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CB Financial Services, Inc. Announces Third 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 third quarter and year-to-date 2022 financial results.\n\n\n\n \n\n\n \n\nThree Months Ended\n\n\n \n\nNine Months Ended\n\n\n\n\n\n \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\n9/30/21\n\n\n \n\n9/30/22\n\n\n \n\n9/30/21\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 (GAAP)\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$\n\n\n\n1,983\n\n\n\n \n\n\n \n\n$\n\n\n\n7,094\n\n\n\n \n\n\n \n\n$\n\n\n\n4,605\n\n\n\n\n\nNon-Recurring Items\n\n\n \n\n \n\n\n\n(310\n\n\n\n)\n\n\n \n\n \n\n\n\n157\n\n\n \n\n \n\n\n\n12\n\n\n \n\n \n\n\n\n(4,122\n\n\n\n)\n\n\n \n\n \n\n\n\n(17\n\n\n\n)\n\n\n \n\n \n\n\n\n(141\n\n\n\n)\n\n\n \n\n \n\n\n\n3,070\n\n\n\n\n\nAdjusted Net Income (Non-GAAP) (1)\n\n\n \n\n$\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\n1,966\n\n\n\n \n\n\n \n\n$\n\n\n\n6,953\n\n\n\n \n\n\n \n\n$\n\n\n\n7,675\n\n\n\n\n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\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$\n\n\n\n0.77\n\n\n\n \n\n\n \n\n$\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$\n\n\n\n0.37\n\n\n\n \n\n\n \n\n$\n\n\n\n1.37\n\n\n\n \n\n\n \n\n$\n\n\n\n0.85\n\n\n\n\n\nAdjusted Earnings per Common Share - Diluted (Non-GAAP) (1)\n\n\n \n\n$\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\n0.36\n\n\n\n \n\n\n \n\n$\n\n\n\n1.35\n\n\n\n \n\n\n \n\n$\n\n\n\n1.42\n\n\n\n\n\n\n(1)\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 in this Press Release.\n\n\n\n\n2022 Third Quarter Financi...