earnings
confidence high
sentiment neutral
materiality 0.75
CNB Financial Q4 earnings $0.66/sh, up YoY; NPAs rise to 0.96% of assets
CNB FINANCIAL CORP/PA
2024-FY EPS reported
$2.39
- Q4 2024 net income $14.0M ($0.66 diluted EPS) vs $12.9M ($0.61) in Q3 and $12.9M ($0.62) in Q4 2023.
- Full-year 2024 EPS $2.39, down from $2.55 in 2023; deposit costs rose significantly year-over-year.
- Nonperforming assets $59.5M (0.96% of assets) at Dec 31, up from $42.0M (0.70%) at Sep 30, driven by a $20.4M commercial multifamily loan.
- Loans (ex-syndicated) $4.5B, up 3.88% YoY; deposits $5.4B, up 7.45% YoY.
- Pre-provision net revenue (non-GAAP) $21.6M in Q4, vs $19.7M in Q3 and $18.4M in Q4 2023.