CCNE CNB Financial Corp Dashboard

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

NASDAQ

Website

www.cnbbank.bank/

CEO

Joseph Bower

Incorporated

Pennsylvania

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

State Street • Citizens Financial • Northern Trust • M & T Bank • Bank Of New York Mellon • Fifth Third Bancorp • Popular • Associated Banc-Corp. • First Citizens Bancshares, Inc • Commerce Bancshares ...

SEC CIK

0000736772

Corporate docs

Articles of Incorporation & Bylaws

IRS number

251450605

CCNE stock data

S&P 500

1M 1Y 2Y 5Y

News

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CNB Financial: Q1 Earnings Insights

19 Apr 21

Shares of CNB Financial (NASDAQ:CCNE) were unchanged after the company reported Q1 results. Quarterly Results Earnings per share increased 34.48% over the past year to $0.78, which beat the estimate of $0.74.

CNB Financial Q1 EPS $0.78 Up From $0.58 YoY

19 Apr 21

CNB Financial (NASDAQ:CCNE) reported quarterly earnings of $0.78 per share. This is a 34.48 percent increase over earnings of $0.58 per share from the same period last year.

Stocks That Hit 52-Week Highs On Friday

12 Mar 21

Before 10 a.m. ET on Friday, 571 companies hit new 52-week highs.

Stocks That Hit 52-Week Highs On Monday

8 Mar 21

CNB Financial Q4 EPS $0.40 Down From $0.69 YoY

26 Jan 21

Press releases

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CNB Financial Corporation Reports First Quarter 2021 Earnings Per Share of $0.78 Compared to $0.57 for First Quarter 2020

19 Apr 21

CLEARFIELD, Penn., April 19, 2021 (GLOBE NEWSWIRE) -- CNB Financial Corporation ("CNB" or the "Corporation") (NASDAQ:CCNE), the parent company of CNB Bank, today announced its earnings for the quarter ended March 31,

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

New York, New York--(Newsfile Corp. - April 6, 2021) - Levi & Korsinsky announces it has commenced an investigation of CNB Financial Corporation (NASDAQ:CCNE) concerning possible breaches of fiduciary duty. To obtain

CNB Financial Announces Quarterly Dividend for Common Stock

10 Feb 21

CLEARFIELD, Pa., Feb. 10, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (NASDAQ:CCNE) (the "Corporation") has announced the declaration of a $0.17 per share of common stock

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

Data from SEC filings

Securities sold

Number of investors

Calendar

4 Mar 21

21 Apr 21

31 Dec 21

Financial summary

Financial statements Chart CCNE financial data

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

Recent insider trades

CCNE insider ownership history Insider history

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 from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

CCNE institutional ownership history Ownership history

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%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore V bad

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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

From filing 10-K 2020 FY