Jamie L. Prah
On February 4, 2025 , Jamie L. Prah voluntarily resigned as Executive Vice President and Chief Financial Officer of CB Financial Services, Inc. (the “Company”) and its subsidiary bank, Community Bank (the “Bank”).
Highest-materiality recent filing
CB Financial stockholders re-elect Fox, LaCarte, Pollock; ratify Forvis Mazars; approve say-on-pay
Mark E. Fox elected director (2,264,932 for); John J. LaCarte (2,517,740); David F. Pollock (2,301,353).
CB Financial Services discloses material cyber incident exposing customer SSNs and DOBs
Unauthorized AI-based software exposed non-public customer data; incident discovered May 5, 2026.
GAAP net income $3,867k ($0.73 diluted EPS) vs $1,909k ($0.35) in Q1 2025, up 103%.
CB Financial reports FY2025 GAAP net income $4.9M, down 61% YoY; dividend raised 8%
FY2025 GAAP net income $4.9M ($0.92 diluted EPS), down 61% YoY; adjusted net income $14.4M ($2.71), up 34%.
Director Craig L. Kauffman resigns from CB Financial Services board effective Dec 29, 2025
Craig L. Kauffman resigned from the boards of CB Financial Services and its bank subsidiary Community Bank.
Craig L. Kauffman appointed to CB Financial board; bylaws amended for residency
Craig L. Kauffman appointed to Board of Directors of CB Financial and Community Bank, effective Nov 20, 2025.
CB Financial posts Q3 GAAP loss of $5.7M; adjusted EPS $0.74, dividend $0.26
Q3 2025 GAAP net loss of $5.7M ($1.07 diluted loss) vs net income of $3.2M ($0.60 EPS) in Q3 2024.
CB Financial Services authorizes $5M stock repurchase program (up to 3.1% of shares)
Authorization of up to $5M in common stock repurchases, covering ~153,233 shares (3.1% of outstanding).
CB Financial Services sells $129.6M low-yield securities, reinvests at 5.51% yield
Sold $129.6M of securities (avg yield 2.87%), recording $9.3M after-tax realized loss.
CB Financial Q2 net income $3.95M ($0.74 EPS), dividend raised 4%
Q2 2025 GAAP net income $3.95M ($0.74 diluted EPS) vs $2.65M ($0.51) in Q2 2024.
CB Financial completes 5% stock repurchase; bought 257,145 shares at $28.70 avg.
Program commenced July 26, 2024 and completed on June 13, 2025.
CB Financial Services annual meeting elects directors, ratifies auditor, approves say-on-pay
Director nominees Bedway, Guthrie, Montgomery each elected with votes ranging from 2.04M to 2.68M for.
CB Financial Q1 GAAP net income drops 54% YoY to $1.9M; declares $0.25 dividend
GAAP diluted EPS $0.35 vs $0.82 YoY; adjusted diluted EPS $0.50 vs $0.62 YoY.
CB Financial Services CFO resigns, company reduces workforce by 5%, expects $1.0M charges
CFO Jamie L. Prah resigned effective February 14, 2025; receives gross severance of $558,413.75 and full vesting of 2,260 restricted shares.
CB Financial Services reports FY 2024 net income $12.6M, down 44% YoY; declares $0.25 dividend
Full year 2024 GAAP net income $12.6M vs $22.6M in 2023; diluted EPS $2.38 vs $4.40.
CB Financial Q3 GAAP EPS $0.60 vs $0.52 YoY; declares $0.25 dividend
Q3 2024 GAAP net income $3.2M ($0.60 diluted EPS) vs $2.7M ($0.52) in Q3 2023.
CB Financial Q2 net income $2.65M, EPS $0.51; declares $0.25 dividend
Q2 GAAP net income $2.65M ($0.51 diluted EPS); adjusted net income $2.674M ($0.52 EPS).
CB Financial authorizes $6M share buyback, up to 5% of outstanding
Repurchase program covers up to 257,095 shares, ~$6.0M at July 22 closing price.
CB Financial shareholders elect directors, approve 2024 equity plan and auditor at annual meeting
Directors elected: Ralph Burchianti (2,467,951 for), Roberta Robinson Olejasz (1,630,195 for), John M. Swiatek (1,498,610 for), each with 1,307,068 broker non-votes.
CB Financial Services Q1 2024 net income flat YoY; adjusted EPS down; declares $0.25 dividend
GAAP net income $4.2M, diluted EPS $0.82 (vs $4.2M, $0.81 in Q1 2023).
CB Financial FY2023 GAAP net income $22.6M, adjusted EPS $2.46; declares $0.25 dividend
FY2023 GAAP net income $22.6M ($4.40 diluted EPS) vs $11.2M ($2.18) in 2022.
Director Joseph N. Headlee retires from CB Financial Services board; vacancy eliminated
Joseph N. Headlee retired as director of CB Financial Services and Community Bank effective December 20, 2023.
Sold $79.4M of lower-yielding securities (avg yield 1.89%) for estimated $8.0M after-tax loss.
CB Financial completes sale of Exchange Underwriters for $30.5M cash
Sale of wholly owned insurance agency Exchange Underwriters to World Insurance Associates for $30.5M cash plus potential earn-outs.
CB Financial Services agrees to sell insurance agency subsidiary for $30.5M cash
Purchase price $30.5M cash plus earn-out for Exchange Underwriters (2022 revenue $6.0M).
CB Financial Q3 net income down to $2.7M from $3.9M; EPS $0.52; dividend $0.25
Net income $2.7M vs $3.9M YoY; diluted EPS $0.52 vs $0.77; PPNR (non-GAAP) $3.5M vs $4.9M.
CB Financial Services Q2 net income jumps to $2.8M ($0.54 EPS) vs $118K; declares $0.25 dividend
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.
Director Karl G. Baily retires from CB Financial Services board effective June 1, 2023
Karl G. Baily retired as director of CB Financial Services and Community Bank effective June 1, 2023.
CB Financial Services annual meeting votes elect three directors, ratify FORVIS, approve say-on-pay
Elected Mark E. Fox, John J. LaCarte, David F. Pollock as directors with >2.2M votes for each.
CB Financial Services completes $10M buyback; repurchased 74,656 shares at $22.38 avg
$10M stock repurchase program expired on May 1, 2023 (commenced May 2, 2022).
CB Financial Q1 net income $4.2M ($0.79 EPS); declares $0.25 dividend
GAAP net income $4.2M ($0.79 diluted EPS) vs $3.0M ($0.58) in Q1 2022, up 36% YoY.
Ralph Burchianti to retire as Senior EVP and Chief Lending Officer effective April 30, 2024; will continue as director.
FY22 GAAP net income $11.25M ($2.18 diluted EPS), down 2.8% from $11.57M in FY21; adjusted net income $11.04M, up 5% from $10.52M.
CB Financial Services reports Q3 net income $3.9M, EPS $0.77; declares $0.24 dividend
Net income of $3.93M ($0.77 diluted EPS) for Q3 2022 vs. Q2 net income of $0.12M.
GAAP net income for Q2 2022 was $118k ($0.02 diluted EPS) vs a net loss of $223k ($0.04 loss) in Q2 2021.
CB Financial records $2.7M pre-tax charge-off on C&I loan; borrower ceasing ops
$2.7M pre-tax charge-off on a $3.5M revolving credit line with $2.66M outstanding as of June 1, 2022.
Five directors (Bedway, Boyer, Guthrie, Headlee, Montgomery) elected; each received >2.3M votes for.
CB Financial reports Q1 2022 net income $3.047M ($0.58 EPS); declares $0.24 dividend
Net income (GAAP) $3.047M, diluted EPS $0.58; adjusted net income $3.059M, adjusted EPS $0.59.
CB Financial authorizes $10M share repurchase, up to 8.4% of outstanding shares
Program authorizes repurchase of up to $10M of common stock, representing ~8.4% of outstanding shares.
CB Financial completes $7.5M stock repurchase; bought 308,993 shares at avg $24.27
Completed $7.5 million stock repurchase program that commenced June 14, 2021.
CB Financial Q4 net income $7.0M, EPS $1.31; dividend $0.24 declared
Q4 2021 GAAP net income $6.97M ($1.31 diluted EPS) versus $1.98M ($0.37) in Q3 2021 and $3.08M ($0.57) in Q4 2020.
CB Financial Services issues $15M 3.875% subordinated notes due 2031, floating after 2026
Issued $15M aggregate principal of 3.875% Fixed-to-Floating Rate Subordinated Notes due Dec 15, 2031.
On February 4, 2025 , Jamie L. Prah voluntarily resigned as Executive Vice President and Chief Financial Officer of CB Financial Services, Inc. (the “Company”) and its subsidiary bank, Community Bank (the “Bank”).
On February 4, 2025 , the Company and the Bank appointed Amanda Engles to serve as Chief Financial Officer on an interim basis.
Effective December 20, 2023 , Joseph N. Headlee retired as a director of CB Financial Services, Inc. (the “Company”) and its bank subsidiary, Community Bank.
In connection with the closing of the Transaction (as defined in Item 8.01 below), Richard Boyer resigned from his directorships at CB Financial Services, Inc. (the “Company”), Community Bank (the “Bank”) and Exchange Underwriters, Inc. (“Exchange Underwriters”), effective December 8, 2023 .
Mr. Boyer will resign as a director of each of the Company, the Bank and Exchange Underwriters as of the closing date of the Transaction.
Effective June 1, 2023 , Karl G. Baily retired as a director of CB Financial Services, Inc. (the “Company”) and its bank subsidiary, Community Bank.
Effective February 16, 2023 , William G. Petroplus retired as a director of CB Financial Services, Inc. (the “Company”) and its bank subsidiary, Community Bank.
On February 16, 2023 , Ralph Burchianti notified the Company and Community Bank of his intention to retire as Senior Executive Vice President and Chief Lending Officer of Community Bank, effective April 30, 2024.
Max materiality 0.90 · Median 0.60 · Most common event earnings