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CNB Financial Corp/PA - CCNE STOCK NEWS

Welcome to our dedicated page for CNB Financial Corp/PA news (Ticker: CCNE), a resource for investors and traders seeking the latest updates and insights on CNB Financial Corp/PA stock.

CNB Financial Corp (symbol: CCNE) is a prominent provider of integrated financial solutions aimed at creating value for both consumers and businesses. With a strong presence in the western central region of Pennsylvania and central Ohio, CNB Financial Corp offers a comprehensive range of products and services through its subsidiary, CNB Bank.

The company's robust portfolio includes traditional deposit accounts such as checking, savings, and time deposits. Additionally, CNB Financial Corp is renowned for its private banking services and a diverse array of lending options, encompassing real estate, commercial, industrial, residential, and consumer loans and lines of credit.

CNB Financial Corp also excels in providing credit card services, cash and wealth management, and a suite of online banking capabilities. Their electronic check deposit, merchant credit card processing, and ACH origination services are tailored to meet the needs of modern businesses.

Further, the corporation offers specialized services such as trust services, retirement plans, and other employee benefit plans, ensuring comprehensive financial management for its clients. Their innovation extends to payroll processing and on-site banker services, enhancing convenience and efficiency for businesses.

Recent achievements and ongoing projects highlight CNB Financial Corp's dedication to evolving with market demands. The company's sound financial condition and strategic partnerships underscore its stability and growth potential.

CNB Financial Corp's commitment to providing integrated solutions ensures they remain a leader in the financial sector, continually adapting to support the evolving needs of their clients.

News

CNB Financial Corporation Announces Quarterly Dividend for Common Stock

Rhea-AI Summary
CNB Financial Corporation (CCNE) declares a quarterly cash dividend of $0.175 per share, reflecting a strong financial position with consolidated assets of $5.8 billion. The company's subsidiary, CNB Bank, offers a wide range of banking services across multiple states.
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CNB Financial Corporation Announces Quarterly Dividend for Series A Preferred Stock and Related Depositary Shares Distribution

Rhea-AI Summary
CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.4453125 per depositary share, resulting from the Corporation’s declaration of a quarterly cash dividend of $17.8125 per share on its Series A Preferred Stock. The dividend is payable on March 1, 2024, to holders of record as of February 16, 2024. CNB Financial Corporation is a financial holding company with consolidated assets of approximately $5.8 billion, conducting business primarily through its principal subsidiary, CNB Bank, offering a full range of banking activities and services. CNB Bank operates in Pennsylvania, Ohio, New York, and Virginia, with divisions including ERIEBANK, FCBank, BankOnBuffalo, Ridge View Bank, and Impressia Bank, focusing on banking opportunities for women.
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CNB Financial Corporation Reports Fourth Quarter and Full-Year 2023 Results

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CNB Financial Corporation (NASDAQ: CCNE) reported a net income of $12.9 million for the three months ended December 31, 2023, compared to $12.7 million for the previous quarter. For the twelve months ended December 31, 2023, earnings were $53.7 million, a decrease from $58.9 million for the same period in 2022. Total deposits were $5.0 billion, showing a slight decrease from the previous quarter but an increase of $376.3 million from December 31, 2022. The Corporation's total estimated uninsured deposits were approximately $1.4 billion, with a decrease from the previous quarter. Loans totaled $4.4 billion, reflecting a decrease of $9.3 million from the previous quarter but an increase of $241.3 million from December 31, 2022. Nonperforming assets were approximately $31.8 million, showing an increase from the previous quarter and the same period in 2022. Net loan charge-offs for the quarter ended December 31, 2023, were $1.2 million, an increase from the previous quarter and the same period in 2022. Pre-provision net revenue (PPNR) was $18.4 million for the three months ended December 31, 2023, reflecting a slight increase from the previous quarter but a decrease from the same period in 2022.
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CNB Financial Corporation Board Elects Jeffrey Powell as Chairperson

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CNB Financial Corporation (CCNE) Elects Jeffrey S. Powell as Chairperson of the Board of Directors
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CNB Financial Corporation Announces Quarterly Dividend for Common Stock

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CNB Financial Corporation (Nasdaq: CCNE) declares a quarterly cash dividend of $0.175 per share of common stock, payable on December 15, 2023. The company, with consolidated assets of approximately $5.7 billion, operates primarily through its subsidiary, CNB Bank, offering a full range of banking activities and services. CNB Bank has multiple divisions and operates in Pennsylvania, Ohio, New York, and Virginia.
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CNB Financial Corporation Announces Quarterly Dividend for Series A Preferred Stock And Related Depositary Shares Distribution

Rhea-AI Summary
CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.4453125 per depositary share, payable on December 1, 2023. The Corporation's consolidated assets are approximately $5.7 billion.
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CNB Financial Corporation Reports Third Quarter 2023 Results

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CNB Financial Corporation announces earnings for Q3 2023, with a decrease in diluted earnings per share compared to previous quarters. Total deposits, loans, and assets show growth. The Corporation repurchased common shares and experienced an increase in deposit balances. The Corporation maintains strong liquidity and capital ratios. Loan growth was seen in expansion markets and the Private Banking division. Nonperforming assets increased due to one commercial real estate relationship.
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KBRA Releases Surveillance Report for CNB Financial Corporation

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CNB Financial Corporation Announces Quarterly Dividend for Common Stock

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CNB Financial Corporation Announces Quarterly Dividend for Series A Preferred Stock and Related Depositary Shares Distribution

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FAQ

What is the current stock price of CNB Financial Corp/PA (CCNE)?

The current stock price of CNB Financial Corp/PA (CCNE) is $25.34 as of December 20, 2024.

What is the market cap of CNB Financial Corp/PA (CCNE)?

The market cap of CNB Financial Corp/PA (CCNE) is approximately 529.3M.

What services does CNB Financial Corp offer?

CNB Financial Corp offers deposit accounts, private banking, loans and lines of credit, credit cards, cash and wealth management, online banking, and more.

Where is CNB Financial Corp's market area?

CNB Financial Corp operates primarily in the western central region of Pennsylvania and central Ohio.

What types of loans does CNB Financial Corp provide?

They provide real estate, commercial, industrial, residential, and consumer loans and lines of credit.

Does CNB Financial Corp offer online banking?

Yes, CNB Financial Corp provides extensive online banking services, including electronic check deposit and mobile banking.

What are some of the specialized services offered by CNB Financial Corp?

Specialized services include trust services, retirement plans, other employee benefit plans, and payroll processing.

Who is the subsidiary of CNB Financial Corp?

CNB Bank is the primary subsidiary of CNB Financial Corp.

Why choose CNB Financial Corp?

CNB Financial Corp offers a comprehensive range of integrated financial solutions tailored to meet the evolving needs of businesses and consumers.

What recent developments should investors know about?

Investors should keep an eye on CNB Financial Corp's latest projects and strategic partnerships, which highlight their growth and stability.

How does CNB Financial Corp support businesses?

They offer services like merchant credit card processing, ACH origination, accounts receivable handling, and on-site banker services.

Does CNB Financial Corp manage wealth and assets?

Yes, CNB Financial Corp provides wealth and asset management services to their clients.

Stock CCNE logo
CNB Financial Corp/PA

Nasdaq:CCNE

CCNE Rankings

#3054 Ranked by Market Cap
#1131 Ranked by Dividends

CCNE Stock Data

529.25M
20.40M
2.76%
58.72%
0.39%
Banks - Regional
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United States of America
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