CNB Financial Corporation (CCNE) 10-Year Financial Performance & Capital Metrics

CCNE • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutCNB 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.Show more

Net Interest Income $187M -1.2%
Total Revenue $360M +11.8%
Net Income $55M -5.9%
Return on Equity 9.23% -12.3%
Net Interest Margin 3.02% -8.2%
Efficiency Ratio 40.4% -7.3%
ROA 0.91% -11.6%
Equity / Assets 9.86% -0.7%
Book Value per Share 29.22 +7.1%
Tangible BV/Share 27.05 +7.8%
Debt/Equity 0.24 -4.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 40.4% efficiency ratio
✓Healthy dividend yield of 2.6%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.53%

5Y15.02%

3Y19.84%

TTM-

Profit (Net Income) CAGR

10Y8.99%

5Y6.37%

3Y-1.84%

TTM-11.11%

EPS CAGR

10Y4.09%

5Y-1.9%

3Y-8.89%

TTM-14.96%

ROCE

10Y Avg10.34%

5Y Avg11.18%

3Y Avg11.28%

Latest8.55%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	74.1M	80.7M	90.79M	103.9M	115.18M	128.89M	159.52M	189.5M	189.36M	187.09M
NII Growth %	-0%	0.09%	0.12%	0.14%	0.11%	0.12%	0.24%	0.19%	-0%	-0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	87.18M	94.31M	108.87M	131.87M	155.73M	161.35M	179.6M	213.58M	293.23M	325.1M
Interest Expense	12.47M	13.03M	17.36M	26.95M	39.53M	32.46M	19.82M	24.08M	103.87M	138M
Loan Loss Provision	2.56M	4.15M	6.66M	6.07M	6.02M	15.35M	6M	8.59M	5.99M	9.22M
Non-Interest Income+	14.8M	15.8M	18.78M	17.89M	23.08M	30.74M	29.6M	30.12M	28.78M	34.91M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	101.98M	110.12M	127.66M	149.76M	178.81M	192.09M	209.2M	243.7M	322.01M	360.01M
Revenue Growth %	0.01%	0.08%	0.16%	0.17%	0.19%	0.07%	0.09%	0.16%	0.32%	0.12%
Non-Interest Expense	56.46M	65.23M	67.39M	76.51M	84.62M	104.19M	112.6M	132.82M	140.32M	145.43M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	30.49M	27.71M	36.25M	40.23M	48.64M	40.09M	70.78M	78.21M	71.83M	67.36M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.06%	-0.09%	0.31%	0.11%	0.21%	-0.18%	0.77%	0.11%	-0.08%	-0.06%
Pretax Income+	30.49M	27.71M	36.25M	40.23M	48.64M	40.09M	70.78M	78.21M	71.83M	67.36M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	8.29M	7.17M	12.39M	6.51M	8.56M	7.35M	13.07M	15.03M	13.81M	12.78M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	22.2M	20.54M	23.86M	33.72M	40.08M	32.74M	57.71M	63.19M	58.02M	54.58M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.04%	-0.07%	0.16%	0.41%	0.19%	-0.18%	0.76%	0.09%	-0.08%	-0.06%
Net Income (Continuing)	22.2M	20.54M	23.86M	33.72M	40.08M	32.74M	57.71M	63.19M	58.02M	54.58M
EPS (Diluted)+	1.54	1.42	1.57	2.22	2.63	1.97	3.16	3.26	2.55	2.39
EPS Growth %	-0.04%	-0.08%	0.11%	0.41%	0.18%	-0.25%	0.6%	0.03%	-0.22%	-0.06%
EPS (Basic)	1.54	1.42	1.57	2.22	2.63	1.97	3.16	3.26	2.56	2.40
Diluted Shares Outstanding	14.34M	14.38M	15.13M	15.21M	15.16M	16.83M	16.82M	21.01M	20.94M	20.9M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	27.26M	29.18M	35.34M	45.56M	192.97M	532.69M	732.2M	106.28M	221.87M	443.04M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	2.11B	2.36B	2.54B	2.97B	3.33B	3.93B	4.31B	5.02B	5.16B	5.35B
Investments Growth %	0.04%	0.12%	0.07%	0.17%	0.12%	0.18%	0.1%	0.17%	0.03%	0.04%
Long-Term Investments	1.56B	1.86B	2.13B	2.46B	2.79B	3.35B	3.61B	4.65B	4.82B	4.94B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	27.19M	38.73M	38.73M	38.73M	38.73M	43.75M	43.75M	43.75M	43.87M	43.87M
Intangible Assets	3.36M	4.25M	3.01M	2.22M	1.73M	2.09M	2.12M	2.17M	1.83M	1.46M
PP&E (Net)	39.37M	49.52M	50.72M	49.92M	73.29M	78.47M	81.59M	100.84M	109.4M	128.73M
Other Assets	61.54M	68.32M	83.7M	88.74M	104.22M	104.14M	123M	142.24M	212.26M	227.47M
Total Current Assets	591.24M	548.27M	465.5M	586.69M	760.2M	1.15B	1.47B	539.83M	564M	846.54M
Total Non-Current Assets	1.69B	2.03B	2.3B	2.63B	3B	3.57B	3.86B	4.94B	5.19B	5.35B
Total Assets+	2.29B	2.57B	2.77B	3.22B	3.76B	4.73B	5.33B	5.48B	5.75B	6.19B
Asset Growth %	0.04%	0.13%	0.08%	0.16%	0.17%	0.26%	0.13%	0.03%	0.05%	0.08%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	27.04M	30.43M	29.07M	32.17M	38.48M	41.45M	45.03M	51.27M	0	0
Total Debt+	241.13M	307.62M	327.98M	315.74M	317.89M	90.07M	125.44M	403.1M	142.54M	145.5M
Net Debt	213.87M	278.44M	292.63M	270.17M	124.92M	-442.63M	-606.76M	296.82M	-79.51M	-297.53M
Long-Term Debt	124.86M	203.66M	293.56M	70.62M	70.62M	70.62M	104.28M	104.58M	104.89M	105.19M
Short-Term Debt	116.27M	103.97M	34.42M	245.12M	227.91M	0	0	264.79M	0	0
Other Liabilities	0	6.46M	0	0	0	0	0	-132.4M	40.42M	64.45M
Total Current Liabilities	1.96B	2.15B	2.23B	2.89B	3.37B	4.22B	4.76B	4.94B	5B	5.37B
Total Non-Current Liabilities	124.86M	210.11M	293.56M	70.62M	89.98M	90.07M	125.44M	5.91M	182.96M	209.95M
Total Liabilities	2.08B	2.36B	2.52B	2.96B	3.46B	4.31B	4.89B	4.94B	5.18B	5.58B
Total Equity+	201.91M	211.78M	243.91M	262.83M	304.97M	416.14M	442.85M	530.76M	571.25M	610.7M
Equity Growth %	0.07%	0.05%	0.15%	0.08%	0.16%	0.36%	0.06%	0.2%	0.08%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.1%	0.1%	0.13%	0.14%	0.09%	0.13%	0.13%	0.11%	0.09%
Book Value per Share	14.08	14.73	16.12	17.28	20.11	24.72	26.33	25.27	27.27	29.22
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	0	0	0	0	0	0	0	0	0	0
Additional Paid-in Capital	77.83M	77.74M	97.04M	97.6M	99.33M	127.52M	127.35M	221.55M	220.5M	219.88M
Retained Earnings	123.3M	134.29M	148.3M	171.78M	201.5M	218.73M	260.58M	306.91M	345.94M	381.3M
Accumulated OCI	1.9M	-121K	-343K	-4M	6.94M	15.07M	-394K	-52.52M	-46.08M	-43.57M
Treasury Stock	-1.11M	-127K	-1.09M	-2.56M	-2.81M	-2.97M	-2.48M	-2.97M	-6.89M	-4.69M
Preferred Stock	0	0	0	0	0	57.78M	57.78M	57.78M	57.78M	57.78M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	33.64M	26.76M	30.76M	44.85M	51.91M	28.76M	58.92M	64.05M	47.02M	71.51M
Operating CF Growth %	0.16%	-0.2%	0.15%	0.46%	0.16%	-0.45%	1.05%	0.09%	-0.27%	0.52%
Net Income	22.2M	20.54M	23.86M	33.72M	40.08M	32.74M	57.71M	63.19M	58.02M	54.58M
Depreciation & Amortization	4.04M	4.48M	5.24M	4.81M	5.96M	6.08M	6.24M	6.57M	7.74M	8.27M
Deferred Taxes	376K	1.02M	3.38M	-1.08M	-204K	1.39M	-1.69M	-1.81M	1.11M	-1.18M
Other Non-Cash Items	875K	1.71M	-2.17M	4.32M	39K	-2.78M	-11.55M	-5.73M	-1.5M	-232K
Working Capital Changes	5.53M	-1.81M	-477K	1.53M	4.68M	-10.09M	6.73M	507K	-20.09M	7.86M
Cash from Investing+	-100.71M	-150.88M	-203.65M	-452.68M	-368.74M	-168.68M	-409.76M	-804.7M	-149.46M	-203.28M
Purchase of Investments	-45.12M	-21.51M	-23.69M	-190.92M	-122.79M	-226.53M	-341.55M	-262.68M	-19.62M	-191.25M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-2.87M	1.08M	0	0	72.85M	0	0	0	0
Other Investing	-232.62M	-184.64M	-284.47M	-335.5M	-346.57M	-236.97M	-266.24M	-645.92M	-191.97M	-145.89M
Cash from Financing+	66.41M	126.04M	179.05M	418.04M	464.11M	479.64M	550.34M	114.73M	218.2M	352.76M
Dividends Paid	-9.52M	-9.55M	-10.09M	-10.24M	-10.36M	-12.13M	-15.85M	-16.86M	-19M	-19.21M
Share Repurchases	-868K	-44K	-1.88M	-2.45M	-1.29M	-1.31M	-1.16M	-1.67M	-6.72M	-643K
Stock Issued	0	0	19.29M	0	1.42M	3.26M	0	94.05M	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	-1000K	1000K	1000K	-1000K	0
Other Financing	-32.03M	69.14M	151.37M	442.97M	491.54M	659.94M	533.88M	-93.18M	376.31M	372.61M
Net Change in Cash+	-667K	1.92M	6.16M	10.22M	147.41M	339.72M	199.5M	-625.91M	115.76M	220.99M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	27.93M	27.26M	29.18M	35.34M	45.56M	192.97M	532.69M	732.2M	106.28M	222.05M
Cash at End	27.26M	29.18M	35.34M	45.56M	192.97M	532.69M	732.2M	106.28M	222.05M	443.04M
Interest Paid	12.5M	13.28M	17.48M	26.55M	39.28M	32.96M	20.03M	26.8M	102.16M	134.4M
Income Taxes Paid	5.43M	3.97M	7.81M	7.05M	8.01M	9.52M	11.79M	17.42M	12.01M	12.91M
Free Cash Flow+	26.89M	16.64M	25.55M	41.79M	42.86M	23.11M	52.44M	51.76M	36.05M	55.23M
FCF Growth %	0.2%	-0.38%	0.54%	0.64%	0.03%	-0.46%	1.27%	-0.01%	-0.3%	0.53%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.37%	9.93%	10.47%	13.31%	14.12%	9.08%	13.44%	12.98%	10.53%	9.23%
Return on Assets (ROA)	0.99%	0.85%	0.89%	1.13%	1.15%	0.77%	1.15%	1.17%	1.03%	0.91%
Net Interest Margin	3.24%	3.14%	3.28%	3.23%	3.06%	2.73%	2.99%	3.46%	3.29%	3.02%
Efficiency Ratio	55.36%	59.24%	52.79%	51.09%	47.32%	54.24%	53.82%	54.5%	43.58%	40.4%
Equity / Assets	8.84%	8.23%	8.81%	8.16%	8.1%	8.8%	8.31%	9.69%	9.93%	9.86%
Book Value / Share	14.08	14.73	16.12	17.28	20.11	24.72	26.33	25.27	27.27	29.22
NII Growth	-0.13%	8.92%	12.49%	14.45%	10.85%	11.91%	23.76%	18.79%	-0.08%	-1.2%
Dividend Payout	42.87%	46.48%	42.31%	30.36%	25.84%	33.54%	20.01%	19.87%	25.33%	27.32%

Frequently Asked Questions

Valuation & Price

CNB Financial Corporation (CCNE) has a price-to-earnings (P/E) ratio of 11.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

CNB Financial Corporation (CCNE) grew revenue by 11.8% over the past year. This is steady growth.

Yes, CNB Financial Corporation (CCNE) is profitable, generating $47.5M in net income for fiscal year 2024 (15.2% net margin).

Dividend & Returns

Yes, CNB Financial Corporation (CCNE) pays a dividend with a yield of 2.64%. This makes it attractive for income-focused investors.

CNB Financial Corporation (CCNE) has a return on equity (ROE) of 9.2%. This is below average, suggesting room for improvement.

Industry Metrics

CNB Financial Corporation (CCNE) has a net interest margin (NIM) of 3.0%. This indicates healthy earnings from lending activities.

CNB Financial Corporation (CCNE) has an efficiency ratio of 40.4%. This is excellent, indicating strong cost control.

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