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CB Financial Services, Inc. Announces First Quarter 2024 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”), today announced its first quarter 2024 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\n3/31/24\n\n\n\n\n\n\n12/31/23\n\n\n\n\n\n\n9/30/23\n\n\n\n\n\n\n6/30/23\n\n\n\n\n\n\n3/31/23\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\nNet Income (GAAP)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n4,196\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n12,966\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n2,672\n\n\n\n\n\n\n$\n\n\n\n\n\n\n2,757\n\n\n\n\n\n\n$\n\n\n\n\n\n\n4,156\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet Income Adjustments\n\n\n\n\n\n\n \n\n\n\n\n\n\n(1,000\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n(9,905\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n29\n\n\n\n\n\n\n \n\n\n\n\n\n\n78\n\n\n\n\n\n\n \n\n\n\n\n\n\n(127\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nAdjusted Net Income (Non-GAAP) (1)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n3,196\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n3,061\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n2,701\n\n\n\n\n\n\n$\n\n\n\n\n\n\n2,835\n\n\n\n\n\n\n$\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\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$\n\n\n\n\n\n\n0.82\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n2.52\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.52\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.54\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.81\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAdjusted Earnings per Common Share - Diluted (Non-GAAP) (1)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.62\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.60\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.53\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.55\n\n\n\n\n\n\n$\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(1)\n\n\n\n\n\n\nRefer to Explanation of Use of Non-GAAP Financial Measures and reconciliation of adjusted net income and adjusted earnings per common share - diluted as presented later in this Press Release.\n\n\n\n\n\n\n\n2024 First Quarter Financial Highlights\n\n\n(Comparisons to three months ended March 31, 2023...