NASDAQ : CCNE
CNB Financial Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 35.61 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.04B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 412.67M | 350.94M | 293.54M | 273.22M | 196.04M | 166.54M |
| Interest Income on Investments | 45.57M | 41.40M | 31.93M | 20.47M | 17.70M | 13.06M |
| Total Interest Income | 458.24M | 392.35M | 325.47M | 293.70M | 213.74M | 179.60M |
| Interest Paid on Deposits | 148.25M | 140.56M | 133.49M | 97.77M | 19.83M | 15.06M |
| Interest Paid on Borrowings | 9.74M | 9.74M | 4.51M | 6.10M | 4.25M | 4.76M |
| Total Interest Expense | 157.99M | 150.31M | 138.00M | 103.87M | 24.08M | 19.82M |
| Net Interest Income | 300.25M | 242.04M | 187.47M | 189.83M | 189.66M | 159.78M |
| Trust Income | 12.68M | 10.19M | 7.84M | 7.25M | 7.17M | 6.74M |
| Mortgage Banking Activities | 1.34M | 756.00K | 673.00K | 676.00K | 1.24M | 3.15M |
| Gain (Loss) on Sale of Assets | 160.00K | 160.00K | -53.00K | -27.00K | 170.00K | -230.00K |
| Gain (Loss) on Sale of Investments | 2.00M | 2.43M | 828.00K | -335.00K | -498.00K | 1.57M |
| Other Non-Interest Income | 20.29M | 18.83M | 22.83M | 18.40M | 19.48M | 16.01M |
| Total Non-Interest Income | 44.87M | 40.16M | 39.11M | 33.34M | 34.77M | 33.43M |
| Revenues Before Loan Losses | 345.12M | 282.20M | 226.58M | 223.16M | 224.43M | 193.21M |
| Provision for Loan Losses | 7.14M | 8.86M | 9.22M | 5.99M | 8.59M | 6.00M |
| Revenue | 337.99M | 273.35M | 217.36M | 217.17M | 215.84M | 187.21M |
| Salaries and Employee Benefits | 96.20M | 87.05M | 72.31M | 69.32M | 70.13M | 59.69M |
| Occupancy Expenses | 17.26M | 14.63M | 11.66M | 11.55M | 11.05M | 10.60M |
| Federal Deposit Insurance | 4.28M | 4.06M | 3.72M | 3.88M | 2.80M | 2.51M |
| Amortization of Goodwill & Intangibles | 4.08M | 1.85M | 73.00K | 84.00K | ||
| Selling, General & Administrative | 43.29M | 37.31M | 33.87M | 32.45M | 27.68M | 20.59M |
| Other Non-Interest Expense | 38.16M | 32.15M | 28.37M | 28.06M | 25.97M | 23.05M |
| Total Non-Interest Expense | 203.28M | 177.06M | 150.00M | 145.34M | 137.62M | 116.43M |
| EBT Excluding Unusual Items | 134.70M | 96.29M | 67.36M | 71.83M | 78.21M | 70.78M |
| Pretax Income | 126.92M | 82.47M | 67.36M | 71.83M | 78.21M | 70.78M |
| Income Tax Expense | 22.81M | 16.33M | 12.78M | 13.81M | 15.03M | 13.07M |
| Net Income | 104.11M | 66.13M | 54.58M | 58.02M | 63.19M | 57.71M |
| Preferred Dividends & Other Adjustments | 5.15M | 4.78M | 4.69M | 4.58M | 4.53M | 4.49M |
| Net Income to Common | 98.96M | 61.35M | 49.88M | 53.44M | 58.66M | 53.22M |
| Basic Shares Outstanding | 29.35M | 24.59M | 20.84M | 20.90M | 17.99M | 16.82M |
| Diluted Shares Outstanding | 29.48M | 24.67M | 20.90M | 20.94M | 18.02M | 16.82M |
| EPS (Basic) | 3.37 | 2.50 | 2.39 | 2.56 | 3.26 | 3.16 |
| EPS (Diluted) | 3.36 | 2.49 | 2.39 | 2.55 | 3.26 | 3.16 |
| Dividend Per Share | 0.75 | 0.72 | 0.71 | 0.70 | 0.70 | 0.69 |
| Effective Tax Rate | 17.97% | 19.81% | 18.98% | 19.23% | 19.21% | 18.47% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 325.35M | 526.60M | 442.86M | 221.87M | 105.91M | 727.70M |
| Investment Securities | 875.04M | 503.06M | 430.30M | 492.69M | 501.90M | 292.72M |
| Trading Asset Securities | 5.87M | 423.00K | 1.01M | 1.85M | 2.12M | |
| Mortgage-Backed Securities | 392.82M | 395.49M | 277.54M | 314.60M | 434.63M | |
| Total Investments | 875.04M | 901.75M | 826.21M | 771.25M | 818.35M | 729.48M |
| Gross Loans | 6.62B | 6.50B | 4.61B | 4.47B | 4.28B | 3.64B |
| Allowance for Loan Losses | -68.57M | -67.06M | -47.36M | -45.83M | -43.44M | -37.59M |
| Other Adjustments to Gross Loans | -1.49M | -4.77M | -5.70M | -5.97M | -5.72M | |
| Net Loans | 6.55B | 6.43B | 4.56B | 4.42B | 4.23B | 3.60B |
| Property, Plant & Equipment | 148.51M | 128.73M | 109.40M | 100.84M | 81.59M | |
| Goodwill | 88.39M | 43.75M | 43.75M | 43.75M | 43.75M | |
| Other Intangible Assets | 118.11M | 33.82M | 331.00K | 405.00K | 364.00K | 460.00K |
| Loans Held for Sale | 1.10M | 2.52M | 762.00K | 675.00K | 231.00K | 849.00K |
| Accrued Interest Receivable | 34.32M | 24.74M | 24.32M | 20.19M | 15.52M | |
| Restricted Cash | 1.30M | 173.00K | 173.00K | 373.00K | 4.50M | |
| Other Real Estate Owned & Foreclosed | 3.14M | 2.28M | 2.51M | 2.11M | 1.44M | 707.00K |
| Other Long-Term Assets | 510.33M | 230.26M | 160.35M | 156.36M | 151.98M | 123.71M |
| Total Assets | 8.39B | 8.40B | 6.19B | 5.75B | 5.48B | 5.33B |
| Interest Bearing Deposits | 5.89B | 5.74B | 4.42B | 4.17B | 3.59B | 3.81B |
| Institutional Deposits | 194.30M | 131.10M | 100.20M | 135.40M | 116.60M | |
| Non-Interest Bearing Deposits | 1.16B | 1.09B | 819.68M | 728.88M | 898.44M | 792.09M |
| Total Deposits | 7.05B | 7.03B | 5.37B | 5.00B | 4.62B | 4.72B |
| Short-Term Borrowings | 164.00M | 169.87M | 423.00K | 1.01M | 134.10M | 2.51M |
| Current Portion of Leases | 4.74M | |||||
| Accrued Interest Payable | 59.72M | 37.07M | 3.55M | 1.84M | 886.00K | |
| Other Current Liabilities | 77.97M | 88.12M | ||||
| Long-Term Debt | 35.00M | 84.87M | 84.57M | 84.27M | 83.96M | 83.66M |
| Long-Term Leases | 57.05M | 55.47M | 37.94M | 34.11M | 21.63M | |
| Trust Preferred Securities | 20.62M | 20.62M | 20.62M | 20.62M | 20.62M | 20.62M |
| Pension & Post-Retirement Benefits | 12.20M | 11.80M | 11.30M | 11.30M | 10.30M | |
| Other Long-Term Liabilities | 127.11M | 24.27M | 36.05M | 30.87M | ||
| Total Liabilities | 7.47B | 7.52B | 5.58B | 5.18B | 4.94B | 4.89B |
| Preferred Stock, Redeemable | 57.78M | 57.78M | 57.78M | 57.78M | 57.78M | 57.78M |
| Additional Paid-In Capital | 425.55M | 422.65M | 219.88M | 220.50M | 221.55M | 127.35M |
| Retained Earnings | 488.22M | 424.94M | 381.30M | 345.94M | 306.91M | 260.58M |
| Treasury Stock | -3.17M | -2.58M | -4.69M | -6.89M | -2.97M | -2.48M |
| Comprehensive Income & Other | -55.84M | -30.66M | -43.57M | -46.08M | -52.52M | -394.00K |
| Total Common Equity | 854.76M | 814.34M | 552.91M | 513.46M | 472.98M | 385.06M |
| Shareholders' Equity | 912.55M | 872.13M | 610.70M | 571.25M | 530.76M | 442.85M |
| Total Liabilities & Equity | 8.39B | 8.40B | 6.19B | 5.75B | 5.48B | 5.33B |
| Total Debt | 219.62M | 337.17M | 161.08M | 143.84M | 272.79M | 128.42M |
| Net Cash (Debt) | 105.72M | 195.30M | 282.21M | 79.04M | -165.03M | 601.40M |
| Net Cash Per Share | 3.59 | 7.92 | 13.50 | 3.77 | -9.16 | 35.76 |
| Filing Date Shares Outstanding | 29.32M | 29.39M | 20.80M | 20.90M | 21.05M | 16.84M |
| Total Common Shares Outstanding | 29.32M | 29.23M | 20.81M | 20.77M | 21.05M | 16.79M |
| Book Value Per Share | 29.15 | 27.86 | 26.57 | 24.72 | 22.47 | 22.94 |
| Tangible Book Value | 736.65M | 692.14M | 508.83M | 469.31M | 428.86M | 340.85M |
| Tangible Book Value Per Share | 25.13 | 23.68 | 24.45 | 22.59 | 20.37 | 20.31 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 66.13M | 54.58M | 58.02M | 63.19M | 57.71M | |
| Depreciation & Amortization | 10.91M | 8.27M | 7.74M | 6.57M | 6.24M | |
| Other Amortization | 304.00K | 303.00K | 303.00K | 303.00K | 177.00K | |
| Gain (Loss) on Sale of Assets | -160.00K | 53.00K | 27.00K | -170.00K | 230.00K | |
| Gain (Loss) on Sale of Investments | -15.36M | -5.41M | -2.82M | -2.82M | -3.70M | |
| Provision for Credit Losses | 8.86M | 9.22M | 5.99M | 8.59M | 6.00M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -1.14M | -517.00K | -1.61M | -5.03M | -153.00K | |
| Accrued Interest Receivable | 1.81M | 389.00K | -5.89M | -19.07M | -1.06M | |
| Other Operating Activities | 1.51M | -4.29M | -1.83M | -7.14M | -13.07M | |
| Operating Cash Flow | 64.98M | 71.51M | 47.02M | 64.05M | 58.92M | |
| Capital Expenditures | -6.33M | -16.28M | -10.85M | -12.29M | -6.48M | |
| Sale of Property, Plant and Equipment | 5.61M | 8.73M | 52.00K | 496.00K | 746.00K | |
| Cash Acquisitions | 27.40M | |||||
| Investment in Securities | 197.11M | -41.10M | 53.36M | -146.49M | -137.03M | |
| Purchase / Sale of Intangibles | -125.00K | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -204.99M | -143.93M | -192.60M | -630.61M | -244.12M | |
| Other Investing Activities | 8.84M | -10.69M | 704.00K | -15.81M | -22.87M | |
| Investing Cash Flow | 27.64M | -203.28M | -149.46M | -804.70M | -409.76M | |
| Short-Term Debt Issued | 132.40M | |||||
| Long-Term Debt Issued | 83.48M | |||||
| Total Debt Issued | 132.40M | 83.48M | ||||
| Short-Term Debt Repaid | -273.00M | -132.40M | ||||
| Long-Term Debt Repaid | -50.00M | |||||
| Total Debt Repaid | -273.00M | -132.40M | -50.00M | |||
| Net Debt Issued (Repaid) | -273.00M | -132.40M | 132.40M | 33.48M | ||
| Issuance of Common Stock | 94.05M | |||||
| Repurchase of Common Stock | -333.00K | -643.00K | -6.72M | -1.67M | -1.16M | |
| Common Dividends Paid | -18.19M | -14.91M | -14.69M | -12.56M | -11.55M | |
| Preferred Dividends Paid | -4.30M | -4.30M | -4.30M | -4.30M | -4.30M | |
| Total Dividends Paid | -22.49M | -19.21M | -19.00M | -16.86M | -15.85M | |
| Net Increase (Decrease) in Deposit Accounts | 288.06M | 372.61M | 376.31M | -93.18M | 533.88M | |
| Financing Cash Flow | -7.77M | 352.76M | 218.20M | 114.73M | 550.34M | |
| Net Cash Flow | 84.86M | 220.99M | 115.76M | -625.91M | 199.50M | |
| Free Cash Flow | 58.65M | 55.23M | 36.18M | 51.76M | 52.44M | |
| Free Cash Flow Margin | 21.46% | 25.41% | 16.66% | 23.98% | 28.01% | |
| Free Cash Flow Per Share | 2.38 | 2.64 | 1.73 | 2.87 | 3.12 | |
| Cash Interest Paid | 150.14M | 134.40M | 102.16M | 26.80M | 20.03M | |
| Cash Income Tax Paid | 10.65M | 12.91M | 12.01M | 17.42M | 11.79M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.04B | 764.82M | 517.30M | 469.14M | 500.39M | 445.83M |
| Last Close Price | 35.46 | 25.70 | 23.71 | 20.87 | 21.21 | 22.99 |
| PE Ratio | 10.56 | 12.47 | 10.37 | 8.78 | 8.53 | 8.38 |
| PS Ratio | 3.08 | 2.80 | 2.38 | 2.16 | 2.32 | 2.38 |
| PB Ratio | 1.22 | 0.88 | 0.85 | 0.82 | 0.94 | 1.01 |
| P/FCF Ratio | 12.13 | 13.04 | 9.37 | 12.97 | 9.67 | 8.50 |
| P/OCF Ratio | 11.65 | 11.77 | 7.23 | 9.98 | 7.81 | 7.57 |
| Debt / Equity Ratio | 0.24 | 0.39 | 0.26 | 0.25 | 0.51 | 0.29 |
| Debt / FCF Ratio | 5.75 | 2.92 | 3.98 | 5.27 | 2.45 | |
| Net Debt / Equity Ratio | -0.12 | -0.22 | -0.46 | -0.14 | 0.31 | -1.36 |
| Net Debt / FCF Ratio | -3.33 | -5.11 | -2.19 | 3.19 | -11.47 | |
| Return on Equity (ROE) | 11.85% | 8.92% | 9.23% | 10.53% | 12.98% | 13.44% |
| Return on Assets (ROA) | 1.25% | 0.91% | 0.91% | 1.03% | 1.17% | 1.15% |
| Earnings Yield | 9.47% | 8.65% | 10.55% | 12.37% | 12.63% | 12.94% |
| FCF Yield | 8.24% | 7.67% | 10.68% | 7.71% | 10.35% | 11.76% |
| Dividend Yield | 2.14% | 2.75% | 2.86% | 3.10% | 2.94% | 2.58% |
| Payout Ratio | 22.63% | 34.01% | 35.21% | 32.74% | 26.68% | 27.47% |
| Buyback Yield / Dilution | -30.92% | -18.03% | 0.21% | -16.23% | -7.13% | -5.12% |
| Total Shareholder Return | -28.77% | -15.28% | 3.07% | -13.13% | -4.19% | -2.55% |