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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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) reported consistent earnings growth across recent quarters, supported by solid net interest income and a well-managed expense base. Key trends and financial highlights over the last several years include the following:
- Net interest income has showed steady quarterly improvement, reaching approximately $49 million in Q4 2024, up from around $45 million in early 2023 and $50 million in late 2022, indicating growth in the core lending and investment business.
- Quarterly net income attributable to common shareholders increased from about $12 million in Q2 2023 to nearly $14 million in Q4 2024, reflecting improved profitability.
- Total deposits grew significantly, increasing net cash from financing activities by over $154 million in Q4 2024 and showing strong customer and business deposit inflows.
- Provision for credit losses remained relatively moderate, peaking at $2.93 million in Q4 2024, which suggests CNB Financial is managing credit risk prudently despite loan growth.
- The company maintained stable earnings per share, which increased from $0.55-$0.57 per share in early 2024 to about $0.66-$0.67 in Q4 2024, signaling effective capital and share management supporting shareholder value.
- Balance sheet growth is modest but consistent, with total assets increasing from about $5.3 billion in mid-2022 to over $6 billion in late 2024, supporting incremental lending and investment opportunities.
- Operating expenses, including salaries and occupancy, have generally increased but are aligned with the company’s growth in revenue and assets, indicating controlled expense management.
- Cash flow from operations has remained positive and healthy, providing solid internal funding for investing and financing needs.
- Investment securities purchases and sales fluctuate quarter to quarter with sizable investments made (e.g., $259 million purchase in Q4 2022, $139 million purchase in Q4 2024 negative investing cash flow), suggesting potential interest rate and liquidity risk given changes in securities holdings.
- The company pays regular dividends and occasionally repurchases shares, which while positive for shareholders, slightly reduces liquidity available for reinvestment or loan growth.
Summary: CNB Financial has demonstrated steady growth in net interest income and net income over the trailing quarters, supported by strong deposit growth and manageable credit losses. Earnings per share have increased, reflecting effective capital management. However, the company’s significant investment activity in securities and ongoing cash outflows to dividends and share repurchases require close monitoring by investors for liquidity and interest rate risk. Overall, the fundamentals suggest a healthy regional bank with improving profitability and stable asset quality.
08/15/25 05:45 PMAI Generated. May Contain Errors.