Core Viewpoint - Investors are encouraged to consider CB Financial Services (CBFV) due to improving earnings estimates and positive short-term price momentum [1][2] Earnings Estimates - Analysts are increasingly optimistic about the earnings prospects of CB Financial Services, leading to higher earnings estimates that are expected to positively impact the stock price [2] - The current-quarter earnings estimate is projected at $0.83 per share, reflecting a year-over-year increase of +137.1% [6] - The consensus estimate for the full year is $2.74 per share, indicating a +35.0% change from the previous year [7] Estimate Revisions - Over the last 30 days, the Zacks Consensus Estimate for CB Financial Services has risen by 6.41%, with one estimate increasing and no negative revisions [6] - The consensus estimate for the current year has increased by 5.79%, supported by one upward revision and no negative changes [8] Zacks Rank - CB Financial Services holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts on upward earnings estimate revisions [9] - Stocks with a Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500 [9] Stock Performance - The stock has appreciated by 7.6% over the past four weeks, driven by strong estimate revisions, suggesting potential for further upside [10]

Financial Performance - Net loss for the three months ended September 30, 2025, was $5.7 million, a decrease of $8.9 million compared to net income of $3.2 million for the same period in 2024[151]. - Net income for the nine months ended September 30, 2025, was $164,000, a decrease of $9.9 million compared to $10.1 million for the same period in 2024[167]. - Noninterest income decreased by $12.8 million, or 333.3%, resulting in a loss of $9.0 million for the nine months ended September 30, 2025, primarily due to a loss on securities repositioning of $11.8 million[180]. Asset and Liability Management - Total assets increased by $64.0 million, or 4.3%, to $1.55 billion as of September 30, 2025, compared to $1.48 billion at December 31, 2024[141]. - Total deposits rose by $50.9 million, or 4.0%, to $1.33 billion as of September 30, 2025, compared to $1.28 billion at December 31, 2024[145]. - Cash and due from banks increased by $6.3 million, or 12.7%, to $55.9 million at September 30, 2025, compared to $49.6 million at December 31, 2024[146]. - The Company had liquid assets of $55.9 million in cash and due from banks, with additional unpledged securities totaling $93.2 million as of September 30, 2025[189]. Loan Portfolio - Total loans increased by $50.8 million, or 4.6%, to $1.14 billion at September 30, 2025, compared to $1.09 billion at December 31, 2024[146]. - The composition of the loan portfolio included 29.2% residential real estate, 47.2% commercial real estate, and 12.6% commercial and industrial loans as of September 30, 2025[198]. - Total Nonowner Occupied CRE loans amounted to $423.5 million, with an average loan size of $1,332 and an average loan-to-value (LTV) ratio of 58.98%[199]. - Total Owner Occupied CRE loans were $115.9 million, with an average loan size of $577 and an average LTV ratio of 54.10%[200]. Interest Income and Expense - Net interest income on a fully tax-equivalent basis increased to $13.2 million for the three months ended September 30, 2025, compared to $11.5 million for the same period in 2024, reflecting a net interest margin of 3.67%[136]. - Interest income on loans increased by $1.0 million, or 6.9%, to $16.0 million for the three months ended September 30, 2025, driven by a $56.1 million increase in the average balance of loans[155]. - Interest expense decreased by $2.1 million, or 24.8%, to $6.2 million for the three months ended September 30, 2025, compared to $8.3 million for the same period in 2024[155]. - Net interest and dividend income increased by $1.6 million, or 14.2%, to $13.1 million for the three months ended September 30, 2025, compared to $11.5 million for the same period in 2024[152]. Capital and Equity - Stockholders' equity increased by $5.1 million, or 3.5%, to $152.5 million at September 30, 2025, compared to $147.4 million at December 31, 2024[149]. - Tangible book value per common share increased by $1.74, or 6.5%, to $28.56 compared to $26.82 at December 31, 2024[150]. - At September 30, 2025, the Bank's Common Equity Tier 1 capital ratio was 14.19%, compared to 14.78% at December 31, 2024, indicating a strong capital position[197]. Credit Quality - The allowance for credit losses (ACL) was $10.1 million at September 30, 2025, with an ACL to total loans ratio of 0.89%[146]. - Nonperforming loans increased to $2.2 million at September 30, 2025, with a nonperforming loans to total loans ratio of 0.19%[146]. - Provision for credit losses was recorded at $259,000 for the three months ended September 30, 2025, with $336,000 attributed to loans[162]. - For the nine months ended September 30, 2025, net provision for credit losses was $227,000, compared to a recovery of $114,000 for the same period in 2024, reflecting loan growth and qualitative factors[179]. Interest Rate Risk Management - The Company actively manages interest rate risk through an Asset/Liability Management Committee, which meets quarterly to evaluate and implement strategies[201]. - Interest rate risk is monitored using a simulation model that assesses the impact on net interest income and economic value of equity (EVE) under various interest rate scenarios[202]. - As of September 30, 2025, a 400 basis point increase in interest rates would result in a decrease of $34.9 million (15.5%) in EVE[207]. - The Company emphasizes the importance of interest rate risk analysis to ensure compliance with policy guidelines and to mitigate potential financial impacts[203].

Core Insights - CB Financial Services (CBFV) reported quarterly earnings of $0.74 per share, exceeding the Zacks Consensus Estimate of $0.66 per share and up from $0.55 per share a year ago [1][2] - The company achieved a revenue of $14.17 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.24% and increasing from $12.71 million year-over-year [3] Earnings Performance - The earnings surprise for the quarter was +12.12%, and the company had a significant surprise of +85% compared to the previous quarter's expectation of $0.40 per share [2] - Over the last four quarters, CB Financial Services has exceeded consensus EPS estimates three times [2] Revenue Insights - The revenue growth reflects a year-over-year increase, with the company topping consensus revenue estimates three times in the last four quarters [3] Stock Performance - CB Financial Services shares have appreciated approximately 14.4% since the beginning of the year, compared to a 13.9% gain in the S&P 500 [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.78 on revenues of $14.8 million, and for the current fiscal year, it is $2.63 on revenues of $54.4 million [8] - The favorable trend in estimate revisions prior to the earnings release has resulted in a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [7] Industry Context - The Banks - Northeast industry, to which CB Financial Services belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a positive outlook for the sector [9]

Financial Performance - For the three months ended September 30, 2025, net (loss) income was $(5.696) million, compared to net income of $3.949 million for the previous quarter[3]. - Adjusted net income (Non-GAAP) for the same period was $3.927 million, maintaining the same level as the previous quarter[3]. - The company reported a Net (Loss) Income of $(5,696,000) for Q3 2025, compared to a profit of $3,949,000 in Q2 2025[34]. - Basic Loss per Common Share for Q3 2025 was $(1.14), a decline from earnings of $0.79 in Q2 2025[34]. - The Return on Average Assets for Q3 2025 was (1.50)%, down from 1.06% in Q2 2025[34]. - The company reported a net loss of $5,696,000 for the three months ended September 30, 2025, compared to a net income of $3,949,000 for the previous quarter[48]. - The efficiency ratio (GAAP) was reported at 379.15% for the three months ended September 30, 2025, compared to 64.94% in the previous quarter[49]. Asset and Liability Management - Total assets increased by $27.5 million to $1.55 billion, driven by strong commercial real estate and industrial loan production[4]. - Total assets increased by $64.0 million, or 4.3%, to $1.55 billion as of September 30, 2025, compared to $1.48 billion at December 31, 2024[18]. - Total liabilities rose by $58.9 million, or 4.4%, to $1.39 billion at September 30, 2025, compared to $1.33 billion at December 31, 2024[20]. - Total deposits increased by $50.9 million, or 4.0%, to $1.33 billion as of September 30, 2025, compared to $1.28 billion at December 31, 2024[21]. - Cash and due from banks increased by $6.3 million, or 12.7%, to $55.9 million at September 30, 2025, compared to $49.6 million at December 31, 2024[22]. Loan and Credit Quality - Total loans increased by $50.8 million, or 4.6%, with commercial loans comprising 59.8% of the loan portfolio as of September 30, 2025[8]. - The provision for credit losses was $259,000, reflecting additional reserves for loan growth and changes in qualitative factors[13]. - The allowance for credit losses (ACL) was $10.1 million at September 30, 2025, with an ACL to total loans ratio of 0.89%[22]. - The bank's nonperforming loans represented just 0.19% of total loans, indicating strong asset quality[11]. - Nonperforming loans increased to $2.2 million at September 30, 2025, with a nonperforming loans to total loans ratio of 0.19%[22]. Income and Expense Analysis - Total Interest and Dividend Income for Q3 2025 was $19,341,000, an increase of 3.09% from $18,760,000 in Q2 2025[33]. - Net Interest and Dividend Income after provisions for credit losses was $12,840,000 for Q3 2025, compared to $12,532,000 in Q2 2025, reflecting a growth of 2.46%[33]. - Noninterest (Loss) Income for Q3 2025 was $(10,677,000), a significant decrease from $931,000 in Q2 2025, primarily due to a net loss on securities of $(11,752,000)[33]. - Total Noninterest Expense for Q3 2025 was $9,183,000, an increase of 4.95% from $8,748,000 in Q2 2025[33]. - Net Gain on Securities was $11,752,000 in Q3 2025, with no gains reported in Q2 2025[47]. Capital and Book Value - Stockholders' equity increased by $5.1 million, or 3.5%, to $152.5 million at September 30, 2025, compared to $147.4 million at December 31, 2024[25]. - Book value per share was $30.50, with tangible book value per share at $28.56 as of September 30, 2025[11]. - Book value per common share rose to $30.50 at September 30, 2025, an increase of $1.79 from $28.71 at December 31, 2024[26]. - The tangible common equity to tangible assets ratio was 9.3% as of September 30, 2025, compared to 9.0% a year earlier[46].

Company Overview - CB Financial Services (CBFV) is headquartered in Carmichaels and operates as a holding company for Pennsylvania-based Community Bank, with a year-to-date price change of 14.59% [3] Dividend Information - CBFV currently pays a dividend of $0.26 per share, resulting in a dividend yield of 3.18%, which is higher than the Banks - Northeast industry's yield of 2.63% and the S&P 500's yield of 1.49% [3] - The company's annualized dividend of $1.04 has increased by 4% from the previous year, with an average annual increase of 1.24% over the last five years [4] - CBFV's current payout ratio is 47%, indicating that it pays out 47% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate predicts earnings of $2.59 per share, reflecting a 27.59% increase from the previous year [5] Investment Appeal - CBFV is characterized as an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) [6]

Company Overview - CB Financial Services (CBFV) is headquartered in Carmichaels and operates in the Finance sector, with a stock price change of 18.58% since the start of the year [3] Dividend Information - CBFV currently pays a dividend of $0.26 per share, resulting in a dividend yield of 3.07%, which is higher than the Banks - Northeast industry's yield of 2.55% and the S&P 500's yield of 1.52% [3] - The company's annualized dividend of $1.04 has increased by 4% from the previous year, with an average annual increase of 1.24% over the last 5 years [4] - CBFV's current payout ratio is 47%, indicating that it paid out 47% of its trailing 12-month EPS as dividends [4] Earnings Growth - The Zacks Consensus Estimate for CBFV's earnings in 2025 is $2.59 per share, reflecting a year-over-year earnings growth rate of 27.59% [5] Investment Appeal - CBFV is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) [6]

Company Overview - CB Financial Services (CBFV) is located in Carmichaels and operates in the Finance sector. The stock has experienced a price change of 10.67% since the beginning of the year [3]. Dividend Information - CBFV currently pays a dividend of $0.26 per share, resulting in a dividend yield of 3.29%. This yield is higher than the Banks - Northeast industry's yield of 2.69% and the S&P 500's yield of 1.49% [3]. - The company's annualized dividend of $1.04 has increased by 4% from the previous year. Over the last five years, CBFV has raised its dividend once on a year-over-year basis, with an average annual increase of 1.24% [4]. Earnings Growth - CBFV is projected to see earnings growth this fiscal year, with the Zacks Consensus Estimate for 2025 at $2.57 per share, indicating a year-over-year growth rate of 26.60% [5]. Investment Appeal - CBFV is considered an attractive dividend investment and a compelling opportunity, holding a Zacks Rank of 1 (Strong Buy) [6].

Core Viewpoint - CB Financial Services (CBFV) has shown a downtrend recently, losing 5.3% over the past two weeks, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging to counteract selling pressure [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with reduced selling pressure, suggesting that bulls may be regaining control [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, indicating that the stock opened lower, made a new low, but closed near or above the opening price, signaling potential support [4][5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for CBFV, with a 33.9% increase in the consensus EPS estimate for the current year over the last 30 days, indicating analysts expect better earnings than previously predicted [7][8]. - The strong agreement among Wall Street analysts in raising earnings estimates enhances the bullish outlook for CBFV [2][7]. Zacks Rank - CBFV currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [9][10]. - The Zacks Rank serves as a timing indicator, suggesting that the company's prospects are beginning to improve, further supporting the case for a trend reversal [10].

[PART I – FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) [Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Presents CB Financial Services, Inc.'s unaudited consolidated financial statements for Q2 2025, covering financial condition, income, and cash flows [Consolidated Statements of Financial Condition](index=4&type=section&id=Consolidated%20Statements%20of%20Financial%20Condition) As of June 30, 2025, total assets increased to $1.52 billion from $1.48 billion at December 31, 2024, driven by growth in loans and cash, with total liabilities rising to $1.37 billion and stockholders' equity slightly increasing to $148.4 million Consolidated Statements of Financial Condition (Unaudited) | (Dollars in thousands) | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **ASSETS** | | | | Total Cash and Due From Banks | $64,506 | $49,572 | | Total Securities | $267,171 | $262,153 | | Loans, Net | $1,101,102 | $1,082,821 | | **TOTAL ASSETS** | **$1,517,984** | **$1,481,564** | | **LIABILITIES** | | | | Total Deposits | $1,309,432 | $1,283,517 | | **TOTAL LIABILITIES** | **$1,369,622** | **$1,334,186** | | **STOCKHOLDERS' EQUITY** | | | | **TOTAL STOCKHOLDERS' EQUITY** | **$148,362** | **$147,378** | | **TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY** | **$1,517,984** | **$1,481,564** | [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) Net income for Q2 2025 increased to $3.9 million, driven by higher net interest income and lower noninterest expenses Quarterly Income Statement Highlights (Unaudited) | (Dollars in thousands, except per share data) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net Interest and Dividend Income | $12,540 | $11,470 | | Total Noninterest Income | $931 | $688 | | Total Noninterest Expense | $8,748 | $8,984 | | **Net Income** | **$3,949** | **$2,650** | | **Diluted EPS** | **$0.74** | **$0.51** | Six-Month Income Statement Highlights (Unaudited) | (Dollars in thousands, except per share data) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net Interest and Dividend Income | $23,850 | $23,062 | | Total Noninterest Income | $1,718 | $2,604 | | Total Noninterest Expense | $18,549 | $17,412 | | **Net Income** | **$5,858** | **$6,847** | | **Diluted EPS** | **$1.09** | **$1.33** | [Consolidated Statements of Comprehensive Income](index=8&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) Total comprehensive income for Q2 2025 was $5.0 million, driven by higher net income and positive other comprehensive income Comprehensive Income Summary (Unaudited) | (Dollars in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | Net Income | $3,949 | $2,650 | $5,858 | $6,847 | | Other Comprehensive Income (Loss), Net of Tax | $1,054 | $(271) | $2,919 | $(1,604) | | **Total Comprehensive Income** | **$5,003** | **$2,379** | **$8,777** | **$5,243** | [Consolidated Statements of Changes In Stockholders' Equity](index=9&type=section&id=Consolidated%20Statements%20of%20Changes%20In%20Stockholders'%20Equity) Stockholders' equity increased by $0.98 million for the six months ended June 30, 2025, driven by net income and OCI, offset by share repurchases and dividends - Key changes in stockholders' equity for the six months ended June 30, 2025 include: Net Income of **$5.9 million**, Other Comprehensive Income of **$2.9 million**, treasury stock purchases of **$6.8 million**, and dividends paid of **$2.5 million**[15](index=15&type=chunk) [Consolidated Statements of Cash Flows](index=11&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash and cash equivalents increased by $14.9 million for the six months ended June 30, 2025, with positive contributions from operating and financing activities Six-Month Cash Flow Summary (Unaudited) | (Dollars in thousands) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net Cash Provided by Operating Activities | $8,159 | $2,094 | | Net Cash Used in Investing Activities | $(10,931) | $(7,755) | | Net Cash Provided by Financing Activities | $17,706 | $80,038 | | **Increase in Cash and Cash Equivalents** | **$14,934** | **$74,377** | [Notes to the Consolidated Financial Statements (Unaudited)](index=14&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements%20(Unaudited)) The notes provide critical context to the financial statements, detailing accounting policies for ACL, loan portfolio, and off-balance-sheet commitments - The company's critical accounting policies, susceptible to significant change, relate to the Allowance for Credit Losses (ACL), valuation of foreclosed real estate, and impairment evaluations of securities and goodwill[24](index=24&type=chunk)[31](index=31&type=chunk) - The company has one reportable segment: community banking services[28](index=28&type=chunk) Loan Portfolio Composition | (Dollars in thousands) | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Residential Real Estate | $329,324 | $337,990 | | Commercial Real Estate | $513,197 | $485,513 | | Construction | $40,680 | $54,705 | | Commercial and Industrial | $138,221 | $112,047 | | Consumer & Other | $89,402 | $102,371 | | **Total Loans** | **$1,110,824** | **$1,092,626** | - Nonperforming assets were **$1.9 million** at June 30, 2025, up slightly from **$1.8 million** at year-end 2024, with nonaccrual loans remaining stable at approximately **$1.8 million**[70](index=70&type=chunk) - The Allowance for Credit Losses (ACL) on loans was **$9.7 million** at June 30, 2025, compared to **$9.8 million** at December 31, 2024, representing **0.88%** of total loans[61](index=61&type=chunk)[73](index=73&type=chunk)[74](index=74&type=chunk) - Total off-balance-sheet credit commitments increased to **$196.6 million** at June 30, 2025, from **$167.6 million** at year-end 2024, primarily due to a rise in commercial lines of credit[102](index=102&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=37&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Management discusses financial performance, highlighting asset and loan growth, increased Q2 2025 net income, and strong capital, despite a six-month net income decline - Total assets increased by **$36.4 million (2.5%)** to **$1.52 billion** at June 30, 2025, from December 31, 2024[138](index=138&type=chunk) - Total loans grew by **$18.2 million (1.7%)** in the first six months of 2025, driven by commercial real estate and commercial & industrial loan growth, offsetting declines in consumer lending[143](index=143&type=chunk) - Total deposits increased by **$25.9 million (2.0%)**, with a strategic shift towards core deposits (demand and savings) and away from time deposits[141](index=141&type=chunk) - Q2 2025 net income increased by **$1.3 million** YoY to **$3.9 million**, primarily due to a **$1.1 million** increase in net interest income and a **$236,000** decrease in noninterest expense[146](index=146&type=chunk)[147](index=147&type=chunk)[158](index=158&type=chunk) - Six-month 2025 net income decreased by **$989,000** YoY to **$5.9 million**, mainly due to a **$2.1 million** increase in salary/benefit costs (including a one-time reduction-in-force expense) and lower noninterest income compared to 2024, which included significant gains[160](index=160&type=chunk)[171](index=171&type=chunk)[173](index=173&type=chunk) - Tangible book value per common share (Non-GAAP) increased by **4.0%** to **$27.88** at June 30, 2025, from **$26.82** at December 31, 2024[137](index=137&type=chunk)[145](index=145&type=chunk) [Quantitative and Qualitative Disclosure about Market Risk](index=52&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosure%20about%20Market%20Risk.) The company's primary market risk is interest rate risk, managed via NII and EVE sensitivity modeling to rate shifts, remaining within policy limits - The company's most significant market risk is interest rate risk, which is monitored through simulation modeling of Net Interest Income (NII) and Economic Value of Equity (EVE)[191](index=191&type=chunk)[192](index=192&type=chunk) Interest Rate Sensitivity Analysis (at June 30, 2025) | Change in Interest Rates (Basis Points) | EVE Percent Change | Net Interest Earnings at Risk Percent Change | | :--- | :--- | :--- | | +400 | (12.6)% | +9.6% | | +200 | (6.4)% | +4.8% | | +100 | (3.0)% | +2.5% | | Flat | 0.0% | 0.0% | | (100) | +2.5% | (2.5)% | | (200) | +3.5% | (5.2)% | [Controls and Procedures](index=53&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management concluded disclosure controls were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of June 30, 2025[199](index=199&type=chunk) - There were no changes in internal control over financial reporting during the quarter ended June 30, 2025, that materially affected, or are reasonably likely to materially affect, internal controls[200](index=200&type=chunk) [PART II - OTHER INFORMATION](index=54&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Legal Proceedings](index=54&type=section&id=Item%201.%20Legal%20Proceedings.) The company is involved in various claims, but management believes no pending legal proceedings will materially affect its financial condition or operations - The company is not a party to any pending legal proceedings that are expected to have a material adverse effect on its financial condition or results of operations[201](index=201&type=chunk) [Risk Factors](index=54&type=section&id=Item%201A.%20Risk%20Factors.) No material changes to risk factors previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2024, are reported - The report refers to the risk factors discussed in the Annual Report on Form 10-K for the year ended December 31, 2024, indicating no material changes[202](index=202&type=chunk) [Issuer Purchases of Equity Securities](index=54&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities,%20Use%20of%20Proceeds%20and%20Issuer%20Purchases%20of%20Equity%20Securities.) During Q2 2025, the company repurchased 151,893 common shares at an average of $28.92, completing the July 2024 stock repurchase program Common Stock Purchases for Q2 2025 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2025 | 56,397 | $28.33 | | May 2025 | 73,777 | $29.43 | | June 2025 | 21,719 | $28.74 | | **Total** | **151,893** | **$28.92** | - The stock repurchase program announced on July 22, 2024, was completed on June 13, 2025[204](index=204&type=chunk) [Defaults Upon Senior Securities](index=54&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities.) Not applicable; the company reports no defaults upon senior securities - Not applicable[205](index=205&type=chunk) [Mine Safety Disclosures](index=54&type=section&id=Item%204.%20Mine%20Safety%20Disclosures.) Not applicable; the company has no mine safety disclosures to report - Not applicable[206](index=206&type=chunk) [Other Information](index=54&type=section&id=Item%205.%20Other%20Information.) No directors or executive officers adopted or terminated Rule 10b5-1 trading plans during Q2 2025 - No directors or executive officers adopted or terminated any Rule 10b5-1 trading plans during the three months ended June 30, 2025[207](index=207&type=chunk) [Exhibits](index=55&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with Form 10-Q, including CEO and CFO certifications and XBRL financial statements - Exhibits filed include CEO and CFO certifications (Rule 13a-14(a) and Section 906) and XBRL interactive data files[208](index=208&type=chunk)

Group 1 - CB Financial Services, Inc. (CBFV) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a recent "golden cross" formation [1] - The golden cross occurs when a stock's 50-day simple moving average breaks above its 200-day moving average, indicating a potential bullish breakout [1] - CBFV has moved 6.6% higher over the last four weeks, suggesting it may be on the verge of a breakout [3] Group 2 - The company currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating strong investor interest [3] - Positive earnings outlook for the current quarter further solidifies the bullish case for CBFV, with no earnings estimates going lower in the past two months and two revisions higher [3] - The Zacks Consensus Estimate for CBFV has also increased, reflecting improved investor sentiment [3] Group 3 - Investors are encouraged to consider adding CBFV to their watchlist due to the important technical indicator and positive movement in earnings estimates [5]