CARMICHAELS, Pa. (AP) — CARMICHAELS, Pa. (AP) — CB Financial Services Inc. (CBFV) on Wednesday reported fourth-quarter profit of $13 million.
The Carmichaels, Pennsylvania-based bank said it had earnings of $2.52 per share. Earnings, adjusted for non-recurring gains, came to 60 cents per share.
The holding company for Pennsylvania-based Community Bank posted revenue of $33.4 million in the period. Its revenue net of interest expense was $27.7 million, which topped Street forecasts.
For the year, the company reported profit of $22.6 million, or $4.40 per share. Revenue was reported as $68.6 million.
CB Financial Services shares have declined slightly more than 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.51, a rise of roughly 8% in the last 12 months.
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