CB Financial Services (CBFV) investor relations material

Executive summary

• Net income for Q2 2026 was $4.3 million, up from $3.9 million in Q2 2025, with six-month net income rising to $8.2 million from $5.9 million year-over-year.

• Total assets increased 7.0% to $1.66 billion at June 30, 2026, driven by strong organic deposit growth and securities purchases.

• Specialty Treasury division reached full operational capacity, contributing $84.1 million in new deposits since year-end.

• The company remains well-capitalized with strong liquidity and no material legal proceedings.

• Continued focus on technology upgrades, talent acquisition, and process optimization to drive efficiency and growth.

Financial highlights

• Net interest and dividend income for Q2 2026 was $14.5 million, up 15.9% year-over-year, with net interest margin at 3.68%.

• Total loans grew 1.5% to $1.18 billion, led by commercial real estate and construction lending.

• Allowance for credit losses was $10.5 million (0.89% of loans), with nonperforming loans at $3.4 million (0.29% of loans).

• Noninterest expense for Q2 2026 was $10.4 million, up 18.8% year-over-year, mainly from higher salaries, benefits, and data processing costs.

• Book value per share was $31.91 and tangible book value per share was $29.99 at June 30, 2026.

Outlook and guidance

• Management anticipates continued organic deposit growth, incremental revenue from new products, and ongoing cost management.

• Ongoing investments in technology and talent are expected to support further growth in treasury and commercial banking.

• Cost control and pricing strategies remain critical amid volatile inflation and potential rate increases later in 2026.

• Expansion in mortgage lending aims to deepen customer relationships and diversify revenue.

• Specialty Treasury program expected to enhance efficiency, scalability, and earnings power.