CB Financial Services Q4 net income rises to $4.74 mln

Overview

• Pennsylvania bank's Q4 net income rises to $4.74 mln, reversing previous quarter's loss

• Company declared a 7.7% increase in quarterly cash dividend

Outlook

• CB Financial Services plans to expand its mortgage lending group in 2026

• Company anticipates progress in Specialty Treasury Payments program in Q1 2026

• CB Financial Services aims to improve net interest margin through balance sheet optimization

Result Drivers

• BALANCE SHEET REPOSITIONING - CB Financial Services improved net interest margin through strategic repositioning of its investment securities portfolio, selling lower-yielding assets and purchasing higher-yielding ones

• COMMERCIAL LOAN GROWTH - The company increased its commercial loan portfolio, which now constitutes 61.3% of total loans, up from 54.7% a year earlier

• NONINTEREST EXPENSES - Noninterest expenses rose due to higher salaries and benefits, driven by staff additions and platform enhancements

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for CB Financial Services Inc is $38.00, about 8.3% above its January 26 closing price of $35.09

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw2ptkWpa

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