CNB Financial Corporation

CCNE

US1261281075

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-01 pm EDT			5-day change	1st Jan Change
19.02 ^USD	+0.11%		-1.65%	-15.80%

Apr. 22	North American Morning Briefing : Stock Futures -2-	DJ
Apr. 17	Keefe, Bruyette & Woods Adjusts Price Target on CNB Financial to $22 From $23, Maintains Market Perform Rating	MT

CNB Financial Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

July 20, 2023 at 04:15 pm EDT

CNB Financial Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 47.26 million compared to USD 46.3 million a year ago. Net income was USD 13.83 million compared to USD 15.44 million a year ago. Diluted earnings per share from continuing operations was USD 0.61 compared to USD 0.85 a year ago.
For the six months, net interest income was USD 94.9 million compared to USD 88.92 million a year ago. Net income was USD 30.32 million compared to USD 30.68 million a year ago. Diluted earnings per share from continuing operations was USD 1.33 compared to USD 1.69 a year ago.

Latest news about CNB Financial Corporation

North American Morning Briefing : Stock Futures -2-	Apr. 22	DJ
Keefe, Bruyette & Woods Adjusts Price Target on CNB Financial to $22 From $23, Maintains Market Perform Rating	Apr. 17	MT
Earnings Flash (CCNE) CNB FINANCIAL Posts Q1 Revenue $54.2M	Apr. 15	MT
North American Morning Briefing : Stock Futures -2-	Apr. 15	DJ
CNB Financial Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 14	CI
CNB Financial Keeps Quarterly Dividend at $0.175 a Share, Payable March 15 to Holders of Record as of March 1	Feb. 14	MT
CNB Financial Corporation Declares Quarterly Cash Dividend, Payable on March 15, 2024	Feb. 13	CI
North American Morning Briefing : Big Tech Weighs -2-	Jan. 31	DJ
CNB Financial Q4 Earnings, Revenue Decline	Jan. 23	MT
Tranche Update on CNB Financial Corporation's Equity Buyback Plan announced on June 6, 2022.	Jan. 23	CI
CNB Financial Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 23	CI
Earnings Flash (CCNE) CNB FINANCIAL Reports Q4 Revenue $56.8M	Jan. 23	MT
CNB Financial Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 23	CI
North American Morning Briefing : Central Bankers -2-	Jan. 17	DJ
CNB Financial Corporation Announces Management Changes	Nov. 30	CI
CNB Financial Maintains Quarterly Dividend at $0.175 per Share, Payable Dec. 15 to Shareholders of Record as of Dec. 1	Nov. 14	MT
CNB Financial Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2023	Nov. 14	CI
North American Morning Briefing : Rate Decisions, -2-	23-10-30	DJ
Tranche Update on CNB Financial Corporation's Equity Buyback Plan announced on June 6, 2022.	23-10-23	CI
Earnings Flash (CCNE) CNB FINANCIAL Reports Q3 Revenue $55.1M	23-10-23	MT
CNB Financial Corporation Reports Unaudited Net Loan Charge-Offs for the Third Quarter Ended September 30, 2023	23-10-23	CI
CNB Financial Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-23	CI
North American Morning Briefing : 10-Year Treasury -2-	23-10-23	DJ
North American Morning Briefing : Middle-East -2-	23-10-16	DJ
CNB Financial Corporation Declares a Quarterly Cash Dividend, Payable on September 15, 2023	23-08-08	CI

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Company Profile

CNB Financial Corporation is a financial holding company. The Company conducts business primarily through its principal subsidiary, CNB Bank (the Bank). The Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental and institutional customers. The Bank's operations include a private banking division, two loan production offices, one drive-up office, one mobile office and 51 full-service offices in Pennsylvania, Ohio, New York and Virginia. Its ERIEBANK division operates in the Pennsylvania counties of Crawford, Erie, and Warren and in the Ohio counties of Ashtabula, Cuyahoga, Geauga, Lake, and Lorain. Its FCBank division operates in the Ohio counties of Crawford, Delaware, Franklin, Knox, Marion, Morrow and Richland. Its BankOnBuffalo division operates in the New York counties of Erie and Niagara. Its Impressia Bank division operates in the Bank's primary market areas.

Sector

Banks

Calendar

2024-07-15 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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Ratings for CNB Financial Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

19.02 USD

Average target price

23.5 USD

Spread / Average Target

+23.55%

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Company calendar

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