CNB Financial Q2 EPS $0.61, down 28% YoY; deposits grow 3.8% linked-quarter

CNB FINANCIAL CORP/PA

2023-Q2 EPS reported $1.33

Net income available to common $12.8M ($0.61 diluted EPS) vs $15.4M ($0.73) Q1 2023 and $14.4M ($0.85) Q2 2022.
Total deposits $4.9B, up $178.9M (3.8%) from Q1; adjusted uninsured deposits ~19.6% of total.
Loans (ex-syndicated & PPP) $4.3B, up $166.1M (4.0%) linked-quarter; nonperforming assets 0.43% of assets.
No short-term FHLB borrowings at quarter-end; liquidity sources 2.4x adjusted uninsured deposits.
Pre-provision net revenue $19.6M, down from $21.7M Q1 and $21.8M year-ago, on higher deposit costs.

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 0.9

CNB FINANCIAL CORP/PA reported financial results for the three and six months ended June 30, 2023.

Period: the three and six months ended June 30, 2023
Result: reported results

Exact text from the filing

CNB Financial Corporation (NASDAQ: CCNE), the parent company of CNB Bank, issued a press release describing its results of operations for the three and six months ended June 30, 2023.

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CNB FINANCIAL CORP/PA filing history →

Source: SEC EDGAR

accession 0000736772-23-000051

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