CB Financial Services Management

Management criteria checks 2/4

CB Financial Services' CEO is John Montgomery, appointed in Aug 2020, has a tenure of 3.67 years. total yearly compensation is $1.18M, comprised of 38% salary and 62% bonuses, including company stock and options. directly owns 0.96% of the company’s shares, worth $1.06M. The average tenure of the management team and the board of directors is 4.9 years and 7.8 years respectively.

Key information

John Montgomery

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage	38.0%
CEO tenure	3.7yrs
CEO ownership	1.0%
Management average tenure	4.9yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CB Financial Services (NASDAQ:CBFV) Has Affirmed Its Dividend Of $0.25

Feb 04

CB Financial Services (NASDAQ:CBFV) Has Announced That It Will Be Increasing Its Dividend To $0.25

May 04

CB Financial Services (NASDAQ:CBFV) Will Pay A Larger Dividend Than Last Year At $0.25

Feb 01

CB Financial Services (NASDAQ:CBFV) Has Announced A Dividend Of $0.24

Nov 16

CB Financial Services Non-GAAP EPS of $0.05 misses by $0.29, revenue of $12.27M misses by $0.86M

Jul 28

CB Financial Services announces $7.5M share repurchase program; sale of two West Virginia branches

Jun 10

CB Financial Services declares $0.24 dividend

May 04

Don't Buy CB Financial Services, Inc. (NASDAQ:CBFV) For Its Next Dividend Without Doing These Checks

Feb 07

Something To Consider Before Buying CB Financial Services, Inc. (NASDAQ:CBFV) For The 4.9% Dividend

Jan 20

CEO Compensation Analysis

How has John Montgomery's remuneration changed compared to CB Financial Services's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$1m	US$449k	US$23m
Sep 30 2023	n/a	n/a	US$14m
Jun 30 2023	n/a	n/a	US$15m
Mar 31 2023	n/a	n/a	US$12m
Dec 31 2022	US$652k	US$435k	US$11m
Sep 30 2022	n/a	n/a	US$14m
Jun 30 2022	n/a	n/a	US$12m
Mar 31 2022	n/a	n/a	US$12m
Dec 31 2021	US$605k	US$420k	US$12m
Sep 30 2021	n/a	n/a	US$8m
Jun 30 2021	n/a	n/a	-US$12m
Mar 31 2021	n/a	n/a	-US$9m
Dec 31 2020	US$1m	US$265k	-US$11m

Compensation vs Market: John's total compensation ($USD1.18M) is above average for companies of similar size in the US market ($USD677.87K).

Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.

CEO

John Montgomery (61 yo)

3.7yrs

Tenure

US$1,182,137

Compensation

Mr. John H. Montgomery has been President, Chief Executive Officer and Director of CB Financial Services, Inc. and Community Bank since August 31, 2020. He served as Chief Credit Officer and Executive Vice...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Montgomery	President	3.7yrs	US$1.18m	0.96% $ 1.1m
Jennifer George	Senior Executive VP & COO	4.9yrs	US$353.48k	0.51% $ 559.9k
Ralph Burchianti	Senior Executive VP	no data	US$429.77k	1.73% $ 1.9m
Jamie Prah	CFO & Executive VP	4.9yrs	no data	0.45% $ 493.3k
Richard Boyer	Senior Vice President of Insurance Operations	no data	US$506.69k	0% $ 0
Alan Bicker	Executive VP & Chief Consumer Banking Officer	no data	no data	no data
James Welsh	Senior VP & Chief Auditor	no data	no data	no data
Benjamin Brown	Executive VP and Director of Client Experience & Innovation	no data	no data	no data
Bruce Sharp	Executive VP & Chief Commercial Banking Officer	no data	no data	no data
Elizabeth Calvario	Corporate Secretary	no data	no data	no data

4.9yrs

Average Tenure

61yo

Average Age

Experienced Management: CBFV's management team is considered experienced (4.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Montgomery	President	3.7yrs	US$1.18m	0.96% $ 1.1m
Ralph Burchianti	Senior Executive VP	5.3yrs	US$429.77k	1.73% $ 1.9m
John LaCarte	Independent Director	9.5yrs	US$60.61k	2.71% $ 3.0m
John Swiatek	Independent Director	9.5yrs	US$59.41k	0.47% $ 523.9k
Barron McCune	Director Emeritus	5.3yrs	US$563.30k	no data
Jonathan Bedway	Independent Director	6yrs	US$55.81k	0.37% $ 408.9k
Roberta Olejasz	Independent Director	6yrs	US$59.85k	0.26% $ 288.6k
David Pollock	Independent Director	17.8yrs	US$59.41k	0.96% $ 1.1m
Charles Guthrie	Independent Vice Chairman	19.3yrs	US$72.61k	0.54% $ 595.8k
Mark Fox	Independent Chairman of the Board	26.3yrs	US$75.61k	0.50% $ 553.0k

7.8yrs

Average Tenure

63.5yo

Average Age

Experienced Board: CBFV's board of directors are considered experienced (7.8 years average tenure).

CB Financial Services Management

Management criteria checks 2/4

Key information

Recent management updates

CB Financial Services, Inc., Annual General Meeting, May 15, 2024

CB Financial Services, Inc. and Community Bank Announce the Retirement of Joseph N. Headlee as Director

Richard B. Boyer Resigns as Director of Community Bank, CB Financial Services, Inc. and Exchange Underwriters, Inc

Insufficient new directors

Independent Director recently bought US$145k worth of stock

CB Financial Services, Inc. and Community Bank Announces Retirement of Karl G. Baily Retired as A Director

Recent updates

Full year 2023 earnings: EPS and revenues exceed analyst expectations

CB Financial Services, Inc., Annual General Meeting, May 15, 2024

Upcoming dividend of US$0.25 per share at 4.4% yield

CB Financial Services (NASDAQ:CBFV) Has Affirmed Its Dividend Of $0.25

Fourth quarter dividend of US$0.25 announced

Full year 2023 earnings: EPS and revenues exceed analyst expectations

CB Financial Services, Inc. Declares Cash Dividend, Payable on or About February 29, 2024

CB Financial Services, Inc. and Community Bank Announce the Retirement of Joseph N. Headlee as Director

Consensus EPS estimates increase by 66%

Richard B. Boyer Resigns as Director of Community Bank, CB Financial Services, Inc. and Exchange Underwriters, Inc

Upcoming dividend of US$0.25 per share at 4.7% yield

Third quarter 2023 earnings released: EPS: US$0.52 (vs US$0.77 in 3Q 2022)

Cb Financial Services, Inc. Declares Quarterly Cash Dividend, Payable on or About November 30, 2023

Insufficient new directors

Upcoming dividend of US$0.25 per share at 4.4% yield

Price target increased by 8.7% to US$25.00

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

CB Financial Services, Inc. Reports Net Charge-Offs Results for the Second Quarter Ended June 30, 2023

Price target decreased by 8.0% to US$23.00

Independent Director recently bought US$145k worth of stock

CB Financial Services, Inc. and Community Bank Announces Retirement of Karl G. Baily Retired as A Director

Upcoming dividend of US$0.25 per share at 4.9% yield

CB Financial Services (NASDAQ:CBFV) Has Announced That It Will Be Increasing Its Dividend To $0.25

Full year 2022 earnings: EPS misses analyst expectations

Insufficient new directors

CB Financial Services, Inc., Annual General Meeting, May 17, 2023

Consensus EPS estimates increase by 12%

Upcoming dividend of US$0.25 per share at 4.6% yield

CB Financial Services (NASDAQ:CBFV) Will Pay A Larger Dividend Than Last Year At $0.25

Full year 2022 earnings: EPS misses analyst expectations

CB Financial Services, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

President exercised options to buy US$68k worth of stock.

CB Financial Services (NASDAQ:CBFV) Has Announced A Dividend Of $0.24

Upcoming dividend of US$0.24 per share

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

CB Financial Services, Inc. Declares Quarterly Cash Dividend, Payable on or About November 30, 2022

Upcoming dividend of US$0.24 per share

Price target decreased to US$25.00

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

CB Financial Services, Inc. Declares Quarterly Cash Dividend for Outstanding Share of Common Stock, Payable on or About August 31, 2022

CB Financial Services Non-GAAP EPS of $0.05 misses by $0.29, revenue of $12.27M misses by $0.86M

CB Financial Services, Inc. (NasdaqGM:CBFV) acquired unknown stake in Action SST inc.

Upcoming dividend of US$0.24 per share

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased to US$27.00

Now 22% undervalued after recent price drop

CB Financial Services, Inc. (NasdaqGM:CBFV) announces an Equity Buyback for $10 million worth of its shares.

CB Financial Services, Inc., Annual General Meeting, May 18, 2022

Now 21% undervalued after recent price drop

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued

Upcoming dividend of US$0.24 per share

Price target increased to US$27.00

Senior Executive VP exercised options to buy US$187k worth of stock.

Full year 2021 earnings: EPS and revenues exceed analyst expectations

CB Financial Services, Inc. Declares Quarterly Cash Dividend, Payable on or About February 28, 2022

CB Financial Services, Inc. announced that it has received $15 million in funding

CB Financial Services, Inc. announced that it expects to receive $15 million in funding

Upcoming dividend of US$0.24 per share

Price target increased to US$24.50

Third quarter 2021 earnings released: EPS US$0.37 (vs US$3.22 loss in 3Q 2020)

President exercised options to buy US$69k worth of stock.

Independent Director William Groves has left the company

Upcoming dividend of US$0.24 per share

Second quarter 2021 earnings released: US$0.041 loss per share (vs US$0.54 profit in 2Q 2020)

CB Financial Services, Inc.(NasdaqGM:CBFV) dropped from Russell 2000 Defensive Index

Insider recently bought US$67k worth of stock

CB Financial Services, Inc. (NasdaqGM:CBFV) announces an Equity Buyback for 6.3% of its issued share capital, for $7.5 million.