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CCNE CNB Financial Corp

CNB Financial Corp. is a financial holding company, which engages in the provision of banking and financial solutions. It operates through Reviewed and Homogeneous segments. The Reviewed Pool segment includes commercial, industrial, and agricultural; and commercial mortgages. The Homogeneous segment composes of residential real estate; consumer; credit cards; and overdrafts. The company was founded in 1983 and is headquartered in Clearfield, PA.

Company profile

Ticker
CCNE, CCNEP
Exchange
CEO
Joseph Bower
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
251450605

CCNE stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 Mar 21
21 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 532.69M 532.69M 532.69M 532.69M 532.69M 532.69M
Cash burn (monthly) 7.75M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 28.69M n/a n/a n/a n/a n/a
Cash remaining 504M n/a n/a n/a n/a n/a
Runway (months of cash) 65.0 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Mar 21 Scott Nicholas N. Jr. common stock Buy Aquire P No No 25.2793 35.462 896.45 18,995.47
12 Mar 21 Young Julie M. common stock Buy Aquire P No No 25.28 35.462 896.48 2,048.22
24 Feb 21 Joseph B Bower JR common stock Grant Aquire A No No 21.03 5,640 118.61K 58,739
24 Feb 21 Dell Joseph E Jr common stock Grant Aquire A No No 21.03 1,144 24.06K 12,557

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

39.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 81 93 -12.9%
Opened positions 6 19 -68.4%
Closed positions 18 10 +80.0%
Increased positions 34 27 +25.9%
Reduced positions 26 27 -3.7%
13F shares
Current Prev Q Change
Total value 380.93M 226.56M +68.1%
Total shares 6.62M 6.7M -1.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 935.49K $19.92M +1.7%
Vanguard 786.48K $16.75M +3.1%
Dimensional Fund Advisors 621.5K $13.23M +1.9%
Wellington Management 550.23K $11.71M +28.8%
Emerald Advisers 361.54K $7.7M -0.4%
NTRS Northern Trust 308.92K $6.58M -3.3%
STT State Street 276.52K $5.89M -6.7%
Geode Capital Management 234.52K $4.99M +4.0%
SF Stifel Financial 208.83K $4.45M +0.4%
CNB Bank 199.32K $4.24M +0.3%
Largest transactions
Shares Bought/sold Change
Cambridge Investment Research Advisors 138.55K +138.55K NEW
Wellington Management 550.23K +123.07K +28.8%
Royce & Associates 172.15K -70.28K -29.0%
Renaissance Technologies 158.7K -54.3K -25.5%
Millennium Management 25.35K -44.21K -63.6%
GS Goldman Sachs 0 -39.82K EXIT
Banc Funds 195.16K +35.34K +22.1%
Swiss National Bank 0 -34.3K EXIT
Cornercap Investment Counsel 0 -32.55K EXIT
JPM JPMorgan Chase & Co. 44.99K +31.26K +227.8%

Financial report summary

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Management Discussion
  • Net income was $32.7 million, or $1.97 per diluted common share, for the year ended December 31, 2020. Pre-tax pre-provision ("PTPP") income was $55.4 million, for the twelve months ended December 31, 2020. Excluding after-tax merger costs related to CNB's acquisition of Bank of Akron, FHLB prepayment penalties and branch closure costs totaling a combined $10.2 million, net income was $42.9 million, or $2.60 per diluted common share, for the year ended December 31, 2020, compared to $40.2 million, or $2.64 per diluted share, for the year ended December 31, 2019, reflecting an increase of $2.7 million, or 6.7%, and a decrease of $0.04 per diluted common share, or 1.5%. For the year ended December 31, 2020, excluding the impact of merger, prepayment penalties and branch closure costs PTPP income was $68.1 million, representing an increase of approximately $13.3 million, or 24.2%, from the same period in 2019.1
Content analysis
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Positive
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Legalese
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Readability
H.S. sophomore V bad
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