CNB Financial Corporation (CCNE) Income Statement Analysis

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Complete financial analysis of CNB Financial Corporation (CCNE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of CNB Financial Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.

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CNB Financial Corporation (CCNE)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.cnbbank.bank

About CNB Financial Corporation

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services. It also provides wealth and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans, as well as a range of wealth management services. In addition, the company invests in debt and equity securities; sells nonproprietary annuities and other insurance products; and small balance unsecured loans and secured loans primarily collateralized by automobiles and equipment. As of February 8, 2022, the company operated a private banking division; three loan production office; one drive-up office; and 45 full-service offices in Pennsylvania, Ohio, New York, and Virginia. CNB Financial Corporation was founded in 1865 and is headquartered in Clearfield, Pennsylvania.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Revenue	217.17M	219.62M	189.38M	159.64M	139.28M	122.81M	110.29M	97.09M	89.51M	88.92M	72.97M	65.77M	58.64M	53.85M	47.55M	43.05M	40.10M	36.45M	33.27M	29.97M	31.32M	30.57M	27.26M	25.29M	22.40M	18.60M	3.59M	2.48M	2.32M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-103.00K	0.00	1.53M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	217.17M	219.62M	189.38M	159.64M	139.28M	122.81M	110.29M	97.09M	89.51M	88.92M	72.97M	65.87M	58.64M	52.32M	47.55M	43.05M	40.10M	36.45M	33.27M	29.97M	31.32M	30.57M	27.26M	25.29M	22.40M	18.60M	3.59M	2.48M	2.32M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.16%	100.00%	97.16%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	74.94M	74.26M	63.68M	51.14M	47.66M	43.25M	37.21M	35.12M	30.84M	28.31M	22.98M	20.01M	18.54M	17.31M	17.65M	14.78M	13.19M	11.05M	10.49M	9.99M	9.31M	8.73M	6.15M	6.49M	7.70M	6.50M	5.49M	5.00M	4.83M
Selling & Marketing	3.13M	2.89M	2.08M	1.99M	2.11M	2.35M	2.24M	1.80M	1.58M	1.46M	939.00K	859.00K	822.00K	795.00K	620.00K	792.00K	680.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	78.07M	77.14M	63.68M	51.14M	47.66M	43.25M	37.21M	35.12M	30.84M	28.31M	22.98M	20.01M	18.54M	17.31M	18.27M	15.57M	13.87M	11.05M	10.49M	9.99M	9.31M	8.73M	6.15M	6.49M	7.70M	6.50M	5.49M	5.00M	4.83M
Other Expenses	0.00	-48.88M	-182.28M	-170.68M	-138.30M	-106.58M	-21.65M	-22.70M	0.00	0.00	0.00	0.00	-216.00K	2.24M	2.44M	-31.54M	-18.64M	-13.68M	-15.67M	-17.00M	-15.37M	-12.64M	-5.46M	-4.71M	-7.40M	-5.20M	8.49M	8.05M	7.07M
Operating Expenses	113.32M	7.06M	-118.60M	-119.55M	-90.64M	-55.63M	4.06M	3.57M	3.13M	2.82M	2.26M	2.12M	1.78M	1.64M	1.52M	-15.97M	-4.76M	-2.63M	-5.19M	-7.00M	-6.06M	-3.91M	693.00K	1.78M	300.00K	1.30M	13.98M	13.05M	11.89M
Cost & Expenses	113.32M	7.06M	-118.60M	-119.55M	-90.64M	-55.63M	4.06M	3.57M	3.13M	2.82M	2.26M	2.02M	1.78M	3.17M	1.50M	-15.97M	-4.76M	-2.63M	-5.19M	-7.00M	-6.06M	-3.91M	693.00K	1.78M	300.00K	1.30M	13.98M	13.05M	11.89M
Interest Income	293.23M	211.85M	179.60M	167.17M	155.73M	131.87M	108.87M	94.32M	87.18M	86.88M	71.42M	68.13M	65.71M	61.15M	37.40M	57.18M	53.93M	49.15M	41.88M	37.47M	37.59M	39.74M	40.81M	40.65M	35.50M	29.10M	26.21M	23.06M	21.42M
Interest Expense	103.87M	24.08M	19.82M	32.46M	39.53M	26.95M	17.37M	13.03M	12.47M	12.29M	12.21M	14.92M	17.58M	19.06M	18.47M	20.58M	22.92M	20.85M	15.96M	13.13M	13.40M	15.20M	19.15M	19.83M	16.60M	13.50M	11.82M	9.80M	9.22M
Depreciation & Amortization	7.74M	6.57M	6.24M	4.87M	5.75M	4.60M	5.04M	4.34M	1.01M	1.18M	251.00K	2.23M	2.08M	85.00K	2.00M	2.42M	1.08M	1.43M	1.82M	1.76M	2.19M	1.43M	2.49M	2.47M	2.10M	1.00M	1.07M	664.00K	505.00K
EBITDA	79.57M	84.79M	74.59M	0.00	54.60M	45.01M	0.00	0.00	35.01M	36.50M	0.00	25.77M	22.46M	16.90M	18.24M	14.01M	18.97M	18.30M	17.25M	14.14M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA Ratio	36.64%	49.57%	37.43%	25.24%	35.33%	58.62%	53.37%	46.58%	52.51%	54.89%	51.90%	61.87%	68.71%	66.62%	65.89%	68.54%	90.82%	96.70%	89.87%	82.51%	87.65%	91.90%	111.66%	116.81%	110.71%	112.37%	519.66%	654.26%	633.58%
Operating Income	71.83M	102.29M	70.78M	40.09M	48.64M	67.18M	57.63M	44.10M	45.99M	47.62M	37.62M	38.47M	38.21M	35.79M	29.33M	27.09M	35.34M	33.83M	28.08M	22.96M	25.26M	26.67M	27.95M	27.07M	22.70M	19.90M	17.57M	15.53M	14.21M
Operating Income Ratio	33.07%	46.58%	37.37%	25.11%	34.92%	54.70%	52.25%	45.42%	51.38%	53.56%	51.56%	58.49%	65.17%	66.46%	61.69%	62.91%	88.12%	92.79%	84.41%	76.63%	80.65%	87.22%	102.54%	107.03%	101.34%	106.99%	489.93%	627.43%	611.84%
Total Other Income/Expenses	0.00	0.00	2.43M	-12.64M	-170.00K	26.00K	561.00K	-1.97M	-794.00K	-4.11M	-2.38M	-2.23M	216.00K	-581.00K	-2.44M	-3.96M	-900.00K	0.00	-240.00K	-1.40M	-13.40M	-15.20M	-19.15M	-19.83M	-16.60M	-13.50M	-11.82M	-9.95M	-9.22M
Income Before Tax	71.83M	78.21M	70.78M	40.09M	48.64M	40.23M	36.25M	27.71M	30.49M	32.39M	23.02M	23.44M	20.63M	14.79M	10.85M	6.50M	12.42M	12.97M	12.13M	9.84M	11.86M	11.47M	8.81M	7.24M	6.10M	6.40M	5.75M	5.58M	4.99M
Income Before Tax Ratio	33.07%	35.61%	37.37%	25.11%	34.92%	32.76%	32.87%	28.54%	34.06%	36.43%	31.55%	35.65%	35.19%	27.45%	22.82%	15.10%	30.96%	35.58%	36.45%	32.82%	37.87%	37.50%	32.30%	28.61%	27.23%	34.41%	160.26%	225.29%	214.81%
Income Tax Expense	13.81M	15.03M	13.07M	7.35M	8.56M	6.51M	12.39M	7.17M	8.29M	9.31M	6.34M	6.31M	5.53M	3.47M	2.34M	1.27M	3.28M	3.35M	2.99M	1.96M	2.81M	2.80M	2.30M	1.80M	1.50M	1.70M	1.45M	1.45M	1.17M
Net Income	58.02M	63.19M	57.71M	32.74M	40.08M	33.72M	23.86M	20.54M	22.20M	23.07M	16.68M	17.14M	15.10M	11.32M	8.51M	5.24M	9.13M	9.62M	9.14M	7.87M	9.06M	8.67M	6.51M	5.43M	4.60M	4.70M	4.30M	4.28M	3.82M
Net Income Ratio	26.72%	28.77%	30.47%	20.51%	28.78%	27.46%	21.63%	21.16%	24.80%	25.95%	22.86%	26.05%	25.76%	21.01%	17.90%	12.16%	22.78%	26.39%	27.47%	26.27%	28.92%	28.35%	23.88%	21.48%	20.54%	25.27%	119.97%	173.01%	164.31%
EPS	2.35	3.26	3.16	1.97	2.63	2.22	1.57	1.42	1.54	1.60	1.29	1.38	1.23	1.06	0.98	0.61	1.05	1.08	1.01	0.86	0.99	0.95	0.71	0.59	0.50	0.55	0.25	0.50	0.44
EPS Diluted	2.55	3.26	3.16	1.97	2.63	2.22	1.57	1.42	1.54	1.60	1.29	1.38	1.23	1.06	0.98	0.61	1.05	1.07	1.00	0.86	0.98	0.95	0.71	0.59	0.50	0.55	0.25	0.50	0.44
Weighted Avg Shares Out	22.75M	17.99M	16.82M	16.00M	15.16M	15.21M	15.13M	14.38M	14.34M	14.36M	12.88M	12.40M	12.27M	10.60M	8.66M	8.55M	8.68M	8.91M	9.05M	9.15M	9.13M	9.10M	9.14M	9.18M	9.13M	9.12M	8.61M	8.60M	8.60M
Weighted Avg Shares Out (Dil)	20.94M	18.02M	16.82M	16.00M	15.16M	15.21M	15.13M	14.38M	14.34M	14.36M	12.88M	12.40M	12.28M	10.61M	8.67M	8.57M	8.70M	8.99M	9.14M	9.15M	9.20M	9.10M	9.14M	9.18M	9.20M	9.12M	8.61M	8.60M	8.60M

Rasmussen University Offers Accelerated BSN Program With New Hybrid Schedule Option

October 5, 2021businesswire.com

MINNEAPOLIS--(BUSINESS WIRE)--Rasmussen University, a private university accredited by the Higher Learning Commission1, today announced its CCNE-accredited2, accelerated Bachelor of Science in Nursing (BSN) program now offers a new hybrid schedule option for qualified students enrolling in Rasmussen’s North Dakota and...

Peduzzi to Become President & Chief Operating Officer of CNB Bank

August 31, 2021globenewswire.com

CLEARFIELD, Pa., Aug. 31, 2021 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“CNB”) (NASDAQ: CCNE), the parent company of CNB Bank, announced today that Michael D. Peduzzi has been appointed as President and Chief Operating Officer (“COO”) of CNB Bank.

CNB Financial Announces Quarterly Dividend for Common Stock

August 10, 2021globenewswire.com

CLEARFIELD, Pa, Aug. 10, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) (the "Corporation") has announced the declaration of a $0.17 per share of common stock quarterly cash dividend payable on September 15, 2021...

CNB Financial Announces Quarterly Dividend for Series A Preferred Stock and Related Depositary Shares Distribution

August 5, 2021globenewswire.com

CLEARFIELD, Pa., Aug. 05, 2021 (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, resulting from the Corporation's declaration of...

CNB Financial Corporation Reports Second Quarter 2021 Earnings Per Share of $0.76 Compared to $0.54 for Second Quarter 2020

July 20, 2021globenewswire.com

CLEARFIELD, Pa., July 20, 2021 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“CNB” or the “Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the quarter ended June 30, 2021.

CNB Financial (CCNE) to Report Q2 Results: Wall Street Expects Earnings Growth

July 13, 2021zacks.com

CNB (CCNE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CNB Financial Corporation Announces Closing of $85 Million of 3.25% Fixed-to-Floating Rate Subordinated Notes

June 3, 2021globenewswire.com

CLEARFIELD, Pa., June 03, 2021 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“CNB” or the “Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, announced today that it has completed a private placement of $85 million aggregate principal amount of its...

CNB Financial Announces Quarterly Dividend For Common Stock

May 13, 2021globenewswire.com

CLEARFIELD, Pa., May 13, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) (the "Corporation") has announced the declaration of a $0.17 per share of common stock quarterly cash dividend payable on June 15, 2021...

CNB Financial Announces Quarterly Dividend for Series A Preferred Stock and Related Depositary Shares Distribution

May 3, 2021globenewswire.com

CLEARFIELD, Pa., May 03, 2021 (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, resulting from the Corporation's declaration of...