CB Financial Services Reports Strong Q4 Results
CARMICHAELS, Pa. (AP) - CB Financial Services Inc. (CBFV) announced a fourth-quarter profit of $2.5 million on Wednesday. The Carmichaels, Pennsylvania-based bank reported earnings of 46 cents per share, or 35 cents per share excluding non-recurring gains.
Revenue for the period reached $21.1 million, with net interest revenue exceeding analyst expectations at $13.2 million.
For the full year, the company reported profit of $12.6 million, or $2.38 per share, on revenue of $51.6 million.
CB Financial Services stock has climbed slightly over 2% year-to-date. At the close of trading on Wednesday, shares stood at $29.26, reflecting an 18% increase over the past 12 months.