Welcome to our dedicated page for Cb Financl Srvcs news (Ticker: CBFV), a resource for investors and traders seeking the latest updates and insights on Cb Financl Srvcs stock.
CB Financial Services, Inc. (CBFV) news coverage centers on its activities as the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank. The company regularly issues press releases and SEC Form 8-K filings that provide detail on financial performance, balance sheet strategies, capital actions and governance developments.
Investors following CBFV news will see quarterly and year-to-date financial results that highlight net interest and dividend income, net interest margin, loan portfolio trends, deposit mix, provisions for credit losses and noninterest income and expense. Management commentary in these releases explains how changes in interest rates, funding costs, loan composition and investment securities affect earnings and asset quality.
News items also describe balance sheet repositioning initiatives, including the sale of lower-yielding available-for-sale securities and the purchase of higher-yielding mortgage-backed securities, municipal securities, subordinated debt investments and other securitizations. These announcements often include management’s expectations regarding net interest margin and earnings per share.
CB Financial Services, Inc. frequently reports on capital management actions such as stock repurchase programs and regular quarterly cash dividends, as well as updates on strategic programs like the Specialty Treasury Payments & Services initiative. Additional news may cover corporate governance matters, including the appointment of new directors to the Boards of CB Financial Services, Inc. and Community Bank and related bylaw amendments.
By reviewing the CBFV news feed, readers can track how the company’s commercial banking strategy, treasury initiatives, credit quality, funding mix and shareholder return policies evolve over time. This page brings together company-issued announcements and related regulatory disclosures so users can monitor key developments affecting CB Financial Services, Inc. and its banking subsidiary.
CB Financial Services (NASDAQ: CBFV) reported fourth quarter and full year 2024 financial results. Q4 net income was $2.5 million ($0.46 per diluted share), compared to $13.0 million in Q4 2023. Full-year 2024 net income was $12.6 million ($2.38 per diluted share), versus $22.6 million in 2023.
Key financial highlights include: net interest and dividend income increased 3.6% to $11.5 million in Q4 2024; total assets grew 1.8% to $1.48 billion; total loans decreased 1.6% to $1.09 billion, primarily due to the discontinuation of indirect automobile lending; and deposits increased by $16.4 million to $1.28 billion.
The company maintained strong asset quality with nonperforming loans at 0.16% of total loans. The Board declared a quarterly cash dividend of $0.25 per share, payable February 28, 2025.
CB Financial Services (NASDAQ: CBFV) reported Q3 2024 financial results with net income of $3.2 million, up from $2.7 million in Q3 2023. Earnings per diluted share increased to $0.60 from $0.52. Net interest and dividend income rose to $11.5 million from $10.7 million. Total assets grew 7.3% to $1.6 billion, while total loans decreased 4.0% to $1.07 billion. Total deposits increased to $1.35 billion. Asset quality remained strong with nonperforming loans at 0.19% of total loans. The company declared a quarterly cash dividend of $0.25 per share.
CB Financial Services, the holding company for Community Bank, announced its second quarter and year-to-date 2024 financial results. Key financial metrics show a slight decline in net income to $2.7 million from $2.8 million YoY. Adjusted net income also fell to $2.7 million. Earnings per share (EPS) dropped to $0.51 from $0.54, while adjusted EPS declined to $0.52 from $0.55. The net interest margin (NIM) decreased to 3.18% from 3.29%, despite an increase in net interest and dividend income to $11.5 million.
Total assets rose by $103.8 million to $1.6 billion, but total loans decreased by $31.7 million to $1.08 billion, largely from reduced consumer and commercial real estate loans. Total deposits increased by $82.6 million to $1.35 billion. The company declared a quarterly cash dividend of $0.25 per share, payable on August 30, 2024, to shareholders of record as of August 15, 2024.
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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