CNB Financial Corp (OQ:CCNE)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1 S Second St PO Box 42 CLEARFIELD PA 16830-0042 |
| Tel: | N/A |
| Website: | https://cnbbank.bank/who-we-are/divisions-of-cnb |
| IR: | See website |
| Key People | ||
| Michael D. Peduzzi President, Chief Executive Officer of CNB Financial Corporation and CNB Bank, Director | Robin W. Mink Senior Vice President, Chief Treasury Management Officer of CNB Bank | Tito L. Lima Chief Financial Officer, Senior Executive Vice President of CNB Financial Corporation and CNB Bank, Treasurer |
| Richard Lee Greslick Senior Executive Vice President, Chief Operating Officer and Secretary of CNB Financial Corp. and CNB Bank, Director | Leanne D. Kassab Senior Executive Vice President, Chief Experience Officer of CNB Financial Corp and CNB Bank , Assistant Secretary | Anna K. Andersen Senior Vice President, Chief Risk Officer |
| Gregory M. Dixon Executive Vice President, Chief Risk Officer of CNB Bank | Martin T. Griffith Senior Executive Vice President, Chief Banking Officer of CNB Bank | Darryl P. Koch Senior Vice President, Chief Information Technology and Security Officer | Heather J. Koptchak Senior Vice President, Chief Employee Resources Officer |
| Business Overview |
| CNB Financial Corporation is a financial holding company. The Company conducts business primarily through its principal subsidiary, CNB Bank (the Bank). The Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental and institutional customers. The Bank's operations include a private banking division, two loan production offices, one drive-up office, one mobile office and 51 full-service offices in Pennsylvania, Ohio, New York and Virginia. Its ERIEBANK division operates in the Pennsylvania counties of Crawford, Erie, and Warren and in the Ohio counties of Ashtabula, Cuyahoga, Geauga, Lake, and Lorain. Its FCBank division operates in the Ohio counties of Crawford, Delaware, Franklin, Knox, Marion, Morrow and Richland. Its BankOnBuffalo division operates in the New York counties of Erie and Niagara. Its Impressia Bank division operates in the Bank's primary market areas. |
| Financial Overview |
| For the three months ended 31 March 2024, CNB Financial Corp interest income increased 17% to $77.9M. Net interest income after loan loss provision decreased 5% to $43.9M. Net income applicable to common stockholders decreased 25% to $11.4M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 11% to 3.38%, Net Interest Spread, Total - % decrease of 17% to 2.78%. |
| Employees: | 765 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $535.31M as of Mar 31, 2024 |
| Annual revenue (TTM): | $304.96M as of Mar 31, 2024 |
| EBITDA (TTM): | $79.51M as of Mar 31, 2024 |
| Net annual income (TTM): | $49.53M as of Mar 31, 2024 |
| Free cash flow (TTM): | $25.79M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $66.28M as of Mar 31, 2024 |
| Shares outstanding: | 21,003,568 as of Apr 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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