CNB Financial(CCNE)

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CNB Financial(CCNE) - 2024 Q2 - Quarterly Report
2024-08-07 20:17
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, 2024 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 ...
CNB Financial (CCNE) Q2 Earnings Surpass Estimates
ZACKS· 2024-07-18 22:25
CNB Financial (CCNE) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items. CNB, which belongs to the Zacks Banks - Northeast industry, posted revenues of $54.58 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.30%. This compares to year-ago revenues of $55.55 million. The company has topped consensus revenue est ...
CNB Financial(CCNE) - 2024 Q2 - Quarterly Results
2024-07-18 20:13
News Release CNB FINANCIAL CORPORATION REPORTS SECOND QUARTER 2024 RESULTS 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, 2024. • Net income available to common shareholders ("earnings") was $11.9 million, or $0.56 per diluted share, for the three months ended June 30, 2024, compared to earnings of $11.5 million, or $0.55 per diluted share, for the three months ended March 31, 2024. The quarte ...
CNB Financial Corporation Reports Second Quarter 2024 Results
Newsfilter· 2024-07-18 20:05
| --- | --- | |----------|----------| | | | | $ 37,424 | $ 35,988 | | 20 | 23 | | $ 37,404 | $ 35,965 | | $ 8,955 | $ 8,293 | | $ 45,222 | $ 47,260 | | 1,337 | 1,349 | | 1,932 | 1,906 | | 45,817 | 47,817 | | $ 54,772 | $ 56,110 | CNB FINANCIAL CORPORATION CONSOLIDATED FINANCIAL DATA Unaudited (dollars in thousands, except per share data) Reconciliation of Non-GAAP Financial Measures | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------|-------|----------------- ...
CNB Financial Corporation Reports Second Quarter 2024 Results
GlobeNewswire News Room· 2024-07-18 20:05
CLEARFIELD, Pa., July 18, 2024 (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, 2024. Executive Summary Net income available to common shareholders ("earnings") was $11.9 million, or $0.56 per diluted share, for the three months ended June 30, 2024, compared to earnings of $11.5 million, or $0.55 per diluted share, for the three months ended March 31, 2024. The quarterly incr ...
CNB BANK Announces Management Promotion and Appointments
Newsfilter· 2024-07-11 20:05
Management Changes - Mr. Michael Noah has been promoted to Executive Vice President and Chief Operating Officer, responsible for implementing loan and deposit growth strategies across the Bank's divisions [1][5][8] - Mr. Richard Greslick has been appointed as Senior Executive Vice President and Chief Administrative Officer, overseeing back-office operations, employee resources, and retail lending [2][10] - Mr. Martin Griffith has been appointed as Senior Executive Vice President and Chief Revenue Officer, focusing on growth and revenue generation strategies in commercial banking, private banking, and wealth management [3][6] Company Overview - CNB Financial Corporation has consolidated assets of approximately $5.9 billion and operates through its principal subsidiary, CNB Bank, which offers a full range of banking services [9] - CNB Bank has a diverse operational structure, including a private banking division, multiple loan production offices, and 52 full-service offices across Pennsylvania, Ohio, New York, and Virginia [9]
CNB BANK Announces Management Promotion and Appointments
GlobeNewswire News Room· 2024-07-11 20:05
CLEARFIELD, Pa., July 11, 2024 (GLOBE NEWSWIRE) -- CNB Bank ("Bank"), the wholly-owned banking subsidiary of CNB Financial Corporation ("Corporation") (NASDAQ: CCNE), today announced senior management changes as approved by the Board of Directors at a meeting held on July 9, 2024. Mr. Richard Greslick has been appointed as Senior Executive Vice President and Chief Administrative Officer for CNB Bank. Mr. Greslick has been with CNB Bank since 1998, and previously held several senior management positions incl ...
CNB Financial Corporation Announces Quarterly Dividend For Series A Preferred Stock and Related Depositary Shares Distribution
Newsfilter· 2024-05-02 20:05
CLEARFIELD, Pa., May 02, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (NASDAQ:CCNE) (the "Corporation") has announced the declaration of a quarterly cash dividend of $0.4453125 per depositary share (NASDAQ:CCNEP), resulting from the Corporation's declaration of a quarterly cash dividend of $17.8125 per share on its Series A Preferred Stock. The dividend is payable on May 31, 2024, to holders of record as of May 17, 2024. CNB Financial Corporation is a financial holding compan ...
CNB Financial(CCNE) - 2024 Q1 - Quarterly Report
2024-05-01 20:16
Table of Contents Table of Contents 4 Table of Contents Table of Contents CNB Financial Corporation (the "Corporation") is headquartered in Clearfield, Pennsylvania, and provides a full range of banking and related services through its wholly owned subsidiary, CNB Bank (the "Bank"). In addition, the Bank provides wealth and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans as well as a full range of wealth management services. T ...
CNB Financial (CCNE) Beats Q1 Earnings Estimates
Zacks Investment Research· 2024-04-15 22:16
CNB Financial (CCNE) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.77%. A quarter ago, it was expected that this bank holding company would post earnings of $0.54 per share when it actually produced earnings of $0.62, delivering a surprise of 14.81%.Over the last four quarters, th ...