# CB Financial Services, Inc. (CBFV)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $198M  
**Price:** $37.40 (+1.11%)

> CB Financial Services, Inc. is a bank holding company whose wholly owned subsidiary is Community Bank, a Pennsylvania-chartered commercial bank. It operates a network of retail and commercial banking offices serving individuals and businesses in southwestern Pennsylvania, West Virginia, and southeastern Ohio. The company provides a range of deposit products including demand deposits, NOW accounts, money market accounts, savings accounts, and time deposits. Its lending portfolio encompasses residential real estate loans such as one- to four-family mortgages, home equity loans and lines of credit; commercial real estate loans secured by properties like retail facilities, office buildings, and multifamily units; construction loans for residential and commercial projects; commercial and industrial loans; and consumer loans including indirect auto loans, secured and unsecured personal loans. Additionally, CB Financial Services, Inc. offers wealth management services through its affiliation with the Bishop Group of Janney Montgomery Scott and conducts insurance agency activities providing property and casualty, commercial liability, surety, and other insurance products. Established in 2006 and headquartered in Carmichaels, Pennsylvania, it functions as a community-oriented financial institution focused on regional banking needs.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $76M | — | — | $5M | — |
| 2024 | $76M | — | — | $13M | — |
| 2023 | $62M | — | — | $23M | — |
| 2022 | $48M | — | — | $11M | — |
| 2021 | $44M | — | — | $12M | — |
| 2020 | $47M | — | — | -$11M | — |
| 2019 | $51M | — | — | $14M | — |
| 2018 | $44M | — | — | $7M | — |
| 2017 | $32M | — | — | $7M | — |
| 2016 | $32M | — | — | $8M | — |
| 2015 | $32M | — | — | $8M | — |
| 2014 | $21M | — | — | $4M | — |
| 2013 | $18M | — | — | $4M | — |
| 2012 | $19M | — | — | $4M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.55B | $1.39B | $158M | $32M | — |
| 2024 | $1.48B | $1.33B | $147M | $50M | — |
| 2023 | $1.46B | $1.32B | $140M | $68M | — |
| 2022 | $1.41B | $1.30B | $110M | $104M | — |
| 2021 | $1.43B | $1.29B | $133M | $120M | — |
| 2020 | $1.42B | $1.28B | $135M | $161M | — |
| 2019 | $1.32B | $1.17B | $151M | $80M | — |
| 2018 | $1.28B | $1.14B | $138M | $53M | — |
| 2017 | $934M | $841M | $93M | $21M | — |
| 2016 | $846M | $757M | $89M | $14M | — |
| 2015 | $831M | $744M | $87M | $11M | — |
| 2014 | $846M | $764M | $82M | $12M | — |
| 2013 | $546M | $501M | $45M | $16M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $18M | $650,000 | $17M |
| 2024 | $7M | $3M | $3M |
| 2023 | $14M | $3M | $11M |
| 2022 | $14M | $509,000 | $14M |
| 2021 | $13M | $2M | $11M |
| 2020 | $14M | $322,000 | $14M |
| 2019 | $18M | $48,000 | $18M |
| 2018 | $14M | $4M | $9M |
| 2017 | $12M | $4M | $8M |
| 2016 | $11M | $3M | $8M |
| 2015 | $52M | $604,000 | $51M |
| 2014 | -$2M | $7M | -$9M |
| 2013 | $8M | $237,000 | $8M |
| 2012 | $7M | $1M | $6M |

Source: [CompaniesByCap](https://companiesbycap.com/company/CBFV)