Posted: 06/11/2025 07:36 am
In recent years, CB Financial Services, Inc. (NASDAQ: CBFV) has demonstrated a dynamic approach to executive compensation, notably for its President & Chief Executive Officer, John H. Montgomery. As of 2024, Montgomery's total compensation was reported at $728,547, experiencing a significant reduction from the $1,182,137 he received in 2023. The decrease was largely attributed to the absence of a bonus in 2024, which was a substantial $300,000 the previous year. Instead, his 2024 financial package comprised a salary of $470,585, adding to the stock and option awards of $66,360 and $66,393, respectively. The incentive plan compensation contributed $73,937, while all other compensation rounded up to $51,272.[1]
Such changes in compensation structure occur amidst a backdrop of financial challenges for the company. In January 2025, CB Financial Services fell short of earnings expectations for its fourth quarter, reporting earnings of $0.35 per share compared to the anticipated $0.46 per share. This represents a decline from the $0.60 earnings per share reported for the same quarter in the prior year.[2] These results could exert pressure on the company to re-evaluate its strategic and financial planning to enhance performance and shareholder value.
Amidst these headwinds, the company’s stock price has shown resilience. As of the latest market data, CB Financial Services shares are priced at $28.45, fluctuating between a low of $28.45 and a high of $28.6 in the latest trading day.[3] Even though the shares have not reached their year high of $33.72, the stock's stability near its 50-day and 200-day averages suggests that investor sentiment remains cautiously optimistic.
Looking forward, the company's approach to executive compensation and strategic adjustments will be pivotal in addressing these financial challenges. The transparency of executive compensation details and performance metrics, accessible through sources like the Securities and Exchange Commission (SEC), remains crucial for stakeholders aiming to contextualize company performance vis-à-vis its leadership's financial incentives.[1][2][3]
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1. United States Securities and Exchange Commission. "CB Financial Services, Inc. President & Chief Executive Officer Compensation Data." SEC Filing, Accessed October 2023. [SEC Archive Link (2024)](https://www.sec.gov/Archives/edgar/data/1605301/000160530125000015/0001605301-25-000015-index.htm), [SEC Archive Link (2023)](https://www.sec.gov/Archives/edgar/data/1605301/000160530124000013/0001605301-24-000013-index.htm).
2. Zacks. "CB Financial Services (CBFV) Misses Q4 Earnings Estimates." Zacks.com, January 29, 2025. [Zacks News Link](https://www.zacks.com/stock/news/2406167/cb-financial-services-cbfv-misses-q4-earnings-estimates?cid=CS-STOCKNEWSAPI-FT-tale_of_the_tape|yseop_template_4-2406167).
3. Market Data Provider. "CB Financial Services, Inc. Stock Price Snapshot." Accessed October 2023.
