Cnb Financial Stock Price, News & Analysis

CNB Bank has announced the launch of a new banking division, Impressia Bank, aimed at supporting women business owners and leaders. Scheduled to open in early 2023, Impressia Bank will provide full-service banking and specialized services, including SBA and grant advisory services, tailored to the needs of women entrepreneurs. The division will initially serve CNB's current geographic areas before expanding online. Impressia Bank aims to address the barriers women face in access to capital and financial literacy, fostering community support among women business owners.

CNB Financial Corporation (NASDAQ: CCNE) announced the appointment of Michael Peduzzi to its Board of Directors effective January 1, 2023. Peduzzi, who is currently the President and CEO of CNB Bank, will succeed Joseph B. Bower, Jr. upon his retirement on December 31, 2022. With over 34 years of experience in banking and financial services, Peduzzi aims to bring valuable insights to the board. The company, with consolidated assets of about $5.3 billion, operates CNB Bank, which offers a comprehensive range of banking services across several states.

The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) has announced a quarterly cash dividend of $0.175 per share. This dividend is payable on December 15, 2022, to shareholders of record as of December 1, 2022. CNB Financial Corporation, with consolidated assets of approximately $5.3 billion, operates through its principal subsidiary, CNB Bank, which offers a range of banking services across several states, including Pennsylvania, Ohio, New York, and Virginia.

CNB Financial Corporation (CCNE) has announced a quarterly cash dividend of $0.4453125 per depositary share, following the declaration of $17.8125 per share on its Series A Preferred Stock. This dividend is set to be paid on December 1, 2022, to shareholders who are on record by November 17, 2022. With consolidated assets of approximately $5.3 billion, CNB Financial operates through its principal subsidiary, CNB Bank, which provides a broad range of financial services across several states.

CNB Financial Corporation (CCNE) reported strong financial results for the third quarter and nine months ended September 30, 2022. Net income for Q3 was $15.5 million ($0.90 per diluted share), a 12.4% increase year-over-year. The company raised $100 million through a common stock offering, bolstering its capital for growth and acquisitions. Total revenue reached $57.9 million for Q3, up 18.8%, driven by a 23.9% increase in net interest income. Despite a decrease in total deposits by 1.9%, nonperforming assets increased slightly to $21.8 million, or 0.41% of total assets.

CNB Financial Corporation (NASDAQ: CCNE) announced a public offering of 3,702,127 shares at $23.50 each, generating approximately $87 million in gross proceeds. After fees, net proceeds are projected to be about $81.7 million, which will be used for general corporate purposes, including working capital and potential acquisitions. Additionally, underwriters have a 30-day option to buy 555,319 more shares. The offering is set to close on or around September 21, 2022.

CNB Financial Corporation (NASDAQ: CCNE) announced an underwritten public offering of $87 million of its common stock, with a potential additional 15% for over-allotments. Proceeds will be used for general corporate purposes, including working capital and funding growth or acquisitions. The offering is under an effective shelf registration statement previously filed with the SEC. The company is advised by PNC FIG Advisory and Janney Montgomery Scott LLC.

The Board of Directors of CNB Financial Corporation (CCNE) announced a quarterly cash dividend of $0.175 per share, payable on September 15, 2022, to shareholders recorded as of September 1, 2022. CNB Financial Corporation, with consolidated assets of approximately $5.3 billion, operates primarily through CNB Bank, providing a comprehensive range of banking services, including wealth management and trust services. The bank serves a diverse customer base across Pennsylvania, Ohio, New York, and Virginia.

The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) declared a quarterly cash dividend of $0.4453125 per depositary share, correlating to a $17.8125 dividend per share on its Series A Preferred Stock. This dividend is scheduled for payment on September 1, 2022, for shareholders on record as of August 18, 2022. CNB Financial Corporation, a financial holding company with approximately $5.3 billion in consolidated assets, operates CNB Bank, providing various banking services across several states.