Welcome to our dedicated page for Cnb Financial news (Ticker: CCNE), a resource for investors and traders seeking the latest updates and insights on Cnb Financial stock.
CNB Financial Corporation (CCNE) delivers community-focused banking solutions across Pennsylvania and Ohio through retail/commercial banking, wealth management, and digital services. This news hub provides investors and stakeholders with essential updates on CCNE's strategic developments and market position.
Access real-time announcements including quarterly earnings disclosures, merger/acquisition activity, leadership changes, and regulatory filings. Our curated news collection enables informed analysis of CCNE's performance in commercial lending, deposit growth trends, and digital banking expansion.
Key content categories feature financial results, operational milestones, governance updates, and industry recognition. Track CCNE's initiatives in small business lending programs, trust service enhancements, and regional economic partnerships.
Bookmark this page for centralized access to verified CCNE developments. Combine these updates with SEC filings and market analysis for comprehensive investment research.
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.
CNB Financial Corporation (NASDAQ: CCNE) reported earnings of $14.2 million for Q1 2022, equating to $0.84 per diluted share, up 8.1% year-over-year. Loan growth, primarily in commercial lending, contributed to this increase. The total loan portfolio reached $3.6 billion, a 3.7% rise from Q4 2021. Despite a slight decline in total deposits to $4.7 billion, nonperforming assets decreased to 0.38%. With an annualized return on average equity of 13.99%, the corporation maintains a strong liquidity position of approximately $405 million, supporting future growth.
CNB Financial Corporation has announced the retirement of CEO Joseph B. Bower, effective December 31, 2022. Under Bower's leadership since 2009, the company's assets surged from $1.2 billion to $5.3 billion, marking a remarkable 342% increase. His tenure saw the successful establishment of divisions such as ERIEBANK and BankOnBuffalo, and strategic acquisitions including Farmer’s Citizens Bank. Bower's retirement marks the end of a significant era for CNB, with Michael Peduzzi slated to succeed him.
The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.175 per share, payable on March 15, 2022. Shareholders on record as of March 1, 2022 will receive this dividend. CNB Financial Corporation has consolidated assets of approximately $5.3 billion and offers a range of banking services through its primary subsidiary, CNB Bank. The bank operates 45 full-service offices across Pennsylvania, Ohio, New York, and Virginia.
