8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 29, 2024

LINKBANCORP, Inc.

(Exact name of Registrant as Specified in Its Charter)

Pennsylvania	001-41505	82-5130531
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
1250 Camp Hill Bypass, Suite 202
Camp Hill, Pennsylvania		17011
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: 855 569-2265

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01	LNKB	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On July 29, 2024, LINKBANCORP, Inc. (the “Company”) issued a press release reporting its financial results as of and for the three and six months ended June 30, 2024.

A copy of the press release is attached as Exhibit 99.1 to this report and is being furnished to the Securities and Exchange Commission and shall not be deemed filed for any purpose.

Item 7.01 Regulation FD

A copy of LINKBANCORP, Inc.’s investor presentation based on June 30, 2024 financial information is furnished as Exhibit 99.2 hereto.

The information in Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, or otherwise subject to the liabilities thereof, nor shall it be deemed to be incorporated by reference in any filing under the Securities and Exchange Act of 1934 or under the Securities Act of 1933, except to the extent specifically provided in any such filing.

Item 9.01 Financial Statements and Exhibits.

(a)	Financial statements of businesses acquired. None.
(b)	Pro forma financial information. None.
(c)	Shell company transactions. None.
(d)	Exhibits.
	99.1     Press release dated July 29, 2024
	99.2     Investor Presentation
	104 Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			LINKBANCORP, INC.
Date:	July 29, 2024	By:	/s/ Carl D. Lundblad
			Carl D. Lundblad President

EX-99.1

 

Exhibit 99.1

FOR IMMEDIATE RELEASE

Contact:

Nicole Davis

Corporate and Investor Relations Officer

717.803.8895

IR@LINKBANCORP.COM

LINKBANCORP, Inc. Announces Second Quarter 2024 Earnings

July 29, 2024 – HARRISBURG, PA – LINKBANCORP, Inc. (NASDAQ: LNKB) (the “Company”), the parent company of LINKBANK (the “Bank”) reported net income of $5.8 million, or $0.16 per diluted share, for the quarter ended June 30, 2024. Excluding expenses associated with the sale of its New Jersey branches and additional branch consolidations, adjusted earnings were $6.3 million1, or $0.171 per diluted share for the second quarter of 2024.

Second Quarter 2024 Highlights

•Total loans2 increased $63.6 million, or 11.4% annualized from $2.25 billion at March 31, 2024 to $2.31 billion at June 30, 2024, led by strong growth of $28.5 million in commercial & industrial loans over the period.

•Total deposits2 increased $71.3 million, or 12.0% annualized from $2.39 billion at March 31, 2024 to $2.46 billion at June 30, 2024, including growth of $38.4 million in noninterest bearing demand account balances at quarter end.

•Noninterest expense decreased $350 thousand quarter over quarter to $18.9 million in the second quarter of 2024. Excluding merger expenses and costs associated with the Branch Sale and branch consolidations, adjusted noninterest expense was $18.3 million in the second quarter of 2024, a $925 thousand decrease compared to $19.2 million in the first quarter of 2024.1

1See Appendix A — Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure.

2Total loans and total deposits include balances held for sale in the Branch Sale of $116.2 million and $96.8 million at June 30, 2024. These balances in the first quarter of 2024 were $115.9 million and $105.6 million respectively at March 31, 2024.

Page 2 of 18

•Net interest income before provision for credit losses was $24.5 million for the second quarter of 2024 compared to $24.9 million in the first quarter of 2024, and was impacted by a quarter-over-quarter decline in purchase accounting accretion as well as increased funding costs due to continued competition for deposits to support quality loan growth and maintain prudent on-balance sheet liquidity. Net interest margin was 3.83% for the second quarter of 2024 compared to 4.03% for the first quarter of 2024.

•Non-performing assets were $10.6 million, representing 0.37% of total assets at June 30, 2024, compared to $6.7 million, representing 0.24% of total assets at March 31, 2024. The allowance for credit losses-loans was 1.20% of total loans held for investment at June 30, 2024, compared to 1.06% at March 31, 2024. The allowance was impacted by the reclassification of loans related to the Branch Sale as assets held for sale, offset by net loan growth in the quarter, as well as a loan acquired in the merger with Partners Bancorp (the “Partners Merger”) which experienced credit deterioration that was present at the time of the merger and required a day one purchase accounting adjustment that increased the allowance for credit losses by $2.3 million and increased goodwill by $1.8 million.

•On May 9, 2024, the Company announced that LINBANK had entered into a definitive purchase and assumption agreement for the sale of the Bank’s banking operations and three branches in New Jersey, including related loans and deposits (the “Branch Sale”).The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2024.

As a result of the Branch Sale announcement, associated assets and liabilities were reclassified as held for sale, impacting the Company’s allowance for credit losses and purchase accounting amortization related to the loans held for sale.

“We are pleased by the consistent improvement in performance achieved through the hard work and dedication of all of our teams, evidenced by the results of the second quarter of 2024,

1See Appendix A — Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure.

Page 3 of 18

including increased profitability metrics and strong commercial loan and core deposit growth,” said Andrew Samuel, Chief Executive Officer of LINKBANCORP. “The consolidation of three client solution centers was completed during the quarter and we remain on target to conclude the pending sale of the New Jersey operations in the second half of the year.” He continued, “We continue to be very focused on achieving further improvements in profitability and customer experience to meet our goals for the second half of the year.”

Income Statement

Net interest income before the provision for credit losses for the second quarter of 2024 was $24.5 million compared to $24.9 million in the first quarter of 2024. Net interest margin was 3.83% for the second quarter of 2024 compared to 4.03% for the first quarter of 2024. For the second quarter of 2024, net interest income was impacted by the amortization of purchase accounting adjustments, as interest income from purchase accounting accretion during this period was approximately $568 thousand less than purchase accounting accretion recognized in the first quarter of 2024. Cost of funds increased to 2.43% for the second quarter of 2024 compared to 2.33% for the first quarter of 2024, reflecting continued pressure from competition for deposits in the Bank’s markets.

Noninterest income increased quarter-over-quarter to $1.9 million for the second quarter of 2024 compared to $1.7 million for the first quarter of 2024, and included an $85 thousand increase in service charges on deposit accounts.

Noninterest expense for the second quarter of 2024 was $18.9 million compared to $19.3 million for the first quarter of 2024. Excluding one-time merger expenses and costs associated with the Branch Sale and branch consolidations of $631 thousand in the second quarter of 2024 and $56 thousand in the first quarter of 2024, noninterest expense decreased by $925 thousand to $18.3 million in the second quarter of 2024 from $19.2 million in the first quarter1. This improvement was largely driven by a $1.2 million decrease in salaries and employee benefits following the reduction in headcount relating to the Partners Merger.

Income tax expense was $1.6 million for the second quarter of 2024, reflecting an effective tax rate of 22.0%.

1See Appendix A — Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure.

Page 4 of 18

Balance Sheet

Total assets were $2.86 billion at June 30, 2024 compared to $2.79 billion at March 31, 2024 and $1.31 billion at June 30, 2023. Deposits and net loans as of June 30, 2024 totaled $2.36 billion and $2.17 billion, respectively, compared to deposits and net loans of $2.28 billion and $2.11 billion, respectively, at March 31, 2024 and $1.03 billion and $959.3 million, respectively, at June 30, 2023. Deposits and net loans exclude balances held for sale in the Branch Sale of $96.8 million and $116.2 million, respectively, at June 30, 2024, which are reflected in liabilities held for sale and assets held for sale. These balances were $105.6 million and $115.9 million respectively at March 31, 2024.

Including loans held for sale, total loans increased $63.6 million, from $2.25 billion at March 31, 2024 to $2.31 billion at June 30, 2024, led by strong growth of $28.5 million in commercial & industrial loans over the period. Total commercial loan commitments for the second quarter of 2024 were $117.9 million with funded balances of $81.8 million. The average commercial loan commitment originated during the second quarter of 2024 totaled approximately $771 thousand with an average outstanding funded balance of $534 thousand.

Including deposits held for sale, total deposits at June 30, 2024 totaled $2.46 billion, an increase of $71.3 million from $2.39 billion at March 31, 2024. This increase included growth of $38.4 million in noninterest bearing demand accounts and $31.2 million in interest bearing demand, money market and savings account balances.

The Company maintains strong on-balance sheet liquidity, as cash and cash equivalents increased to $181.7 million at June 30, 2024 compared to $172.3 million at March 31, 2024.

Shareholders’ equity increased from $268.2 million at March 31, 2024 to $271.4 million at June 30, 2024 primarily as a result of a $3.1 million increase in retained earnings. Book value per share increased to $7.27 at June 30, 2024 compared to $7.18 at March 31, 2024. Tangible book value per share increased to $5.07 at June 30, 2024 compared to $5.00 at March 31, 20241.

1See Appendix A — Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure.

Page 5 of 18

Asset Quality

In the second quarter of 2024, the Company did not record a provision for credit losses, compared to a $40 thousand provision for credit losses in the first quarter of 2024. Additional provision was not required due in part to reclassification of loans related to the Branch Sale as assets held for sale, offset by net loan growth in the quarter, as well as an increase in the allowance through an adjustment to goodwill related to purchase accounting described below.

As of June 30, 2024, the Company’s non-performing assets were $10.6 million, representing 0.37% of total assets, compared to $6.7 million, representing 0.24% of total assets at March 31, 2024. The increase relates primarily to a single loan for a commercial property acquired in the Partners Merger with an outstanding principal balance of approximately $3.9 million at June 30, 2024. Loans 30-89 days past due at June 30, 2024 were $5.15 million, representing 0.24% of total loans, an improvement compared to $15.3 million or 0.72% of loans at March 31, 2024.

The allowance for credit losses-loans was $26.3 million, or 1.20% of total loans held for investment at June 30, 2024, compared to $23.8 million, or 1.06% of total loans held for investment at March 31, 2024. The increase was driven primarily by a specific allowance related to a loan acquired in the Partners Merger as described above, which experienced credit deterioration that was present at the time of the merger and required a day one purchase accounting adjustment that increased the allowance for credit losses by $2.3 million and increased goodwill by $1.8 million. The allowance for credit losses-loans to nonperforming assets was 248.26% at June 30, 2024, compared to 357.18% at March 31, 2024.

Capital

The Bank’s regulatory capital ratios were well in excess of regulatory minimums to be considered “well capitalized” as of June 30, 2024. The Bank’s Total Capital Ratio and Tier 1 Capital Ratio were 11.09% and 10.30% respectively, at June 30, 2024, compared to 10.62% and 9.92%, respectively, at December 31, 2023 and 11.04% and 10.24%, respectively, at March 31, 2023. The Company’s ratio of Tangible Common Equity to Tangible Assets was 6.82%1 at March 31, 2024.

1See Appendix A — Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure.

Page 6 of 18

ABOUT LINKBANCORP, Inc.

LINKBANCORP, Inc. was formed in 2018 with a mission to positively impact lives through community banking. Its subsidiary bank, LINKBANK, is a Pennsylvania state-chartered bank serving individuals, families, nonprofits and business clients throughout Pennsylvania, Maryland, Delaware, Virginia, and New Jersey through 26 client solutions centers and www.linkbank.com. LINKBANCORP, Inc. common stock is traded on the Nasdaq Capital Market under the symbol "LNKB". For further company information, visit ir.linkbancorp.com.

1See Appendix A — Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure.

Page 7 of 18

Forward Looking Statements

This press release contains 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; risks related to the integration of the merger with Partners; the timing and receipt of regulatory approvals to complete the Branch Sale; changes in general economic trends, including inflation 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.

Given that the Company’s merger with Partners Bancorp (“Partners”) was completed on November 30, 2023 (the “Partners Merger”), reported results prior to the fourth quarter of 2023 included in the following tables reflect legacy LINKBANCORP results only.

LB-E

LB-D

1See Appendix A — Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure.

Page 8 of 18

LINKBANCORP, Inc. and Subsidiaries
Consolidated Balance Sheet (Unaudited)
	June 30, 2024			March 31, 2024			December 31, 2023			September 30, 2023			June 30, 2023
(In Thousands, except share and per share data)
ASSETS
Noninterest-bearing cash equivalents	$	14,516		$	13,552		$	13,089		$	5,447		$	4,736
Interest-bearing deposits with other institutions		167,141			158,731			67,101			62,532			118,438
Cash and cash equivalents		181,657			172,283			80,190			67,979			123,174
Certificates of deposit with other banks		—			—			—			249			498
Securities available for sale, at fair value		140,121			133,949			115,490			78,779			83,620
Securities held to maturity, net of allowance for credit losses		35,343			36,109			36,223			37,266			38,220
Loans receivable, gross		2,193,197			2,129,919			2,128,284			978,912			969,533
Allowance for credit losses - loans		(26,288	)		(23,842	)		(23,767	)		(9,964	)		(10,228	)
Loans receivable, net		2,166,909			2,106,077			2,104,517			968,948			959,305
Investments in restricted bank stock		4,928			4,286			3,965			3,107			5,544
Premises and equipment, net		18,364			20,102			20,130			6,414			6,292
Right-of-Use Asset – premises		13,970			14,577			15,497			9,727			9,896
Bank-owned life insurance		49,616			49,230			48,847			24,732			24,554
Goodwill and other intangible assets		82,129			81,494			82,701			36,715			36,774
Deferred tax asset		22,024			22,717			24,153			6,880			6,571
Assets held for sale		118,362			118,115			115,499			—			—
Accrued interest receivable and other assets		25,170			26,730			22,113			14,899			14,024
TOTAL ASSETS	$	2,858,593		$	2,785,669		$	2,669,325		$	1,255,695		$	1,308,472
LIABILITIES
Deposits:
Demand, noninterest bearing	$	661,292		$	618,277		$	624,780		$	210,404		$	240,729
Interest bearing		1,699,220			1,662,124			1,574,019			831,368			794,113
Total deposits		2,360,512			2,280,401			2,198,799			1,041,772			1,034,842
Long-term borrowings		40,000			40,000			—			—			74,899
Short-term borrowings		—			—			10,000			15,000			—
Note payable		578			584			590			—			—
Subordinated debt		61,706			61,573			61,444			40,354			40,398
Lease liabilities		14,746			15,357			16,361			9,728			9,896
Liabilities held for sale		96,916			105,716			99,777			—			—
Accrued interest payable and other liabilities		12,726			13,795			16,558			7,490			5,985
TOTAL LIABILITIES		2,587,184			2,517,426			2,403,529			1,114,344			1,166,020
SHAREHOLDERS’ EQUITY
Preferred stock		—			—			—			—			—
Common stock		370			369			369			162			162
Surplus		263,795			263,577			263,310			127,856			127,818
Retained earnings		10,826			7,724			4,843			19,062			19,039
Accumulated other comprehensive loss		(3,582	)		(3,427	)		(3,209	)		(5,729	)		(4,567	)
Total equity attributable to parent		271,409			268,243			265,313			141,351			142,452
Noncontrolling interest in consolidated subsidiary		—			—			483			—			—
TOTAL SHAREHOLDERS' EQUITY		271,409			268,243			265,796			141,351			142,452
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	2,858,593		$	2,785,669		$	2,669,325		$	1,255,695		$	1,308,472
Common shares outstanding		37,356,278			37,348,151			37,340,700			16,235,871			16,228,440

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LINKBANCORP, Inc. and Subsidiaries
Consolidated Statements of Operations (Unaudited)
	Three Months Ended							Six Months Ended
	6/30/2024		3/31/2024		6/30/2023				6/30/2024		6/30/2023
(In Thousands, except share and per share data)
INTEREST AND DIVIDEND INCOME
Loans receivable, including fees	$	36,112	$	36,125	$	12,499			$	72,237	$	24,261
Other		3,337		2,650		1,827				5,987		3,055
Total interest and dividend income		39,449		38,775		14,326				78,224		27,316
INTEREST EXPENSE
Deposits		13,071		11,847		5,242				24,918		9,759
Other Borrowings		932		1,086		558				2,018		645
Subordinated Debt		962		958		437				1,920		869
Total interest expense		14,965		13,891		6,237				28,856		11,273
NET INTEREST INCOME BEFORE    PROVISION FOR (CREDIT TO) CREDIT LOSSES		24,484		24,884		8,089				49,368		16,043
Provision for (credit to) credit losses		—		40		(493	)			40		(200	)
NET INTEREST INCOME AFTER    PROVISION FOR CREDIT LOSSES		24,484		24,844		8,582				49,328		16,243
NONINTEREST INCOME
Service charges on deposit accounts		865		780		197				1,645		396
Bank-owned life insurance		386		383		170				769		310
Net realized gains (losses) on the sale of debt securities		4		—		—				4		(2,370	)
Gain on sale of loans		12		50		296				62		296
Other		591		516		223				1,107		401
Total noninterest income		1,858		1,729		886				3,587		(967	)
NONINTEREST EXPENSE
Salaries and employee benefits		9,941		11,118		4,037				21,059		8,157
Occupancy		1,559		1,578		696				3,137		1,403
Equipment and data processing		1,824		1,826		893				3,650		1,586
Professional fees		788		748		418				1,536		799
FDIC insurance		545		352		184				897		343
Bank Shares Tax		760		591		278				1,351		556
Intangible amortization		1,204		1,207		59				2,411		120
Merger & restructuring expenses		631		56		315				687		902
Advertising		241		234		104				475		191
Other		1,407		1,540		832				2,947		1,496
Total noninterest expense		18,900		19,250		7,816				38,150		15,553
Income (loss) before income tax expense (benefit)		7,442		7,323		1,652				14,765		(277	)
Income tax expense (benefit)		1,638		1,597		305				3,235		(70	)
NET INCOME (LOSS)	$	5,804	$	5,726	$	1,347			$	11,530	$	(207	)
EARNINGS (LOSS) PER SHARE, BASIC	$	0.16	$	0.15	$	0.08			$	0.31	$	(0.01	)
EARNINGS (LOSS) PER SHARE, DILUTED	$	0.16	$	0.15	$	0.08			$	0.31	$	(0.01	)
WEIGHTED-AVERAGE COMMON SHARES    OUTSTANDING,
BASIC		36,970,768		36,962,005		16,228,069				36,966,371		15,856,574
DILUTED		37,040,748		37,045,230		16,228,069				37,042,895		15,856,574

Page 10 of 18

LINKBANCORP, Inc. and Subsidiaries
Financial Highlights (Unaudited)
	For the Three Months Ended									For the Six Months Ended
('Dollars In Thousands, except per share data)	6/30/2024			3/31/2024			6/30/2023			6/30/2024			6/30/2023
Operating Highlights
Net Income (loss)	$	5,804		$	5,726		$	1,347		$	11,530		$	(207	)
Net Interest Income		24,484			24,884			8,089			49,368			16,043
Provision for (credit to) Credit Losses		-			40			(493	)		40			(200	)
Non-Interest Income		1,858			1,729			886			3,587			(967	)
Non-Interest Expense		18,900			19,250			7,816			38,150			15,553
Earnings (loss) per Share, Basic		0.16			0.15			0.08			0.31			(0.01	)
Adjusted Earnings per Share, Basic (2)		0.17			0.16			0.10			0.33			0.15
Earnings (loss) per Share, Diluted		0.16			0.15			0.08			0.31			(0.01	)
Adjusted Earnings per Share, Diluted (2)		0.17			0.16			0.10			0.33			0.15
Selected Operating Ratios
Net Interest Margin		3.83	%		4.03	%		2.81	%		3.92	%		2.86	%
Annualized Return on Assets ("ROA")		0.84	%		0.86	%		0.43	%		0.85	%		-0.03	%
Adjusted ROA2		0.91	%		0.86	%		0.51	%		0.89	%		0.39	%
Annualized Return on Equity ("ROE")		8.65	%		8.63	%		3.81	%		8.61	%		-0.30	%
Adjusted ROE2		9.39	%		8.70	%		4.51	%		9.04	%		3.42	%
Efficiency Ratio		71.75	%		72.33	%		87.09	%		72.04	%		103.16	%
Adjusted Efficiency Ratio3		69.34	%		72.12	%		83.58	%		70.75	%		83.98	%
Noninterest Income to Avg. Assets		0.27	%		0.26	%		0.28	%		0.26	%		-0.16	%
Noninterest Expense to Avg. Assets		2.73	%		2.88	%		2.51	%		2.80	%		2.56	%
	6/30/2024			3/31/2024			12/31/2023			9/30/2023			6/30/2023
Financial Condition Data
Total Assets	$	2,858,593		$	2,785,669		$	2,669,325		$	1,255,695		$	1,308,472
Loans Receivable, Net		2,166,909			2,106,077			2,104,517			968,948			959,305
Noninterest-bearing Deposits		661,292			618,277			624,780			210,404			240,729
Interest-bearing Deposits		1,699,220			1,662,124			1,574,019			831,368			794,113
Total Deposits		2,360,512			2,280,401			2,198,799			1,041,772			1,034,842
Selected Balance Sheet Ratios
Total Capital Ratio1		11.09	%		11.04	%		10.62	%		12.92	%		12.88	%
Tier 1 Capital Ratio1		10.30	%		10.24	%		9.92	%		12.37	%		12.29	%
Common Equity Tier 1 Capital Ratio1		10.30	%		10.24	%		9.92	%		12.37	%		12.29	%
Leverage Ratio1		9.17	%		9.23	%		14.13	%		10.71	%		10.41	%
Tangible Common Equity to Tangible Assets4		6.82	%		6.91	%		7.08	%		8.58	%		8.31	%
Tangible Book Value per Share5	$	5.07		$	5.00		$	4.90		$	6.44		$	6.51
Asset Quality Data
Non-performing Assets	$	10,589		$	6,675		$	7,250		$	2,958		$	2,856
Non-performing Assets to Total Assets		0.37	%		0.24	%		0.27	%		0.24	%		0.22	%
Non-performing Loans to Total Loans		0.48	%		0.31	%		0.34	%		0.30	%		0.29	%
Allowance for Credit Losses - Loans ("ACLL")	$	26,288		$	23,842		$	23,767		$	9,964		$	10,228
ACLL to Total Loans6		1.20	%		1.06	%		1.06	%		1.02	%		1.05	%
ACLL to Nonperforming Assets		248.26	%		357.18	%		327.82	%		336.85	%		358.12	%
Net (recoveries) chargeoffs	$	(20	)	$	70		$	195		$	(12	)	$	(97	)
(1) - These capital ratios have been calculated using bank-level capital
(2) - This is a non-GAAP financial measure. See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures at the end of this release.
(3) - The efficiency ratio, as adjusted represents noninterest expense divided by the sum of net interest income and noninterest income, excluding gains or losses from securities sales and merger related expenses. This is a non-GAAP financial measure. See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures at the end of this release.

Page 11 of 18

(4) - We calculate tangible common equity as total shareholders' equity less goodwill and other intangibles, and we calculate tangible assets as total assets less goodwill and other intangibles. This is a non-GAAP financial measure. See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures at the end of this release.

(5) - We calculate tangible book value per common share as total shareholders' equity less goodwill and other intangibles, divided by the outstanding number of shares of our common stock at the end of the relevant period. Tangible book value per common share is a non-GAAP financial measure, and, as we calculate tangible book value per common share, the most directly comparable GAAP financial measure is book value per common share. See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures at the end of this release.

(6) - The historical ratios have not been recast for the reclassification of loans held for sale.

LINKBANCORP, Inc. and Subsidiaries
Net Interest Margin - Quarter-To-Date (Unaudited)
	For the Three Months Ended June 30,
	2024								2023
(Dollars in thousands)	Avg Bal		Interest (2)			Yield/Rate			Avg Bal		Interest (2)			Yield/Rate
Int. Earn. Cash	$	121,340	$	1,395			4.62	%	$	66,149	$	708			4.29	%
Securities
Taxable (1)		125,885		1,592			5.09	%		86,366		822			3.82	%
Tax-Exempt		41,776		443			4.26	%		39,139		378			3.87	%
Total Securities		167,661		2,035			4.88	%		125,505		1,200			3.84	%
Total Cash Equiv. and Investments		289,001		3,430			4.77	%		191,654		1,908			3.99	%
Total Loans (3)(4)		2,280,041		36,112			6.37	%		963,824		12,499			5.20	%
Total Earning Assets		2,569,042		39,542			6.19	%		1,155,478		14,407			5.00	%
Other Assets		212,097								95,531
Total Assets	$	2,781,139							$	1,251,009
Interest bearing demand(5)	$	446,109	$	2,457			2.22	%	$	243,539	$	1,261			2.08	%
Money market demand(5)		581,223		3,271			2.26	%		244,355		1,589			2.61	%
Time deposits(5)		642,919		7,343			4.59	%		299,398		2,392			3.20	%
Total Borrowings		151,596		1,894			5.02	%		95,792		995			4.17	%
Total Interest-Bearing Liabilities		1,821,847		14,965			3.30	%		883,084		6,237			2.83	%
Non Interest-Bearing Deposits(5)		657,939								209,072
Total Cost of Funds	$	2,479,786	$	14,965			2.43	%	$	1,092,156	$	6,237			2.29	%
Other Liabilities		31,519								17,073
Total Liabilities	$	2,511,305							$	1,109,229
Shareholders' Equity	$	269,834							$	141,780
Total Liabilities & Shareholders' Equity	$	2,781,139							$	1,251,009
Net Interest Income/Spread (FTE)				24,577			2.89	%				8,170			2.17	%
Tax-Equivalent Basis Adjustment				(93	)							(81	)
Net Interest Income			$	24,484							$	8,089
Net Interest Margin							3.83	%							2.81	%
(1) Taxable income on securities includes income from available for sale securities and income from certificates of deposits with other banks.
(2) Income stated on a tax equivalent basis which is a non-GAAP measure and reconciled to GAAP at the bottom of the table
(3) Includes the balances of nonaccrual loans
(4) Includes the balances of loans held for sale
(5) Includes the balances of deposits held for sale

Page 12 of 18

LINKBANCORP, Inc. and Subsidiaries
Net Interest Margin - Linked Quarter-To-Date (Unaudited)
	For the Three Months Ended
	June 30, 2024								March 31, 2024
(Dollars in thousands)	Avg Bal		Interest (2)			Yield/Rate			Avg Bal		Interest (2)			Yield/Rate
Int. Earn. Cash	$	121,340	$	1,395			4.62	%	$	82,420	$	898			4.38	%
Securities
Taxable (1)		125,885		1,592			5.09	%		114,896		1,391			4.87	%
Tax-Exempt		41,776		443			4.26	%		42,984		457			4.28	%
Total Securities		167,661		2,035			4.88	%		157,880		1,848			4.71	%
Total Cash Equiv. and Investments		289,001		3,430			4.77	%		240,300		2,746			4.60	%
Total Loans (3)(4)		2,280,041		36,112			6.37	%		2,240,714		36,125			6.48	%
Total Earning Assets		2,569,042		39,542			6.19	%		2,481,014		38,871			6.30	%
Other Assets		212,097								210,826
Total Assets	$	2,781,139							$	2,691,840
Interest bearing demand(5)	$	446,109	$	2,457			2.22	%	$	424,781	$	1,942			1.84	%
Money market demand(5)		581,223		3,271			2.26	%		587,455		3,174			2.17	%
Time deposits(5)		642,919		7,343			4.59	%		608,192		6,731			4.45	%
Total Borrowings		151,596		1,894			5.02	%		140,621		2,044			5.85	%
Total Interest-Bearing Liabilities		1,821,847		14,965			3.30	%		1,761,049		13,891			3.17	%
Non Interest-Bearing Deposits(5)		657,939								632,637
Total Cost of Funds	$	2,479,786	$	14,965			2.43	%	$	2,393,686	$	13,891			2.33	%
Other Liabilities		31,519								31,359
Total Liabilities	$	2,511,305							$	2,425,045
Shareholders' Equity	$	269,834							$	266,795
Total Liabilities & Shareholders' Equity	$	2,781,139							$	2,691,840
Net Interest Income/Spread (FTE)				24,577			2.89	%				24,980			3.13	%
Tax-Equivalent Basis Adjustment				(93	)							(96	)
Net Interest Income			$	24,484							$	24,884
Net Interest Margin							3.83	%							4.03	%
(1) Taxable income on securities includes income from available for sale securities and income from certificates of deposits with other banks.
(2) Income stated on a tax equivalent basis which is a non-GAAP measure and reconciled to GAAP at the bottom of the table
(3) Includes the balances of nonaccrual loans
(4) Includes the balances of loans held for sale
(5) Includes the balances of deposits held for sale

Page 13 of 18

LINKBANCORP, Inc. and Subsidiaries
Net Interest Margin - Year-To-Date (Unaudited)
	For the Six Months Ended June 30,
	2024								2023
(Dollars in thousands)	Avg Bal		Interest (2)			Yield/Rate			Avg Bal		Interest (2)			Yield/Rate
Int. Earn. Cash	$	102,471	$	2,293			4.50	%	$	55,618	$	983			3.56	%
Securities
Taxable (1)		121,333		2,983			4.94	%		84,101		1,475			3.54	%
Tax-Exempt		42,344		900			4.27	%		38,774		756			3.93	%
Total Securities		163,677		3,883			4.77	%		122,875		2,231			3.66	%
Total Cash Equiv. and Investments		266,148		6,176			4.67	%		178,493		3,214			3.63	%
Total Loans (3)(4)		2,263,595		72,237			6.42	%		952,142		24,261			5.14	%
Total Earning Assets		2,529,743		78,413			6.23	%		1,130,635		27,475			4.90	%
Other Assets		211,138								93,481
Total Assets	$	2,740,881							$	1,224,116
Interest bearing demand(5)	$	437,011	$	4,400			2.02	%	$	246,235	$	2,449			2.01	%
Money market demand(5)		584,121		6,445			2.22	%		245,747		2,939			2.41	%
Time deposits(5)		628,616		14,073			4.50	%		295,440		4,371			2.98	%
Total Borrowings		144,509		3,938			5.48	%		76,820		1,514			3.97	%
Total Interest-Bearing Liabilities		1,794,257		28,856			3.23	%		864,242		11,273			2.63	%
Non Interest-Bearing Deposits(5)		646,728								202,610
Total Cost of Funds	$	2,440,985	$	28,856			2.38	%	$	1,066,852	$	11,273			2.13	%
Other Liabilities		31,360								16,905
Total Liabilities	$	2,472,345							$	1,083,757
Shareholders' Equity	$	268,536							$	140,359
Total Liabilities & Shareholders' Equity	$	2,740,881							$	1,224,116
Net Interest Income/Spread (FTE)				49,557			3.00	%				16,202			2.27	%
Tax-Equivalent Basis Adjustment				(189	)							(159	)
Net Interest Income			$	49,368							$	16,043
Net Interest Margin							3.92	%							2.86	%
(1) Taxable income on securities includes income from available for sale securities and income from certificates of deposits with other banks.
(2) Income stated on a tax equivalent basis which is a non-GAAP measure and reconciled to GAAP at the bottom of the table
(3) Includes the balances of nonaccrual loans
(4) Includes the balances of loans held for sale
(5) Includes the balances of deposits held for sale

Page 14 of 18

LINKBANCORP, Inc. and Subsidiaries
Loans Receivable Detail (Unaudited)
(In Thousands)	June 30, 2024		March 31, 2024		December 31, 2023		September 30, 2023		June 30, 2023
Agriculture and farmland loans	$	66,937	$	67,359	$	65,861	$	50,584	$	50,552
Construction loans		201,174		194,391		178,483		65,836		75,628
Commercial & industrial loans		247,190		218,724		238,343		115,572		104,869
Commercial real estate loans
Multifamily		199,740		190,146		180,788		111,853		113,254
Owner occupied		492,065		489,467		501,732		160,929		154,520
Non-owner occupied		610,649		589,731		580,972		257,344		254,691
Residential real estate loans
First liens		400,098		403,300		402,433		172,481		170,271
Second liens and lines of credit		71,168		71,060		70,747		27,870		30,148
Consumer and other loans		15,514		16,810		16,756		11,869		11,308
Municipal loans		4,362		4,473		5,244		4,137		3,929
		2,308,897		2,245,461		2,241,359		978,475		969,170
Deferred costs		478		356		174		437		363
Total loans receivable		2,309,375		2,245,817		2,241,533		978,912		969,533

LINKBANCORP, Inc. and Subsidiaries
Deposits Detail (Unaudited)
(In Thousands)	June 30, 2024		March 31, 2024		December 31, 2023		September 30, 2023		June 30, 2023
Demand, noninterest-bearing	$	692,095	$	653,719	$	655,953	$	210,404	$	240,729
Demand, interest-bearing		488,043		447,412		438,765		273,673		237,114
Money market and savings		582,561		591,982		577,448		258,334		254,632
Time deposits, $250 and over		156,621		147,898		134,324		51,563		57,194
Time deposits, other		393,603		398,365		372,572		172,798		185,121
Brokered deposits		144,429		146,653		119,411		75,000		60,052
		2,457,352		2,386,029		2,298,473		1,041,772		1,034,842
Less: Deposits held for sale		96,840		105,628		99,674		—		—
Total deposits	$	2,360,512	$	2,280,401	$	2,198,799	$	1,041,772	$	1,034,842
Average Deposits Detail, for the Three Months Ended (Unaudited)
(In Thousands)	June 30, 2024		March 31, 2024		December 31, 2023		September 30, 2023		June 30, 2023
Demand, noninterest-bearing	$	657,939	$	632,637	$	371,051	$	209,054	$	209,072
Demand, interest-bearing		446,109		424,781		328,342		254,725		243,539
Money market and savings		581,223		587,455		367,821		254,849		244,355
Time deposits		547,582		518,929		317,747		236,869		236,059
Brokered deposits		95,337		89,263		30,832		28,705		63,339
Total deposits	$	2,328,190	$	2,253,065	$	1,415,793	$	984,202	$	996,364
Balances in table above include deposits held for sale

Page 15 of 18

LINKBANCORP, Inc. and Subsidiaries
Investments in Securities Detail (Unaudited)
	June 30, 2024
(In Thousands)	Amortized Cost		Net Unrealized Gains (Losses)			Fair Value
Available for Sale:
US Government Agency securities	$	12,841	$	115		$	12,956
US Government Treasury securities		3,979		(2	)		3,977
Obligations of state and political subdivisions		49,242		(3,826	)		45,416
Mortgage-backed securities in government-sponsored entities		80,363		(3,130	)		77,233
Other securities		550		(11	)		539
	$	146,975	$	(6,854	)	$	140,121
	Amortized Cost		Net Unrealized Gains (Losses)			Fair Value		Allowance for Credit Losses
Held to Maturity:
Corporate debentures	$	15,000	$	(1,794	)	$	13,206	$	(502	)
Structured mortgage-backed securities		20,845		(843	)		20,002		-
	$	35,845	$	(2,637	)	$	33,208	$	(502	)
	December 31, 2023
(In Thousands)	Amortized Cost		Net Unrealized Gains (Losses)			Fair Value
Available for Sale:
US Government Agency securities	$	12,711	$	274		$	12,985
US Government Treasury securities		4,925		17			4,942
Obligations of state and political subdivisions		49,640		(2,595	)		47,045
Mortgage-backed securities in government-sponsored entities		50,795		(2,614	)		48,181
Other securities		2,301		36			2,337
	$	120,372	$	(4,882	)	$	115,490
	Amortized Cost		Net Unrealized Gains (Losses)			Fair Value		Allowance for Credit Losses
Held to Maturity:
Corporate debentures	$	15,000	$	(1,592	)	$	13,408	$	(512	)
Structured mortgage-backed securities		21,735		(907	)		20,828		-
	$	36,735	$	(2,499	)	$	34,236	$	(512	)

Page 16 of 18

Appendix A – Reconciliation to Non-GAAP Financial Measures

This document contains supplemental financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Management uses these non-GAAP measures in its analysis of the Company’s performance. These measures 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. Management believes the presentation of non-GAAP financial measures that exclude the impact of specified items provide useful supplemental information that is essential to a proper understanding of the Company’s financial condition and results. Non-GAAP measures are not formally defined under GAAP, and other entities may use calculation methods that differ from those used by us. As a complement to GAAP financial measures, our management believes these non-GAAP financial measures assist investors in comparing the financial condition and results of operations of financial institutions due to the industry prevalence of such non-GAAP measures. See the tables below for a reconciliation of these non-GAAP measures to the most directly comparable GAAP financial measures.

Adjusted Return on Average Assets
	For the Three Months Ended									For the Six Months Ended
(Dollars in thousands)	6/30/2024			3/31/2024			6/30/2023			6/30/2024			6/30/2023
Net income (loss)	$	5,804		$	5,726		$	1,347		$	11,530		$	(207	)
Average assets		2,781,139			2,691,840			1,251,009			2,740,881			1,224,116
Return on average assets (annualized)		0.84	%		0.86	%		0.43	%		0.85	%		-0.03	%
Net income (loss)		5,804			5,726			1,347			11,530			(207	)
Net (gains) losses on sale of securities		(4	)		-			-			(4	)		2,370
Tax effect at 21%		1			-			-			1			(498	)
Merger & restructuring expenses		631			56			315			687			902
Tax effect at 21%		(133	)		(12	)		(66	)		(144	)		(189	)
Adjusted Net Income (Non-GAAP)		6,299			5,770			1,596			12,070			2,378
Average assets		2,781,139			2,691,840			1,251,009			2,740,881			1,224,116
Adjusted return on average assets (annualized) (Non-GAAP)		0.91	%		0.86	%		0.51	%		0.89	%		0.39	%

Page 17 of 18

Adjusted Return on Average Shareholders' Equity
	For the Three Months Ended									For the Six Months Ended
(Dollars in thousands)	6/30/2024			3/31/2024			6/30/2023			6/30/2024			6/30/2023
Net income (loss)	$	5,804		$	5,726		$	1,347		$	11,530		$	(207	)
Average shareholders' equity		269,834			266,795			141,780			268,536			140,359
Return on average shareholders' equity (annualized)		8.65	%		8.63	%		3.81	%		8.61	%		-0.30	%
Net income (loss)		5,804			5,726			1,347			11,530			(207	)
Net (gains) losses on sale of securities		(4	)		-			-			(4	)		2,370
Tax effect at 21%		1			-			-			1			(498	)
Merger & restructuring expenses		631			56			315			687			902
Tax effect at 21%		(133	)		(12	)		(66	)		(144	)		(189	)
Adjusted Net Income (Non-GAAP)		6,299			5,770			1,596			12,070			2,378
Average shareholders' equity		269,834			266,795			141,780			268,536			140,359
Adjusted return on average shareholders' equity (annualized) (Non-GAAP)		9.39	%		8.70	%		4.51	%		9.04	%		3.42	%

Adjusted Efficiency Ratio
	For the Three Months Ended									For the Six Months Ended
(Dollars in thousands)	6/30/2024			3/31/2024			6/30/2023			6/30/2024			6/30/2023
GAAP-based efficiency ratio		71.75	%		72.33	%		87.09	%		72.04	%		103.16	%
Net interest income	$	24,484		$	24,884		$	8,089		$	49,368		$	16,043
Noninterest income		1,858			1,729			886			3,587			(967	)
Less: net gains (losses) on sales of securities		4			-			-			4			(2,370	)
Adjusted revenue (Non-GAAP)		26,346			26,613			8,975			52,951			17,446
Total noninterest expense		18,900			19,250			7,816			38,150			15,553
Less: Merger & restructuring expenses		631			56			315			687			902
Adjusted non-interest expense		18,269			19,194			7,501			37,463			14,651
Efficiency ratio, as adjusted (Non-GAAP)		69.34	%		72.12	%		83.58	%		70.75	%		83.98	%

Adjusted Earnings Per Share
	For the Three Months Ended									For the Six Months Ended
(Dollars in thousands, except per share data)	6/30/2024			3/31/2024			6/30/2023			6/30/2024			6/30/2023
GAAP-Based Earnings (Loss) Per Share, Basic	$	0.16		$	0.15		$	0.08		$	0.31		$	(0.01	)
GAAP-Based Earnings (Loss) Per Share, Diluted	$	0.16		$	0.15		$	0.08		$	0.31		$	(0.01	)
Net Income (Loss)	$	5,804		$	5,726		$	1,347		$	11,530		$	(207	)
Net (gains) losses on sale of securities		(4	)		-			-			(4	)		2,370
Tax effect at 21%		1			-			-			1			(498	)
Merger & restructuring expenses		631			56			315			687			902
Tax effect at 21%		(133	)		(12	)		(66	)		(144	)		(189	)
Adjusted Net Income (Non-GAAP)		6,299			5,770			1,596			12,070			2,378
Adjusted Earnings per Share, Basic (Non-GAAP)	$	0.17		$	0.16		$	0.10		$	0.33		$	0.15
Adjusted Earnings per Share, Diluted (Non-GAAP)	$	0.17		$	0.16		$	0.10		$	0.33		$	0.15

Page 18 of 18

Tangible Common Equity and Tangible Book Value
	6/30/2024			3/31/2024			12/31/2023			9/30/2023			6/30/2023
Tangible Common Equity	(Dollars in thousands, except for share data)
Total shareholders’ equity	$	271,409		$	268,243		$	265,796		$	141,351		$	142,452
Adjustments:
Goodwill		(58,806	)		(56,968	)		(56,968	)		(35,842	)		(35,842	)
Other intangible assets		(23,323	)		(24,526	)		(25,733	)		(873	)		(932	)
Tangible common equity (Non-GAAP)	$	189,280		$	186,749		$	183,095		$	104,636		$	105,678
Common shares outstanding		37,356,278			37,348,151			37,340,700			16,235,871			16,228,440
Book value per common share	$	7.27		$	7.18		$	7.12		$	8.71		$	8.78
Tangible book value per common share (Non-GAAP)	$	5.07		$	5.00		$	4.90		$	6.44		$	6.51
Tangible Assets
Total assets	$	2,858,593		$	2,785,669		$	2,669,325		$	1,255,695		$	1,308,472
Adjustments:
Goodwill		(58,806	)		(56,968	)		(56,968	)		(35,842	)		(35,842	)
Other intangible assets		(23,323	)		(24,526	)		(25,733	)		(873	)		(932	)
Tangible assets (Non-GAAP)	$	2,776,464		$	2,704,175		$	2,586,624		$	1,218,980		$	1,271,698
Tangible common equity to tangible assets (Non-GAAP)		6.82	%		6.91	%		7.08	%		8.58	%		8.31	%

Adjusted Pre-tax, Pre-provision Net Income (Non-GAAP)
	For the Three Months Ended									For the Six Months Ended
(Dollars in thousands, except per share data)	6/30/2024			3/31/2024			6/30/2023			6/30/2024			6/30/2023
Net Income (Loss) - GAAP	$	5,804		$	5,726		$	1,347		$	11,530		$	(207	)
Net (gains) losses on sale of securities		(4	)		-			-			(4	)		2,370
Tax effect at 21%		1			-			-			1			(498	)
Merger & restructuring expenses		631			56			315			687			902
Tax effect at 21%		(133	)		(12	)		(66	)		(144	)		(189	)
Adjusted Net Income (Non-GAAP)		6,299			5,770			1,596			12,070			2,378
Income tax expense (benefit)		1,638			1,597			305			3,235			(70	)
Provision for (credit to) credit losses		-			40			(493	)		40			(200	)
Tax effect included in Adjusted Net Income		132			12			66			143			687
Adjusted Pre-tax, Pre-provision Net Income (Non-GAAP)	$	8,069		$	7,419		$	1,474		$	15,488		$	2,795

EX-99.2

July 2024 SECOND QUARTER 2024 Nasdaq: LNKB ir.linkbancorp.com

IMPORTANT INFORMATION / DISCLAIMERS LINKBANCORP, Inc. (Nasdaq: LNKB) (“LINKBANCORP” or the “Company”) is the parent company of LINKBANK (the “Bank”). Company and Bank data reflect the November 30, 2023 effective date of Partners Bancorp, Inc. (“Partners”) merger with and into the Company and the merger of Partners Bancorp’s the Bank of Delmarva & Virginia Partners Bank subsidiaries with and into LINKBANK (the “Merger”). Given that the Merger with Partners was completed on November 30, 2023, fourth quarter 2023 results do not represent a full quarter of comparable combined earnings. Reported results prior to the fourth quarter of 2023 reflect legacy LINKBANCORP results only. Financial data for the most recent quarter (“MRQ”) and last twelve months (“LTM”) is for periods ended June 30, 2024. Market-pricing data is as of July 26, 2024 (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; risks related to the integration of the Merger with Partners; the timing and receipt of regulatory approvals to complete the pending sale of three New Jersey branches and associated loans and deposits; changes in general economic trends, including inflation 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.

Organized in 2018 with acquisition and recapitalization of distressed Stonebridge Bank High quality talent, strong culture & relationship-oriented business model Core focus on organic growth and improving profitability through operating leverage LNKB FINANCIAL HIGHLIGHTS Total Assets $2.86 B Market Capitalization $276.4 M Total Loans $2.19 B Dividend Yield 4.05% Total Deposits $2.36 B Insider Ownership 33.5% ROA (MRQ, annualized) 0.84% ROE (MRQ, annualized) 8.65% ROTCE* (MRQ, annualized) 12.37% Company data as of most recent quarter 6/30/24 (“MRQ”) end and market data as of July 26, 2024.      *Refer to appendix for reconciliation of this non-GAAP financial measure to its comparable GAAP measures M&A HISTORY  MID-ATLANTIC GROWTH FRANCHISE ACQUIROR BANK TARGET BANKS TRANSACTION ANNOUNCE DATE TRANSACTION CLOSE DATE TARGET TOTAL ASSETS AT ANNOUNCE 1. 6/26/2018 10/5/2018 $58 M 2. 12/10/2020 9/18/2021 $437 M 3. 2/22/2023 11/30/2023 $1.6 B LINKBANK is a premier Mid-Atlantic community bank, serving clients throughout central and southeast Pennsylvania, Maryland, Delaware, northern Virginia, and New Jersey.​

KRISTOFER PAUL - CFO | LINKBANCORP 20 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 magazine TIFFANIE 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 27 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 Bancshares BRENT SMITH - President | LINKBANK Consistent leader in growth initiatives with 19 years of banking experience Been involved in M&A of more than 5 companies with aggregate deal value surpassing $700 million Led on transformational acquisitions, private placements, debt issuances and branch acquisitions DEE BONORA - Chief Operations and Technology Officer  | LINKBANCORP 20+ YEAR HISTORY OF WORKING TOGETHER IN THE MID ATLANTIC REGION 21 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 $700M 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 29 years of technology experience in highly regulated industries also includes Orrstown Bank and Rite Aid Corp ANDREW SAMUEL - CEO | LINKBANCORP & LINKBANK  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

OUR KEY ACCOMPLISHMENTS GROWTH IN TOTAL ASSETS* ($ IN MILLIONS) 2018 2019 2021 2020 2022 GNBF merger 2018 Closed acquisition of Stonebridge Bank - Total assets were $83.7 million JAN 2019 Completed $45.5 million common stock private placement JUNE 2019 Opened Client Solutions Centers in Camp Hill and Lancaster FALL 2020 Raised $5.0 million common stock private placement and issued $20.0 million in subordinated debt SEPT 2021 Completed merger with GNBF 2021 YEAR END Total assets at Dec 31, 2021 were $932.8 million and the Company achieved $788,000 in quarterly net income SEPT 2022 Completed Initial Public Offering, raising net proceeds of $34.7 million APRIL 2022 Completed a $20.0 million sub debt capital raise JAN 2022 Hired Regional Presidents for the York/Lancaster & Delaware Valley Regions DEC 2020 Crossed over $400 million in total assets 2020 YEAR END Announced our strategic merger with GNBF 2023 FEB 2023 Announced transformational merger with PTRS FEB 2023 Raised $10.0 million common stock private placement PTRS merger NOV 2023 Completed merger with PTRS *Measured as of 12/31

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 loyalty DIFFERENTIATED BRAND & CULTURE The LINKBANCORP corporate culture is a differentiating factor in the Company’s demonstrated growth and ability to gain market share.

MARKET FOCUS: PENNSYLVANIA & NEW JERSEY BRENT SMITH Market Leader &LINKBANK President Joined LINKBANK at its 2018 inception. More than 15 years of Pennsylvania banking experience and nearly two decades in the industry. 11 Pennsylvania and New Jersey client solution centers Regions including its West Chester office in the state’s highest-household-median income county, Chester County. 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. **Does not include purchase accounting TOTAL LOANS** AT 6/30/24 DEPOSITS* AT 6/30/24 *Does not include brokered deposits or professional services deposits. Includes deposits held for sale. Market includes the following counties: Cumberland, Dauphin, Schuylkill, Chester, Lancaster, Northumberland, York, Burlington, and Camden. Includes loans and deposits related to the pending sale of New Jersey operations.

MARKET FOCUS: MARYLAND & DELAWARE JOHN BREDA Maryland & Delaware Market CEO Joined LINKBANK through merger with Partners, where he served as President & CEO, and subsidiary the Bank of Delmarva. More than 29 years of Maryland and Delaware banking experience and 38 years of industry experience. 11 Maryland and Delaware client solution centers 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. **Does not include purchase accounting TOTAL LOANS** AT 6/30/24 DEPOSITS* AT 6/30/24 *Does not include brokered deposits or professional services deposits Market includes the following counties: Sussex, Wicomico, Charles, Worcester, and Anne Arundel

MARKET FOCUS: VIRGINIA ADAM NALLS Virginia Market CEO DAVID TALEBIAN Virginia Market President LOANS* 4 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. DEPOSITS Joined 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. **Does not include purchase accounting TOTAL LOANS** AT 6/30/24 DEPOSITS* AT 6/30/24 *Does not include brokered deposits or professional services deposits Market includes the following counties: Fredericksburg (City), Spotsylvania and Fairfax

*Pro forma for the effect of the sale of the three branches in New Jersey and the associated held for sale deposits. 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, and innovative technology. AT THE END OF Q2 2024, LINKBANCORP: Maintained 26 client solutions centers, following the consolidation of three client solution centers in Pennsylvania and Maryland, as announced in March 2024. DURING 2024, LINKBANCORP INTENDS TO: Complete sale of New Jersey operations, including three branches and associated loans and deposits. Implement optimized client solution center operating hours. Relocate and convert the Annapolis MD loan production office into a full-service client solutions center by year end, enhancing growth initiatives and capabilities in Central Maryland. 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 at least $100 million. EXECUTING A BRANCH-LITE STRATEGY +

SECOND QUARTER 2024 HIGHLIGHTS2 Total loans3 increased $63.6 million over the quarter to $2.31 billion at June 30, 2024, led by $28.5 million in commercial & industrial loans over the period Total deposits3 increased $71.3 million to $2.46 billion at June 30, 2024 compared to $2.39 billion at March 31, 2024 Noninterest bearing deposits increased $38.4 million from $653.7 million at March 31, 2024 to $692.1 million at June 30, 2024 Noninterest expense decreased $350 thousand quarter over quarter to $18.9 million in the second quarter of 2024 Net income equaled $5.80 million with adjusted pre-tax pre-provision net income of $8.07 million for the second quarter1 Annualized return on assets and adjusted return on assets1 were 0.84% and 0.91% for the second quarter, respectively BALANCE SHEET INCOME STATEMENT $24.5 million in net interest income Noninterest income of $1.9 million Net income of $5.8 million and adjusted net income1 of $6.3 million for the second quarter EPS of $0.16 per share and adjusted EPS1 of $0.17 per share SECOND QUARTER 2024 $2.86 billion total assets $26.3 million allowance for credit losses - loans Total shareholders’ equity of $271.4 million 3.83% Net Interest Margin 0.84% Return on Assets 8.65% 12.37% ROE ROTCE1 71.75% Efficiency Ratio $7.27 $5.07 BVPS TBVPS1 $0.16 Earnings per Share 1 See appendix for reconciliation of this non-GAAP financial measure to its comparable GAAP measure. 2 Balance Sheet comparison between June 30, 2024 and March 31, 2024 and comparisons between Q2 2024 and Q2 2023. 3 Total loans and total deposits include balances held for sale in connection with the pending sale of three New Jersey branches of $116.2 million and $96.8 million at end of period June 30, 2024. These balances in the first quarter of 2024 were $115.9 million and $105.6 million respectively at end of period March 31, 2024.

*See appendix for reconciliation of this non-GAAP financial measure to its comparable GAAP measure. REVENUE & EARNINGS SECOND QUARTER 2024 Net Interest Income $24.5 million Net Income $5.8 million Noninterest Income $1.9 million Adjusted Net Income* $6.3 million Diluted EPS $0.16 Adjusted EPS* $0.17 GAAP Comparisons Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Net Income ($000s) 1,347 1,240 (12,997) 5,726 5,804 EPS ($) 0.08 0.08 (0.56) 0.15 0.16

SECOND QUARTER 2024 HIGHLIGHTS* Net interest income impacted by quarter-over-quarter decline of $568 thousand in purchase accounting accretion Cost of funds increased to 2.43% for the second quarter of 2024 compared to 2.33% for the first quarter of 2024, reflecting continued pressure from competition for deposits NET INTEREST MARGIN *Comparisons between Q2 2024 and Q1 2024

Completed consolidation of three Client Solution Centers as of June 30, 2024, with approximately $520 thousand in one-time charges Noninterest expense decreased $350 thousand to $18.9 million in the second quarter of 2024 compared to $19.3 million in the second quarter of 2024. Adjusted noninterest expense was $18.3 million in the second quarter of 2024, a $925 thousand decrease compared to the first quarter of 2024 NONINTEREST EXPENSE *See appendix for reconciliation of this non-GAAP financial measure to its comparable GAAP measure.

SECOND QUARTER 2024 DEPOSIT TRENDS Cost of deposits was 2.26% for the second quarter 29.8% of total deposits* are noninterest bearing deposits. Expected to continue comparing favorably to $2B-$5B asset commercial bank peers PROFESSIONAL SERVICES DEPOSIT TRENDS Made up of primarily Title Insurance Companies and Law Offices Average deposits of $239.7 million for the second quarter of 2024 786 accounts at June 30, 2024 compared to 724 accounts at March 31, 2024 Average weighted cost of 2.00% for the second quarter of 2024 VALUABLE CORE DEPOSIT FRANCHISE *Includes deposits held for sale

SECOND QUARTER 2024 LOAN PORTFOLIO TRENDS Average yield on loans of 6.37%, inclusive of purchase accounting There is no concentration of commitments over 10% Total commercial loan commitments for the second quarter of $117.9 million with funded balances of $81.8 million.  Average commercial loan commitment originated during the second quarter of approximately $771 thousand with the average outstanding funded balance of $534 thousand. IN-MARKET, WELL-BALANCED LOAN PORTFOLIO **Does not include purchase accounting. Includes loans held for sale. OFFICE PORTFOLIO: Total office is approximately 7% of the entire portfolio Average LTV of approximately 60% Largest office loan = $7.7 million Approximately 79% of the office portfolio has personal guarantees Typical property types are small office buildings in non-urban markets within the Bank’s footprint *Includes consumer, agriculture, municipal, and other.

ASSET QUALITY

Committed to a quarterly dividend of $0.075 per share of common stock through the merger with GNB Financial in 2020 Capital ratios anticipated to increase with earnings growth trajectory $181.7 million cash & cash equivalents at June 30, 2024 Total available funding of $1.12 billion at June 30, 2024 CAPITAL MANAGEMENT AND LIQUIDITY *Wholesale deposit capacity is calculated as 10% of total deposits, less current outstanding brokered **See appendix for reconciliation of this non-GAAP financial measure to its comparable GAAP measure.

Targeted loan growth between 5% – 10% for 2024, excluding impact of loans held for sale Self-funding loan growth with organic deposit growth, with a targeted loan to deposit ratio between 90% - 95% Net Interest Margin expectation 3.90% - 3.95% for the full year 2024 (assumes no rate cuts in 2024) Goal of 1.15% ROA for 2024 Targeting noninterest expense to average assets of 2.60% - 2.65% Assume effective tax rate of 22% *Except otherwise noted, above assumes completion of New Jersey Branch Sale 2024 OUTLOOK* (Updated July 2024)

Strong alignment with shareholder returns – 33.5% insider ownership Disciplined underwriting & robust enterprise risk management Highly opportunistic M&A strategy with disciplined acquisition criteria Nimble and innovative tech operating platform focused on modular architecture and cloud-based infrastructure Focused organic growth strategy, uniquely positioned in the attractive and coveted mid-Atlantic market (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 focus Strong funding franchise coupled with best-in-class loan growth engine implementing a branch-lite model INVESTMENT RATIONALE

THANK YOU!

CONTACT US: NICOLE DAVIS Corporate & Investor Relations Officer IR@linkbancorp.com   |   (717) 803-8895

APPENDIX

NON-GAAP RECONCILIATION

NON-GAAP RECONCILIATION

NON-GAAP RECONCILIATION

NON-GAAP RECONCILIATION

NON-GAAP RECONCILIATION

NON-GAAP RECONCILIATION

XML

Document And Entity Information	Jul. 29, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jul. 29, 2024
Entity Registrant Name	LINKBANCORP, Inc.
Entity Central Index Key	0001756701
Entity Emerging Growth Company	true
Entity File Number	001-41505
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	82-5130531
Entity Address, Address Line One	1250 Camp Hill Bypass, Suite 202
Entity Address, City or Town	Camp Hill
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	17011
City Area Code	855
Local Phone Number	569-2265
Entity Information, Former Legal or Registered Name	Not Applicable
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Ex Transition Period	false
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	LNKB
Security Exchange Name	NASDAQ