Cb Financial Services, Inc. · NASDAQ:CBFV
Cb Financial Services — Investor Presentation (October 2026)
34 slides from Cb Financial Services's investor presentation, Oct 26, 2026
Slide 1: CB Financial Services, Inc. Investor Presentation October 2026
ch Financial Services, Inc. Investor Presentation | October 2026 This Investor Presentation should be read in conjunction with the Earnings Release furnished in Exhibit 99.1 to Form 8K furnished with the SEC on October 26, 2026. we. Se. ates . a ‘ eat yes arf Realizing Dreams, Protecting Futures, Im
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures Statements contained in this investor presentation that are not historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and such forward-looking statements ar
Slide 3: CB Financial Services, Inc. - Corporate Overview
CB Financial Services, Inc. - Corporate Overview • Holding Company for Community Bank (Carmichaels, PA), serving the community since 1901 • Community Bank operates 12 full-service branch offices Branches/ITM and two loan production offices, all in southwestern LPO Pennsylvania and northern West Virg
Slide 4: About Us
About Us Our Mission Statement Community Bank partners with individuals, businesses and communities to realize their dreams, protect their financial futures and improve their lives. Our Core Values Take Care of Each Other Always Do the Right Thing Be a Great Teammate Work Hard to Achieve Our Goals G
Slide 5: Creating Value for our Shareholders and Stakeholders
Creating Value for our Shareholders and Stakeholders Strategic Initiatives • Sustainable Earnings Growth ▪ Improve core earnings by investing in talent and technology, implementing and rewarding a disciplined sales culture, innovating new products, providing best in class delivery, improving efficie
Slide 6: Strategic Focus
Strategic Focus Treasury Management & Commercial Banking Strategy Strategic Focus Objectives Results CB's footprint contains highly concentrated markets and Build and develop a Treasury Management (TM) and Under the leadership of Jim Mele, a seasoned veteran with an there is opportunity to gain mark
Slide 7: 2026 Macro Outlook
2026 Macro Outlook CB needs to remain vigilant and adaptable to navigate the uncertainties and complexities of the macroeconomic landscape in 2026 and beyond. Item Comment Monetary policy remains uncertain as the Federal Reserve balances inflation, economic Monetary Policy growth, and employment. Co
Slide 8: Q3 2026 Financial Highlights
Q3 2026 Financial Highlights
Slide 9: Q3 2026 Highlights (Unaudited)
Q3 2026 Highlights (Unaudited) Balance Sheet & Asset Quality (as of September 30, 2026 unless otherwise noted) • Steady loan portfolio. Total loans ($1.16 billion) decreased 1.5% from June 30, 2026 due to decreases in commercial and industrial and indirect auto loans (discontinued product in Q2 2023
Slide 10: Q3 2026 Results Overview (Unaudited)
Q3 2026 Results Overview (Unaudited) Financial Highlights Change Quarterly Highlights(3) ($000s except per share) Q3 2026 Q2 2026 Q3 2025 Balance Sheet Balance Sheet: Total Net Loans (Net of Allowance) $ 1,151,889 $ (17,381) $ 18,649 • Loans decreased $17.4 million as a result of a decrease in Total
Slide 11: Financial Trends - Balance Sheet (Unaudited)
Financial Trends - Balance Sheet (Unaudited) Total Assets Total Net Loans $1,700 Net Loans Yield on Loans $1,656 $1,628 $1,200 6.00% $1,169 $1,583 $1,175 5.90% $1,600 $1,152 $1,148 $1,152 $1,546 $1,548 $1,150 $1,133 5.80% in millions $1,125 in millions $1,500 5.70% $1,100 5.60% $1,075 $1,400 $1,050
Slide 12: Financial Trends - Reported Earnings and Profitability (Unaudited)
Financial Trends - Reported Earnings and Profitability (Unaudited) Net Income (Loss) / PPNR (non-GAAP)(1) Earnings (Loss) Per Share (EPS) - Diluted Net Income (Loss) PPNR $0.99 $6,000 $5,632 $5,116 $5,327 $5,755 $1.00 $0.89 $0.80 $4,742 $4,822 $0.73 $3,867 $4,301 $4,000 $0.50 $2,000 in thousands $—
Slide 13: Financial Trends - Core Earnings and Profitability (Unaudited)
Financial Trends - Core Earnings and Profitability (1) (Unaudited) Core Net Income / Core PPNR (non-GAAP) Core EPS - Diluted (non-GAAP) Core Net Income Core PPNR $1.00 $0.91 $6,000 $5,755 $5,116 $0.80 $4,996 $4,881 $4,814 $4,865 $0.74 $0.73 $5,000 $0.72 $0.75 $4,301 $3,931 $3,810 $3,861 $4,000 in th
Slide 14: Financial Trends - Earnings and Profitability (Unaudited)
Financial Trends - Earnings and Profitability (Unaudited) Total Revenue (non-GAAP) (1) Highlights - Revenue Net Interest Income Noninterest Income (adj.) $17,000 $16,000 $1,021 Noninterest Income (adj.) (non-GAAP) (1): $15,000 $972 $14,998 • All periods exclude gains/losses on sale of securities. in
Slide 15: Monthly Earnings Trends (Unaudited)
Monthly Earnings Trends (Unaudited) Net Interest Margin (NIM) (Non-GAAP) (1) Net Interest Income (FTE) (Non-GAAP) (1) 6.00% 5.62% 5.54% $5,500 $5,250 5.00% 3.88% 3.85% $5,000 4.00% $4,750 3.00% $4,500 2.33% 2.23% $4,250 2.00% $4,000 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 $3,750 $3,500 Ne
Slide 16: Deposit Composition / Characteristics
Deposit Composition / Characteristics
Slide 17: Deposit Mix and Cost (Unaudited)
Deposit Mix and Cost (Unaudited) Deposit Mix Average Cost of Interest-Bearing Deposits 5.50% 9/30/25 21.9% 27.4% 15.5% 12.7% 15.1% 7.4% 5.00% 4.36% 4.50% 4.12% 3.92% 3.79% 3.79% 12/31/25 21.8% 26.7% 15.6% 12.6% 15.9% 7.4% 4.00% Noninterest-Bearing 3.50% 3.12% 3.15% 3.04% 2.99% 2.93% Interest-Bearing
Slide 18: Growth in Average Deposits (Unaudited)
Growth in Average Deposits (Unaudited) Quarterly Average Deposit Balance $600,000 $500,000 $400,000 (in thousands) $300,000 $200,000 $100,000 $— Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Noninterest-Bearing Interest-Bearing Money Market Savings Time Deposits Brokered Deposits Deposit Composition - Ave
Slide 19: Deposit Composition (unaudited)
Deposit Composition (unaudited) Retail Deposits as of September 30, 2026 Commercial Deposits as of September 30, 2026 Specialty Deposits as of September 30, 2026 —% cost / —% cost / —% cost / 2.95% cost / $96.5 million 3.52% cost / $165.1 million 3.32% cost / $14.6 million $24.2 million $13.0 millio
Slide 20: Secure Deposit Base (Unaudited)
Secure Deposit Base (Unaudited) Highlights As of 9/30/2026 • In total, 74.2% of client deposits (non- brokered) are FDIC insured or collateralized with investment securities as of September 30, 2026, compared to 75.2% as of December 31, 2025. Uninsured, 25.8% • Uninsured client deposits consist of b
Slide 21: Strong Liquidity Position (Unaudited)
Strong Liquidity Position (Unaudited) Highlights Other Capacity Cash • Cash & Cash Equivalents totaled $30.8 million, or $55.0 million $30.8 million 1.9% of total assets. Investments $161.4 million • Investment Securities totaled $344.0 million, with $182.6 million utilized as collateral for public
Slide 22: Loan Portfolio Composition
Loan Portfolio Composition
Slide 23: Loan Portfolio Composition (Unaudited)
Loan Portfolio Composition (Unaudited) As of 9/30/2026 Highlights Real Estate- • Loans remained stable at $1.16 billion for both September 30, Consumer 2.4% Residential 27.8% 2026 and December 31, 2025 due primarily from growth in Other 2.1% commercial and construction real estate loans, partially o
Slide 24: Commercial Loan Portfolio Detail (Unaudited)
Commercial Loan Portfolio Detail (Unaudited) C&I and CRE Loans by Industry Highlights 11.7% • CRE loans represent 51.5% of the total loan portfolio. 1.6% 23.9% • Limited exposure to office space. 2.5% Retail Space 2.6% Multifamily • 20.8% of CRE loans are owner occupied. 4.4% Warehouse Space • Non-O
Slide 25: Consumer Loan Portfolio Detail (Unaudited)
Consumer Loan Portfolio Detail (Unaudited) Consumer Lending Portfolio - $350.9M Highlights • Residential loans represent 28.0% of total loans. • 68.2% of residential loans have an LTV of less than 70%, based on appraised values at the time of origination. • Indirect auto loans represent 1.4% of tota
Slide 26: Asset Quality, Capital Ratios and IRR
Asset Quality, Capital Ratios and IRR
Slide 27: Asset Quality Trends (Unaudited)
Asset Quality Trends (Unaudited) Net Charge-Offs (Recoveries) / Average Loans Allowance for Credit Losses / Nonperforming Assets Net Charge Offs (Recoveries) NCO's (Recoveries)/ Avg Loans Nonperforming Assets ALLL / Nonperforming Assets $350 0.18% $6,000 600.00% $295 $5,310 $300 0.15% $250 0.13% $20
Slide 28: Capital Ratios (Bank Only) (Unaudited)
Capital Ratios (Bank Only) (Unaudited) Common Equity Tier 1 Capital (to Risk Weighted Assets) Tier 1 Capital to Risk Weighted Assets Common Equity Tier 1 Capital Adequately Capitalized Well Capitalized Tier 1 Capital Adequately Capitalized Well Capitalized 16.00% 16.00% 14.70% 14.70% 14.19% 13.92% 1
Slide 29: Interest Rate Risk (Unaudited)
Interest Rate Risk (Unaudited) Change in Net Interest Income (as of 09/30/2026) Change in Economic Value of Equity (as of 09/30/2026) $250 $130 $50,000 $— $27,793 $(53) $21,734 $— $(116) $25,000 $12,543 $(253) $(250) $— (in thousands) (in thousands) $— $(14,604) $(500) $(598) $(30,652) $(25,000) $(7
Slide 30: Conclusions
Conclusions
Slide 31: Investment Summary
Investment Summary Market Presence with Brand Recognition Seasoned Executive Serving Stable Southwestern PA & Leadership Ohio River Valley markets Proven experience through all economic cycles Rewarding Shareholders Increased quarterly dividend 8% to $0.28 per share in Q1 2026 Deploying Technology t
Slide 32: Delivering Value to Shareholders
Delivering Value to Shareholders Our goal is to continue operating as a high-performing, independent community bank, generating positive returns and adding significant value for our shareholders. ◦ Committed to Improving Financial Performance ▪ Revenue Growth ▪ Consistent returns ◦ Dividend and Capi
Slide 33: Concluding Thoughts
Concluding Thoughts ◦ Community bank model is highly-differentiated compared with large regional banks ◦ Intense focus on sales and service culture and quality product offerings which builds full relationships with our clients ◦ Utilize technology investments to enhance speed of process while improv
Slide 34: Contact Information
Contact Information Company Contact John H. Montgomery Bank Main Office: President and Chief Executive Officer 100 N. Market Street Phone: (724) 223-8317 Carmichaels, PA 15320 Investor Relations Corporate Center: The IR Group 2111 North Franklin Drive, Suite 200 Diane Fitzgibbons, President Washingt
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