CB Financial Services Inc.

$CBFV
Major Banks
Finance

CB Financial Services, Inc. operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products. Its loan products comprise residential real estate loans, such as one- to four-family mortgage loans, home equity installment loans, and home equity lines of credit; commercial real estate loans that are secured primarily by improved properties, such as retail facilities, office buildings, and other non-residential buildings; construction loans to individuals to finance the construction of residential dwellings, as well as for the construction of commercial properties, including hotels, apartment buildings, housing developments, and owner-occupied properties used for businesses; commercial and industrial loans, and lines of credit; consumer loans consisting of indirect auto loans, secured and unsecured loans, and lines of credit; and other loans. In addition, the company conducts insurance agency activities by offering property and casualty, commercial liability, surety, and other insurance products. It operates through its main office and twenty-one branch offices in Greene, Allegheny, Washington, Fayette, and Westmoreland counties in southwestern Pennsylvania; Brooke, Marshall, Ohio, Upshur, and Wetzel counties in West Virginia; and Belmont County in Ohio, as well as two loan production offices in Fayette and Allegheny County. The company was founded in 1901 and is headquartered in Carmichaels, Pennsylvania.

IPO Year:

Exchange: NASDAQ

Website: communitybank.tv

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Recent Analyst Ratings for CB Financial Services Inc.

DatePrice TargetRatingAnalyst
12/8/2023$25.00Neutral
Janney
8/16/2023$25.00Outperform → Mkt Perform
Keefe Bruyette
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CB Financial Services Inc. Press Releases

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  • CB Financial Services, Inc. Announces Annual Meeting Date

    CB Financial Services, Inc. (NASDAQGM:CBFV), the holding company of Community Bank, today announced that the annual meeting of stockholders will be held on Wednesday, May 21, 2025 at 9:00 a.m. EDT at the Ralph J. Sommers, Jr. Operations Center located at 600 EverGreene Dr. in Waynesburg, Pennsylvania. About CB Financial Services, Inc CB Financial Services, Inc. is the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank. Community Bank operates its branch network in southwestern Pennsylvania and West Virginia. Community Bank offers a broad array of retail and commercial lending and deposit services. For more information about CB Financial Services, Inc. and C

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank"), today announced its fourth quarter and 2024 financial results.   Three Months Ended   Year Ended   12/31/24 9/30/24 6/30/24 3/31/24 12/31/23   12/31/24 12/31/23 (Dollars in thousands, except per share data) (Unaudited)                                 Net Income (GAAP) $ 2,529   $ 3,219   $ 2,650 $ 4,196   $

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces Third Quarter and Year-to-Date 2024 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank"), today announced its third quarter and year-to-date 2024 financial results.   Three Months Ended   Nine Months Ended   9/30/24 6/30/24 3/31/24 12/31/23 9/30/23   9/30/24 9/30/23 (Dollars in thousands, except per share data) (Unaudited)                                 Net Income (GAAP) $ 3,219   $ 2,650 $ 4,196   $ 12,966   $ 2,672   $ 10,065   $ 9,586   Net Income Adjustments   (293 )   24  

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces Second Quarter and Year-to-Date 2024 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank"), today announced its second quarter and year-to-date 2024 financial results.   Three Months Ended   Six Months Ended   6/30/24 3/31/24 12/31/23 9/30/23 6/30/23   6/30/24 6/30/23 (Dollars in thousands, except per share data) (Unaudited)                                 Net Income (GAAP) $ 2,650 $ 4,196   $ 12,966   $ 2,672

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Authorizes New Stock Repurchase Program of up to 5% of Outstanding Common Stock

    CB Financial Services, Inc. (the "Company") (NASDAQ:CBFV), the holding company for Community Bank, announced today a program to repurchase up to 5% of the Company's outstanding shares of common stock. Based on the Company's closing stock price on July 22, 2024, the program, if fully completed, would encompass 257,095 shares, or approximately $6.0 million of shares currently outstanding. Repurchases will not occur until after the Company issues its earnings release for the quarter ended June 30, 2024, which the Company expects to do during the week of July 22nd. The repurchase program will terminate on July 25, 2025, regardless of whether all shares have been purchased. Repurchases may b

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces First Quarter 2024 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank"), today announced its first quarter 2024 financial results.   Three Months Ended   3/31/24 12/31/23 9/30/23 6/30/23 3/31/23 (Dollars in thousands, except per share data) (Unaudited)                     Net Income (GAAP) $ 4,196   $ 12,966   $ 2,672 $ 2,757 $ 4,156   Net Income Adjustments   (1,000 )   (9,905 )   29

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces Annual Meeting Date

    CB Financial Services, Inc. (NASDAQGM:CBFV), the holding company of Community Bank, today announced that the annual meeting of stockholders will be held on Wednesday, May 15, 2024 at 9:00 a.m. EDT at the Ralph J. Sommers, Jr. Operations Center located at 600 EverGreene Dr. in Waynesburg, Pennsylvania. About CB Financial Services, Inc CB Financial Services, Inc. is the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank. Community Bank operates its branch network in southwestern Pennsylvania and West Virginia. Community Bank offers a broad array of retail and commercial lending and deposit services. For more information about CB Financial Services, Inc. an

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank"), today announced its fourth quarter and 2023 financial results.   Three Months Ended   Year Ended   12/31/23 9/30/23 6/30/23 3/31/23 12/31/22   12/31/23 12/31/22 (Dollars in thousands, except per share data) (Unaudited)                                 Net Income (GAAP) $ 12,966   $ 2,672 $ 2,757   $

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Repositions Balance Sheet

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank"), implemented a balance sheet repositioning strategy of its portfolio of available-for-sale investment securities. The Bank sold $79.4 million in book value of its lower-yielding investment securities, with an average yield of 1.89%, for an estimated after-tax realized loss of $8.0 million. Investment securities sold included $49.0 million of U.S. government agency securities, $20.0 million of mortgage-backed securities issued by the U.S. government-sponsored agencies and $10.4 million of municipal securities. In addition, the Bank purchased $69.3 million of higher-yiel

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Completes Sale of Insurance Agency Subsidiary

    CB Financial Services, Inc. ("CB") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank"), and Exchange Underwriters, Inc. ("Exchange Underwriters"), the full-service independent insurance agency subsidiary of the Bank, announced today the completion of the sale of substantially all of the assets of Exchange Underwriters pursuant to the Asset Purchase Agreement with World Insurance Associates, LLC ("World") for a $30.5 million cash purchase price plus possible additional revenue-based earn-out payments. Dowling Hales acted as exclusive financial advisor and Luse Gorman, PC acted as legal counsel to CB. About CB Financial Services, Inc. CB Financial Services, Inc. is the b

    $CBFV
    Major Banks
    Finance

CB Financial Services Inc. Analyst Ratings

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CB Financial Services Inc. Insider Purchases

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CB Financial Services Inc. Insider Trading

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CB Financial Services Inc. SEC Filings

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CB Financial Services Inc. Leadership Updates

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  • CB Financial Services, Inc. Agrees to Sell Insurance Agency Subsidiary

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank") and Exchange Underwriters, Inc. ("Exchange Underwriters"), the full-service independent insurance agency subsidiary of the Bank announced today that the Bank and Exchange Underwriters have entered into an Asset Purchase Agreement (the "Purchase Agreement") with World Insurance Associates, LLC ("World") for a $30.5 million cash purchase price plus possible additional revenue-based earn-out payments. The transaction is subject to customary closing conditions and is anticipated to be completed in the fourth quarter of 2023. Key Highlights: CBs' growth of Exchange Underwr

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces the Retirement of Ralph J. Sommers From the Board of Directors

    CB Financial Services, Inc. (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank") and Exchange Underwriters, Inc., a wholly-owned subsidiary of the Bank, announced today that Ralph J. Sommers, Jr. retired from the Board of Directors when his term expired at today's Annual Shareholders' Meeting after having served Community Bank for 42 years. On behalf of the Board and the many employees of Community Bank, its customers and friends that Ralph has known over the last five decades, we offer this tribute to Ralph's outstanding service to the Bank. Ralph joined the Board of Directors of the First National Bank of Carmichaels in 1983. He became President & CEO in 1984 and Chairman

    $CBFV
    Major Banks
    Finance

CB Financial Services Inc. Financials

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  • CB Financial Services, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank"), today announced its fourth quarter and 2024 financial results.   Three Months Ended   Year Ended   12/31/24 9/30/24 6/30/24 3/31/24 12/31/23   12/31/24 12/31/23 (Dollars in thousands, except per share data) (Unaudited)                                 Net Income (GAAP) $ 2,529   $ 3,219   $ 2,650 $ 4,196   $

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces Third Quarter and Year-to-Date 2024 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank"), today announced its third quarter and year-to-date 2024 financial results.   Three Months Ended   Nine Months Ended   9/30/24 6/30/24 3/31/24 12/31/23 9/30/23   9/30/24 9/30/23 (Dollars in thousands, except per share data) (Unaudited)                                 Net Income (GAAP) $ 3,219   $ 2,650 $ 4,196   $ 12,966   $ 2,672   $ 10,065   $ 9,586   Net Income Adjustments   (293 )   24  

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces Second Quarter and Year-to-Date 2024 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank"), today announced its second quarter and year-to-date 2024 financial results.   Three Months Ended   Six Months Ended   6/30/24 3/31/24 12/31/23 9/30/23 6/30/23   6/30/24 6/30/23 (Dollars in thousands, except per share data) (Unaudited)                                 Net Income (GAAP) $ 2,650 $ 4,196   $ 12,966   $ 2,672

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces First Quarter 2024 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank"), today announced its first quarter 2024 financial results.   Three Months Ended   3/31/24 12/31/23 9/30/23 6/30/23 3/31/23 (Dollars in thousands, except per share data) (Unaudited)                     Net Income (GAAP) $ 4,196   $ 12,966   $ 2,672 $ 2,757 $ 4,156   Net Income Adjustments   (1,000 )   (9,905 )   29

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank"), today announced its fourth quarter and 2023 financial results.   Three Months Ended   Year Ended   12/31/23 9/30/23 6/30/23 3/31/23 12/31/22   12/31/23 12/31/22 (Dollars in thousands, except per share data) (Unaudited)                                 Net Income (GAAP) $ 12,966   $ 2,672 $ 2,757   $

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces Third Quarter and Year-to-Date 2023 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank") and Exchange Underwriters, Inc. ("EU"), a wholly-owned insurance subsidiary of the Bank, today announced its third quarter and year-to-date 2023 financial results. 2023 Third Quarter Financial Highlights (Comparisons to three months ended September 30, 2022 unless otherwise noted) Net income was $2.7 million, compared to $3.9 million. Current period results were negatively impacted by net interest margin (NIM) compression coupled with increases in the provision for credit losses and noninterest expense and a decrease in noninterest income, partially offset by a decr

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces Second Quarter and Year-to-Date 2023 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank") and Exchange Underwriters, Inc. ("EU"), a wholly-owned insurance subsidiary of the Bank, today announced its second quarter and year-to-date 2023 financial results. 2023 Second Quarter Financial Highlights (Comparisons to three months ended June 30, 2022 unless otherwise noted) Net income was $2.8 million, compared to $118,000. Prior period results were negatively impacted by provision for credit losses expense of approximately $3.8 million due primarily to a single commercial loan charge-off of $2.7 million. Current period results were positively impacted by net in

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces First Quarter 2023 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank") and Exchange Underwriters, Inc. ("EU"), a wholly-owned insurance subsidiary of the Bank, today announced its first quarter 2023 financial results.   Three Months Ended   3/31/23 12/31/22 9/30/22 6/30/22 3/31/22 (Dollars in thousands, except per share data) (Unaudited)                               Net Income (GAAP) $ 4,156   $ 4,152   $ 3,929   $ 118   $ 3,047  

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces Fourth Quarter and Full Year 2022 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank") and Exchange Underwriters, Inc. ("EU"), a wholly-owned insurance subsidiary of the Bank, today announced its fourth quarter and 2022 financial results.   Three Months Ended Year Ended   12/31/22 9/30/22 6/30/22 3/31/22 12/31/21 12/31/22 12/31/21 (Dollars in thousands, except per share data) (Unaudited)                               Net Income (GAAP) $ 4,152   $ 3,929   $ 118 $ 3,047 $ 6,965   $ 11,247  

    $CBFV
    Major Banks
    Finance
  • CB Financial Services, Inc. Announces Third Quarter and Year-to-Date 2022 Financial Results and Declares Quarterly Cash Dividend

    CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM:CBFV), the holding company of Community Bank (the "Bank") and Exchange Underwriters, Inc. ("EU"), a wholly-owned insurance subsidiary of the Bank, today announced its third quarter and year-to-date 2022 financial results.     Three Months Ended   Nine Months Ended     9/30/22   6/30/22   3/31/22   12/31/21   9/30/21   9/30/22   9/30/21 (Dollars in thousands, except per share data) (Unaudited)                                                           Net Income (GAAP)   $ 3,929     $ 118   $ 3,047   $ 6,965  

    $CBFV
    Major Banks
    Finance

CB Financial Services Inc. Large Ownership Changes

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