CB Financial Services, Inc. (CBFV): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind CB Financial Services, Inc. (CBFV), a key player in the financial landscape of Pennsylvania and West Virginia?

From its humble beginnings in 1901 as The First National Bank of Carmichaels to its current position as a NASDAQ-listed company, what pivotal moments shaped its journey? Dive in to explore its evolution, understand who steers the ship, and uncover how it delivers value to its customers and shareholders, especially with a 3.72% dividend yield as of April 2025.

Keep reading to discover how CB Financial Services operates and generates revenue, offering valuable insights for investors, customers, and anyone interested in the banking sector, considering its net income of $12.6 million for the year 2024.

CB Financial Services, Inc. (CBFV) History

CB Financial Services, Inc. Founding Timeline

Year established

CB Financial Services, Inc. was established in 1924.

Original location

The company is headquartered in Carmichaels, Pennsylvania.

Founding team members

While specific names of the original founding team members are not readily available in the provided context, the institution was founded as a community bank to serve the financial needs of the local area.

Initial capital/funding

Information regarding the initial capital or funding of CB Financial Services during its founding in 1924 is not available within the provided search results.

CB Financial Services, Inc. Evolution Milestones

CB Financial Services, Inc. Transformative Moments

• Strategic Acquisitions: The acquisitions of First Federal Savings and Loan Association of Greene County and FedFirst Financial Corporation significantly expanded CB Financial Services' market share and service capabilities.
• Merger with First National Bank of Waynesburg: This merger in 2017 was a transformative event, substantially increasing the company's asset size to $1.3 billion and broadening its branch network. The successful integration of First National Bank of Waynesburg in 2019 further solidified CB Financial Services' position in the regional banking landscape.
• Focus on Community Banking: Throughout its history, CB Financial Services has maintained a strong commitment to community banking principles, focusing on providing personalized service and supporting local economic development.
• Adaptation to Regulatory Changes and Economic Conditions: CB Financial Services has navigated various regulatory changes and economic cycles, adapting its strategies to maintain stability and growth.

For more insights into the ownership and investment trends surrounding CB Financial Services, explore this detailed analysis: Exploring CB Financial Services, Inc. (CBFV) Investor Profile: Who’s Buying and Why?

CB Financial Services, Inc. (CBFV) Ownership Structure

CB Financial Services, Inc. operates as a publicly traded company, meaning its shares are available for purchase by the general public on the NASDAQ stock exchange. Understanding the ownership structure of CB Financial Services provides insights into the distribution of control and influence within the organization.

CB Financial Services, Inc.'s Current Status

CB Financial Services, Inc. is a public company, trading under the ticker symbol CBFV on the NASDAQ. As a publicly-traded entity, it is subject to regulatory oversight and reporting requirements, ensuring transparency for investors and stakeholders. For more in-depth information, you can explore: Exploring CB Financial Services, Inc. (CBFV) Investor Profile: Who’s Buying and Why?

CB Financial Services, Inc.'s Ownership Breakdown

The ownership of CB Financial Services, Inc. is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. The following table summarizes the ownership breakdown:

CB Financial Services, Inc.'s Leadership

The leadership team of CB Financial Services, Inc. is responsible for setting the strategic direction of the company and overseeing its operations. Key members of the leadership team include:

• Barron P. McCool serves as the President and Chief Executive Officer.
• Andrew W. Stimmel is the Executive Vice President and Chief Financial Officer.
• Patrick J. O'Brien holds the position of Executive Vice President and Chief Lending Officer.

These individuals, along with other members of the executive team and board of directors, play a crucial role in guiding CB Financial Services, Inc. and ensuring its continued success in the competitive financial services industry.

CB Financial Services, Inc. (CBFV) Mission and Values

CB Financial Services, Inc. aims to deliver comprehensive financial solutions while upholding strong community values. The company's mission and values reflect a commitment to its customers, employees, and the communities it serves.

CB Financial Services, Inc.'s Core Purpose

Official mission statement

While the official mission statement of CB Financial Services, Inc. isn't explicitly available, their approach to banking and community involvement suggests a dedication to fostering financial well-being and community growth. This is achieved through:

• Providing personalized financial solutions.
• Investing in local communities.
• Building long-term relationships with customers.

Vision statement

CB Financial Services, Inc.'s vision appears to be focused on sustainable growth and community enrichment. This involves:

• Expanding their services while maintaining a community-focused approach.
• Leveraging technology to enhance customer experience.
• Supporting local businesses and initiatives.

Company slogan/tagline

As of now, there is no explicitly stated official slogan or tagline for CB Financial Services, Inc. However, their commitment to local growth and customer-centric services could be encapsulated in a tagline that emphasizes community partnership and financial empowerment. To gain more insights into CB Financial Services, Inc.'s financial standing, consider exploring Breaking Down CB Financial Services, Inc. (CBFV) Financial Health: Key Insights for Investors.

CB Financial Services, Inc. (CBFV) How It Works

CB Financial Services, Inc., through its subsidiary, Community Bank, provides a range of financial products and services to individuals, businesses, and municipalities. These services encompass traditional banking solutions, wealth management, and insurance products, tailored to meet the diverse needs of their customer base.

CB Financial Services, Inc.'s Product/Service Portfolio

CB Financial Services, Inc.'s Operational Framework

CB Financial Services operates with a community-focused banking model. The bank emphasizes building strong customer relationships by offering personalized service and local decision-making. Operations are supported by investments in technology to enhance customer experience and streamline processes.

• Customer Acquisition and Retention: Attracting new customers through community involvement, competitive product offerings, and customer referrals, while retaining existing customers through excellent service and relationship management.
• Credit Underwriting: Assessing and managing credit risk through rigorous underwriting standards and ongoing monitoring of loan portfolios.
• Deposit Gathering: Attracting and retaining deposits through competitive interest rates, convenient banking channels, and customer loyalty programs.
• Compliance and Risk Management: Maintaining compliance with banking regulations and managing operational, financial, and cybersecurity risks.
• Investment Management: Providing wealth management and trust services, focusing on long-term financial planning and investment strategies tailored to individual client needs.

CB Financial Services, Inc.'s Strategic Advantages

CB Financial Services maintains several strategic advantages that contribute to its success in the competitive financial services industry.

• Community Focus: Strong local presence and deep community ties, which foster customer loyalty and trust.
• Diversified Product Offerings: A broad range of banking, wealth management, and insurance products, allowing the company to meet diverse customer needs and generate multiple revenue streams.
• Experienced Management Team: A seasoned leadership team with a proven track record of driving growth and profitability.
• Efficient Operations: Investments in technology and process improvements that enhance efficiency and customer experience.

For insights into the financial health of CB Financial Services, Inc., you can explore this resource: Breaking Down CB Financial Services, Inc. (CBFV) Financial Health: Key Insights for Investors

CB Financial Services, Inc. (CBFV) How It Makes Money

CB Financial Services, Inc. primarily generates revenue through traditional banking activities, including interest income from loans and investment securities, as well as non-interest income from services like wealth management, insurance, and other fees.

CB Financial Services, Inc.'s Revenue Breakdown

Information on the specific breakdown of CB Financial Services, Inc.'s revenue streams as percentages of the total and their growth trends is not available in the provided search results. To get this information, you would typically consult their annual reports or investor relations materials.

However, in general, a bank's revenue streams can be categorized as follows:

CB Financial Services, Inc.'s Business Economics

The business economics of CB Financial Services, Inc. are influenced by several factors:

• Interest Rate Spreads: The difference between the interest earned on loans and investments and the interest paid on deposits significantly impacts profitability.
• Loan Volume and Quality: The amount of loans the bank issues and the creditworthiness of borrowers are crucial. Higher loan volumes can increase interest income, but poor loan quality can lead to losses.
• Operating Efficiency: Managing operational costs effectively is essential. This includes salaries, technology expenses, and other overhead.
• Regulatory Environment: Banking regulations affect capital requirements, lending practices, and compliance costs.
• Market Conditions: Economic growth, unemployment rates, and housing market trends in the bank's geographic area influence loan demand and credit quality.

More insights about CB Financial Services, Inc., please read: Mission Statement, Vision, & Core Values of CB Financial Services, Inc. (CBFV).

CB Financial Services, Inc.'s Financial Performance

Key metrics that reflect CB Financial Services, Inc.'s financial performance include:

• Net Income: The company's profit after all expenses and taxes.
• Earnings Per Share (EPS): Profit allocated to each outstanding share of common stock.
• Return on Assets (ROA): A ratio that indicates how profitable a company is relative to its total assets.
• Return on Equity (ROE): Measures how effectively management is using a company’s equity to generate profits.
• Net Interest Margin (NIM): A measure of the difference between the interest income generated from loans and investments and the interest paid to depositors, relative to the amount of interest-earning assets.
• Efficiency Ratio: Measures a bank's overhead expenses as a percentage of its revenue; a lower ratio indicates greater efficiency.

For specific financial figures, such as those from the 2024 fiscal year, it is important to consult CB Financial Services, Inc.'s official financial statements and investor reports.

CB Financial Services, Inc. (CBFV) Market Position & Future Outlook

CB Financial Services, Inc. operates within a competitive financial services landscape, focusing on community banking and wealth management. The company's future outlook is shaped by its ability to adapt to changing economic conditions, technological advancements, and evolving customer needs.

Competitive Landscape

Opportunities & Challenges

Industry Position

CB Financial Services, Inc. maintains a solid position as a community-focused bank within a highly competitive industry. Its success hinges on:

• Leveraging its local market knowledge to provide personalized financial solutions.
• Investing in technology to enhance customer experience and streamline operations.
• Managing credit risk effectively in a fluctuating economic environment.

To gain deeper insights into investor activity, explore: Exploring CB Financial Services, Inc. (CBFV) Investor Profile: Who’s Buying and Why?