Cb Financial Services, Inc. · NASDAQ:CBFV
Cb Financial Services — Investor Presentation (July 2026)
33 slides from Cb Financial Services's investor presentation, July 2026
Slide 1: Investor Presentation | July 2026
th Financial Services, Inc. Investor Presentation | July 2026 The Q2 2026 Investor Presentation should be read in conjunction with the Earnings Release furnished in Exhibit 99.1 to Form 8K fi ished with the SEC ly 27, 2026. cont, 1e5 3 a Bank 2 YEARS : S } Built in 1917, this historic building remai
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, all in southwestern LPO Pennsylvania and northern West Virg
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 • Sustainable Earnings Growth ▪ Improve core earnings by investing in talent and technology, implementing and rewarding a disciplined sales culture, innovating new products, providing best in class delivery, improving efficie
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 Under the leadership of Jim Mele, a seasoned veteran with an there is opportunity to gain mark
Slide 7: 2026 Macro Outlook
2026 Macro Outlook CB needs to remain vigilant and adaptable to navigate the uncertainties and complexities of the macroeconomic landscape in 2026 and beyond. Item Comment Federal Reserve rate change expectations have shifted from continued rate cuts to a probability of a rate increase later in 2026
Slide 8: Q2 2026 Financial Highlights
Q2 2026 Financial Highlights
Slide 9: Q2 2026 Highlights (Unaudited)
Q2 2026 Highlights (Unaudited) Balance Sheet & Asset Quality (as of June 30, 2026 unless otherwise noted) • Steady loan portfolio. Total loans ($1.18 billion) increased 1.9% from March 31, 2026 due to increases in commercial and construction real estate loans, partially offset by a decrease in indir
Slide 10: Q2 2026 Results Overview (Unaudited)
Q2 2026 Results Overview (Unaudited) Financial Highlights Change Quarterly Highlights(3) ($000s except per share) Q2 2026 Q1 2026 Q2 2025 Balance Sheet Balance Sheet: Total Net Loans (Net of Allowance) $ 1,169,270 $ 21,736 $ 68,168 • Loans increased $21.7 million as a result of increases in Total Or
Slide 11: Financial Trends - Balance Sheet (Unaudited)
Financial Trends - Balance Sheet (Unaudited) Total Assets Total Net Loans $1,700 Net Loans Yield on Loans $1,656 $1,200 6.00% $1,175 $1,169 $1,600 $1,583 5.90% $1,152 $1,148 $1,546 $1,548 $1,150 $1,133 5.80% $1,518 in millions $1,125 in millions $1,500 $1,101 5.70% $1,100 5.60% $1,075 $1,400 $1,050
Slide 12: Financial Trends - Reported Earnings and Profitability (Unaudited)
Financial Trends - Reported Earnings and Profitability (Unaudited) Net Income (Loss) / PPNR (non-GAAP) Earnings (Loss) Per Share (EPS) - Diluted Net Income PPNR $1.00 $0.89 $0.74 $0.73 $0.80 $5,632 $6,000 $4,723 $4,742 $4,822 $5,116 $3,949 $3,867 $4,301 $0.50 $4,000 $2,000 $— in thousands $— $(2,000
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 $1.00 $5,134 $4,991 $4,867 $5,000 $4,723 $4,806 $0.81 $4,315 $0.74 $0.74 $0.72 $0.72 $0.75 $3,949 $3,927 $3,854 $4,000 $3,799 in thousands
Slide 14: Financial Trends - Earnings and Profitability (Unaudited)
Financial Trends - Earnings and Profitability (Unaudited) Total Revenue (non-GAAP) Highlights - Revenue Net Interest Income Noninterest Income (adj.) $15,000 $990 $964 $946 $14,534 $13,500 $931 $1,075 $13,826 $13,872 Noninterest Income (adj.) (non-GAAP): $13,099 • All periods exclude gains/losses on
Slide 15: Monthly Earnings Trends (Unaudited)
Monthly Earnings Trends (Unaudited) Net Interest Margin (NIM) (Non-GAAP) Net Interest Income (FTE) (Non-GAAP) 6.00% 5.35% 5.41% $5,250 5.00% $5,000 3.80% $4,750 4.00% 3.62% $4,500 3.00% 2.16% $4,250 2.00% $4,000 2.33% 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 $3,750 $3,500 Net Interest Marg
Slide 16: Deposit Composition / Characteristics
Deposit Composition / Characteristics
Slide 17: Deposit Mix and Cost (Unaudited)
Deposit Mix and Cost (Unaudited) Deposit Mix Average Cost of Interest-Bearing Deposits 5.50% 6/30/25 21.3% 27.0% 17.2% 13.1% 15.4% 6.0% 5.00% 4.37% 4.36% 4.50% 4.12% 3.92% 3.79% 9/30/25 21.9% 27.4% 15.5% 12.7% 15.1% 7.4% 4.00% 3.27% 3.15% Noninterest-Bearing 3.50% 3.12% 3.04% 2.99% Interest-Bearing
Slide 18: Deposit Composition (unaudited)
Deposit Composition (unaudited) Retail Deposits as of June 30, 2026 Commercial Deposits as of June 30, 2026 Specialty Deposits as of June 30, 2026 3.04% cost / —% cost / 3.54% cost / —% cost / —% cost / 3.22% cost / $22.7 million $96.2 million $13.0 million $10.9 million $174.4 million $165.5 millio
Slide 19: Secure Deposit Base (Unaudited)
Secure Deposit Base (Unaudited) Highlights As of 6/30/2026 • In total, 74.8% of client deposits (non- brokered) are FDIC insured or collateralized with investment securities as of June 30, 2026, compared to 75.2% as of December 31, 2025. Uninsured, 25.2% • Uninsured client deposits consist of busine
Slide 20: Strong Liquidity Position (Unaudited)
Strong Liquidity Position (Unaudited) Highlights Other Capacity Cash • Cash & Cash Equivalents totaled $76.1 million, or $55.0 million $76.1 million 4.6% of total assets. • Investment Securities totaled $325.6 million, with $180.5 million utilized as collateral for public fund Investments $145.1 mil
Slide 21: Loan Portfolio Composition
Loan Portfolio Composition
Slide 22: Loan Portfolio Composition (Unaudited)
Loan Portfolio Composition (Unaudited) As of 6/30/2026 Highlights Real Estate- Consumer 2.6% Residential 27.7% • Loans increased $17.5 million, or 1.5%, from December 31, Other 2.6% 2025 due primarily from growth in commercial and construction real estate loans, partially offset by a decrease in Com
Slide 23: Commercial Loan Portfolio Detail (Unaudited)
Commercial Loan Portfolio Detail (Unaudited) C&I and CRE Loans by Industry Highlights 11.4% • CRE loans represent 48.5% of the total loan portfolio. 1.6% 24.7% • Limited exposure to office space. 1.7% Retail Space 2.6% Multifamily • 21.6% of CRE loans are owner occupied. 4.5% Warehouse Space • Non-O
Slide 24: Consumer Loan Portfolio Detail (Unaudited)
Consumer Loan Portfolio Detail (Unaudited) Consumer Lending Portfolio - $358.1M Highlights • Residential loans represent 27.5% of total loans. • 67.1% of residential loans have an LTV of less than 70%, based on appraised values at the time of origination. • Indirect auto loans represent 1.7% of tota
Slide 25: Asset Quality, Capital Ratios and IRR
Asset Quality, Capital Ratios and IRR
Slide 26: 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 $350 0.18% $6,000 600.00% $295 $5,310 $300 0.15% $250 0.13% $20
Slide 27: 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% 15.28% 16.00% 15.28% 14.70% 14.70% 1
Slide 28: Interest Rate Risk (Unaudited)
Interest Rate Risk (Unaudited) Change in Net Interest Income (as of 06/30/2026) Change in Economic Value of Equity (as of 06/30/2026) $250 $194 $20,000 $15,711 $149 $13,831 $113 $8,786 $— $— $— $— $(11,356) (in thousands) (in thousands) $(250) $(339) $(20,000) $(24,670) $(500) $(39,697) $(754) $(40,
Slide 29: Conclusions
Conclusions
Slide 30: 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 8% to $0.28 per share in Q1 2026 Deploying Technology t
Slide 31: Delivering Value to Shareholders
Delivering Value to Shareholders Our goal is to continue operating as a high-performing, independent community bank, generating positive returns and adding significant value for our shareholders. ◦ Committed to Improving Financial Performance ▪ Revenue Growth ▪ Consistent returns ◦ Dividend and Capi
Slide 32: 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 33: 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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