Welcome to our dedicated page for Cnb Financial news (Ticker: CCNE), a resource for investors and traders seeking the latest updates and insights on Cnb Financial stock.
CNB Financial Corporation (CCNE) delivers community-focused banking solutions across Pennsylvania and Ohio through retail/commercial banking, wealth management, and digital services. This news hub provides investors and stakeholders with essential updates on CCNE's strategic developments and market position.
Access real-time announcements including quarterly earnings disclosures, merger/acquisition activity, leadership changes, and regulatory filings. Our curated news collection enables informed analysis of CCNE's performance in commercial lending, deposit growth trends, and digital banking expansion.
Key content categories feature financial results, operational milestones, governance updates, and industry recognition. Track CCNE's initiatives in small business lending programs, trust service enhancements, and regional economic partnerships.
Bookmark this page for centralized access to verified CCNE developments. Combine these updates with SEC filings and market analysis for comprehensive investment research.
CNB Financial Corporation (NASDAQ: CCNE) reported net income of $15.4 million, or $0.73 per diluted share, for Q1 2023, reflecting a sequential increase from Q4 2022. However, this represents a year-over-year decline from $0.84 per diluted share in Q1 2022, primarily due to dilution from a stock offering in September 2022. Total deposits rose by $131.7 million to $4.8 billion, driven by growth in treasury management and new customer relationships. Total loans increased by $34.7 million, reaching $4.2 billion, while net interest income decreased to $47.6 million from the previous quarter. The efficiency ratio improved to 61.04%, and total non-interest income fell to $8.0 million. Regulatory capital ratios remain strong, and the corporation reported $546.4 million in shareholder equity. The average deposit per account is approximately $31,000 with excess liquidity sources exceeding uninsured deposits.
The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.175 per share, payable on March 15, 2023, to shareholders of record as of March 1, 2023. CNB Financial Corporation has consolidated assets totaling approximately $5.5 billion and operates primarily through its subsidiary, CNB Bank, which offers a comprehensive range of banking services. The bank has a strong presence with 47 full-service offices in Pennsylvania, Ohio, New York, and Virginia, highlighting its expansive operation in multiple states.
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