CNB Financial Corporation (CCNE)

CNB Financial Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	293.54	273.22	196.04	166.54	152.69
Interest Income on Investments	31.93	20.47	17.7	13.06	14.48
Total Interest Income	325.47	293.7	213.74	179.6	167.17
Interest Paid on Deposits	138	97.77	19.83	15.06	24.14
Interest Paid on Borrowings	-	6.1	4.25	4.76	8.31
Total Interest Expense	138	103.87	24.08	19.82	32.46
Net Interest Income	187.47	189.83	189.66	159.78	134.71
Net Interest Income Growth (YoY)	-1.24%	0.09%	18.70%	18.61%	15.93%
Trust Income	7.85	7.25	7.17	6.74	5.5
Mortgage Banking Activities	0.67	0.68	1.24	3.15	3.35
Gain (Loss) on Sale of Assets	-	-0.03	0.17	-0.23	-1.1
Gain (Loss) on Sale of Investments	0.83	-0.34	-0.5	1.57	2.52
Other Non-Interest Income	22.78	18.4	19.48	16.01	12.69
Total Non-Interest Income	39.11	33.34	34.77	33.43	28.06
Non-Interest Income Growth (YoY)	17.34%	-4.12%	3.98%	19.16%	8.02%
Revenues Before Loan Losses	226.58	223.16	224.43	193.21	162.77
Provision for Loan Losses	9.22	5.99	8.59	6	15.35
Revenue	217.36	217.17	215.84	187.21	147.42
Revenue Growth (YoY)	0.09%	0.62%	15.29%	27.00%	8.28%
Salaries and Employee Benefits	74.54	69.32	70.13	59.69	47.31
Occupancy Expenses	14.74	11.55	11.05	10.6	10.55
Federal Deposit Insurance	3.72	3.88	2.8	2.51	2.41
Selling, General & Administrative	28.57	32.45	27.68	20.59	15.33
Other Non-Interest Expense	28.44	28.14	25.97	23.05	19.08
Total Non-Interest Expense	150	145.34	137.62	116.43	94.68
EBT Excluding Unusual Items	67.36	71.83	78.21	70.78	52.73
Pretax Income	67.36	71.83	78.21	70.78	40.09
Income Tax Expense	12.78	13.81	15.03	13.07	7.35
Net Income	54.58	58.02	63.19	57.71	32.74
Preferred Dividends & Other Adjustments	4.3	4.59	4.53	4.49	1.25
Net Income to Common	50.27	53.44	58.66	53.22	31.5
Net Income Growth	-5.94%	-8.18%	9.50%	76.24%	-18.31%
Basic Shares Outstanding	21	21	18	17	16
Diluted Shares Outstanding	21	21	18	17	16
Shares Change (YoY)	-0.21%	16.23%	7.13%	5.13%	5.51%
EPS (Basic)	2.41	2.56	3.26	3.16	1.97
EPS (Diluted)	2.39	2.55	3.26	3.16	1.97
EPS Growth	-6.27%	-21.78%	3.16%	60.53%	-25.15%
Dividend Per Share	0.710	0.700	0.700	0.685	0.680
Dividend Growth	1.43%	0%	2.19%	0.74%	0%
Effective Tax Rate	18.98%	19.22%	19.21%	18.47%	18.33%

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