CNB Financial Corporation (CCNE)

CNB Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	292.39	273.22	196.04	166.54	152.69	139.87
Interest Income on Investments	28.61	20.47	17.7	13.06	14.48	15.86
Total Interest Income	321	293.7	213.74	179.6	167.17	155.73
Interest Paid on Deposits	130.34	97.77	19.83	15.06	24.14	30.2
Interest Paid on Borrowings	4.54	6.1	4.25	4.76	8.31	9.33
Total Interest Expense	134.88	103.87	24.08	19.82	32.46	39.53
Net Interest Income	186.12	189.83	189.66	159.78	134.71	116.2
Net Interest Income Growth (YoY)	-3.55%	0.09%	18.70%	18.61%	15.93%	10.75%
Trust Income	7.55	7.25	7.17	6.74	5.5	4.63
Mortgage Banking Activities	0.74	0.68	1.24	3.15	3.35	1.41
Gain (Loss) on Sale of Assets	-0.03	-0.03	0.17	-0.23	-1.1	0.38
Gain (Loss) on Sale of Investments	1.3	-0.34	-0.5	1.57	2.52	2.5
Other Non-Interest Income	21.28	18.4	19.48	16.01	12.69	10.66
Total Non-Interest Income	37.93	33.34	34.77	33.43	28.06	25.98
Non-Interest Income Growth (YoY)	14.23%	-4.12%	3.98%	19.16%	8.02%	25.34%
Revenues Before Loan Losses	224.05	223.16	224.43	193.21	162.77	142.17
Provision for Loan Losses	7.53	5.99	8.59	6	15.35	6.02
Revenue	216.52	217.17	215.84	187.21	147.42	136.15
Revenue Growth (YoY)	-0.90%	0.62%	15.29%	27.00%	8.28%	13.86%
Salaries and Employee Benefits	72.97	69.32	70.13	59.69	47.31	45.06
Occupancy Expenses	11.66	11.55	11.05	10.6	10.55	9.54
Federal Deposit Insurance	3.83	3.88	2.8	2.51	2.41	1.25
Amortization of Goodwill & Intangibles	-	-	-	-	-	0.57
Selling, General & Administrative	34.22	32.45	27.68	20.59	15.33	14.52
Other Non-Interest Expense	27.97	28.14	25.97	23.05	19.08	16.4
Total Non-Interest Expense	150.65	145.34	137.62	116.43	94.68	87.34
EBT Excluding Unusual Items	65.87	71.83	78.21	70.78	52.73	48.81
Pretax Income	65.87	71.83	78.21	70.78	40.09	48.64
Income Tax Expense	12.38	13.81	15.03	13.07	7.35	8.56
Net Income	53.49	58.02	63.19	57.71	32.74	40.08
Preferred Dividends & Other Adjustments	4.65	4.59	4.53	4.49	1.25	0.15
Net Income to Common	48.83	53.44	58.66	53.22	31.5	39.93
Net Income Growth	-10.74%	-8.18%	9.50%	76.24%	-18.31%	18.87%
Basic Shares Outstanding	21	21	18	17	16	15
Diluted Shares Outstanding	21	21	18	17	16	15
Shares Change (YoY)	-0.64%	16.23%	7.13%	5.13%	5.51%	-0.30%
EPS (Basic)	2.35	2.56	3.26	3.16	1.97	2.63
EPS (Diluted)	2.33	2.55	3.26	3.16	1.97	2.63
EPS Growth	-11.71%	-21.78%	3.16%	60.53%	-25.15%	19.16%
Dividend Per Share	0.705	0.700	0.700	0.685	0.680	0.680
Dividend Growth	0.71%	0%	2.19%	0.74%	0%	1.49%
Effective Tax Rate	18.80%	19.22%	19.21%	18.47%	18.33%	17.60%

Source: S&P Capital IQ. Banks template. Financial Sources.