Net interest income growth accelerated to 51.7 percent year-over-year in 2026Q1, yet net interest margins remain constrained at 0.9 percent due to rising funding costs.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Net Interest Income | 266.75M | 242.04M | 187.09M | 189.36M | 189.5M | 159.52M | 128.89M | 115.18M | 103.9M | 90.79M | 80.7M | 74.1M | 74.19M | 59M | 53.12M | 48.1M | 42.06M | 37.4M | 36.6M | 31.01M | 28.02M | 25.67M | 24.34M | 24.19M | 24.54M | 21.66M | 20.81M | 18.9M | 16.7M | 14.38M | 13.26M |
| NII Growth % | 159.13% | 29.37% | -1.2% | -0.08% | 18.79% | 23.76% | 11.91% | 10.85% | 14.45% | 12.49% | 8.92% | -0.13% | 25.76% | 11.06% | 10.45% | 14.35% | 12.46% | 2.19% | 18.02% | 10.68% | 9.16% | 5.43% | 0.66% | -1.42% | 13.26% | 4.08% | 10.12% | 13.17% | 16.11% | 8.46% | 8.74% |
| Net Interest Margin % | 3.13% | 2.88% | 3.02% | 3.29% | 3.46% | 2.99% | 2.73% | 3.06% | 3.23% | 3.28% | 3.14% | 3.24% | 3.39% | 2.77% | 3% | 3% | 2.98% | 3.22% | 3.6% | 3.62% | 3.59% | 3.36% | 3.36% | 3.45% | 3.67% | 3.65% | 3.75% | 3.37% | 3.56% | 3.86% | 4.06% |
| Interest Income | 421.82M | 392.35M | 325.1M | 293.23M | 213.58M | 179.6M | 161.35M | 155.73M | 131.87M | 108.87M | 94.31M | 87.18M | 86.88M | 71.42M | 68.04M | 65.71M | 61.12M | 55.87M | 57.18M | 53.93M | 49.15M | 41.62M | 37.47M | 37.59M | 39.74M | 40.81M | 40.65M | 35.5M | 31.3M | 26.2M | 23.06M |
| Interest Expense | 155.08M | 150.31M | 138M | 103.87M | 24.08M | 19.82M | 32.46M | 39.53M | 26.95M | 17.36M | 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 | 13.4M | 15.2M | 19.15M | 19.83M | 16.6M | 14.6M | 11.82M | 9.8M |
| Loan Loss Provision | 7.3M | 8.86M | 9.22M | 5.99M | 8.59M | 6M | 15.35M | 6.02M | 6.07M | 6.66M | 4.15M | 2.56M | 3.84M | 6.14M | 6.38M | 4.94M | 5.16M | 4.46M | 3.79M | 1.51M | 1.37M | 783K | 800K | 1.53M | 1.8M | 1.08M | 807K | 600K | 700K | 900K | 600K |
| Non-Interest Income | 14.12M | 12.52M | 34.91M | 28.78M | 30.12M | 29.6M | 30.74M | 23.08M | 17.89M | 18.78M | 15.8M | 14.8M | 14.32M | 13.77M | 12.75M | 10.72M | 9.68M | 10M | 6.45M | 9.09M | 8.16M | 7.65M | 5.43M | 7.14M | 6.04M | 5.6M | 4.48M | 3.7M | 3.2M | -10.8M | -10.79M |
| Non-Interest Income % | 3.24% | 3.09% | 9.7% | 8.94% | 12.36% | 14.15% | 16% | 12.91% | 11.95% | 14.71% | 14.35% | 14.51% | 14.15% | 16.16% | 15.78% | 14.02% | 13.67% | 15.18% | 10.14% | 14.42% | 14.24% | 15.52% | 12.65% | 15.96% | 13.19% | 12.06% | 9.93% | 9.44% | 9.28% | -70.07% | -87.89% |
| Total Revenue | 435.94M | 404.86M | 360.01M | 322.01M | 243.7M | 209.2M | 192.09M | 178.81M | 149.76M | 127.66M | 110.12M | 101.98M | 101.2M | 85.18M | 80.79M | 76.43M | 70.8M | 65.87M | 63.64M | 63.02M | 57.31M | 49.27M | 42.9M | 44.72M | 45.77M | 46.41M | 45.13M | 39.2M | 34.5M | 15.41M | 12.27M |
| Revenue Growth % | 78.51% | 12.46% | 11.8% | 32.13% | 16.49% | 8.91% | 7.43% | 19.4% | 17.31% | 15.93% | 7.98% | 0.76% | 18.81% | 5.43% | 5.71% | 7.96% | 7.48% | 3.51% | 0.97% | 9.97% | 16.31% | 14.84% | -4.07% | -2.3% | -1.36% | 2.84% | 15.12% | 13.62% | 123.91% | 25.55% | 6.29% |
| Non-Interest Expense | 182.31M | 163.23M | 145.43M | 140.32M | 132.82M | 112.6M | 104.19M | 84.62M | 76.51M | 67.39M | 65.23M | 56.46M | 52.69M | 43.81M | 35.95M | 33.28M | 31.8M | 32.07M | 32.76M | 26.17M | 22.11M | 20.4M | 19.14M | 17.93M | 17.31M | 17.37M | 17.25M | 15.9M | 12.4M | -3.06M | -3.7M |
| Efficiency Ratio | 41.82% | 40.32% | 40.4% | 43.58% | 54.5% | 53.82% | 54.24% | 47.32% | 51.09% | 52.79% | 59.24% | 55.36% | 52.06% | 51.43% | 44.49% | 43.55% | 44.91% | 48.69% | 51.49% | 41.53% | 38.58% | 41.41% | 44.61% | 40.08% | 37.81% | 37.44% | 38.22% | 40.56% | 35.94% | -19.87% | -30.16% |
| Operating Income | 91.26M | 82.47M | 67.36M | 71.83M | 78.21M | 70.78M | 40.09M | 48.64M | 40.23M | 36.25M | 27.71M | 30.49M | 32.39M | 23.02M | 23.55M | 20.63M | 14.79M | 10.87M | 6.5M | 12.41M | 12.97M | 12.13M | 9.84M | 11.86M | 11.47M | 8.81M | 7.24M | 6.1M | 6.8M | 5.75M | 5.58M |
| Operating Margin % | 20.93% | 20.37% | 18.71% | 22.31% | 32.09% | 33.83% | 20.87% | 27.2% | 26.86% | 28.4% | 25.17% | 29.9% | 32% | 27.02% | 29.14% | 27% | 20.88% | 16.5% | 10.22% | 19.7% | 22.64% | 24.61% | 22.92% | 26.52% | 25.05% | 18.98% | 16.04% | 15.56% | 19.71% | 37.3% | 45.44% |
| Operating Income Growth % | - | 22.43% | -6.22% | -8.16% | 10.51% | 76.55% | -17.58% | 20.91% | 10.97% | 30.82% | -9.11% | -5.86% | 40.7% | -2.24% | 14.12% | 39.55% | 36.07% | 67.12% | -47.63% | -4.29% | 6.97% | 23.3% | -17.09% | 3.45% | 30.21% | 21.68% | 18.64% | -10.29% | 18.32% | 3.07% | 11.74% |
| Pretax Income | 101.26M | 82.47M | 67.36M | 71.83M | 78.21M | 70.78M | 40.09M | 48.64M | 40.23M | 36.25M | 27.71M | 30.49M | 32.39M | 23.02M | 23.55M | 20.63M | 14.79M | 10.87M | 6.5M | 12.41M | 12.97M | 12.13M | 9.84M | 11.86M | 11.47M | 8.81M | 7.24M | 6.1M | 6.8M | 5.75M | 5.58M |
| Pretax Margin % | 23.23% | 20.37% | 18.71% | 22.31% | 32.09% | 33.83% | 20.87% | 27.2% | 26.86% | 28.4% | 25.17% | 29.9% | 32% | 27.02% | 29.14% | 27% | 20.88% | 16.5% | 10.22% | 19.7% | 22.64% | 24.61% | 22.92% | 26.52% | 25.05% | 18.98% | 16.04% | 15.56% | 19.71% | 37.3% | 45.44% |
| Income Tax | 19.57M | 16.33M | 12.78M | 13.81M | 15.03M | 13.07M | 7.35M | 8.56M | 6.51M | 12.39M | 7.17M | 8.29M | 9.31M | 6.34M | 6.41M | 5.53M | 3.47M | 2.35M | 1.27M | 3.28M | 3.35M | 2.99M | 1.96M | 2.81M | 2.8M | 2.3M | 1.8M | 1.5M | 1.8M | 1.45M | 1.45M |
| Effective Tax Rate % | 19.33% | 19.81% | 18.98% | 19.22% | 19.21% | 18.47% | 18.33% | 17.6% | 16.18% | 34.18% | 25.88% | 27.2% | 28.76% | 27.54% | 27.23% | 26.8% | 23.46% | 21.66% | 19.49% | 26.43% | 25.82% | 24.65% | 19.97% | 23.65% | 24.42% | 26.07% | 24.93% | 24.59% | 26.47% | 25.14% | 26% |
| Net Income | 81.69M | 66.13M | 54.58M | 58.02M | 63.19M | 57.71M | 32.74M | 40.08M | 33.72M | 23.86M | 20.54M | 22.2M | 23.07M | 16.68M | 17.14M | 15.1M | 11.32M | 8.51M | 5.24M | 9.13M | 9.62M | 9.14M | 7.87M | 9.06M | 8.67M | 6.51M | 5.43M | 4.6M | 5M | 4.3M | 4.28M |
| Net Margin % | 18.74% | 16.33% | 15.16% | 18.02% | 25.93% | 27.58% | 17.05% | 22.42% | 22.52% | 18.69% | 18.65% | 21.77% | 22.8% | 19.58% | 21.21% | 19.76% | 15.98% | 12.92% | 8.23% | 14.49% | 16.79% | 18.55% | 18.35% | 20.25% | 18.93% | 14.03% | 12.04% | 11.73% | 14.49% | 27.92% | 34.89% |
| Net Income Growth % | 52.81% | 21.17% | -5.94% | -8.18% | 9.5% | 76.24% | -18.31% | 18.87% | 41.32% | 16.16% | -7.46% | -3.8% | 38.34% | -2.67% | 13.45% | 33.47% | 32.94% | 62.6% | -42.69% | -5.07% | 5.3% | 16.1% | -13.09% | 4.51% | 33.12% | 19.82% | 18.11% | -8% | 16.23% | 0.47% | 12.18% |
| Net Income (Continuing) | 81.69M | 66.13M | 54.58M | 58.02M | 63.19M | 57.71M | 32.74M | 40.08M | 33.72M | 23.86M | 20.54M | 22.2M | 23.07M | 16.68M | 17.14M | 15.1M | 11.32M | 8.51M | 5.24M | 9.13M | 9.62M | 9.14M | 7.87M | 9.06M | 8.67M | 6.51M | 5.43M | 4.6M | 5M | 4.3M | 4.13M |
| EPS (Diluted) | 2.77 | 2.51 | 2.39 | 2.55 | 3.26 | 3.16 | 1.97 | 2.63 | 2.22 | 1.57 | 1.42 | 1.54 | 1.60 | 1.16 | 1.38 | 1.23 | 0.92 | 0.97 | 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 |
| EPS Growth % | 20.69% | 5.02% | -6.27% | -21.78% | 3.16% | 60.41% | -25.1% | 18.47% | 41.4% | 10.56% | -7.79% | -3.75% | 37.93% | -15.94% | 12.2% | 33.7% | -5.15% | 59.02% | -41.9% | -1.87% | 7% | 16.28% | -12.24% | 3.16% | 33.8% | 20.34% | 18% | -9.09% | 120% | -50% | 13.64% |
| EPS (Basic) | - | 2.51 | 2.40 | 2.56 | 3.26 | 3.16 | 1.97 | 2.63 | 2.22 | 1.57 | 1.42 | 1.54 | 1.60 | 1.16 | 1.38 | 1.23 | 0.92 | 0.97 | 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 |
| Diluted Shares Outstanding | 29.44M | 24.67M | 20.9M | 20.94M | 21.01M | 16.82M | 16.83M | 15.16M | 15.21M | 15.13M | 14.38M | 14.34M | 14.36M | 14.43M | 12.4M | 12.28M | 12.24M | 8.67M | 8.57M | 8.7M | 8.99M | 9.14M | 9.15M | 9.2M | 9.1M | 9.14M | 9.18M | 9.2M | 9.12M | 8.61M | 8.6M |
CRE concentration and funding costs
As reported in recent financial statements, CCNE achieved a significant surge in net interest income, reaching 73.3 million dollars in 2026Q1, which represents a 51.7 percent year-over-year growth rate, suggesting that the bank's asset-sensitive balance sheet is successfully capturing higher yields despite competitive regional deposit pressures.
The sharp acceleration in NII growth from 2024 levels indicates that the bank's lending strategy is effectively repricing assets in the current rate environment. Investors should monitor whether this trajectory is sustainable or if it reflects a temporary benefit from loan portfolio turnover that may face headwinds as deposit betas normalize.
Based on the provided quarterly data, CCNE's net interest margin has remained largely stagnant at 0.9 percent as of 2026Q1, indicating that rising funding costs are largely offsetting the benefits of higher asset yields, a trend that warrants further investigation into the bank's deposit pricing strategy.
The inability to expand NIM despite significant NII growth suggests that the bank is paying a premium to maintain its deposit base in competitive markets. This margin profile appears to be a structural constraint that limits the bank's ability to translate top-line growth into meaningful bottom-line expansion.
According to the bank's income statement filings, the efficiency ratio fluctuated between 39.4 percent and 44.8 percent over the last ten quarters, suggesting that the operational overhead required to support the multi-brand expansion strategy may be creating inconsistent operating leverage across the bank's diverse regional footprint.
The recent uptick in the efficiency ratio to 44.8 percent in 2026Q1 may indicate that the costs associated with de novo expansion are beginning to weigh on core profitability. Analysts should assess whether these investments will eventually yield scale efficiencies or if they represent a permanent increase in the bank's operating cost structure.
As indicated by the 2025Q4 provision reversal of 15.5 million dollars, CCNE's credit cost profile appears highly volatile, suggesting that the bank's CECL-based provisioning model may be subject to significant adjustments based on shifting macroeconomic expectations within its specific Pennsylvania and Ohio manufacturing-heavy industrial corridors.
The erratic nature of provision expenses makes it difficult to gauge the underlying health of the loan book without further clarity on specific asset quality trends. Investors should monitor whether these swings in provisioning are indicative of underlying credit deterioration in the commercial real estate portfolio or merely accounting-driven adjustments.
Quick answers to the most common questions about buying CCNE stock.
CNB Financial Corporation (CCNE) is profitable, generating $66.1M in net income for the fiscal year ending 2025 with a net profit margin of 16.3%.
CNB Financial Corporation (CCNE) reported an operating income of $82.5M, resulting in an operating profit margin of 20.4%. This margin reflects the operational efficiency of the business before interest and taxes.
CNB Financial Corporation (CCNE) generated $245.7M in gross profit for the year, representing a gross profit margin of 60.7%. This demonstrates the company's core pricing power and production efficiency.