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CB Financial Services, Inc. operates as the bank holding company for Community Bank that provides banking products and services for individuals and businesses. Its primary deposit products include demand deposits, NOW accounts, money market accounts, and savings and checking accounts, as well as time deposit products. The company's 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 comprising retail facilities, office buildings, and other non-residential buildings, as well as multifamily properties; 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, it invests in U.S. treasuries, U.S. government agency securities, mortgage-backed securities (MBS's), collateralized mortgage obligations (CMO's), investment grade corporate bonds, obligations of states and political subdivisions, short-term instruments, collateralized loan obligations (CLO's), and other securities; and equity securities, which includes mutual funds. CB Financial Services, Inc. was founded in 1901 and is headquartered in Carmichaels, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $41M | - | $5M | $17M | 3.1% | -15.5% | -61.1% |
| 2024 | $49M | - | $13M | $3M | 8.5% | 16.0% | -44.2% |
| 2023 | $42M | - | $23M | $11M | 16.1% | -15.2% | 100.5% |
| 2022 | $50M | - | $11M | $14M | 10.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 49.96 | 42.36 | 49.14 | 41.50 |
| Operating Revenue | - | 49.96 | 42.36 | 49.14 | 41.50 |
| Selling General And Administration | - | 19.91 | 23.41 | 20.28 | 23.77 |
| Interest Income | - | 47.62 | 62.12 | 76.02 | 75.89 |
| Interest Expense | - | 4.78 | 17.67 | 30.06 | 25.16 |
| Net Interest Income | - | 42.84 | 44.45 | 45.96 | 50.72 |
| Pretax Income | - | 14.08 | 30.28 | 15.34 | 5.30 |
| Tax Provision | - | 2.83 | 7.74 | 2.75 | 0.40 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.09 | 6.27 | 0.07 | 0 |
| Net Income Continuous Operations | - | 11.25 | 22.55 | 12.59 | 4.90 |
| Net Income From Continuing And Discontinued Operation | - | 11.25 | 22.55 | 12.59 | 4.90 |
| Net Income From Continuing Operation Net Minority Interest | - | 11.25 | 22.55 | 12.59 | 4.90 |
| Net Income | - | 11.25 | 22.55 | 12.59 | 4.90 |
| Net Income Common Stockholders | - | 11.25 | 22.55 | 12.59 | 4.90 |
| Net Income Including Noncontrolling Interests | - | 11.25 | 22.55 | 12.59 | 4.90 |
| Normalized Income | - | 10.90 | 4.23 | 12.26 | 4.87 |
| Diluted NI Availto Com Stockholders | - | 11.25 | 22.55 | 12.59 | 4.90 |
| Basic Average Shares | - | 5.14 | 5.11 | 5.13 | 5.04 |
| Diluted Average Shares | - | 5.15 | 5.12 | 5.30 | 5.31 |
| Reconciled Depreciation | - | 2.70 | 2.74 | 2.42 | 1.81 |
| Total Unusual Items | - | 0.43 | 24.59 | 0.41 | 0.04 |
| Total Unusual Items Excluding Goodwill | - | 0.43 | 24.59 | 0.41 | 0.04 |
| Special Income Charges | - | 0.43 | 24.59 | 0.41 | 0.04 |
| Gain On Sale Of Business | - | 0 | 24.58 | 0.14 | 0 |
| Other Special Charges | - | -0.43 | -0.01 | -0.27 | -0.04 |
| Impairment Of Capital Assets | 3.47 | 0 | - | - | - |
| Gain On Sale Of Security | - | -0.17 | -10.20 | 0.05 | -11.81 |
| Depreciation Amortization Depletion Income Statement | - | 1.78 | 1.77 | 0.96 | 0 |
| Depreciation And Amortization In Income Statement | - | 1.78 | 1.77 | 0.96 | 0 |
| General And Administrative Expense | - | 19.38 | 22.98 | 19.79 | 23.21 |
| Other Gand A | 2.15 | 1.79 | - | - | - |
| Salaries And Wages | - | 18.47 | 21.90 | 18.82 | 22.21 |
| Insurance And Claims | - | 0.91 | 1.08 | 0.97 | 1 |
| Selling And Marketing Expense | - | 0.53 | 0.43 | 0.48 | 0.57 |
| Amortization | - | 1.78 | 1.77 | 0.96 | 0 |
| Amortization Of Intangibles Income Statement | - | 1.78 | 1.77 | 0.96 | 0 |
| Occupancy And Equipment | - | 3.79 | 4.06 | 4.25 | 3.96 |
| Professional Expense And Contract Services Expense | - | 1.24 | 1.18 | 0.98 | 1.02 |
| Other Non Interest Expense | - | 5.82 | 6.75 | 7.17 | 6.89 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CB Financial Services, Inc.this co. | CBFV | $174M | 35.48↑ premium | 1.10 | 3.1% | - |
| James River Group Holdings, Inc. | JRVR | $183M | 4.63 | 0.27 | 5.9% | - |
| Rhinebeck Bancorp, Inc. | RBKB | $181M | 18.05 | 1.32 | 7.3% | - |
| Eagle Bancorp Montana, Inc. | EBMT | $181M | 12.18 | 0.94 | 7.7% | - |
| Finance of America Companies Inc. | FOA |
| - |
| - |
| - |
| - |
| - |
| - |
| $179M |
| 3.98 |
| 0.55 |
| 13.9% |
| - |
| SelectQuote, Inc. | SLQT | $176M | 3.69 | 0.50 | 13.5% | 3.77 |
| Landmark Bancorp, Inc. | LARK | $175M | 9.30 | 1.09 | 11.7% | - |
| BV Financial, Inc. | BVFL | $174M | 12.90 | 0.95 | 7.3% | - |
| MainStreet Bancshares, Inc. | MNSB | $166M | 12.33 | 0.76 | 6.2% | - |
| Peer Median | - | 10.74 | 0.85 | 7.5% | 3.77 | |