CB Financial Services Q2 GAAP net income $118k, EPS $0.02; adjusted EPS plunges to $0.05 from $0.59 YoY

CB Financial Services, Inc.

2022-Q2 EPS reported $0.61

GAAP net income for Q2 2022 was $118k ($0.02 diluted EPS) vs a net loss of $223k ($0.04 loss) in Q2 2021.
Adjusted net income fell to $275k ($0.05 diluted EPS) from $3,217k ($0.59) in Q2 2021, a 91% decline.
Year-to-date GAAP net income $3,165k ($0.61 diluted EPS) vs $2,622k ($0.48); adjusted YTD net income $3,334k ($0.64) vs $5,709k ($1.05).
Board declared $0.24 per share quarterly cash dividend, payable Aug 31, 2022 to holders of record Aug 19, 2022.

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