Cb Financial Services, Inc. · NASDAQ:CBFV
Cb Financial Services — Q1 2026 Earnings Presentation
32 slides from Cb Financial Services's earnings presentation, April 2026
Slide 1: Investor Presentation April 2026 - Generations of Trust
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 • 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 will need to remain vigilant and adaptable to navigate the uncertainties and complexities of the macroeconomic landscape in 2026 and beyond. Item Comment The Federal Reserve's rate cuts are uncertain to continue during 2026 due to renewed inflation pressure tied to energy price
Slide 8: Q1 2026 Financial Highlights
Q1 2026 Financial Highlights
Slide 9: Q1 2026 Highlights (Unaudited)
Q1 2026 Highlights (Unaudited) Balance Sheet & Asset Quality (as of March 31, 2026 unless otherwise noted) • Steady loan portfolio. Total loans ($1.15 billion) decreased 0.4% from December 31, 2025 due primarily to a decrease in indirect auto loans following the discontinuation of that product in Q2
Slide 10: Q1 2026 Results Overview (Unaudited)
Q1 2026 Results Overview (Unaudited) Financial Highlights Quarterly Highlights(3) Change ($000s except per share) Q1 2026 Q4 2025 Q1 2025 Balance Sheet: Balance Sheet Total Net Loans (Net of Allowance) $ 1,147,534 $ (4,610) $ 68,859 • Loans decreased $4.6 million as a result of a decrease in Total D
Slide 11: Financial Trends - Balance Sheet (Unaudited)
Financial Trends - Balance Sheet (Unaudited) Total Assets Total Net Loans $1,600 $1,583 Net Loans Yield on Loans $1,175 6.00% $1,152 $1,148 $1,546 $1,548 $1,550 $1,150 $1,133 5.90% $1,518 $1,125 5.80% in millions $1,101 in millions $1,500 $1,100 5.70% $1,483 $1,079 $1,075 5.60% $1,450 $1,050 5.50% $
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 $1.00 $0.89 Net Income PPNR $0.74 $0.73 $5,632 $6,000 $4,723 $4,742 $4,822 $3,949 $3,867 $0.50 $0.35 $4,000 $1,909$2,296 $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 $0.80 $0.74 $0.74 $0.72 $0.72 $4,991 $4,867 $5,000 $4,723 $4,806 $0.60 $3,949 $3,927 $3,854 $0.50 $4,000 $3,799 in thousands $3,319 $0.40
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 $964 $946 $13,500 $1,075 Noninterest Income (adj.) (non-GAAP): $13,826 $13,872 $931 • All periods exclude gains/losses on securities. $13,099
Slide 15: Deposit Composition / Characteristics
Deposit Composition / Characteristics
Slide 16: Deposit Mix and Cost (Unaudited)
Deposit Mix and Cost (Unaudited) Deposit Mix Average Cost of Interest-Bearing Deposits 5.50% 3/31/25 20.9% 26.6% 17.8% 13.8% 17.9% 3.0% 5.00% 4.40% 4.37% 4.36% 4.50% 4.12% 3.92% 6/30/25 21.3% 27.0% 17.2% 13.1% 15.4% 6.0% 4.00% 3.27% 3.15% Noninterest-Bearing 3.50% 3.95% 3.12% 3.05% Interest-Bearing
Slide 17: Deposit Composition (unaudited)
Deposit Composition (unaudited) Retail Deposits as of March 31, 2026 Commercial Deposits as of March 31, 2026 Specialty Deposits as of March 31, 2026 3.08% cost / —% cost / 3.20% cost / —% cost / —% cost / $21.4 million $173.6 million 3.56% cost / $155.1 million $120.7 million $10.1 million $12.5 mi
Slide 18: Secure Deposit Base (Unaudited)
Secure Deposit Base (Unaudited) • In total, 75.5% of client deposits (non- brokered) are FDIC insured or As of 3/31/2026 collateralized with investment securities as of March 31, 2026, compared to 75.2% as of December 31, 2025. Uninsured, 24.5% • Uninsured client deposits consist of business & retai
Slide 19: Strong Liquidity Position (Unaudited)
Strong Liquidity Position (Unaudited) Highlights Other Capacity Cash • Cash & Cash Equivalents totaled $55.5 million, $50.0 million $55.5 million or 3.5% of total assets. Investments $126.5 million • Investment Securities totaled $295.5 million, with $168.9 million utilized as collateral for public
Slide 20: Loan Portfolio Composition
Loan Portfolio Composition
Slide 21: Loan Portfolio Composition (Unaudited)
Loan Portfolio Composition (Unaudited) As of 3/31/2026 Highlights Consumer 3.2% Real Estate- Residential 28.6% Other 2.7% • Loans decreased $4.4 million, or 0.4%, from December 31, 2025 due primarily from a decrease in indirect auto loans. Commercial & Excluding the indirect loans, loans increased $
Slide 22: Commercial Loan Portfolio Detail (Unaudited)
Commercial Loan Portfolio Detail (Unaudited) C&I and CRE Loans by Industry Highlights 10.9% • CRE loans represent 47.5% of the total loan portfolio. 1.6% 24.7% • Limited exposure to office space. 1.8% Retail Space 2.8% Multifamily • 20.3% of CRE loans are owner occupied. 4.4% Warehouse Space • Non-O
Slide 23: Consumer Loan Portfolio Detail (Unaudited)
Consumer Loan Portfolio Detail (Unaudited) Consumer Lending Portfolio - $367.5M Highlights • Residential loans represent 28.5% of total loans. • 66.3% of residential loans have an LTV of less than 70%, based on appraised values at the time of origination. 7.1% • Indirect auto loans represent 2.2% of
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 $350 0.18% $6,000 600.00% $295 $5,310 $300 0.15% $250 0.13% $20
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% 14.70% 1
Slide 27: Interest Rate Risk (Unaudited)
Interest Rate Risk (Unaudited) Change in Net Interest Income (as of 03/31/2026) Change in Economic Value of Equity (as of 03/31/2026) $4,000 $20,000 $15,415 $13,207 $8,226 $2,204 $2,000 $1,511 $— $800 $— (in thousands) (in thousands) $— $(10,702) $— $(1,018) $(22,606) $(20,000) $(2,249) $(2,000) $(3
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 8% to $0.28 per share in Q1 2026 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, generating positive returns and adding significant value for our shareholders. ◦ Committed to Improving Financial Performance ▪ Revenue Growth ▪ Consistent returns ◦ Dividend and Capi
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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