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
Website
CEO
Joseph Bower
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
251450605
CCNE stock data
()
Press releases
CNB Financial Corporation Reports First Quarter 2021 Earnings Per Share of $0.78 Compared to $0.57 for First Quarter 2020
19 Apr 21
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of CNB Financial Corporation (CCNE)
6 Apr 21
CNB Financial Announces Quarterly Dividend for Common Stock
10 Feb 21
CNB Financial Announces Quarterly Dividend for Series A Preferred Stock and Related Depositary Shares Distribution
2 Feb 21
CNB Financial Corporation Reports Fourth Quarter 2020 Earnings per Share of $0.40 Compared to $0.69 for Fourth Quarter 2019
26 Jan 21
Investment data
Securities sold
Number of investors
Calendar
4 Mar 21
21 Apr 21
31 Dec 21
Financial summary
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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 |
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 81 |
Opened positions | 6 |
Closed positions | 18 |
Increased positions | 34 |
Reduced positions | 26 |
13F shares |
Current |
---|---|
Total value | 380.93M |
Total shares | 6.62M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 935.49K | $19.92M |
Vanguard | 786.48K | $16.75M |
Dimensional Fund Advisors | 621.5K | $13.23M |
Wellington Management | 550.23K | $11.71M |
Emerald Advisers | 361.54K | $7.7M |
NTRS Northern Trust | 308.92K | $6.58M |
STT State Street | 276.52K | $5.89M |
Geode Capital Management | 234.52K | $4.99M |
SF Stifel Financial | 208.83K | $4.45M |
CNB Bank | 199.32K | $4.24M |
Financial report summary
?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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H.S. sophomore V bad
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New words:
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Removed:
accretable, accretion, advance, arrive, attendant, carryover, certified, collectible, commensurate, compute, concurrent, confirmed, content, coverage, credited, customarily, deductibility, depreciable, dictate, Dover, downtown, Duncansville, eliminate, employment, entertainment, FICO, flat, focused, Hollidaysburg, Hope, inflow, lessee, limitation, lowest, matched, measuring, minimize, Mount, nonaccretable, nonvested, noting, opened, Orchard, outdated, Park, plotted, positioned, pronounced, Prudent, ran, rationale, remuneration, restructured, reviewing, seller, semiannually, slightly, supplemented, threshold, track, ultimately, unchanged, unclassified, uncollectibility, unimpaired, unknown, vault, vital, wage, weight, Williamsville
Financial reports
10-K
2020 FY
Annual report
4 Mar 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
5 Mar 20
10-Q
2019 Q3
Quarterly report
6 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
7 Mar 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
Current reports
8-K
Regulation FD Disclosure
20 Apr 21
8-K
CNB Financial Corporation Reports First Quarter 2021 Earnings Per Share of $0.78 Compared to $0.57 for First Quarter 2020
19 Apr 21
8-K
CNB Financial Announces Quarterly Dividend for Common Stock
10 Feb 21
8-K
Departure of Directors or Certain Officers
5 Feb 21
8-K
CNB Financial Announces Quarterly Dividend for Series a Preferred Stock and Related Depositary Shares Distribution
2 Feb 21
8-K
CNB Financial Corporation Reports Fourth Quarter 2020 Earnings Per Share of $0.40 Compared to $0.69 for Fourth Quarter 2019
26 Jan 21
8-K
Other Events
16 Dec 20
8-K
Regulation FD Disclosure
2 Dec 20
8-K
CNB Financial Announces Quarterly Dividend for Common Stock and Series a Preferred Stock and Related Depositary Shares Distribution
10 Nov 20
8-K
CNB Financial Corporation Reports Third Quarter 2020 Earnings Per Share of $0.47 Compared to $0.68 for Third Quarter 2019
20 Oct 20
Registration and prospectus
8-A12B
Registration of securities on exchange
25 Aug 20
424B5
Prospectus supplement for primary offering
21 Aug 20
FWP
Free writing prospectus
20 Aug 20
FWP
Free writing prospectus
17 Aug 20
424B5
Prospectus supplement for primary offering
17 Aug 20
S-3/A
Shelf registration (amended)
18 Jun 20
425
Business combination disclosure
13 Mar 20
424B3
Prospectus supplement
10 Feb 20
S-4/A
Registration of securities issued in business combination transactions (amended)
7 Feb 20
S-4
Registration of securities issued in business combination transactions
30 Jan 20
Proxies
DEF 14A
Definitive proxy
11 Mar 21
DEF 14A
Definitive proxy
11 Mar 20
DEF 14A
Definitive proxy
13 Mar 19
PRE 14A
Preliminary proxy
1 Mar 19
DEF 14A
Definitive proxy
12 Mar 18
DEF 14A
Definitive proxy
13 Mar 17
DEF 14A
Definitive proxy
14 Mar 16
DEF 14A
Definitive proxy
16 Mar 15
DEF 14A
Definitive proxy
13 Mar 14
DEF 14A
Definitive proxy
14 Mar 13
Other
EFFECT
Notice of effectiveness
26 Jun 20
CORRESP
Correspondence with SEC
22 Jun 20
EFFECT
Notice of effectiveness
11 Feb 20
CORRESP
Correspondence with SEC
6 Feb 20
UPLOAD
Letter from SEC
3 Feb 20
EFFECT
Notice of effectiveness
25 Jan 17
EFFECT
Notice of effectiveness
15 Jan 14
EFFECT
Notice of effectiveness
23 Oct 13
UPLOAD
Letter from SEC
7 Aug 13
EFFECT
Notice of effectiveness
5 Aug 13
Ownership
4
CNB FINANCIAL / Julie M. Young ownership change
12 Mar 21
4
CNB FINANCIAL / Nicholas N. Jr. Scott ownership change
12 Mar 21
3
CNB FINANCIAL / N. Michael Obi ownership change
9 Mar 21
4/A
CNB FINANCIAL / PETER F SMITH ownership change
24 Feb 21
4
CNB FINANCIAL / Steven R Shaffner Shilling ownership change
24 Feb 21
4
CNB FINANCIAL / Leanne D Kassab ownership change
24 Feb 21
4
CNB FINANCIAL / Richard Lee Jr. Greslick ownership change
24 Feb 21
4
CNB FINANCIAL / Mary Ann Conaway ownership change
24 Feb 21
4
CNB FINANCIAL / Joseph E Dell Jr ownership change
24 Feb 21
4
CNB FINANCIAL / JOSEPH B BOWER JR ownership change
24 Feb 21
Reddit threads
Daily Discussion Thread - April 19th, 2021
19 Apr 21
Daily Discussion Thread - April 16th, 2021
16 Apr 21
Daily Discussion Thread - February 26th, 2021
26 Feb 21
Daily Discussion Thread - February 25th, 2021
25 Feb 21
Daily Discussion Thread - February 24th, 2021
24 Feb 21
Daily Discussion Thread - January 25th, 2021
25 Jan 21
Daily Discussion Thread - November 30th, 2020
30 Nov 20
Daily Discussion Thread - November 27th, 2020
27 Nov 20