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CB Financial Services Inc - CBFV STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CB Financial Services's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CB Financial Services's position in the market.

News
CB Financial Services, Inc. Announces Annual Meeting Date
Rhea-AI Summary
CB Financial Services, Inc. (CBFV) schedules its annual stockholders meeting for May 15, 2024, at 9:00 a.m. EDT in Pennsylvania.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.69%
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none
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News
CB Financial Services, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results and Declares Quarterly Cash Dividend
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.38%
Tags
dividends earnings
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News
CB Financial Services, Inc. Repositions Balance Sheet
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.36%
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none
News
CB Financial Services, Inc. Completes Sale of Insurance Agency Subsidiary
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
CB Financial Services, Inc. Agrees to Sell Insurance Agency Subsidiary
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
CB Financial Services, Inc. Announces Third Quarter and Year-to-Date 2023 Financial Results and Declares Quarterly Cash Dividend
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
dividends earnings
News
CB Financial Services, Inc. Announces Second Quarter and Year-to-Date 2023 Financial Results and Declares Quarterly Cash Dividend
Rhea-AI Summary
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End-of-Day
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dividends earnings
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CB Financial Services, Inc. Announces Completion of $7.5 Million Stock Repurchase Program
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.64%
Tags
buyback
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News
CORRECTING and REPLACING CB Financial Services, Inc. Announces Expiration of the $10.0 Million Stock Repurchase Program
Rhea-AI Summary
CB Financial Services, Inc. announced the expiration of its $10.0 million stock repurchase program. The program commenced on May 2, 2022, and expired on May 1, 2023. During this period, the company purchased 74,656 shares of its common stock at an average price of $22.38 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.64%
Tags
buyback
News
CB Financial Services, Inc. Announces First Quarter 2023 Financial Results and Declares Quarterly Cash Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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dividends earnings
Stock CBFV logo
CB Financial Services Inc

Nasdaq:CBFV

CBFV Rankings

#4173 Ranked by Market Cap
#2011 Ranked by Stock Gains
#718 Ranked by Dividends

CBFV Stock Data

109.75M
4.57M
10.69%
34.02%
0.16%
Commercial Banking
Finance and Insurance
Link
United States
Carmichaels

About CBFV

for over 110 years, community bank has been providing outstanding, trusted, personal service to local businesses, homeowners, friends and neighbors. we understand southwestern pennsylvania and proudly consider ourselves experts at “business relationship” banking. we have created the business alliance center to bring you even more value. the business alliance center will be your one-stop source of information, educational seminars and premier networking events to help you build a better business.