CNB Financial(CCNE)

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CNB Financial(CCNE) - 2025 Q2 - Quarterly Report
2025-08-07 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-39472 CNB FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 25-1450605 (State or other jurisdiction ...
Why CNB Financial (CCNE) is a Great Dividend Stock Right Now
ZACKS· 2025-08-06 16:45
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a ...
CNB (CCNE) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
ZACKS· 2025-08-01 14:56
Core Viewpoint - CNB Financial (CCNE) shares have recently experienced a decline of 5.9% over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a minor difference between opening and closing prices, with a long lower wick, suggesting that the stock may have found support after a downtrend [4][5]. - This pattern typically signals that bears may have lost control, indicating a potential trend reversal if buying interest emerges [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for CCNE, which is considered a bullish indicator, as it often leads to price appreciation [7]. - The consensus EPS estimate for the current year has increased by 5% over the last 30 days, indicating that analysts expect better earnings than previously predicted [8]. - CCNE currently holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9][10].
CNB Financial Corporation Completes Merger with ESSA Bancorp, Inc.
Globenewswire· 2025-07-24 12:00
CLEARFIELD, Pa., July 24, 2025 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“CNB” or the “Company”) (NASDAQ: CCNE) announced that it completed the merger (“Merger”) of ESSA Bancorp, Inc. (“ESSA”) with and into CNB on July 23, 2025. In connection with the Merger, ESSA’s subsidiary bank, ESSA Bank & Trust, has been merged with and into CNB’s subsidiary bank, CNB Bank, and ESSA’s offices will operate going forward under the brand of ESSA Bank, a division of CNB Bank. The transaction has extended CNB Bank’s b ...
CNB Financial (CCNE) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2025-07-22 22:21
CNB Financial (CCNE) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +8.62%. A quarter ago, it was expected that this bank holding company would post earnings of $0.53 per share when it actually produced earnings of $0.57, delivering a surprise of +7.55%.Over the last four quarters, t ...
CNB Financial(CCNE) - 2025 Q2 - Quarterly Results
2025-07-22 20:15
News Release Contact: Tito L. Lima Treasurer (814) 765-9621 FOR IMMEDIATE RELEASE CNB FINANCIAL CORPORATION REPORTS SECOND QUARTER 2025 RESULTS Clearfield, Pennsylvania – July 22, 2025 • Book value per common share was $27.44 and $27.01 at June 30, 2025 and March 31, 2025, respectively. Excluding after-tax merger costs, book value per common share was $27.53, reflecting an increase of $0.45, or 6.67% (annualized), from $27.08 at March 31, 2025 and a year-over-year increase of $2.34, or 9.29%, from $25.19 at ...
CNB Financial Corporation Reports Second Quarter 2025 Results
Globenewswire· 2025-07-22 20:05
CLEARFIELD, Pa., July 22, 2025 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three and six months ended June 30, 2025. Key Financial Trends Earnings - Net income available to common shareholders ("earnings") was $12.9 million, or $0.61 per diluted share, and $10.4 million, or $0.50 per diluted share, for the three months ended June 30, 2025 and March 31, 2025, respectively. Excluding after-tax merger costs, ...
Why CNB Financial (CCNE) is a Top Dividend Stock for Your Portfolio
ZACKS· 2025-07-21 16:46
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a ...
CNB Financial (CCNE) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2025-07-03 16:46
Company Overview - CNB Financial (CCNE) is a bank holding company headquartered in Clearfield, with a year-to-date price change of -3.46% [3] - The company currently pays a dividend of $0.18 per share, resulting in a dividend yield of 3%, which is higher than the Banks - Northeast industry's yield of 2.78% and the S&P 500's yield of 1.53% [3] Dividend Performance - The current annualized dividend of CNB Financial is $0.72, reflecting a 1.4% increase from the previous year [4] - Over the past five years, CNB Financial has increased its dividend two times year-over-year, with an average annual increase of 1.17% [4] - The company's current payout ratio is 30%, indicating that it pays out 30% of its trailing 12-month earnings per share as dividends [4] Earnings Expectations - CNB Financial is expected to see earnings growth in the current fiscal year, with the Zacks Consensus Estimate for 2025 at $2.64 per share, representing a 10.46% increase from the previous year [5] Investment Appeal - Dividends are favored by investors for various reasons, including tax advantages and reduced overall portfolio risk, which can enhance stock investing profits [6] - High-growth firms typically do not provide dividends, while established companies with secure profits are viewed as better dividend options [7] - CNB Financial is considered an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]
CNB Financial Corporation and ESSA Bancorp, Inc. Receive Bank Regulatory Approvals for Merger
Globenewswire· 2025-06-30 20:05
Core Viewpoint - CNB Financial Corporation and ESSA Bancorp Inc. have received necessary regulatory approvals to proceed with their proposed merger, which is expected to close on July 23, 2025, pending customary closing conditions [1][2]. Group 1: Merger Details - The merger involves ESSA merging with CNB in an all-stock transaction, followed by the merger of ESSA Bank with CNB Bank [2]. - The Federal Deposit Insurance Corporation and the Pennsylvania Department of Banking and Securities have approved the merger, and CNB received a waiver from the Federal Reserve Bank of Philadelphia [1][2]. Group 2: Company Profiles - CNB Financial Corporation has consolidated assets of approximately $6.3 billion and operates through its principal subsidiary, CNB Bank, which offers a full range of banking services across multiple states [3]. - ESSA Bancorp, Inc. has total assets of $2.2 billion and operates 19 community offices, providing a full range of commercial and retail financial services [4].