secwatch.observer — SEC 8-K summary
======================================

Issuer:     CNB FINANCIAL CORP/PA (CCNE)
CIK:        0000736772
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0000736772-23-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736772/000073677223000051/0000736772-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736772/000073677223000051/ccne-20230720.htm
  HTML page:      https://secwatch.observer/filing/0000736772-23-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer