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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 | 7.6% | 24.8% | 21.2% |
| 2024 | $222M | - | $55M | $55M | 8.9% | 1.8% | -5.9% |
| 2023 | $218M | - | $58M | $36M | 10.2% | -0.7% | -8.2% |
| 2022 | $220M | - | $63M | $52M | 11.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 219.62 | 218.14 | 222.01 | 277.02 |
| Pretax Income | 78.21 | 71.83 | 67.36 | 82.47 |
| Tax Provision | 15.03 | 13.81 | 12.78 | 16.33 |
| Net Income | 63.19 | 58.02 | 54.58 | 66.13 |
| Net Income Common Stockholders | 58.66 | 53.44 | 49.88 | 61.35 |
| Interest Expense | 24.08 | 103.87 | 138 | 150.31 |
| Interest Income | 213.58 | 293.23 | 325.10 | 391.52 |
| Selling General And Administration | 77.14 | 78.07 | 80.80 | 96.61 |
| Normalized Income | 63.19 | 58.02 | 54.58 | 77.22 |
| Basic EPS | 2.80 | 2.57 | 2.40 | 0 |
| Diluted EPS | 2.80 | 2.55 | 2.39 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | -2.74 |
| Tax Rate For Calcs | 0.19 | 0.19 | 0.19 | 0.20 |
| Total Unusual Items | 0 | 0 | 0 | -13.82 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | -13.82 |
| Net Income From Continuing Operation Net Minority Interest | 63.19 | 58.02 | 54.58 | 66.13 |
| Reconciled Depreciation | 6.57 | 7.74 | 8.27 | 10.91 |
| Net Interest Income | 189.50 | 189.36 | 187.09 | 241.22 |
| Net Income From Continuing And Discontinued Operation | 63.19 | 58.02 | 54.58 | 66.13 |
| Diluted Average Shares | 21.01 | 20.94 | 20.99 | 0 |
| Basic Average Shares | 21.01 | 20.90 | 20.99 | 0 |
| Diluted NI Availto Com Stockholders | 58.66 | 53.44 | 49.88 | 61.35 |
| Otherunder Preferred Stock Dividend | 0.23 | 0.28 | 0.39 | 0.48 |
| Preferred Stock Dividends | 4.30 | 4.30 | 4.30 | 4.30 |
| Net Income Including Noncontrolling Interests | 63.19 | 58.02 | 54.58 | 66.13 |
| Net Income Continuous Operations | 63.19 | 58.02 | 54.58 | 66.13 |
| 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 | 0.08 | 0.07 | 1.85 |
| Depreciation And Amortization In Income Statement | 0 | 0.08 | 0.07 | 1.85 |
| Amortization | 0 | 0.08 | 0.07 | 1.85 |
| Amortization Of Intangibles Income Statement | 0 | 0.08 | 0.07 | 1.85 |
| Selling And Marketing Expense | 2.89 | 3.13 | 2.54 | 2.82 |
| General And Administrative Expense | 74.26 | 74.94 | 78.25 | 93.79 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 2.80 | 3.88 | 3.72 | 4.06 |
| Salaries And Wages | 71.46 | 71.06 | 74.54 | 89.72 |
| Operating Revenue | 219.62 | 218.14 | 222.01 | 277.02 |
| 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 | $899M | 10.57↓ discount | 1.09 | 7.6% | - |
| MetroCity Bankshares, Inc. | MCBS | $916M | 11.50 | 1.69 | 12.6% | - |
| Horizon Bancorp, Inc. | HBNC | $914M | - | 1.31 | -21.9% | - |
| Esquire Financial Holdings, Inc. | ESQ | $910M | 17.75 | 2.87 | 17.5% | - |
| Abacus Global Management, Inc. | ABX |
| $902M |
| 26.06 |
| 2.18 |
| 8.7% |
| 11.09 |
| Business First Bancshares, Inc. | BFST | $879M | 9.55 | 0.96 | 9.8% | - |
| Mercantile Bank Corporation | MBWM | $876M | 9.08 | 1.19 | 12.2% | - |
| NB Bancorp, Inc. | NBBK | $876M | 14.28 | 0.95 | 5.9% | - |
| TrustCo Bank Corp NY | TRST | $865M | 13.37 | 1.19 | 8.9% | - |
| Peer Median | - | 13.37 | 1.25 | 9.4% | 11.09 | |