In This Article:
CB Financial Services (NASDAQ:CBFV) Full Year 2024 Results
Key Financial Results
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Revenue: US$50.0m (down 27% from FY 2023).
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Net income: US$12.6m (down 44% from FY 2023).
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Profit margin: 25% (down from 33% in FY 2023). The decrease in margin was driven by lower revenue.
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EPS: US$2.45 (down from US$4.41 in FY 2023).
CBFV Banking Performance Indicators
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Net interest margin (NIM): 3.20% (down from 3.29% in FY 2023).
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Cost-to-income ratio: 69.1% (up from 56.6% in FY 2023).
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Non-performing loans: 0.16% (down from 0.20% in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CB Financial Services Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 1.2%.
Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 1.4% from a week ago.
Risk Analysis
You still need to take note of risks, for example - CB Financial Services has 1 warning sign we think you should be aware of.
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