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  4. [8-K] CB Financial Services, Inc. Reports Material Event

CB Financial Services posts $5.33M Q3 2026 profit

Net interest and dividend income advanced 14.5% year over year, while the bank’s GAAP result moved from a loss to profit.

Filing Impact
(Moderate)
Filing Sentiment

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Form Type
8-K

Rhea-AI Filing Summary

CB Financial Services, Inc. (CBFV) reported third-quarter 2026 net income of $5.327 million, compared with a $5.696 million net loss a year earlier. Diluted GAAP earnings were $0.99 per share, versus a $1.07 loss per share. Adjusted net income, a non-GAAP measure, was $4.865 million and adjusted diluted EPS was $0.91.

Net interest and dividend income increased 14.5% to $14.998 million from $13.099 million; net interest margin rose to 3.75% from 3.64%. Nonperforming loans were 0.28% of total loans at September 30, 2026. Organic deposits totaled $1.331 billion, up $89.6 million from December 31, 2025, while brokered deposits were $10.0 million, down from $98.5 million.

The board declared a $0.28 quarterly cash dividend per share, payable on or about November 27, 2026, to stockholders of record at the close of business November 13, 2026. The Specialty Treasury program contributed $110.8 million in deposits since year-end; management said its contribution is expected to build as client relationships mature.

2 points · 0 major

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Positive

  • Moderate pointQuarterly net income was $5.327 million, versus a $5.696 million year-earlier loss.
  • Moderate pointNet interest and dividend income rose 14.5% year over year to $14.998 million.

Negative

  • None.

Filing Explained

September 30 book value was thirty dollars and sixty-seven cents per share versus thirty-one dollars and twenty-eight cents at year-end.

By September 30, 2026, the bank had replaced maturing brokered deposits with short-term FHLB borrowing: brokered deposits were $10 million, down from $98.5 million at year-end, and short-term borrowings stood at $79 million.

Book value per common share fell to $30.67 from $31.28 at year-end; the company cites increased accumulated other comprehensive losses as the main cause, alongside dividends and treasury-share purchases.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Net income (GAAP) $5.327 million Three months ended September 30, 2026; compared with a $5.696 million net loss in the prior-year quarter
Diluted earnings per common share (GAAP) $0.99 per share Three months ended September 30, 2026; compared with a $1.07 loss per share in the prior-year quarter
Adjusted net income (Non-GAAP) $4.865 million Three months ended September 30, 2026
Adjusted diluted earnings per common share (Non-GAAP) $0.91 per share Three months ended September 30, 2026
Net interest and dividend income $14.998 million Three months ended September 30, 2026; up 14.5% from the prior-year quarter
Net interest margin 3.75% Three months ended September 30, 2026; compared with 3.64% in the prior-year quarter
Quarterly cash dividend $0.28 per share Payable on or about November 27, 2026, to stockholders of record November 13, 2026
Net interest margin (NIM) financial
"net interest margin (NIM) improved to 3.75%"
Net interest margin (NIM) measures how much profit a bank or lending business makes from its core activity of borrowing and lending: it’s the difference between interest earned on loans and investments and interest paid to depositors and lenders, expressed as a percentage of the assets that earn interest. Think of it like a store’s markup on goods — a higher NIM means the lender keeps more on each dollar it intermediates, so investors use it to judge profitability and sensitivity to interest-rate changes.
Pre-Provision Net Revenue (PPNR) financial
"Pre-Provision Net Revenue (“PPNR”)"
Pre-provision net revenue (PPNR) measures a bank’s core income after operating costs but before setting aside money for expected loan losses, taxes or extraordinary items. It shows how much cash the business generates from normal activities — like a household’s take-home income before putting money into an emergency fund — and matters to investors because higher PPNR means a bigger cushion to absorb loan losses and support future profits or dividend payments.
Allowance for credit losses (ACL) financial
"The allowance for credit losses (ACL) was $10.0 million"
Allowance for credit losses (ACL) is an accounting reserve banks and lenders set aside to cover loans and other receivables that may not be repaid. Think of it as a cushion or rainy-day fund that reduces reported assets to reflect expected losses; when the cushion grows, it can signal rising borrower trouble or more conservative accounting, and when it shrinks, it may boost reported profits and capital. Investors watch ACL to judge a lender’s risk exposure, earnings quality, and capital strength.
Fully tax equivalent (FTE) financial
"Fully tax equivalent (FTE) NIM (Non-GAAP)"
Fully tax equivalent (FTE) is a way to convert tax-free interest or income into the amount it would equal if it were taxable, using the investor’s marginal tax rate. For investors, it lets you compare returns on tax-exempt investments (like municipal bonds) with taxable ones by “grossing up” the tax-free yield so different options can be judged on the same before-tax footing—like comparing two prices after putting them both on the same scale.
Net income (GAAP) $5.327 million Compared with a $5.696 million net loss in the three months ended September 30, 2025
Diluted earnings per common share (GAAP) $0.99 per share Compared with a $1.07 loss per share in the three months ended September 30, 2025
Adjusted net income (Non-GAAP) $4.865 million Compared with $3.931 million in the three months ended September 30, 2025
Adjusted diluted earnings per common share (Non-GAAP) $0.91 per share Compared with $0.74 per share in the three months ended September 30, 2025
Net interest and dividend income $14.998 million Up 14.5% from $13.099 million in the three months ended September 30, 2025
Net interest margin 3.75% Compared with 3.64% in the three months ended September 30, 2025

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did CBFV earn in the third quarter of 2026?
CB Financial Services reported $5.327 million in GAAP net income for the three months ended September 30, 2026, compared with a $5.696 million net loss a year earlier. Adjusted net income, a non-GAAP measure, was $4.865 million.

What dividend did CBFV declare, and when is it payable?
CBFV declared a $0.28 quarterly cash dividend per common share, payable on or about November 27, 2026, to stockholders of record at the close of business November 13, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR
0001605301FALSE100 N. Market StreetCarmichaelsPA724966-504100016053012026-10-262026-10-26

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): October 26, 2026
CB FINANCIAL SERVICES, INC.
(Exact name of registrant as specified in its charter)

Commission file number: 001-36706

Pennsylvania51-0534721
(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, former address and former fiscal year, 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 shareCBFVThe 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).   ☐

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 2.02. Results of Operations and Financial Condition.
On October 26, 2026, CB Financial Services, Inc. ("the Company") issued a press release announcing its financial results for the three and nine months ended September 30, 2026, a copy of which is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 8.01. Other Events.
On October 26, 2026, the Company announced that its Board of Directors declared a cash dividend on the Company's outstanding shares of common stock. The dividend of $0.28 per share will be paid on or about November 27, 2026 to stockholders of record as of the close of business on November 13, 2026.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
99.1.    Earnings Press Release Dated October 26, 2026
99.2.    Investor Presentation - October 2026
104. Cover Page Interactive Data File (embedded in Inline XBRL)
2

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: October 26, 2026
By: /s/ John H. Montgomery
John H. Montgomery
President and Chief Executive Officer

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EXHIBIT 99.1
cbfinancialservicesa.jpg

CB Financial Services, Inc.
Announces Third Quarter 2026 Financial Results and
Declares Quarterly Cash Dividend

WASHINGTON, PA., October 26, 2026 -- 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 2026 financial results.
Three Months EndedNine Months Ended
9/30/266/30/263/31/2612/31/259/30/259/30/269/30/25
(Dollars in thousands, except per share data) (Unaudited)
Net Income (Loss) (GAAP)
$5,327 $4,301 $3,867 $4,742 $(5,696)$13,497 $164 
Net Income Adjustments(462)— (6)(932)9,627 (468)10,391 
Adjusted Net Income (Non-GAAP) (1)
$4,865 $4,301 $3,861 $3,810 $3,931 $13,029 $10,555 
Earnings (Loss) per Common Share - Diluted (GAAP)$0.99 $0.80 $0.73 $0.89 $(1.07)$2.53 $0.03 
Adjusted Earnings per Common Share - Diluted (Non-GAAP) (1)
$0.91 $0.80 $0.73 $0.72 $0.74 $2.44 $1.97 
Income (Loss) Before Income Tax Expense (GAAP)$5,824 $5,099 $4,581 $5,270 $(7,020)$15,506 $33 
Net (Recovery) Provision for Credit Losses(69)17 241 362 259 190 227 
Pre-Provision Net Revenue (“PPNR”)$5,755 $5,116 $4,822 $5,632 $(6,761)$15,696 $260 
Net Income Adjustments— — (8)(751)11,757 (8)12,724 
Adjusted PPNR (Non-GAAP) (1)
$5,755 $5,116 $4,814 $4,881 $4,996 $15,688 $12,984 
(1)Refer to Explanation of Use of Non-GAAP Financial Measures and reconciliation of adjusted net income and adjusted earnings per common share - diluted as presented later in this Press Release.
2026 Third Quarter Financial Highlights
•Average assets were $1.67 billion for the three months ended September 30, 2026, an increase of $9.6 million compared to the three months ended June 30, 2026. Average organic deposit growth and utilization of cash balances funded average loan growth and investment security purchases. The Company’s balance sheet strategy remains centered on driving earnings growth within a disciplined, stable risk framework. These strategies include:
◦Optimizing asset mix: Redeploying repayments of indirect automobile and residential mortgage loans into higher-yielding commercial loan products. Commercial loans totaled 63.2% of the Bank’s loan portfolio at September 30, 2026 compared to 59.8% at September 30, 2025.
◦Managing funding costs: Growing core deposits to reduce reliance on higher-cost wholesale borrowings. The Bank continues to strategically shift its deposit mix toward lower cost core deposit relationships and away from higher priced funding, a favorable transition driven by the ongoing onboarding of Specialty Treasury clients that began during the first quarter of 2026.
◦Actively managing interest rate risk: Using asset-liability modeling to reduce earnings sensitivity while keeping liquidity and capital strong.
•Adjusted earnings per diluted common share (EPS) (non-GAAP) increased to $0.91 for the three months ended September 30, 2026, compared to $0.80 for the three months ended June 30, 2026.
•Adjusted return on average assets (annualized) (non-GAAP) increased to 1.15% for the three months ended September 30, 2026, compared to 1.04% for the three months ended June 30, 2026.
•Adjusted return on average equity (annualized) (non-GAAP) increased to 11.95% for the three months ended September 30, 2026, compared to 10.77% for the three months ended June 30, 2026.
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•Net interest and dividend income increased for six consecutive quarters to $15.0 million for the three months ended September 30, 2026 compared to $14.5 million for the three months ended June 30, 2026, as net interest margin (NIM) improved to 3.75% for the three months ended September 30, 2026 compared to 3.68% for the three months ended June 30, 2026. The improvement in NIM resulted from an increase in the yield on earning assets to 5.44% from 5.34%, driven by higher yields on cash, securities and loans. At the same time, the cost of funds increased to 1.75% from 1.72% resulting from Specialty Treasury deposit growth primarily in interest bearing demand and money market deposits.
•Noninterest expenses decreased $126,000 to $10.3 million for the three months ended September 30, 2026 compared to $10.4 million for the three months ended June 30, 2026. This decrease was driven by a decrease in salaries and employee benefits and data processing, partially offset by increases in Pennsylvania shares tax, contracted services, legal and professional fees and advertising expenses.
•Asset quality remains strong as nonperforming loans to total loans was 0.28% at September 30, 2026.
•Book value per share and tangible book value per share (Non-GAAP) was $30.67 and $28.76, respectively at September 30, 2026. The decline since year-end 2025 resulted from an increase in accumulated other comprehensive losses due to recent increases in market rates.
•The Bank remains well-capitalized and is positioned for future growth.
Management Commentary
President and CEO John H. Montgomery commented, “We delivered solid results for the quarter with improved net interest margin and earnings. Earning asset yields continued to benefit from the balance sheet restructuring executed in the third quarter of last year, helping insulate the portfolio against rate-related repricing pressure. We also maintained disciplined expense management, keeping our cost structure aligned with the current operating environment. Looking ahead, we are focused on building loan and deposit momentum as we close out the year and head into 2027.

We continued to operate with discipline in the third quarter, maintaining a strong balance sheet and the conservative credit standards that have long served our shareholders well. Total loans decreased modestly, primarily due to the payoff of a single large relationship, and we expect payoff activity to moderate in the fourth quarter. Asset quality remained solid, and our capital position strong, with nonperforming loans at 0.28% of total loans and the allowance for credit losses covering 311.8% of nonperforming assets at quarter-end, giving us the flexibility to pursue quality growth opportunities as they arise. The underlying strength of our loan portfolio, together with our ability to manage risk effectively, positions us well as we work to grow the balance sheet.

In the third quarter, our Specialty Treasury Payments & Services program continued to perform well following its move to full operational capacity last quarter. While total deposits were essentially flat for the quarter, the program continued to strengthen the composition of our deposit base, contributing $110.8 million in deposits since year-end. As newly onboarded relationships mature and begin to consolidate more of their banking activity with us, we expect the program’s contribution to build over time. We are confident in its ability to enhance the Company’s efficiency, scalability, and earnings power, and we continue to see a healthy pipeline and strong engagement across our customer base.

Supported by solid capital, sound asset quality and ample liquidity, we are well positioned to capitalize on the opportunities ahead and remain committed to delivering sustainable, long-term value for our shareholders.”
Dividend Declaration
The Company’s Board of Directors declared a $0.28 quarterly cash dividend per outstanding share of common stock, payable on or about November 27, 2026, to stockholders of record as of the close of business on November 13, 2026.
2026 Third Quarter Financial Review
Net Interest and Dividend Income
Net interest and dividend income increased $1.9 million, or 14.5%, to $15.0 million for the three months ended September 30, 2026 compared to $13.1 million for the three months ended September 30, 2025.
•Net Interest Margin (NIM) (GAAP) increased to 3.75% for the three months ended September 30, 2026 compared to 3.64% for the three months ended September 30, 2025. Fully tax equivalent (FTE) NIM (Non-GAAP) increased 12 basis points (“bps”) to 3.79% for the three months ended September 30, 2026 compared to 3.67% for the three months ended September 30, 2025.
•Interest and dividend income increased $2.3 million, or 11.6%, to $21.6 million for the three months ended September 30, 2026 compared to $19.3 million for the three months ended September 30, 2025.
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◦Interest income on loans increased $579,000, or 3.6%, to $16.6 million for the three months ended September 30, 2026 compared to $16.0 million for the three months ended September 30, 2025. The average balance of loans increased $37.8 million to $1.16 billion from $1.12 billion, causing a $535,000 increase in interest income on loans. Additionally, the average yield on loans increased 1 bp to 5.69% from 5.68% despite a 50 bp reduction in the federal funds target rate since September 2025. While this led to the downward repricing of adjustable rate loans, the impact was mostly negated by a reduction in lower yielding consumer loans due to the discontinuation of the indirect automobile loan product with the redeployment of those funds into higher yielding commercial loan products. The increase in the average yield caused a $28,000 increase in interest income on loans.
◦Interest income on investment securities increased $1.1 million, or 38.0%, to $4.1 million for the three months ended September 30, 2026 compared to $3.0 million for the three months ended September 30, 2025 driven by an 48 bp increase in average yield, coupled with a $72.6 million increase in average balances. The increase in yield was primarily due to the third quarter 2025 implementation of a balance sheet repositioning strategy of the Bank’s portfolio of available-for-sale investment securities in which $129.6 million in book value of lower-yielding investment securities with an average yield of 2.87% were sold for an after-tax realized loss of $9.3 million. Investment securities sold included $121.1 million of mortgage-backed securities and collateralized mortgage obligations issued by the U.S. government-sponsored agencies, $5.0 million of U.S. government agency securities and $3.5 million of municipal securities. The Bank then purchased $117.8 million of higher-yielding mortgage-backed securities/collateralized mortgage obligations issued by U.S government-sponsored agencies, municipal securities, subordinated debt investments and non-agency guaranteed securitizations with an expected tax-equivalent yield of approximately 5.43%. The increase in the average balance resulted from current year purchases.
◦Interest income on interest-earning deposits at other banks increased $505,000 to $798,000 for the three months ended September 30, 2026 compared to $293,000 for the three months ended September 30, 2025 driven by a $50.2 million increase in average balances and a 5 bp increase in the average yield. The increase in the volume was due to deposit growth.
•Interest expense increased $353,000, or 5.7%, to $6.6 million for the three months ended September 30, 2026 compared to $6.2 million for the three months ended September 30, 2025.
◦Interest expense on deposits increased $82,000, or 1.4%, to $5.9 million for the three months ended September 30, 2026 compared to $5.8 million for the three months ended September 30, 2025. Average interest-bearing deposit balances increased $113.5 million, or 11.1%, to $1.13 billion as of September 30, 2026 compared to $1.02 billion as of September 30, 2025, primarily as the Bank grew core banking relationships and onboarded Specialty Treasury clients. The increase in average balances accounted for a $622,000 increase in interest expense. This was partially offset as the cost of interest-bearing deposits decreased 20 bps to 2.06% for the three months ended September 30, 2026 from 2.26% for the three months ended September 30, 2025 due to the Federal Reserve federal funds target rate decreases since September 2025. The decrease in the cost of interest-bearing deposits accounted for a $540,000 decrease in interest expense.
◦Interest expense on borrowed funds increased $271,000, or 62.7%, to $703,000 for the three months ended September 30, 2026 compared to $432,000 for the three months ended September 30, 2025. Average balances increased $27.2 million as short-term borrowings were utilized to replace maturing brokered deposits.
Provision for Credit Losses
A recovery of provision for credit losses of $69,000 was recorded for the three months ended September 30, 2026. The Company recorded a $399,000 recovery of provision for credit losses on loans primarily due to a decline in loan principal of $17.8 million and favorable changes in portfolio concentrations and improvement for individually assessed loans. This was partially offset as the provision for credit losses on unfunded commitments was $330,000 and was primarily due to a $10.8 million increase in unfunded commitments and an increase in the loss rate for construction and land development unfunded commitments. This compared to a provision for credit losses of $259,000 recorded for the three months ended September 30, 2025 as the provision for credit losses on loans was $336,000 and was primarily due to additional reserves required for overall loan growth, changes in qualitative factors and an addition to individually assessed loans requiring specific reserves, partially offset by favorable changes in portfolio concentrations and the calculated loss rate. This was partially offset by a $77,000 recovery for credit losses on unfunded commitments due to a decrease in unfunded commitments.
Noninterest Income
Noninterest income increased $11.7 million to $1.0 million for the three months ended September 30, 2026, compared to a loss of $10.7 million for the three months ended September 30, 2025 as a result of $11.8 million in losses on the sale of securities from a securities repositioning strategy executed during the three months ended September 30, 2025.
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Noninterest Expense
Noninterest expense increased $1.1 million, or 11.8%, to $10.3 million for the three months ended September 30, 2026 compared to $9.2 million for the three months ended September 30, 2025. Salaries and benefits increased $604,000 primarily due to revenue producing treasury and commercial banking personnel additions, merit increases and higher benefit compensation costs. Data processing expense increased $345,000 due to the implementation of enhanced treasury and commercial banking platforms in late 2025 and early 2026. Contracted services increased $127,000 due to outsourced information security and treasury consulting services.
Income Taxes
Income tax expense was $497,000 for the three months ended September 30, 2026 compared to a $1.3 million tax benefit for the three months ended September 30, 2025. This change was driven by an increase in pre-tax income to $5.8 million for the three months ended September 30, 2026 compared to a $7.0 million loss for the three months ended September 30, 2025. The effective tax rate for the three months ended September 30, 2026 was 8.5%. The minimal effective tax rate resulted primarily from a $462,000 federal income tax benefit recorded related to the purchase of a $7.7 million renewable energy tax credit during the three months ended September 30, 2026 and an increase in low-income housing tax credits. This compared to an effective tax benefit rate of 18.9% for the three months ended September 30, 2025 due to the prior period loss on the sale of securities as part of the Company’s balance sheet repositioning strategy.
Statement of Financial Condition Review
Assets
Total assets increased $80.3 million, or 5.2%, to $1.63 billion at September 30, 2026, compared to $1.55 billion at December 31, 2025.
•Cash and due from banks decreased $863,000, or 2.7%, to $30.8 million at September 30, 2026, compared to $31.7 million at December 31, 2025.
•Securities increased $64.1 million, or 22.9%, to $344.0 million at September 30, 2026, compared to $279.9 million at December 31, 2025. This was primarily due to $134.7 million of security purchases, partially offset by $56.0 million of maturities and principal repayments on amortizing securities and a $15.1 million increase in unrealized losses on the portfolio as a result of recent increases in market interest rates.
Loans and Credit Quality
•Total loans remained stable at $1.16 billion for both September 30, 2026 and December 31, 2025, and included increases in commercial real estate and construction loans of $46.8 million and $6.9 million, respectively, partially offset by decreases in commercial and industrial, consumer, other and residential real estate loans of $25.5 million, $15.4 million, $7.3 million and $5.8 million, respectively. The decrease in commercial and industrial loans resulted from the payoff of a large line of credit due to the sale of the business while the decrease in consumer loans resulted from the continued reduction in indirect automobile loan production since the discontinuation of this product offering as of June 30, 2023. This portfolio is expected to continue to decline as resources are allocated and production efforts are focused on more profitable commercial products. Excluding the $15.5 million decrease in indirect automobile loans, total loans increased $15.1 million, or 1.3%. Loan production totaled $135.0 million while $107.5 million of loans were paid off since December 31, 2025.
•Nonperforming loans, which include nonaccrual loans and accruing loans past due 90 days or more, were $3.2 million at September 30, 2026 and $5.3 million at December 31, 2025. Nonperforming loans to total loans ratio was 0.28% at September 30, 2026 and 0.46% at December 31, 2025. The decrease in nonperforming loans was due to the full repayment of a $2.0 million commercial real estate loan which was placed on nonaccrual status in the fourth quarter of 2025.
•The allowance for credit losses (ACL) was $10.0 million at September 30, 2026 and $10.1 million at December 31, 2025. As a result, the ACL to total loans was 0.86% at September 30, 2026 and 0.87% at December 31, 2025. During the current year, the Company recorded a recovery for credit losses on loans of $14,000. The ACL to nonperforming assets was 311.8% at September 30, 2026 and 190.5% at December 31, 2025.
•Net charge-offs for the three months ended September 30, 2026 were $59,000, or 0.02% of average loans on an annualized basis, compared to net recoveries for the three months ended September 30, 2025 of $88,000, or 0.03% of average loans on an annualized basis. Net charge-offs for the nine months ended September 30, 2026 were $109,000, or 0.01% of average loans on an annualized basis, compared to net recoveries for the nine months ended September 30, 2025 of $72,000, or 0.01% of average loans on an annualized basis.

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Other
•Accrued interest and other assets increased $16.8 million or 56.4%, to $46.6 million at September 30, 2026, compared to $29.8 million at December 31, 2025 due to the purchase of a $7.7 million renewable energy tax credit, a $4.0 million increase in required FHLB stock as a result of increased borrowing activity, a $3.3 million investment in a low-income housing tax credit project and a $3.2 million increase in deferred income taxes.
Liabilities
Total liabilities increased $81.8 million, or 5.9%, to $1.47 billion at September 30, 2026 compared to $1.39 billion at December 31, 2025.
Deposits
•Organic deposits increased $89.6 million, or 7.2%, to $1.33 billion as of September 30, 2026 compared to $1.24 billion at December 31, 2025. Interest-bearing demand and money market deposits increased $73.7 million and $27.7 million, respectively, while time and savings deposits decreased $10.4 million and $2.1 million, respectively. This growth has occurred as the Bank began onboarding Specialty Treasury clients during the first quarter of 2026. The Bank continues to focus on building core banking relationships while seeking opportunities to strategically reduce higher priced funding.
•Brokered deposits decreased $88.5 million, or 89.8%, to $10.0 million as of September 30, 2026 compared to $98.5 million at December 31, 2025, as the Bank elected to utilize lower cost FHLB borrowings instead.
•At September 30, 2026, FDIC insured deposits totaled approximately 54.7% of total deposits while an additional 19.5% of total deposits were collateralized with investment securities.
Borrowed Funds
•Short-term borrowings increased $79.0 million to $79.0 million as of September 30, 2026 as the Bank replaced maturing brokered deposits with lower cost FHLB borrowings.
Stockholders’ Equity
Stockholders’ equity decreased $1.6 million, or 1.0%, to $156.0 million at September 30, 2026, compared to $157.5 million at December 31, 2025, primarily due to a $11.9 million increase in accumulated other comprehensive loss resulting from recent market interest rate increases, the payment of $4.3 million in dividends and $315,000 of treasury shares purchased since December 31, 2025, partially offset by $13.5 million of net income for the current year and $667,000 of shares issued as a result of stock option exercises.
Book value per share
Book value per common share was $30.67 at September 30, 2026 compared to $31.28 at December 31, 2025, a decrease of $0.61.
Tangible book value per common share (Non-GAAP) was $28.76 at September 30, 2026, compared to $29.35 at December 31, 2025, a decrease of $0.59.
Refer to “Explanation of Use of Non-GAAP Financial Measures” at the end of this Press Release.
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. and Community Bank, visit our website at www.cb.bank.
5

Statement About Forward-Looking Statements
Statements contained in this press release that are not historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and such forward-looking statements are subject to significant risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Act. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations and future prospects of the Company and its subsidiaries include, but are not limited to, general and local economic conditions, changes in market interest rates, deposit flows, demand for loans, real estate values and competition, competitive products and pricing, the ability of our customers to make scheduled loan payments, loan delinquency rates and trends, our ability to manage the risks involved in our business, our ability to control costs and expenses, inflation, market and monetary fluctuations, changes in federal and state legislation and regulation applicable to our business, actions by our competitors, and other factors that may be disclosed in the Company’s periodic reports as filed with the Securities and Exchange Commission. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company assumes no obligation to update any forward-looking statements except as may be required by applicable law or regulation.
Company Contact:
John H. Montgomery
President and Chief Executive Officer
Phone: (724) 223-8317
6

CB FINANCIAL SERVICES, INC.
SELECTED CONSOLIDATED FINANCIAL INFORMATION
Selected Financial Condition Data9/30/266/30/263/31/2612/31/259/30/25
(Dollars in thousands, except share and per share data) (Unaudited)
Assets
Cash and Due From Banks$30,830 $76,090 $55,549 $31,693 $55,890 
Securities343,988 325,554 295,452 279,895 272,559 
Loans Held for Sale— — — — 107 
Loans
Real Estate:
Residential323,465 327,003 330,761 329,237 333,430 
Commercial598,955 571,760 550,029 552,180 539,395 
Construction52,299 58,930 51,394 45,419 38,905 
Commercial and Industrial135,544 160,399 157,694 161,081 143,919 
Consumer27,498 31,108 36,720 42,876 49,581 
Other24,121 30,521 31,239 31,467 38,156 
Total Loans1,161,882 1,179,721 1,157,837 1,162,260 1,143,386 
Allowance for Credit Losses(9,993)(10,451)(10,303)(10,116)(10,146)
Loans, Net1,151,889 1,169,270 1,147,534 1,152,144 1,133,240 
Premises and Equipment, Net19,676 19,069 19,428 19,646 19,896 
Bank-Owned Life Insurance25,290 25,127 24,964 24,812 24,660 
Goodwill9,732 9,732 9,732 9,732 9,732 
Accrued Interest Receivable and Other Assets46,558 31,578 30,633 29,771 29,430 
Total Assets$1,627,963 $1,656,420 $1,583,292 $1,547,693 $1,545,514 
Liabilities
Deposits
Noninterest-Bearing Demand Accounts$292,444 $286,623 $301,053 $291,745 $291,882 
Interest-Bearing Demand Accounts430,842 460,197 384,599 357,134 365,976 
Money Market Accounts236,843 220,812 209,258 209,166 206,166 
Savings Accounts167,235 168,948 172,172 169,307 169,005 
Time Deposits203,540 209,847 209,855 213,953 202,891 
Total Organic Deposits1,330,904 1,346,427 1,276,937 1,241,305 1,235,920 
Brokered Deposits10,000 33,633 98,500 98,500 98,500 
Total Deposits1,340,904 1,380,060 1,375,437 1,339,805 1,334,420 
Short-Term Borrowings79,000 65,000 — — — 
Other Borrowings34,789 34,778 34,768 34,758 34,748 
Accrued Interest Payable and Other Liabilities17,297 14,485 14,336 15,593 23,881 
Total Liabilities1,471,990 1,494,323 1,424,541 1,390,156 1,393,049 
Stockholders’ Equity155,973 162,097 158,751 157,537 152,465 
Total Liabilities and Stockholders’ Equity$1,627,963 $1,656,420 $1,583,292 $1,547,693 $1,545,514 
7

Three Months EndedNine Months Ended
Selected Operating Data9/30/266/30/263/31/2612/31/259/30/259/30/269/30/25
(Dollars in thousands, except share and per share data) (Unaudited)
Interest and Dividend Income:
Loans, Including Fees$16,552 $16,177 $15,957 $16,077 $15,973 $48,686 $45,993 
Securities:
Taxable3,667 3,351 2,999 3,035 2,848 10,018 8,485 
Tax-Exempt465 452 416 415 146 1,333 146 
Dividends7 7 7 7 7 21 44 
Other Interest and Dividend Income902 919 272 458 367 2,094 1,279 
Total Interest and Dividend Income21,593 20,906 19,651 19,992 19,341 62,152 55,947 
Interest Expense:
Deposits5,892 5,940 5,232 5,802 5,810 17,064 17,643 
Short-Term Borrowings339 70 188 — 68 598 199 
Other Borrowings364 362 359 364 364 1,085 1,156 
Total Interest Expense6,595 6,372 5,779 6,166 6,242 18,747 18,998 
Net Interest and Dividend Income14,998 14,534 13,872 13,826 13,099 43,405 36,949 
(Recovery) Provision for Credit Losses - Loans(399)157 228 265 336 (14)269 
Provision (Recovery) for Credit Losses - Unfunded Commitments330 (140)13 97 (77)204 (42)
Net Interest and Dividend Income After Net (Recovery) Provision for Credit Losses15,067 14,517 13,631 13,464 12,840 43,215 36,722 
Noninterest Income:
Service Fees589 582 554 585 574 1,725 1,595 
Insurance Commissions1 1 1 1 1 3 3 
Other Commissions80 74 75 60 63 229 192 
Net Gain on Sale of Loans27 45 11 6 50 83 99 
Net (Loss) Gain on Securities(35)(18)8 14 (11,752)(45)(11,821)
Net Gain on Purchased Tax Credits10 10 10 4 4 31 11 
Net Gain on Disposal of Premises and Equipment— — — 40 — — — 
Income from Bank-Owned Life Insurance163 163 152 152 154 478 451 
Other Income186 115 151 867 229 453 512 
Total Noninterest Income (Loss) 1,021 972 962 1,729 (10,677)2,957 (8,958)
Noninterest Expense:
Salaries and Employee Benefits5,851 6,120 5,997 5,842 5,247 17,967 16,371 
Occupancy617 615 656 573 574 1,888 1,939 
Equipment369 364 349 382 367 1,082 1,070 
Data Processing1,053 1,140 942 790 708 3,135 2,266 
Federal Deposit Insurance Corporation Assessment188 176 173 171 173 537 552 
Pennsylvania Shares Tax330 267 286 242 306 884 706 
Contracted Services498 436 405 481 371 1,339 1,063 
Legal and Professional Fees260 198 221 234 411 679 789 
Advertising169 115 142 192 132 427 374 
Other Real Estate Owned
— — — 55 8 — 9 
Other Expense929 959 841 961 886 2,728 2,592 
Total Noninterest Expense10,264 10,390 10,012 9,923 9,183 30,666 27,731 
Income (Loss) Before Income Tax Expense5,824 5,099 4,581 5,270 (7,020)15,506 33 
Income Tax Expense (Benefit)497 798 714 528 (1,324)2,009 (131)
Net Income (Loss)$5,327 $4,301 $3,867 $4,742 $(5,696)$13,497 $164 
8

Three Months EndedNine Months Ended
Per Common Share Data9/30/266/30/263/31/2612/31/259/30/259/30/269/30/25
Dividends Per Common Share$0.28 $0.28 $0.28 $0.26 $0.26 $0.84 $0.76 
Earnings (Loss) Per Common Share - Basic1.05 0.85 0.77 0.95 (1.14)2.66 0.03 
Earnings (Loss) Per Common Share - Diluted0.99 0.80 0.73 0.89 (1.07)2.53 0.03 
Weighted Average Common Shares Outstanding - Basic5,082,908 5,073,474 5,053,586 5,015,025 4,985,188 5,070,097 5,044,012 
Weighted Average Common Shares Outstanding - Diluted5,358,067 5,353,959 5,318,874 5,304,685 5,319,594 5,345,256 5,357,173 
9/30/266/30/263/31/2612/31/259/30/25
Common Shares Outstanding5,084,720 5,080,438 5,072,183 5,036,509 4,998,383 
Book Value Per Common Share$30.67 $31.91 $31.30 $31.28 $30.50 
Tangible Book Value per Common Share (1)
28.76 29.99 29.38 29.35 28.56 
Stockholders’ Equity to Assets9.6 %9.8 %10.0 %10.2 %9.9 %
Tangible Common Equity to Tangible Assets (1)
9.0 9.3 9.5 9.6 9.3 
Three Months EndedNine Months Ended
Selected Financial Ratios (2)
9/30/266/30/263/31/2612/31/259/30/259/30/269/30/25
Return on Average Assets1.26 %1.04 %1.01 %1.22 %(1.50)%1.11 %0.01 %
Return on Average Equity13.08 10.77 9.84 12.14 (15.15)11.25 0.15 
Average Interest-Earning Assets to Average Interest-Bearing Liabilities132.10 133.48 133.68 134.05 134.42 132.85 134.82 
Average Equity to Average Assets9.67 9.64 10.24 10.02 9.93 9.84 9.96 
Net Interest Rate Spread3.22 3.14 3.29 3.18 3.05 3.22 2.86 
Net Interest Rate Spread (FTE) (1)
3.26 3.18 3.34 3.23 3.08 3.27 2.88 
Net Interest Margin3.75 3.68 3.83 3.76 3.64 3.76 3.49 
Net Interest Margin (FTE) (1)
3.79 3.73 3.88 3.80 3.67 3.80 3.51 
Net Charge-Offs (Recoveries) to Average Loans
0.02 — 0.01 0.10 (0.03)0.01 (0.01)
Efficiency Ratio64.07 67.01 67.49 63.79 379.15 66.14 99.07 
Asset Quality Ratios9/30/266/30/263/31/2612/31/259/30/25
Allowance for Credit Losses to Total Loans0.86 %0.89 %0.89 %0.87 %0.89 %
Allowance for Credit Losses to Nonperforming Loans (3)
311.79 308.47 309.49 190.51 464.99 
Delinquent and Nonaccrual Loans to Total Loans (4)
0.59 0.69 0.54 0.86 0.59 
Nonperforming Loans to Total Loans (3)
0.28 0.29 0.29 0.46 0.19 
Nonperforming Assets to Total Assets (5)
0.20 0.20 0.21 0.34 0.15 
Capital Ratios (6)
9/30/266/30/263/31/2612/31/259/30/25
Common Equity Tier 1 Capital (to Risk Weighted Assets)14.10 %14.22 %14.70 %13.92 %14.19 %
Tier 1 Capital (to Risk Weighted Assets)14.10 14.22 14.70 13.92 14.19 
Total Capital (to Risk Weighted Assets)15.00 15.18 15.71 14.89 15.20 
Tier 1 Leverage (to Adjusted Total Assets)10.20 9.94 10.34 10.15 10.06 
(1).Refer to Explanation of Use of Non-GAAP Financial Measures in this Press Release for the calculation of the measure and reconciliation to the most comparable GAAP measure.
(2).Interim period ratios are calculated on an annualized basis.
(3).Nonperforming loans consist of all nonaccrual loans and accruing loans that are 90 days or more past due.
(4).Delinquent loans consist of accruing loans that are 30 days or more past due.
(5).Nonperforming assets consist of nonperforming loans and other real estate owned.
(6).Capital ratios are for Community Bank only.
Certain items previously reported may have been reclassified to conform with the current reporting period’s format. 
9

AVERAGE BALANCES AND YIELDS
Three Months Ended
September 30, 2026June 30, 2026March 31, 2026December 31, 2025September 30, 2025
Average BalanceInterest and Dividends
Yield / Cost (1)
Average BalanceInterest and Dividends
Yield / Cost (1)
Average BalanceInterest and Dividends
Yield / Cost (1)
Average BalanceInterest and Dividends
Yield / Cost (1)
Average BalanceInterest and Dividends
Yield / Cost (1)
(Dollars in thousands) (Unaudited)
Assets:
Interest-Earning Assets:
Loans, Net (2)
$1,157,873 $16,597 5.69 %$1,153,305 $16,235 5.65 %$1,151,941 $16,023 5.64 %$1,138,734 $16,145 5.62 %$1,120,036 $16,034 5.68 %
Debt Securities
Taxable304,562 3,667 4.82 287,012 3,351 4.67 249,917 2,999 4.80 241,449 3,035 5.03 259,196 2,848 4.40 
Tax-Exempt39,651 589 5.94 38,526 572 5.94 35,218 527 5.99 35,243 525 5.96 12,461 185 5.94 
Equity Securities1,000 7 2.80 1,000 7 2.80 1,000 7 2.80 1,000 7 2.80 1,000 7 2.80 
Interest-Earning Deposits at Banks79,880 798 4.00 99,855 845 3.38 27,236 200 2.94 41,222 384 3.73 29,682 293 3.95 
Other Interest-Earning Assets4,602 104 8.97 3,278 74 9.05 3,874 72 7.54 2,998 74 9.79 3,972 74 7.39 
Total Interest-Earning Assets1,587,568 21,762 5.44 1,582,976 21,084 5.34 1,469,186 19,828 5.47 1,460,646 20,170 5.48 1,426,347 19,441 5.41 
Noninterest-Earning Assets83,677 78,718 87,352 85,605 75,480 
Total Assets$1,671,245 $1,661,694 $1,556,538 $1,546,251 $1,501,827 
Liabilities and Stockholders' Equity:
Interest-Bearing Liabilities:
Interest-Bearing Demand Accounts $513,745 $2,885 2.23 %$458,395 $2,328 2.04 %$365,729 $1,642 1.82 %$367,382 $1,850 2.00 %$350,232 $1,835 2.08 %
Money Market Accounts229,488 1,281 2.21 221,065 1,200 2.18 209,181 1,104 2.14 212,212 1,232 2.30 211,660 1,401 2.63 
Savings Accounts168,653 53 0.12 170,276 51 0.12 169,568 40 0.10 168,853 45 0.11 171,188 43 0.10 
Time Deposits208,197 1,538 2.93 210,258 1,566 2.99 213,645 1,604 3.04 207,895 1,653 3.15 201,651 1,587 3.12 
Total Organic Interest-Bearing Deposits1,120,083 5,757 2.04 1,059,994 5,145 1.95 958,123 4,390 1.86 956,342 4,780 1.98 934,731 4,866 2.07 
Brokered Deposits14,130 135 3.79 84,053 795 3.79 87,136 842 3.92 98,500 1,022 4.12 85,995 944 4.36 
Total Interest-Bearing Deposits1,134,213 5,892 2.06 1,144,047 5,940 2.08 1,045,259 5,232 2.03 1,054,842 5,802 2.18 1,020,726 5,810 2.26 
Short-Term Borrowings32,808 339 4.10 7,089 70 3.96 18,990 188 4.01 16 — 4.71 5,655 68 4.77 
Other Borrowings34,783 364 4.15 34,774 362 4.18 34,764 359 4.19 34,754 364 4.16 34,743 364 4.16 
Total Interest-Bearing Liabilities1,201,804 6,595 2.18 1,185,910 6,372 2.16 1,099,013 5,779 2.13 1,089,612 6,166 2.25 1,061,124 6,242 2.33 
Noninterest-Bearing Demand Deposits294,833 301,859 283,546 285,269 271,462 
Total Funding and Cost of Funds1,496,637 1.75 1,487,769 1.72 1,382,559 1.70 1,374,881 1.78 1,332,586 1.86 
Other Liabilities13,050 13,686 14,564 16,367 20,120 
Total Liabilities1,509,687 1,501,455 1,397,123 1,391,248 1,352,706 
Stockholders' Equity161,558 160,239 159,415 155,003 149,121 
Total Liabilities and Stockholders' Equity$1,671,245 $1,661,694 $1,556,538 $1,546,251 $1,501,827 
Net Interest Income (FTE)
(Non-GAAP) (3)
$15,167 $14,712 $14,049 $14,004 $13,199 
Net Interest-Earning Assets (4)
385,764 397,066 370,173 371,034 365,223 
Net Interest Rate Spread (FTE)
(Non-GAAP) (3) (5)
3.26 %3.18 %3.34 %3.23 %3.08 %
Net Interest Margin (FTE)
(Non-GAAP) (3)(6)
3.79 3.73 3.88 3.80 3.67 
(1)Annualized based on three months ended results.
(2)Net of the allowance for credit losses and includes nonaccrual loans with a zero yield and Loans Held for Sale if applicable.
(3)Refer to Explanation and Use of Non-GAAP Financial Measures in this Press Release for the calculation of the measure and reconciliation to the most comparable GAAP measure.
(4)Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.
(5)Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average cost of interest-bearing liabilities.
(6)Net interest margin represents annualized net interest income divided by average total interest-earning assets.
10

AVERAGE BALANCES AND YIELDS
Nine Months Ended
September 30, 2026September 30, 2025
Average BalanceInterest and DividendsYield /CostAverage BalanceInterest and DividendsYield / Cost
(Dollars in thousands) (Unaudited)
Assets:
Interest-Earning Assets:
Loans, Net (1)
$1,154,395 $48,857 5.66 %$1,098,105 $46,167 5.62 %
Debt Securities
Taxable280,697 10,018 4.76 273,949 8,485 4.13 
Exempt From Federal Tax37,815 1,687 5.95 4,199 185 5.87 
Marketable Equity Securities1,000 21 2.80 1,552 44 3.78 
Interest-Earning Deposits at Banks66,734 1,844 3.68 36,044 1,083 4.01 
Other Interest-Earning Assets3,920 250 8.53 3,648 196 7.18 
Total Interest-Earning Assets1,544,561 62,677 5.43 1,417,497 56,160 5.30 
Noninterest-Earning Assets85,685 69,034 
Total Assets$1,630,246 $1,486,531 
Liabilities and Stockholders' Equity:
Interest-Bearing Liabilities:
Interest-Bearing Demand Accounts$446,498 $6,855 2.05 %$334,380 $5,039 2.01 %
Savings Accounts169,496 144 0.11 172,517 126 0.10 
Money Market Accounts219,985 3,585 2.18 226,760 4,874 2.87 
Time Deposits 210,679 4,708 2.99 219,552 5,713 3.48 
Total Organic Interest-Bearing Deposits 1,046,658 15,292 1.95 953,209 15,752 2.21 
Brokered Deposits61,505 1,772 3.85 57,872 1,891 4.37 
Total Interest-Bearing Deposits1,108,163 17,064 2.06 1,011,081 17,643 2.33 
Short-Term Borrowings19,680 598 4.06 5,607 199 4.75 
Other Borrowings34,774 1,085 4.17 34,733 1,156 4.45 
Total Interest-Bearing Liabilities1,162,617 18,747 2.16 1,051,421 18,998 2.42 
Noninterest-Bearing Demand Deposits293,454 269,259 
Total Funding and Cost of Funds1,456,071 1.72 1,320,680 1.92 
Other Liabilities13,739 17,812 
Total Liabilities1,469,810 1,338,492 
Stockholders' Equity160,436 148,039 
Total Liabilities and Stockholders' Equity$1,630,246 $1,486,531 
Net Interest Income (FTE) (Non-GAAP) (2)
43,930 37,162 
Net Interest-Earning Assets (3)
381,944 366,076 
Net Interest Rate Spread (FTE) (Non-GAAP) (2)(4)
3.27 %2.88 %
Net Interest Margin (FTE) (Non-GAAP) (2)(5)
3.80 3.51 
(1)Annualized based on nine months ended results.
(2)Net of the allowance for credit losses and includes nonaccrual loans with a zero yield and Loans Held for Sale if applicable.
(3)Refer to Explanation and Use of Non-GAAP Financial Measures in this Press Release for the calculation of the measure and reconciliation to the most comparable GAAP measure.
(4)Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.
(5)Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average cost of interest-bearing liabilities.
(6)Net interest margin represents annualized net interest income divided by average total interest-earning assets.
11

Explanation of Use of Non-GAAP Financial Measures
In addition to financial measures presented in accordance with generally accepted accounting principles (“GAAP”), we use, and this Press Release contains or references, certain Non-GAAP financial measures. We believe these Non-GAAP financial measures provide useful information in understanding our underlying results of operations or financial position and our business and performance trends as they facilitate comparisons with the performance of other companies in the financial services industry. Non-GAAP adjusted items impacting the Company's financial performance are identified to assist investors in providing a complete understanding of factors and trends affecting the Company’s business and in analyzing the Company’s operating results on the same basis as that applied by management. Although we believe that these Non-GAAP financial measures enhance the understanding of our business and performance, they should not be considered an alternative to GAAP or considered to be more important than financial results determined in accordance with GAAP, nor are they necessarily comparable with similar Non-GAAP measures which may be presented by other companies. Where Non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found herein.
The Company revised its presentation of certain Non-GAAP financial measures to no longer exclude gains and losses resulting from changes in the fair value of equity securities as non-core items. Accordingly, prior-period Non-GAAP financial measures presented herein have been recast to conform to the current presentation and to enhance comparability between periods. This change affects only the presentation of the Company’s Non-GAAP financial measures and does not affect its reported GAAP results.
9/30/266/30/263/31/2612/31/259/30/25
(Dollars in thousands, except share and per share data) (Unaudited)
Total Assets (GAAP)
$1,627,963 $1,656,420 $1,583,292 $1,547,693 $1,545,514 
Goodwill and Intangible Assets, Net(9,732)(9,732)(9,732)(9,732)(9,732)
Tangible Assets (Non-GAAP) (Numerator)$1,618,231 $1,646,688 $1,573,560 $1,537,961 $1,535,782 
Stockholders' Equity (GAAP)$155,973 $162,097 $158,751 $157,537 $152,465 
Goodwill and Intangible Assets, Net(9,732)(9,732)(9,732)(9,732)(9,732)
Tangible Common Equity or Tangible Book Value (Non-GAAP) (Denominator)$146,241 $152,365 $149,019 $147,805 $142,733 
Stockholders’ Equity to Assets (GAAP)9.6 %9.8 %10.0 %10.2 %9.9 %
Tangible Common Equity to Tangible Assets (Non-GAAP)9.0 %9.3 %9.5 %9.6 %9.3 %
Common Shares Outstanding (Denominator)5,084,720 5,080,438 5,072,183 5,036,509 4,998,383 
Book Value per Common Share (GAAP)$30.67 $31.91 $31.30 $31.28 $30.50 
Tangible Book Value per Common Share (Non-GAAP)$28.76 $29.99 $29.38 $29.35 $28.56 
Three Months EndedNine Months Ended
9/30/266/30/263/31/2612/31/259/30/259/30/269/30/25
(Dollars in thousands) (Unaudited)
Net Income (Loss) (GAAP)$5,327 $4,301 $3,867 $4,742 $(5,696)$13,497 $164 
Annualization Factor3.97 4.01 4.06 3.97 3.97 1.34 1.34 
Average Stockholders' Equity (GAAP)$161,558 $160,239 $159,415 $155,003 $149,121 $160,436 $148,039 
Average Goodwill and Intangible Assets, Net(9,732)(9,732)(9,732)(9,732)(9,732)(9,732)(9,732)
Average Tangible Common Equity (Non-GAAP) (Denominator)$151,826 $150,507 $149,683 $145,271 $139,389 $150,704 $138,307 
Return on Average Equity (GAAP)13.08 %10.77 %9.84 %12.14 %(15.15)%11.25 %0.15 %
Return on Average Tangible Common Equity (Non-GAAP)13.92 %11.46 %10.48 %12.95 %(16.21)%11.97 %0.16 %
12

Three Months EndedNine Months Ended
9/30/266/30/263/31/2612/31/259/30/259/30/269/30/25
(Dollars in thousands) (Unaudited)
Interest Income (GAAP)$21,593 $20,906 $19,651 $19,992 $19,341 $62,152 $55,947 
Adjustment to FTE Basis169 178 177 178 100 525 213 
Interest Income (FTE) (Non-GAAP)21,762 21,084 19,828 20,170 19,441 62,677 56,160 
Interest Expense (GAAP)6,595 6,372 5,779 6,166 6,242 18,747 18,998 
Net Interest Income (FTE) (Non-GAAP)$15,167 $14,712 $14,049 $14,004 $13,199 $43,930 $37,162 
Net Interest Rate Spread (GAAP)3.22 %3.14 %3.29 %3.18 %3.05 %3.22 %2.86 %
Adjustment to FTE Basis0.04 0.04 0.05 0.05 0.03 0.05 0.02 
Net Interest Rate Spread (FTE) (Non-GAAP)3.26 %3.18 %3.34 %3.23 %3.08 %3.27 %2.88 %
Net Interest Margin (GAAP)3.75 %3.68 %3.83 %3.76 %3.64 %3.76 %3.49 %
Adjustment to FTE Basis0.04 0.05 0.05 0.04 0.03 0.04 0.02 
Net Interest Margin (FTE) (Non-GAAP)3.79 %3.73 %3.88 %3.80 %3.67 %3.80 %3.51 %
Three Months EndedNine Months Ended
9/30/266/30/263/31/2612/31/259/30/259/30/269/30/25
(Dollars in thousands) (Unaudited)
Income (Loss) Before Income Tax Expense (GAAP)$5,824 $5,099 $4,581 $5,270 $(7,020)$15,506 $33 
Net (Recovery) Provision for Credit Losses(69)17 241 362 259 190 227 
PPNR (Non-GAAP)
5,755 5,116 4,822 5,632 (6,761)15,696 260 
Adjustments
Net Loss on Securities— — — — 11,757 — 11,770 
Net Gain on Disposal of Premises and Equipment— — — (40)— — — 
Earn-out Payment Related to the Sale of EU— — (8)(711)— (8)(49)
Reduction in Force Expenses— — — — — — 1,003 
Adjusted PPNR (Non-GAAP) (Numerator)$5,755 $5,116 $4,814 $4,881 $4,996 $15,688 $12,984 
Annualization Factor3.97 4.01 4.06 3.97 3.97 1.34 1.34 
Average Assets (Denominator)$1,671,245 $1,661,694 $1,556,538 $1,546,251 $1,501,827 $1,630,246 $1,486,531 
Adjusted PPNR Return on Average Assets (Non-GAAP)1.37 %1.23 %1.26 %1.25 %1.32 %1.29 %1.17 %
13

Three Months EndedNine Months Ended
9/30/266/30/263/31/2612/31/259/30/259/30/269/30/25
(Dollars in thousands, except share and per share data) (Unaudited)
Net Income (Loss) (GAAP)
$5,327 $4,301 $3,867 $4,742 $(5,696)$13,497 $164 
Adjustments
Net Loss on Securities— — — — 11,757 — 11,770 
Net Gain on Disposal of Premises and Equipment— — — (40)— — — 
Earn-out Payment Related to the Sale of EU— — (8)(711)— (8)(49)
Reduction in Force Expenses— — — — — — 1,003 
Income Taxes(462)— 2 (181)(2,130)(460)(2,333)
Adjusted Net Income (Non-GAAP)$4,865 $4,301 $3,861 $3,810 $3,931 $13,029 $10,555 
Weighted-Average Diluted Common Shares and Common Stock Equivalents Outstanding5,358,067 5,353,959 5,318,874 5,304,685 5,319,594 5,345,256 5,357,173 
Earnings (Loss) per Common Share - Diluted (GAAP)$0.99 $0.80 $0.73 $0.89 $(1.07)$2.53 $0.03 
Adjusted Earnings per Common Share - Diluted (Non-GAAP)$0.91 $0.80 $0.73 $0.72 $0.74 $2.44 $1.97 
Net Income (Loss) (GAAP) (Numerator)$5,327 $4,301 $3,867 $4,742 $(5,696)$13,497 $164 
Annualization Factor3.97 4.01 4.06 3.97 3.97 1.34 1.34 
Average Assets (Denominator)1,671,245 1,661,694 1,556,538 1,546,251 1,501,827 1,630,246 1,486,531 
Return on Average Assets (GAAP)1.26 %1.04 %1.01 %1.22 %(1.50)%1.11 %0.01 %
Adjusted Net Income (Non-GAAP) (Numerator)$4,865 $4,301 $3,861 $3,810 $3,931 $13,029 $10,555 
Annualization Factor3.97 4.01 4.06 3.97 3.97 1.34 1.34 
Average Assets (Denominator)1,671,245 1,661,694 1,556,538 1,546,251 1,501,827 1,630,246 1,486,531 
Adjusted Return on Average Assets (Non-GAAP)1.15 %1.04 %1.01 %0.98 %1.04 %1.07 %0.95 %
Three Months EndedNine Months Ended
9/30/266/30/263/31/2612/31/259/30/259/30/269/30/25
(Dollars in thousands) (Unaudited)
Net Income (Loss) (GAAP) (Numerator)
$5,327 $4,301 $3,867 $4,742 $(5,696)$13,497 $164 
Annualization Factor3.97 4.01 4.06 3.97 3.97 1.34 1.34 
Average Equity (GAAP) (Denominator)161,558 160,239 159,415 155,003 149,121 160,436 148,039 
Return on Average Equity (GAAP)13.08 %10.77 %9.84 %12.14 %(15.15)%11.25 %0.15 %
Adjusted Net Income (Non-GAAP) (Numerator)$4,865 $4,301 $3,861 $3,810 $3,931 $13,029 $10,555 
Annualization Factor3.97 4.01 4.06 3.97 3.97 1.34 1.34 
Average Equity (GAAP) (Denominator)161,558 160,239 159,415 155,003 149,121 160,436 148,039 
Adjusted Return on Average Equity (Non-GAAP)11.95 %10.77 %9.82 %9.75 %10.46 %10.86 %9.53 %
14

Three Months EndedNine Months Ended
9/30/266/30/263/31/2612/31/259/30/259/30/269/30/25
(Dollars in thousands) (Unaudited)
Noninterest Expense (GAAP) (Numerator)$10,264 $10,390 $10,012 $9,923 $9,183 $30,666 $27,731 
Net Interest and Dividend Income (GAAP)$14,998 $14,534 $13,872 $13,826 $13,099 $43,405 $36,949 
Noninterest Income (Loss) (GAAP)1,021 972 962 1,729 (10,677)2,957 (8,958)
Operating Revenue (GAAP) (Denominator)$16,019 $15,506 $14,834 $15,555 $2,422 $46,362 $27,991 
Efficiency Ratio (GAAP)64.07 %67.01 %67.49 %63.79 %379.15 %66.14 %99.07 %
Noninterest Expense (GAAP)$10,264 $10,390 $10,012 $9,923 $9,183 $30,666 $27,731 
Adjustments:
Reduction in Force Expenses— — — — — — (1,003)
Adjusted Noninterest Expense (Non-GAAP) (Numerator)$10,264 $10,390 $10,012 $9,923 $9,183 $30,666 $26,728 
Net Interest and Dividend Income (GAAP)$14,998 $14,534 $13,872 $13,826 $13,099 $43,405 $36,949 
Noninterest Income (Loss) (GAAP)1,021 972 962 1,729 (10,677)2,957 (8,958)
Adjustments:
Net Loss on Securities— — — — 11,757 — 11,770 
Net Gain on Disposal of Premises and Equipment— — — (40)— — — 
Earn-out Payment Related to the Sale of EU— — (8)(711)— (8)(49)
Adjusted Noninterest Income (Non-GAAP)$1,021 $972 $954 $978 $1,080 $2,949 $2,763 
Adjusted Operating Revenue (Non-GAAP) (Denominator)$16,019 $15,506 $14,826 $14,804 $14,179 $46,354 $39,712 
Adjusted Efficiency Ratio (Non-GAAP)64.07 %67.01 %67.53 %67.03 %64.76 %66.16 %67.30 %
15

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 2 Forward-Looking Statements and Non-GAAP Financial Measures Statements contained in this investor presentation that are not historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and such forward-looking statements are subject to significant risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Act. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain.  Factors which could have a material adverse effect on the operations and future prospects of the Company and its subsidiaries include, but are not limited to, general and local economic conditions, changes in market interest rates, deposit flows, demand for loans, real estate values and competition, competitive products and pricing, the ability of our clients to make scheduled loan payments, loan delinquency rates and trends, our ability to manage the risks involved in our business, our ability to control costs and expenses, inflation, market and monetary fluctuations, changes in federal and state legislation and regulation applicable to our business, actions by our competitors, and other factors that may be disclosed in the Company’s periodic reports as filed with the Securities and Exchange Commission. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company assumes no obligation to update any forward-looking statements except as may be required by applicable law or regulation. Explanation of Use of Non-GAAP Financial Measures In addition to financial measures presented in accordance with generally accepted accounting principles (“GAAP”), we use, and this investor presentation may contain or reference, certain non-GAAP financial measures. We believe these non-GAAP financial measures provide useful information in understanding our underlying results of operations or financial position and our business and performance trends as they facilitate comparisons with the performance of other companies in the financial services industry. Non-GAAP adjusted items impacting the Company's financial performance are identified to assist investors in providing a complete understanding of factors and trends affecting the Company’s business and in analyzing the Company’s operating results on the same basis as that applied by management. Although we believe that these non-GAAP financial measures enhance the understanding of our business and performance, they should not be considered an alternative to GAAP or considered to be more important than financial results determined in accordance with GAAP, nor are they necessarily comparable with similar non-GAAP measures which may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found within the referenced earnings release.

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 3 CB Financial Services, Inc. - Corporate Overview • Holding Company for Community Bank (Carmichaels, PA), serving the community since 1901 • Community Bank operates 12 full-service branch offices and two loan production offices, all in southwestern Pennsylvania and northern West Virginia • NASDAQ: CBFV Market Data CBFV Share Price $38.31 Shares Outstanding 5.1M Market Cap $194.7M Avg. 3 Mo. Daily Trading Volume 4,897 shares Insider Ownership 9.06% Institutional Ownership 45.45% Dividend Yield 2.92% Total Stockholders' Equity $156.0M Book Value per Common Share $30.67 Tangible Book Value per Common Share (1) $28.76 Price to Book Value 1.25x Price to Tangible Book Value (1) 1.33x ◦ All daily trading information/multiples as of October 22, 2026 ◦ All other financial information as of September 30, 2026 Washington Waynesburg Moundsville Canonsburg Uniontown Branches/ITM LPO Operations (1) Non GAAP financial measure.

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 4 Community Bank partners with individuals, businesses and communities to realize their dreams, protect their financial futures and improve their lives. Take Care of Each Other Always Do the Right Thing Be a Great Teammate Work Hard to Achieve Our Goals Give and Expect Mutual Respect Enjoy Life Everyday Be Positive Have a Sense of Urgency Client Experience First Our Mission Statement Our Core Values Our Cornerstone About Us

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 5 Creating Value for our Shareholders and Stakeholders • Sustainable Earnings Growth ▪ Improve core earnings by investing in talent and technology, implementing and rewarding a disciplined sales culture, innovating new products, providing best in class delivery, improving efficiency and developing digital delivery. • People, Culture & Innovation ▪ Ensure our organization culture, practices, values and structure enable us to attract, train and retain top talent. ▪ Embed innovation at our core to improve capacity, to scale and respond to changing market and industry conditions. • Client Experience ▪ Prioritize the Client Experience. Make it simple and easy. • Automate and Optimize Processes ▪ Optimize process and delivery channels through technology, including AI, to enhance our Client Experience, lower costs, mitigate risk and improve profitability. • Improve Efficiency ▪ Establish a board-approved enterprise risk management framework to drive high quality earnings within established risk tolerances. Strategic Initiatives

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 6 Strategic Focus Treasury Management & Commercial Banking Strategy Strategic Focus Objectives Results CB's footprint contains highly concentrated markets and there is opportunity to gain market share in Commercial Banking and Treasury Services. Build and develop a Treasury Management (TM) and Specialized Deposit Division that provides a first class client experience. Under the leadership of Jim Mele, a seasoned veteran with an established record of success, the Bank has built a TM and Specialized Deposit Division which includes specialized and experienced sales, operations and risk associates dedicated to these clients. Targeted investments related to technology and systems to develop new products and processes, with a focus on ensuring a positive client experience. Leverage existing core system strengths and enhance with new TM products and processes with an exceptional client experience as the primary goal. Technology has been upgraded and risk controls have been enhanced. Technology upgrades include online banking, ACH platforms and escrow management programs, with enhanced capabilities for treasury and commercial clients. Treasury Services are the least commoditized deposits and servicing these accounts will generate growth in lower cost deposits and noninterest income. Enhance liquidity position with sticky, granular cost-effective deposits while also adding net fee income. The onboarding of treasury clients started in 1Q26 and deposit growth of $110.8 million has been achieved YTD. Strong ongoing growth is expected. Combined with the expansion of the Bank's Commercial Banking team, this two pronged strategy enhances the ability to increase net interest margin and net income. Be opportunistic in retaining talented Commercial Bankers to gain market share. The Bank is continuing to evaluate and hire additional Commercial Banking talent. Expenses related to these strategies are expected to be offset with additional cost savings and incremental revenue.

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 7 2026 Macro Outlook Item Comment Monetary Policy Monetary policy remains uncertain as the Federal Reserve balances inflation, economic growth, and employment. Continued focus on disciplined pricing, liquidity, and interest rate risk management will help mitigate potential impacts. Inflation/Demand Inflationary pressures and broader economic uncertainty may affect consumer and business activity, loan demand, and credit performance. Pricing flexibility, cost discipline, and proactive portfolio monitoring remain important. Regulatory Environment The regulatory environment continues to evolve, with increased attention on risk management, cybersecurity, consumer protection, technology, and operational resilience. Strong controls and adaptable compliance practices remain essential. Market Dynamics Competition, changing customer expectations, and emerging technologies continue to reshape financial services. Maintaining strong client relationships while investing thoughtfully in digital capabilities and innovation will support long-term relevance and growth. CB needs to remain vigilant and adaptable to navigate the uncertainties and complexities of the macroeconomic landscape in 2026 and beyond.

 

Q3 2026 Financial Highlights

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 9 Q3 2026 Highlights (Unaudited) Earnings (for the three months ended September 30, 2026 unless otherwise noted) • Core earnings. Core net income (non-GAAP) was $4.9 million, with diluted core earnings per share of $0.91. Core pre-provision net revenue (PPNR) (non-GAAP) was $5.8 million. • Margin. Net interest income was $15.0 million, an increase of 3.2% from Q2 2026. Net interest margin was 3.75%, up 7 bps from Q2 2026 as the yield on interest-earning assets increased 10 bps and the cost of funds increased 3 bps. • Positive core returns. Adjusted return on average assets (non-GAAP) was 1.15% for Q3 2026, compared to 1.04% for Q3 2025. Adjusted return on average equity (non-GAAP) was 11.95% for Q3 2026, compared to 10.46% for Q3 2025. Balance Sheet & Asset Quality (as of September 30, 2026 unless otherwise noted) • Steady loan portfolio. Total loans ($1.16 billion) decreased 1.5% from June 30, 2026 due to decreases in commercial and industrial and indirect auto loans (discontinued product in Q2 2023). Excluding indirect auto, the portfolio grew 1.3% during the since December 31, 2025. • Strong deposit growth. Average organic deposits increased $52.9 million, or 3.9%, to $1.41 billion for the three months ended September 30, 2026 from $1.36 billion for the three months ended June 30, 2026. Deposit growth for the quarter was primarily driven by growth in the Specialty Treasury division. • High concentration of core deposits. Core deposits were 84% of total deposits at September 30, 2026. • Limited wholesale funding. Borrowings to total assets was 7.0% and brokered deposits to total assets was 0.6% at September 30, 2026. • Strong credit quality. Nonperforming loans to total loans was 0.28% and nonperforming assets to total assets was 0.20% as of September 30, 2026. Liquidity and Capital Strength (as of September 30, 2026 unless otherwise noted) • Significant available liquidity. Cash on deposit was $30.8 million and available borrowing capacity was $569.2 million. Available liquidity covers 221% of uninsured/non-collateralized deposits. • Low-risk deposit base. Insured/collateralized deposits account for 74.2% of total deposits. • Well-capitalized. The Bank's Tier 1 Leverage ratio was 10.20% at September 30, 2026, compared to 10.15% at December 31, 2025. • Stock Repurchase Plan (SRP). Announced $5.0 million SRP in Q3 2025. Attractive way to return capital to shareholders.

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 10 Financial Highlights Change ($000s except per share) Q3 2026 Q2 2026 Q3 2025 Balance Sheet     Total Net Loans (Net of Allowance) $ 1,151,889 $ (17,381) $ 18,649 Total Organic Deposits 1,330,904 (15,523) 89,599 Total Brokered Deposits 10,000 (23,633) (88,500)       Income Statement     Net Interest Income 14,998 464 1,899 Net (Recovery) Provision for Credit Losses (69) (86) (328) Adjusted Noninterest Income(2) 1,021 49 (59) Gain on Sale of Securities (35) (17) (11,717) Noninterest Expense 10,264 (126) 1,081 Income Tax Expense 497 (301) 1,821 Adjusted Net Income 4,865 564 934 Performance Ratios Adjusted Earnings Per Share, Diluted(2) $ 0.91 $ 0.11 $ 0.17 Net Interest Margin(1) 3.75 % 0.07 % 0.11 % Adjusted ROAA(1)(2) 1.15 % 0.11 % 0.11 % Adjusted ROAE(1)(2) 11.95 % 1.18 % 1.49 % NCOs/Average Loans(1) 0.02 % 0.02 % 0.05 % Tangible Book Value per Share(2) $ 28.76 $ (1.23) $ 0.21 Tangible Equity Ratio (TCE / TA)(2) 9.04 % (0.21) % (0.25) % Capital Ratios (Bank Only) Tier 1 Leverage 10.20 % 0.26 % 0.14 % Common Equity Tier 1 Capital 14.10 % (0.12) % (0.09) % Tier 1 Capital 14.10 % (0.12) % (0.09) % Total Risk-Based Capital 15.00 % (0.17) % (0.20) % Q3 2026 Results Overview (Unaudited) (1) Annualized (2) Non-GAAP Calculation in Press Release (3) Comparisons are to Q2 2026 unless otherwise noted Quarterly Highlights(3) Balance Sheet: • Loans decreased $17.4 million as a result of a decrease in commercial and industrial loans due to a large payoff and a decrease in consumer loans due to the discontinued indirect auto product offering. • Brokered deposits decreased $23.6 million as the funding was replaced with lower cost short-term borrowings. • Tangible book value per share (non-GAAP) decreased to $28.76 as accumulated other comprehensive losses increased as a result of recent increases in market interest rates. Earnings and Capital: • Core net income (non-GAAP) was $4.9 million, while core PPNR (non-GAAP) was $5.8 million for Q3. • Net interest margin(1) was up 7 bps to 3.75% due to an increase in yield on interest earning assets, partially offset by an increase in cost of funds. • Noninterest expense decreased 1.2% due to lower salaries and benefits and data processing costs. • Income tax expense included a $462,000 benefit from the purchase of a $7.7 million renewable energy tax credit • The Bank's Tier 1 Leverage ratio was 10.20%.

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 11 Financial Trends - Balance Sheet (Unaudited) Total Net LoansTotal Assets Total Deposits Total Stockholders' Equity in m ill io ns $1,546 $1,548 $1,583 $1,656 $1,628 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 $1,300 $1,400 $1,500 $1,600 $1,700 in m ill io ns $1,133 $1,152 $1,148 $1,169 $1,152 Net Loans Yield on Loans 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 $1,000 $1,025 $1,050 $1,075 $1,100 $1,125 $1,150 $1,175 $1,200 5.30% 5.40% 5.50% 5.60% 5.70% 5.80% 5.90% 6.00% in m ill io ns $1,334 $1,340 $1,375 $1,380 $1,341 Organic Deposits Brokered Deposits Cost of Interest Bearing Deposits 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 $1,000 $1,100 $1,200 $1,300 $1,400 $1,500 2.00% 2.10% 2.20% 2.30% in m ill io ns $152 $158 $159 $162 $156 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 $130 $140 $150 $160 $170

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 12 Financial Trends - Reported Earnings and Profitability (Unaudited) Net Income (Loss) / PPNR (non-GAAP)(1) Earnings (Loss) Per Share (EPS) - Diluted in th ou sa nd s $(5,696) $4,742 $3,867 $4,301 $5,327 $(6,761) $5,632 $4,822 $5,116 $5,755 Net Income (Loss) PPNR Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $(8,000) $(6,000) $(4,000) $(2,000) $— $2,000 $4,000 $6,000 $(1.07) $0.89 $0.73 $0.80 $0.99 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $(1.50) $(1.00) $(0.50) $— $0.50 $1.00 Annualized Return on Average Equity (ROAE) (15.15)% 12.14% 9.84% 10.77% 13.08% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 (16.00)% (8.00)% —% 8.00% 16.00% Annualized Return on Average Assets (ROAA) (1.50)% 1.22% 1.01% 1.04% 1.26% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 (2.00)% (1.50)% (1.00)% (0.50)% —% 0.50% 1.00% 1.50% (1) Non-GAAP Calculation in Press Release

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 13 Financial Trends - Core Earnings and Profitability (1) (Unaudited) Core Net Income / Core PPNR (non-GAAP) Core EPS - Diluted (non-GAAP) in th ou sa nd s $3,931 $3,810 $3,861 $4,301 $4,865$4,996 $4,881 $4,814 $5,116 $5,755 Core Net Income Core PPNR Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $— $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $0.74 $0.72 $0.73 $0.80 $0.91 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $— $0.25 $0.50 $0.75 $1.00 Core Annualized ROAE (non-GAAP) 10.46% 9.75% 9.82% 10.77% 11.95% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 —% 3.00% 6.00% 9.00% 12.00% Core Annualized ROAA (non-GAAP) 1.04% 0.98% 1.01% 1.04% 1.15% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 —% 0.25% 0.50% 0.75% 1.00% 1.25% (1) Non-GAAP Calculation in Press Release

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 14 Financial Trends - Earnings and Profitability (Unaudited) Total Revenue (non-GAAP) (1) Highlights - Revenue Core Efficiency Ratio (non-GAAP)(1) in th ou sa nd s $13,099 $13,826 $13,872 $14,534 $14,998 $1,080 $978 $954 $972 $1,021 Net Interest Income Noninterest Income (adj.) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $10,000 $11,000 $12,000 $13,000 $14,000 $15,000 $16,000 $17,000 64.8% 67.0% 67.5% 67.0% 64.1% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 50.0% 55.0% 60.0% 65.0% 70.0%Net Interest Margin (NIM) (non-GAAP) (1) 5.41% 5.48% 5.47% 5.34% 5.44% 3.67% 3.80% 3.88% 3.73% 3.79% 1.86% 1.78% 1.70% 1.72% 1.75% Yield on Earning Assets Net Interest Margin (FTE) Cost of Funds Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 —% 2.00% 4.00% 6.00% Noninterest Income (adj.) (non-GAAP) (1): • All periods exclude gains/losses on sale of securities. • Q4 2025 - excludes a $711,000 earn-out payment from the sale of EU and a $40,000 gain on the sale of bank assets. • Q1 2026 - excludes an $8,000 earn-out payment from the sale of EU. (1) Non-GAAP Calculation in Press Release $13,099 $13,826 $13,872 $14,534 $14,998 $(10,677) $1,729 $962 $972 $1,021 Net Interest Income Noninterest Income Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $(20,000) $(10,000) $— $10,000 $20,000

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 15 Monthly Earnings Trends (Unaudited) 3.88% 3.85% 5.62% 5.54% 2.33% 2.23% Net Interest Margin (FTE) Yield on Earning Assets Cost of Funds 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 2.00% 3.00% 4.00% 5.00% 6.00% Net Interest Margin (NIM) (Non-GAAP) (1) 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 $1,000 $1,250 $1,500 $1,750 $2,000 Pre-Tax Pre-Provision Income (Core) (Non-GAAP) (1) 1.21% 1.59% 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 0.75% 1.00% 1.25% 1.50% 1.75% Core Annualized ROAA (Non-GAAP) (1) 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 $3,500 $3,750 $4,000 $4,250 $4,500 $4,750 $5,000 $5,250 $5,500 Net Interest Income (FTE) (Non-GAAP) (1) (1) Non-GAAP Calculation in Press Release

 

Deposit Composition / Characteristics

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 17 Deposit Mix and Cost (Unaudited) Deposit Mix Average Cost of Interest-Bearing Deposits Deposit Composition - Balances as of the quarter ended QTD Change YTD Change (in millions) 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 Amount Percent Amount Percent NIB Demand $ 291.9 $ 291.7 $ 301.1 $ 286.6 $ 292.4 $ 5.8 2.0 % $ 0.7 0.2 % IB Demand 366.0 357.1 384.6 460.2 430.8 (29.4) (6.4) 73.7 20.6 Money Market 206.2 209.2 209.3 220.8 236.8 16.0 7.2 27.6 13.2 Savings Accounts 169.0 169.3 172.2 168.9 167.2 (1.7) (1.0) (2.1) (1.2) Time Deposits 202.9 214.0 209.9 209.8 203.5 (6.3) (3.0) (10.5) (4.9) Organic Deposits 1,235.9 1,241.3 1,276.9 1,346.4 1,330.9 (15.5) (1.2) 89.6 7.2 Brokered Deposits 98.5 98.5 98.5 33.6 10.0 (23.6) (70.2) (88.5) (89.8) Total Deposits $ 1,334.4 $ 1,339.8 $ 1,375.4 $ 1,380.1 $ 1,340.9 $ (39.2) (2.8) % $ 1.1 0.1 % 2.08% 2.00% 1.82% 2.04% 2.23% 2.63% 2.30% 2.14% 2.18% 2.21% 0.10% 0.11% 0.10% 0.12% 0.12% 3.12% 3.15% 3.04% 2.99% 2.93% 4.36% 4.12% 3.92% 3.79% 3.79% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 —% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 21.9% 21.8% 21.9% 20.8% 21.8% 27.4% 26.7% 28.0% 33.3% 32.1% 15.5% 15.6% 15.2% 16.0% 17.7% 12.7% 12.6% 12.5% 12.2% 12.5% 15.1% 15.9% 15.2% 15.3% 15.2% 7.4% 7.4% 7.2% 2.4% 0.7% Noninterest-Bearing Interest-Bearing Money Market Accounts Savings Accounts Organic Time Deposits Brokered Deposits 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 18 Growth in Average Deposits (Unaudited) Deposit Composition - Average Balances as of the quarter ended QTD Change YTD Change (in millions) 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 Amount Percent Amount Percent NIB Demand $ 271.5 $ 285.3 $ 283.5 $ 301.9 $ 294.8 $ (7.1) (2.4) % $ 9.5 3.3 % IB Demand 350.2 367.4 365.7 458.4 513.7 55.3 12.1 146.3 39.8 Money Market 211.7 212.2 209.2 221.1 229.5 8.4 3.8 17.3 8.2 Savings Accounts 171.2 168.9 169.6 170.3 168.7 (1.6) (0.9) (0.2) (0.1) Time Deposits 201.7 207.9 213.6 210.3 208.2 (2.1) (1.0) 0.3 0.1 Organic Deposits 1,206.3 1,241.7 1,241.6 1,362.0 1,414.9 52.9 3.9 173.2 13.9 Brokered Deposits 86.0 98.5 87.1 84.1 14.1 (70.0) (83.2) (84.4) (85.7) Total Deposits $ 1,292.3 $ 1,340.2 $ 1,328.7 $ 1,446.1 $ 1,429.0 $ (17.1) (1.2) % $ 88.8 6.6 % (in th ou sa nd s) Noninterest-Bearing Interest-Bearing Money Market Savings Time Deposits Brokered Deposits Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $— $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Quarterly Average Deposit Balance

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 19 —% cost / $165.1 million 0.32% cost / $131.1 million 1.07% cost / $84.6 million 0.10% cost / $160.7 million 2.92% cost / $180.4 million 2.95% cost / $24.2 million Deposit Composition (unaudited) Retail Deposits as of September 30, 2026 $746.1 million 1.00% WAC 34,831 accounts —% cost / $96.5 million 2.29% cost / $126.3 million 2.21% cost / $62.3 million 0.78% cost / $6.0 million 2.10% cost / $1.2 million 3.32% cost / $166.9 million Commercial Deposits as of September 30, 2026 $459.1 million 2.15% WAC 4,595 accounts —% cost / $14.6 million 3.29% cost / $60.6 million 3.32% cost / $37.5 million 3.52% cost / $13.0 million Specialty Deposits as of September 30, 2026 $125.8 million 2.94% WAC 66 accounts —% cost / $168.7 million 0.28% cost / $129.9 million 1.27% cost / $88.9 million 0.08% cost / $163.3 million 3.13% cost / $188.1 million 3.04% cost / $20.6 million Retail Deposits as of December 31, 2025 $759.5 million 1.07% WAC 35,798 accounts —% cost / $116.8 million 2.28% cost / $118.2 million2.29% cost / $57.8 million 0.61% cost / $5.5 million 2.73% cost / $1.9 million 3.33% cost / $166.6 million Commercial Deposits as of December 31, 2025 $466.8 million 2.07% WAC 4,448 accounts 3.75% cost / $1.5 million 3.69% cost / $13.6 million —% 3.75% —% —% 3.69% —% Specialty Deposits as of December 31, 2025 $15.0 million 3.70% WAC 43 accounts September 30 2026 June 30 2026 December 31 2025 QTD Change YTD Change Amount Percent Amount Percent dollars in thousands Retail $ 746,084 $ 760,982 $ 759,455 $ (14,898) (2.0) % $ (13,371) (1.8) % Commercial 459,050 486,353 466,832 (27,303) (5.6) (7,782) (1.7) Specialty Treasury 125,770 99,092 15,018 26,678 26.9 110,752 737.5 Organic Deposits 1,330,904 1,346,427 1,241,305 (15,523) (1.2) 89,599 7.2 Brokered Deposits 10,000 33,633 98,500 (23,633) (70.3) (88,500) (89.8) Total Deposits $ 1,340,904 $ 1,380,060 $ 1,339,805 $ (39,156) (2.8) % $ 1,099 0.1 %

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 20 Secure Deposit Base (Unaudited) • In total, 74.2% of client deposits (non- brokered) are FDIC insured or collateralized with investment securities as of September 30, 2026, compared to 75.2% as of December 31, 2025. • Uninsured client deposits consist of business & retail deposits of 16.1% and 9.7% of total deposits, respectively. • At September 30, 2026, client deposits consisted of 52.5% retail, 28.9% business, and 18.6% public funds. • CB is focused on providing opportunities for uninsured depositors to move funds to alternate products, providing benefit to both clients and the Bank. FDIC Insured, 54.7% Collateralized, 19.5% Uninsured, 25.8% Source: Company information as of 9/30/2026 As of 9/30/2026 Highlights

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 21 Strong Liquidity Position (Unaudited) $1,815 0.7% $37,825 13.8% $102,157 37.3% $109,612 40.0% $21,586 7.9% $864 0.3% Government Agency Municipal MBS's CMO's Corporate Debt Marketable Equity Cash $30.8 million Investments $161.4 million Fed Capacity $68.8 million FHLB Capacity $445.4 million Other Capacity $55.0 million Available Liquidity of $761.4 million Highlights Source: Company information as of 9/30/2026 • Cash & Cash Equivalents totaled $30.8 million, or 1.9% of total assets. • Investment Securities totaled $344.0 million, with $182.6 million utilized as collateral for public fund deposits. All securities are classified as available- for-sale and marked to market. • Total borrowings totaled $113.8 million, or 7.0% of total assets and included $20.0 million in long- term FHLB borrowings, $79.0 million in short- term FHLB borrowings and $14.8 million in subordinated debt. • The Bank has $569.2 million in available borrowing capacity (FED, FHLB, Other). • Available liquidity covers 221% of uninsured/ non-collateralized deposits.

 

Loan Portfolio Composition

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 23 Loan Portfolio Composition (Unaudited) Commercial & Industrial 11.7% Real Estate- Construction 4.5% Real Estate- Commercial 51.5% Real Estate- Residential 27.8% Consumer 2.4% Other 2.1% As of 9/30/2026 Loan Portfolio Detail dollars in millions 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 QoQ Change YoY Change Real Estate - Residential $ 333.4 $ 329.2 $ 330.8 $ 327.0 $ 323.5 (1.1) % (3.0) % Real Estate - Commercial 539.4 552.2 550.0 571.8 599.0 4.8 11.0 Real Estate - Construction 38.9 45.4 51.4 58.9 52.3 (11.2) 34.4 Commercial & Industrial 143.9 161.1 157.7 160.4 135.5 (15.5) (5.8) Consumer 49.6 42.9 36.7 31.1 27.5 (11.6) (44.6) Other 38.2 31.5 31.2 30.5 24.1 (21.0) (36.9) Total Loans $ 1,143.4 $ 1,162.3 $ 1,157.8 $ 1,179.7 $ 1,161.9 (1.5) % 1.6 % Highlights • Loans remained stable at $1.16 billion for both September 30, 2026 and December 31, 2025 due primarily from growth in commercial and construction real estate loans, partially offset by decreases in commercial and industrial and indirect auto loans. Excluding the indirect loans, loans increased $15.1 million, or 1.3%, from December 31, 2025. • Loan production for Q3 2026 totaled $58.7 million while loans paid off totaled $32.7 million. Q3 2026 included a large relationship payoff due to the sale of business assets. • CB continues to focus on disciplined pricing and credit quality standards. • CB remains committed to hiring and retaining experienced commercial bankers.

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 24 Commercial Loan Portfolio Detail (Unaudited) 23.9% 18.8% 16.7% 12.2% 5.6% 4.4% 2.6% 2.5% 1.6% 11.7% Retail Space Multifamily Warehouse Space Office Space Manufacturing Medical Vacant Land Hotels Oil & Gas Other C&I and CRE Loans by Industry Highlights Commercial Real Estate Loan Portfolio Details Total O/S Balance CRE Owner Occupied CRE Non-Owner Occupied dollars in thousands O/S Balance Percent Avg Loan Size Avg LTV O/S Balance Percent Avg Loan Size Avg LTV Retail Space $ 142,988 $ 31,814 5.31 % $ 776 56.21 % $ 111,174 18.56 % $ 1,463 60.05 % Multifamily 112,372 — — — — 112,372 18.76 1,102 58.97 Warehouse Space 100,022 18,259 3.05 730 40.03 81,763 13.65 2,044 53.37 Office Space 72,905 9,106 1.52 479 71.75 63,799 10.65 1,302 59.34 Manufacturing 33,796 3,067 0.51 307 58.74 30,729 5.13 2,794 45.91 Medical 26,241 8,914 1.49 637 62.25 17,327 2.89 1,155 52.87 Vacant Land 15,537 2,356 0.39 157 45.78 13,181 2.20 2,197 43.06 Hotels 15,116 — — — — 15,116 2.52 2,159 61.45 Oil & Gas 9,622 5,052 0.84 631 66.57 4,570 0.76 1,523 56.68 Other 70,356 45,922 7.68 696 53.79 24,434 4.09 977 57.72 Total $ 598,955 $ 124,490 20.79 % $ 629 54.80 % $ 474,465 79.21 % $ 1,421 56.79 % • CRE loans represent 51.5% of the total loan portfolio. • Limited exposure to office space. • 20.8% of CRE loans are owner occupied. • Non-Owner Occupied CRE loans have an average LTV of 56.8% based on appraised values at the time of origination, whereas Owner Occupied CRE's LTV is 54.8%. • Average Non-Owner Occupied CRE loan size is approximately $1.4 million, and Owner Occupied is approximately $629,000. • No loans are currently in deferral. • CRE loans are concentrated in the Pittsburgh metropolitan area.Source: Company information as of 9/30/2026

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 25 Consumer Loan Portfolio Detail (Unaudited) 92.2% 4.6% 3.2% 1-4 Family Indirect Auto Other Consumer 31.4% 16.1% 20.7% 19.7% 10.0% 2.1% < 50% 50% - 59% 60% - 69% 70% - 79% 80% - 89% > 90% 40.9% 37.5% 14.8% 6.1% 0.7% > 800 740-799 700-739 661-699 < 660 Consumer Lending Portfolio - $350.9M Residential Real Estate Loan to Values (LTV's) - $323.5MIndirect Auto Portfolio by Max FICO Score- $16.3M Highlights • Residential loans represent 28.0% of total loans. • 68.2% of residential loans have an LTV of less than 70%, based on appraised values at the time of origination. • Indirect auto loans represent 1.4% of total loans. • 78.4% of indirect auto loans are to borrowers with FICO scores greater than 740, at the time of underwriting. • The indirect auto lending program was discontinued in Q2 2023 to prioritize more profitable commercial lending products. Source: Company information as of 9/30/2026 Source: Company information as of 9/30/2026 Source: Company information as of 9/30/2026

 

Asset Quality, Capital Ratios and IRR

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 27 Asset Quality Trends (Unaudited) Net Charge-Offs (Recoveries) / Average Loans Allowance for Credit Losses / Total LoansNonperforming Assets / Total Assets in th ou sa nd s $2,340 $5,310 $3,329 $3,388 $3,205 Nonperforming Assets NPA's / Assets 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 $— $2,000 $4,000 $6,000 —% 0.16% 0.32% 0.48% Allowance for Credit Losses / Nonperforming Assets Nonperforming Loans to Total Loans $2,182 $5,310 $3,329 $3,388 $3,205 Nonperforming Loans (000's) Nonperforming/Total Loans 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 $— $2,000 $4,000 $6,000 0.15% 0.20% 0.25% in th ou sa nd s $(88) $295 $41 $9 $59 Net Charge Offs (Recoveries) NCO's (Recoveries)/ Avg Loans Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $(150) $(100) $(50) $— $50 $100 $150 $200 $250 $300 $350 (0.08)% (0.05)% (0.03)% —% 0.03% 0.05% 0.08% 0.10% 0.13% 0.15% 0.18% in th ou sa nd s $10,146 $10,116 $10,303 $10,451 $9,993 Loan Loss Reserve ($000's) ALLL/ Total Loans 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 $— $4,000 $8,000 $12,000 0.84% 0.86% 0.88% 0.90% in th ou sa nd s $2,340 $5,310 $3,329 $3,388 $3,205 Nonperforming Assets ALLL / Nonperforming Assets 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 $— $2,000 $4,000 $6,000 —% 200.00% 400.00% 600.00%

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 28 Capital Ratios (Bank Only) (Unaudited) Common Equity Tier 1 Capital (to Risk Weighted Assets) Tier 1 Capital to Risk Weighted Assets 14.19% 13.92% 14.70% 14.22% 14.10% Common Equity Tier 1 Capital Adequately Capitalized Well Capitalized 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 14.19% 13.92% 14.70% 14.22% 14.10% Tier 1 Capital Adequately Capitalized Well Capitalized 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% Tier 1 Leverage (to Adjusted Total Assets) 10.06% 10.15% 10.34% 9.94% 10.20% Tier 1 Leverage Adequately Capitalized Well Capitalized 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 4.00% 6.00% 8.00% 10.00% 12.00% Total Capital (to Risk Weighted Assets) 15.20% 14.89% 15.71% 15.18% 15.00% Total Capital Adequately Capitalized Well Capitalized 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 8.00% 10.00% 12.00% 14.00% 16.00% 18.00%

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 29 Change in Rates (bp) (in th ou sa nd s) $(53) $(116) $130 $— $(253) $(598) $(1,090) -300 -200 -100 0 +100 +200 +300 $(1,250) $(1,000) $(750) $(500) $(250) $— $250 Change in Rates (bp) (in th ou sa nd s) $27,793 $21,734 $12,543 $— $(14,604) $(30,652) $(48,046) -300 -200 -100 0 +100 +200 +300 $(75,000) $(50,000) $(25,000) $— $25,000 $50,000 Change in Net Interest Income (as of 09/30/2026) Change in Economic Value of Equity (as of 09/30/2026) Interest Rate Risk (Unaudited) Interest Rate Risk Details (as of 09/30/2026) EVE EVE as a Percent of Portfolio Value of Assets Net Interest Earnings at Risk Change in Interest Rates in Basis Points Dollar Amount Dollar Change Percent Change NPV Ratio Basis Point Change Dollar Amount Dollar Change Percent Change (Dollars in thousands) +300 $ 256,195 $ (48,046) (15.8) % 17.29 % (180) $ 60,735 $ (1,090) (1.8) % +200 273,589 (30,652) (10.1) 18.01 (108) 61,227 (598) (1.0) +100 289,637 (14,604) (4.8) 18.61 (48) 61,572 (253) (0.4) Flat 304,241 — — 19.09 — 61,825 — — -100 316,784 12,543 4.1 19.42 33 61,955 130 0.2 -200 325,975 21,734 7.1 19.55 46 61,709 (116) (0.2) -300 332,034 27,793 9.1 19.50 41 61,772 (53) (0.1)

 

Conclusions

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 31 Market Presence with Brand Recognition Seasoned Executive Leadership Deploying Technology to Enhance Client Experience Investment Summary Serving Stable Southwestern PA & Ohio River Valley markets Proven experience through all economic cycles Continuing to invest with a tech- forward and people-centric approach Investing for Growth Adding new talent, tech upgrades and investing in process improvement Rewarding Shareholders Increased quarterly dividend 8% to $0.28 per share in Q1 2026

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 32 Delivering Value to Shareholders Our goal is to continue operating as a high-performing, independent community bank, generating positive returns and adding significant value for our shareholders. ◦ Committed to Improving Financial Performance ▪ Revenue Growth ▪ Consistent returns ◦ Dividend and Capital Reinvestment ▪ Regular and reliable dividend payouts ▪ Attractive dividend yield ▪ Capital reinvestment to produce higher returns ◦ Investing in Products and Strategies for Future Growth ▪ Specialty Treasury Payments & Services ▪ Commercial Banking ▪ Mortgage Banking ◦ Creating Franchise Value ◦ Supporting Local Communities (building value beyond financial returns)

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 33 ◦ Community bank model is highly-differentiated compared with large regional banks ◦ Intense focus on sales and service culture and quality product offerings which builds full relationships with our clients ◦ Utilize technology investments to enhance speed of process while improving client experience ◦ Enhance profitability and efficiency potential while continuing to invest for future growth ◦ Continue our track record of opportunistic growth in the robust Pittsburgh Metropolitan area and across our footprint ◦ Defend and grow our relatively low-cost deposit base which enables the bank to protect net interest margin ◦ Leverage our credit culture and strong loan underwriting as a foundation to uphold our asset quality metrics Be the Community Bank of choice across our footprint Concluding Thoughts

 

CB Financial Services, Inc. (Nasdaq: CBFV) October 2026 Page 34 Company Contact John H. Montgomery President and Chief Executive Officer Phone: (724) 223-8317 Investor Relations The IR Group Diane Fitzgibbons, President Phone: (206) 388-5789 Email: dianef@theIRgroup.com Bank Main Office: 100 N. Market Street Carmichaels, PA 15320 Corporate Center: 2111 North Franklin Drive, Suite 200 Washington, PA 15301 Contact Information

 

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