secwatch.observer — SEC 8-K summary
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Issuer:     CNB FINANCIAL CORP/PA (CCNE)
CIK:        0000736772
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0000736772-24-000073
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CNB Financial Q2 EPS $0.56 vs $0.61 YoY; net income down to $11.9M
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- Net income available to common $11.9M ($0.56 diluted EPS) vs $12.8M ($0.61) in Q2 2023 on higher deposit costs.
- Six-month earnings $23.4M ($1.11) vs $28.2M ($1.33) YoY; pre-provision net revenue $35.3M vs $41.3M.
- Loans ex-syndicated $4.4B (+1.68% linked quarter); deposits $5.1B (+1.45% linked quarter).
- Nonperforming assets $36.5M (0.62% of assets) vs $30.7M (0.53%) at March 31; net charge-offs $2.8M vs $1.3M in Q1.
- Pre-tax net unrealized losses on securities $84.1M (14.33% of equity); no short-term FHLB or Discount Window borrowings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736772/000073677224000073/0000736772-24-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736772/000073677224000073/ccne-20240718.htm
  HTML page:      https://secwatch.observer/filing/0000736772-24-000073

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