CNB Financial Corporation Reports First Quarter 2024 Results [Yahoo! Finance]
CNB Financial Corporation (CCNE)
Last cnb financial corporation earnings: 4/20 04:33 pm
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Source: Yahoo! Finance
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, compared to earnings of $12.9 million, or $0.62 per diluted share, for the three months ended December 31, 2023. The quarterly decrease was primarily a result of decreases in net interest income and non-interest income, partially offset by decreases in certain personnel costs, technology expenses and adverting expenses, as discussed in more detail below. The decrease in earnings and diluted earnings per share comparing the quarter ended March 31, 2024 to the $15.4 million, or $0.73 per diluted share, for the quarter ended March 31, 2023, was primarily due to the significant year-over-year increase in deposit costs primarily resulting from Federal Reserve rate increases throughout 2023 and the resulting market impact to the Corporation's deposit base. At March 31, 2024, loans totaled $4.4 billion, excluding the balance
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News
- CNB Financial Corporation (NASDAQ:CCNE) is largely controlled by institutional shareholders who own 56% of the company [Yahoo! Finance]Yahoo! Finance
- CNB Financial Co. (NASDAQ: CCNE) had its price target lowered by analysts at Keefe, Bruyette & Woods from $23.00 to $22.00. They now have a "market perform" rating on the stock.MarketBeat
- CNB Financial Corporation Reports First Quarter 2024 ResultsGlobeNewswire
- Several Insiders Invested In CNB Financial Flagging Positive News [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy CNB Financial (CCNE) Stock? [Yahoo! Finance]Yahoo! Finance
CCNE
Earnings
- 4/15/24 - Beat
CCNE
Sec Filings
- 4/18/24 - Form 8-K
- 4/16/24 - Form 8-K
- 4/15/24 - Form 8-K
- CCNE's page on the SEC website