NASDAQ$CCNE

CNB Financial Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record earnings per share.

CNB Financial Corporation reported a strong fourth quarter and full year, with record earnings per share driven by commercial loan growth, strong fee income, and stable credit quality. The company's loan portfolio is well-positioned for future growth, and its communities are showing continued growth opportunities.

  • Earnings per diluted share increased by 100.0% to $0.80 for the fourth quarter of 2021.
  • The loan portfolio, excluding PPP loans, grew by $373.3 million, or 11.6%, from December 31, 2020.
  • Total deposits increased by $533.9 million, or 12.8%, from December 31, 2020.
  • Total non-performing assets decreased to $20.3 million, or 0.38% of total assets.

Headline financials

Total Revenue

$42.1M

Previous: $40.1M+4.8%
EPS (adj)

$0.80

Previous: $0.75+6.7%
Efficiency Ratio

63.2%

Previous: 72.2%-12.4%
Return on Avg Equity

13.2%

No prior period
Net Loan Charge-offs

0.1%

Previous: 0.2%-76.2%
Capital Expenditures

$1.13M

Previous: $1.86M-39.5%
Free Cash Flow

$19.1M

Previous: $7.49M+155.6%
Net Income

$14.6M

Previous: $7.9M+85.2%
Cash & Equivalents

$732M

Previous: $533M+37.5%
Total Assets

$5.33B

Previous: $4.73B+12.7%
Stock-Based Comp

$287K

Previous: $287K+0.0%

Revenue & EPS history

CNB Financial · Revenue · Quarterly

$42.1M

Q4 2021+4.8%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

CNB's loan pipelines are very promising for positive growth over the next 12 months.The communities they serve have fared well through the pandemic and are reflecting continued growth opportunities. CNB is excited to be a part of their growth with high expectations heading into 2022.

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 Q4 2021

Historical avgQ4 2021

-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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