CBFV

EX-99.1

2 a20260930ex9913rdqtrearnin.htm

EX-99.1 EARNINGS RELEASE

Document

EXHIBIT 99.1

CB Financial Services, Inc.

Announces Third Quarter 2026 Financial Results and

Declares Quarterly Cash Dividend

WASHINGTON, PA., October 26, 2026 -- CB Financial Services, Inc. (“CB” or the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”), today announced its third quarter and year-to-date 2026 financial results.

Three Months EndedNine Months Ended

9/30/266/30/263/31/2612/31/259/30/259/30/269/30/25

(Dollars in thousands, except per share data) (Unaudited)

Net Income (Loss) (GAAP) $5,327 $4,301 $3,867 $4,742 $(5,696)$13,497 $164

Net Income Adjustments(462)— (6)(932)9,627 (468)10,391

Adjusted Net Income (Non-GAAP) (1) $4,865 $4,301 $3,861 $3,810 $3,931 $13,029 $10,555

Earnings (Loss) per Common Share - Diluted (GAAP)$0.99 $0.80 $0.73 $0.89 $(1.07)$2.53 $0.03

Adjusted Earnings per Common Share - Diluted (Non-GAAP) (1)

$0.91 $0.80 $0.73 $0.72 $0.74 $2.44 $1.97

Income (Loss) Before Income Tax Expense (GAAP)$5,824 $5,099 $4,581 $5,270 $(7,020)$15,506 $33

Net (Recovery) Provision for Credit Losses(69)17 241 362 259 190 227

Pre-Provision Net Revenue (“PPNR”)$5,755 $5,116 $4,822 $5,632 $(6,761)$15,696 $260

Net Income Adjustments— — (8)(751)11,757 (8)12,724

Adjusted PPNR (Non-GAAP) (1) $5,755 $5,116 $4,814 $4,881 $4,996 $15,688 $12,984

(1)Refer to Explanation of Use of Non-GAAP Financial Measures and reconciliation of adjusted net income and adjusted earnings per common share - diluted as presented later in this Press Release.

2026 Third Quarter Financial Highlights

•Average assets were $1.67 billion for the three months ended September 30, 2026, an increase of $9.6 million compared to the three months ended June 30, 2026. Average organic deposit growth and utilization of cash balances funded average loan growth and investment security purchases. The Company’s balance sheet strategy remains centered on driving earnings growth within a disciplined, stable risk framework. These strategies include:

◦Optimizing asset mix: Redeploying repayments of indirect automobile and residential mortgage loans into higher-yielding commercial loan products. Commercial loans totaled 63.2% of the Bank’s loan portfolio at September 30, 2026 compared to 59.8% at September 30, 2025.

◦Managing funding costs: Growing core deposits to reduce reliance on higher-cost wholesale borrowings. The Bank continues to strategically shift its deposit mix toward lower cost core deposit relationships and away from higher priced funding, a favorable transition driven by the ongoing onboarding of Specialty Treasury clients that began during the first quarter of 2026.

◦Actively managing interest rate risk: Using asset-liability modeling to reduce earnings sensitivity while keeping liquidity and capital strong.

•Adjusted earnings per diluted common share (EPS) (non-GAAP) increased to $0.91 for the three months ended September 30, 2026, compared to $0.80 for the three months ended June 30, 2026.

•Adjusted return on average assets (annualized) (non-GAAP) increased to 1.15% for the three months ended September 30, 2026, compared to 1.04% for the three months ended June 30, 2026.

•Adjusted return on average equity (annualized) (non-GAAP) increased to 11.95% for the three months ended September 30, 2026, compared to 10.77% for the three months ended June 30, 2026.

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•Net interest and dividend income increased for six consecutive quarters to $15.0 million for the three months ended September 30, 2026 compared to $14.5 million for the three months ended June 30, 2026, as net interest margin (NIM) improved to 3.75% for the three months ended September 30, 2026 compared to 3.68% for the three months ended June 30, 2026. The improvement in NIM resulted from an increase in the yield on earning assets to 5.44% from 5.34%, driven by higher yields on cash, securities and loans. At the same time, the cost of funds increased to 1.75% from 1.72% resulting from Specialty Treasury deposit growth primarily in interest bearing demand and money market deposits.

•Noninterest expenses decreased $126,000 to $10.3 million for the three months ended September 30, 2026 compared to $10.4 million for the three months ended June 30, 2026. This decrease was driven by a decrease in salaries and employee benefits and data processing, partially offset by increases in Pennsylvania shares tax, contracted services, legal and professional fees and advertising expenses.

•Asset quality remains strong as nonperforming loans to total loans was 0.28% at September 30, 2026.

•Book value per share and tangible book value per share (Non-GAAP) was $30.67 and $28.76, respectively at September 30, 2026. The decline since year-end 2025 resulted from an increase in accumulated other comprehensive losses due to recent increases in market rates.

•The Bank remains well-capitalized and is positioned for future growth.

Management Commentary

President and CEO John

EX-99.1

2 a20260630ex9912ndqtrearnin.htm

EX-99.1

Document

EXHIBIT 99.1

CB Financial Services, Inc.

Announces Second Quarter 2026 Financial Results and

Declares Quarterly Cash Dividend

WASHINGTON, PA., July 27, 2026 -- CB Financial Services, Inc. (“CB” or the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”), today announced its second quarter and year-to-date 2026 financial results.

Three Months EndedSix Months Ended

6/30/263/31/2612/31/259/30/256/30/256/30/266/30/25

(Dollars in thousands, except per share data) (Unaudited)

Net Income (Loss) (GAAP) $4,301 $3,867 $4,742 $(5,696)$3,949 $8,168 $5,858

Net Income Adjustments 14 (13)(943)9,623 — 1 808

Adjusted Net Income (Non-GAAP) (1) $4,315 $3,854 $3,799 $3,927 $3,949 $8,169 $6,666

Earnings (Loss) per Common Share - Diluted (GAAP)$0.80 $0.73 $0.89 $(1.07)$0.74 $1.54 $1.09

Adjusted Earnings per Common Share - Diluted (Non-GAAP) (1)

$0.81 $0.72 $0.72 $0.74 $0.74 $1.54 $1.24

Income (Loss) Before Income Tax Expense (GAAP)$5,099 $4,581 $5,270 $(7,020)$4,715 $9,680 $7,051

Net Provision (Recovery) for Credit Losses17 241 362 259 8 259 (32)

Pre-Provision Net Revenue (“PPNR”)

$5,116 $4,822 $5,632 $(6,761)$4,723 $9,939 $7,019

Net Income Adjustments18 (16)(765)11,752 — 2 1,023

Adjusted PPNR (Non-GAAP) (1) $5,134 $4,806 $4,867 $4,991 $4,723 $9,941 $8,042

(1)    Refer to Explanation of Use of Non-GAAP Financial Measures and reconciliation of adjusted net income and adjusted earnings per common share - diluted as presented later in this Press Release.

2026 Second Quarter Financial Highlights

•Total assets were $1.66 billion at June 30, 2026, an increase of $73.1 million from March 31, 2026. Strong organic deposit growth augmented cash balances and funded loans and investment security purchases. The Bank continues to focus efforts on managing the balance sheet to maximize earnings while maintaining a stable risk profile. These strategic movements include:

◦Effectively managing cash and liquidity.

◦Redeploying repayments of indirect automobile and residential mortgage loans into higher-yielding commercial loan products. Commercial loans totaled 62.1% of the Bank’s loan portfolio at June 30, 2026 compared to 58.6% at June 30, 2025.

◦The Bank continues to strategically shift its deposit mix toward lower cost core deposit relationships and away from higher priced funding, a favorable transition driven by the ongoing onboarding of Specialty Treasury clients that began during the first quarter of 2026.

•Net interest and dividend income increased for five consecutive quarters to $14.5 million for the three months ended June 30, 2026 compared to $13.9 million for the three months ended March 31, 2026, although net interest margin (NIM) declined after five consecutive quarters of improvement to 3.68% for the three months ended June 30, 2026 compared to 3.83% for the three months ended March 31, 2026. The decline in NIM resulted from a decrease in the yield on earning assets to 5.34% from 5.47%, driven by higher cash balances resulting from deposit growth. At the same time, the cost of funds increased to 1.72% from 1.70% resulting from Specialty Treasury deposit growth of $56.5 million in interest bearing demand and money market deposits.

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EXHIBIT 99.1

•Noninterest expenses increased $378,000 to $10.4 million for the three months ended June 30, 2026 compared to $10.0 million for the three months ended March 31, 2026. This increase was driven by an increase in data processing due to the implementation of enhanced treasury and commercial banking platforms and an increase in salaries and employee benefits due to higher healthcare benefits.

•Asset quality remains strong as nonperforming loans to total loans was 0.29% at June 30, 2026.

•Book value per share and tangible book value per share (Non-GAAP) was $31.91 and $29.99, respectively at June 30, 2026. The improvements since year-end 2025 resulted from increased equity due to current period net income and stock option exercises, partially offset by the increase in accumulated other comprehensive losses, treasury shares repurchased under the Company’s stock repurchase program and the payment of dividends.

•The Bank remains well-capitalized and is positioned for future growth.

Management Commentary

President and CEO John H. Montgomery commented, “Our team’s disciplined execution and well-grounded strategy came through clearly in our second quarter performance, driving substantive progress towards the Company’s financial goals. Net interest income grew during the quarter, even as net interest margin declined due to elevated cash balances and slightly higher deposit costs. This growth was supported by a $69.5 million increase in organic deposits during the quarter, reflecting the continued strength of our core deposit franchise. Earning asset yields remained resilient, continuing to benefit from the balance sheet restructuring executed in the third quarter last year, which helps

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