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Stock impact report

CB Financial Services, Inc. Announces Second Quarter and Year-to-Date 2019 Financial Results

CB Financial Services, Inc. (CBFV) 
US:NASDAQ Investor Relations: communitybank.tv/investor-relations.htm
Company Research Source: GlobeNewswire
WASHINGTON, Pa., July 29, 2019 (GLOBE NEWSWIRE) -- CB Financial Services, Inc. (“CB” or the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”) and Exchange Underwriters, Inc., a wholly-owned insurance subsidiary of the Bank, today announced its second quarter and year-to-date 2019 financial results.     Second Quarter 2019 Highlights Net income for the three months ended June 30, 2019 was $3.0 million, compared to $970,000 for the three months ended June 30, 2018, an increase of $2.0 million, or 207.1%.Total loans grew $27.1 million since March 31, 2019, at an annualized net loan growth rate of approximately 12.0%. The loan growth was mainly driven by net loan originations of $14.1 million for commercial real estate, $10.2 million for commercial and industrial and $4.5 million for residential real estate loans.Return on Average Assets (“ROA”) (annualized) for the three months ended June 30, 2019, was 0.91%, an increase of 57 basis points, as compared Show less Read more
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