10-Q · May 12, 2026
CB Financial Services reported a slightly disappointing Q1 2026 with revenue of $14.83M, marginally below estimates but an improved EPS of $0.72, beating consensus predictions. The company displayed significant…
Earnings analysis · 10-Q
CBFV earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
CB Financial Services delivered Q2 revenue of $15.506 million and diluted EPS of $0.81, with EPS improving versus both Q1 2026 ($0.73) and Q2 2025 ($0.74), despite revenue declining from approximately $21 million and…
Read full summary
CB Financial Services delivered Q2 revenue of $15.506 million and diluted EPS of $0.81, with EPS improving versus both Q1 2026 ($0.73) and Q2 2025 ($0.74), despite revenue declining from approximately $21 million and $20 million, respectively. The filing provides no numeric operating guidance. Interest-rate risk remains the principal quantified concern, with a modeled 20.2% EVE decline under a 400-basis-point rate increase, while controls were effective and no material control changes were reported.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.81
What stood out
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EPS improved despite lower revenue
Q2 revenue was $15.506 million, down from approximately $21 million in Q1 2026 and $20 million in Q2 2025. Diluted EPS was $0.81, up from $0.73 sequentially and $0.74 year over year.
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Controls remained effective
Management reported that disclosure controls and procedures were effective as of June 30, 2026, and stated that there were no changes in internal control over financial reporting that materially affected, or were reasonably likely to materially affect, controls during the quarter.
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Share repurchases continued
The company repurchased 773 shares in June at an average price of $33.95 per share. The filing states that cumulative purchases under the program totaled 8,352 shares at an average price of $33.89 per share.
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Buyback authorization remains available
The buyback authorization had approximately $1.25 million remaining at June 30, 2026, versus $2.5 million shown at the end of April and May, indicating continued capital deployment under the program.
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Rate-risk exposure is quantified
Interest-rate sensitivity analysis showed that a hypothetical immediate 400-basis-point rate increase would reduce EVE by $55.963 million, or 20.2%, while reducing net interest income by $131 thousand, or 0.2%.
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Falling rates pressure earnings
Under a hypothetical 200-basis-point rate decline, EVE would increase by $13.831 million, or 5.0%, while net interest income would decline by $842 thousand, or 1.4%.
What to watch
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Material interest-rate sensitivity
The filing identifies interest-rate risk as the company’s most significant market risk. At +400 basis points, EVE falls 20.2% and net interest income falls $131 thousand, or 0.2%; at -200 basis points, net interest income falls $842 thousand, or 1.4%.
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Model assumptions may limit visibility
The rate-sensitivity model depends on assumptions including market-rate levels, loan prepayments, deposit decay, and a static balance sheet. The filing states that the model requires rates to remain positive, which may preclude some falling-rate scenarios.
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No new risk updates; litigation remains
The filing does not identify new risk factors relative to the December 31, 2025 Form 10-K and states that the risks described in that filing remain applicable. Separately, the company disclosed various claims and lawsuits incident to its business, although it is not party to proceedings believed to have a material adverse effect.
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Capital deployed to buybacks
The company repurchased 8,352 shares at an average price of $33.89 per share, leaving approximately $1.25 million available under the program. Continued repurchases reduce capital available for other uses.
Management's outlook
No numeric revenue or EPS guidance was provided in the 10-Q; the filing refers investors to existing risk disclosures and provides interest-rate sensitivity analysis rather than operating guidance.
Earlier filings 4
10-K · March 13, 2026
CB Financial (CBFV) presents a community-bank strategy focused on relationship banking, digital investment and opportunistic growth in the Pittsburgh region. Loans grew 6.4% year-over-year to $1.16 billion at December…
10-Q · August 8, 2025
CB Financial reported a materially stronger quarter: net income rose to $3,949,000 (Q2 2025) from $2,650,000 (Q2 2024) and diluted EPS increased to $0.74 from $0.51. Net interest income and noninterest income both…
10-Q · August 9, 2024
CB Financial’s 10-Q shows modest core margin expansion but mixed overall results: net interest and dividend income rose to $11,470,000 for Q2 2024 while net income slipped to $2,650,000 (Q2 2023: $2,757,000). Balance…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.