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Stock impact report

CNB Financial Corporation Reports First Quarter Earnings, Highlighted by Strong Earnings

CNB Financial Corporation (CCNE) 
Last cnb financial corporation earnings: 4/20 04:33 pm Check Earnings Report
US:NASDAQ Investor Relations: cnbbank.bank
Company Research Source: GlobeNewswire
CLEARFIELD, Pa., April 15, 2019 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“CNB”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the first quarter of 2019. Highlights include the following: Net income of $9.5 million, or $0.62 per share, in the first quarter of 2019, compared to net income of $7.1 million, or $0.46 per share, in the first quarter of 2018.Annualized returns on average assets and equity of 1.17% and 14.24%, respectively, for the quarter ended March 31, 2019, compared to 1.00% and 11.61%, respectively, for the quarter ended March 31, 2018.Net interest margin on a fully tax-equivalent basis of 3.70% and 3.72% for the quarters ended March 31, 2019 and 2018, respectively.Loans of $2.53 billion as of March 31, 2019, compared to loans of $2.28 billion as of March 31, 2018, representing organic loan growth of 11.0%.Deposits of $2.66 billion as of March 31, 2019, compared to deposits of $2.21 billion as of March 31, 2018, Show less Read more
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