CB Financial Services (CBFV) Earnings Call Presentation

Financial Performance - Net income for Q2 2024 was $2.7 million, with diluted earnings per share of $0.51[24] - Net interest income was $11.5 million, a decrease of 1.0% from Q1 2024 but an increase of 3.1% from Q2 2023[24] - Net interest margin was 3.18%, down 18 bps from Q1 2024 and 11 bps from Q2 2023[24] - Return on average tangible common equity was 8.99% for Q2 2024, compared to 12.20% in Q2 2023[24] Balance Sheet - Net loans decreased 1.6% from March 31, 2024, to $1.07 billion, and 2.9% from December 31, 2023[24] - Deposits increased 6.9% from March 31, 2024, to $1.35 billion, and 6.5% from December 31, 2023[24] - Core deposits (non-time) were 74% of total deposits at June 30, 2024[24] Asset Quality and Capital - Nonperforming loans to total loans was 0.17% and nonperforming assets to total assets was 0.13% as of June 30, 2024[24] - The Bank's Tier 1 Leverage ratio was 9.98% at June 30, 2024, compared to 10.19% at December 31, 2023[24] - Available liquidity covers 337% of uninsured/non-collateralized deposits[24] Stock Information - CBFV Share Price was $22.66 as of July 22, 2024[9] - Shares Outstanding were 5.1 million[9] - Market Cap was $120.1 million[9]