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.
The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.4453125 per depositary share, based on a $17.8125 per share dividend on its Series A Preferred Stock. This dividend is payable on March 1, 2022, for shareholders on record as of February 15, 2022. With consolidated assets of approximately $5.3 billion, CNB Financial conducts business primarily through its principal subsidiary, CNB Bank, which offers a wide range of banking services across multiple states.
CNB Financial Corporation (CCNE) reported record earnings for the year ended December 31, 2021, achieving net income of $57.7 million or $3.16 per diluted share, up 76.2% from 2020. The loan portfolio grew by 11.6%, reaching $3.6 billion, supported by strong commercial loan growth. Total deposits rose by 12.8% to $4.7 billion. Non-performing assets decreased significantly to 0.38% of total assets. The effective tax rate remained steady at around 18.5%. Overall, the Corporation showed robust financial health with enhanced book value and profitability metrics.
CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.175 per share, payable on December 15, 2021, to shareholders of record as of December 1, 2021. The company, with consolidated assets of approximately $5.2 billion, operates primarily through CNB Bank, which provides a full range of banking services including trust and wealth management across multiple states. CNB Bank comprises various divisions including ERIEBANK, FCBank, and BankOnBuffalo.
CNB Financial Corporation (Nasdaq: CCNE) declared a quarterly cash dividend of $0.4453125 per depositary share, resulting from a $17.8125 per share dividend on its Series A Preferred Stock. This dividend is payable on December 1, 2021, for shareholders on record as of November 17, 2021. With consolidated assets of approximately $5.2 billion, CNB Financial operates through its principal subsidiary, CNB Bank, offering a comprehensive range of banking services across Pennsylvania, Ohio, New York, and Virginia.
The Board of Directors of CNB Financial Corporation announced the retirement of Robert W. Montler after 16 years of service. Montler, who is also the CEO of Lee Industries and Keystone Process Equipment, has been instrumental in guiding CNB through significant changes in community banking. Peter Smith, Chairperson of CNB, praised Montler's business acumen and commitment. CNB Financial Corporation oversees approximately $5.2 billion in consolidated assets and operates various banking divisions across Pennsylvania, Ohio, New York, and Virginia.
CNB Financial Corporation (NASDAQ: CCNE) reported strong earnings for Q3 2021 with a net income of $14.9 million, or $0.82 per diluted share, marking a 74.5% increase year-over-year. Excluding PPP loans, the loan portfolio grew by 6.5% since December 31, 2020, driven by expansions in key regions. Total deposits rose to $4.6 billion, up 9.8% from the start of the year. The corporation redeemed $50 million in subordinated notes and reported an efficiency ratio of 59.47% for the quarter. Non-performing assets decreased to 0.42% of total assets, indicating improved asset quality.
CNB Financial Corporation (NASDAQ: CCNE) announced the redemption of its $50 million subordinated notes, maturing in 2026, on October 15, 2021. The redemption price totaled $50,718,750, which included $718,750 in accrued interest. This move was financed through cash on hand and proceeds from a new offering of $85 million in subordinated notes due 2031, which carry a lower interest rate of 3.25%. This strategic refinancing reflects CNB's focus on managing its debt profile effectively.
CNB Financial Corporation (NASDAQ: CCNE) appointed Michael D. Peduzzi as President and Chief Operating Officer of CNB Bank. Peduzzi, with over 34 years in banking, previously served as CFO for a Pennsylvania community bank that increased assets from $1 billion to $3 billion. His leadership aims to steer CNB Bank's strategic growth, optimizing shareholder returns while adhering to regulations. The company has consolidated assets of approximately $5.1 billion and operates across several states, offering a full range of banking services.
CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.17 per share, payable on September 15, 2021, to shareholders on record as of September 1, 2021. The corporation has consolidated assets of approximately $5.1 billion and operates through its primary subsidiary, CNB Bank, which offers a wide range of banking services across multiple states, including Pennsylvania, Ohio, New York, and Virginia. CNB Bank provides services including trust and wealth management, catering to various customer segments.
The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.4453125 per depositary share, following a $17.8125 per share dividend on its Series A Preferred Stock. This dividend is payable on September 1, 2021, to shareholders on record as of August 18, 2021. CNB Financial has consolidated assets of approximately $5.1 billion and offers a comprehensive range of banking services through its subsidiary, CNB Bank, which operates 44 full-service offices across multiple states.
