CNB FINANCIAL CORP/PA reported the three months ended March 31, 2026 results: net income $26.0 million, EPS $0.88 per diluted share.
“CNB Bank, today announced its earnings for the three months ended March 31, 2026. Key Financial Trends • Earnings - Net income available to common shareholders ("earnings") was $26.0 million, or $0.88 per diluted share, for the three months ended March 31, 2026, compared to $32.6 million, or $1.10 per diluted share, for the three months ended December 31, 2025, and”
M&A Transactions
CNB FINANCIAL CORP/PA completed an acquisition involving ESSA Bancorp, Inc. for 0.8547 shares of CNB common stock (closed 2025-07-23).
“Subject to the terms and conditions of the Merger Agreement, at the effective time of the Merger, each share of ESSA common stock was converted into the right to receive 0.8547 shares of CNB common stock, with cash payable in lieu of any fractional shares. A copy of CNB’s press release dated July 24, 2025, announcing the completion of the Merger, is”
Governance Changes
CNB FINANCIAL CORP/PA: Amended bylaws to allow the Board to grant waivers to the mandatory director retirement age for director appointments in connection with business combinations (effective 2025-07-15).
“On July 15, 2025, the Board amended the CNB’s Third Amended and Restated Bylaws to provide the Board with the ability to grant waivers to the mandatory director retirement age solely for director appointments in connection with business combinations.”
Richard L. Greslick, Jr. resigned as Senior Executive Vice President, Chief Administrative Officer and Secretary at CNB FINANCIAL CORP/PA.
“On November 12, 2024, Richard L. Greslick, Jr., Senior Executive Vice President, Chief Administrative Officer and Secretary of CNB Financial Corporation (the “Company”), informed the Company that he is resigning from all positions he holds with the Company, effective as of November 22, 2024.”
Governance Changes
CNB FINANCIAL CORP/PA: Amended bylaws to reflect Board's concurrent right to amend bylaws consistent with the charter amendment (effective 2024-04-18).
“Following approval of the Charter Amendment by the Corporation’s shareholders, on April 16, 2024, the Board approved an amendment to the Bylaws to reflect the Board’s concurrent right to amend the Bylaws (the “Bylaws Amendment”).”
Governance Changes
CNB FINANCIAL CORP/PA: Amended articles to grant Board concurrent right to amend bylaws, subject to shareholder ratification for adverse changes, and shareholder-only amendment/repeal of shareholder-adopted provisions (effective 2024-04-18).
“the shareholders of CNB Financial Corporation (the “Corporation”) voted, among other things, to approve an amendment (the “Charter Amendment”) to the Corporation’s Second Amended and Restated Articles of Incorporation (the “Articles of Incorporation”) to grant the Corporation’s Board of Directors (the “Board”) the concurrent right to amend the Corporation’s Second Amended and Restated Bylaws (the “Bylaws”), provided that (i) shareholder ratification of any amendment to the Byalws that adversely affects the rights of shareholders is required before such amendment takes effect, (ii) any provision of the Bylaws amended or adopted by the Corporation’s shareholders may only be amended or repealed by the shareholders, and (iii) any provision of the Bylaws amended or adopted by the Board may be amended or repealed by the shareholders.”
Shareholder Votes
CNB FINANCIAL CORP/PA shareholders approved Approval of amendment to Articles of Incorporation to grant concurrent right to amend Bylaws at the 2024-04-16 meeting.
“At the Annual Meeting, the Corporation’s shareholders voted to approve the Charter Amendment, as described above in”
Shareholder Votes
CNB FINANCIAL CORP/PA shareholders approved Election of Class 3 Directors at the 2024-04-16 meeting.
“The following persons were duly elected as Class 3 directors, to serve until the Corporation’s 2027 Annual Meeting of Shareholders: Michael Obi Michael D. Peduzzi Joel E. Peterson Richard B. Seager”
Earnings Releases
CNB FINANCIAL CORP/PA reported three months ended March 31, 2024 results: net income $11.5 million, EPS $0.55 per diluted share.
“CNB Financial Corporation (“Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three months ended March 31, 2024. Executive Summary • Net income available to common shareholders ("earnings") was $11.5 million, or $0.55 per diluted share, for the three months ended March 31, 2024”
Earnings Releases
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.
“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.”
Earnings Releases
CNB FINANCIAL CORP/PA reported financial results for three and nine months ended September 30, 2023.
“On October 23, 2023, CNB Financial Corporation (NASDAQ: CCNE), the parent company of CNB Bank, issued a press release describing its results of operations for the three and nine months ended September 30, 2023.”
Earnings Releases
CNB FINANCIAL CORP/PA reported financial results for the three and six months ended June 30, 2023.
“CNB Financial Corporation (NASDAQ: CCNE), the parent company of CNB Bank, issued a press release describing its results of operations for the three and six months ended June 30, 2023.”
Shareholder Votes
CNB FINANCIAL CORP/PA shareholders approved Ratification of FORVIS, LLP as the Corporation's Independent Registered Public Accounting Firm at the 2023-04-18 meeting.
“Ratification of FORVIS, LLP as the Corporation’s Independent Registered Public Accounting Firm At the Annual Meeting, the Corporation’s shareholders ratified the appointment of FORVIS, LLP as the Corporation’s independent registered public accounting firm for the year ending December 31, 2023.”
Shareholder Votes
CNB FINANCIAL CORP/PA shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2023-04-18 meeting.
“Advisory Vote to Approve Named Executive Officer Compensation At the Annual Meeting, the Corporation’s shareholders approved, by non-binding advisory vote, the compensation paid to the Corporation’s named executive offices.”
Shareholder Votes
CNB FINANCIAL CORP/PA shareholders approved Election of Class 3 Director at the 2023-04-18 meeting.
“Election of Class 3 Director At the Annual Meeting, the following person was duly elected as a Class 3 director, to serve until the Corporation’s 2024 Annual Meeting of Shareholders: Michael D. Peduzzi”
Shareholder Votes
CNB FINANCIAL CORP/PA shareholders approved Election of Class 1 Directors at the 2023-04-18 meeting.
“Election of Class 1 Directors At the Annual Meeting, the following persons were duly elected as Class 1 directors, to serve until the Corporation’s 2026 Annual Meeting of Shareholders: Peter F. Smith Jeffrey S. Powell Francis X. Straub, III Peter C. Varischetti”
Earnings Releases
CNB FINANCIAL CORP/PA reported three months ended March 31, 2023 results: net income $15.4 million, EPS $0.73 per diluted share.
“CNB Financial Corporation (“CNB” or the “Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three months ended March 31, 2023, and disclosed quarterly growth in total deposits, loans, and assets.”
Michael Peduzzi was appointed as President and Chief Executive Officer at CNB FINANCIAL CORP/PA.
“Mr. Peduzzi currently serves as Vice President of the Corporation as well as President and Chief Executive Officer of the Bank and will succeed Mr. Bower as President and Chief Executive Officer of the Corporation upon his retirement.”
Michael Peduzzi was appointed as Director at CNB FINANCIAL CORP/PA.
“On November 8, 2022, the Board of Directors of the Corporation appointed Michael Peduzzi to the Board of Directors of the Corporation, effective January 1, 2023.”
Joseph B. Bower, Jr. retired as President and Chief Executive Officer at CNB FINANCIAL CORP/PA.
“The Corporation previously announced that Mr. Bower will retire from his position as President and Chief Executive Officer of the Corporation effective December 31, 2022.”
Joseph B. Bower, Jr. retired as Director at CNB FINANCIAL CORP/PA.
“notified the Corporation of his intention to retire from the Board of Directors of the Corporation and the Bank, effective December 31, 2022.”
Joseph E. Dell Jr. was appointed as Senior Vice President, Corporate Commercial Development at CNB FINANCIAL CORP/PA.
“On April 4, 2022, CNB Bank and Mr. Dell entered into a new letter agreement (the “Agreement”) to provide for Mr. Dell’s continued at-will employment with CNB Bank as Senior Vice President, Corporate Commercial Development, retroactive to January 1, 2022.”
Michael Peduzzi was appointed as Chief Executive Officer of the Bank at CNB FINANCIAL CORP/PA.
“the Board of Directors of the Corporation appointed Michael Peduzzi, who currently serves as President and Chief Operating Officer of the Bank, to succeed Mr. Bower as President and Chief Executive Officer of the Corporation, effective December 31, 2022, and Chief Executive Officer of the Bank, effective July 1, 2022.”
Joseph B. Bower, Jr. departed as Chief Executive Officer of the Bank at CNB FINANCIAL CORP/PA.
“Joseph B. Bower, Jr., President and Chief Executive Officer of the Corporation and Chief Executive Officer of the Bank, will retire from such positions effective December 31, 2022 and July 1, 2022, respectively.”
Robert W. Montler retired as Director at CNB FINANCIAL CORP/PA.
“On October 27, 2021, the Board of Directors of CNB Financial Corporation (the “Corporation”), the parent company of CNB Bank (the “Bank”), announced that Robert W. Montler retired from the Boards of Directors of the Corporation and the Bank, as a result of reaching the Corporation’s mandatory retirement age for directors as provided in the Corporation’s Second Amended and Restated Bylaws.”
Michael Obi was appointed as Director at CNB FINANCIAL CORP/PA.
“appointed Michael Obi, president of UBIZ Venture Capital and chief executive officer of Spectrum Global Solutions, to the Corporation’s Board of Directors.”
Martin T. Griffith was appointed as Senior Executive Vice President and Chief of Community Banking at CNB FINANCIAL CORP/PA.
“who, effective September 1, 2021, is the Senior Executive Vice President and Chief of Community Banking of the Corporation and the Bank.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.