AI Earnings Predictions for CB Financial Services Inc. (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.

1

•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.

1

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

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.e618d017.1784725900.7da552d

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.