secwatch.observer — SEC 8-K summary
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Issuer:     CNB FINANCIAL CORP/PA (CCNE)
CIK:        0000736772
Form:       8-K
Filed at:   2023-04-17T23:59:59+00:00
Accession:  0000736772-23-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736772/000073677223000033/0000736772-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736772/000073677223000033/ccne-20230417.htm
  HTML page:      https://secwatch.observer/filing/0000736772-23-000033

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