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CB Financial Services, Inc.

CBFV Financial Banks Regional

CB Financial Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $68.7 million, down 15.8% from fiscal 2024.

Revenue
+11.1%
EPS
+7.59%
Free cash flow
+89.9%
Total debt
+0.12%

Quarter to June 2026, against a year earlier

40.54 0.16 −0.39%
Market cap
$207.6M
P/E
28.3×
Fwd P/E
11.7×
Dividend yield
2.71%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.32
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 3 1 — — — — 2 — — 1
Insider Ownership 8.94%

Capital & Financial Ratios $m

Size
Market Cap 207.57
Revenue ttm 72.88
Net income ttm 7.21
Free cash flow ttm 19.57
Net debt Q (41.31)
Valuation
P/E 28.35
Forward P/E 11.70
Price / sales 2.82
Forward P/S Powerpack
Price / FCF 10.51
Price / book 1.27
Financial health
Current ratio Q 0.85
Debt / equity Q 0.21
Interest coverage Q —
Growth
Revenue growth Q +11.11% (above 0%: growing)
Operating income growth Q +8.14% (above 0%: growing)
EPS, this year +23.00% (at or above 15%: strong)
EPS, next year A +3.40%
Revenue, next year A −7.73% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +11.60%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 94.87%
10-year low 10-year high
P/S against its own 10 years 85.63%
10-year low 10-year high
P/B against its own 10 years 91.72%
10-year low 10-year high

Dividends raised 2 years running

Yield
2.71%
Annual rate
1.10
Payout ratio
81.5%
Growth, 2018–26
+2.91%/yr
  1. 0.89 ’18
  2. 0.96 ’19 +8
  3. 0.96 ’20 +0
  4. 0.99 ’21 +4
  5. 0.96 ’22 −3
  6. 1.00 ’23 +4
  7. 1.00 ’24 +0
  8. 1.02 ’25 +2
  9. 1.12 ’26 +10
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 68 50 32 76
Receivables — — — —
Inventory — — — —
Other — — — —
1,169 1,133 1,184 1,245
2023 2024 2025 Q'26
Payables 1,267 1,284 1,340 1,380
ST’ Debt — — — —
Other — — — —
1,282 1,299 1,355 1,460

Compound Annual Growth %

10y 5y 3y
Sales 5.69% 3.83% 6.09%
Cash Flow (10.09%) 4.81% 7.96%
Earnings (5.26%) 0.00% (24.18%)
Book Value 6.13% 3.21% 12.67%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.83 Actual 0.91

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.83 0.72 Miss by 0.11
Q1 FY26 0.71 0.72 Beat by 0.01
Q2 FY26 0.75 0.81 Beat by 0.06
Q3 FY26 0.83 0.91 Beat by 0.08
Q4 FY26 0.86 — Reports 26 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.73 0.80 — — —
’25 0.35 0.74 (1.07) 0.89 0.92
’24 0.82 0.51 0.60 0.46 2.38
’23 0.79 0.54 0.52 2.52 4.40
’22 0.58 0.02 0.77 0.81 2.18
’21 0.52 (0.04) 0.37 1.31 2.15
’20 0.14 0.54 (3.22) 0.57 (1.97)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 21 22 — — —
’25 19 20 9 22 69
’24 20 20 21 21 82
’23 17 17 18 33 86
’22 13 13 15 16 58
’21 14 13 13 20 60
’20 14 14 14 15 57
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 3 7 — — —
’25 4 4 5 5 18
’24 3 (1) 3 2 7
’23 7 1 9 (3) 14
’22 3 2 4 5 14
’21 4 (2) 1 10 13
’20 4 3 3 5 14
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 3 7 — — —
’25 4 4 5 5 17
’24 3 (2) 2 1 4
’23 7 0 9 (5) 11
’22 3 2 4 5 14
’21 4 (4) 1 12 12
’20 4 3 2 5 14
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 39 40 52 60 57 60 58 86 82 69 73 +6.4% 63 69 63 (2.6%)
Gross margin, % 92.71 91.61 88.55 86.82 90.23 94.31 91.69 79.51 63.17 63.38 66.30 (29.3) pt
EBT 11 10 9 16 (9) 15 14 30 15 5 8 (7.5%)
EBT margin, % 27.15 24.40 16.53 26.94 (16.50) 24.56 24.47 35.12 18.80 7.71 10.88 (19.4) pt
Net income 8 7 7 14 (11) 12 11 23 13 5 7 (4.7%)
Per share, $
Per share, $ Revenue 9.65 9.84 10.43 10.97 10.53 11.12 11.20 16.86 15.90 13.64 14.36 +3.9%
Earnings 1.86 1.70 1.42 2.64 (1.97) 2.15 2.19 4.41 2.45 0.97 1.43 (7.0%)
Cash flow 2.59 2.84 2.74 3.29 2.60 2.43 2.75 2.78 1.31 3.54 3.96 +3.5%
Capex (0.16) (0.79) (0.85) 0.20 (0.02) (0.23) 0.00 (0.61) (0.45) (0.12) (0.10) (3.4%)
Free cash flow 2.43 2.05 1.90 3.49 2.58 2.20 2.76 2.18 0.86 3.41 3.86 +3.9%
Book value 21.92 22.81 27.62 27.80 24.89 24.74 21.44 27.34 28.71 31.28 31.95 +4.0%
Shares, m 4 4 5 5 5 5 5 5 5 5 5 +2.4%
Valuation, ×
Valuation, × P/E 13.99 17.62 17.45 11.42 0.00 11.09 9.88 5.43 11.62 35.94 28.35 13.4
P/S 2.70 3.04 2.38 2.75 1.90 2.17 1.93 1.42 1.80 2.56 2.82 2.3
P/B 1.19 1.31 0.90 1.08 0.80 0.97 1.01 0.87 1.00 1.11 1.27 1.0
EV/Sales 3.05 3.14 1.73 1.64 (0.79) 0.46 0.38 1.03 1.62 2.60 — 1.5
EV/FCF 12.12 15.09 9.54 5.15 (3.21) 2.32 1.56 7.96 29.82 10.39 — 9.1
Cash, $m
Cash, $m Operating cash flow 11 12 14 18 14 13 14 14 7 18 20 +6.0%
Capex (1) (3) (4) 1 0 (1) 0 (3) (2) (1) (1) (1.1%)
Free cash flow 10 8 9 19 14 12 14 11 4 17 20 +6.3%
Balance, $m
Balance, $m Working capital (40) (61) (167) (134) (81) (146) (143) (113) (166) (172) (214) +17.5%
Net debt 14 4 (33) (66) (153) (102) (89) (34) (15) 3 (41) (15.3%)
Shareholders’ equity 89 93 138 151 135 133 110 140 147 158 162 +6.5%
Returns, %
Returns, % ROA 0.90 0.78 0.64 1.10 (0.78) 0.81 0.79 1.57 0.86 0.32 0.45 (0.6) pt
ROIC 6.48 6.55 5.66 11.82 0.00 31.95 41.72 17.81 7.24 2.06 4.10 (4.4) pt
ROE 8.60 7.60 6.11 9.92 (7.45) 8.65 9.25 18.04 8.77 3.22 4.65 (5.4) pt
People
People Employees 200 201 269 266 260 198 187 162 161 174 — (1.5%)
Revenue/emp, $m 0.20 0.20 0.19 0.22 0.22 0.30 0.31 0.53 0.51 0.39 — +8.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

CB Financial Services, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GBFH GBank Financial Holdings Inc. $224.3M 12.0× 12.8× +22.90% (above 0%: growing) +15.15% (above 0%: growing) +3,151.19% (above 0%: growing) 68.86% 0.00% Compare
OPBK OP Bancorp $220.6M 7.6× 7.4× +5.31% (above 0%: growing) +28.57% (above 0%: growing) +3.10% (above 0%: growing) 58.66% 0.00% Compare
CBFV CB Financial Services, Inc. $207.6M 28.6× 11.7× +11.11% (above 0%: growing) +7.59% (above 0%: growing) +89.91% (above 0%: growing) 70.87% 0.00%
FCAP First Capital, Inc. $207.3M 11.2× — (loss-making) +11.02% (above 0%: growing) +26.55% (above 0%: growing) +2.66% (above 0%: growing) 80.17% 0.00% Compare
RBKB Rhinebeck Bancorp, Inc. $203.3M 18.1× — +2.17% (above 0%: growing) −5.03% (below 0%: shrinking) +145.41% (above 0%: growing) 71.31% 0.00% Compare
MRBK Meridian Bank $195.2M 8.7× 11.8× −3.50% (below 0%: shrinking) −2.00% (below 0%: shrinking) +88.96% (above 0%: growing) 64.49% 0.00% Compare
LARK Landmark Bancorp Inc. $193.6M 9.6× 9.2× +2.62% (above 0%: growing) +21.58% (above 0%: growing) +828.81% (above 0%: growing) 78.76% 0.00% Compare
ECBK ECB Bancorp, Inc. $188.3M 15.3× — +15.35% (above 0%: growing) +127.78% (above 0%: growing) +538.43% (above 0%: growing) 46.07% 0.00% Compare
FNWD Finward Bancorp $188.2M 19.0× 16.5× +0.43% (above 0%: growing) −2.00% (below 0%: shrinking) +0.22% (above 0%: growing) 69.03% 0.00% Compare
Median of peers $199.3M 11.6× 11.8× +3.97% +18.36% +117.19% 68.95% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 9 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 753.87k 974.43k 159.09
2024 728.55k 954.37k 147.18
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

CB Financial Services, Inc. (CBFV) Latest News

29 Oct

Impact 4 · · Zacks

28 Oct

Impact 3 · · Simply Wall St.

26 Oct

Impact 3 · · Zacks
Impact 3 · · Associated Press

21 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

5 Oct

Impact 3 · · Zacks

27 Jul

Impact 3 ·

22 Apr

Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Business Wire

11 Feb

Impact 4 · · Simply Wall St.

27 Jan

Impact 4 · · Associated Press FinanceAssociated Press FinanceMT NewswiresAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press Finance
Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Business Wire

12 Jan

Impact 3 · · Simply Wall St.

24 Dec

Impact 4 · · ZacksZacksZacksZacks
Impact 3 · · Zacks

10 Dec

Impact 4 · · Simply Wall St.

24 Nov

Impact 3 · · Business Wire

14 Nov

Impact 4 · · ZacksZacksSimply Wall St.Associated Press FinanceZacks

11 Nov

Impact 4 · · Zacks

30 Oct

Impact 4 ·

25 Oct

Impact 3 · · Simply Wall St.

23 Oct

Impact 4 · · Zacks
Impact 4 · · Associated Press Finance
Impact 3 ·

10 Oct

Impact 4 · · ZacksZacksZacksZacksZacks

1 Oct

Impact 3 · · Simply Wall St.
stockrow.com/CBFV · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com