Saturday 17 October 2026 Export CBFV’s income statement to Excel — free account

CB Financial Services, Inc.

CB Financial Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $68.7 million, down 15.8% from fiscal 2024. In the quarter to June 2026, revenue grew 11.1%, EPS grew 7.59%, free cash flow grew 89.9% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

37.55 0.63 −1.65%

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Market cap: $194.0M
P/E: 26.3×
Fwd P/E: 11.5×
Dividend yield: 2.93%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.03

Total sells 0.23

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	3	1	—	—	—	—	2	—	—

Insider Ownership 9.33%

Capital & Financial Ratios $m

Market Cap 194.02

Revenue 72.88

Net Income 7.21

Free Cash Flow 19.57

Net Debt (41.31)

Current Ratio 0.85

Debt/Equity 0.21

P/E ratio 26.26

Fwd P/E 11.50

P/S ratio 2.61

P/B ratio 1.18

Past 5Y EPS Growth —

This Y EPS Growth 16.85%

Next Y EPS Growth 8.32%

Next Y revenue growth (7.51%)

Next 5Y EPS Growth 12.42%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 93.25%

10-year low 10-year high

P/S against its own 10 years 76.00%

10-year low 10-year high

P/B against its own 10 years 82.57%

10-year low 10-year high

Dividends

Payout Ratio 0.81

Annual Dividend Rate 1.10

Annual Dividend Yield 2.93%

	total	individual payouts
2027	Powerpack
2026	1.11	0.28 0.28 0.28
2025	1.02	0.25 0.25 0.26 0.26
2024	1.00	0.25 0.25 0.25 0.25
2023	1.00	0.25 0.25 0.25 0.25
2022	0.96	0.24 0.24 0.24 0.24
2021	0.99	0.24 0.03 0.24 0.24 0.24
2020	0.96	0.24 0.24 0.24 0.24
2019	0.96	0.24 0.24 0.24 0.24
2018	0.89	0.22 0.22 0.22 0.23
2017	0.88	0.22 0.22 0.22 0.22
2016	0.88	0.22 0.22 0.22 0.22

predictions special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	19.00	25.10	22.82	22.77	16.25	17.76	20.49	17.20	20.75	26.01	Analyst estimates 2026–2028 Powerpack
	High	26.90	31.50	36.95	30.90	30.95	25.00	26.80	24.98	33.72	37.45
People
People	Employees	200	201	269	266	260	198	187	162	161	174
	Revenue/emp, $m	0.20	0.20	0.19	0.22	0.22	0.30	0.31	0.53	0.51	0.39
Income, $m
Income, $m	Revenue	39	40	52	60	57	60	58	86	82	69
	Gross margin, %	92.71	91.61	88.55	86.82	90.23	94.31	91.69	79.51	63.17	63.38
	EBT	11	10	9	16	(9)	15	14	30	15	5
	EBT margin, %	27.15	24.40	16.53	26.94	(16.50)	24.56	24.47	35.12	18.80	7.71
	Net income	8	7	7	14	(11)	12	11	23	13	5
	Depreciation	3	3	3	4	22	4	3	3	2	1
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
	Earnings	1.86	1.70	1.42	2.64	(1.97)	2.15	2.19	4.41	2.45	0.97
	Cash flow	2.59	2.84	2.74	3.29	2.60	2.43	2.75	2.78	1.31	3.54
	Capex	(0.16)	(0.79)	(0.85)	0.20	(0.02)	(0.23)	0.00	(0.61)	(0.45)	(0.12)
	Free cash flow	2.43	2.05	1.90	3.49	2.58	2.20	2.76	2.18	0.86	3.41
	Book value	21.92	22.81	27.62	27.80	24.89	24.74	21.44	27.34	28.71	31.28
	Shares, m	4	4	5	5	5	5	5	5	5	5
Valuation, ×
Valuation, ×	P/E	13.99	17.62	17.45	11.42	0.00	11.09	9.88	5.43	11.62	35.94
	P/S	2.70	3.04	2.38	2.75	1.90	2.17	1.93	1.42	1.80	2.56
	P/B	1.19	1.31	0.90	1.08	0.80	0.97	1.01	0.87	1.00	1.11
	EV/Sales	3.05	3.14	1.73	1.64	(0.79)	0.46	0.38	1.03	1.62	2.60
	EV/FCF	12.12	15.09	9.54	5.15	(3.21)	2.32	1.56	7.96	29.82	10.39
Cash, $m
Cash, $m	Operating cash flow	11	12	14	18	14	13	14	14	7	18
	Capex	(1)	(3)	(4)	1	0	(1)	0	(3)	(2)	(1)
	Free cash flow	10	8	9	19	14	12	14	11	4	17
Balance, $m
Balance, $m	Working capital	(40)	(61)	(167)	(134)	(81)	(146)	(143)	(113)	(166)	(172)
	Total debt	28	25	20	14	8	18	15	35	35	35
	Net debt	14	4	(33)	(66)	(153)	(102)	(89)	(34)	(15)	3
	Shareholders’ equity	89	93	138	151	135	133	110	140	147	158
Returns, %
Returns, %	ROA	0.90	0.78	0.64	1.10	(0.78)	0.81	0.79	1.57	0.86	0.32
	ROIC	6.48	6.55	5.66	11.82	0.00	31.95	41.72	17.81	7.24	2.06
	ROE	8.60	7.60	6.11	9.92	(7.45)	8.65	9.25	18.04	8.77	3.22

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FCAP First Capital, Inc.	$206.0M	11.1×	— (loss-making)	+11.02% (above 0%: growing)	+26.55% (above 0%: growing)	+2.66% (above 0%: growing)	80.17%	0.00%	Compare
CZWI Citizens Community Bancorp, Inc.	$203.7M	16.2×	11.4×	−2.75% (below 0%: shrinking)	−66.67% (below 0%: shrinking)	+1,134.94% (above 0%: growing)	65.38%	0.00%	Compare
RBKB Rhinebeck Bancorp, Inc.	$200.9M	17.9×	—	+2.17% (above 0%: growing)	−5.03% (below 0%: shrinking)	+145.41% (above 0%: growing)	71.31%	0.00%	Compare
CBFV CB Financial Services, Inc.	$194.0M	26.3×	11.5×	+11.11% (above 0%: growing)	+7.59% (above 0%: growing)	+89.91% (above 0%: growing)	70.87%	0.00%
LARK Landmark Bancorp Inc.	$192.5M	9.5×	5.6×	+2.62% (above 0%: growing)	+21.58% (above 0%: growing)	+828.81% (above 0%: growing)	78.76%	0.00%	Compare
BVFL BV Financial, Inc.	$184.2M	14.1×	—	−2.37% (below 0%: shrinking)	+48.28% (above 0%: growing)	+1.43% (above 0%: growing)	78.95%	0.00%	Compare
SBFG SB Financial Group, Inc.	$183.5M	11.0×	8.8×	+5.49% (above 0%: growing)	+20.00% (above 0%: growing)	+255.74% (above 0%: growing)	72.32%	0.00%	Compare
FNWD Finward Bancorp	$181.0M	18.3×	12.2×	+0.43% (above 0%: growing)	−2.00% (below 0%: shrinking)	+0.22% (above 0%: growing)	69.03%	0.00%	Compare
ECBK ECB Bancorp, Inc.	$173.4M	13.9×	—	+15.35% (above 0%: growing)	+127.78% (above 0%: growing)	+538.43% (above 0%: growing)	46.07%	0.00%	Compare
Median of peers	$188.4M	14.0×	10.1×	+2.40%	+20.79%	+200.58%	71.82%	0.00%

All 323 Banks Regional stocks →

CB Financial Services, Inc. (CBFV) key facts

Concern: CB Financial Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $68.7 million, down 15.8% from fiscal 2024.
Concern: Net income was $4.9 million, or $0.97 per share (basic), a net margin of 7.14%.
CB Financial Services, Inc. (CBFV) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, CBFV traded at $37.55, a market capitalization of $194.0 million.
At that price the stock trades at 26.3× trailing-twelve-month earnings and 2.6× sales; its P/E is higher than 93% of its own readings over the past ten years.
CB Financial Services, Inc. pays an annual dividend of $1.10 per share, a yield of 2.93%, with a payout ratio of 81.5%.
Return on equity was 3.22% and debt-to-equity 0.21.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.