CNB Financial Q1 2023 net income $15.4M ($0.73 EPS), deposits up 2.8% from Q4 2022

CNB FINANCIAL CORP/PA

2023-Q1 EPS reported $0.73

Diluted EPS $0.73 vs $0.70 in Q4 2022 and $0.84 in Q1 2022; YoY decline from stock dilution.
Total deposits $4.8B, up $131.7M (2.8%) from Dec 31, 2022; uninsured deposits improved to 22%.
Loans ex-syndicated/PPP $4.2B, up $34.7M (0.8%) from Dec 31, 2022; nonperforming assets 0.42% of assets.
Pre-provision net revenue $21.7M vs $22.8M in Q4 2022 and $20.4M in Q1 2022.
Net unrealized securities losses $84.9M (15.5% of equity), improved from $99.0M (18.6%) at year-end.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CNB FINANCIAL CORP/PA reported three months ended March 31, 2023 results: net income $15.4 million, EPS $0.73 per diluted share.

Period: three months ended March 31, 2023
Net income: $15.4 million
EPS: $0.73 per diluted share
Result: reported results

Exact text from the filing

CNB Financial Corporation (“CNB” or the “Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three months ended March 31, 2023, and disclosed quarterly growth in total deposits, loans, and assets.

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Source: SEC EDGAR

accession 0000736772-23-000033

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