CB Financial Services Q3 adjusted EPS beats analyst estimates

By Reuters News


Overview

  • US regional bank's Q3 adjusted EPS rose and beat analyst expectations

  • Adjusted net income and pretax profit for Q3 beat analyst expectations

  • Asset quality remains strong with nonperforming loans at 0.28% of total loans


Outlook

  • Company focused on building loan and deposit momentum into year-end and 2027

  • Company expects loan payoff activity to moderate in Q4

  • Company expects Specialty Treasury program contribution to deposits to build over time


Result Drivers

  • HIGHER ASSET YIELDS - Co said improved net interest margin was driven by higher yields on cash, securities and loans

  • ASSET MIX SHIFT - Co redeployed repayments from lower-yielding loans into higher-yielding commercial loans, increasing commercial loan share of portfolio

  • DEPOSIT MIX - Co said shift toward lower cost core deposits and onboarding of Specialty Treasury clients reduced funding costs


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted EPS

Beat

$0.91

$0.81 (3 Analysts)

Q3 Adjusted Net Income

Beat

$4.87 mln

$4.33 mln (3 Analysts)

Q3 Net Income

$5.33 mln

Q3 Pretax Profit

Beat

$5.82 mln

$5.43 mln (3 Analysts)

Q3 Loan Loss Provision

-$69,000


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the banks peer group is "hold."

  • Wall Street's median 12-month price target for CB Financial Services Inc is $42.00, about 8.7% above its October 23 closing price of $38.65

  • The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago


Reuters Recommended Reads

  • Oct 26 - Bank of Marin Bancorp Q3 profit beats estimates on higher loan yields

  • Oct 26 - Business First Bancshares Q3 net income rises on loan and deposit growth

  • Oct 26 - Lakeland Financial Q3 net income rises on commercial loan growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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