MARKETS / NASDAQ / Financials / Banks / CBFV

NASDAQ · STATE COMMERCIAL BANKS · SMALL CAP

CB Financial Services, Inc. CBFV

14 fiscal years on record · USD · FY2025 reported · SEC filings only

Net income

$4.9M

▼ 61.1% YoY

Free cash flow

$17.2M

▲ 399.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

CB Financial Services, Inc. (the “Company”), a Pennsylvania corporation, is a bank holding company headquartered in Carmichaels, Pennsylvania. The Company conducts its operations primarily through its wholly owned subsidiary, Community Bank, a Pennsylvania-chartered commercial bank. At December 31, 2025, the Company, on a consolidated basis, had total assets of $1.55 billion, total liabilities of $1.39 billion and stockholders' equity of $157.5 million. The Bank is a community-oriented institution offering residential and commercial real estate loans, commercial and industrial loans, and consumer loans as well as a variety of deposit products for individuals and businesses in its market area. The Bank was originally chartered in 1901 as The First National Bank of Carmichaels. As of December 31, 2025, we employed 169 full-time and 5 part-time employees primarily in Pennsylvania and West Virginia.

Written from the business description in CB Financial Services, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 13 March 2026. Every sentence was checked against that document before publication.

Growth

Revenue, FY2025 · full 14-year series below

Compound annual growth

Net income

−24.2%

−5.3%

EPS, diluted

−25.0%

−7.8%

Dividend / share

+2.0%

+1.2%

Returned to shareholders

+7.2%

+18.2%

+13.2%

3 yrs

5 yrs

10 yrs

15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

ROE

FY2025 · ROE 3.2%

5%10%15%-2%-4%-6%

201220182025

Three returns, three denominators.

Return on equity3.2%

Return on assets0.3%

Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Gross margin·

Operating margin·

Net margin·

EBITDAUSD 7.1M

Each USD of equity produced 3 cents of profit this year.

Cash & shareholders

USD 12.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 17.2

20M40M-4M-8M

201220182025

Net buybacks $M Dividends $M

FY2025 · Dividends 5.1 · Net buybacks 6.8

5M10M-15M-30MDividendsNet buybacks

20122014201620182020202220242025

Dividends paidUSD 5.1M

Net buybacksUSD 6.8M

Share of profit244.2%

Consecutive raises1 year

USD 5.1M in dividends and USD 6.8M in buybacks — 244% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 1.5B

EquityUSD 157.5M

CashUSD 31.7M

Gross debtUSD 0.00

Net debtUSD -31.7M

DepositsUSD 1.3B

The company holds more cash than debt.

The 14-year record

14 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data

CBFV, 14-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue $B	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Operating income $B	0.0	0.0	0.0	0.0	0.0	−0.0	◌	◌	◌	◌	◌	◌	◌	◌
EBITDA $B	0.0	0.0	0.0	0.0	0.0	−0.0	◌	◌	◌	◌	◌	◌	◌	◌
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	−0.0	0.0	0.0
EPS, diluted $	0.92	2.38	4.40	2.18	2.15	−1.97	2.63	1.40	1.69	1.86	2.07	1.63	1.72	1.70
Dividend / sh $	1.02	1.00	1.00	0.96	0.96	0.96	0.96	0.89	0.88	◌	0.85	0.84	0.84	◌
Payout %	105	41	23	44	45	−49	36	64	52	47	41	54	49	49
ROE %	3.2	8.8	18.0	9.2	8.6	−7.5	9.9	6.1	7.6	8.6	10.0	6.8	9.5	9.5
Shares out B	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC

Provenance

Company facts, as filed

How we verify · 0 failures in 41 reconciliationsAUDITED

Reconciled in 14 of the 14 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2013. Five checks were skipped: EPS is not tagged before 2012.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityState Commercial Banks

Listed onNASDAQ

Incorporated innot stated in the filings

Fiscal year endsDecember 31

SEC categorysmaller reporting company

Data on record since2012