CARMICHAELS, Pa. (AP) — CARMICHAELS, Pa. (AP) — CB Financial Services Inc. (CBFV) on Wednesday reported fourth-quarter profit of $2.5 million.
The Carmichaels, Pennsylvania-based bank said it had earnings of 46 cents per share. Earnings, adjusted for non-recurring gains, came to 35 cents per share.
The holding company for Pennsylvania-based Community Bank posted revenue of $21.1 million in the period. Its revenue net of interest expense was $13.2 million, exceeding Street forecasts.
For the year, the company reported profit of $12.6 million, or $2.38 per share. Revenue was reported as $51.6 million.
CB Financial Services shares have risen slightly more than 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.26, a rise of 18% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBFV at https://www.zacks.com/ap/CBFV
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.