NASDAQ$CCNE

CNB Financial Corporation · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported earnings per share of $0.54 compared to $0.64 for second quarter 2019

CNB Financial Corporation reported a net income of $8.2 million, or $0.54 per diluted share, for the quarter ended June 30, 2020. The results reflect the challenges and rewards of helping customers navigate a difficult period, with a favorable financial performance and a positive outlook.

  • Net income was $8.2 million, or $0.54 per diluted share.
  • Loans totaled $3.0 billion, including $217 million in Paycheck Protection Program (PPP) loans.
  • Deposits totaled $3.6 billion, including an estimated $217 million in PPP deposits.
  • The Corporation’s cash position totaled approximately $663 million.

Headline financials

Total Revenue

$37.9M

Previous: $35.6M+6.5%
EPS (adj)

$0.43

Previous: $0.64-32.8%
Efficiency Ratio

57.8%

Previous: 60.4%-4.3%
Return on Avg Equity

10.3%

No prior period
Net Loan Charge-offs

0.4%

Previous: 0.1%+272.7%
Capital Expenditures

-$2.7M

Previous: -$3.9M+30.8%
Free Cash Flow

$5.55M

Previous: $5.87M-5.4%
Net Income

$8.25M

Previous: $9.77M-15.6%
Operating Income

$18.4M

Previous: $21.5M-14.3%
Gross Profit

$32.2M

Previous: $33.8M-4.7%
Cash & Equivalents

$663M

Previous: $37.9M+1648.0%
Total Assets

$4.47B

Previous: $3.4B+31.4%
Stock-Based Comp

$286K

Previous: $275K+4.0%

Revenue & EPS history

CNB Financial · Revenue · Quarterly

$37.9M

Q2 2020+6.5%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The Corporation is confident to help keep communities safe, employed and encouraged for the future.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.1%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+3.6%

Avg return

30 days after

45%

30 / 66 earnings

Positive

+9.7%

Q2 2020

Best reaction

-10.5%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-2.6%-0.6%
Q4 2025-0.8%+4.5%+3.5%
Q3 2025-0.7%+0.3%+6.0%
Q2 2025-0.5%-0.8%+2.4%
Q1 2025+0.1%+0.4%-0.7%
Q4 2024+0.9%-1.5%-1.8%
Q3 2024+2.5%+1.9%+11.0%
Q2 2024+0.3%+8.1%-3.3%
Q1 2024-4.6%-3.1%+4.7%
Q4 2023+2.4%+3.7%-8.0%
Q3 2023+1.4%+1.9%+18.3%
Q2 2023-0.5%-0.7%-3.6%
Q1 2023-1.8%-0.4%-1.9%
Q4 2022-0.8%-1.5%+2.9%
Q3 2022-1.1%-4.5%+2.2%
Q2 2022+4.1%+3.2%+17.6%
Q1 2022+5.2%+4.9%-2.7%
Q4 2021+2.4%+1.1%+0.1%
Q3 2021+5.1%+5.8%+14.9%
Q2 2021+2.0%+2.6%+11.2%
Q1 2021-3.5%+2.5%+0.2%
Q4 2020-8.0%-6.4%+7.2%
Q3 2020+6.3%+21.9%+22.8%
Q2 2020+9.7%+8.9%+6.2%
Q1 2020-4.1%-2.3%-2.7%
Q4 2019-0.6%-4.4%-8.2%
Q3 2019+0.8%+11.9%+10.8%
Q2 2019-0.3%+5.3%+1.8%
Q1 2019-1.4%+0.1%-0.5%
Q4 2018+2.8%+2.9%+13.3%
Q3 2018-1.9%-8.6%-5.3%
Q2 2018+0.7%+2.7%+2.2%
Q1 2018-0.1%+0.1%+3.0%
Q4 2017-4.5%-1.4%+3.0%
Q3 2017+1.1%+2.3%+0.4%
Q2 2017+3.5%+5.4%-2.7%
Q1 2017+6.8%+9.2%-3.2%
Q4 2016-5.2%-6.8%-2.9%
Q3 2016-0.1%+2.2%+21.1%
Q2 2016-1.1%-1.1%+4.4%
Q1 2016+0.1%
Q4 2015-1.4%
Q3 2015+0.0%
Q2 2015-1.9%
Q1 2015+0.4%
Q4 2014-0.1%
Q3 2014-1.7%
Q2 2014+3.9%
Q1 2014+1.0%
Q4 2013-1.8%
Q3 2013+7.2%
Q2 2013+1.1%
Q1 2013-3.8%
Q4 2011+0.2%
Q4 2009+0.2%
Q4 2010+0.2%
Q4 2012-1.4%
Q3 2012-0.3%
Q2 2012-1.8%
Q1 2011-0.7%
Q1 2012+3.7%
Q3 2010-3.7%
Q3 2011-3.7%
Q2 2011-10.5%
Q2 2010-10.5%
Q1 2010+3.5%

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