CARMICHAELS, Pa. (AP) _ CB Financial Services Inc. (CBFV) on Thursday reported fourth-quarter earnings of $3.1 million.

The bank, based in Carmichaels, Pennsylvania, said it had earnings of 57 cents per share. Earnings, adjusted for one-time gains and costs, came to 61 cents per share.

The holding company for Pennsylvania-based Community Bank posted revenue of $14.5 million in the period. Its revenue net of interest expense was $13.4 million, surpassing Street forecasts.

For the year, the company reported a loss of $10.6 million, or $1.97 per share, swinging to a loss in the period. Revenue was reported as $51.4 million.

CB Financial Services shares have decreased almost 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.85, a fall of 35% 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News