CBFV
CB Financial Services, Inc.36.51
+0.12+0.33%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
182.95MP/E (TTM)
70.21Basic EPS (TTM)
0.52Dividend Yield
0.03%Recent Filings
8-K
10-Q
Q3 FY2025 results
CB Financial Services posted a Q3 net loss of $5.7 million, or $1.07 diluted EPS, versus $3.2 million net income and $0.60 EPS a year earlier, driven by an $11.8 million after-tax loss on securities sales amid a portfolio repositioning that swapped low-yield assets for higher ones. Net interest income climbed 14% year-over-year to $13.1 million, with margin expanding 53 basis points to 3.64% (derived), fueled by loan growth and deposit cost relief despite Fed rate cuts. Loans rose 4.6% to $1.14 billion, anchored by commercial real estate, while deposits grew 4% to $1.33 billion; quarter-end cash stood at $55.9 million with $478.6 million FHLB availability and $34.7 million in borrowings. The repositioning should boost future margins by 19 basis points. Yet competition in southwestern Pennsylvania's lending market remains a persistent drag.
8-K
Q3 loss from securities repositioning
CB Financial Services reported a Q3 2025 net loss of $5.7 million due to a $9.3 million after-tax loss from selling $129.6 million in low-yield securities, repositioning into higher-yield assets expected to boost net interest margin by 19 basis points and earnings per share by $0.40 annually. Loans grew 4.6% year-to-date to $1.14 billion, driven by commercial real estate and industrial lending, while deposits rose 4.0% to $1.33 billion with a favorable mix shift to lower-cost core accounts; NIM improved to 3.64%. The board declared a $0.26 per share dividend, payable November 28. Balance sheet tweaks sharpen earnings amid rate cuts.
8-K
Authorizes $5M stock buyback
CB Financial Services authorized a $5 million stock repurchase program on September 4, 2025, targeting up to 153,233 shares or 3.1% of its outstanding common stock based on the prior day's close. The program runs through September 30, 2026, using open-market or private transactions under a Rule 10b5-1 plan to navigate trading blackouts. It signals confidence in undervaluation, yet remains flexible amid market shifts and economic risks.
8-K
Balance sheet repositioning announced
CB Financial Services sold $129.6 million in low-yielding available-for-sale securities at an average 2.87% yield, booking a $9.3 million after-tax loss, then plans to reinvest $117.8 million into higher-yield assets averaging 5.51%. This repositioning boosts net interest margin by 20 basis points and adds $0.41 to annual EPS, with the loss recouped in 4.2 years. It neutralizes equity impact while keeping capital ratios strong. Earnings will rise.
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