8-K
filed January 31, 2024, 6:59 PM ET
ticker CBFV
CIK 0001605301
earnings
confidence high
sentiment neutral
materiality 0.65
CB Financial FY2023 GAAP net income $22.6M, adjusted EPS $2.46; declares $0.25 dividend
CB Financial Services, Inc.
2023-FY EPS reported
$4.40
- FY2023 GAAP net income $22.6M ($4.40 diluted EPS) vs $11.2M ($2.18) in 2022.
- FY2023 adjusted net income $12.6M ($2.46 adjusted EPS) vs $11.0M ($2.14) in 2022.
- Q4 2023 GAAP net income $13.0M includes $9.9M gain; adjusted Q4 net income $3.1M, down 25% YoY.
- Board declared $0.25 quarterly dividend, payable Feb 29, 2024 to holders of record Feb 15, 2024.
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 Three Months Ended 12/31/23 results: net income $ 12,966, EPS $ 2.52.
- Period
- Three Months Ended 12/31/23
- Net income
- $ 12,966
- EPS
- $ 2.52
- Result
- reported results
Exact text from the filing
CB Financial Services, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results and Declares Quarterly Cash Dividend WASHINGTON, PA., January 31, 2024 -- CB Financial Services, Inc. (“CB” or the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”), today announced its fourth quarter and 2023 financial results. Three Months Ended Year Ended 12/31/23 9/30/23 6/30/23 3/31/23 12/31/22 12/31/23 12/31/22 (Dollars in thousands, except per share data) (Unaudited) Net Income (GAAP) $ 12,966 $ 2,672 $ 2,757 $ 4,156 $ 4,152 $ 22,550 $ 11,247 Net Income Adjustments (9,905) 29 78 (127) (66) (9,926) (208) Adjusted Net Income (Non-GAAP) (1) $ 3,061 $ 2,701 $ 2,835 $ 4,029 $ 4,086 $ 12,624 $ 11,039 Earnings per Common Share - Diluted (GAAP) $ 2.52 $ 0.52 $ 0.54 $ 0.81 $ 0.81 $ 4.40 $ 2.18 Adjusted Earnings per Common Share - Diluted (Non-GAAP) (1) $ 0.60 $ 0.53 $ 0.55 $ 0.79 $ 0.80 $ 2.46 $ 2.14 ( 1) Refer to Explanation of
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CB Financial Services, Inc. reported the year ended December 31, 2023 results: net income $ 22,550, EPS $ 4.40.
- Period
- the year ended December 31, 2023
- Net income
- $ 22,550
- EPS
- $ 4.40
- Result
- reported results
Exact text from the filing
On January 31, 2024 , CB Financial Services, Inc. (the "Company") issued a press release announcing its financial results for the year ended December 31, 2023, a copy of which is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
View on SEC.gov
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