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CNB Financial (CCNE) Financials

CNB Financial logo
$25.84 -0.06 (-0.23%)
Closing price 04:00 PM Eastern
Extended Trading
$25.86 +0.02 (+0.06%)
As of 04:10 PM Eastern
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Annual Income Statements for CNB Financial

Annual Income Statements for CNB Financial

This table shows CNB Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 59 54 50
Consolidated Net Income / (Loss)		 63 58 55
Net Income / (Loss) Continuing Operations		 63 58 55
Total Pre-Tax Income 		78 72 67
Total Revenue		 224 223 227
Net Interest Income / (Expense)		 190 190 187
Total Interest Income		 214 294 325
Loans and Leases Interest Income		 196 273 294
Investment Securities Interest Income		 18 20 32
Total Interest Expense		 24 104 138
Deposits Interest Expense		 20 98 133
Long-Term Debt Interest Expense		 0.39 1.80 0.01
Other Interest Expense		 3.86 4.30 4.50
Total Non-Interest Income		 35 33 39
Service Charges on Deposit Accounts		 7.21 7.37 6.99
Other Service Charges		 16 15 20
Net Realized & Unrealized Capital Gains on Investments		 -0.50 -0.34 0.83
Investment Banking Income		 7.17 7.25 7.85
Other Non-Interest Income		 4.67 3.62 3.78
Provision for Credit Losses		 8.59 5.99 9.22
Total Non-Interest Expense		 138 145 150
Salaries and Employee Benefits		 71 71 75
Net Occupancy & Equipment Expense		 30 35 37
Marketing Expense		 2.89 3.13 2.55
Property & Liability Insurance Claims		 6.97 8.29 7.94
Other Operating Expenses		 26 28 28
Income Tax Expense		 15 14 13
Preferred Stock Dividends Declared		 4.30 4.30 4.30
Basic Earnings per Share		 $3.26 $2.56 $2.39
Weighted Average Basic Shares Outstanding		 21.12M 21.02M 20.98M
Diluted Earnings per Share		 $3.26 $2.55 $2.39
Weighted Average Diluted Shares Outstanding		 21.12M 21.02M 20.98M
Weighted Average Basic & Diluted Shares Outstanding		 21.12M 21.02M 20.98M
Cash Dividends to Common per Share		 $0.70 $0.70 $0.71

Quarterly Income Statements for CNB Financial

This table shows CNB Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 16 15 15 13 13 13 12 12 13 14
Consolidated Net Income / (Loss)		 17 16 16 14 14 14 13 13 14 15
Net Income / (Loss) Continuing Operations		 17 16 16 14 14 14 13 13 14 15
Total Pre-Tax Income 		21 20 20 17 17 17 15 16 17 19
Total Revenue		 58 60 56 56 55 57 54 55 58 59
Net Interest Income / (Expense)		 50 51 48 47 47 48 45 46 47 49
Total Interest Income		 55 62 67 72 76 79 78 81 83 84
Loans and Leases Interest Income		 51 58 62 67 71 73 72 72 76 74
Investment Securities Interest Income		 4.67 4.65 4.31 5.43 4.54 6.19 6.39 8.51 7.51 9.51
Total Interest Expense		 5.39 12 19 25 28 32 33 35 36 35
Deposits Interest Expense		 4.41 10 17 24 27 30 32 34 35 34
Long-Term Debt Interest Expense		 0.01 0.37 1.26 0.45 0.09 0.00 0.00 0.00 0.00 0.00
Other Interest Expense		 0.98 1.01 1.04 1.05 1.08 1.13 1.13 1.14 1.12 1.10
Total Non-Interest Income		 7.96 9.01 8.04 8.29 7.86 9.14 8.96 8.87 11 10
Service Charges on Deposit Accounts		 1.87 1.81 1.80 1.91 1.86 1.80 1.69 1.79 1.79 1.71
Other Service Charges		 3.62 4.37 3.76 3.81 3.64 4.21 4.31 4.17 5.50 5.69
Net Realized & Unrealized Capital Gains on Investments		 -0.40 0.28 -0.26 -0.21 -0.40 0.54 0.19 -0.08 0.65 0.07
Investment Banking Income		 1.87 1.72 1.82 1.92 1.83 1.68 1.80 2.01 2.06 1.98
Other Non-Interest Income		 0.99 0.83 0.93 0.87 0.93 0.89 0.96 0.97 0.97 0.88
Provision for Credit Losses		 1.09 2.95 1.29 2.41 1.06 1.24 1.32 2.59 2.38 2.93
Total Non-Interest Expense		 36 37 34 36 37 38 37 36 39 38
Salaries and Employee Benefits		 19 19 17 17 18 19 19 18 20 19
Net Occupancy & Equipment Expense		 7.93 8.45 7.82 8.82 8.83 9.24 8.71 9.15 9.12 9.56
Marketing Expense		 0.71 1.02 0.54 0.70 0.84 1.05 0.69 0.55 0.62 0.68
Property & Liability Insurance Claims		 1.73 1.80 1.72 2.00 2.35 2.23 2.16 2.14 1.79 1.85
Other Operating Expenses		 6.84 6.95 6.86 7.41 7.14 6.73 7.08 6.47 7.69 7.21
Income Tax Expense		 4.05 3.99 3.91 3.33 3.40 3.16 2.83 3.05 3.34 3.57
Preferred Stock Dividends Declared		 1.08 1.08 1.08 1.08 1.08 1.08 1.08 1.08 1.08 1.08
Basic Earnings per Share		 $0.90 $0.67 $0.73 $0.61 $0.60 $0.62 $0.55 $0.57 $0.61 $0.66
Weighted Average Basic Shares Outstanding		 17.25M 21.12M 21.04M 20.92M 20.86M 21.02M 20.82M 20.83M 20.84M 20.98M
Diluted Earnings per Share		 $0.90 $0.67 $0.73 $0.61 $0.60 $0.61 $0.55 $0.56 $0.61 $0.67
Weighted Average Diluted Shares Outstanding		 17.29M 21.12M 21.08M 20.96M 20.90M 21.02M 20.89M 20.89M 20.91M 20.98M
Weighted Average Basic & Diluted Shares Outstanding		 21.12M 21.12M 21.06M 21.00M 20.90M 21.02M 21.00M 21.00M 20.99M 20.98M
Cash Dividends to Common per Share		 $0.18 $0.17 $0.18 $0.18 $0.18 $0.17 $0.18 $0.18 $0.18 $0.18

Annual Cash Flow Statements for CNB Financial

This table details how cash moves in and out of CNB Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -626 116 221
Net Cash From Operating Activities		 64 47 72
Net Cash From Continuing Operating Activities		 64 47 72
Net Income / (Loss) Continuing Operations		 63 58 55
Consolidated Net Income / (Loss)		 63 58 55
Provision For Loan Losses		 8.59 5.99 9.22
Depreciation Expense		 6.57 7.74 8.27
Amortization Expense		 -3.01 -2.85 -4.28
Non-Cash Adjustments to Reconcile Net Income		 -9.98 -2.90 -2.95
Changes in Operating Assets and Liabilities, net		 -1.31 -19 6.68
Net Cash From Investing Activities		 -805 -149 -203
Net Cash From Continuing Investing Activities		 -805 -149 -203
Purchase of Property, Leasehold Improvements and Equipment		 -12 -11 -16
Purchase of Investment Securities		 -905 -217 -346
Sale of Property, Leasehold Improvements and Equipment		 0.00 4.99 11
Sale and/or Maturity of Investments		 120 73 159
Other Investing Activities, net		 -7.44 0.70 -11
Net Cash From Financing Activities		 115 218 353
Net Cash From Continuing Financing Activities		 115 218 353
Net Change in Deposits		 -93 376 373
Issuance of Common Equity		 94 0.00 0.00
Repayment of Debt		 132 -132 0.00
Repurchase of Common Equity		 -1.67 -6.72 -0.64
Payment of Dividends		 -17 -19 -19
Cash Interest Paid		 27 102 134
Cash Income Taxes Paid		 17 12 13

Quarterly Cash Flow Statements for CNB Financial

This table details how cash moves in and out of CNB Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -74 -104 82 -63 57 39 79 30 30 82
Net Cash From Operating Activities		 16 26 4.81 12 13 18 12 10 26 22
Net Cash From Continuing Operating Activities		 16 26 4.81 12 13 18 12 10 26 22
Net Income / (Loss) Continuing Operations		 17 16 16 14 14 14 13 13 14 15
Consolidated Net Income / (Loss)		 17 16 16 14 14 14 13 13 14 15
Provision For Loan Losses		 1.09 2.95 1.29 2.41 1.06 1.24 1.32 2.59 2.38 2.93
Depreciation Expense		 1.77 1.32 1.92 1.92 1.96 1.94 1.90 2.02 1.94 2.41
Amortization Expense		 -0.43 -0.99 -1.26 -0.76 -0.73 -0.11 -1.32 -1.00 -0.97 -0.99
Non-Cash Adjustments to Reconcile Net Income		 0.12 -0.67 -0.50 -1.88 0.70 -1.22 -0.65 -0.44 -1.16 -0.70
Changes in Operating Assets and Liabilities, net		 -2.72 7.29 -13 -3.93 -3.81 1.90 -1.39 -5.70 10 3.54
Net Cash From Investing Activities		 -103 -256 -17 -145 -19 31 33 -49 -98 -90
Net Cash From Continuing Investing Activities		 -103 -256 -17 -145 -19 31 33 -49 -98 -90
Purchase of Property, Leasehold Improvements and Equipment		 -4.29 -4.01 -3.38 -3.78 -1.80 -1.89 -2.44 -6.31 -4.15 -3.39
Purchase of Investment Securities		 -120 -259 -11 -196 -29 18 -18 -47 -142 -139
Sale and/or Maturity of Investments		 21 15 23 21 13 16 17 39 50 53
Other Investing Activities, net		 0.56 -6.79 -31 33 -0.45 -1.68 36 -45 -1.52 0.24
Net Cash From Financing Activities		 12 126 94 70 63 -8.83 34 68 101 150
Net Cash From Continuing Financing Activities		 12 126 94 70 63 -8.83 34 68 101 150
Net Change in Deposits		 -78 -1.37 132 179 70 -4.03 39 73 106 154
Repurchase of Common Equity		 - - -2.51 -2.31 -1.84 -0.07 -0.21 -0.44 -0.00 0.01
Payment of Dividends		 -4.03 -4.77 -4.77 -4.75 -4.74 -4.73 -4.76 -4.75 -4.86 -4.85
Cash Interest Paid		 5.35 13 18 25 28 31 31 33 37 33
Cash Income Taxes Paid		 5.79 4.68 0.44 4.28 3.85 3.43 0.49 4.81 3.55 4.07

Annual Balance Sheets for CNB Financial

This table presents CNB Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 5,475 5,753 6,192
Cash and Due from Banks		 59 55 64
Federal Funds Sold		 43 164 375
Interest Bearing Deposits at Other Banks		 4.00 2.87 4.26
Trading Account Securities		 817 771 827
Loans and Leases, Net of Allowance		 4,232 4,423 4,562
Loans and Leases		 4,275 4,468 4,609
Allowance for Loan and Lease Losses		 43 46 47
Premises and Equipment, Net		 69 74 76
Intangible Assets		 44 44 44
Other Assets		 208 220 188
Total Liabilities & Shareholders' Equity		 5,475 5,753 6,192
Total Liabilities		 4,944 5,182 5,581
Non-Interest Bearing Deposits		 898 729 820
Interest Bearing Deposits		 3,724 4,270 4,552
Accrued Interest Payable		 51 40 64
Long-Term Debt		 105 105 105
Other Long-Term Liabilities		 34 38 40
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 531 571 611
Total Preferred & Common Equity		 531 571 611
Preferred Stock		 58 58 58
Total Common Equity		 473 513 553
Common Stock		 222 220 220
Retained Earnings		 307 346 381
Treasury Stock		 -2.97 -6.89 -4.69
Accumulated Other Comprehensive Income / (Loss)		 -53 -46 -44

Quarterly Balance Sheets for CNB Financial

This table presents CNB Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 5,317 5,583 5,664 5,732 5,801 5,887 6,015
Cash and Due from Banks		 51 51 58 62 39 56 75
Federal Funds Sold		 153 133 63 118 259 272 282
Interest Bearing Deposits at Other Banks		 5.46 4.69 4.24 3.42 3.04 3.17 3.72
Trading Account Securities		 820 812 786 764 772 764 759
Loans and Leases, Net of Allowance		 3,983 4,257 4,419 4,446 4,386 4,434 4,545
Loans and Leases		 4,025 4,301 4,465 4,492 4,431 4,480 4,592
Allowance for Loan and Lease Losses		 41 44 46 46 46 46 47
Premises and Equipment, Net		 66 71 73 73 75 79 82
Intangible Assets		 0.39 44 44 44 44 44 44
Other Assets		 194 4,468 216 221 224 234 223
Total Liabilities & Shareholders' Equity		 5,317 5,583 5,664 5,732 5,801 5,887 6,015
Total Liabilities		 4,801 5,037 5,114 5,183 5,223 5,300 5,408
Non-Interest Bearing Deposits		 868 811 808 783 749 763 841
Interest Bearing Deposits		 3,756 3,944 4,125 4,220 4,288 4,348 4,376
Accrued Interest Payable		 44 40 38 37 42 47 47
Long-Term Debt		 105 105 105 105 105 105 105
Other Long-Term Liabilities		 29 36 38 38 38 37 40
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 516 546 550 549 579 587 606
Total Preferred & Common Equity		 516 546 550 549 579 587 606
Preferred Stock		 58 58 58 58 58 58 58
Total Common Equity		 458 489 492 491 521 529 549
Common Stock		 221 220 220 220 218 219 219
Retained Earnings		 296 319 328 337 354 362 371
Treasury Stock		 -2.98 -2.87 -5.00 -6.86 -3.95 -4.44 -4.52
Accumulated Other Comprehensive Income / (Loss)		 -56 -47 -51 -59 -47 -47 -37

Annual Metrics And Ratios for CNB Financial

This table displays calculated financial ratios and metrics derived from CNB Financial's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 16.15% -0.56% 1.53%
EBITDA Growth		 8.93% -6.19% -7.00%
EBIT Growth		 10.51% -8.16% -6.22%
NOPAT Growth		 9.50% -8.18% -5.94%
Net Income Growth		 9.50% -8.18% -5.94%
EPS Growth		 3.16% -21.78% -6.27%
Operating Cash Flow Growth		 8.71% -26.59% 52.08%
Free Cash Flow Firm Growth		 -5,809.38% 195.05% -90.09%
Invested Capital Growth		 40.32% -11.93% 5.88%
Revenue Q/Q Growth		 4.11% -1.33% 1.13%
EBITDA Q/Q Growth		 2.66% -1.57% 1.53%
EBIT Q/Q Growth		 2.85% -3.66% 2.26%
NOPAT Q/Q Growth		 2.02% -3.18% 2.03%
Net Income Q/Q Growth		 2.02% -3.18% 2.03%
EPS Q/Q Growth		 -3.83% -2.30% 2.58%
Operating Cash Flow Q/Q Growth		 9.40% -14.62% 6.75%
Free Cash Flow Firm Q/Q Growth		 71.82% 463.87% 473.68%
Invested Capital Q/Q Growth		 23.70% 3.38% 0.62%
Profitability Metrics		 - - -
EBITDA Margin		 36.44% 34.38% 31.49%
EBIT Margin		 34.85% 32.19% 29.73%
Profit (Net Income) Margin		 28.16% 26.00% 24.09%
Tax Burden Percent		 80.79% 80.78% 81.02%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 19.21% 19.22% 18.98%
Return on Invested Capital (ROIC)		 9.61% 8.04% 7.84%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.61% 8.04% 7.84%
Return on Net Nonoperating Assets (RNNOA)		 3.37% 2.49% 1.39%
Return on Equity (ROE)		 12.98% 10.53% 9.23%
Cash Return on Invested Capital (CROIC)		 -23.95% 20.73% 2.13%
Operating Return on Assets (OROA)		 1.45% 1.28% 1.13%
Return on Assets (ROA)		 1.17% 1.03% 0.91%
Return on Common Equity (ROCE)		 11.44% 9.43% 8.33%
Return on Equity Simple (ROE_SIMPLE)		 11.91% 10.16% 8.94%
Net Operating Profit after Tax (NOPAT)		 63 58 55
NOPAT Margin		 28.16% 26.00% 24.09%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 46.65% 48.80% 50.15%
Operating Expenses to Revenue		 61.32% 65.13% 66.20%
Earnings before Interest and Taxes (EBIT)		 78 72 67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 82 77 71
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.99 0.88 0.94
Price to Tangible Book Value (P/TBV)		 1.09 0.97 1.02
Price to Revenue (P/Rev)		 2.08 2.03 2.29
Price to Earnings (P/E)		 7.92 8.45 10.31
Dividend Yield		 3.17% 3.22% 2.88%
Earnings Yield		 12.63% 11.83% 9.70%
Enterprise Value to Invested Capital (EV/IC)		 0.85 0.58 0.33
Enterprise Value to Revenue (EV/Rev)		 2.92 1.77 1.05
Enterprise Value to EBITDA (EV/EBITDA)		 8.01 5.14 3.34
Enterprise Value to EBIT (EV/EBIT)		 8.37 5.49 3.53
Enterprise Value to NOPAT (EV/NOPAT)		 10.36 6.80 4.36
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.22 8.39 3.33
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 2.64 16.06
Leverage & Solvency		 - - -
Debt to Equity		 0.45 0.18 0.17
Long-Term Debt to Equity		 0.20 0.18 0.17
Financial Leverage		 0.35 0.31 0.18
Leverage Ratio		 11.10 10.19 10.11
Compound Leverage Factor		 11.10 10.19 10.11
Debt to Total Capital		 30.87% 15.51% 14.69%
Short-Term Debt to Total Capital		 17.24% 0.00% 0.00%
Long-Term Debt to Total Capital		 13.62% 15.51% 14.69%
Preferred Equity to Total Capital		 7.53% 8.55% 8.07%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 61.61% 75.94% 77.23%
Debt to EBITDA		 2.90 1.37 1.47
Net Debt to EBITDA		 1.60 -1.53 -4.74
Long-Term Debt to EBITDA		 1.28 1.37 1.47
Debt to NOPAT		 3.75 1.81 1.93
Net Debt to NOPAT		 2.07 -2.02 -6.19
Long-Term Debt to NOPAT		 1.66 1.81 1.93
Noncontrolling Interest Sharing Ratio		 11.87% 10.49% 9.78%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -157 150 15
Operating Cash Flow to CapEx		 521.18% 803.40% 1,401.65%
Free Cash Flow to Firm to Interest Expense		 -6.54 1.44 0.11
Operating Cash Flow to Interest Expense		 2.66 0.45 0.52
Operating Cash Flow Less CapEx to Interest Expense		 2.15 0.40 0.48
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.04 0.04
Fixed Asset Turnover		 3.45 3.14 3.03
Capital & Investment Metrics		 - - -
Invested Capital		 768 676 716
Invested Capital Turnover		 0.34 0.31 0.33
Increase / (Decrease) in Invested Capital		 221 -92 40
Enterprise Value (EV)		 655 395 238
Market Capitalization		 466 454 518
Book Value per Share		 $22.39 $24.57 $26.34
Tangible Book Value per Share		 $20.31 $22.46 $24.25
Total Capital		 768 676 716
Total Debt		 237 105 105
Total Long-Term Debt		 105 105 105
Net Debt		 131 -117 -338
Capital Expenditures (CapEx)		 12 5.85 5.10
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 237 105 105
Total Depreciation and Amortization (D&A)		 3.56 4.89 3.99
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $3.26 $2.56 $2.39
Adjusted Weighted Average Basic Shares Outstanding		 21.12M 21.02M 20.98M
Adjusted Diluted Earnings per Share		 $3.26 $2.55 $2.39
Adjusted Weighted Average Diluted Shares Outstanding		 21.12M 21.02M 20.98M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 21.12M 21.02M 20.98M
Normalized Net Operating Profit after Tax (NOPAT)		 63 58 55
Normalized NOPAT Margin		 28.16% 26.00% 24.09%
Pre Tax Income Margin		 34.85% 32.19% 29.73%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 3.25 0.69 0.49
NOPAT to Interest Expense		 2.62 0.56 0.40
EBIT Less CapEx to Interest Expense		 2.74 0.64 0.45
NOPAT Less CapEx to Interest Expense		 2.11 0.50 0.36
Payout Ratios		 - - -
Dividend Payout Ratio		 26.68% 32.74% 35.21%
Augmented Payout Ratio		 29.33% 44.33% 36.38%

Quarterly Metrics And Ratios for CNB Financial

This table displays calculated financial ratios and metrics derived from CNB Financial's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 18.80% 17.37% 6.52% 2.03% -4.78% -5.03% -2.70% -1.75% 6.10% 4.46%
EBITDA Growth		 10.22% 11.74% 7.57% -8.29% -16.61% -6.07% -23.99% -7.05% -0.55% 5.68%
EBIT Growth		 12.31% 12.23% 8.89% -9.36% -17.16% -13.74% -24.35% -6.75% 0.96% 8.70%
NOPAT Growth		 11.52% 8.55% 8.16% -10.44% -17.43% -11.98% -23.59% -6.29% 1.65% 7.78%
Net Income Growth		 11.52% 8.55% 8.16% -10.44% -17.43% -11.98% -23.59% -6.29% 1.65% 7.78%
EPS Growth		 9.76% -16.25% -13.10% -28.24% -33.33% -8.96% -24.66% -8.20% 1.67% 9.84%
Operating Cash Flow Growth		 -7.01% 27.16% 27.09% -35.75% -21.61% -31.25% 158.83% -9.86% 104.28% 25.53%
Free Cash Flow Firm Growth		 -190.05% -347.58% -669.45% -241.86% 96.75% 151.57% 139.81% 78.30% -121.27% -123.38%
Invested Capital Growth		 0.00% 40.32% 42.03% 23.93% 5.38% -11.93% -9.24% 5.71% 8.78% 5.88%
Revenue Q/Q Growth		 6.28% 3.41% -6.95% -0.23% -0.82% 3.14% -4.67% 0.75% 7.10% 1.55%
EBITDA Q/Q Growth		 10.22% -8.30% 4.33% -13.03% 0.22% 3.29% -15.57% 6.35% 7.23% 9.76%
EBIT Q/Q Growth		 9.21% -3.90% 2.68% -15.89% -0.18% 0.06% -9.95% 3.69% 8.07% 7.73%
NOPAT Q/Q Growth		 7.69% -4.48% 3.84% -16.14% -0.72% 1.82% -9.85% 2.83% 7.69% 7.95%
Net Income Q/Q Growth		 7.69% -4.48% 3.84% -16.14% -0.72% 1.82% -9.85% 2.83% 7.69% 7.95%
EPS Q/Q Growth		 5.88% -25.56% 8.96% -16.44% -1.64% 1.67% -9.84% 1.82% 8.93% 9.84%
Operating Cash Flow Q/Q Growth		 -8.65% 56.50% -81.32% 140.59% 11.46% 37.25% -29.68% -16.21% 152.60% -15.66%
Free Cash Flow Firm Q/Q Growth		 -861.50% 66.10% -0.81% 45.48% 82.53% 637.05% -22.18% -129.71% -78.19% 43.25%
Invested Capital Q/Q Growth		 17.54% 23.70% -1.90% -13.12% -0.05% 3.38% 1.10% 1.19% 2.85% 0.62%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 38.05% 33.74% 37.83% 32.98% 33.33% 33.37% 29.56% 31.20% 31.24% 33.76%
EBIT Margin		 35.73% 33.20% 36.64% 30.89% 31.09% 30.16% 28.49% 29.32% 29.58% 31.38%
Profit (Net Income) Margin		 28.73% 26.54% 29.61% 24.89% 24.91% 24.59% 23.26% 23.74% 23.87% 25.38%
Tax Burden Percent		 80.41% 79.92% 80.82% 80.58% 80.14% 81.55% 81.64% 80.97% 80.69% 80.86%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 19.59% 20.08% 19.18% 19.42% 19.86% 18.45% 18.36% 19.03% 19.31% 19.14%
Return on Invested Capital (ROIC)		 19.96% 9.06% 10.51% 9.64% 8.84% 7.60% 7.18% 7.78% 7.83% 8.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 19.96% 9.06% 10.51% 9.64% 8.84% 7.60% 7.18% 7.78% 7.83% 8.26%
Return on Net Nonoperating Assets (RNNOA)		 4.04% 3.18% 3.36% 2.07% 1.74% 2.36% 1.99% 1.44% 1.42% 1.47%
Return on Equity (ROE)		 24.00% 12.23% 13.88% 11.71% 10.58% 9.96% 9.16% 9.22% 9.26% 9.73%
Cash Return on Invested Capital (CROIC)		 -180.04% -23.95% -24.69% -10.75% 4.16% 20.73% 17.22% 2.36% -0.58% 2.13%
Operating Return on Assets (OROA)		 1.45% 1.38% 1.54% 1.29% 1.27% 1.20% 1.11% 1.12% 1.13% 1.19%
Return on Assets (ROA)		 1.16% 1.10% 1.24% 1.04% 1.02% 0.98% 0.91% 0.91% 0.91% 0.96%
Return on Common Equity (ROCE)		 21.31% 10.78% 12.23% 10.32% 9.43% 8.92% 8.22% 8.28% 8.33% 8.78%
Return on Equity Simple (ROE_SIMPLE)		 12.00% 0.00% 11.79% 11.43% 10.91% 0.00% 9.35% 9.08% 8.82% 0.00%
Net Operating Profit after Tax (NOPAT)		 17 16 16 14 14 14 13 13 14 15
NOPAT Margin		 28.73% 26.54% 29.61% 24.89% 24.91% 24.59% 23.26% 23.74% 23.87% 25.38%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 47.59% 47.25% 45.64% 47.84% 49.78% 51.89% 52.02% 50.17% 50.14% 48.42%
Operating Expenses to Revenue		 62.38% 61.87% 61.04% 64.78% 67.00% 67.66% 69.08% 65.94% 66.34% 63.68%
Earnings before Interest and Taxes (EBIT)		 21 20 20 17 17 17 15 16 17 19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 22 20 21 18 18 19 16 17 18 20
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.82 0.99 0.79 0.73 0.75 0.88 0.82 0.81 0.92 0.94
Price to Tangible Book Value (P/TBV)		 0.90 1.09 0.87 0.80 0.82 0.97 0.89 0.88 1.00 1.02
Price to Revenue (P/Rev)		 1.74 2.08 1.70 1.57 1.63 2.03 1.92 1.94 2.25 2.29
Price to Earnings (P/E)		 6.49 7.92 6.44 6.13 6.61 8.45 8.53 8.76 10.27 10.31
Dividend Yield		 3.16% 3.17% 3.82% 4.11% 4.00% 3.22% 3.46% 3.43% 2.93% 2.88%
Earnings Yield		 15.41% 12.63% 15.53% 16.32% 15.13% 11.83% 11.73% 11.42% 9.74% 9.70%
Enterprise Value to Invested Capital (EV/IC)		 0.53 0.85 0.61 0.61 0.53 0.58 0.42 0.38 0.43 0.33
Enterprise Value to Revenue (EV/Rev)		 1.51 2.92 2.03 1.73 1.54 1.77 1.29 1.18 1.37 1.05
Enterprise Value to EBITDA (EV/EBITDA)		 4.10 8.01 5.56 4.85 4.46 5.14 3.99 3.70 4.37 3.34
Enterprise Value to EBIT (EV/EBIT)		 4.29 8.37 5.80 5.07 4.66 5.49 4.28 3.96 4.66 3.53
Enterprise Value to NOPAT (EV/NOPAT)		 5.27 10.36 7.19 6.30 5.80 6.80 5.29 4.89 5.74 4.36
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.58 10.22 7.12 6.75 6.31 8.39 5.23 4.86 4.59 3.33
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 13.10 2.64 2.31 16.38 0.00 16.06
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.20 0.45 0.38 0.19 0.19 0.18 0.18 0.18 0.17 0.17
Long-Term Debt to Equity		 0.20 0.20 0.19 0.19 0.19 0.18 0.18 0.18 0.17 0.17
Financial Leverage		 0.20 0.35 0.32 0.21 0.20 0.31 0.28 0.18 0.18 0.18
Leverage Ratio		 10.30 11.10 11.18 11.26 10.37 10.19 10.12 10.16 10.17 10.11
Compound Leverage Factor		 10.30 11.10 11.18 11.26 10.37 10.19 10.12 10.16 10.17 10.11
Debt to Total Capital		 16.84% 30.87% 27.45% 16.01% 16.03% 15.51% 15.35% 15.18% 14.77% 14.69%
Short-Term Debt to Total Capital		 0.00% 17.24% 13.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 16.84% 13.62% 13.90% 16.01% 16.03% 15.51% 15.35% 15.18% 14.77% 14.69%
Preferred Equity to Total Capital		 9.31% 7.53% 7.67% 8.83% 8.84% 8.55% 8.45% 8.35% 8.12% 8.07%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 73.85% 61.61% 64.88% 75.16% 75.14% 75.94% 76.19% 76.46% 77.10% 77.23%
Debt to EBITDA		 1.31 2.90 2.48 1.28 1.34 1.37 1.46 1.49 1.50 1.47
Net Debt to EBITDA		 -1.32 1.60 0.22 -0.25 -1.00 -1.53 -2.74 -3.21 -3.64 -4.74
Long-Term Debt to EBITDA		 1.31 1.28 1.26 1.28 1.34 1.37 1.46 1.49 1.50 1.47
Debt to NOPAT		 1.69 3.75 3.21 1.67 1.75 1.81 1.94 1.97 1.97 1.93
Net Debt to NOPAT		 -1.70 2.07 0.28 -0.33 -1.30 -2.02 -3.63 -4.25 -4.78 -6.19
Long-Term Debt to NOPAT		 1.69 1.66 1.62 1.67 1.75 1.81 1.94 1.97 1.97 1.93
Noncontrolling Interest Sharing Ratio		 11.20% 11.87% 11.89% 11.88% 10.85% 10.49% 10.27% 10.17% 10.00% 9.78%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -604 -205 -206 -113 -20 106 82 -24 -44 -25
Operating Cash Flow to CapEx		 384.11% 642.35% 0.00% 306.73% 718.36% 936.47% 623.31% 0.00% 635.60% 655.50%
Free Cash Flow to Firm to Interest Expense		 -112.06 -17.63 -10.86 -4.49 -0.70 3.35 2.51 -0.70 -1.22 -0.71
Operating Cash Flow to Interest Expense		 3.06 2.22 0.25 0.46 0.46 0.56 0.38 0.30 0.74 0.64
Operating Cash Flow Less CapEx to Interest Expense		 2.26 1.87 0.34 0.31 0.39 0.50 0.32 0.43 0.62 0.54
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 3.27 3.45 3.43 3.37 3.25 3.14 3.05 2.90 2.88 3.03
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 621 768 753 654 654 676 684 692 711 716
Invested Capital Turnover		 0.69 0.34 0.36 0.39 0.35 0.31 0.31 0.33 0.33 0.33
Increase / (Decrease) in Invested Capital		 621 221 223 126 33 -92 -70 37 57 40
Enterprise Value (EV)		 327 655 463 396 348 395 286 260 307 238
Market Capitalization		 374 466 387 359 368 454 425 429 505 518
Book Value per Share		 $27.19 $22.39 $23.14 $23.35 $23.41 $24.57 $24.77 $25.18 $26.13 $26.34
Tangible Book Value per Share		 $24.57 $20.31 $21.05 $21.25 $21.30 $22.46 $22.67 $23.08 $24.03 $24.25
Total Capital		 621 768 753 654 654 676 684 692 711 716
Total Debt		 105 237 207 105 105 105 105 105 105 105
Total Long-Term Debt		 105 105 105 105 105 105 105 105 105 105
Net Debt		 -105 131 18 -20 -78 -117 -196 -226 -256 -338
Capital Expenditures (CapEx)		 4.29 4.01 -1.61 3.78 1.80 1.89 2.00 -4.44 4.15 3.39
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 105 237 207 105 105 105 105 105 105 105
Total Depreciation and Amortization (D&A)		 1.34 0.32 0.67 1.16 1.23 1.83 0.58 1.03 0.97 1.41
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.90 $0.67 $0.73 $0.61 $0.60 $0.62 $0.55 $0.57 $0.61 $0.66
Adjusted Weighted Average Basic Shares Outstanding		 21.12M 21.12M 21.04M 20.92M 20.86M 21.02M 20.82M 20.83M 20.84M 20.98M
Adjusted Diluted Earnings per Share		 $0.90 $0.67 $0.73 $0.61 $0.60 $0.61 $0.55 $0.56 $0.61 $0.67
Adjusted Weighted Average Diluted Shares Outstanding		 21.12M 21.12M 21.08M 20.96M 20.90M 21.02M 20.89M 20.89M 20.91M 20.98M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 21.12M 21.12M 21.06M 21.00M 20.90M 21.02M 21.00M 21.00M 20.99M 20.98M
Normalized Net Operating Profit after Tax (NOPAT)		 17 16 16 14 14 14 13 13 14 15
Normalized NOPAT Margin		 28.73% 26.54% 29.61% 24.89% 24.91% 24.59% 23.26% 23.74% 23.87% 25.38%
Pre Tax Income Margin		 35.73% 33.20% 36.64% 30.89% 31.09% 30.16% 28.49% 29.32% 29.58% 31.38%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 3.84 1.71 1.07 0.68 0.61 0.54 0.47 0.46 0.48 0.54
NOPAT to Interest Expense		 3.08 1.37 0.87 0.55 0.49 0.44 0.39 0.37 0.39 0.43
EBIT Less CapEx to Interest Expense		 3.04 1.37 1.16 0.53 0.54 0.48 0.41 0.59 0.37 0.44
NOPAT Less CapEx to Interest Expense		 2.29 1.02 0.95 0.40 0.42 0.38 0.32 0.50 0.27 0.34
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 26.01% 26.68% 27.31% 29.16% 31.77% 32.74% 35.06% 35.64% 35.69% 35.21%
Augmented Payout Ratio		 30.33% 29.33% 31.20% 36.83% 42.88% 44.33% 43.24% 40.44% 37.04% 36.38%

Key Financial Trends

CNB Financial (NASDAQ: CCNE) has demonstrated consistent financial performance over the past two years across income, cash flow, and balance sheet statements, with some notable trends as of the latest data in Q4 2024.

Positive Highlights:

  • Net interest income increased to $49.04 million in Q4 2024 from $47.49 million in Q3 2024, reflecting growth in core lending operations.
  • Total revenue grew from $58.46 million in Q3 2024 to $59.37 million in Q4 2024, driven by higher net interest income and steady non-interest income of around $10 million.
  • Net income attributable to common shareholders rose from $12.88 million in Q3 2024 to $13.99 million in Q4 2024, indicating solid profitability improvements.
  • Provision for credit losses increased only slightly to $2.93 million in Q4 2024, which remains manageable relative to loan portfolio size.
  • CNB Financial consistently generated strong cash flow from operating activities, with $22.24 million in Q4 2024, supporting ongoing operations and investments.
  • Deposits grew significantly with a net increase of $154.4 million in Q4 2024, improving liquidity and funding stability for the bank.
  • The company maintained a stable loan portfolio with loans and leases net of allowance increasing steadily to approximately $4.55 billion in Q3 2024 from prior quarters.
  • Total common equity grew to $548.6 million in Q3 2024, supporting capital adequacy with a solid equity base.
  • Dividends per share remained consistent at $0.18 in Q4 2024, signaling commitment to shareholder returns.
  • Diluted earnings per share improved quarter-over-quarter to $0.67 in Q4 2024 compared to $0.61 in Q3 2024, indicating improved bottom-line per share performance.

Neutral Items:

  • Investment securities interest income showed some volatility quarter to quarter, with $9.51 million in Q4 2024 vs. $7.51 million in Q3 2024, reflecting sensitivity to market conditions.
  • Other non-interest income and investment banking income remain a smaller but steady component, around $2.9 million combined in Q4 2024, contributing to revenue diversification.
  • Allowance for loan and lease losses increased moderately to about $46.6 million in Q3 2024 from prior quarters, a typical adjustment in line with loan growth.
  • Purchase and sale of investment securities remain sizeable with net cash outflows from investing activities of $89.7 million in Q4 2024 reflecting active portfolio management.
  • Marketing and insurance claim expenses are relatively stable, showing regular operating costs without major fluctuations.

Negative Aspects:

  • Total interest expenses rose marginally from $34.6 million in Q4 2024 compared to prior quarters, largely due to increased deposit costs amid higher interest rates.
  • Non-interest expenses were elevated at $37.8 million in Q4 2024, slightly lower than Q3 2024 but still representing a significant portion of total revenue (about 64%).
  • Net cash flows from investing activities show significant negative figures each quarter due to large purchases of investment securities, potentially pressuring liquidity if sustained.
  • The bank’s accumulated other comprehensive income remains negative at -$37.3 million in Q3 2024, reflecting unrealized losses on certain investments or hedging activities.
  • Long-term debt and other liabilities have slightly increased, with long-term debt at $105 million as of Q3 2024, adding to the financing cost burden.

Summary: CNB Financial's financials show steady growth in loans, deposits, and net income, with improving profitability and capital metrics. The bank benefits from strong core interest income growth and disciplined credit loss management. However, it faces pressure from rising interest expenses and significant investment activity causing cash outflows. Operating expenses remain a large expense, requiring ongoing cost controls. The consistent dividend payments and improving EPS suggest confidence in future earnings. Investors should watch for continued deposit growth, investment portfolio management, and expense trends as key indicators.

09/10/25 04:35 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About CNB Financial's Financials

When does CNB Financial's financial year end?

According to the most recent income statement we have on file, CNB Financial's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has CNB Financial's net income changed over the last 2 years?

CNB Financial's net income appears to be on a downward trend, with a most recent value of $54.58 million in 2024, falling from $63.19 million in 2022. The previous period was $58.02 million in 2023. Check out CNB Financial's forecast to explore projected trends and price targets.

How has CNB Financial's revenue changed over the last 2 years?

Over the last 2 years, CNB Financial's total revenue changed from $224.43 million in 2022 to $226.58 million in 2024, a change of 1.0%.

How much debt does CNB Financial have?

CNB Financial's total liabilities were at $5.58 billion at the end of 2024, a 7.7% increase from 2023, and a 12.9% increase since 2022.

How much cash does CNB Financial have?

In the past 2 years, CNB Financial's cash and equivalents has ranged from $54.79 million in 2023 to $63.77 million in 2024, and is currently $63.77 million as of their latest financial filing in 2024.

How has CNB Financial's book value per share changed over the last 2 years?

Over the last 2 years, CNB Financial's book value per share changed from 22.39 in 2022 to 26.34 in 2024, a change of 17.6%.


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This page (NASDAQ:CCNE) was last updated on 9/10/2025 by MarketBeat.com Staff
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