CNB Financial Corp (PA) - CCNE STOCK NEWS

CNB Financial Corporation (CCNE) declares a quarterly cash dividend of $0.175 per share, reflecting a strong financial position with consolidated assets of $5.8 billion. The company's subsidiary, CNB Bank, offers a wide range of banking services across multiple states.

CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.4453125 per depositary share, resulting from the Corporation’s declaration of a quarterly cash dividend of $17.8125 per share on its Series A Preferred Stock. The dividend is payable on March 1, 2024, to holders of record as of February 16, 2024. CNB Financial Corporation is a financial holding company with consolidated assets of approximately $5.8 billion, conducting business primarily through its principal subsidiary, CNB Bank, offering a full range of banking activities and services. CNB Bank operates in Pennsylvania, Ohio, New York, and Virginia, with divisions including ERIEBANK, FCBank, BankOnBuffalo, Ridge View Bank, and Impressia Bank, focusing on banking opportunities for women.

CNB Financial Corporation (NASDAQ: CCNE) reported a net income of $12.9 million for the three months ended December 31, 2023, compared to $12.7 million for the previous quarter. For the twelve months ended December 31, 2023, earnings were $53.7 million, a decrease from $58.9 million for the same period in 2022. Total deposits were $5.0 billion, showing a slight decrease from the previous quarter but an increase of $376.3 million from December 31, 2022. The Corporation's total estimated uninsured deposits were approximately $1.4 billion, with a decrease from the previous quarter. Loans totaled $4.4 billion, reflecting a decrease of $9.3 million from the previous quarter but an increase of $241.3 million from December 31, 2022. Nonperforming assets were approximately $31.8 million, showing an increase from the previous quarter and the same period in 2022. Net loan charge-offs for the quarter ended December 31, 2023, were $1.2 million, an increase from the previous quarter and the same period in 2022. Pre-provision net revenue (PPNR) was $18.4 million for the three months ended December 31, 2023, reflecting a slight increase from the previous quarter but a decrease from the same period in 2022.

CNB Financial Corporation (CCNE) Elects Jeffrey S. Powell as Chairperson of the Board of Directors

CNB Financial Corporation (Nasdaq: CCNE) declares a quarterly cash dividend of $0.175 per share of common stock, payable on December 15, 2023. The company, with consolidated assets of approximately $5.7 billion, operates primarily through its subsidiary, CNB Bank, offering a full range of banking activities and services. CNB Bank has multiple divisions and operates in Pennsylvania, Ohio, New York, and Virginia.

CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.4453125 per depositary share, payable on December 1, 2023. The Corporation's consolidated assets are approximately $5.7 billion.

CNB Financial Corporation announces earnings for Q3 2023, with a decrease in diluted earnings per share compared to previous quarters. Total deposits, loans, and assets show growth. The Corporation repurchased common shares and experienced an increase in deposit balances. The Corporation maintains strong liquidity and capital ratios. Loan growth was seen in expansion markets and the Private Banking division. Nonperforming assets increased due to one commercial real estate relationship.