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CNB Financial Corporation operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as other specialized financial services. It also provides private banking services; and wealth and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans, as well as a range of wealth management services. In addition, the company invests in debt and equity securities; sells nonproprietary annuities and other insurance products; and offers small balance unsecured loans, and secured loans primarily collateralized by automobiles and equipment, as well as engages in consumer discount loan and finance business. The company was founded in 1865 and is headquartered in Clearfield, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $277M | - | $66M | $59M | 8.1% | 24.8% | 21.2% |
| 2024 | $222M | - | $55M | $55M | 9.9% | 1.8% | -5.9% |
| 2023 | $218M | - | $58M | $36M | 11.3% | -0.7% | -8.2% |
| 2022 | $220M | - | $63M | $52M | 13.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 219.62 | 218.14 | 222.01 | 277.02 |
| Operating Revenue | - | 219.62 | 218.14 | 222.01 | 277.02 |
| Selling General And Administration | - | 77.14 | 78.07 | 80.80 | 96.61 |
| Interest Income | - | 213.58 | 293.23 | 325.10 | 391.52 |
| Interest Expense | - | 24.08 | 103.87 | 138 | 150.31 |
| Net Interest Income | - | 189.50 | 189.36 | 187.09 | 241.22 |
| Pretax Income | - | 78.21 | 71.83 | 67.36 | 82.46 |
| Tax Provision | - | 15.03 | 13.81 | 12.78 | 16.33 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | -2.74 |
| Net Income Continuous Operations | - | 63.19 | 58.02 | 54.58 | 66.13 |
| Net Income From Continuing And Discontinued Operation | - | 63.19 | 58.02 | 54.58 | 66.13 |
| Net Income From Continuing Operation Net Minority Interest | - | 63.19 | 58.02 | 54.58 | 66.13 |
| Net Income | - | 63.19 | 58.02 | 54.58 | 66.13 |
| Net Income Common Stockholders | - | 58.66 | 53.44 | 49.88 | 61.35 |
| Net Income Including Noncontrolling Interests | - | 63.19 | 58.02 | 54.58 | 66.13 |
| Normalized Income | - | 63.19 | 58.02 | 54.58 | 77.22 |
| Diluted NI Availto Com Stockholders | - | 58.66 | 53.44 | 49.88 | 61.35 |
| Basic Average Shares | - | 21.01 | 20.90 | 20.99 | 29.47 |
| Diluted Average Shares | - | 21.01 | 20.94 | 20.99 | 29.47 |
| Reconciled Depreciation | - | 6.57 | 7.74 | 8.27 | 10.91 |
| Total Unusual Items | - | 0 | 0 | 0 | -13.82 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | 0 | -13.82 |
| Preferred Stock Dividends | - | 4.30 | 4.30 | 4.30 | 4.30 |
| Special Income Charges | - | 0 | 0 | 0 | -13.82 |
| Restructuring And Mergern Acquisition | - | 0 | 0 | 0 | 13.82 |
| Gain On Sale Of Security | - | -0.50 | -0.34 | 0.83 | 2.43 |
| Depreciation Amortization Depletion Income Statement | 0.11 | - | 0.08 | 0.07 | 1.85 |
| Depreciation And Amortization In Income Statement | 0.11 | - | 0.08 | 0.07 | 1.85 |
| General And Administrative Expense | - | 74.26 | 74.94 | 78.25 | 93.79 |
| Other Gand A | 13.81 | - | - | - | - |
| Salaries And Wages | - | 71.46 | 71.06 | 74.54 | 89.72 |
| Insurance And Claims | - | 2.80 | 3.88 | 3.72 | 4.06 |
| Selling And Marketing Expense | - | 2.89 | 3.13 | 2.54 | 2.82 |
| Otherunder Preferred Stock Dividend | - | 0.23 | 0.28 | 0.39 | 0.48 |
| Amortization | 0.11 | - | 0.08 | 0.07 | 1.85 |
| Amortization Of Intangibles Income Statement | 0.11 | - | 0.08 | 0.07 | 1.85 |
| Occupancy And Equipment | - | 13.30 | 14.51 | 14.74 | 18.22 |
| Professional Expense And Contract Services Expense | - | 4.17 | 4.41 | 4.22 | 4.49 |
| Other Non Interest Expense | - | 38.21 | 43.24 | 45.60 | 50.71 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CNB Financial Corporationthis co. | CCNE | $918M | 13.89↑ premium | 1.13 | 8.1% | - |
| Esquire Financial Holdings, Inc. | ESQ | $938M | 18.46 | 3.24 | 17.5% | - |
| Ategrity Specialty Insurance Company Holdings | ASIC | $934M | 12.62 | 1.52 | 12.0% | - |
| Business First Bancshares, Inc. | BFST | $928M | 10.56 | 1.12 | 10.7% | - |
| Five Star Bancorp |
| - |
| - |
| - |
| - |
| - |
| FSBC |
| $922M |
| 14.97 |
| 2.07 |
| 13.8% |
| - |
| TrustCo Bank Corp NY | TRST | $920M | 15.05 | 1.34 | 8.9% | - |
| Mercantile Bank Corporation | MBWM | $909M | 10.24 | 1.25 | 12.2% | - |
| Central Pacific Financial Corp. | CPF | $908M | 11.72 | 1.53 | 13.1% | - |
| Hanmi Financial Corporation | HAFC | $907M | 11.92 | 1.14 | 9.6% | - |
| Peer Median | - | 12.27 | 1.43 | 12.1% | - | |