CB Financial Services Q2 net income jumps to $2.8M ($0.54 EPS) vs $118K; declares $0.25 dividend

CB Financial Services, Inc.

2023-Q2 EPS reported $1.35

Net income was $2.8M ($0.54 diluted EPS) vs $118K ($0.02) in Q2 2022; pre-provision net revenue $3.95M vs $3.86M.
Net interest margin improved to 3.29% from 3.12%; total loans grew $51.3M (4.9%) to $1.10B.
Board declared $0.25 quarterly cash dividend payable Aug 31, 2023 to holders of record Aug 15, 2023.
Nonperforming loans ratio improved to 0.37% from 0.55%; allowance for credit losses at 0.97% after CECL adoption.
The $10M share repurchase program expired on May 1, 2023; no new program announced.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CB Financial Services, Inc. reported the three and six months ended June 30, 2023 results: net income Net income was $2.8 million, EPS Earnings per diluted common share (EPS) increased to $0.54.

Period: the three and six months ended June 30, 2023
Net income: Net income was $2.8 million
EPS: Earnings per diluted common share (EPS) increased to $0.54
Result: reported results

Exact text from the filing

On July 28, 2023 , CB Financial Services, Inc. (the "Company") issued a press release announcing its financial results for the three and six months ended June 30, 2023

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CB Financial Services, Inc. filing history →

Source: SEC EDGAR

accession 0001605301-23-000032

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