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CCNE CNB Financial Corp

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $4.7 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division, one loan production office, one drive-up office and 44 full-service offices in Pennsylvania, Ohio, and New York. CNB Bank's divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in northwest Pennsylvania and northeast Ohio; FCBank, based in Worthington, Ohio, with offices in central Ohio; and BankOnBuffalo, based in Buffalo, New York, with offices in northern New York. CNB Bank is headquartered in Clearfield, Pennsylvania, with offices in central and north central Pennsylvania.

Company profile

Ticker
CCNE, CCNEP
Exchange
Website
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

6 May 21
3 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 21 Scott Nicholas N. Jr. common stock Buy Aquire P No No 24307 4,600 111.81M 23,730.9
11 Jun 21 Scott Nicholas N. Jr. common stock Buy Aquire P No No 24.33 55.259 1.34K 19,130.9
11 Jun 21 Young Julie M. common stock Buy Aquire P No No 24.33 36.839 896.29 2,098.27
17 May 21 Smith Peter F common stock Gift Dispose G No No 0 168.216 0 89,589.37
23 Apr 21 N. Michael Obi common stock Buy Aquire P No No 25.21 400 10.08K 734.09

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

39.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 90 81 +11.1%
Opened positions 16 6 +166.7%
Closed positions 7 18 -61.1%
Increased positions 23 34 -32.4%
Reduced positions 36 26 +38.5%
13F shares
Current Prev Q Change
Total value 342.13M 380.93M -10.2%
Total shares 6.69M 6.62M +1.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 1.01M $24.89M +8.1%
Vanguard 765.53K $18.84M -2.7%
Dimensional Fund Advisors 630.32K $15.51M +1.4%
Wellington Management 553.4K $13.62M +0.6%
STT State Street 264.12K $6.5M -4.5%
Emerald Advisers 263.18K $6.48M -27.2%
Geode Capital Management 244.93K $6.03M +4.4%
NTRS Northern Trust 221.24K $5.44M -28.4%
Banc Funds 219.16K $5.39M +12.3%
SF Stifel Financial 208.1K $5.12M -0.4%
Largest transactions
Shares Bought/sold Change
Maltese Capital Management 130K +130K NEW
Emerald Advisers 263.18K -98.36K -27.2%
NTRS Northern Trust 221.24K -87.68K -28.4%
BLK Blackrock 1.01M +75.91K +8.1%
Cornercap Investment Counsel 50.36K +50.36K NEW
Renaissance Technologies 111.6K -47.1K -29.7%
Martingale Asset Management L P 40.95K +40.95K NEW
Arrowstreet Capital, Limited Partnership 24.97K -34.29K -57.9%
Banc Funds 219.16K +24K +12.3%
HRT Financial 22.28K +22.28K NEW

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