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Cnb Financial Corp  (NASDAQ: CCNE)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $25.8500 $0.42 1.652%
Day's High: $25.95 Week Perf: 2.46 %
Day's Low: $ 25.53 30 Day Perf: 4.95 %
Volume (M): 109 52 Wk High: $ 29.29
Volume (M$): $ 2,828 52 Wk Avg: $22.66
Open: $25.68 52 Wk Low: $17.74



 Market Capitalization (Millions $) 541
 Shares Outstanding (Millions) 21
 Employees 503
 Revenues (TTM) (Millions $) 217
 Net Income (TTM) (Millions $) 53
 Cash Flow (TTM) (Millions $) 178
 Capital Exp. (TTM) (Millions $) 15

Cnb Financial Corp

CNB Bank was incorporated in 1934 and is chartered in the Commonwealth of Pennsylvania. ERIEBANK, a division of CNB Bank, began operations in 2005. In October 2013, the Corporation acquired FC Banc Corp. and its subsidiary, Farmers Citizens Bank. Farmers Citizens Bank served the central Ohio markets of Bucyrus, Cardington, Fredericktown, Mount Hope and Shiloh, as well as the markets of Worthington and Upper Arlington in the greater Columbus, Ohio area, with 8 branch locations. The Corporation is continuing to operate these 8 branch locations as FCBank, a division of CNB Bank, with local decision making and oversight. An additional FCBank full service branch location was opened in 2014 in Dublin, Ohio.

The Bank has 38 full service branch offices and two loan production offices located in various communities in its market area. CNB Bank’s primary market area includes the Pennsylvania counties of Cambria, Cameron, Centre, Clearfield, Crawford, Elk, Indiana, Jefferson, and McKean. As ERIEBANK, a division of CNB Bank, the Bank operates in the Pennsylvania counties of Crawford, Erie, and Warren. As FCBank, a division of CNB Bank, the Bank operates in the Ohio counties of Crawford, Richland, Ashland, Wayne, Marion, Morrow, Knox, Holmes, Delaware, and Franklin.


The Bank is a full service bank engaging in a full range of banking activities and services for individual, business, governmental and institutional customers. These activities and services principally include checking, savings, and time deposit accounts; real estate, commercial, industrial, residential and consumer loans; and a variety of other specialized financial services. The Bank’s Wealth & Asset Management Services division offers a full range of client services.

As a bank holding company that controls a Pennsylvania state-chartered bank, the Corporation is subject to regulation and examination by the Pennsylvania Department of Banking and the Federal Reserve Board. We are required to file with the Federal Reserve Board an annual report and such additional information as the Federal Reserve Board may require pursuant to the BHC Act, and applicable regulations. For instance, the BHC Act requires each bank holding company to obtain the approval of the Federal Reserve Board before it may acquire substantially all the assets of any bank, or before it may acquire ownership or control of any voting shares of any bank if, after such acquisition, it would own or control, directly or indirectly, more than five percent of any class of voting shares of such bank. Such a transaction may also require approval of the Pennsylvania Department of Banking.


Pursuant to provisions of the BHC Act and regulations promulgated by the Federal Reserve Board thereunder, the Corporation may only engage in, or own companies that engage in, activities deemed by the Federal Reserve Board to be permissible for bank holding companies or financial holding companies. Activities permissible for bank holding companies are those that are so closely related to the business of banking or managing or controlling banks as to be a proper incident thereto. Permissible activities for financial holding companies include those “so closely related to banking” as well as certain additional activities deemed “financial in nature.” The Corporation must obtain permission from or provide notice to the Federal Reserve Board prior to engaging in most new business activities.


Under Federal Reserve Board regulations, a bank holding company is required to serve as a source of financial and managerial strength to its subsidiary banks and may not conduct its operations in an unsafe or unsound manner. In addition, it is the Federal Reserve Board’s policy that in serving as a source of strength to its subsidiary banks, a bank holding company should stand ready to use available resources to provide adequate capital funds to its subsidiary banks during periods of financial stress or adversity and should maintain the financial flexibility and capital-raising capacity to obtain additional resources for assisting its subsidiary banks. A bank holding company’s failure to meet its obligations to serve as a source of strength to its subsidiary banks will generally be considered by the Federal Reserve Board to be an unsafe and unsound banking practice or a violation of the Federal Reserve Board regulations or both. This doctrine is commonly known as the “source of strength” doctrine.



   Company Address: 1 South Second Street Clearfield 16830 PA
   Company Phone Number: 765-9621   Stock Exchange / Ticker: NASDAQ CCNE


Customers Net Income fell by CCNE's Customers Net Profit Margin fell to

-25 %

13.37 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        0.54% 
CFG   -1.47%    
FCNCA   -2.05%    
FITB   -0.02%    
MTB        0.38% 
NTRS        1.34% 
• View Complete Report
   



Merger and Acquisition

Major Merger in Pennsylvania: CNB Financial and ESSA Bancorp Join Forces to Create $8 Billion Banking Powerhouse

Published Fri, Jan 10 2025 12:31 PM UTC

Breaking News:CLEARFIELD, PA and STROUDSBURG, PA, Jan. 10, 2025 ? In a significant development in the regional banking landscape, CNB Financial Corporation (Nasdaq: CCNE) announced today that it has entered into a definitive agreement to merge with ESSA Bancorp, Inc. (Nasdaq: ESSA). This strategic consolidation will see ESSA amalgamating with CNB, and ESSA Bank merging into ...

Dividend

CNB Financial Corporation Declares Quarterly Dividend, Fuels Investor Confidence

Published Tue, Aug 13 2024 8:05 PM UTC



CNB Financial Corporation, a prominent financial institution listed on Nasdaq under the ticker symbol CCNE, has recently announced a quarterly cash dividend for its common stock. This news comes as the company s stock continues to experience a significant upward trajectory in value, showcasing its robust performance over the past year. The combination of the divide...

Dividend

CNB Financial Corporation Declares Cash Dividend, Reflecting Commitment to Shareholders Amid Economic Uncertainty

Published Thu, Aug 1 2024 8:06 PM UTC

CNB Financial Corporation Declares Quarterly Cash Dividend of $0.4453125 Per Depositary Share
Clearfield, PA In a significant financial announcement, CNB Financial Corporation (Nasdaq: CCNE) revealed the declaration of a quarterly cash dividend of $0.4453125 per depositary share, stemming from the Board of Directors? decision on its Series A Preferred Stock. This div...

Dividend

CNB Financial Corporation Declares Quarterly Dividend for Common Stock

Published Tue, May 14 2024 8:06 PM UTC



CNB Financial Corporation, a leading financial institution, has announced its quarterly cash dividend for common stock shareholders. The Board of Directors declared a dividend of $0.175 per share, with a payment date scheduled for June 14, 2024. This article will provide an overview of the dividend announcement and shed light on CNB Financial Corporation s recent p...

Cnb Financial Corp

CNB Financial Corporation (CCNE) Reports Significant Decline in EPS and Revenue for Q1 20242.

The recent disappointing financial results announced by CNB Financial Corporation (NASDAQ: CCNE) have sent shockwaves through the investment community, with EPS deteriorating by a staggering -24.66% to $0.55 from $0.73 and revenue sinking by -2.82% to $52.86 million in the January to March 31, 2024 interval compared to the same period last year. This marks a significant decline from the prior reporting season, where income improved slightly but revenue still decreased by -4.915% from $55.59 million.
Earnings for the January to March 31, 2024 interval also took a hit, falling by -23.59% to $12.600 million from $16.489 million in the corresponding period a year before. Operating margin further deteriorated to 29.2%, and net margin shrank to 23.84%. Operating earnings fell by -24.35% to $15.433 million, squeezing CNB Financial Corporation's operating margin to 29.2%, from 37.51% in the first quarter of 2023.







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