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Sep 30, 2021
CNB Financial Q3 2021 Earnings Report
CNB Financial Corporation reported an increase in earnings per share for the third quarter of 2021 compared to the third quarter of 2020.
Key Takeaways
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.
Earnings per diluted share increased 74.5% to $0.82 for the third quarter of 2021.
Net organic loan growth, excluding PPP loans, was 6.5% from December 31, 2020.
Total deposits increased 9.8% from December 31, 2020, reaching $4.6 billion.
Total non-performing assets decreased to 0.42% of total assets.
Forward Guidance
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to CNB’s financial condition, liquidity, results of operations, future performance and business.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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