Cb Financial Services, Inc. · NASDAQ:CBFV
Cb Financial Services — Q3 2025 Earnings Presentation
32 slides from Cb Financial Services's earnings presentation, Oct 23, 2025
Slide 1: CB Financial Services, Inc. Investor Presentation October 2025
ch Financial Services, Inc. Investor Presentation | October 2025 The Q3 2025 Investor Presentation should be read in conjunction with the Earnings Release furnished in Exhibit 99.1 to Form 8K furnished with the SEC on October 23, 2025. Realizing Dreams, Protecting Futures, Improving Lives
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures Statements contained in this investor presentation that are not historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and such forward-looking statements ar
Slide 3: CB Financial Services, Inc. - Corporate Overview
CB Financial Services, Inc. - Corporate Overview • Holding Company for Community Bank (Carmichaels, PA), serving the community since 1901 • Community Bank operates 12 full-service branch offices Branches/ITM and two loan production offices in southwestern LPO Pennsylvania and northern West Virginia
Slide 4: About Us
About Us Our Mission Statement Community Bank partners with individuals, businesses and communities to realize their dreams, protect their financial futures and improve their lives. Our Core Values Take Care of Each Other Always Do the Right Thing Be a Great Teammate Work Hard to Achieve Our Goals G
Slide 5: Creating Value for our Shareholders and Stakeholders
Creating Value for our Shareholders and Stakeholders Strategic Initiatives • Revenue Growth ▪ Outperform peer organic revenue growth • People, Culture & Innovation ▪ Upgrade our organizational culture, practices and structure to attract top talent and embed innovation • Digital Delivery & Transforma
Slide 6: Strategic Focus
Strategic Focus Treasury Management & Commercial Banking Strategy Strategic Focus Objectives Results CB's footprint contains highly concentrated markets and Build and develop a Treasury Management (TM) and In 2024, the Bank retained Jim Mele, a seasoned veteran with there is opportunity to gain mark
Slide 7: 2025 Macro Outlook
2025 Macro Outlook Overall, while there are positive factors, CB will need to remain vigilant and adaptable to navigate the uncertainties and complexities of the macroeconomic landscape in 2025 and beyond. Item Comment The Federal Reserve's rate cuts are anticipated to continue during Q4 2025 and 20
Slide 8: Q3 2025 Financial Highlights
Q3 2025 Financial Highlights
Slide 9: Q3 2025 Highlights (Unaudited)
Q3 2025 Highlights (Unaudited) Balance Sheet & Asset Quality (as of September 30, 2025 unless otherwise noted) • Steady loan portfolio. Total loans ($1.13 billion) increased 2.9% from June 30, 2025 and 4.7% from December 31, 2024 due to commercial lending efforts. Excluding the reduction in the Bank
Slide 10: Q3 2025 Results Overview (Unaudited)
Q3 2025 Results Overview (Unaudited) Financial Highlights Quarterly Highlights(3) Change ($000s except per share) Q3 2025 Q2 2025 Q3 2024 Balance Sheet: Balance Sheet Total Net Loans (Net Allowance) $ 1,133,240 $ 32,138 $ 76,964 • Loans increased $32.1 million as a result of commercial lending Total
Slide 11: Financial Trends - Balance Sheet (Unaudited)
Financial Trends - Balance Sheet (Unaudited) Total Assets Total Net Loans $1,600 Net Loans Yield on Loans $1,562 $1,546 $1,150 6.00% $1,133 $1,518 $1,125 5.80% $1,500 $1,482 $1,483 $1,101 in millions $1,100 $1,083 in millions $1,079 5.60% $1,075 $1,056 $1,400 5.40% $1,050 $1,025 5.20% $1,300 $1,000
Slide 12: Financial Trends - Reported Earnings and Profitability (Unaudited)
Financial Trends - Reported Earnings and Profitability (Unaudited) Net (Loss) Income / PPNR (non-GAAP) Earnings Per Share (EPS) - Diluted Net (Loss) Income PPNR $1.00 $4,723 $0.74 $3,925 $3,949 $0.60 $3,734 $0.46 $4,000 $3,219 $0.50 $0.35 $2,529 $1,909 $2,296 $2,000 $— in thousands $— $(2,000) $(0.5
Slide 13: Financial Trends - Core Earnings and Profitability (Unaudited)
Financial Trends - Core Earnings and Profitability (1) (Unaudited) Core Net Income / Core PPNR (non-GAAP) Core EPS - Diluted (non-GAAP) Core Net Income Core PPNR $0.80 $0.74 $0.74 $4,991 $5,000 $4,723 $3,949 $3,927 $0.60 $0.55 $4,000 $3,542 $0.50 $3,319 $2,926 $3,023 in thousands $3,000 $2,717 $0.40
Slide 14: Financial Trends - Earnings and Profitability (Unaudited)
Financial Trends - Earnings and Profitability (Unaudited) Total Revenue (non-GAAP) Highlights - Noninterest Income (adj.) (non-GAAP) Net Interest Income Noninterest Income (adj.) $15,000 $13,500 $1,074 • All periods exclude gains/losses on securities. $930 $13,099 • Q3 2024 - excludes a gain of $138
Slide 15: Year-to-Date Monthly Trends (Unaudited)
Year-to-Date Monthly Trends (Unaudited) Net Interest Margin (NIM) (Non-GAAP) Net Interest Income (FTE) (Non-GAAP) 6.00% 5.62% $4,750 5.16% 5.00% $4,500 3.88% 4.00% $4,250 3.25% 3.00% $4,000 2.56% $3,750 2.00% 2.33% $3,500 1/31/2025 3/31/2025 5/31/2025 7/31/2025 9/30/2025 $3,250 Net Interest Margin (
Slide 16: Deposit Composition / Characteristics
Deposit Composition / Characteristics
Slide 17: Deposit Mix and Cost (Unaudited)
Deposit Mix and Cost (Unaudited) Deposit Mix Cost of Interest-Bearing Deposits 5.36% 5.50% 9/30/24 19.7% 24.1% 16.3% 12.7% 19.8% 7.4% 5.00% 4.81% 4.40% 4.37% 4.50% 4.36% 12/31/24 20.9% 24.7% 18.0% 13.3% 20.1% 3.0% 4.00% 4.39% 4.29% 3.27% Noninterest-Bearing 3.50% 3.95% Interest-Bearing 3.00% 3.12% M
Slide 18: Secure Deposit Base (Unaudited)
Secure Deposit Base (Unaudited) • In total, 75.9% of client deposits (non- brokered) are FDIC insured or As of 9/30/2025 collateralized with investment securities as of September 30, 2025, compared to 78.4% as of December 31, 2024. Uninsured, 24.1% • Uninsured client deposits consist of business & r
Slide 19: Strong Liquidity Position (Unaudited)
Strong Liquidity Position (Unaudited) Highlights Other Capacity Cash • Cash & Cash Equivalents totaled $55.9 million, $50.0 million $55.9 million or 3.6% of total assets. Investments $93.2 million • Investment Securities totaled $272.6 million, with $179.3 million utilized as collateral for public f
Slide 20: Loan Portfolio Composition
Loan Portfolio Composition
Slide 21: Loan Portfolio Composition (Unaudited)
Loan Portfolio Composition (Unaudited) As of 9/30/2025 Highlights Consumer 4.3% Real Estate- Other 3.3% • Loans increased $50.8 million, or 4.6%, from Residential 29.2% December 31, 2024 due primarily from commercial Commercial & Industrial 12.6% lending. Excluding the indirect loans, loans increase
Slide 22: Commercial Loan Portfolio Detail (Unaudited)
Commercial Loan Portfolio Detail (Unaudited) C&I and CRE Loans by Industry Highlights 11.3% • CRE loans represent 47.2% of the total loan portfolio. 1.3% 23.8% • Limited exposure to office space. 1.7% Retail Space 2.5% Multifamily • 21.5% of CRE loans are owner occupied. 4.6% Warehouse Space • Non-O
Slide 23: Consumer Loan Portfolio Detail (Unaudited)
Consumer Loan Portfolio Detail (Unaudited) Consumer Lending Portfolio - $383.0M Highlights • Residential loans represent 29.2% of total loans. • 66.3% of residential loans have an LTV of less than 70%, based on appraised values at the time of origination. 10.1% • Indirect auto loans represent 3.3% o
Slide 24: Asset Quality, Capital Ratios and IRR
Asset Quality, Capital Ratios and IRR
Slide 25: Asset Quality Trends (Unaudited)
Asset Quality Trends (Unaudited) Net Charge-Offs (Recoveries) / Average Loans Allowance for Credit Losses / Nonperforming Assets Net Charge Offs (Recoveries) NCO's (Recoveries)/ Avg Loans Nonperforming Assets ALLL / Nonperforming Assets $200 0.08% $3,000 600.00% $157 $2,369 $2,340 $2,197 $100 $73 0.
Slide 26: Capital Ratios (Bank Only) (Unaudited)
Capital Ratios (Bank Only) (Unaudited) Common Equity Tier 1 Capital (to Risk Weighted Assets) Tier 1 Capital to Risk Weighted Assets Common Equity Tier 1 Capital Adequately Capitalized Well Capitalized Tier 1 Capital Adequately Capitalized Well Capitalized 16.00% 14.94% 15.28% 16.00% 15.28% 14.79% 1
Slide 27: Interest Rate Risk (Unaudited)
Interest Rate Risk (Unaudited) Change in Net Interest Income (as of 6/30/2025) Change in Economic Value of Equity (as of 6/30/2025) $5,000 $10,000 $7,656 $3,781 $5,653 $5,514 $2,542 $— $2,500 $— $1,305 $(6,595) (in thousands) (in thousands) $— $— $(10,000) $(13,886) $(1,352) $(2,788) $(21,270) $(2,5
Slide 28: Conclusions
Conclusions
Slide 29: Investment Summary
Investment Summary Market Presence with Brand Recognition Seasoned Executive Serving Stable Southwestern PA & Leadership Ohio River Valley markets Proven experience through all economic cycles Rewarding Shareholders Increased quarterly dividend 4% to $0.26 per share in Q2 2025 Deploying Technology t
Slide 30: Delivering Value to Shareholders
Delivering Value to Shareholders Our goal is to continue operating as a high-performing, independent community bank, creating positive returns and adding significant value for our shareholders. ◦ Committed to Improving Financial Performance ▪ Revenue Growth ▪ Consistent returns ◦ Dividend and Capita
Slide 31: Concluding Thoughts
Concluding Thoughts ◦ Community bank model is highly-differentiated compared with large regional banks ◦ Intense focus on sales and service culture and quality product offerings which builds full relationships with our clients ◦ Utilize technology investments to enhance speed of process while improv
Slide 32: Contact Information
Contact Information Company Contact John H. Montgomery Bank Main Office: President and Chief Executive Officer 100 N. Market Street Phone: (724) 223-8317 Carmichaels, PA 15320 Investor Relations Corporate Center: The IR Group 2111 North Franklin Drive, Suite 200 Diane Fitzgibbons, President Washingt
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