Overview

* CB Financial Services ( CBFV ) beats analysts' expectations for Q2 adjusted EPS

* Adjusted net income exceeds estimates

* Co declares 4% increase in quarterly cash dividend

Outlook

* CB Financial Services ( CBFV ) anticipates steady loan demand throughout 2025

* Company expects treasury services program operational by late 2025

* CB Financial Services ( CBFV ) aims to reduce reliance on brokered CDs

* Company maintains positive outlook for revenue growth by year-end

Result Drivers

* COMMERCIAL LOAN GROWTH - Driven by strong production in commercial real estate and industrial loans, funded by increased core deposits

* DEPOSIT MIX IMPROVEMENT - Shift towards lower-cost core deposits and reduced reliance on time deposits, aiding in cost of funds reduction

* NIM EXPANSION - Net interest margin improved due to lower cost of funds and higher yield on earning assets, aided by strategic balance sheet repositioning

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $0.74 $0.42 (3

Adjusted Analysts

EPS )

Q2 EPS $0.74

Q2 Beat $3.95 $2.29

Adjusted mln mln (3

Net Analysts

Income )

Q2 Net $3.95

Income mln

Q2 Loan -$9.70

Loss mln

Provisio

n

Q2 Net 3.5%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for CB Financial Services Inc ( CBFV ) is $31.00, about 8.4% above its July 21 closing price of $28.40

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)