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
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/8/2023 | $25.00 | Neutral | Janney |
| 8/16/2023 | $25.00 | Outperform → Mkt Perform | Keefe Bruyette |
3/A - CB Financial Services, Inc. (0001605301) (Issuer)
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4 - CB Financial Services, Inc. (0001605301) (Issuer)
4 - CB Financial Services, Inc. (0001605301) (Issuer)
4 - CB Financial Services, Inc. (0001605301) (Issuer)
4 - CB Financial Services, Inc. (0001605301) (Issuer)
4 - CB Financial Services, Inc. (0001605301) (Issuer)
4 - CB Financial Services, Inc. (0001605301) (Issuer)
4 - CB Financial Services, Inc. (0001605301) (Issuer)
4 - CB Financial Services, Inc. (0001605301) (Issuer)
Janney initiated coverage of CB Financial Service with a rating of Neutral and set a new price target of $25.00
Keefe Bruyette downgraded CB Financial Service from Outperform to Mkt Perform and set a new price target of $25.00
SC 13G - CB Financial Services, Inc. (0001605301) (Subject)
SCHEDULE 13G - CB Financial Services, Inc. (0001605301) (Subject)
10-Q - CB Financial Services, Inc. (0001605301) (Filer)
8-K - CB Financial Services, Inc. (0001605301) (Filer)
10-Q - CB Financial Services, Inc. (0001605301) (Filer)
8-K - CB Financial Services, Inc. (0001605301) (Filer)
8-K - CB Financial Services, Inc. (0001605301) (Filer)
S-8 - CB Financial Services, Inc. (0001605301) (Filer)
8-K - CB Financial Services, Inc. (0001605301) (Filer)
10-Q - CB Financial Services, Inc. (0001605301) (Filer)
DEFA14A - CB Financial Services, Inc. (0001605301) (Filer)
4 - CB Financial Services, Inc. (0001605301) (Issuer)
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
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
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
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 $
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
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
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
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
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
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 2022 financial results. Three Months Ended Six Months Ended 6/30/22 3/31/22 12/31/21 9/30/21 6/30/21 6/30/22 6/30/21 (Dollars in thousands, except per share data) (Unaudited) Net Income (Loss) (GAAP) $ 118 $ 3,047 $ 6,965 $
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
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
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
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
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
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
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
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 $
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
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
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
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
CB Financial Services (NASDAQ:CBFV) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.51 by 1.96 percent. This is a 5.45 percent decrease over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $12.158 million which missed the analyst consensus estimate of $12.300 million by 1.15 percent. This is a 9.19 percent decrease over sales of $13.389 million the same period last year.
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. The repurchase program will terminate on July 25, 2025, regardless of whether all shares have been purchased.
- Reuters
Keefe, Bruyette & Woods analyst Timothy Switzer reiterates CB Financial Services (NASDAQ:CBFV) with a Market Perform and lowers the price target from $26 to $24.
CB Financial Services (NASDAQ:CBFV) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.55 by 12.73 percent. This is a 19.48 percent decrease over earnings of $0.77 per share from the same period last year.
DA Davidson analyst Manuel Navas reiterates CB Financial Services (NASDAQ:CBFV) with a Neutral and maintains $24 price target.
CB Financial Services (NASDAQ:CBFV) reported quarterly earnings of $0.60 per share which missed the analyst consensus estimate of $2.22 by 72.97 percent. This is a 25 percent decrease over earnings of $0.80 per share from the same period last year.
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-yielding mo
Janney Montgomery Scott analyst Daniel Cardenas initiates coverage on CB Financial Services (NASDAQ:CBFV) with a Neutral rating and announces Price Target of $25.
CB Financial Services (NASDAQ:CBFV) reported quarterly earnings of $0.52 per share which missed the analyst consensus estimate of $0.58 by 10.34 percent. This is a 26.76 percent decrease over earnings of $0.71 per share from the same period last year.