CNB COMMUNITY BANCORP, INC. REPORTS SECOND QUARTER 2025 RESULTS

Core Insights - CNB Community Bancorp, Inc. reported a net income of $3.0 million for Q2 2025, reflecting a 2.8% increase from $2.9 million in Q2 2024, driven by higher net interest income and noninterest income, particularly from Wealth Management [1] - Basic earnings per share rose to $1.48 in Q2 2025, up $0.13 from $1.35 in Q2 2024, while net income for the first half of 2025 remained stable at $5.7 million compared to the same period in 2024 [2] - The annualized return on average assets (ROA) decreased to 0.95% in Q2 2025, down from 0.96% in Q2 2024, and the return on average equity (ROE) also declined to 11.71% from 11.98% [3] Financial Performance - Total assets increased by $32.3 million, or 2.6%, to $1.28 billion year-over-year, while net loans rose by $47.8 million, or 4.7%, to $1.06 billion [7] - Total deposits grew by $56.3 million, or 5.4%, to $1.10 billion compared to $1.05 billion a year earlier [7] - Book value per share increased by $5.01, or 10.9%, to $51.15 as of June 30, 2025, compared to $46.14 a year prior [7] Management Commentary - The President and CEO emphasized the company's financial strength in navigating economic challenges, highlighting the ability to gather deposits and lend within communities [4] - The company maintains a solid capital position, allowing for recent dividend increases to shareholders, reinforcing its commitment to providing quality returns [4] Company Overview - CNB Community Bancorp, Inc. is a one-bank holding company established in 2005, with its subsidiary, County National Bank, providing full-service banking since 1934 [6]