CBFVNasdaqState Commercial BanksFiscal year ends December 31
CB Financial Services, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$37.45−0.10 (-0.27%)
Close on Oct 19, 2026
- Market cap
- $200.51M
- P/E (TTM)
- 27.1
- Dividend yield
- 2.72%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
11.3%+33.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -15.5% | -6.2% | -1.7% | +1.7% | |
| Net income | -61.1% | -24.2% | – | -5.3% | |
| EPS, diluted | -61.3% | -25.0% | – | -7.8% | |
| Free cash flow | +399.5% | +7.9% | +4.5% | -10.3% | |
| Dividend per share | +2.0% | +2.0% | +1.2% | +1.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.6% | -7.5% | 3.2% | |
| Return on assets | 0.9% | -0.8% | 0.3% | |
| Capex to revenue | 7.0% | 0.7% | 1.5% | |
| Diluted shares | 4M | 5M | 5M |
Where the cash went
Fiscal 2021 to 2025, five years combined
CB Financial Services generated $66.00M from operations and spent $53.21M on capital expenditure, dividends and share buybacks. 19% of that went back into the business.
Generated
$66.00M
Used
$53.21M
Capital expenditure$10.15M19%Dividends$25.46M48%Share buybacks$17.59M33%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin11.3%
×Asset turnover0.03×
×Equity multiplier9.93×
=Return on equity, FY20253.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 11.3% | 0.03× | 9.93× | 3.2% |
| FY2024 | 24.4% | 0.04× | 10.23× | 8.8% |
| FY2023 | 32.9% | 0.05× | 11.46× | 18.0% |
| FY2022 | 21.3% | 0.04× | 11.65× | 9.2% |
| FY2021 | 26.6% | 0.03× | 10.62× | 8.6% |
| FY2020 | -22.4% | 0.03× | 9.59× | -7.5% |
| FY2019 | 28.1% | 0.04× | 9.02× | 9.9% |
| FY2018 | 16.2% | 0.04× | 9.60× | 6.1% |
| FY2017 | 21.4% | 0.04× | 9.74× | 7.6% |
| FY2016 | 20.8% | 0.04× | 9.51× | 8.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$4.90M
- Cash generatingOperating cash flow above zero$17.81M
- Return on assets improvedROA up on the prior year0.9% → 0.3%
- Earnings backed by cashOperating cash flow above net income$17.81M vs $4.90M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise5M → 5M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.04 → 0.03