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Cnb Financial Corp  (CCNE)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $19.8400 $-0.15 -0.750%
Day's High: $19.9 Week Perf: -0.6 %
Day's Low: $ 19.44 30 Day Perf: -7.07 %
Volume (M): 46 52 Wk High: $ 24.02
Volume (M$): $ 919 52 Wk Avg: $19.35
Open: $19.83 52 Wk Low: $16.43



 Market Capitalization (Millions $) 415
 Shares Outstanding (Millions) 21
 Employees 454
 Revenues (TTM) (Millions $) 218
 Net Income (TTM) (Millions $) 60
 Cash Flow (TTM) (Millions $) -550
 Capital Exp. (TTM) (Millions $) 21

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
    Next quarterly dividend pay out on March 15, 2024.


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

-5.8 %

17.2 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -0.11%    
CFG        3.94% 
FCNCA   -0.09%    
FITB        4.45% 
MTB        0.88% 
NTRS        3.39% 
• View Complete Report
   



Dividend

CNB Financial Corporation Announces Quarterly Dividend, Attracting Investor Interest

Published Tue, Feb 13 2024 9:06 PM UTC



CNB Financial Corporation, a prominent banking institution listed on the NASDAQ as CCNE, has recently declared a quarterly cash dividend for its common stock. The announcement highlights the Board of Directors' decision to distribute $0.175 per share to eligible common stock shareholders on March 15, 2024. This article delves into the implications of this dividend ...

Dividend

CNB Financial Corporation's Dividend Declaration: A Testament to Confidence or a Business Strategy?

Published Thu, Feb 1 2024 9:06 PM UTC


The board of directors at CNB Financial Corporation (NASDAQ: CCNE), in a press release on February 1, 2024, announced their declaration of a quarterly cash dividend ?? an affirmation of the corporation's commitment to returning capital to its shareholders. The declared dividend of $0.4453125 per depositary share comes as a result of the corporation's declaration of a qu...

Dividend

CNB Financial Corporation Combines Dividend Announcement with Struggling Stock Performance

Published Tue, Nov 14 2023 9:06 PM UTC



CNB Financial Corporation, a leading financial institution, recently announced the declaration of a quarterly cash dividend for its common stock. However, the company's shares have experienced a slight decline over the past five trading days and a significant year-to-date performance decrease. This article will provide a detailed analysis of the press release and a...

Cnb Financial Corp

CCNE Experiences Considerable Earnings per Share Decline throughout Q3 2023, Impacted by Various Factors

Despite facing some challenges in the third quarter of 2023, Cnb Financial Corp (NASDAQ: CCNE) has shown resilience and potential for future growth. The company reported a decrease in income per share compared to the previous year, but it is important to note that the drop was primarily due to the pandemic's impact on the overall industry.
Cnb Financial Corp's income per share dropped by -33.33% to $0.60 per share, compared to $0.90 a year prior. However, it is worth noting that the entire Regional Banks industry experienced a decline, making Cnb Financial Corp's performance relatively impressive. Additionally, the company's income per share only decreased by -1.64% from the previous reporting period, indicating a level of stability.
Though the revenue contracted by -4.814% to $54.04 million from $56.78 million in the comparable reporting period a year prior, it is important to keep in mind that the overall industry recorded a revenue decline as well. Furthermore, Cnb Financial Corp's sequentially increased revenue by 1.684% from $53.15 million, which indicates a significant recovery from previous periods.

Cnb Financial Corp

CNB Financial Corp Battles Surprising Yield Drop Amidst Revenue Boost in Q2 2023

Cnb Financial Corp, a financial institution based in Pennsylvania, recently disclosed a decline in earnings per share (EPS) despite an increase in revenue in the second quarter of 2023. The company's revenue grew by 3.116% to $53.15 million compared to $51.54 million in the same period the previous year. However, the net profit per share dropped by -28.24% to $0.61 per share, down from $0.85 in the fiscal three months ending June 30, 2022.
In the previous reporting season, Cnb Financial Corp reported revenue of $54.39 million and a bottom line of $0.73 per share. Comparatively, net profits for the second quarter of 2023 decreased by -10.44% to $13.827 million from $15.438 million in the same period the previous year. This decline in net profit reflects the company's shift in focus towards improving sales.






 

Cnb Financial's Segments
 
 
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