Trade CNB Financial Corp/PA - CCNE CFD

CNB Financial Company profile

About CNB Financial Corp

CNB Financial Corporation is a financial holding company that operates business primarily through its principal subsidiary, CNB Bank (the Bank). The Bank is a full-service bank, which is engaged in a 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, over two loan production offices, over one drive-up office and approximately 44 full-service offices in Pennsylvania, Ohio, New York and Virginia. Its divisions include ERIEBANK, which is based in Erie, Pennsylvania with offices in northwest Pennsylvania and northeast Ohio; FCBank, which is based in Worthington, Ohio with offices in central Ohio; BankOnBuffalo, which is based in Buffalo, New York with offices in northern New York, and Ridge View Bank, which has a loan production office in Roanoke, Virginia.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, CNB Financial Corp interest income increased 7% to $179.6M. Net interest income after loan loss provision increased 27% to $153.8M. Net income applicable to common stockholders increased 69% to $53.2M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % increase of 1% to 3.38%, Net Interest Spread, Total - % increase of 3% to 3.27%.

Equity composition

Common Stock $0 Par, 06/11, 50M auth., 12,599,603 issd., less 293,964 shs. in Treas. @ $4.4M. Insiders own 6.49%. IPO: N/A. FY'02 Q's are restated. Summ. Qs reflect restatement. FY'99 Q's are restated. FY'98-99 fincls. are reclassified.