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CB Financial Services, Inc. Announces Second Quarter and Year-to-Date 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 second quarter and year-to-date 2021 financial results.\n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n \n\n\n\nSix Months Ended\n\n\n\n\n\n \n\n\n\n6/30/21\n\n\n\n3/31/21\n\n\n\n12/31/20\n\n\n\n9/30/20\n\n\n\n6/30/20\n\n\n\n \n\n\n\n6/30/21\n\n\n\n6/30/20\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 (Loss) Income (GAAP)\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\n(17,395)\n\n\n\n \n\n\n\n$\n\n\n\n2,903\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n2,622\n\n\n\n \n\n\n\n$\n\n\n\n3,676\n\n\n\n \n\n\n\n\n\nExcluding Non-Recurring Items (Non-GAAP) (1)\n\n\n\n3,440\n\n\n\n \n\n\n\n(353)\n\n\n\n \n\n\n\n40\n\n\n\n \n\n\n\n19,337\n\n\n\n \n\n\n\n(408)\n\n\n\n \n\n\n\n \n\n\n\n3,087\n\n\n\n \n\n\n\n(76)\n\n\n\n \n\n\n\n\n\nAdjusted Net Income (Non-GAAP) (1)\n\n\n\n$\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$\n\n\n\n1,942\n\n\n\n \n\n\n\n$\n\n\n\n2,495\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n5,709\n\n\n\n \n\n\n\n$\n\n\n\n3,600\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n(Loss) Earnings per Common Share - Diluted (GAAP)\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\n(3.22)\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\n\n\n0.48\n\n\n\n \n\n\n\n$\n\n\n\n0.68\n\n\n\n \n\n\n\n\n\nAdjusted Earnings per Common Share - Diluted (Non-GAAP) (1)\n\n\n\n$\n\n\n\n0.59\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$\n\n\n\n0.36\n\n\n\n \n\n\n\n$\n\n\n\n0.46\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.05\n\n\n\n \n\n\n\n$\n\n\n\n0.66\n\n\n\n \n\n\n\n\n(1) Refer to Explanation of Use of Non-GAAP Financial Measures and reconciliation of net (loss) income and adjusted earnings per common share - diluted in this Press Release.\n\n2021 Second Quarter Financ...