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

Issuer:     CNB FINANCIAL CORP/PA (CCNE)
CIK:        0000736772
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0000736772-23-000068
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CNB Financial Q3 EPS $0.60, down from $0.90 YoY; NIM shrinks 7 bps
------------------------------------------------------------------

- Net income of $12.7M ($0.60 diluted EPS) vs. $12.8M ($0.61) prior quarter and $15.5M ($0.90) a year ago.
- Total deposits grew 1.4% QoQ to $5.0B; adjusted uninsured deposits 18.4% of total deposits.
- Nonperforming assets rose to 0.51% of assets from 0.43% QoQ, driven by a $6.9M commercial real estate relationship.
- Loans (ex-syndicated & PPP) increased 1.2% QoQ to $4.4B; syndicated lending declined $22.5M.
- Pre-provision net revenue (PPNR) fell to $18.2M from $19.6M prior quarter due to lower NIM and higher salaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736772/000073677223000068/0000736772-23-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736772/000073677223000068/ccne-20231023.htm
  HTML page:      https://secwatch.observer/filing/0000736772-23-000068

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