Brief: CB Financial Services Repositions Balance Sheet

CB Financial Services

13/12/2023 22:56

Dec 13 (Reuters) - CB Financial Services Inc  CBFV.O :
    * CB FINANCIAL SERVICES, INC. REPOSITIONS BALANCE SHEET
    * CB FINANCIAL SERVICES: EXPECT REPOSITIONING TO ADD ABOUT
17
BASIS POINTS TO OUR NET INTEREST MARGIN AND ABOUT $0.36 TO EPS
IN 2024
    * CB FINANCIAL SERVICES-BANK SOLD $79.4 MILLION IN BOOK
VALUE OF
ITS LOWER-YIELDING INVESTMENT SECURITIES FOR ESTIMATED AFTER-TAX
REALIZED LOSS OF $8.0 MILLION
    * CB FINANCIAL SERVICES INC: EXPECTS BALANCE SHEET
REPOSITIONING
TO BE ACCRETIVE TO EARNINGS, NET INTEREST MARGIN AND RETURN ON
ASSETS IN FUTURE PERIODS
    * CB FINANCIAL SERVICES: LOSS ON SALE OF SECURITIES IS
EXPECTED TO
HAVE NEUTRAL IMPACT ON TANGIBLE BOOK VALUE PER SHARE

Source text for Eikon:  ID:nBw5wFbmWa 
Further company coverage:  CBFV.O 

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