CB Financial Services Q1 2024 Earnings Report

CB Financial Services EPS Results

• Actual EPS: $0.62
• Consensus EPS: $0.53
• Beat/Miss: Beat by +$0.09
• One Year Ago EPS: N/A

CB Financial Services Revenue Results

• Actual Revenue: $13.51 million
• Expected Revenue: $12.10 million
• Beat/Miss: Beat by +$1.41 million
• YoY Revenue Growth: N/A

CB Financial Services Announcement Details

• Quarter: Q1 2024
• Date: 4/26/2024
• Time: N/A

CB Financial Services (NASDAQ:CBFV) operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products. Its loan products comprise residential real estate loans, such as one- to four-family mortgage loans, home equity installment loans, and home equity lines of credit; commercial real estate loans that are secured primarily by improved properties, such as retail facilities, office buildings, and other non-residential buildings; construction loans to individuals to finance the construction of residential dwellings, as well as for the construction of commercial properties, including hotels, apartment buildings, housing developments, and owner-occupied properties used for businesses; commercial and industrial loans, and lines of credit; consumer loans consisting of indirect auto loans, secured and unsecured loans, and lines of credit; and other loans. In addition, the company conducts insurance agency activities by offering property and casualty, commercial liability, surety, and other insurance products. The company was founded in 1901 and is headquartered in Carmichaels, Pennsylvania.