Cb Financial Services, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 31, 2020 at 04:09 pm EST
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CB Financial Services, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 10.939 million compared to USD 10.726 million a year ago. Net income was USD 4.677 million compared to USD 2.430 million a year ago. Basic earnings per share was USD 0.86 compared to USD 0.45 a year ago. Diluted earnings per share was USD 0.85 compared to USD 0.45 a year ago. For the full year, net interest income was USD 43.174 million compared to USD 37.677 million a year ago. Net income was USD 14.327 million compared to USD 7.052 million a year ago. Basic earnings per share was USD 2.64 compared to USD 1.42 a year ago. Diluted earnings per share was USD 2.63 compared to USD 1.4 a year ago.
CB Financial Services, Inc. is the bank holding company. The Company conducts its operations primarily through its wholly owned subsidiary, Community Bank (the Bank). The Bank offers range of residential and commercial real estate loans, commercial and industrial loans, and consumer loans and deposit products for individuals and businesses in its market area. The Company's principal lending activity has been the origination in its local market area of residential one- to four-family, commercial real estate, construction, and others. Its residential real estate loans are comprised of loans secured by one- to four-family residential properties. It provides loans to individuals to finance the construction of residential dwellings, construction of commercial properties, including hotels, and apartment buildings. Its investment portfolio includes United States Government Agency Securities, Obligations of States and Political Subdivisions, Mortgage-Backed Securities, and Corporate Debt.
CB FINANCIAL SERVICES, INC. 
