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CB Financial Services, Inc. Announces Fourth Quarter and Full Year 2022 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 2022 financial results.\n\n\n\n \n\n\n\n\nThree Months Ended\n\n\n\n\nYear Ended\n\n\n\n\n\n \n\n\n\n\n12/31/22\n\n\n\n\n9/30/22\n\n\n\n\n6/30/22\n\n\n\n\n3/31/22\n\n\n\n\n12/31/21\n\n\n\n\n12/31/22\n\n\n\n\n12/31/21\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\nNet Income (GAAP)\n\n\n\n\n$\n\n\n\n4,152\n\n\n\n \n\n\n\n\n$\n\n\n\n3,929\n\n\n\n \n\n\n\n\n$\n\n\n\n118\n\n\n\n\n$\n\n\n\n3,047\n\n\n\n\n$\n\n\n\n6,965\n\n\n\n \n\n\n\n\n$\n\n\n\n11,247\n\n\n\n \n\n\n\n\n$\n\n\n\n11,570\n\n\n\n \n\n\n\n\n\nNon-Recurring Items\n\n\n\n\n \n\n\n\n(66\n\n\n\n)\n\n\n\n\n \n\n\n\n(310\n\n\n\n)\n\n\n\n\n \n\n\n\n157\n\n\n\n\n \n\n\n\n12\n\n\n\n\n \n\n\n\n(4,122\n\n\n\n)\n\n\n\n\n \n\n\n\n(208\n\n\n\n)\n\n\n\n\n \n\n\n\n(1,053\n\n\n\n)\n\n\n\n\n\nAdjusted Net Income (Non-GAAP) (1)\n\n\n\n\n$\n\n\n\n4,086\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\n275\n\n\n\n\n$\n\n\n\n3,059\n\n\n\n\n$\n\n\n\n2,843\n\n\n\n \n\n\n\n\n$\n\n\n\n11,039\n\n\n\n \n\n\n\n\n$\n\n\n\n10,517\n\n\n\n \n\n\n\n\n\n \n\n\n\n\n \n\n\n\n\n \n\n\n\n\n \n\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$\n\n\n\n0.81\n\n\n\n \n\n\n\n\n$\n\n\n\n0.77\n\n\n\n \n\n\n\n\n$\n\n\n\n0.02\n\n\n\n\n$\n\n\n\n0.58\n\n\n\n\n$\n\n\n\n1.31\n\n\n\n \n\n\n\n\n$\n\n\n\n2.18\n\n\n\n \n\n\n\n\n$\n\n\n\n2.15\n\n\n\n \n\n\n\n\n\nAdjusted Earnings per Common Share - Diluted (Non-GAAP) (1)\n\n\n\n\n$\n\n\n\n0.80\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\n0.05\n\n\n\n\n$\n\n\n\n0.59\n\n\n\n\n$\n\n\n\n0.53\n\n\n\n \n\n\n\n\n$\n\n\n\n2.14\n\n\n\n \n\n\n\n\n$\n\n\n\n1.95\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\n\n\n\n2022 Fourth Quarter Financial Highlights\n\n(Comparisons to three mon...