate traditional banking services.

Linkbancorp (LNKB) operates primarily in community and commercial banking. The addressable markets for these main products and services are as follows:

• Community Banking: The U.S. community banking market was valued between $17.79 billion and $19.39 billion in 2024, with projections indicating growth to between $17.7 billion and $19.39 billion in 2025. This market is projected to reach $26.98 billion by 2029. North America, which includes the regions Linkbancorp serves, held a dominant position in the global community banking market, capturing over a 40% share in 2024.
• Commercial Banking: The commercial banking industry in Pennsylvania is estimated to have a market size of $43.2 billion in 2025. For the broader U.S. market, the commercial banking sector was valued at $231.9 billion in 2024 and is expected to grow to $351.8 billion by 2033, with a compound annual growth rate (CAGR) of 4.10%. Linkbancorp provides commercial banking services across Pennsylvania, Maryland, Delaware, Virginia, and New Jersey.

Information to provide a specific addressable market size for wealth management services for Linkbancorp's operating regions is null.

Linkbancorp (NASDAQ: LNKB) is expected to drive future revenue growth over the next two to three years through several key strategies focusing on its core banking operations and strategic market presence.

Here are 4 expected drivers of future revenue growth:

1. Organic Loan Growth: Linkbancorp consistently emphasizes and delivers on loan growth. The company reported significant increases in its total loan portfolio, with an annualized growth of 16.90% in Q3 2025, reaching $2.46 billion. Management has set a target for 2025 loan growth of 9%-11%, excluding the impact of branch sales. This growth is primarily fueled by commercial real estate, commercial business, and residential real estate loans.
2. Robust Core Deposit Growth: A crucial driver for a bank's revenue is its ability to attract and grow core deposits, which provide stable and lower-cost funding for lending activities. Linkbancorp has demonstrated robust growth in core deposits, with total deposits increasing by 8.62% from the prior quarter to $2.67 billion in Q3 2025. The company aims to self-fund its loan growth through organic deposit growth, targeting a loan-to-deposit ratio of 90%-95%.
3. Strategic Expansion and Market Penetration in the Mid-Atlantic: Linkbancorp's strategy centers on expanding its presence and deepening relationships within its targeted Mid-Atlantic markets, including Pennsylvania, Maryland, Delaware, and Virginia. The merger with Partners Bancorp in 2023 was a significant move to enhance scale and establish a leading community banking franchise in these "highly coveted markets," providing a wider product suite and customer service capabilities. The company operates with a "branch-lite strategy" through 24 client solutions centers.
4. Growth in Non-Interest Income: While a bank's primary revenue source is net interest income, diversification through non-interest income is also a growth driver. Linkbancorp has shown an increase in non-interest income, which rose by $822 thousand in Q3 2024, driven by growth in service charges and gains on loan sales. Expanding its product offerings and services, particularly to small business and nonprofit segments, contributes to this revenue stream.

Share Issuance

• In September 2022, Linkbancorp completed its Initial Public Offering (IPO), issuing 5,101,205 shares of common stock at $7.50 per share, which generated net proceeds of $34.7 million.
• During September-October 2020, the company raised $5.0 million through a private placement of common stock.
• In early 2023, Linkbancorp completed a private placement of $10.0 million with certain directors and other accredited investors.

Inbound Investments

• The company raised $5.0 million in September-October 2020 through a private placement of common stock.
• An additional $10.0 million was raised in early 2023 via a private placement with directors and accredited investors.

Outbound Investments

• On February 22, 2023, LINKBANCORP entered into a merger agreement with Partners Bancorp, with LINKBANCORP as the surviving entity.
• On March 31, 2025, the bank completed the sale of its New Jersey banking operations, which included three branch locations, $87 million of deposits, and $105 million in loans, resulting in an $8.7 million after-tax gain.

Capital Expenditures

• The company maintains a "branch-lite model" focusing on strategically located regional Client Solutions Centers, which are supported by innovative technology.
• In February 2025, Linkbancorp opened a full-service client solutions center in Annapolis, MD, contributing to its network of 24 such centers.
• The net value of premises and equipment was approximately $15.8 million as of September 30, 2025, and $18.0 million as of December 31, 2024.