CNB Financial Earnings Reports

CNB Financial Corporation reported a net income of $14.0 million, or $0.66 per diluted share, for the fourth quarter of 2024, compared to $12.9 million, or $0.61 per diluted share, for the previous quarter. The increase was driven by higher net interest income and lower non-interest expense, partially offset by lower non-interest income. Loans totaled $4.5 billion, excluding syndicated loans, representing a quarterly increase of $6.6 million. Total deposits were $5.4 billion, reflecting a quarterly increase of $154.4 million.

CNB Financial Corporation reported net income available to common shareholders of $12.9 million, or $0.61 per diluted share, for the three months ended September 30, 2024. Loans totaled $4.5 billion, excluding syndicated loans, representing an increase of $96.7 million from the previous quarter. Total deposits were $5.2 billion, reflecting an increase of $106.1 million from the previous quarter.

CNB Financial Corporation reported net income available to common shareholders of $11.9 million, or $0.56 per diluted share, for the second quarter of 2024. Total deposits were $5.1 billion, reflecting an increase of $73.3 million from the previous quarter. Loans totaled $4.4 billion, excluding syndicated loans, representing an increase of $73.0 million from the previous quarter.

CNB Financial Corporation reported net income available to common shareholders of $11.5 million, or $0.55 per diluted share, for the three months ended March 31, 2024. Loans totaled $4.4 billion and total deposits were $5.0 billion at March 31, 2024.

CNB Financial Corporation reported a net income of $12.9 million, or $0.62 per diluted share, for the three months ended December 31, 2023. The quarterly increase was primarily a result of increases in net interest income and non-interest income, partially offset by increases in certain personnel costs and technology expenses.

CNB Financial Corporation reported net income available to common shareholders of $12.7 million, or $0.60 per diluted share, for the three months ended September 30, 2023. Total deposits reached $5.0 billion, reflecting an increase of $69.7 million from June 30, 2023, and loans totaled $4.4 billion, an increase of $49.9 million from June 30, 2023.

CNB Financial Corporation reported net income available to common shareholders of $12.8 million, or $0.61 per diluted share, for the three months ended June 30, 2023. Total deposits reached $4.9 billion, reflecting an increase of $178.9 million from March 31, 2023, and loans totaled $4.3 billion, representing an increase of $166.1 million from March 31, 2023.

CNB Financial Corporation reported a net income available to common shareholders of $15.4 million, or $0.73 per diluted share, for the three months ended March 31, 2023. Total deposits reached $4.8 billion, reflecting an increase of $131.7 million from December 31, 2022. Loans, excluding syndicated and PPP loans, totaled $4.2 billion, an increase of $34.7 million from the previous quarter.

CNB Financial Corporation reported earnings of $14.8 million, or $0.70 per diluted share, for the three months ended December 31, 2022. The increase in earnings was primarily due to growth in commercial loans and year-over-year increases in the balance of investment securities, stable credit quality, and an asset-sensitive balance sheet supporting increased net interest income in the current rising rate environment.

CNB Financial Corporation reported a successful third quarter with positive financial results, including growth in asset quality, loans, and revenue, along with an increase in earnings per share. The corporation also completed a $100 million capital raise to support future growth.

CNB Financial Corporation reported a net income available to common shareholders of $14.4 million, or $0.85 per diluted share, for the three months ended June 30, 2022. This represents an increase compared to $12.9 million, or $0.76 per diluted share, for the three months ended June 30, 2021.

CNB Financial Corporation reported a net income available to common stockholders of $14.2 million, or $0.84 per diluted common share, for the quarter ended March 31, 2022. The corporation experienced robust loan growth and strategic investment activities, contributing to a positive first quarter performance.

CNB Financial Corporation reported a strong fourth quarter and full year, with record earnings per share driven by commercial loan growth, strong fee income, and stable credit quality. The company's loan portfolio is well-positioned for future growth, and its communities are showing continued growth opportunities.

CNB Financial Corporation reported strong third-quarter earnings, with significant growth in earnings per diluted share and net income compared to the same period in 2020. The corporation's strategic expansion and disciplined approach to pricing contributed to the positive results.

CNB Financial Corporation announced strong second-quarter earnings with a notable increase in earnings per share, driven by focus on risk-based loan pricing and expansion into new markets like Roanoke, Virginia. The corporation's loan portfolio and deposits experienced significant organic growth, and wealth and asset management business also saw considerable gains.

CNB Financial Corporation reported a strong earnings quarter with earnings per diluted share increasing by 36.8% compared to the same period in 2020. The company's initiatives implemented in 2020 to manage excess liquidity are performing as expected. They continued supporting local businesses through the Paycheck Protection Program.

CNB Financial Corporation reported a net income of $7.9 million, or $0.40 per diluted common share, for the fourth quarter of 2020. The results include the adoption of the Current Expected Credit Loss (CECL) methodology and a prepayment of $160 million in borrowings from the Federal Home Loan Bank of Pittsburgh (FHLB). Excluding the after-tax FHLB prepayment penalty, net income was $13.8 million, or $0.75 per diluted common share.

CNB Financial Corporation reported a net income of $7.8 million, or $0.47 per diluted share, for the quarter ended September 30, 2020. The quarter included the closing of the Bank of Akron transaction and the issuance of $57.8 million of preferred stock. There was also a material reduction in COVID-19 related loan forbearances.

CNB Financial Corporation reported a net income of $8.2 million, or $0.54 per diluted share, for the quarter ended June 30, 2020. The results reflect the challenges and rewards of helping customers navigate a difficult period, with a favorable financial performance and a positive outlook.

CNB Financial Corporation reported a net income of $8.8 million, or $0.57 per diluted share, for the quarter ended March 31, 2020, as compared to $9.5 million, or $0.62 per diluted share, for the same period in 2019.

CNB Financial Corporation reported a strong fourth quarter with a 17% increase in earnings per share, driven by organic growth in loans and deposits. Net income for the quarter was $10.5 million, or $0.69 per diluted share, compared to $8.9 million, or $0.59 per diluted share, for the same period in 2018.