CNB Financial Q4 EPS $0.62, down 11% YoY; full-year EPS $2.55 vs $3.26

CNB FINANCIAL CORP/PA

2023-FY EPS reported $2.55

Net income available to common shareholders $12.9M ($0.62 diluted EPS) vs $14.8M ($0.70) Q4 2022; full year $53.7M ($2.55) vs $58.9M ($3.26).
Deposits $5.0B, down 0.08% QoQ but up 8.14% YoY; adjusted uninsured deposits 18.37% of total.
Nonperforming assets $31.8M (0.55% of assets) vs $29.3M (0.51%) prior quarter, driven by one C&I relationship.
Pre-provision net revenue $18.4M for Q4 vs $22.8M a year ago, reflecting higher deposit costs and technology investments.
Repurchased 326,459 shares at $20.08 avg during 2023; no FHLB or BTFP borrowings outstanding.

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 the three and twelve months ended December 31, 2023 results: net income Net income available to common shareholders ("earnings") was $12.9 million, or $0.62 per diluted share, for the three mo, EPS $0.62 per diluted share.

Period: the three and twelve months ended December 31, 2023
Net income: Net income available to common shareholders ("earnings") was $12.9 million, or $0.62 per diluted share, for the three mo
EPS: $0.62 per diluted share
Result: reported results

Exact text from the filing

On January 23, 2024, CNB Financial Corporation (NASDAQ: CCNE), the parent company of CNB Bank, issued a press release describing its results of operations for the three and twelve months ended December 31, 2023.

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CNB FINANCIAL CORP/PA filing history →

Source: SEC EDGAR

accession 0000736772-24-000005

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