CB Financial Services Third Quarter 2024 Earnings: Beats Expectations

CB Financial Services (NASDAQ:CBFV) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$12.7m (flat on 3Q 2023).
• Net income: US$3.22m (up 21% from 3Q 2023).
• Profit margin: 25% (up from 21% in 3Q 2023).
• EPS: US$0.63 (up from US$0.52 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CB Financial Services Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 17%.

Looking ahead, revenue is expected to decline by 9.2% p.a. on average during the next 3 years, while revenues in the Banks industry in the US are expected to grow by 6.7%.

Performance of the American Banks industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

Be aware that CB Financial Services is showing 1 warning sign in our investment analysis that you should know about...

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