Quarterly ResultMay 12, 2026, 10:06 AM
CB Financial Q1 Net Income $3.87M, EPS $0.77; Deposits Up
AI Summary
CB Financial Services, Inc. reported a substantial increase in net income and earnings per share for the first quarter ended March 31, 2026, compared to the prior year. Net income rose to $3.87 million, with basic earnings per share reaching $0.77. The company also saw an increase in total deposits, reaching $1.38 billion, while total assets grew to $1.58 billion. Net interest and dividend income significantly improved, driven by higher interest income and lower interest expense.
Key Highlights
- Net income for Q1 2026 was $3.87 million, up from $1.91 million in Q1 2025.
- Basic earnings per share increased to $0.77 in Q1 2026 from $0.37 in Q1 2025.
- Total deposits rose to $1.38 billion as of March 31, 2026, from $1.34 billion.
- Total assets increased to $1.58 billion as of March 31, 2026, from $1.55 billion.
- Net interest and dividend income grew to $13.87 million from $11.31 million.
- Total interest expense decreased to $5.78 million in Q1 2026 from $6.54 million.
- Loans, net of allowance, were $1.15 billion as of March 31, 2026.
- Cash and due from banks increased to $55.55 million from $31.69 million.