株探米国株
エドガーで原本を確認する
0001605301FALSE100 N. Market StreetCarmichaelsPA724966-504100016053012026-07-272026-07-27

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 27, 2026
CB FINANCIAL SERVICES, INC.
(Exact name of registrant as specified in its charter)

Commission file number: 001-36706

Pennsylvania 51-0534721
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

100 N. Market Street, Carmichaels, PA
 15320
(Address of principal executive offices) (Zip Code)

(724) 966-5041
(Registrant’s telephone number, including area code)

Not Applicable
(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:

Common stock, par value $0.4167 per share CBFV The Nasdaq Stock Market, LLC
(Title of each class) (Trading symbol) (Name of each exchange on which registered)


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition
period for complying with any new or revised financial accounting standard provided pursuant to Section 13(a) of the
Exchange Act.  ☐



Item 2.02. Results of Operations and Financial Condition.
On July 27, 2026, CB Financial Services, Inc. ("the Company") issued a press release announcing its financial results for the three and six months ended June 30, 2026, a copy of which is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 8.01. Other Events.
On July 27, 2026, the Company announced that its Board of Directors declared a cash dividend on the Company's outstanding shares of common stock. The dividend of $0.28 per share will be paid on or about August 28, 2026 to stockholders of record as of the close of business on August 14, 2026.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
99.1.    Earnings Press Release Dated July 27, 2026
99.2.    Investor Presentation - July 2026
104. Cover Page Interactive Data File (embedded in Inline XBRL)
2

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  CB FINANCIAL SERVICES, INC.
     
     
Date: July 27, 2026
 By:  /s/ John H. Montgomery
    John H. Montgomery
    President and Chief Executive Officer

3
EX-99.1 2 a20260630ex9912ndqtrearnin.htm EX-99.1 Document

EXHIBIT 99.1
cbfinancialservices.jpg

CB Financial Services, Inc.
Announces Second Quarter 2026 Financial Results and
Declares Quarterly Cash Dividend

WASHINGTON, PA., July 27, 2026 -- CB Financial Services, Inc. (“CB” or the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”), today announced its second quarter and year-to-date 2026 financial results.

Three Months Ended Six Months Ended
6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 6/30/26 6/30/25
(Dollars in thousands, except per share data) (Unaudited)
Net Income (Loss) (GAAP)
 $ 4,301  $ 3,867  $ 4,742  $ (5,696) $ 3,949  $ 8,168  $ 5,858 
Net Income Adjustments
 14  (13) (943) 9,623  —  1  808 
Adjusted Net Income (Non-GAAP) (1)
$ 4,315  $ 3,854  $ 3,799  $ 3,927  $ 3,949  $ 8,169  $ 6,666 
Earnings (Loss) per Common Share - Diluted (GAAP) $ 0.80  $ 0.73  $ 0.89  $ (1.07) $ 0.74  $ 1.54  $ 1.09 
Adjusted Earnings per Common Share - Diluted (Non-GAAP) (1)
$ 0.81  $ 0.72  $ 0.72  $ 0.74  $ 0.74  $ 1.54  $ 1.24 
Income (Loss) Before Income Tax Expense (GAAP) $ 5,099  $ 4,581  $ 5,270  $ (7,020) $ 4,715  $ 9,680  $ 7,051 
Net Provision (Recovery) for Credit Losses 17  241  362  259  8  259  (32)
Pre-Provision Net Revenue (“PPNR”)
 $ 5,116  $ 4,822  $ 5,632  $ (6,761) $ 4,723  $ 9,939  $ 7,019 
Net Income Adjustments 18  (16) (765) 11,752  —  2  1,023 
Adjusted PPNR (Non-GAAP) (1)
$ 5,134  $ 4,806  $ 4,867  $ 4,991  $ 4,723  $ 9,941  $ 8,042 
(1)    Refer to Explanation of Use of Non-GAAP Financial Measures and reconciliation of adjusted net income and adjusted earnings per common share - diluted as presented later in this Press Release.
2026 Second Quarter Financial Highlights
•Total assets were $1.66 billion at June 30, 2026, an increase of $73.1 million from March 31, 2026. Strong organic deposit growth augmented cash balances and funded loans and investment security purchases. The Bank continues to focus efforts on managing the balance sheet to maximize earnings while maintaining a stable risk profile. These strategic movements include:
◦Effectively managing cash and liquidity.
◦Redeploying repayments of indirect automobile and residential mortgage loans into higher-yielding commercial loan products. Commercial loans totaled 62.1% of the Bank’s loan portfolio at June 30, 2026 compared to 58.6% at June 30, 2025.
◦The Bank continues to strategically shift its deposit mix toward lower cost core deposit relationships and away from higher priced funding, a favorable transition driven by the ongoing onboarding of Specialty Treasury clients that began during the first quarter of 2026.
•Net interest and dividend income increased for five consecutive quarters to $14.5 million for the three months ended June 30, 2026 compared to $13.9 million for the three months ended March 31, 2026, although net interest margin (NIM) declined after five consecutive quarters of improvement to 3.68% for the three months ended June 30, 2026 compared to 3.83% for the three months ended March 31, 2026. The decline in NIM resulted from a decrease in the yield on earning assets to 5.34% from 5.47%, driven by higher cash balances resulting from deposit growth. At the same time, the cost of funds increased to 1.72% from 1.70% resulting from Specialty Treasury deposit growth of $56.5 million in interest bearing demand and money market deposits.

1
EXHIBIT 99.1

•Noninterest expenses increased $378,000 to $10.4 million for the three months ended June 30, 2026 compared to $10.0 million for the three months ended March 31, 2026. This increase was driven by an increase in data processing due to the implementation of enhanced treasury and commercial banking platforms and an increase in salaries and employee benefits due to higher healthcare benefits.
•Asset quality remains strong as nonperforming loans to total loans was 0.29% at June 30, 2026.
•Book value per share and tangible book value per share (Non-GAAP) was $31.91 and $29.99, respectively at June 30, 2026. The improvements since year-end 2025 resulted from increased equity due to current period net income and stock option exercises, partially offset by the increase in accumulated other comprehensive losses, treasury shares repurchased under the Company’s stock repurchase program and the payment of dividends.
•The Bank remains well-capitalized and is positioned for future growth.
Management Commentary
President and CEO John H. Montgomery commented, “Our team’s disciplined execution and well-grounded strategy came through clearly in our second quarter performance, driving substantive progress towards the Company’s financial goals. Net interest income grew during the quarter, even as net interest margin declined due to elevated cash balances and slightly higher deposit costs. This growth was supported by a $69.5 million increase in organic deposits during the quarter, reflecting the continued strength of our core deposit franchise. Earning asset yields remained resilient, continuing to benefit from the balance sheet restructuring executed in the third quarter last year, which helps insulates the portfolio against rate-related repricing pressure. We remain focused on positioning our balance sheet to protect our financial foundation and support substantial earnings growth over time.
Amid ongoing economic volatility, we continue to prioritize prudent financial discipline, maintain a resilient balance sheet, and consistently adhere to the credit quality standards our shareholders rely on. Total loans increased by $17.5 million, or 1.5%, during the first half of 2026, with increases in commercial real estate and construction loans countering the decreases in consumer and residential real estate loans. Our asset quality continues to be strong, with nonperforming loans representing 0.29% of total loans and the allowance for credit losses covering 308.5% of nonperforming assets at quarter-end. We continue to have strong conviction in the fundamental soundness of our loan portfolio and our capacity to manage risk prudently amid continued expansion.
The second quarter marked a key milestone as our Specialty Treasury Payments & Services program officially reached full operational capacity, a testament to the disciplined execution behind this pillar of our long-term growth strategy. With the platform now fully up and running and the initial customer onboarding behind us, we are already seeing it strengthen our core deposit base and open new avenues for sustainable revenue, with $84.1 million in new deposits since year-end. We remain confident in this program’s ability to enhance the Company’s efficiency, scalability, and earnings power over time. As the bulk of new relationships come fully onto the platform, we are encouraged by the strength of the pipeline and the quality of engagement we are seeing across our customer base.
As part of our broader growth strategy, we are expanding our capabilities in mortgage lending, an effort that deepens customer relationships, diversifies our revenue base, and unlocks cross-selling opportunities across our primary market. Because it’s grounded in our relationship-banking model, this work also reinforces our larger lending and deposit growth goals. Even as we explore new growth opportunities, our dedication to the local customers and communities we serve hasn’t wavered— they remain the cornerstone of our business, and the driving force behind every decision we make.”
Dividend Declaration
The Company’s Board of Directors declared a $0.28 quarterly cash dividend per outstanding share of common stock, payable on or about August 28, 2026, to stockholders of record as of the close of business on August 14, 2026.
2026 Second Quarter Financial Review
Net Interest and Dividend Income
Net interest and dividend income increased $2.0 million, or 15.9%, to $14.5 million for the three months ended June 30, 2026 compared to $12.5 million for the three months ended June 30, 2025.
•Net Interest Margin (NIM) (GAAP) increased to 3.68% for the three months ended June 30, 2026 compared to 3.54% for the three months ended June 30, 2025. Fully tax equivalent (FTE) NIM (Non-GAAP) increased 18 basis points (“bps”) to 3.73% for the three months ended June 30, 2026 compared to 3.55% for the three months ended June 30, 2025.
•Interest and dividend income increased $2.1 million, or 11.4%, to $20.9 million for the three months ended June 30, 2026 compared to $18.8 million for the three months ended June 30, 2025.

2

◦Interest income on loans increased $685,000, or 4.4%, to $16.2 million for the three months ended June 30, 2026 compared to $15.5 million for the three months ended June 30, 2025. The average balance of loans increased $54.6 million to $1.15 billion from $1.10 billion, causing a $768,000 increase in interest income on loans. Partially offsetting this increase, the average yield on loans decreased 3 bps to 5.65% from 5.68% despite a 75 bp reduction in the federal funds target rate since September 2025. While this led to the downward repricing of adjustable rate loans, the impact was mostly negated by a reduction in lower yielding consumer loans due to the discontinuation of the indirect automobile loan product with the redeployment of those funds into higher yielding commercial loan products. The decrease in the average yield caused a $82,000 decrease in interest income on loans.
◦Interest income on investment securities increased $943,000, or 33.0%, to $3.8 million for the three months ended June 30, 2026 compared to $2.9 million for the three months ended June 30, 2025 driven by an 80 bp increase in average yield, coupled with a $41.0 million increase in average balances. The increase in yield was primarily due to the third quarter 2025 implementation of a balance sheet repositioning strategy of the Bank’s portfolio of available-for-sale investment securities in which $129.6 million in book value of lower-yielding investment securities with an average yield of 2.87% were sold for an after-tax realized loss of $9.3 million. Investment securities sold included $121.1 million of mortgage-backed securities and collateralized mortgage obligations issued by the U.S. government-sponsored agencies, $5.0 million of U.S. government agency securities and $3.5 million of municipal securities. The Bank then purchased $117.8 million of higher-yielding mortgage-backed securities/collateralized mortgage obligations issued by U.S government-sponsored agencies, municipal securities, subordinated debt investments and non-agency guaranteed securitizations with an expected tax-equivalent yield of approximately 5.43%. The increase in the average balance resulted from current year purchases.
◦Interest income on interest-earning deposits at other banks increased $514,000 to $845,000 for the three months ended June 30, 2026 compared to $331,000 for the three months ended June 30, 2025 driven by a $66.3 million increase in average balances, partially offset by a 56 bp decrease in the average yield. The increase in the volume was due to deposit growth while the decrease in the yield was related to the Federal Reserve’s reductions in the target federal funds rate.
•Interest expense increased $152,000, or 2.4%, to $6.4 million for the three months ended June 30, 2026 compared to $6.2 million for the three months ended June 30, 2025.
◦Interest expense on deposits increased $219,000, or 3.8%, to $5.9 million for the three months ended June 30, 2026 compared to $5.7 million for the three months ended June 30, 2025. Average interest-bearing deposit balances increased $137.5 million, or 13.7%, to $1.14 billion as of June 30, 2026 compared to $1.01 billion as of June 30, 2025, primarily as the Bank grew core banking relationships and onboarded Specialty Treasury clients. The increase in average balances accounted for a $748,000 increase in interest expense. This was partially offset as the cost of interest-bearing deposits decreased 20 bps to 2.08% for the three months ended June 30, 2026 from 2.28% for the three months ended June 30, 2025 due to the Federal Reserve federal funds target rate decreases since September 2025. The decrease in the cost of interest-bearing deposits accounted for a $529,000 decrease in interest expense.
Provision for Credit Losses
A provision for credit losses of $17,000 was recorded for the three months ended June 30, 2026. The provision for credit losses on loans was $157,000 and was primarily due to loan growth. This was partially offset by a $140,000 reversal of provision for credit losses on unfunded commitments primarily due to a decrease in unfunded commitments. This compared to a provision for credit losses of $8,000 recorded for the three months ended June 30, 2025 as the provision for credit losses on loans was a $136,000 recovery primarily due to a reduction of reserves required for individually assessed loans and changes in loan concentrations, partially offset by additional reserve required for overall loan growth and a change in qualitative factors relating to economic conditions, and the provision for credit losses on unfunded commitments was $144,000 due to an increase in unfunded commitments and an increase in funding rates.
Noninterest Income
Noninterest income increased $41,000, or 4.4%, to $972,000 for the three months ended June 30, 2026, compared to $931,000 for the three months ended June 30, 2025 primarily due to a $23,000 increase in service fees related to corporate deposit and Individual Covered Health Reimbursement Arrangement accounts and a $19,000 increase in net gain on sale of loans.

3

Noninterest Expense
Noninterest expense increased $1.6 million, or 18.8%, to $10.4 million for the three months ended June 30, 2026 compared to $8.7 million for the three months ended June 30, 2025. Salaries and benefits increased $1.0 million primarily due to revenue producing treasury and commercial banking personnel additions, merit increases and higher benefit compensation costs. Data processing expense increased $379,000 due to the implementation of enhanced treasury and commercial banking platforms in late 2025 and early 2026. Pennsylvania shares tax increased $124,000 due to $179,000 of refunds received in 2025 on amended returns filed for prior years. Professional fees increased $81,000 due to the timing of internal audit services and higher legal fees associated with treasury services. Contracted services increased $54,000 due to outsourced information security services.
Statement of Financial Condition Review
Assets
Total assets increased $108.7 million, or 7.0%, to $1.66 billion at June 30, 2026, compared to $1.55 billion at December 31, 2025.
•Cash and due from banks increased $44.4 million, or 140.1%, to $76.1 million at June 30, 2026, compared to $31.7 million at December 31, 2025, driven by deposit growth.
•Securities increased $45.7 million, or 16.3%, to $325.6 million at June 30, 2026, compared to $279.9 million at December 31, 2025. This was primarily due to $84.9 million of security purchases, partially offset by $37.9 million of maturities and principal repayments on amortizing securities and a $1.9 million increase in unrealized losses on the portfolio.
Loans and Credit Quality
•Total loans increased $17.5 million, or 1.5%, to $1.18 billion compared to $1.16 billion, and included increases in commercial real estate and construction loans of $19.6 million and $13.5 million, respectively, partially offset by decreases in consumer and residential real estate loans of $11.8 million and $2.2 million, respectively. The decrease in consumer loans resulted from the continued reduction in indirect automobile loan production since the discontinuation of this product offering as of June 30, 2023. This portfolio is expected to continue to decline as resources are allocated and production efforts are focused on more profitable commercial products. Excluding the $11.1 million decrease in indirect automobile loans, total loans increased $28.5 million, or 2.5%. Loan production totaled $90.8 million while $64.8 million of loans were paid off since December 31, 2025.
•Nonperforming loans, which include nonaccrual loans and accruing loans past due 90 days or more, were $3.4 million at June 30, 2026 and $5.3 million at December 31, 2025. Nonperforming loans to total loans ratio was 0.29% at June 30, 2026 and 0.46% at December 31, 2025. The decrease in nonperforming loans was due to the full repayment of a $2.0 million commercial real estate loan which was placed on nonaccrual status in the fourth quarter of 2025.
•The allowance for credit losses (ACL) was $10.5 million at June 30, 2026 and $10.1 million at December 31, 2025. As a result, the ACL to total loans was 0.89% at June 30, 2026 and 0.87% at December 31, 2025. During the current year, the Company recorded a net provision for credit losses of $259,000. The ACL to nonperforming assets was 308.5% at June 30, 2026 and 190.5% at December 31, 2025.
•Net charge-offs for the three months ended June 30, 2026 were $9,000, compared to net recoveries for the three months ended June 30, 2025 of $39,000, or 0.01% of average loans on an annualized basis. Net charge-offs for the six months ended June 30, 2026 were $50,000, or 0.01% of average loans on an annualized basis, compared to net charge-offs for the six months ended June 30, 2025 of $15,000.
Liabilities
Total liabilities increased $104.2 million, or 7.5%, to $1.49 billion at June 30, 2026 compared to $1.39 billion at December 31, 2025.
Deposits
•Organic deposits increased $105.1 million, or 8.5%, to $1.35 billion as of June 30, 2026 compared to $1.24 billion at December 31, 2025. Interest-bearing demand and money market deposits increased $103.1 million and $11.6 million, respectively, while noninterest deposits and time deposits decreased $5.1 million and $4.1 million, respectively. This growth has occurred as the Bank began onboarding Specialty Treasury clients during the first quarter of 2026. The Bank continues to focus on building core banking relationships while seeking opportunities to strategically reduce higher priced funding.
•Brokered deposits decreased $64.9 million, or 65.9%, to $33.6 million as of June 30, 2026 compared to $98.5 million at December 31, 2025, as the Bank elected to utilize lower cost FHLB borrowings instead. The remaining brokered deposits mature within three months and were utilized primarily to fund the purchase of floating rate CLO securities. At June 30, 2026, FDIC insured deposits totaled approximately 55.1% of total deposits while an additional 19.7% of total deposits were collateralized with investment securities.
4

Borrowed Funds
•Short-term borrowings increased $65.0 million to $65.0 million as of June 30, 2026 as the Bank replaced maturing brokered deposits with lower cost FHLB borrowings.
Stockholders’ Equity
Stockholders’ equity increased $4.6 million, or 2.9%, to $162.1 million at June 30, 2026, compared to $157.5 million at December 31, 2025. The key factors positively impacting stockholders’ equity were $8.2 million of net income for the current year and $551,000 of shares issued as a result of stock option exercises, partially offset by a $1.5 million increase in accumulated other comprehensive loss resulting from market interest rate changes, the payment of $2.8 million in dividends and $306,000 of treasury shares purchased under the stock repurchase program since December 31, 2025.
Book value per share
Book value per common share was $31.91 at June 30, 2026 compared to $31.28 at December 31, 2025, an increase of $0.63.
Tangible book value per common share (Non-GAAP) was $29.99 at June 30, 2026, compared to $29.35 at December 31, 2025, an increase of $0.64.
Refer to “Explanation of Use of Non-GAAP Financial Measures” at the end of this Press Release.
About CB Financial Services, Inc.
CB Financial Services, Inc. is the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank. Community Bank operates its branch network in southwestern Pennsylvania and West Virginia. Community Bank offers a broad array of retail and commercial lending and deposit services.
For more information about CB Financial Services, Inc. and Community Bank, visit our website at www.cb.bank.
Statement About Forward-Looking Statements
Statements contained in this press release 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 are subject to significant risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Act. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations and future prospects of the Company and its subsidiaries include, but are not limited to, general and local economic conditions, changes in market interest rates, deposit flows, demand for loans, real estate values and competition, competitive products and pricing, the ability of our customers to make scheduled loan payments, loan delinquency rates and trends, our ability to manage the risks involved in our business, our ability to control costs and expenses, inflation, market and monetary fluctuations, changes in federal and state legislation and regulation applicable to our business, actions by our competitors, and other factors that may be disclosed in the Company’s periodic reports as filed with the Securities and Exchange Commission. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company assumes no obligation to update any forward-looking statements except as may be required by applicable law or regulation.

Company Contact:
John H. Montgomery
President and Chief Executive Officer
Phone: (724) 223-8317

5

CB FINANCIAL SERVICES, INC.
SELECTED CONSOLIDATED FINANCIAL INFORMATION
(Dollars in thousands, except share and per share data) (Unaudited)
Selected Financial Condition Data 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25
Assets
Cash and Due From Banks $ 76,090  $ 55,549  $ 31,693  $ 55,890  $ 64,506 
Securities 325,554  295,452  279,895  272,559  267,171 
Loans Held for Sale —  —  —  107  512 
Loans  
Real Estate:  
Residential 327,003  330,761  329,237  333,430  329,324 
Commercial 571,760  550,029  552,180  539,395  513,197 
Construction 58,930  51,394  45,419  38,905  40,680 
Commercial and Industrial 160,399  157,694  161,081  143,919  138,221 
Consumer 31,108  36,720  42,876  49,581  57,376 
Other 30,521  31,239  31,467  38,156  32,026 
Total Loans 1,179,721  1,157,837  1,162,260  1,143,386  1,110,824 
Allowance for Credit Losses (10,451) (10,303) (10,116) (10,146) (9,722)
Loans, Net 1,169,270  1,147,534  1,152,144  1,133,240  1,101,102 
Premises and Equipment, Net 19,069  19,428  19,646  19,896  20,223 
Bank-Owned Life Insurance 25,127  24,964  24,812  24,660  24,506 
Goodwill 9,732  9,732  9,732  9,732  9,732 
Accrued Interest Receivable and Other Assets 31,578  30,633  29,771  29,430  30,232 
Total Assets $ 1,656,420  $ 1,583,292  $ 1,547,693  $ 1,545,514  $ 1,517,984 
Liabilities
Deposits
Noninterest-Bearing Demand Accounts $ 286,623  $ 301,053  $ 291,745  $ 291,882  $ 278,685 
Interest-Bearing Demand Accounts 460,197  384,599  357,134  365,976  353,448 
Money Market Accounts 220,812  209,258  209,166  206,166  225,141 
Savings Accounts 168,948  172,172  169,307  169,005  172,021 
Time Deposits 209,847  209,855  213,953  202,891  201,136 
Total Organic Deposits 1,346,427  1,276,937  1,241,305  1,235,920  1,230,431 
Brokered Deposits 33,633  98,500  98,500  98,500  79,001 
Total Deposits 1,380,060  1,375,437  1,339,805  1,334,420  1,309,432 
Short-Term Borrowings 65,000  —  —  —  — 
Other Borrowings 34,778  34,768  34,758  34,748  34,738 
Accrued Interest Payable and Other Liabilities 14,485  14,336  15,593  23,881  25,452 
Total Liabilities 1,494,323  1,424,541  1,390,156  1,393,049  1,369,622 
Stockholders’ Equity 162,097  158,751  157,537  152,465  148,362 
Total Liabilities and Stockholders’ Equity $ 1,656,420  $ 1,583,292  $ 1,547,693  $ 1,545,514  $ 1,517,984 
6

(Dollars in thousands, except share and per share data) (Unaudited)
  Three Months Ended Six Months Ended
Selected Operating Data 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 6/30/26 6/30/25
Interest and Dividend Income:
Loans, Including Fees $ 16,177  $ 15,957  $ 16,077  $ 15,973  $ 15,492  $ 32,134  $ 30,020 
Securities:
Taxable 3,351  2,999  3,035  2,848  2,860  6,351  5,637 
Tax-Exempt 452  416  415  146  —  868  — 
Dividends 7  7  7  7  9  14  37 
Other Interest and Dividend Income 919  272  458  367  399  1,192  912 
Total Interest and Dividend Income 20,906  19,651  19,992  19,341  18,760  40,559  36,606 
Interest Expense:
Deposits 5,940  5,232  5,802  5,810  5,721  11,172  11,833 
Short-Term Borrowings 70  188  —  68  108  258  131 
Other Borrowings 362  359  364  364  391  721  792 
Total Interest Expense 6,372  5,779  6,166  6,242  6,220  12,151  12,756 
Net Interest and Dividend Income 14,534  13,872  13,826  13,099  12,540  28,408  23,850 
Provision (Recovery) for Credit Losses - Loans 157  228  265  336  (136) 385  (68)
(Recovery) Provision for Credit Losses - Unfunded Commitments (140) 13  97  (77) 144  (126) 36 
Net Interest and Dividend Income After Net Provision (Recovery) for Credit Losses 14,517  13,631  13,464  12,840  12,532  28,149  23,882 
Noninterest Income:
Service Fees 582  554  585  574  559  1,136  1,021 
Insurance Commissions 1  1  1  1  1  2  2 
Other Commissions 74  75  60  63  66  150  129 
Net Gain on Sale of Loans 45  11  6  50  26  56  49 
Net (Loss) Gain on Securities (18) 8  14  (11,752) —  (10) (69)
Net Gain on Purchased Tax Credits 10  10  4  4  4  21  7 
Net Gain on Disposal of Premises and Equipment —  —  40  —  —  —  — 
Income from Bank-Owned Life Insurance 163  152  152  154  148  315  297 
Other Income 115  151  867  229  127  266  282 
Total Noninterest Income (Loss) 972  962  1,729  (10,677) 931  1,936  1,718 
Noninterest Expense:
Salaries and Employee Benefits 6,120  5,997  5,842  5,247  5,088  12,117  11,124 
Occupancy 615  656  573  574  616  1,271  1,366 
Equipment 364  349  382  367  372  713  702 
Data Processing 1,140  942  790  708  761  2,081  1,558 
Federal Deposit Insurance Corporation Assessment 176  173  171  173  203  349  379 
Pennsylvania Shares Tax 267  286  242  306  143  554  400 
Contracted Services 436  405  481  371  382  841  692 
Legal and Professional Fees 198  221  234  411  117  420  378 
Advertising 115  142  192  132  124  258  242 
Other Real Estate Owned
 —  —  55  8  1  —  2 
Other Expense 959  841  961  886  941  1,801  1,706 
Total Noninterest Expense 10,390  10,012  9,923  9,183  8,748  20,405  18,549 
Income (Loss) Before Income Tax Expense 5,099  4,581  5,270  (7,020) 4,715  9,680  7,051 
Income Tax Expense (Benefit) 798  714  528  (1,324) 766  1,512  1,193 
Net Income (Loss) $ 4,301  $ 3,867  $ 4,742  $ (5,696) $ 3,949  $ 8,168  $ 5,858 
7

Three Months Ended Six Months Ended
Per Common Share Data 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 6/30/26 6/30/25
Dividends Per Common Share $ 0.28  $ 0.28  $ 0.26  $ 0.26  $ 0.25  $ 0.56  $ 0.50 
Earnings (Loss) Per Common Share - Basic 0.85  0.77  0.95  (1.14) 0.79  1.61  1.15 
Earnings (Loss) Per Common Share - Diluted 0.80  0.73  0.89  (1.07) 0.74  1.54  1.09 
Weighted Average Common Shares Outstanding - Basic 5,073,474  5,053,586  5,015,025  4,985,188  5,022,813  5,063,585  5,073,911 
Weighted Average Common Shares Outstanding - Diluted 5,353,959  5,318,874  5,304,685  5,319,594  5,332,026  5,319,645  5,387,924 
6/30/26 3/31/26 12/31/25 9/30/25 6/30/25
Common Shares Outstanding 5,080,438  5,072,183  5,036,509  4,998,383  4,972,300 
Book Value Per Common Share $ 31.91  $ 31.30  $ 31.28  $ 30.50  $ 29.84 
Tangible Book Value per Common Share (1)
29.99  29.38  29.35  28.56  27.88 
Stockholders’ Equity to Assets 9.8  % 10.0  % 10.2  % 9.9  % 9.8  %
Tangible Common Equity to Tangible Assets (1)
9.3  9.5  9.6  9.3  9.2 
Three Months Ended Six Months Ended
Selected Financial Ratios (2)
6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 6/30/26 6/30/25
Return on Average Assets 1.04  % 1.01  % 1.22  % (1.50) % 1.06  % 1.02  % 0.80  %
Return on Average Equity 10.77  9.84  12.14  (15.15) 10.76  10.31  8.01 
Average Interest-Earning Assets to Average Interest-Bearing Liabilities 133.48  133.68  134.05  134.42  135.33  133.58  135.02 
Average Equity to Average Assets 9.64  10.24  10.02  9.93  9.88  9.93  9.97 
Net Interest Rate Spread 3.14  3.29  3.18  3.05  2.91  3.22  2.76 
Net Interest Rate Spread (FTE) (1)
3.18  3.34  3.23  3.08  2.93  3.27  2.78 
Net Interest Margin 3.68  3.83  3.76  3.64  3.54  3.75  3.40 
Net Interest Margin (FTE) (1)
3.73  3.88  3.80  3.67  3.55  3.80  3.42 
Net Charge-Offs (Recoveries) to Average Loans
 —  0.01  0.10  (0.03) (0.01) 0.01  — 
Efficiency Ratio 67.01  67.49  63.79  379.15  64.94  67.25  72.55 
Asset Quality Ratios 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25
Allowance for Credit Losses to Total Loans 0.89  % 0.89  % 0.87  % 0.89  % 0.88  %
Allowance for Credit Losses to Nonperforming Loans (3)
308.47  309.49  190.51  464.99  550.20 
Delinquent and Nonaccrual Loans to Total Loans (4)
0.69  0.54  0.86  0.59  0.49 
Nonperforming Loans to Total Loans (3)
0.29  0.29  0.46  0.19  0.16 
Nonperforming Assets to Total Assets (5)
0.20  0.21  0.34  0.15  0.13 
Capital Ratios (6)
6/30/26 3/31/26 12/31/25 9/30/25 6/30/25
Common Equity Tier 1 Capital (to Risk Weighted Assets) 14.22  % 14.70  % 13.92  % 14.19  % 15.28  %
Tier 1 Capital (to Risk Weighted Assets) 14.22  14.70  13.92  14.19  15.28 
Total Capital (to Risk Weighted Assets) 15.18  15.71  14.89  15.20  16.29 
Tier 1 Leverage (to Adjusted Total Assets) 9.94  10.34  10.15  10.06  10.49 
(1)    Refer to Explanation of Use of Non-GAAP Financial Measures in this Press Release for the calculation of the measure and reconciliation to the most comparable GAAP measure.
(2)    Interim period ratios are calculated on an annualized basis.
(3)    Nonperforming loans consist of all nonaccrual loans and accruing loans that are 90 days or more past due.
(4)    Delinquent loans consist of accruing loans that are 30 days or more past due.
(5)    Nonperforming assets consist of nonperforming loans and other real estate owned.
(6)    Capital ratios are for Community Bank only.
Certain items previously reported may have been reclassified to conform with the current reporting period’s format. 
8

AVERAGE BALANCES AND YIELDS
  Three Months Ended
  June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025
Average Balance Interest and Dividends
Yield / Cost (1)
Average Balance Interest and Dividends
Yield / Cost (1)
Average Balance Interest and Dividends
Yield / Cost (1)
Average Balance Interest and Dividends
Yield / Cost (1)
Average Balance Interest and Dividends
Yield / Cost (1)
(Dollars in thousands) (Unaudited)
Assets:
Interest-Earning Assets:
Loans, Net (2)
$ 1,153,305  $ 16,235  5.65  % $ 1,151,941  $ 16,023  5.64  % $ 1,138,734  $ 16,145  5.62  % $ 1,120,036  $ 16,034  5.68  % $ 1,098,698  $ 15,549  5.68  %
Debt Securities
Taxable 287,012  3,351  4.67  249,917  2,999  4.80  241,449  3,035  5.03  259,196  2,848  4.40  284,499  2,860  4.02 
Tax-Exempt 38,526  572  5.94  35,218  527  5.99  35,243  525  5.96  12,461  185  5.94  —  —  — 
Equity Securities 1,000  7  2.80  1,000  7  2.80  1,000  7  2.80  1,000  7  2.80  1,000  9  3.60 
Interest-Earning Deposits at Banks 99,855  845  3.38  27,236  200  2.94  41,222  384  3.73  29,682  293  3.95  33,564  331  3.94 
Other Interest-Earning Assets 3,278  74  9.05  3,874  72  7.54  2,998  74  9.79  3,972  74  7.39  3,767  68  7.24 
Total Interest-Earning Assets 1,582,976  21,084  5.34  1,469,186  19,828  5.47  1,460,646  20,170  5.48  1,426,347  19,441  5.41  1,421,528  18,817  5.31 
Noninterest-Earning Assets 78,718  87,352  85,605  75,480  67,513 
Total Assets $ 1,661,694  $ 1,556,538  $ 1,546,251  $ 1,501,827  $ 1,489,041 
Liabilities and Stockholders' Equity:
Interest-Bearing Liabilities:
Interest-Bearing Demand Accounts $ 458,395  $ 2,328  2.04  % $ 365,729  $ 1,642  1.82  % $ 367,382  $ 1,850  2.00  % $ 350,232  $ 1,835  2.08  % $ 334,752  $ 1,677  2.01  %
Money Market Accounts 221,065  1,200  2.18  209,181  1,104  2.14  212,212  1,232  2.30  211,660  1,401  2.63  238,195  1,747  2.94 
Savings Accounts 170,276  51  0.12  169,568  40  0.10  168,853  45  0.11  171,188  43  0.10  174,055  42  0.10 
Time Deposits 210,258  1,566  2.99  213,645  1,604  3.04  207,895  1,653  3.15  201,651  1,587  3.12  209,516  1,710  3.27 
Total Organic Interest-Bearing Deposits 1,059,994  5,145  1.95  958,123  4,390  1.86  956,342  4,780  1.98  934,731  4,866  2.07  956,518  5,176  2.17 
Brokered Deposits 84,053  795  3.79  87,136  842  3.92  98,500  1,022  4.12  85,995  944  4.36  49,990  545  4.37 
Total Interest-Bearing Deposits 1,144,047  5,940  2.08  1,045,259  5,232  2.03  1,054,842  5,802  2.18  1,020,726  5,810  2.26  1,006,508  5,721  2.28 
Short-Term Borrowings 7,089  70  3.96  18,990  188  4.01  16  —  4.71  5,655  68  4.77  9,143  108  4.74 
Other Borrowings 34,774  362  4.18  34,764  359  4.19  34,754  364  4.16  34,743  364  4.16  34,733  391  4.52 
Total Interest-Bearing Liabilities 1,185,910  6,372  2.16  1,099,013  5,779  2.13  1,089,612  6,166  2.25  1,061,124  6,242  2.33  1,050,384  6,220  2.38 
Noninterest-Bearing Demand Deposits 301,859  283,546  285,269  271,462  270,729 
Total Funding and Cost of Funds
 1,487,769  1.72  1,382,559  1.70  1,374,881  1.78  1,332,586  1.86  1,321,113  1.89 
Other Liabilities 13,686  14,564  16,367  20,120  20,789 
Total Liabilities 1,501,455  1,397,123  1,391,248  1,352,706  1,341,902 
Stockholders' Equity 160,239  159,415  155,003  149,121  147,139 
Total Liabilities and Stockholders' Equity $ 1,661,694  $ 1,556,538  $ 1,546,251  $ 1,501,827  $ 1,489,041 
Net Interest Income (FTE)
(Non-GAAP) (3)
$ 14,712  $ 14,049  $ 14,004  $ 13,199  $ 12,597 
Net Interest-Earning Assets (4)
397,066  370,173  371,034  365,223  371,144 
Net Interest Rate Spread (FTE)
(Non-GAAP) (3) (5)
3.18  % 3.34  % 3.23  % 3.08  % 2.93  %
Net Interest Margin (FTE)
(Non-GAAP) (3)(6)
3.73  3.88  3.80  3.67  3.55 
(1)    Annualized based on three months ended results.
(2)    Net of the allowance for credit losses and includes nonaccrual loans with a zero yield and Loans Held for Sale if applicable.
(3)    Refer to Explanation and Use of Non-GAAP Financial Measures in this Press Release for the calculation of the measure and reconciliation to the most comparable GAAP measure.
(4)    Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.
(5)    Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average cost of interest-bearing liabilities.
(6)    Net interest margin represents annualized net interest income divided by average total interest-earning assets.
9

AVERAGE BALANCES AND YIELDS
Six Months Ended
June 30, 2026 June 30, 2025
Average Balance Interest and Dividends Yield /Cost Average Balance Interest and Dividends Yield / Cost
(Dollars in thousands) (Unaudited)
Assets:
Interest-Earning Assets:
Loans, Net (1)
$ 1,152,627  $ 32,259  5.64  % $ 1,086,955  $ 30,132  5.59  %
Debt Securities
Taxable 268,567  6,351  4.73  281,447  5,637  4.01 
Exempt From Federal Tax 36,881  1,099  5.96  —  —  — 
Marketable Equity Securities 1,000  14  2.80  1,832  37  4.04 
Interest-Earning Deposits at Banks 63,746  1,046  3.28  39,278  789  4.02 
Other Interest-Earning Assets 3,574  146  8.24  3,484  123  7.12 
Total Interest-Earning Assets 1,526,395  40,915  5.41  1,412,996  36,718  5.24 
Noninterest-Earning Assets 83,011  65,758 
Total Assets $ 1,609,406  $ 1,478,754 
Liabilities and Stockholders' Equity:
Interest-Bearing Liabilities:
Interest-Bearing Demand Accounts $ 412,318  $ 3,970  1.94  % $ 326,322  $ 3,203  1.98  %
Savings Accounts 169,924  91  0.11  173,193  83  0.10 
Money Market Accounts 215,155  2,304  2.16  234,436  3,473  2.99 
Time Deposits 211,942  3,171  3.02  228,651  4,127  3.64 
Total Organic Interest-Bearing Deposits 1,009,339  9,536  1.91  962,602  10,886  2.28 
Brokered Deposits 85,586  1,636  3.85  43,578  947  4.38 
Total Interest-Bearing Deposits 1,094,925  11,172  2.06  1,006,180  11,833  2.37 
Short-Term Borrowings 13,008  258  4.00  5,584  131  4.73 
Other Borrowings 34,769  721  4.18  34,728  792  4.60 
Total Interest-Bearing Liabilities 1,142,702  12,151  2.14  1,046,492  12,756  2.46 
Noninterest-Bearing Demand Deposits 292,753  268,140 
Total Funding and Cost of Funds
 1,435,455  1.71  1,314,632  1.96 
Other Liabilities 14,121  16,673 
Total Liabilities 1,449,576  1,331,305 
Stockholders' Equity 159,830  147,449 
Total Liabilities and Stockholders' Equity $ 1,609,406  $ 1,478,754 
Net Interest Income (FTE) (Non-GAAP) (2)
28,764  23,962 
Net Interest-Earning Assets (3)
383,693  366,504 
Net Interest Rate Spread (FTE) (Non-GAAP) (2)(4)
3.27  % 2.78  %
Net Interest Margin (FTE) (Non-GAAP) (2)(5)
3.80  3.42 
(1)    Annualized based on six months ended results.
(2)    Net of the allowance for credit losses and includes nonaccrual loans with a zero yield and Loans Held for Sale if applicable.
(3)    Refer to Explanation and Use of Non-GAAP Financial Measures in this Press Release for the calculation of the measure and reconciliation to the most comparable GAAP measure.
(4)    Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.
(5)    Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average cost of interest-bearing liabilities.
(6)    Net interest margin represents annualized net interest income divided by average total interest-earning assets.


10

Explanation of Use of Non-GAAP Financial Measures
In addition to financial measures presented in accordance with generally accepted accounting principles (“GAAP”), we use, and this Press Release contains or references, certain Non-GAAP financial measures. We believe these Non-GAAP financial measures provide useful information in understanding our underlying results of operations or financial position and our business and performance trends as they facilitate comparisons with the performance of other companies in the financial services industry. Non-GAAP adjusted items impacting the Company's financial performance are identified to assist investors in providing a complete understanding of factors and trends affecting the Company’s business and in analyzing the Company’s operating results on the same basis as that applied by management. Although we believe that these Non-GAAP financial measures enhance the understanding of our business and performance, they should not be considered an alternative to GAAP or considered to be more important than financial results determined in accordance with GAAP, nor are they necessarily comparable with similar Non-GAAP measures which may be presented by other companies. Where Non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found herein.

6/30/26 3/31/26 12/31/25 9/30/25 6/30/25
(Dollars in thousands, except share and per share data) (Unaudited)
Total Assets (GAAP)
 $ 1,656,420  $ 1,583,292  $ 1,547,693  $ 1,545,514  $ 1,517,984 
Goodwill and Intangible Assets, Net (9,732) (9,732) (9,732) (9,732) (9,732)
Tangible Assets (Non-GAAP) (Numerator) $ 1,646,688  $ 1,573,560  $ 1,537,961  $ 1,535,782  $ 1,508,252 
Stockholders' Equity (GAAP) $ 162,097  $ 158,751  $ 157,537  $ 152,465  $ 148,362 
Goodwill and Intangible Assets, Net (9,732) (9,732) (9,732) (9,732) (9,732)
Tangible Common Equity or Tangible Book Value (Non-GAAP) (Denominator) $ 152,365  $ 149,019  $ 147,805  $ 142,733  $ 138,630 
Stockholders’ Equity to Assets (GAAP) 9.8  % 10.0  % 10.2  % 9.9  % 9.8  %
Tangible Common Equity to Tangible Assets (Non-GAAP) 9.3  % 9.5  % 9.6  % 9.3  % 9.2  %
Common Shares Outstanding (Denominator) 5,080,438  5,072,183  5,036,509  4,998,383  4,972,300 
Book Value per Common Share (GAAP) $ 31.91  $ 31.30  $ 31.28  $ 30.50  $ 29.84 
Tangible Book Value per Common Share (Non-GAAP) $ 29.99  $ 29.38  $ 29.35  $ 28.56  $ 27.88 

Three Months Ended Six Months Ended
6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 6/30/26 6/30/25
(Dollars in thousands) (Unaudited)
Net Income (Loss) (GAAP) $ 4,301  $ 3,867  $ 4,742  $ (5,696) $ 3,949  $ 8,168  $ 5,858 
Annualization Factor 4.01  4.06  3.97  3.97  4.01  2.02  2.02 
Average Stockholders' Equity (GAAP) $ 160,239  $ 159,415  $ 155,003  $ 149,121  $ 147,139  $ 159,830  $ 147,449 
Average Goodwill and Intangible Assets, Net (9,732) (9,732) (9,732) (9,732) (9,732) (9,732) (9,732)
Average Tangible Common Equity (Non-GAAP) (Denominator) $ 150,507  $ 149,683  $ 145,271  $ 139,389  $ 137,407  $ 150,098  $ 137,717 
Return on Average Equity (GAAP) 10.77  % 9.84  % 12.14  % (15.15) % 10.76  % 10.31  % 8.01  %
Return on Average Tangible Common Equity (Non-GAAP) 11.46  % 10.48  % 12.95  % (16.21) % 11.53  % 10.97  % 8.58  %
11

Three Months Ended Six Months Ended
6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 6/30/26 6/30/25
(Dollars in thousands) (Unaudited)
Interest Income (GAAP) $ 20,906  $ 19,651  $ 19,992  $ 19,341  $ 18,760  $ 40,559  $ 36,606 
Adjustment to FTE Basis 178  177  178  100  57  356  112 
Interest Income (FTE) (Non-GAAP) 21,084  19,828  20,170  19,441  18,817  40,915  36,718 
Interest Expense (GAAP) 6,372  5,779  6,166  6,242  6,220  12,151  12,756 
Net Interest Income (FTE) (Non-GAAP) $ 14,712  $ 14,049  $ 14,004  $ 13,199  $ 12,597  $ 28,764  $ 23,962 
Net Interest Rate Spread (GAAP) 3.14  % 3.29  % 3.18  % 3.05  % 2.91  % 3.22  % 2.76  %
Adjustment to FTE Basis 0.04  0.05  0.05  0.03  0.02  0.05  0.02 
Net Interest Rate Spread (FTE) (Non-GAAP) 3.18  % 3.34  % 3.23  % 3.08  % 2.93  % 3.27  % 2.78  %
Net Interest Margin (GAAP) 3.68  % 3.83  % 3.76  % 3.64  % 3.54  % 3.75  % 3.40  %
Adjustment to FTE Basis 0.05  0.05  0.04  0.03  0.01  0.05  0.02 
Net Interest Margin (FTE) (Non-GAAP) 3.73  % 3.88  % 3.80  % 3.67  % 3.55  % 3.80  % 3.42  %

Three Months Ended Six Months Ended
6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 6/30/26 6/30/25
(Dollars in thousands) (Unaudited)
Income (Loss) Before Income Tax Expense (GAAP) $ 5,099  $ 4,581  $ 5,270  $ (7,020) $ 4,715  $ 9,680  $ 7,051 
Net Provision (Recovery) for Credit Losses 17  241  362  259  8  259  (32)
PPNR (Non-GAAP)
 5,116  4,822  5,632  (6,761) 4,723  9,939  7,019 
Adjustments
Net (Gain) Loss on Securities 18  (8) (14) 11,752  —  10  69 
Net Gain on Disposal of Premises and Equipment —  —  (40) —  —  —  — 
Earn-out Payment Related to the Sale of EU —  (8) (711) —  —  (8) (49)
Reduction in Force Expenses —  —  —  —  1,003 
Adjusted PPNR (Non-GAAP) (Numerator) $ 5,134  $ 4,806  $ 4,867  $ 4,991  $ 4,723  $ 9,941  $ 8,042 
Annualization Factor 4.01  4.06  3.97  3.97  4.01  2.02  2.02 
Average Assets (Denominator) $ 1,661,694  $ 1,556,538  $ 1,546,251  $ 1,501,827  $ 1,489,041  $ 1,609,406  $ 1,478,754 
Adjusted PPNR Return on Average Assets (Non-GAAP) 1.24  % 1.25  % 1.25  % 1.32  % 1.27  % 1.25  % 1.10  %
12

Three Months Ended Six Months Ended
6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 6/30/26 6/30/25
(Dollars in thousands, except share and per share data) (Unaudited)
Net Income (Loss) (GAAP)
 $ 4,301  $ 3,867  $ 4,742  $ (5,696) $ 3,949  $ 8,168  $ 5,858 
Adjustments
Net (Gain) Loss on Securities 18  (8) (14) 11,752  —  10  69 
Net Gain on Disposal of Premises and Equipment —  —  (40) —  —  —  — 
Earn-out Payment Related to the Sale of EU —  (8) (711) —  —  (8) (49)
Reduction in Force Expenses —  —  —  —  1,003 
Tax effect (4) 3  (178) (2,129) —  (1) (215)
Adjusted Net Income (Non-GAAP) $ 4,315  $ 3,854  $ 3,799  $ 3,927  $ 3,949  $ 8,169  $ 6,666 
Weighted-Average Diluted Common Shares and Common Stock Equivalents Outstanding 5,353,959  5,318,874  5,304,685  5,319,594  5,332,026  5,319,645  5,387,924 
Earnings (Loss) per Common Share - Diluted (GAAP) $ 0.80  $ 0.73  $ 0.89  $ (1.07) $ 0.74  $ 1.54  $ 1.09 
Adjusted Earnings per Common Share - Diluted (Non-GAAP) $ 0.81  $ 0.72  $ 0.72  $ 0.74  $ 0.74  $ 1.54  $ 1.24 
Net Income (Loss) (GAAP) (Numerator) $ 4,301  $ 3,867  $ 4,742  $ (5,696) $ 3,949  $ 8,168  $ 5,858 
Annualization Factor 4.01  4.06  3.97  3.97  4.01  2.02  2.02 
Average Assets (Denominator) 1,661,694  1,556,538  1,546,251  1,501,827  1,489,041  1,609,406  1,478,754 
Return on Average Assets (GAAP) 1.04  % 1.01  % 1.22  % (1.50) % 1.06  % 1.02  % 0.80  %
Adjusted Net Income (Non-GAAP) (Numerator) $ 4,315  $ 3,854  $ 3,799  $ 3,927  $ 3,949  $ 8,169  $ 6,666 
Annualization Factor 4.01  4.06  3.97  3.97  4.01  2.02  2.02 
Average Assets (Denominator) 1,661,694  1,556,538  1,546,251  1,501,827  1,489,041  1,609,406  1,478,754 
Adjusted Return on Average Assets (Non-GAAP) 1.04  % 1.00  % 0.97  % 1.04  % 1.06  % 1.02  % 0.91  %
Three Months Ended Six Months Ended
6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 6/30/26 6/30/25
(Dollars in thousands) (Unaudited)
Net Income (Loss) (GAAP) (Numerator)
 $ 4,301  $ 3,867  $ 4,742  $ (5,696) $ 3,949  $ 8,168  $ 5,858 
Annualization Factor 4.01  4.06  3.97  3.97  4.01  2.02  2.02 
Average Equity (GAAP) (Denominator) 160,239  159,415  155,003  149,121  147,139  159,830  147,449 
Return on Average Equity (GAAP) 10.77  % 9.84  % 12.14  % (15.15) % 10.76  % 10.31  % 8.01  %
Adjusted Net Income (Non-GAAP) (Numerator) $ 4,315  $ 3,854  $ 3,799  $ 3,927  $ 3,949  $ 8,169  $ 6,666 
Annualization Factor 4.01  4.06  3.97  3.97  4.01  2.02  2.02 
Average Equity (GAAP) (Denominator) 160,239  159,415  155,003  149,121  147,139  159,830  147,449 
Adjusted Return on Average Equity (Non-GAAP) 10.80  % 9.80  % 9.72  % 10.45  % 10.76  % 10.31  % 9.12  %
13


Three Months Ended Six Months Ended
6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 6/30/26 6/30/25
(Dollars in thousands) (Unaudited)
Noninterest Expense (GAAP) (Numerator) $ 10,390  $ 10,012  $ 9,923  $ 9,183  $ 8,748  $ 20,405  $ 18,549 
Net Interest and Dividend Income (GAAP) $ 14,534  $ 13,872  $ 13,826  $ 13,099  $ 12,540  $ 28,408  $ 23,850 
Noninterest Income (Loss) (GAAP) 972  962  1,729  (10,677) 931  1,936  1,718 
Operating Revenue (GAAP) (Denominator) $ 15,506  $ 14,834  $ 15,555  $ 2,422  $ 13,471  $ 30,344  $ 25,568 
Efficiency Ratio (GAAP) 67.01  % 67.49  % 63.79  % 379.15  % 64.94  % 67.25  % 72.55  %
Noninterest Expense (GAAP) $ 10,390  $ 10,012  $ 9,923  $ 9,183  $ 8,748  $ 20,405  $ 18,549 
Adjustments:
Reduction in Force Expenses —  —  —  —  —  —  (1,003)
Adjusted Noninterest Expense (Non-GAAP) (Numerator) $ 10,390  $ 10,012  $ 9,923  $ 9,183  $ 8,748  $ 20,405  $ 17,546 
Net Interest and Dividend Income (GAAP) $ 14,534  $ 13,872  $ 13,826  $ 13,099  $ 12,540  $ 28,408  $ 23,850 
Noninterest Income (Loss) (GAAP) 972  962  1,729  (10,677) 931  1,936  1,718 
Adjustments:
Net (Gain) Loss on Securities 18  (8) (14) 11,752  —  10  69 
Net Gain on Disposal of Premises and Equipment —  —  (40) —  —  —  — 
Earn-out Payment Related to the Sale of EU —  (8) (711) —  —  (8) (49)
Adjusted Noninterest Income (Non-GAAP) $ 990  $ 946  $ 964  $ 1,075  $ 931  $ 1,938  $ 1,738 
Adjusted Operating Revenue (Non-GAAP) (Denominator) $ 15,524  $ 14,818  $ 14,790  $ 14,174  $ 13,471  $ 30,346  $ 25,588 
Adjusted Efficiency Ratio (Non-GAAP) 66.93  % 67.56  % 67.09  % 64.79  % 64.94  % 67.24  % 68.57  %
14
EX-99.2 3 a20260630cbfvinvestorpre.htm EX-99.2 JULY INVESTOR PRESENTATION a20260630cbfvinvestorpre

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 2 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 are subject to significant risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Act. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain.  Factors which could have a material adverse effect on the operations and future prospects of the Company and its subsidiaries include, but are not limited to, general and local economic conditions, changes in market interest rates, deposit flows, demand for loans, real estate values and competition, competitive products and pricing, the ability of our clients to make scheduled loan payments, loan delinquency rates and trends, our ability to manage the risks involved in our business, our ability to control costs and expenses, inflation, market and monetary fluctuations, changes in federal and state legislation and regulation applicable to our business, actions by our competitors, and other factors that may be disclosed in the Company’s periodic reports as filed with the Securities and Exchange Commission. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company assumes no obligation to update any forward-looking statements except as may be required by applicable law or regulation. Explanation of Use of Non-GAAP Financial Measures In addition to financial measures presented in accordance with generally accepted accounting principles (“GAAP”), we use, and this investor presentation may contain or reference, certain non-GAAP financial measures. We believe these non-GAAP financial measures provide useful information in understanding our underlying results of operations or financial position and our business and performance trends as they facilitate comparisons with the performance of other companies in the financial services industry. Non-GAAP adjusted items impacting the Company's financial performance are identified to assist investors in providing a complete understanding of factors and trends affecting the Company’s business and in analyzing the Company’s operating results on the same basis as that applied by management. Although we believe that these non-GAAP financial measures enhance the understanding of our business and performance, they should not be considered an alternative to GAAP or considered to be more important than financial results determined in accordance with GAAP, nor are they necessarily comparable with similar non-GAAP measures which may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found within the referenced earnings release.

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 3 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 and two loan production offices, all in southwestern Pennsylvania and northern West Virginia • NASDAQ: CBFV Market Data CBFV Share Price $35.77 Shares Outstanding 5.1M Market Cap $181.4M Avg. 3 Mo. Daily Trading Volume 5,987 shares Insider Ownership 9.12% Institutional Ownership 44.01% Dividend Yield 3.13% Total Stockholders' Equity $162.1M Book Value per Common Share $31.91 Tangible Book Value per Common Share (1) $29.99 Price to Book Value 1.12x Price to Tangible Book Value (1) 1.19x ◦ All daily trading information/multiples as of July 23, 2026 ◦ All other financial information as of June 30, 2026 Washington Waynesburg Moundsville Canonsburg Uniontown Branches/ITM LPO Operations (1) Non GAAP financial measure.

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 4 Community Bank partners with individuals, businesses and communities to realize their dreams, protect their financial futures and improve their lives. Take Care of Each Other Always Do the Right Thing Be a Great Teammate Work Hard to Achieve Our Goals Give and Expect Mutual Respect Enjoy Life Everyday Be Positive Have a Sense of Urgency Client Experience First Our Mission Statement Our Core Values Our Cornerstone About Us

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 5 Creating Value for our Shareholders and Stakeholders • 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 efficiency and developing digital delivery. • People, Culture & Innovation ▪ Ensure our organization culture, practices, values and structure enable us to attract, train and retain top talent. ▪ Embed innovation at our core to improve capacity, to scale and respond to changing market and industry conditions. • Client Experience ▪ Prioritize the Client Experience. Make it simple and easy. • Automate and Optimize Processes ▪ Optimize process and delivery channels through technology, including AI, to enhance our Client Experience, lower costs, mitigate risk and improve profitability. • Improve Efficiency ▪ Establish a board-approved enterprise risk management framework to drive high quality earnings within established risk tolerances. Strategic Initiatives

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 6 Strategic Focus Treasury Management & Commercial Banking Strategy Strategic Focus Objectives Results CB's footprint contains highly concentrated markets and there is opportunity to gain market share in Commercial Banking and Treasury Services. Build and develop a Treasury Management (TM) and Specialized Deposit Division that provides a first class client experience. Under the leadership of Jim Mele, a seasoned veteran with an established record of success, the Bank has built a TM and Specialized Deposit Division which includes specialized and experienced sales, operations and risk associates dedicated to these clients. Targeted investments related to technology and systems to develop new products and processes, with a focus on ensuring a positive client experience. Leverage existing core system strengths and enhance with new TM products and processes with an exceptional client experience as the primary goal. Technology has been upgraded and risk controls have been enhanced. Technology upgrades include online banking, ACH platforms and escrow management programs, with enhanced capabilities for treasury and commercial clients. Treasury Services are the least commoditized deposits and servicing these accounts will generate growth in lower cost deposits and noninterest income. Enhance liquidity position with sticky, granular cost-effective deposits while also adding net fee income. The onboarding of treasury clients started in 1Q26 and deposit growth of $84.1 million has been achieved YTD. Strong ongoing growth is expected. Combined with the expansion of the Bank's Commercial Banking team, this two pronged strategy enhances the ability to increase net interest margin and net income. Be opportunistic in retaining talented Commercial Bankers to gain market share. The Bank is continuing to evaluate and hire additional Commercial Banking talent. Expenses related to these strategies are expected to be offset with additional cost savings and incremental revenue.

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 7 2026 Macro Outlook Item Comment Monetary Policy Federal Reserve rate change expectations have shifted from continued rate cuts to a probability of a rate increase later in 2026 in an effort to return inflation to target levels and maintain maximum employment. Rate changes impact product pricing and demand. Interest rate and liquidity management are primary components to managing impact. Inflation/Demand Inflation is pushing higher and expectations have become volatile. If inflationary pressures escalate, a potential economic slowdown may temper loan demand. Cost- control and pricing strategies are critical to remain competitive. Regulatory Environment Evolving regulations may impact operations and increase compliance costs. Risk management (cybersecurity and data privacy in particular) is on the forefront with continued shift to digital channels. Market Dynamics Competitive pressures, market conditions, stablecoin and deposit tokenization and AI- powered technology will require agile and innovative strategies to remain relevant while prioritizing client experience to build loyalty and differentiation. CB needs to remain vigilant and adaptable to navigate the uncertainties and complexities of the macroeconomic landscape in 2026 and beyond.

 
Q2 2026 Financial Highlights

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 9 Q2 2026 Highlights (Unaudited) Earnings (for the three months ended June 30, 2026 unless otherwise noted) • Core earnings. Core net income (non-GAAP) was $4.3 million, with diluted core earnings per share of $0.81. Core pre-provision net revenue (PPNR) (non-GAAP) was $5.1 million. • Margin. Net interest income was $14.5 million, an increase of 4.8% from Q1 2026. Net interest margin was 3.68%, down 15 bps from Q1 2026 as the yield on interest-earning assets decreased 13 bps and the cost of funds increased 2 bps. • Positive core returns. Adjusted return on average equity (non-GAAP) was 10.80% for Q2 2026, compared to 10.76% for Q2 2025. Balance Sheet & Asset Quality (as of June 30, 2026 unless otherwise noted) • Steady loan portfolio. Total loans ($1.18 billion) increased 1.9% from March 31, 2026 due to increases in commercial and construction real estate loans, partially offset by a decrease in indirect auto loans (discontinued product in Q2 2023). Excluding indirect auto, the portfolio grew 2.5% during the quarter. • Strong deposit growth. Organic deposits ($1.35 billion) increased 5.4% from March 31, 2026. Deposit growth for the quarter included $69.5 million of core (non-time) deposits primarily from growth in the Bank's new Specialty Treasury division. • High concentration of core deposits. Core deposits were 82% of total deposits at June 30, 2026. • Limited wholesale funding. Borrowings to total assets was 6.0% and brokered deposits to total assets was 2.0% at June 30, 2026. • Strong credit quality. Nonperforming loans to total loans was 0.29% and nonperforming assets to total assets was 0.20% as of June 30, 2026. Liquidity and Capital Strength (as of June 30, 2026 unless otherwise noted) • Significant available liquidity. Cash on deposit was $76.1 million and available borrowing capacity was $572.4 million. Available liquidity covers 234% of uninsured/non-collateralized deposits. • Low-risk deposit base. Insured/collateralized deposits account for 74.8% of total deposits. • Well-capitalized. The Bank's Tier 1 Leverage ratio was 9.94% at June 30, 2026, compared to 10.15% at December 31, 2025. • Increasing shareholder value. TBV per common share (non-GAAP) was $29.99 at June 30, 2026, compared to $29.35 at December 31, 2025. • Stock Repurchase Plan (SRP). Announced $5.0 million SRP in Q3 2025. Attractive way to return capital to shareholders.

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 10 Financial Highlights Change ($000s except per share) Q2 2026 Q1 2026 Q2 2025 Balance Sheet     Total Net Loans (Net of Allowance) $ 1,169,270 $ 21,736 $ 68,168 Total Organic Deposits 1,346,427 69,490 105,122 Total Brokered Deposits 33,633 (64,867) (64,867)       Income Statement     Net Interest Income 14,534 662 1,994 Net Provision (Recovery) for Credit Losses 17 (224) 9 Adjusted Noninterest Income(2) 990 44 59 Gain on Sale of Securities (18) (26) (18) Noninterest Expense 10,390 378 1,642 Income Tax Expense 798 84 32 Adjusted Net Income 4,315 461 366 Performance Ratios Adjusted Earnings Per Share, Diluted(2) $ 0.81 $ 0.09 $ 0.07 Net Interest Margin(1) 3.68 % (0.15) % 0.14 % Adjusted ROAA(1)(2) 1.04 % 0.04 % (0.02) % Adjusted ROAE(1)(2) 10.80 % 1.00 % 0.04 % NCOs/Average Loans(1) — % (0.01) % 0.02 % Tangible Book Value per Share(2) $ 29.99 $ 0.61 $ 2.11 Tangible Equity Ratio (TCE / TA)(2) 9.25 % (0.22) % 0.06 % Capital Ratios (Bank Only) Tier 1 Leverage 9.94 % (0.40) % (0.55) % Common Equity Tier 1 Capital 14.22 % (0.48) % (1.06) % Tier 1 Capital 14.22 % (0.48) % (1.06) % Total Risk-Based Capital 15.18 % (0.54) % (1.12) % Q2 2026 Results Overview (Unaudited) (1) Annualized (2) Non-GAAP Calculation in Press Release (3) Comparisons are to Q1 2026 unless otherwise noted Quarterly Highlights(3) Balance Sheet: • Loans increased $21.7 million as a result of increases in commercial and construction real estate loans, partially offset by a decrease in consumer loans due to the discontinued indirect auto product offering. • Organic deposits increased $69.5 million due growth in Specialty Treasury deposits. • Brokered deposits decreased $64.9 million as the funding was replaced with short-term borrowings. • Tangible book value per share (non-GAAP) was $29.99. Earnings and Capital: • Core net income (non-GAAP) was $4.3 million, while core PPNR (non-GAAP) was $5.1 million for Q2. • Net interest margin(1) was down 15 bps to 3.68% due to a decrease in yield on interest earning assets and an increase in cost of funds. • Noninterest expense increased 3.8% due to higher salaries and benefits and data processing costs primarily related to treasury personnel and products. • The Bank's Tier 1 Leverage ratio was 9.94%.

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 11 Financial Trends - Balance Sheet (Unaudited) Total Net LoansTotal Assets Total Deposits Total Stockholders' Equity in m ill io ns $1,518 $1,546 $1,548 $1,583 $1,656 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 $1,300 $1,400 $1,500 $1,600 $1,700 in m ill io ns $1,101 $1,133 $1,152 $1,148 $1,169 Net Loans Yield on Loans 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 $1,000 $1,025 $1,050 $1,075 $1,100 $1,125 $1,150 $1,175 $1,200 5.30% 5.40% 5.50% 5.60% 5.70% 5.80% 5.90% 6.00% in m ill io ns $1,309 $1,334 $1,340 $1,375 $1,380 Organic Deposits Brokered Deposits Cost of Interest Bearing Deposits 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 $1,000 $1,100 $1,200 $1,300 $1,400 $1,500 2.00% 2.10% 2.20% 2.30% in m ill io ns $148 $152 $158 $159 $162 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 $130 $140 $150 $160 $170

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 12 Financial Trends - Reported Earnings and Profitability (Unaudited) Net Income (Loss) / PPNR (non-GAAP) Earnings (Loss) Per Share (EPS) - Diluted in th ou sa nd s $3,949 $(5,696) $4,742 $3,867 $4,301$4,723 $(6,761) $5,632 $4,822 $5,116 Net Income PPNR Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $(8,000) $(6,000) $(4,000) $(2,000) $— $2,000 $4,000 $6,000 $0.74 $(1.07) $0.89 $0.73 $0.80 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $(1.50) $(1.00) $(0.50) $— $0.50 $1.00 Annualized Return on Average Equity (ROAE) 10.76% (15.15)% 12.14% 9.84% 10.77% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 (16.00)% (8.00)% —% 8.00% 16.00% Annualized Return on Average Assets (ROAA) 1.06% (1.50)% 1.22% 1.01% 1.04% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 (2.00)% (1.50)% (1.00)% (0.50)% —% 0.50% 1.00% 1.50%

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 13 Financial Trends - Core Earnings and Profitability (1) (Unaudited) Core Net Income / Core PPNR (non-GAAP) Core EPS - Diluted (non-GAAP) in th ou sa nd s $3,949 $3,927 $3,799 $3,854 $4,315 $4,723 $4,991 $4,867 $4,806 $5,134Core Net Income Core PPNR Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $1,000 $2,000 $3,000 $4,000 $5,000 $0.74 $0.74 $0.72 $0.72 $0.81 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $— $0.25 $0.50 $0.75 $1.00 Core Annualized ROAE (non-GAAP) 10.76% 10.45% 9.72% 9.80% 10.80% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 —% 3.00% 6.00% 9.00% 12.00% Core Annualized ROAA (non-GAAP) 1.06% 1.04% 0.97% 1.00% 1.04% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 —% 0.25% 0.50% 0.75% 1.00% 1.25% (1) Non-GAAP Calculation in Press Release

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 14 Financial Trends - Earnings and Profitability (Unaudited) Total Revenue (non-GAAP) Highlights - Revenue Core Efficiency Ratio (non-GAAP)(1) in th ou sa nd s $12,540 $13,099 $13,826 $13,872 $14,534 $931 $1,075 $964 $946 $990 Net Interest Income Noninterest Income (adj.) Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $7,500 $9,000 $10,500 $12,000 $13,500 $15,000 64.9% 64.8% 67.1% 67.6% 66.9% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 50.0% 55.0% 60.0% 65.0% 70.0% 75.0%Net Interest Margin (NIM) (non-GAAP) (1) 5.31% 5.41% 5.48% 5.47% 5.34% 3.55% 3.67% 3.80% 3.88% 3.73% 1.89% 1.86% 1.78% 1.70% 1.72% Yield on Earning Assets Net Interest Margin (FTE) Cost of Funds Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 —% 2.00% 4.00% 6.00% Noninterest Income (adj.) (non-GAAP): • All periods exclude gains/losses on securities. • Q4 2025 - excludes a $711,000 earn-out payment from the sale of EU and a $40,000 gain on the sale of bank assets. • Q1 2026 - excludes an $8,000 earn-out payment from the sale of EU. (1) Non-GAAP Calculation in Press Release $12,540 $13,099 $13,826 $13,872 $14,534$931 $(10,677) $1,729 $962 $972 Net Interest Income Noninterest Income Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $(20,000) $(10,000) $— $10,000 $20,000

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 15 Monthly Earnings Trends (Unaudited) 3.62% 3.80% 5.35% 5.41% 2.33% 2.16% Net Interest Margin (FTE) Yield on Earning Assets Cost of Funds 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 2.00% 3.00% 4.00% 5.00% 6.00% Net Interest Margin (NIM) (Non-GAAP) 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 $1,000 $1,250 $1,500 $1,750 $2,000 Pre-Tax Pre-Provision Income (Core) (Non-GAAP) 1.09% 1.01% 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 0.60% 0.80% 1.00% 1.20% 1.40% Core Annualized ROAA (Non-GAAP) 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 $3,500 $3,750 $4,000 $4,250 $4,500 $4,750 $5,000 $5,250 Net Interest Income (FTE) (Non-GAAP)

 
Deposit Composition / Characteristics

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 17 Deposit Mix and Cost (Unaudited) 21.3% 34.2%16.4% 12.5% 15.6% Non-Interest Bearing Demand Interest Bearing Demand Money Market Accounts Savings Accounts Time Deposits Deposit Mix Average Cost of Interest-Bearing Deposits 2.17% 2.07% 1.98% 1.86% 1.95% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 —% 0.50% 1.00% 1.50% 2.00% 2.50% Deposit Composition (in millions) 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 NIB Demand $ 278.7 $ 291.9 $ 291.7 $ 301.1 $ 286.6 IB Demand 353.4 366.0 357.1 384.6 460.2 Money Market 225.1 206.2 209.2 209.3 220.8 Savings Accounts 172.0 169.0 169.3 172.2 168.9 Time Deposits 201.1 202.9 214.0 209.9 209.8 Organic Deposits 1,230.4 1,235.9 1,241.3 1,276.9 1,346.4 Brokered Deposits 79.0 98.5 98.5 98.5 33.6 Total Deposits $ 1,309.4 $ 1,334.4 $ 1,339.8 $ 1,375.4 $ 1,380.1 Highlights • Organic Deposits increased $105.1 million, or 8.5%, from December 31, 2025 due to Specialty Treasury deposit growth. • Brokered deposits were utilized primarily to fund the purchase of floating rate CLO securities and mature within three months. Brokered deposits decreased as FHLB short-term borrowings were alternatively used due to favorable pricing. • Average cost of interest-bearing deposits was 2.08% for Q2 2026, compared to 2.03% for Q1 2026 and 2.28% for Q2 2025. 2.01% 2.08% 2.00% 1.82% 2.04% 2.94% 2.63% 2.30% 2.14% 2.18% 0.10% 0.10% 0.11% 0.10% 0.12% 3.27% 3.12% 3.15% 3.04% 2.99% 4.37% 4.36% 4.12% 3.92% 3.79% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 —% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% Noninterest- Bearing Interest- Bearing Money Market Accounts Savings Accounts Time Deposits $— $100,000 $200,000 $300,000 $400,000 $500,000 21.3% 21.9% 21.8% 21.9% 20.8% 27.0% 27.4% 26.7% 28.0% 33.3% 17.2% 15.5% 15.6% 15.2% 16.0% 13.1% 12.7% 12.6% 12.5% 12.2% 15.4% 15.1% 15.9% 15.2% 15.3% 6.0% 7.4% 7.4% 7.2% 2.4% Noninterest-Bearing Interest-Bearing Money Market Accounts Savings Accounts Organic Time Deposits Brokered Deposits 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 18 —% cost / $174.4 million 0.30% cost / $130.5 million 1.11% cost / $85.0 million 0.11% cost / $162.2 million 2.93% cost / $186.3 million 3.04% cost / $22.7 million Deposit Composition (unaudited) Retail Deposits as of June 30, 2026 $761.0 million 1.01% WAC 35,221 accounts —% cost / $96.2 million 2.32% cost / $152.3 million 2.16% cost / $65.0 million 0.50% cost / $6.0 million 2.13% cost / $1.3 million 3.22% cost / $165.5 million Commercial Deposits as of June 30, 2026 $486.4 million 2.12% WAC 4,569 accounts —% cost / $10.9 million 3.06% cost / $60.7 million 3.63% cost / $14.5 million 3.54% cost / $13.0 million Specialty Deposits as of June 30, 2026 $99.1 million 2.87% WAC 46 accounts —% cost / $168.7 million 0.28% cost / $129.9 million 1.27% cost / $88.9 million 0.08% cost / $163.3 million 3.13% cost / $188.1 million 3.04% cost / $20.6 million Retail Deposits as of December 31, 2025 $759.5 million 1.07% WAC 35,798 accounts —% cost / $116.8 million 2.28% cost / $118.2 million2.29% cost / $57.8 million 0.61% cost / $5.5 million 2.73% cost / $1.9 million 3.33% cost / $166.6 million Commercial Deposits as of December 31, 2025 $466.8 million 2.07% WAC 4,448 accounts 3.75% cost / $1.5 million 3.69% cost / $13.6 million —% 3.75% —% —% 3.69% —% Specialty Deposits as of December 31, 2025 $15.0 million 3.70% WAC 43 accounts Reconciliation to Balance Sheet June 30 2026 March 31 2026 December 31 2025 QTD Change YTD Change Amount Percent Amount Percent dollars in thousands Retail $ 760,982 $ 767,815 $ 759,455 $ (6,833) (0.9) % $ 1,527 0.2 % Commercial 486,353 466,483 466,832 19,870 4.3 19,521 4.2 Specialty Treasury 99,092 42,639 15,018 56,453 132.4 84,074 559.8 Organic Deposits 1,346,427 1,276,937 1,241,305 69,490 5.4 105,122 8.5 Brokered Deposits 33,633 98,500 98,500 (64,867) (65.9) (64,867) (65.9) Total Deposits $ 1,380,060 $ 1,375,437 $ 1,339,805 $ 4,623 0.3 % $ 40,255 3.0 %

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 19 Secure Deposit Base (Unaudited) • In total, 74.8% of client deposits (non- brokered) are FDIC insured or collateralized with investment securities as of June 30, 2026, compared to 75.2% as of December 31, 2025. • Uninsured client deposits consist of business & retail deposits of 16.1% and 9.0% of total deposits, respectively. • At June 30, 2026, client deposits consisted of 52.2% retail, 28.8% business, and 19.0% public funds. • CB is focused on providing opportunities for uninsured depositors to move funds to alternate products, providing benefit to both clients and the Bank. FDIC Insured, 55.1% Collateralized, 19.7% Uninsured, 25.2% Source: Company information as of 6/30/2026 As of 6/30/2026 Highlights

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 20 Strong Liquidity Position (Unaudited) $1,987 0.8% $40,926 16.9% $66,064 27.3%$109,133 45.2% $22,677 9.4% $899 0.4% Government Agency Municipal MBS's CMO's Corporate Debt Marketable Equity Cash $76.1 million Investments $145.1 million Fed Capacity $62.7 million FHLB Capacity $454.6 million Other Capacity $55.0 million Available Liquidity of $793.5 million Highlights Source: Company information as of 6/30/2026 • Cash & Cash Equivalents totaled $76.1 million, or 4.6% of total assets. • Investment Securities totaled $325.6 million, with $180.5 million utilized as collateral for public fund deposits. All securities are classified as available- for-sale and marked to market. • Total borrowings totaled $99.8 million, or 6.0% of total assets and included $20.0 million in long- term FHLB borrowings, $65.0 million in short- term FHLB borrowings and $14.8 million in subordinated debt. • The Bank has $572.4 million in available borrowing capacity (FED, FHLB, Other). • Available liquidity covers 234% of uninsured/ non-collateralized deposits.

 
Loan Portfolio Composition

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 22 Loan Portfolio Composition (Unaudited) Commercial & Industrial 13.6% Real Estate- Construction 5.0% Real Estate- Commercial 48.5% Real Estate- Residential 27.7% Consumer 2.6% Other 2.6% As of 6/30/2026 Loan Portfolio Detail dollars in millions 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 QoQ Change YoY Change Real Estate - Residential $ 329.3 $ 333.4 $ 329.2 $ 330.8 $ 327.0 (1.1) % (0.7) % Real Estate - Commercial 513.2 539.4 552.2 550.0 571.8 4.0 11.4 Real Estate - Construction 40.7 38.9 45.4 51.4 58.9 14.6 44.7 Commercial & Industrial 138.2 143.9 161.1 157.7 160.4 1.7 16.1 Consumer 57.4 49.6 42.9 36.7 31.1 (15.3) (45.8) Other 32.0 38.2 31.5 31.2 30.5 (2.2) (4.7) Total Loans $ 1,110.8 $ 1,143.4 $ 1,162.3 $ 1,157.8 $ 1,179.7 1.9 % 6.2 % Highlights • Loans increased $17.5 million, or 1.5%, from December 31, 2025 due primarily from growth in commercial and construction real estate loans, partially offset by a decrease in indirect auto loans. Excluding the indirect loans, loans increased $28.5 million, or 2.5%, from December 31, 2025. • Loan production for Q2 2026 totaled $58.7 million while loans paid off totaled $32.7 million. • CB continues to focus on disciplined pricing and credit quality standards. • CB remains committed to hiring and retaining experienced commercial bankers.

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 23 Commercial Loan Portfolio Detail (Unaudited) 24.7% 18.1% 17.3% 12.1% 6.0% 4.5% 2.6% 1.7% 1.6% 11.4% Retail Space Multifamily Warehouse Space Office Space Manufacturing Medical Hotels Oil & Gas Senior Housing Other C&I and CRE Loans by Industry Highlights Commercial Real Estate Loan Portfolio Details Total O/S Balance CRE Owner Occupied CRE Non-Owner Occupied dollars in thousands O/S Balance Percent Avg Loan Size Avg LTV O/S Balance Percent Avg Loan Size Avg LTV Retail Space $ 141,431 $ 32,530 5.67 % $ 775 63.42 % $ 108,901 18.97 % $ 1,472 60.45 % Multifamily 103,347 — — — — 103,347 18.01 1,033 60.67 Warehouse Space 98,743 17,958 3.13 718 42.42 80,785 14.08 2,126 55.17 Office Space 69,013 9,286 1.62 489 72.43 59,727 10.41 1,219 60.01 Manufacturing 34,338 3,302 0.58 330 57.20 31,036 5.41 2,821 45.94 Medical 25,870 8,285 1.44 753 73.18 17,585 3.06 1,172 54.47 Hotels 15,231 — — — — 15,231 2.65 1,904 61.76 Oil & Gas 9,737 5,108 0.89 638 66.86 4,629 0.81 1,543 57.09 Senior Housing 8,972 5,788 1.01 1,930 18.66 3,184 0.55 3,184 40.78 Other 65,078 41,628 7.25 534 56.49 23,450 4.46 838 63.14 Total $ 571,760 $ 123,885 21.59 % $ 632 57.26 % $ 447,875 78.41 % $ 1,370 58.26 % • CRE loans represent 48.5% of the total loan portfolio. • Limited exposure to office space. • 21.6% of CRE loans are owner occupied. • Non-Owner Occupied CRE loans have an average LTV of 58.3% based on appraised values at the time of origination, whereas Owner Occupied CRE's LTV is 57.3%. • Average Non-Owner Occupied CRE loan size is approximately $1.4 million, and Owner Occupied is approximately $632,000. • No loans are currently in deferral. • CRE loans are concentrated in the Pittsburgh metropolitan area.Source: Company information as of 6/30/2026

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 24 Consumer Loan Portfolio Detail (Unaudited) 91.3% 5.8% 2.9% 1-4 Family Indirect Auto Other Consumer 30.4% 16.4%20.4% 20.7% 9.8% 2.3% < 50% 50% - 59% 60% - 69% 70% - 79% 80% - 89% > 90% 42.3% 36.6% 14.7% 5.7% 0.7% > 800 740-799 700-739 661-699 < 660 Consumer Lending Portfolio - $358.1M Residential Real Estate Loan to Values (LTV's) - $327.0MIndirect Auto Portfolio by Max FICO Score- $20.8M Highlights • Residential loans represent 27.5% of total loans. • 67.1% of residential loans have an LTV of less than 70%, based on appraised values at the time of origination. • Indirect auto loans represent 1.7% of total loans. • 78.9% of indirect auto loans are to borrowers with FICO scores greater than 740, at the time of underwriting. • The indirect auto lending program was discontinued in Q2 2023 to prioritize more profitable commercial lending products. Source: Company information as of 6/30/2026 Source: Company information as of 6/30/2026 Source: Company information as of 6/30/2026

 
Asset Quality, Capital Ratios and IRR

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 26 Asset Quality Trends (Unaudited) Net Charge-Offs (Recoveries) / Average Loans Allowance for Credit Losses / Total LoansNonperforming Assets / Total Assets in th ou sa nd s $1,925 $2,340 $5,310 $3,329 $3,388 Nonperforming Assets NPA's / Assets 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 $— $2,000 $4,000 $6,000 —% 0.16% 0.32% 0.48% Allowance for Credit Losses / Nonperforming Assets Nonperforming Loans to Total Loans $1,767 $2,182 $5,310 $3,329 $3,388 Nonperforming Loans (000's) Nonperforming/Total Loans 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 $— $2,000 $4,000 $6,000 0.15% 0.20% 0.25% in th ou sa nd s $(39) $(88) $295 $41 $9 Net Charge Offs (Recoveries) NCO's (Recoveries)/ Avg Loans Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $(150) $(100) $(50) $— $50 $100 $150 $200 $250 $300 $350 (0.08)% (0.05)% (0.03)% —% 0.03% 0.05% 0.08% 0.10% 0.13% 0.15% 0.18% in th ou sa nd s $9,722 $10,146 $10,116 $10,303 $10,451 Loan Loss Reserve ($000's) ALLL/ Total Loans 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 $— $4,000 $8,000 $12,000 0.86% 0.88% 0.90% in th ou sa nd s $1,925 $2,340 $5,310 $3,329 $3,388 Nonperforming Assets ALLL / Nonperforming Assets 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 $— $2,000 $4,000 $6,000 —% 200.00% 400.00% 600.00%

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 27 Capital Ratios (Bank Only) (Unaudited) Common Equity Tier 1 Capital (to Risk Weighted Assets) Tier 1 Capital to Risk Weighted Assets 15.28% 14.19% 13.92% 14.70% 14.22% Common Equity Tier 1 Capital Adequately Capitalized Well Capitalized 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 15.28% 14.19% 13.92% 14.70% 14.22% Tier 1 Capital Adequately Capitalized Well Capitalized 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% Tier 1 Leverage (to Adjusted Total Assets) 10.49% 10.06% 10.15% 10.34% 9.94% Tier 1 Leverage Adequately Capitalized Well Capitalized 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 4.00% 6.00% 8.00% 10.00% 12.00% Total Capital (to Risk Weighted Assets) 16.29% 15.20% 14.89% 15.71% 15.18% Total Capital Adequately Capitalized Well Capitalized 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 8.00% 10.00% 12.00% 14.00% 16.00% 18.00%

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 28 Change in Rates (bp) (in th ou sa nd s) $(754) $(842) $(339) $— $149 $194 $113 -300 -200 -100 0 +100 +200 +300 $(1,000) $(750) $(500) $(250) $— $250 Change in Rates (bp) (in th ou sa nd s) $15,711 $13,831 $8,786 $— $(11,356) $(24,670) $(39,697) -300 -200 -100 0 +100 +200 +300 $(60,000) $(40,000) $(20,000) $— $20,000 Change in Net Interest Income (as of 06/30/2026) Change in Economic Value of Equity (as of 06/30/2026) Interest Rate Risk (Unaudited) Interest Rate Risk Details (as of 06/30/2026) EVE EVE as a Percent of Portfolio Value of Assets Net Interest Earnings at Risk Change in Interest Rates in Basis Points Dollar Amount Dollar Change Percent Change NPV Ratio Basis Point Change Dollar Amount Dollar Change Percent Change (Dollars in thousands) +300 $ 237,246 $ (39,697) (14.3) % 15.66 % (139) $ 59,900 $ 113 0.2 % +200 252,273 (24,670) (8.9) 16.26 (79) 59,981 194 0.3 +100 265,587 (11,356) (4.1) 16.73 (32) 59,936 149 0.2 Flat 276,943 — — 17.05 — 59,787 — — -100 285,729 8,786 3.2 17.22 17 59,448 (339) (0.6) -200 290,774 13,831 5.0 17.17 12 58,945 (842) (1.4) -300 292,654 15,711 5.7 16.95 (10) 59,033 (754) (1.3)

 
Conclusions

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 30 Market Presence with Brand Recognition Seasoned Executive Leadership Deploying Technology to Enhance Client Experience Investment Summary Serving Stable Southwestern PA & Ohio River Valley markets Proven experience through all economic cycles Continuing to invest with a tech- forward and people-centric approach Investing for Growth Adding new talent, tech upgrades and investing in process improvement Rewarding Shareholders Increased quarterly dividend 8% to $0.28 per share in Q1 2026

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 31 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 Capital Reinvestment ▪ Regular and reliable dividend payouts ▪ Attractive dividend yield ▪ Capital reinvestment to produce higher returns ◦ Investing in Products and Strategies for Future Growth ▪ Specialty Treasury Payments & Services ▪ Commercial Banking ▪ Mortgage Banking ◦ Creating Franchise Value ◦ Supporting Local Communities (building value beyond financial returns)

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 32 ◦ 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 improving client experience ◦ Enhance profitability and efficiency potential while continuing to invest for future growth ◦ Continue our track record of opportunistic growth in the robust Pittsburgh Metropolitan area and across our footprint ◦ Defend and grow our relatively low-cost deposit base which enables the bank to protect net interest margin ◦ Leverage our credit culture and strong loan underwriting as a foundation to uphold our asset quality metrics Be the Community Bank of choice across our footprint Concluding Thoughts

 
CB Financial Services, Inc. (Nasdaq: CBFV) July 2026 Page 33 Company Contact John H. Montgomery President and Chief Executive Officer Phone: (724) 223-8317 Investor Relations The IR Group Diane Fitzgibbons, President Phone: (206) 388-5789 Email: dianef@theIRgroup.com Bank Main Office: 100 N. Market Street Carmichaels, PA 15320 Corporate Center: 2111 North Franklin Drive, Suite 200 Washington, PA 15301 Contact Information