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CCNE

CNB Financial Corp (PA)

$28.19

Earnings Summary

Revenue
$53.19Mn
Net Profits
$15.44Mn
Net Profit Margins
29.02%
PE Ratio
8.44

Highlights

Revenue:

CNB Financial Corp (PA)’s revenue jumped 18.85% since last year same period to $53.19Mn in the Q2 2022. On a quarterly growth basis, CNB Financial Corp (PA) has generated 3.8% jump in its revenue since last 3-months.

Net Profits:

CNB Financial Corp (PA)’s net profit jumped 10.35% since last year same period to $15.44Mn in the Q2 2022. On a quarterly growth basis, CNB Financial Corp (PA) has generated 1.27% jump in its net profits since last 3-months.

Net Profit Margins:

CNB Financial Corp (PA)’s net profit margin fell -7.15% since last year same period to 29.02% in the Q2 2022. On a quarterly growth basis, CNB Financial Corp (PA) has generated -2.44% fall in its net profit margins since last 3-months.

PE Ratio:

CNB Financial Corp (PA)’s price-to-earnings ratio after this Q2 2022 earnings stands at 8.44.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the CNB Financial Corp (PA) post its latest quarter earnings

EPS Estimate Current Quarter
0.97
EPS Estimate Current Year
0.97

Highlights

EPS Estimate Current Quarter:

CNB Financial Corp (PA)’s earning per share (EPS) estimates for the current quarter stand at 0.97 - a 19.75% jump from last quarter’s estimates.

EPS Estimate Current Year:

CNB Financial Corp (PA)’s earning per share (EPS) estimates for the current year stand at 0.97.

Key Ratios

Key ratios of the CNB Financial Corp (PA) post its Q2 2022 earnings

Earning Per Share (EPS)
0.85
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.14
Dividend Per Share (DPS)
0.7

Highlights

Earning Per Share (EPS):

CNB Financial Corp (PA)’s earning per share (EPS) jumped 13.33% since last year same period to 0.85 in the Q2 2022. This indicates that the CNB Financial Corp (PA) has generated 13.33% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. CNB Financial Corp (PA)’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. CNB Financial Corp (PA)’s return on equity (ROE) stands at 0.14.

Dividend Per Share (DPS):

CNB Financial Corp (PA) declared 0.7 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-05
0.75
0.84
12%
2022-06-30
0.81
0.85
4.94%

Company Information

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $4.7 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division, one loan production office, one drive-up office and 44 full-service offices in Pennsylvania, Ohio, and New York. CNB Bank's divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in northwest Pennsylvania and northeast Ohio; FCBank, based in Worthington, Ohio, with offices in central Ohio; and BankOnBuffalo, based in Buffalo, New York, with offices in northern New York. CNB Bank is headquartered in Clearfield, Pennsylvania, with offices in central and north central Pennsylvania.

Organisation
CNB Financial Corp (PA)
Headquarters
Clearfield, Pennsylvania, US
Employees
626
Industry
Finance
CEO
Joseph Bower