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CNB Financial :
CCNE
$33.92
$0.19 (0.56%)
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
CNB Financial Corp (PA) is a longstanding institution, founded in 1865, based in Clearfield, Pennsylvania, offering a broad spectrum of banking and financial services. It caters to individuals, businesses, and governmental entities, providing checking and savings accounts, a variety of loans including real estate and commercial, and specialized financial services. Beyond traditional banking, it offers wealth and asset management, including trust and estate administration, retirement planning, and wealth management services. Additionally, CNB Financial invests in securities, and sells insurance products and loans secured by assets like automobiles and equipment.
Latest Activity
Revenue
$116M
est $75M+54.1%
CNB Financial crushed both earnings and revenue a year after absorbing ESSA Bancorp, posting $0.91 EPS and $116M in sales as net interest income surged 46% year-over-year and the combined bank's efficiency ratio shrank to 56%. The Pennsylvania-based lender is extracting real operating leverage from the deal, with CEO Michael Peduzzi pointing to a strong loan pipeline and expanding treasury management relationships heading into the second half.
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