Overview
CNB Financial Q2 net income rises to $12.9 mln, $0.61 EPS, up from Q1 2025
Excluding merger costs, Q2 earnings were $13.2 mln, up 11.31% from Q1
Total nonperforming assets fell to $30.4 mln, driven by resolution of NPAs
Outlook
Company expects opportunities for further cost-of-fund interest reductions in Q3
CNB Financial anticipates continued commercial loan growth in Q3
Company plans to integrate ESSA Bancorp by July 23
Result Drivers
NET INTEREST INCOME - Increased due to changes in earning asset mix and yield curve, boosting net interest margin
LOAN GROWTH - Driven by expansion in ERIEBANK, Ridge View Bank, BankOnBuffalo, and CNB Bank's Private Banking division
NONPERFORMING ASSETS - Decreased significantly due to resolution of approximately $24.1 million in NPAs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted Revenue | $21.60 mln | ||
Q2 EPS | $0.61 | ||
Q2 Net Income | $13.96 mln | ||
Q2 Net Interest Income | $52.20 mln | ||
Q2 Credit Loss Provision | $4.34 mln | ||
Q2 Pretax Profit | $17.25 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for CNB Financial Corp is $26.50, about 10.4% above its July 21 closing price of $23.74
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release: ID:nGNX449ZpT
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)