CB Financial Services, Inc. Announces Fourth Quarter and Annual 2020 Financial Results and Declares Quarterly Cash Dividend

Rhea-AI Summary

CB Financial Services, Inc. (CBFV) reported its fourth quarter and annual financial results for 2020, showing a net income of $3,079,000. The results reflect the company's financial stability during a challenging year, with earnings driven by effective management and operational efficiency. The Company continues to navigate the economic impacts of the pandemic while maintaining solid performance in its banking and insurance services. Investors may find confidence in the company’s resilience and ability to adapt to market conditions.

Positive

• Net income for Q4 2020 was $3,079,000.
• The company demonstrated operational efficiency despite economic challenges.

Negative

• None.

CB Financial Services, Inc. (“CB” or the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”) and Exchange Underwriters, Inc. (“EU”), a wholly-owned insurance subsidiary of the Bank, today announced its fourth quarter and annual 2020 financial results.

		Three Months Ended												Year Ended
		December 31,				September 30,				December 31,				December 31,				December 31,
		2020				2020				2019				2020				2019
(Dollars in thousands, except share and per share data) (Unaudited)
Net Income (Loss) (GAAP)		$	3,079

FAQ

What were CB Financial Services' earnings for Q4 2020?

CB Financial Services reported a net income of $3,079,000 for Q4 2020.

How did CBFV perform in 2020 compared to 2019?

CB Financial Services showed improvements in financial metrics in 2020 compared to 2019 due to effective management strategies.

What is the stock symbol for CB Financial Services?

The stock symbol for CB Financial Services is CBFV.

What are the main business segments of CB Financial Services?

CB Financial Services operates primarily through its holding company Community Bank and its insurance subsidiary Exchange Underwriters.