CB Financial Services reported fourth quarter earnings of $0.72 per share, falling short of the Zacks Consensus Estimate of $0.83. This result nonetheless represents more than a doubling from $0.35 per share in the same period last year. The miss was driven primarily by $943,000 of non-GAAP adjustments related to loan reserves and one-time expenses, compared with a $562,000 adjustment a year earlier. Net income on a GAAP basis was $4.7 million for Q4, up from $2.5 million in Q4 2024, while adjusted net income reached $3.8 million.

Total assets grew modestly to $1.55 billion at December 31, 2025, up $2.2 million from the prior quarter. The bank sold $129.6 million of lower-yielding securities last quarter and reinvested $117.8 million in higher-yielding agency and municipal mortgage-backed securities, boosting the yield on earning assets to 5.48% and adding an estimated 19 basis points to net interest margin. Consequently, net interest margin rose to 3.76% from 3.64% in Q3, while cost of funds fell to 1.78%, reflecting a strategic shift toward lower-cost core deposits and disciplined pricing.

Effective January 21, 2026, Amanda L. Engles was elevated to Executive Vice President and CFO after serving as interim CFO since February 2025 and director of accounting since March 2023. Engles brings 22 years of banking finance experience, including CFO roles at Emclaire Financial and Farmers National Bank. The board also approved a 7.7% increase in the regular quarterly cash dividend to $0.28 per share, payable February 27 to shareholders of record February 13, underscoring confidence in capital generation and shareholder returns.