CBFV Announces $5M Share Repurchase Program Covering ~3.1% of Stock

Rhea-AI Filing Summary

CB Financial Services, Inc. authorized a stock repurchase program on September 4, 2025 to buy up to $5.0 million of its outstanding common stock. Based on the companys closing price on September 3, 2025, that repurchase capacity represents approximately 3.1% of shares outstanding. The 8-K states the repurchase program is described further in a September 4, 2025 press release, which is filed as an exhibit and incorporated by reference. The filing does not include details on timing, funding source, exact share count, or whether repurchases will be open-market, accelerated share repurchases, or another method.

Insights

Corporate Finance Analyst

TL;DR: Company approved a modest $5M buyback equal to ~3.1% of shares; details on execution and timing are not provided.

The authorization of a $5 million repurchase program is a discretionary capital-allocation move that can support share value or offset dilution when executed. The filing quantifies the authorization and gives a share-percent estimate based on the prior-day close, but it omits material execution details such as timing, duration, repurchase method, and funding source. For investors, the announcement is a clear corporate signal of available capital for buybacks, but the absence of operational specifics limits assessment of near-term impact on EPS or shares outstanding.

Corporate Governance Specialist

TL;DR: Board authorized repurchases up to $5M; governance disclosure meets 8-K exhibit requirements but lacks execution policy details.

The 8-K properly discloses the authorization and references a press release exhibit, satisfying short-form reporting obligations. From a governance standpoint, an explicit repurchase authorization indicates board-level approval to repurchase shares. However, the report does not include any repurchase plan specifics or guardrails (e.g., blackout periods, maximum daily purchases), which would commonly appear in more detailed disclosures or a board resolution summary. Stakeholders should review the attached press release for further operational information.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 4, 2025

CB FINANCIAL SERVICES, INC.

(Exact name of registrant as specified in its charter)

Commission file number: 001-36706

Pennsylvania						51-0534721
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

100 N. Market Street,

Carmichaels,

PA

15320

(Address of principal executive offices)

(Zip code)

(724)

966-5041

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Common stock, par value $0.4167 per share

CBFV

The Nasdaq Stock Market, LLC

(Title of each class)

(Trading symbol)

(Name of each exchange on which registered)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standard provided pursuant to Section 13(a) of the Exchange

Act.  ☐

Item 8.01.    Other Events

On September 4, 2025, CB Financial Services, Inc. (the “Company”) authorized a program to repurchase of up to $5 million of the Company’s outstanding common stock, which, based on the Company’s closing stock price on September 3, 2025, represents approximately 3.1% of the shares of common stock currently outstanding.

For additional information, reference is made to the Company’s press release dated September 4, 2025, which is attached hereto as an exhibit and incorporated herein by reference.

Item 9.01.    Financial Statements and Exhibits.

(a)Not applicable.

(b)Not applicable.

(c)Not applicable

(d)Exhibits

99.1    Press Release dated September 4, 2025

101    Cover Page Interactive Data File (embedded in Inline XBRL)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			CB FINANCIAL SERVICES, INC.
Date: September 4, 2025			By:			/s/ Amanda L. Engles
						Amanda L. Engles
						Senior Vice President and Interim Chief Financial Officer

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