secwatch.observer — SEC 8-K summary
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Issuer:     CB Financial Services, Inc. (CBFV)
CIK:        0001605301
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001605301-23-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605301/000160530123000032/0001605301-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605301/000160530123000032/cbfv-20230728.htm
  HTML page:      https://secwatch.observer/filing/0001605301-23-000032

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