CB Financial Services reports FY 2024 net income $12.6M, down 44% YoY; declares $0.25 dividend

CB Financial Services, Inc.

2024-FY EPS reported $2.38

Full year 2024 GAAP net income $12.6M vs $22.6M in 2023; diluted EPS $2.38 vs $4.40.
Adjusted net income $10.8M vs $12.6M; adjusted diluted EPS $2.03 vs $2.46.
Q4 2024 adjusted net income $1.97M vs $3.06M in Q4 2023.
Quarterly dividend $0.25 per share, payable Feb 28, 2025 to holders of record Feb 14.
Investor presentation outlines 2025 strategic costs: $1.1M Treasury Mgmt, $700K tech, $900K commercial bankers; targets $120M deposits by Q4 2025.

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