Business
CB Financial Services, Inc. Announces First Quarter 2023 Financial Results and Declares Quarterly Cash Dividend
WASHINGTON, Pa.--(BUSINESS WIRE)-- CB Financial Services, Inc. (“CB” or the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”)
About this update from Cb Financial Services, Inc.
[{"type":"text","content":" WASHINGTON, Pa.--(BUSINESS WIRE)--\nCB Financial Services, Inc. (“CB” or the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”) and Exchange Underwriters, Inc. (“EU”), a wholly-owned insurance subsidiary of the Bank, today announced its first quarter 2023 financial results.\n\n\n\n\n \n\n\n\n\n\n\nThree Months Ended\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n3/31/23\n\n\n\n\n\n\n12/31/22\n\n\n\n\n\n\n9/30/22\n\n\n\n\n\n\n6/30/22\n\n\n\n\n\n\n3/31/22\n\n\n\n\n\n\n\n\n(Dollars in thousands, except per share data) (Unaudited)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n \n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n \n\n \n\n\n\n\n\n \n\n\n\nNet Income (GAAP)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n4,156\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n4,152\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n3,929\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n118\n\n\n\n\n\n \n\n$\n\n\n\n\n\n\n3,047\n\n\n\n\n\n \n\n\n\nNet Income Adjustments\n\n\n\n\n\n\n \n\n\n\n\n\n\n(127\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n(66\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n(310\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n157\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n12\n\n\n\n\n\n \n\n\n\nAdjusted Net Income (Non-GAAP) (1)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n4,029\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n4,086\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n3,619\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n275\n\n\n\n\n\n \n\n$\n\n\n\n\n\n\n3,059\n\n\n\n\n\n \n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n \n\n \n\n\n\n\n\n \n\n\n\nEarnings per Common Share - Diluted (GAAP)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.79\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.81\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.77\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.02\n\n\n\n\n\n \n\n$\n\n\n\n\n\n\n0.58\n\n\n\n\n\n \n\n\n\nAdjusted Earnings per Common Share - Diluted (Non-GAAP) (1)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.77\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.80\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.71\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.05\n\n\n\n\n\n \n\n$\n\n\n\n\n\n\n0.59\n\n\n\n\n\n \n\n\n\n(1) Refer to Explanation of Use of Non-GAAP Financial Measures and reconciliation of adjusted net income and adjusted earnings per common share - diluted in this Press Release.\n...