CNB FINANCIAL CORP/PA CCNE
CNB Financial Corporation (the "Corporation") is a financial holding company registered under the Bank Holding Company Act of 1956, as amended (the "BHC Act"). It was incorporated under the laws of the Commonwealth of Pennsylvania in 1983 for the purpose of engaging in the business of a financial holding company. On April 26, 1984, the Corporation acquired all of the outstanding capital stock of County National Bank, a national banking chartered institution. In December 2006, County National Bank changed its name to CNB Bank (the "Bank") and became a state bank chartered in Pennsylvania and subject to regulation by the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation. In October 2013, the Corporation acquired FC Banc Corp. and its subsidiary, The Farmers Citizens Bank. In July 2016, the Corporation acquired Lake National Bank, and in July 2020, the Corporation acquired Bank of Akron.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $392.3M | $325.5M | $293.7M | $213.7M | $179.6M | $167.2M | $155.7M | $131.9M | $108.9M | $94.3M |
| Interest expense | $242.0M | $187.5M | $189.8M | $189.7M | $19.8M | $32.5M | $39.5M | $26.9M | $17.4M | $13.0M |
| Pre-tax income | $82.5M | $67.4M | $71.8M | $78.2M | $70.8M | $40.1M | $48.6M | $40.2M | $36.3M | $27.7M |
| Income tax | $16.3M | $12.8M | $13.8M | $15.0M | $13.1M | $7.3M | $8.6M | $6.5M | $12.4M | $7.2M |
| Net income | $66.1M | $54.6M | $58.0M | $63.2M | $57.7M | $32.7M | $40.1M | $33.7M | $23.9M | $20.5M |
| EPS, basic | 2.50 | 2.39 | 2.56 | 3.26 | 3.16 | 1.97 | 2.63 | 2.21 | 1.57 | 1.42 |
| EPS, diluted | 2.49 | 2.39 | 2.55 | 3.26 | 3.16 | 1.97 | 2.63 | 2.21 | 1.57 | 1.42 |
| Shares, diluted (wtd. avg.) | $24.7M | $20.9M | $20.9M | $18.0M | $16.8M | $16.0M | $15.2M | $15.2M | $15.1M | $14.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $527.9M | $443.0M | $222.0M | $106.3M | $732.2M | $532.7M | $193.0M | $45.6M | $35.3M | $29.2M |
| Property, plant and equipment | $90.2M | $76.0M | $73.7M | $68.5M | $61.7M | $60.1M | $54.9M | $49.9M | $50.7M | $49.5M |
| Goodwill | $88.4M | $43.7M | $43.7M | $43.7M | $43.7M | $43.7M | $38.7M | $38.7M | $38.7M | $38.7M |
| Other intangibles | $33.7M | $206.0K | $280.0K | $364.0K | $460.0K | $567.0K | — | — | — | — |
| Total assets | $8.40B | $6.19B | $5.75B | $5.48B | $5.33B | $4.73B | $3.76B | $3.22B | $2.77B | $2.57B |
| Short-term debt | $164.0M | $0 | $0 | $132.4M | $0 | — | — | $0 | $34.4M | $104.0M |
| Long-term debt | $84.9M | $84.6M | $84.3M | $84.0M | $83.7M | $50.0M | $298.5M | $315.7M | $328.0M | $307.6M |
| Total liabilities | $7.52B | $5.58B | $5.18B | $4.94B | $4.89B | $4.31B | $3.46B | $2.96B | $2.52B | $2.36B |
| Retained earnings | $424.9M | $381.3M | $345.9M | $306.9M | $260.6M | $218.7M | $201.5M | $171.8M | $148.3M | $134.3M |
| Total equity | $872.1M | $610.7M | $571.2M | $530.8M | $442.8M | $416.1M | $305.0M | $262.8M | $243.9M | $211.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $65.0M | $71.5M | $47.0M | $64.1M | $58.9M | $28.8M | $52.0M | $44.9M | $30.8M | $26.8M |
| Depreciation and amortisation | $10.9M | $8.3M | $7.7M | $6.6M | $6.2M | $6.1M | $6.0M | $4.8M | $5.2M | $4.5M |
| Stock-based compensation | $2.7M | $2.2M | $1.7M | $1.2M | $1.4M | $1.4M | $1.3M | $1.5M | $928.0K | $820.0K |
| Capital expenditure | $6.3M | $16.3M | $10.8M | $12.3M | $6.5M | $5.6M | $9.0M | $3.1M | $5.2M | $10.1M |
| Investing cash flow | $27.6M | -$203.3M | -$149.5M | -$804.7M | -$409.8M | -$168.7M | -$368.7M | -$452.7M | -$203.7M | -$150.9M |
| Financing cash flow | -$7.8M | $352.8M | $218.2M | $114.7M | $550.3M | $479.6M | $464.1M | $418.0M | $179.1M | $126.0M |
| Dividends paid | $18.2M | $14.9M | $14.7M | $12.6M | $11.6M | $11.0M | $10.4M | $10.2M | $10.1M | $9.5M |
| Buybacks | — | $441.0K | $6.6M | $1.3M | $1.0M | $981.0K | $994.0K | $2.3M | $1.7M | $44.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000736772-26-000031.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |