CB Financial Services (NASDAQ:CBFV) Third Quarter 2022 Results
Key Financial Results
Revenue: US$13.7m (up 13% from 3Q 2021).
Net income: US$3.93m (up 98% from 3Q 2021).
Profit margin: 29% (up from 16% in 3Q 2021). The increase in margin was primarily driven by higher revenue.
EPS: US$0.77 (up from US$0.37 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CB Financial Services Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 37%.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in the US.
The company's shares are up 2.9% from a week ago.
Be aware that CB Financial Services is showing 1 warning sign in our investment analysis that you should know about...
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