Cb Financial Services, Inc. · NASDAQ:CBFV
Cb Financial Services — Investor Presentation (March 2021)
17 slides from Cb Financial Services's investor presentation, Mar 18, 2021
Slide 1: Moving Forward – Building a Stronger Community
Moving Forward – Building a Stronger CommunityInvestor Presentation March 2021
Slide 2: Forward-Looking Statement
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 2 Forward-Looking Statement 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 (the “Act”
Slide 3: At a Glance – CB Financial Services, Inc.
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 3 At a Glance – CB Financial Services, Inc. Shareholder Information Share Price $23.02 Shares Outstanding 5,434,374 Public Float 4.9M Market Cap $125.1M Total Stockholder’s Equity $134.5M Book Value per Share (GAAP) $24.76 Tangible Book Valu
Slide 4: Diversified Business
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 4 Diversified Business ▪ Growing presence within the Pittsburgh MSA ▪ Well positioned to serve the needs of small and medium sized businesses across our footprint ▪ Strong asset quality Commercial Banking Retail Banking & Wealth Management M
Slide 5: Southwestern PA ~ Strong Regional Presence
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 5 Southwestern PA ~ Strong Regional Presence Branch Metrics / Criteria In Southwestern PA, Community Bank conducts its business from its main office and 14 locations in Greene, Allegheny, Washington, Fayette, and Westmoreland counties by off
Slide 6: Pittsburgh MSA market demographics and economy
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 6 ◼ Population of approximately 2.3 million with a median household income of nearly $64,000, which is projected to increase 10.2% in the next 5 years ◼ Large market for energy, healthcare, technology, and manufacturing companies(1) ◼ Highly
Slide 7: Community Bank Mission Statement
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 7 Community Bank Mission Statement Community Bank is an exceptional, independent financial institution. We will provide our customers with valuable, appropriate products and outstanding personal service. Community Bank strives to continue to
Slide 8: Leveraging a Rich History and Community Presence
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 8 Leveraging a Rich History and Community Presence 1901 1987 2006 2007-2019 2020 2021 - The Bank was originally chartered in 1901 as The First National Bank of Carmichaels, serving southwestern PA and local community Changed name to Communit
Slide 9: Evaluating Market Changes ~ Need to Adapt
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 9 ZIRR Creates NIM Pressures on All Banks Disruption by Technology and FinTech Online and Mobile Delivery of Services is Essential Evaluating Market Changes ~ Need to Adapt Changing Consumer Behavior Requirements for Instant Service to Fulfi
Slide 10: Evaluating Branch Network
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 10 Evaluating Branch Network ◼ Customer engagement / loyalty ◼ Good credit quality ◼ Generally low-cost deposits ◼ Employees focused on customers / clients Strengths of Existing Network Areas for Improvement ◼ Technological advancements ◼ Ne
Slide 11: Branch Optimization Strategy
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 11 Branch Optimization Strategy Management has identified six branches for consolidation while exploring the divestiture of others: ◼ Monongahela, PA ◼ Perryopolis, PA ◼ Pioneer, PA ◼ Southpointe, PA ◼ Bellaire, OH ◼ Wellsburg, WV A comprehe
Slide 12: Community Bank ~ Well Positioned for the Future Post Optimization
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 12 Community Bank ~ Well Positioned for the Future Post Optimization 16 Total branches surrounding core markets $1.5 Million Estimated annual reduction in pre- tax operating expenses in 2021 $3.0 Million Estimated ongoing pre-tax cost saving
Slide 13: Building on Core Strengths
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 13 ◼ Empower our experienced, high quality employees to provide superior customer service in all aspects of our business ◼ Create a sales and service culture which builds full relationships with our customers ◼ Utilize technology investments
Slide 14: Management Team
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 14 ◼ President & CEO; appointed in August 2020 ◼ Accomplished bank executive with over 30 years of experience ◼ Previously Chief Credit Officer at First Bank, a privately held $6 Billion bank located in St. Louis, Missouri. Jamie Prah ◼ Exec
Slide 15: Moving Forward – Building a Stronger Community
Moving Forward – Building a Stronger Community Investing for the Future Adaptive to New Consumer Expectations Engaging with Loyal Customers and Winning New Ones
Slide 16: Contact Information
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 16 Contact Information Company Contact: John H. Montgomery President and Chief Executive Officer Phone: (724) 225-2400 Investor Relations Adam Prior Phone: (212) 836-9606 Email: aprior@equityny.com Media Relations Chris Murray Phone: (610) 8
Slide 17: Appendix – Non-GAAP Reconciliation Table
CB Financial Services, Inc. (Nasdaq: CBFV) March 2021 Page 17 Appendix – Non-GAAP Reconciliation Table
CB Financial Services — Investor Presentation (March 2021) on 6ix