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CB Financial Services, Inc. - CBFV STOCK NEWS

Welcome to our dedicated page for CB Financial Services news (Ticker: CBFV), a resource for investors and traders seeking the latest updates and insights on CB Financial Services stock.

CB Financial Services, Inc. (PA) (symbol: CBFV) is a reputable entity in the financial sector, operating as a bank holding company. For over 110 years, the company has offered trusted and personalized services to local businesses, homeowners, and residents in Southwestern Pennsylvania. Through its wholly-owned subsidiary, Community Bank, a Pennsylvania-chartered commercial bank, the company provides a wide array of financial products and services.

Community Bank's offerings include residential and commercial real estate loans, commercial and industrial loans, and consumer loans, alongside a range of deposit products tailored for individuals and businesses. The bank is structured into two main segments: Community Banking and Insurance Brokerage Services. The Community Banking segment focuses on traditional banking operations, while the Insurance Brokerage Services segment offers insurance-related products.

The company prides itself on understanding the nuances of business relationship banking in its region. To enhance value for its clientele, CB Financial Services has established the Business Alliance Center. This center serves as a comprehensive source of information, offering educational seminars and premier networking events designed to foster business development and success.

Recent achievements and developments in the company highlight its ongoing commitment to growth and customer satisfaction. By generating revenue through interest, CB Financial Services continues to solidify its financial position, ensuring stability and reliable service for its customers.

Stay updated with the latest news and developments from CB Financial Services, Inc. to better understand their performance and strategic initiatives.

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CB Financial Services, Inc. (NASDAQ: CBFV), the holding company for Community Bank, has authorized a new stock repurchase program to buy back up to 5% of its outstanding common stock. Based on the July 22, 2024 closing price, this program could involve 257,095 shares, valued at approximately $6.0 million. The repurchase program will commence after the Q2 2024 earnings release and terminate on July 25, 2025. Repurchases may occur in open-market or private transactions, following a Rule 10b5-1 trading plan. The program can be suspended, terminated, or modified at any time and does not obligate the company to purchase a specific number of shares.

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CB Financial Services, Inc. announced its first quarter 2024 financial results, showing a net income of $4.20 million, an adjusted net income of $3.2 million, and earnings per diluted common share of $0.82. The company declared a $0.25 quarterly cash dividend per outstanding share of common stock. Key financial metrics saw both positive and negative changes compared to the previous quarter, with notable impacts from the sale of Exchange Underwriters and shifts in noninterest income and expense.

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CB Financial Services, Inc. (CBFV) schedules its annual stockholders meeting for May 15, 2024, at 9:00 a.m. EDT in Pennsylvania.
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CB Financial Services, Inc. announced its fourth quarter and 2023 financial results, with net income of $12.966 million, a 3.62% return on average assets, and a $0.25 quarterly cash dividend per outstanding share of common stock. The company reported increases in total assets, total loans, and noninterest income, but also a decline in net interest margin and total deposits.
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CB Financial Services, Inc. (NASDAQGM: CBFV) repositioned its investment securities portfolio, selling $79.4 million in lower-yielding securities and purchasing $69.3 million of higher-yielding mortgage-backed securities. President and CEO John H. Montgomery anticipates a significant earnings benefit, adding approximately 17 basis points to the net interest margin and approximately $0.36 to earnings per share. The company aims to enhance long-term shareholder value and improve earnings.
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CB Financial Services, Inc. (CBFV) completes the sale of assets of Exchange Underwriters, Inc. to World Insurance Associates, LLC for a $30.5 million cash purchase price with possible additional earn-out payments.
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CB Financial Services, Inc. (NASDAQGM: CBFV) announced the Asset Purchase Agreement with World Insurance Associates, LLC for a $30.5 million cash purchase price plus additional earn-out payments. The transaction is expected to be completed in the fourth quarter of 2023. The purchase price represents approximately 5.11x LTM Insurance Agency Revenue and approximately 26.08x September 30, 2023 LTM Insurance Agency Earnings. The net gain on sale, on an after-tax basis, is expected to be approximately $16.4 million, with a significant improvement in capital, tangible book value, and liquidity. Current leadership and employees of Exchange Underwriters are expected to join World.
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CB Financial Services, Inc. announces third quarter and year-to-date 2023 financial results with a decrease in net income, net interest margin, and noninterest income. Total assets decreased to $1.40 billion. Total loans increased by $52.6 million. Nonperforming loans to total loans decreased to 0.30%. Total deposits decreased to $1.24 billion. Book value per share increased to $22.43.
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FAQ

What does CB Financial Services, Inc. do?

CB Financial Services, Inc. operates as a bank holding company through its subsidiary, Community Bank, offering residential and commercial loans, industrial loans, consumer loans, and deposit products.

How long has CB Financial Services, Inc. been in operation?

CB Financial Services, Inc. has been providing outstanding, trusted, personal service for over 110 years.

What is the Business Alliance Center?

The Business Alliance Center is an initiative by CB Financial Services to provide information, educational seminars, and networking events for business development.

What are the main segments of CB Financial Services, Inc.?

The main segments include Community Banking and Insurance Brokerage Services.

Where is CB Financial Services, Inc. based?

CB Financial Services, Inc. operates primarily in Southwestern Pennsylvania through its subsidiary, Community Bank.

How does CB Financial Services, Inc. generate revenue?

The company generates its revenue primarily in the form of interest from its financial products and services.

What type of loans does Community Bank offer?

Community Bank offers residential and commercial real estate loans, commercial and industrial loans, as well as consumer loans.

Does CB Financial Services, Inc. offer deposit products?

Yes, the company offers a range of deposit products for both individuals and businesses.

What makes CB Financial Services, Inc. unique?

The company's deep understanding of Southwestern Pennsylvania and its focus on business relationship banking make it a trusted financial partner in the region.

How can I stay updated on CB Financial Services, Inc.'s latest news?

You can stay updated with the latest news and developments by following CB Financial Services, Inc. on financial news platforms and their official website.

CB Financial Services, Inc.

Nasdaq:CBFV

CBFV Rankings

CBFV Stock Data

120.07M
5.14M
9.77%
35.03%
0.08%
Commercial Banking
Finance and Insurance
Link
United States of America
CARMICHAELS