CNB Financial Corp/PA - CCNE STOCK NEWS

CNB Financial Corporation (CCNE) has announced a quarterly cash dividend of $0.4453125 per depositary share, following the declaration of $17.8125 per share on its Series A Preferred Stock. This dividend is set to be paid on December 1, 2022, to shareholders who are on record by November 17, 2022. With consolidated assets of approximately $5.3 billion, CNB Financial operates through its principal subsidiary, CNB Bank, which provides a broad range of financial services across several states.

CNB Financial Corporation (CCNE) reported strong financial results for the third quarter and nine months ended September 30, 2022. Net income for Q3 was $15.5 million ($0.90 per diluted share), a 12.4% increase year-over-year. The company raised $100 million through a common stock offering, bolstering its capital for growth and acquisitions. Total revenue reached $57.9 million for Q3, up 18.8%, driven by a 23.9% increase in net interest income. Despite a decrease in total deposits by 1.9%, nonperforming assets increased slightly to $21.8 million, or 0.41% of total assets.

CNB Financial Corporation (NASDAQ: CCNE) announced a public offering of 3,702,127 shares at $23.50 each, generating approximately $87 million in gross proceeds. After fees, net proceeds are projected to be about $81.7 million, which will be used for general corporate purposes, including working capital and potential acquisitions. Additionally, underwriters have a 30-day option to buy 555,319 more shares. The offering is set to close on or around September 21, 2022.

CNB Financial Corporation (NASDAQ: CCNE) announced an underwritten public offering of $87 million of its common stock, with a potential additional 15% for over-allotments. Proceeds will be used for general corporate purposes, including working capital and funding growth or acquisitions. The offering is under an effective shelf registration statement previously filed with the SEC. The company is advised by PNC FIG Advisory and Janney Montgomery Scott LLC.

The Board of Directors of CNB Financial Corporation (CCNE) announced a quarterly cash dividend of $0.175 per share, payable on September 15, 2022, to shareholders recorded as of September 1, 2022. CNB Financial Corporation, with consolidated assets of approximately $5.3 billion, operates primarily through CNB Bank, providing a comprehensive range of banking services, including wealth management and trust services. The bank serves a diverse customer base across Pennsylvania, Ohio, New York, and Virginia.

The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) declared a quarterly cash dividend of $0.4453125 per depositary share, correlating to a $17.8125 dividend per share on its Series A Preferred Stock. This dividend is scheduled for payment on September 1, 2022, for shareholders on record as of August 18, 2022. CNB Financial Corporation, a financial holding company with approximately $5.3 billion in consolidated assets, operates CNB Bank, providing various banking services across several states.

CNB Financial Corporation (NASDAQ: CCNE) reported strong earnings for Q2 2022, with net income of $14.4 million ($0.85 per diluted share), up 11.2% from Q2 2021. Loan growth, mainly in the commercial sector, contributed significantly to profitability despite a decrease in PPP-related fees. The total revenue increased by 17.9% year-over-year, reaching $54.4 million. Nonperforming assets remained low at 0.39% of total assets. However, total deposits slightly declined by 0.3%, and book value per share decreased by 1.5%. The bank continues to manage its capital effectively with a strong liquidity position.

The Board of Directors of CNB Financial Corporation (CCNE) has declared a quarterly cash dividend of $0.175 per share, payable on June 15, 2022, to shareholders of record as of June 1, 2022. As of March 31, 2022, CNB Financial has consolidated assets of approximately $5.3 billion. The corporation, operating primarily through its subsidiary CNB Bank, provides a comprehensive range of banking services, including trust and wealth management, across Pennsylvania, Ohio, New York, and Virginia.

The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.4453125 per depositary share, equivalent to $17.8125 per share on its Series A Preferred Stock. This dividend is payable on June 1, 2022, for shareholders of record as of May 18, 2022. With consolidated assets of approximately $5.3 billion, CNB Financial operates through CNB Bank, offering a full range of banking services across Pennsylvania, Ohio, New York, and Virginia.