secwatch.observer — SEC 8-K summary
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Issuer:     CNB FINANCIAL CORP/PA (CCNE)
CIK:        0000736772
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0000736772-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736772/000073677224000005/0000736772-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736772/000073677224000005/ccne-20240123.htm
  HTML page:      https://secwatch.observer/filing/0000736772-24-000005

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