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CB Financial Services, Inc. Announces Second Quarter and Year-to-Date 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 second quarter and year-to-date 2022 financial results.\n\n\n\n \n\n\n \n\nThree Months Ended\n\n\n \n\nSix Months Ended\n\n\n\n\n\n \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\n9/30/21\n\n\n \n\n6/30/21\n\n\n \n\n6/30/22\n\n\n \n\n6/30/21\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 (Loss) (GAAP)\n\n\n \n\n$\n\n\n \n\n118\n\n\n \n\n$\n\n\n \n\n3,047\n\n\n \n\n$\n\n\n \n\n6,965\n\n\n \n\n \n\n\n \n\n$\n\n\n \n\n1,983\n\n\n \n\n \n\n\n \n\n$\n\n\n \n\n(223\n\n\n)\n\n \n\n$\n\n\n \n\n3,165\n\n\n \n\n$\n\n\n \n\n2,622\n\n\n\n\n\nNon-Recurring Items\n\n\n \n\n \n\n\n \n\n157\n\n\n \n\n \n\n\n \n\n12\n\n\n \n\n \n\n\n \n\n(4,122\n\n\n)\n\n \n\n \n\n\n \n\n(17\n\n\n)\n\n \n\n \n\n\n \n\n3,440\n\n\n \n\n \n\n\n \n\n \n\n\n \n\n169\n\n\n \n\n \n\n\n \n\n3,087\n\n\n\n\n\nAdjusted Net Income (Non-GAAP) (1)\n\n\n \n\n$\n\n\n \n\n275\n\n\n \n\n$\n\n\n \n\n3,059\n\n\n \n\n$\n\n\n \n\n2,843\n\n\n \n\n \n\n\n \n\n$\n\n\n \n\n1,966\n\n\n \n\n \n\n\n \n\n$\n\n\n \n\n3,217\n\n\n \n\n \n\n\n \n\n$\n\n\n \n\n3,334\n\n\n \n\n$\n\n\n \n\n5,709\n\n\n\n\n\nEarnings (Loss) per Common Share - Diluted (GAAP)\n\n\n \n\n$\n\n\n \n\n0.02\n\n\n \n\n$\n\n\n \n\n0.58\n\n\n \n\n$\n\n\n \n\n1.31\n\n\n \n\n \n\n\n \n\n$\n\n\n \n\n0.37\n\n\n \n\n \n\n\n \n\n$\n\n\n \n\n(0.04\n\n\n)\n\n \n\n$\n\n\n \n\n0.61\n\n\n \n\n$\n\n\n \n\n0.48\n\n\n\n\n\nAdjusted Earnings per Common Share - Diluted (Non-GAAP) (1)\n\n\n \n\n$\n\n\n \n\n0.05\n\n\n \n\n$\n\n\n \n\n0.59\n\n\n \n\n$\n\n\n \n\n0.53\n\n\n \n\n \n\n\n \n\n$\n\n\n \n\n0.36\n\n\n \n\n \n\n\n \n\n$\n\n\n \n\n0.59\n\n\n \n\n \n\n\n \n\n$\n\n\n \n\n0.64\n\n\n \n\n$\n\n\n \n\n1.05\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\n2022 Second Quarter Financial Highlights\n\n(Comparison...