CB Financial Services Inc (OQ:CBFV)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 100 N Market St CARMICHAELS PA 15320 |
| Tel: | N/A |
| Website: | https://www.communitybank.tv/investor-relations.htm |
| IR: | See website |
| Key People | ||
| John H. Montgomery President, Chief Executive Officer, Director | Jamie L. Prah Chief Financial Officer, Executive Vice President | Jennifer L. George Senior Executive Vice President, Chief Operations Officer | Ralph Burchianti Senior Executive Vice President, Chief Credit Officer, Director |
| Business Overview |
| CB Financial Services, Inc. is the bank holding company. The Company conducts its operations primarily through its wholly owned subsidiary, Community Bank (the Bank). The Bank offers range of residential and commercial real estate loans, commercial and industrial loans, and consumer loans and deposit products for individuals and businesses in its market area. The Company's principal lending activity has been the origination in its local market area of residential one- to four-family, commercial real estate, construction, and others. Its residential real estate loans are comprised of loans secured by one- to four-family residential properties. It provides loans to individuals to finance the construction of residential dwellings, construction of commercial properties, including hotels, and apartment buildings. Its investment portfolio includes United States Government Agency Securities, Obligations of States and Political Subdivisions, Mortgage-Backed Securities, and Corporate Debt. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, CB Financial Services Inc interest income increased 30% to $62.2M. Net interest income after loan loss provision increased 15% to $45.1M. Net income increased 100% to $22.6M. Net interest income after loan loss provision reflects CB Financial Services Inc segment increase of 3% to $5.2M, Net Interest Margin - Total - % increase of 1% to 3.29%. |
| Employees: | 159 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $118.70M as of Dec 31, 2023 |
| Annual revenue (TTM): | $62.23M as of Dec 31, 2023 |
| EBITDA (TTM): | $34.23M as of Dec 31, 2023 |
| Net annual income (TTM): | $22.55M as of Dec 31, 2023 |
| Free cash flow (TTM): | $5.83M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $8.90M as of Dec 31, 2023 |
| Shares outstanding: | 5,142,901 as of Mar 25, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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