NASDAQ$CCNE

CNB Financial Corporation · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

CNB Financial Corporation reported earnings for Q3 2024.

CNB Financial Corporation reported net income available to common shareholders of $12.9 million, or $0.61 per diluted share, for the three months ended September 30, 2024. Loans totaled $4.5 billion, excluding syndicated loans, representing an increase of $96.7 million from the previous quarter. Total deposits were $5.2 billion, reflecting an increase of $106.1 million from the previous quarter.

  • Net income available to common shareholders was $12.9 million, or $0.61 per diluted share.
  • Loans totaled $4.5 billion, excluding syndicated loans, representing an increase of $96.7 million from the previous quarter.
  • Total deposits were $5.2 billion, reflecting an increase of $106.1 million from the previous quarter.
  • The Corporation repositioned $135.0 million of brokered deposits from savings to certificates of deposits.

Headline financials

Total Revenue

$58.5M

Previous: $55.1M+6.1%
EPS

$0.61

Previous: $0.60+1.7%
Efficiency Ratio

66.3%

Previous: 67.0%-1.0%
Return on Avg Equity

9.3%

No prior period
Net Interest Margin

3.4%

Previous: 3.5%-3.4%
Capital Expenditures

-$12.9M

Previous: -$8.96M-44.0%
Free Cash Flow

$1.06M

Previous: $4.77M-77.7%
Net Income

$14M

Previous: $13.7M+1.7%
Operating Income

$14.2M

Previous: $17M-16.2%
Gross Profit

$58.5M

Previous: $55.1M+6.1%
Cash & Equivalents

$361M

Previous: $183M+97.7%
Total Assets

$6.01B

Previous: $5.73B+4.9%
Stock-Based Comp

$471K

Previous: $350K+34.6%

Revenue & EPS history

CNB Financial · Revenue · Quarterly

$58.5M

Q3 2024+6.1%vs Q3 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the Corporation’s financial condition, liquidity, results of operations, future performance and business.

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 Q3 2024

Historical avgQ3 2024

-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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