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Sep 30, 2022
CNB Financial Q3 2022 Earnings Report
Reported earnings per share of $0.90, reflecting a positive financial performance.
Key Takeaways
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.
Successfully completed a common stock offering, raising $94.1 million in net proceeds.
Net income available to common shareholders increased by 12.4% to $15.5 million, or $0.90 per diluted share.
Loans, excluding syndicated and PPP loans, grew by 11.8% year-to-date to $3.9 billion.
Total nonperforming assets were $21.8 million, or 0.41% of total assets.
Forward Guidance
Not applicable
Historical Earnings Impact
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Avg. Return Before/After Earnings
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