CB Financial Services, Inc.
- Open
- 36.68
- Day high
- 36.68
- Day low
- 35.81
- Prev close
- 36.36
- Volume
- 5K
- Mkt cap
- $182M
- P/E (TTM)
- 26.1
- EPS (TTM)
- $1.37
- P/B
- 1.1
- P/S
- 2.6
- Yield
- 3.02%
- Per share
- $1.08
CB Financial Services, Inc. (CBFV) is a Financial Services company listed on NASDAQ. The stock is up 29% over the past year.
CB Financial Services, Inc. (CBFV) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CBFV earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $0.71 | $0.72 | +1.4% | $15M | -1.2% |
| Mar 13, 2026 | — | $0.89 | — | $22M | — |
| Oct 23, 2025 | $0.66 | $0.74 | +12.1% | $8M | -44.7% |
| Jul 22, 2025 | $0.40 | $0.74 | +85.0% | $13M | -6.3% |
| Apr 23, 2025 | $0.43 | $0.50 | +16.3% | $12M | -7.2% |
| Mar 19, 2025 | — | $0.46 | — | $20M | — |
| Oct 25, 2024 | $0.51 | $0.55 | +7.8% | $12M | -3.7% |
| Jul 24, 2024 | $0.51 | $0.52 | +2.0% | $12M | -4.3% |
| Apr 26, 2024 | $0.55 | $0.62 | +12.7% | $13M | +5.7% |
| Jan 31, 2024 | $0.57 | $0.60 | +5.3% | $8M | -35.5% |
| Oct 27, 2023 | $0.58 | $0.52 | -10.3% | $13M | -3.3% |
| Jul 28, 2023 | $0.70 | $0.54 | -22.9% | $13M | -8.1% |
CBFV insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 17, 2026 | Montgomery John Hainesdirector, officer: President and CEO | Option | 3,500 | $18.60 |
| Jun 17, 2026 | Montgomery John Hainesdirector, officer: President and CEO | Option | 0 | $18.60 |
| Mar 6, 2026 | Cobain Stephenofficer: Chief Credit Officer | Sell | 26 | $34.62 |
| Mar 6, 2026 | Cobain Stephenofficer: Chief Credit Officer | Option | 1,792 | $22.12 |
| Mar 6, 2026 | Cobain Stephenofficer: Chief Credit Officer | Sell | 100 | $34.78 |
| Mar 6, 2026 | Cobain Stephenofficer: Chief Credit Officer | Sell | 1 | $35.08 |
| Mar 6, 2026 | Cobain Stephenofficer: Chief Credit Officer | Option | 0 | $22.12 |
| Mar 6, 2026 | Cobain Stephenofficer: Chief Credit Officer | Sell | 50 | $34.78 |
| Mar 6, 2026 | Cobain Stephenofficer: Chief Credit Officer | Sell | 305 | $34.76 |
| Mar 6, 2026 | Cobain Stephenofficer: Chief Credit Officer | Sell | 23 | $34.52 |
| Mar 6, 2026 | Cobain Stephenofficer: Chief Credit Officer | Sell | 1,285 | $34.51 |
| Mar 6, 2026 | Cobain Stephenofficer: Chief Credit Officer | Sell | 2 | $34.63 |
| Feb 23, 2026 | Cobain Stephenofficer: Chief Credit Officer | Sell | 111 | $33.77 |
| Feb 23, 2026 | Engles Amanda Lofficer: EVP and CFO | Sell | 6 | $33.92 |
| Feb 23, 2026 | Engles Amanda Lofficer: EVP and CFO | Sell | 43 | $33.77 |
Source: CBFV SEC Form 4 filings, latest Jun 17, 2026. For informational purposes only — not investment advice.
See the full CBFV insider & 13F page →CB Financial Services, Inc. company profile
Overview
CB Financial Services, Inc. (NASDAQ:CBFV) is a regional bank holding company founded in 1901 and headquartered in Carmichaels, Pennsylvania. The company operates through its primary subsidiary, Community Bank, serving customers across southwestern Pennsylvania, West Virginia, and Ohio. With over 120 years of banking history, CB Financial has evolved from a local community bank into a regional financial institution operating 13 branch offices and one loan production office across its market area. The bank went public in 2003 and continues to focus on traditional community banking services while expanding its geographic footprint in the tri-state region.
Business
CB Financial Services operates in the regional banking industry, providing traditional banking products and services to individuals and businesses in its geographic markets. The company's core business revolves around deposit-taking and lending activities, which form the foundation of commercial banking operations. The bank's primary deposit products include demand deposits (checking accounts that allow immediate withdrawals), NOW accounts (negotiable order of withdrawal accounts that earn interest), money market accounts (higher-yield savings accounts with limited transactions), regular savings accounts, and various time deposit products such as certificates of deposit. These deposits provide the funding base that banks use to make loans and generate interest income. On the lending side, CB Financial offers a comprehensive range of loan products. Residential real estate loans include traditional one-to-four family mortgage loans, home equity installment loans, and home equity lines of credit that allow homeowners to borrow against their property's value. Commercial real estate loans are secured by improved properties like retail facilities, office buildings, and other non-residential structures. The bank also provides construction loans for both residential dwelling construction and commercial projects including hotels, apartment buildings, and owner-occupied business properties. Additionally, the bank offers commercial and industrial loans and lines of credit to businesses for working capital and expansion needs, consumer loans including indirect auto loans (loans originated through car dealerships), secured and unsecured personal loans, and consumer lines of credit. Beyond traditional banking, CB Financial conducts insurance agency activities, offering property and casualty insurance, commercial liability coverage, surety bonds, and other insurance products to complement its banking services.
Revenue model
CB Financial generates revenue primarily through the net interest margin - the difference between interest earned on loans and investments and interest paid on deposits and borrowed funds. This is the fundamental business model of commercial banking, where the bank acts as a financial intermediary, collecting deposits from savers and lending those funds to borrowers at higher interest rates. The bank's paying customers include individual consumers seeking mortgages, auto loans, and personal banking services, as well as businesses requiring commercial loans, lines of credit, and deposit services. The insurance agency operations generate additional revenue through commissions and fees from insurance product sales. Several factors significantly impact the bank's profitability margins. Interest rate environment is the most critical factor - rising rates generally benefit banks by increasing the spread between loan yields and deposit costs, while falling rates compress margins. Credit quality directly affects profitability, as loan losses reduce net income and require provisions that lower earnings. The bank's cost of funds depends on competition for deposits in its markets and the Federal Reserve's monetary policy. Regulatory compliance costs represent a significant expense for regional banks, including costs for capital requirements, regulatory reporting, and compliance personnel. Operating leverage affects margins, as the bank's fixed costs (branches, personnel, technology) must be spread across its revenue base. Competition from larger national banks, credit unions, and non-bank lenders can pressure both loan pricing and deposit rates. Finally, economic conditions in the bank's geographic markets influence loan demand, credit losses, and overall profitability.
Competitive moat
CB Financial operates in the highly competitive regional banking sector with limited sustainable competitive advantages. The company's primary moat stems from its local market relationships and community banking focus, which can provide some protection against larger national competitors who may not offer the same level of personalized service and local decision-making. The bank's geographic concentration in southwestern Pennsylvania, West Virginia, and Ohio provides intimate knowledge of local markets, businesses, and economic conditions, potentially leading to better credit decisions and customer relationships. However, this concentration also represents a vulnerability, as economic downturns in these specific regions could disproportionately impact the bank. Regulatory barriers to entry provide some protection, as starting a new bank requires significant capital and regulatory approval. However, this protection is limited since numerous existing banks compete for the same customers, and non-bank financial service providers continue to encroach on traditional banking services. The bank's moat is relatively weak compared to larger regional or national banks that benefit from greater scale economies, broader geographic diversification, and more sophisticated technology platforms. Fintech disruption poses an ongoing threat, particularly in consumer lending and payments, where technology-driven competitors can offer more convenient and sometimes cheaper alternatives. Credit unions also compete directly with community banks, often with tax advantages and member-focused business models. The company's small size limits its ability to invest in advanced technology platforms and compete on digital banking capabilities, which are increasingly important to customers. Overall, CB Financial's competitive position relies heavily on maintaining strong local relationships and providing superior customer service, but these advantages can be eroded over time by larger, more technologically sophisticated competitors.
Risks & safety
CB Financial demonstrates moderate financial stability with some areas of concern: • Overall Assessment: The bank maintains adequate capital levels but shows declining profitability and concerning cash flow patterns • Cash and Liquidity: Strong cash position with $49.6 million in cash and short-term investments as of Q4 2024, representing 3.3% of total assets • Debt Levels: Reasonable debt-to-equity ratio of 0.24, indicating conservative leverage • Solvency Risk: Low immediate solvency risk given strong capital ratios typical of regulated banks • Profitability Trends: Net income declined from $22.6 million in 2023 to $12.6 million in 2024, representing a 44% decrease • Valuation Metrics: Trading at P/E ratio of 11.7x and price-to-book ratio of 1.0x, suggesting reasonable valuation • Return Metrics: Return on equity of 8.5% in 2024, down from 16.1% in 2023 • Operational Cash Flow: Positive but volatile, ranging from negative $0.6 million in Q2 2024 to positive $6.8 million for full year 2024 • Regulatory Capital: As a regulated bank, maintains required capital ratios but specific regulatory capital metrics not disclosed in available data
Recent development
Based on the available financial data, CB Financial has experienced significant operational changes over the past few years, though specific strategic initiatives are not detailed due to the absence of earnings call transcripts. The most notable development has been a substantial decline in profitability, with net income falling from $22.6 million in 2023 to $12.6 million in 2024, representing a 44% decrease. The bank has also experienced revenue volatility, with annual revenue declining from $68.7 million in 2023 to $49.1 million in 2024. This decline suggests potential challenges in the bank's core lending and deposit-taking activities, possibly related to interest rate environment changes or competitive pressures in its markets. Balance sheet management has shown some fluctuation, with total assets remaining relatively stable around $1.5 billion, but the composition has shifted. The bank's cash position decreased significantly from $68.2 million at the end of 2023 to $49.6 million at the end of 2024, indicating potential changes in liquidity management or investment strategies. The bank's geographic footprint has remained consistent with 13 branch offices across southwestern Pennsylvania, West Virginia, and Ohio, plus one loan production office, suggesting a focus on optimizing existing operations rather than aggressive expansion. The insurance agency operations continue to provide diversified revenue streams beyond traditional banking services, though the specific contribution to overall revenue is not quantified in the available data.
CBFV company profile · for informational purposes only — not investment advice.
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