Business
CB Financial Services, Inc. Announces Fourth Quarter and Full Year 2021 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 fourth quarter and year-to-date 2021 financial results.\n\n\n\n\n\n \n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n \n\n\n\nYear Ended\n\n\n\n\n\n \n\n\n\n12/31/21\n\n\n\n9/30/21\n\n\n\n6/30/21\n\n\n\n3/31/21\n\n\n\n12/31/20\n\n\n\n \n\n\n\n12/31/21\n\n\n\n12/31/20\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\nNet Income (Loss) (GAAP)\n\n\n\n$\n\n\n\n6,965\n\n\n\n \n\n\n\n$\n\n\n\n1,983\n\n\n\n \n\n\n\n$\n\n\n\n(223\n\n\n\n)\n\n\n\n$\n\n\n\n2,845\n\n\n\n \n\n\n\n$\n\n\n\n3,079\n\n\n\n \n\n\n\n$\n\n\n\n11,570\n\n\n\n \n\n\n\n$\n\n\n\n(10,640\n\n\n\n)\n\n\n\n\n\nExcluding Non-Recurring Items (Non-GAAP) (1)\n\n\n\n \n\n\n\n(4,122\n\n\n\n)\n\n\n\n \n\n\n\n(17\n\n\n\n)\n\n\n\n \n\n\n\n3,440\n\n\n\n \n\n\n\n \n\n\n\n(353\n\n\n\n)\n\n\n\n \n\n\n\n40\n\n\n\n \n\n\n\n \n\n\n\n(1,053\n\n\n\n)\n\n\n\n \n\n\n\n19,343\n\n\n\n \n\n\n\n\n\nAdjusted Net Income (Non-GAAP) (1)\n\n\n\n$\n\n\n\n2,843\n\n\n\n \n\n\n\n$\n\n\n\n1,966\n\n\n\n \n\n\n\n$\n\n\n\n3,217\n\n\n\n \n\n\n\n$\n\n\n\n2,492\n\n\n\n \n\n\n\n$\n\n\n\n3,119\n\n\n\n \n\n\n\n$\n\n\n\n10,517\n\n\n\n \n\n\n\n$\n\n\n\n8,703\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 (Loss) per Common Share - Diluted (GAAP)\n\n\n\n$\n\n\n\n1.31\n\n\n\n \n\n\n\n$\n\n\n\n0.37\n\n\n\n \n\n\n\n$\n\n\n\n(0.04\n\n\n\n)\n\n\n\n$\n\n\n\n0.52\n\n\n\n \n\n\n\n$\n\n\n\n0.57\n\n\n\n \n\n\n\n$\n\n\n\n2.15\n\n\n\n \n\n\n\n$\n\n\n\n(1.97\n\n\n\n)\n\n\n\n\n\nAdjusted Earnings per Common Share - Diluted (Non-GAAP) (1)\n\n\n\n$\n\n\n\n0.53\n\n\n\n \n\n\n\n$\n\n\n\n0.36\n\n\n\n \n\n\n\n$\n\n\n\n0.59\n\n\n\n \n\n\n\n$\n\n\n\n0.46\n\n\n\n \n\n\n\n$\n\n\n\n0.58\n\n\n\n \n\n\n\n$\n\n\n\n1.95\n\n\n\n \n\n\n\n$\n\n\n\n1.61\n\n\n\n \n\n\n\n\n(1) Refer to Explanation of Use of Non-GAAP Financial Measures and reconciliation of net income (loss) and adjusted earnings per common share - diluted in this Press Release.\n\n...