CBFV · CB Financial Services, Inc.

CB Financial Services reported first quarter 2026 adjusted net income of $3.9 million, with adjusted diluted EPS of $0.72, reflecting continued execution of the company's strategic initiatives. Net interest margin improved to 3.83%, marking the sixth consecutive quarter of expansion, primarily driven by a reduction in the cost of funds to 1.70% from favorable changes in deposit mix, disciplined deposit pricing, and federal funds rate reductions. Net interest and dividend income increased 22.6% year-over-year to $13.9 million, supported by growth in average loan balances and improved loan yields despite rate headwinds. The balance sheet strengthened with total assets reaching $1.58 billion, up $35.6 million from year-end 2025, driven by strong deposit growth, particularly from the new Specialty Treasury division which added $27.6 million in deposits during the quarter. Asset quality remains robust with nonperforming loans at 0.29% of total loans, and the Bank maintains a well-capitalized position with a Tier 1 Leverage ratio of 10.34%. Management highlighted progress in strategic initiatives including the Treasury Management program, commercial loan portfolio repositioning, and mortgage lending expansion, while maintaining focus on credit quality and disciplined balance sheet management. The Board declared a $0.28 quarterly cash dividend, consistent with the company's capital return strategy.