CB Financial Services, Inc. SEC 10-Q Report

CB Financial Services, Inc., a Pennsylvania-chartered commercial bank operating through its subsidiary Community Bank, has released its Form 10-Q report for the third quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational activities for the three months ended September 30, 2025. This summary highlights key financial metrics and business developments that are crucial for stakeholders and investors.

Financial Highlights

Total Interest and Dividend Income: The company reported a total interest and dividend income of $19.341 million for the three months ended September 30, 2025. This represents a slight decrease from $19.773 million in the same period of 2024, primarily due to lower interest income from deposits.

Net Interest and Dividend Income: Net interest and dividend income increased to $13.099 million for the three months ended September 30, 2025, up from $11.474 million in the same period of 2024. This growth was driven by a reduction in interest expense.

Net (Loss) Income: The company experienced a net loss of $(5.696) million for the three months ended September 30, 2025, compared to a net income of $3.219 million in the same period of 2024. The significant net loss was largely due to a substantial net loss on investment securities.

Basic (Loss) Earnings Per Share: Basic loss per share was $(1.14) for the three months ended September 30, 2025, down from $0.63 in the same period of 2024, reflecting the net loss incurred.

Diluted (Loss) Earnings Per Share: Diluted loss per share was $(1.07) for the three months ended September 30, 2025, compared to $0.60 in the same period of 2024, indicating the impact of the net loss on per-share earnings.

Business Highlights

Revenue Segments: CB Financial Services, Inc. derives its income primarily from banking and bank-related services. This includes interest income on commercial, commercial mortgage, residential real estate, and consumer loan financing, as well as interest and dividend income on securities, and fees generated from deposit services.

Geographical Performance: The company operates through its subsidiary, Community Bank, which is headquartered in Carmichaels, Pennsylvania. The Bank operates nine offices in Greene, Allegheny, Washington, Fayette, and Westmoreland Counties in southwestern Pennsylvania, and three offices in Marshall and Ohio Counties in West Virginia.

Sales Units: The loan portfolio is segmented into residential mortgages, commercial mortgages, construction loans, commercial and industrial loans, and consumer loans. The total loans amounted to $1,143,386,000 as of September 30, 2025.

Future Outlook: The company is assessing the impact of the One Big Beautiful Bill Act (OBBBA) enacted in the U.S. on July 4, 2025. This legislation includes significant provisions such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework, and the restoration of favorable tax treatment for certain business provisions. The company expects the hedge to remain effective during the remaining term of the swap, which matures on October 17, 2026.

SEC Filing: CB Financial Services, Inc. [ CBFV ] - 10-Q - Nov. 07, 2025