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Last $17.52 USD
Change Today -0.06 / -0.34%
Volume 11.3K
As of 5:20 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

cnb financial corp/pa (CCNE) Key Developments

CNB Financial Corporation Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Loan Charge-Offs for the Second Quarter Ended June 30, 2015

CNB Financial Corporation announced unaudited earnings results for the second quarter and six months ended June 30, 2015. Net income of $5.6 million, or $0.39 per diluted share, in both the second quarter of 2015 and the second quarter of 2014. Returns on average assets and equity of 1.00% and 11.48%, respectively, for the second quarter ended June 30, 2015, compared to 1.04% and 12.58%, respectively, for the second quarter ended June 30, 2014. Interest income was $21,306,000 compared to $21,418,000 a year ago. Net interest income was $18,151,000 compared to $18,443,000 a year ago. Income before income taxes was $7,685,000 compared to $7,848,000 a year ago. For the six months ended June 30, 2015, net income was $11.2 million, or $0.78 per diluted share, compared to net income of $10.8 million, or $0.75 per diluted share, for the six months ended June 30, 2014. Annualized returns on average assets and equity of 1.01% and 11.47%, respectively, for the six months ended June 30, 2015, compared to 1.01% and 12.28%, respectively, for the six months ended June 30, 2014. Tangible book value per share of $11.29 per share as of June 30, 2015, an increase of 11.1% over tangible book value per share of $10.16 at June 30, 2014. Book value per share was $13.38 per share as of June 30, 2015, compared to $13.09 at June 30, 2014. Interest income was $42,947,000 compared to $42,855,000 a year ago. Net interest income was $36,741,000 compared to $36,723,000 a year ago. Income before income taxes was $15,336,000 compared to $15,053,000 a year ago. Net loan charge-offs for the second quarter ended June 30, 2015 were $676,000 compared to $760,000 a year ago.

CNB Financial Corp. Declares Second Quarter Dividend, Payable on June 15, 2015

The board of directors of CNB Financial Corporation has announced the declaration of 16.5 cents per share quarterly dividend payable on June 15, 2015 to shareholders of record on June 1, 2015.

CNB Financial Corporation Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Loan Charge-Offs for the First Quarter Ended March 31, 2015

CNB Financial Corporation reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company has reported net income of $5,565,000 or $0.39 per diluted share compared to $5,166,000 or $0.36 per diluted share a year ago. Interest income was $21,641,000 compared to $21,437,000 a year ago. Net interest income was $18,590,000 compared to $18,280,000 a year ago. Income before income taxes was $7,651,000 compared to $7,205,000 a year ago. Return on average assets was 1.02% compared to 0.97% a year ago. Return on average equity was 11.47% compared to 11.97% a year ago. Book value per share as on March 31, 2015 was $13.60 compared to $11.91 as on March 31, 2014. Tangible book value per share as on March 31, 2015 was $11.49 compared to $9.73 as on March 31, 2014. For the quarter, the company has reported net loan charge-offs of $634 compared to $579 a year ago.

CNB Financial Corp., Annual General Meeting, Apr 21, 2015

CNB Financial Corp., Annual General Meeting, Apr 21, 2015., at 14:00 US Eastern Standard Time. Location: at the Lock Haven University, Clearfield Campus, 201 University Drive. Agenda: To elect four Class 3 directors to serve until the annual meeting in the year 2018 or until their respective successors are elected and qualified; to vote on a non-binding advisory resolution on the compensation program for company’s named executive officers; to ratify the appointment of Crowe Horwath LLP as independent registered public accounting firm for the year ending December 31, 2015; and to transact such other business as may properly come before the meeting or any adjournment thereof.

CNB Financial Corporation Declares Quarterly Dividend, Payable on March 13, 2015

The Board of Directors of CNB Financial Corporation has announced the declaration of 16.5 cents per share quarterly dividend payable on March 13, 2015 to shareholders of record on February 27, 2015.

 

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CCNE Competitors

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Canandaigua National Corp $136.10 USD -3.90
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Industry Analysis

CCNE

Industry Average

Valuation CCNE Industry Range
Price/Earnings 10.8x
Price/Sales 2.9x
Price/Book 1.3x
Price/Cash Flow 10.8x
TEV/Sales -- Not Meaningful
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