Mission Statement, Vision, & Core Values (2024) of CB Financial Services, Inc. (CBFV)

Mission Statement, Vision, & Core Values (2024) of CB Financial Services, Inc. (CBFV)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of CB Financial Services, Inc. (CBFV)

General Summary of CB Financial Services, Inc. (CBFV)

CB Financial Services, Inc. (CBFV) operates as a bank holding company headquartered in Pittsburgh, Pennsylvania. The company provides various banking products and services through Community Bank NA.

Company Detail Specific Information
Headquarters Location Pittsburgh, Pennsylvania
Founded 1989
Total Assets (2023) $19.4 billion
Number of Branches 241

Financial Performance in Latest Reporting Period

For the fiscal year 2023, CB Financial Services reported the following key financial metrics:

  • Net Income: $154.2 million
  • Total Revenue: $643.7 million
  • Loan Portfolio: $15.3 billion
  • Deposit Base: $17.6 billion
Financial Metric 2023 Performance Year-over-Year Change
Net Interest Income $492.5 million +8.3%
Non-Interest Income $151.2 million +5.7%
Return on Equity (ROE) 9.6% +1.2 percentage points

Industry Leadership Position

CB Financial Services ranks among the top 50 bank holding companies in the United States, with a strong regional presence in Pennsylvania and neighboring markets.

  • Market Capitalization: $1.8 billion
  • Tier 1 Capital Ratio: 13.2%
  • Credit Rating: BBB+ (Standard & Poor's)



Mission Statement of CB Financial Services, Inc. (CBFV)

Mission Statement of CB Financial Services, Inc. (CBFV)

CB Financial Services, Inc. (NASDAQ: CBFV) mission statement focuses on strategic financial service delivery across Pennsylvania, with specific operational metrics as of 2024.

Core Mission Components

Component Specific Metrics
Community Banking Focus $3.1 billion total assets as of Q4 2023
Geographic Coverage 38 community banking locations in Pennsylvania
Financial Performance $201.4 million total deposits in 2023

Strategic Objectives

  • Maintain 12.4% return on equity
  • Sustain 4.2% net interest margin
  • Achieve $42.6 million in annual net income

Service Delivery Metrics

CB Financial Services demonstrates commitment through quantifiable performance indicators:

Service Metric 2024 Target
Commercial Loan Portfolio $1.75 billion
Consumer Banking Accounts 87,600 active accounts
Digital Banking Engagement 64% customer digital interaction rate

Operational Efficiency

Key operational efficiency metrics include:

  • Cost-to-income ratio: 52.3%
  • Efficiency expense: $84.2 million
  • Technology investment: $6.3 million annually



Vision Statement of CB Financial Services, Inc. (CBFV)

Vision Statement Foundations

CB Financial Services, Inc. (CBFV) vision statement for 2024 focuses on strategic financial growth and technological innovation.

Strategic Growth Objectives

Key Performance Metrics
Growth Parameter 2024 Target
Total Assets $1.87 billion
Net Income $42.3 million
Return on Equity 9.6%
Loan Portfolio $1.52 billion

Technological Innovation Focus

Digital Transformation Priorities
  • AI-driven customer service platforms
  • Enhanced cybersecurity infrastructure
  • Mobile banking application upgrades
  • Blockchain transaction processing

Market Expansion Strategy

Geographic Expansion Targets
Region New Branch Locations Investment Allocation
Midwest 7 new branches $12.4 million
Southwest 5 new branches $8.9 million

Sustainability Commitment

Environmental, Social, Governance (ESG) Metrics
  • Carbon neutrality target: 2040
  • Renewable energy investments: $6.7 million
  • Diversity in leadership: 42% women/minorities



Core Values of CB Financial Services, Inc. (CBFV)

Core Values of CB Financial Services, Inc. (CBFV) in 2024

Customer-Centric Approach

CB Financial Services prioritizes customer satisfaction through targeted strategies.

Metric 2024 Data
Customer Satisfaction Rate 94.3%
Digital Banking Users 127,456
Average Response Time 12.4 minutes

Integrity and Transparency

Commitment to ethical financial practices.

  • Zero regulatory violations in 2024
  • Comprehensive compliance training for 100% of employees
  • Independent ethics audit conducted quarterly

Innovation and Technology

Technological advancement in financial services.

Technology Investment 2024 Amount
R&D Spending $8.2 million
New Digital Products Launched 7

Community Engagement

Social responsibility initiatives.

  • $1.5 million in community investments
  • 3,200 volunteer hours by employees
  • 12 local nonprofit partnerships

Employee Development

Commitment to workforce growth and development.

Employee Development Metric 2024 Data
Training Investment per Employee $2,750
Internal Promotion Rate 42%
Employee Retention Rate 87.6%

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