CB Financial Services, Inc. (CBFV)

CB Financial Services Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	59.26	54.65	41.93	39.7	42.88	43.18
Interest Income on Investments	14.35	7.58	5.78	3.85	4.58	7.86
Total Interest Income	73.6	62.23	47.72	43.56	47.47	51.03
Interest Paid on Deposits	26.28	16.43	4.03	3.13	5.17	7.3
Interest Paid on Borrowings	1.65	1.24	0.76	0.28	0.39	0.55
Total Interest Expense	27.93	17.67	4.78	3.41	5.56	7.86
Net Interest Income	45.67	44.55	42.94	40.15	41.9	43.17
Net Interest Income Growth (YoY)	0.85%	3.77%	6.93%	-4.18%	-2.94%	14.59%
Gain (Loss) on Sale of Assets	24.99	24.59	0.43	5.2	-0.06	0
Gain (Loss) on Sale of Investments	-9.78	-10.2	-0.17	0.53	0.23	0.14
Other Non-Interest Income	4.75	9.29	9.5	7.01	5.94	5.63
Total Non-Interest Income	20.01	23.68	9.76	16.21	9.71	8.53
Non-Interest Income Growth (YoY)	110.31%	142.55%	-39.77%	66.92%	13.82%	1.19%
Revenues Before Loan Losses	65.68	68.23	52.7	56.36	51.62	51.71
Provision for Loan Losses	-1.53	-0.5	3.78	-1.13	4	0.73
Revenue	67.21	68.74	48.91	57.49	47.62	50.98
Revenue Growth (YoY)	24.74%	40.52%	-14.91%	20.73%	-6.60%	16.97%
Salaries and Employee Benefits	17.97	20.09	17.87	19.37	19.16	18.99
Occupancy Expenses	-	-	-	2.35	2.13	2.19
Federal Deposit Insurance	0.66	0.75	0.64	1.01	0.84	0.41
Amortization of Goodwill & Intangibles	1.3	1.77	1.78	1.93	2.13	2.13
Selling, General & Administrative	11.78	10.98	9.93	9.9	7.32	6.19
Other Non-Interest Expense	4.54	4.6	4.77	4.72	5.14	5.13
Total Non-Interest Expense	36.23	38.06	34.83	39.09	36.65	34.93
EBT Excluding Unusual Items	30.99	30.67	14.08	18.39	10.96	16.06
Asset Writedown	-	-	-	-	-0.3	-
Other Unusual Items	-0.69	-0.69	-	-	-0.15	-
Pretax Income	30.6	30.29	14.08	14.7	-9.39	16.06
Income Tax Expense	7.57	7.74	2.83	3.13	1.25	1.73
Net Income	23.03	22.55	11.25	11.57	-10.64	14.33
Net Income to Common	23.03	22.55	11.25	11.57	-10.64	14.33
Net Income Growth	67.62%	100.50%	-2.79%	-	-	103.16%
Basic Shares Outstanding	5	5	5	5	5	5
Diluted Shares Outstanding	5	5	5	5	5	5
Shares Change (YoY)	3.26%	-0.51%	-4.51%	-0.25%	-0.78%	8.30%
EPS (Basic)	4.49	4.41	2.19	2.15	-1.97	2.64
EPS (Diluted)	4.36	4.40	2.18	2.15	-1.97	2.63
EPS Growth	62.63%	101.83%	1.42%	-	-	87.86%
Dividend Per Share	1.000	1.000	0.960	0.960	0.960	0.960
Dividend Growth	1.01%	4.17%	0%	0%	0%	7.87%
Effective Tax Rate	24.74%	25.54%	20.12%	21.27%	-	10.77%

Source: S&P Capital IQ. Banks template. Financial Sources.