CNB Financial (CCNE) Tops Q2 Earnings and Revenue Estimates

Group 1: Earnings Performance - CNB Financial (CCNE) reported quarterly earnings of $0.63 per share, exceeding the Zacks Consensus Estimate of $0.58 per share, and up from $0.56 per share a year ago, representing an earnings surprise of +8.62% [1] - Over the last four quarters, CNB has surpassed consensus EPS estimates four times, with revenues of $61.8 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 5.46%, compared to year-ago revenues of $54.58 million [2] Group 2: Stock Performance and Outlook - CNB shares have declined approximately 4.5% since the beginning of the year, while the S&P 500 has gained 7.2% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] Group 3: Earnings Estimate Revisions - The trend for estimate revisions for CNB was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] - The current consensus EPS estimate for the coming quarter is $0.74 on revenues of $75.6 million, and $2.64 on revenues of $275 million for the current fiscal year [7] Group 4: Industry Context - The Zacks Industry Rank for Banks - Northeast, to which CNB belongs, is currently in the top 30% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]