CNB Financial Management

Management criteria checks 3/4

CNB Financial’s CEO is Mike Peduzzi, appointed in Dec 2022, he has a tenure of less than a year. His total yearly compensation is US$1.1m, comprised of 45.0% salary and 55.0% bonuses, including company stock and options. He directly owns 0.1% of the company’s shares, worth US$357.6k. The average tenure of the management team and the board of directors is 3.3yrs and 11.5yrs respectively.

Key information

Mike Peduzzi

Chief executive officer

US$1.1m

Total compensation

CEO salary percentage	45.0%
CEO tenure	less than a year
CEO ownership	0.1%
Management average tenure	3.3yrs
Board average tenure	11.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Peduzzi's remuneration changed compared to CNB Financial's earnings?
Date	Total Comp.	Salary	Company Earnings
Mar 31 2023	n/a	n/a	US$60m
Dec 31 2022	US$1m	US$500k	US$59m

Compensation vs Market: Mike's total compensation ($USD1.11M) is about average for companies of similar size in the German market ($USD900.57K).

Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.

CEO

Mike Peduzzi (56 yo)

less than a year

Tenure

US$1,110,489

Compensation

Mr. Michael D. Peduzzi, C. P.A., also known as Mike, served as Vice President at CNB Financial Corporation and serves as its Director and serves as its President and Chief Executive Officer since December...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Peduzzi	President	less than a year	US$1.11m	0.10% $ 357.6k
Tito Lima	Senior EVP	3.8yrs	US$615.89k	0.080% $ 279.2k
Richard Greslick	Senior Executive VP	no data	US$753.92k	0.14% $ 495.0k
Leanne Kassab	Senior Executive VP	7.8yrs	US$550.26k	0.058% $ 202.6k
Martin Griffith	Senior EVP & Chief Banking Officer	no data	US$592.98k	0.038% $ 133.0k
Amy Potter	Vice President of Marketing	no data	no data	no data
Vincent Turiano	Assistant Secretary & Executive VP of Operations	no data	US$171.08k	no data
Steven R. Shilling	Executive VP & Chief Wealth Management Officer	5.9yrs	no data	0.030% $ 103.5k
Gregory Dixon	Executive VP & Chief Credit Officer	no data	no data	0.055% $ 189.3k
Angela Wilcoxson	Executive VP & Chief Commercial Banking Officer	2.8yrs	no data	0.017% $ 58.7k
Heather Koptchak	Senior VP & Chief Employee Resources Officer	no data	no data	0.0091% $ 31.4k
Darryl Koch	Senior VP	no data	no data	no data

3.3yrs

Average Tenure

54yo

Average Age

Experienced Management: 44I's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Peduzzi	President	no data	US$1.11m	0.10% $ 357.6k
Richard Greslick	Senior Executive VP	11.5yrs	US$753.92k	0.14% $ 495.0k
Jeffrey Powell	Independent Director	28.4yrs	US$91.54k	0.64% $ 2.2m
Deborah Pontzer	Independent Director	19.9yrs	US$82.09k	0.19% $ 645.9k
Nicholas Scott	Independent Director	10yrs	US$80.99k	0.15% $ 516.6k
Richard Seager	Independent Director	12.4yrs	US$85.99k	0.089% $ 308.1k
Peter Smith	Independent Chairman of the Board	33.7yrs	US$158.99k	0.48% $ 1.7m
Joel Peterson	Independent Director	11.7yrs	US$79.99k	0.11% $ 381.0k
Peter Varischetti	Independent Director	7.8yrs	US$80.99k	0.081% $ 280.3k
Francis Straub	Independent Director	8.1yrs	US$79.69k	0.16% $ 566.0k
Julie Young	Independent Director	4yrs	US$82.49k	0.028% $ 98.7k
Michael Obi	Independent Director	1.7yrs	US$45.50k	0.020% $ 70.3k

11.5yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 44I's board of directors are seasoned and experienced ( 11.5 years average tenure).

CNB Financial Management

Management criteria checks 3/4

Key information

Recent management updates

CNB Financial Corporation Announces Board Changes

CNB Financial Corporation Announces Executive Changes

CNB Financial Corporation, Annual General Meeting, Apr 20, 2021

Recent updates

Upcoming dividend of US$0.17 per share at 4.0% yield

Independent Director recently sold €77k worth of stock

CNB Financial Corporation Announces Quarterly Dividend for Common Stock, Payable on June 15, 2023

First quarter 2023 earnings released: EPS: US$0.73 (vs US$0.84 in 1Q 2022)

Independent Director recently bought €96k worth of stock

Investor sentiment deteriorates as stock falls 18%

Full year 2022 earnings released: EPS: US$3.26 (vs US$3.16 in FY 2021)

Upcoming dividend of US$0.17 per share at 2.9% yield

CNB Financial Corporation Announces Quarterly Dividend on Common Stock, Payable on March 15, 2023

Full year 2022 earnings released: EPS: US$3.27 (vs US$3.16 in FY 2021)

Upcoming dividend of US$0.17 per share

CNB Financial Corporation Announces Board Changes

CNB Financial Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2022

Third quarter 2022 earnings released: EPS: US$0.90 (vs US$0.82 in 3Q 2021)

CNB Financial Corporation Announces Net Loan Charge Off for the Three Months Ended September 30, 2022

CNB Financial Corporation has completed a Follow-on Equity Offering in the amount of $86.999985 million.

Upcoming dividend of US$0.17 per share

CNB Financial Corporation Declares Quarterly Cash Dividend, Payable on September 15, 2022

Second quarter 2022 earnings released: EPS: US$0.85 (vs US$0.77 in 2Q 2021)

CNB Financial Corporation (NasdaqGS:CCNE) announces an Equity Buyback for 500,000 shares, for $15 million.

Upcoming dividend of US$0.17 per share

CNB Financial Corporation Announces Quarterly Dividend for Common Stock, Payable on June 15, 2022

First quarter 2022 earnings released: EPS: US$0.84 (vs US$0.78 in 1Q 2021)

Insider recently bought €62k worth of stock

First quarter 2022 earnings released: EPS: US$0.84 (vs US$0.78 in 1Q 2021)

Insider recently bought €60k worth of stock

Upcoming dividend of US$0.17 per share

CNB Financial Corporation Announces Executive Changes

CNB Financial Corporation Announces Declaration of Quarterly Cash Dividend, Payable on March 15, 2022

CNB Financial Corporation Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2021

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.17 per share

Third quarter 2021 earnings released: EPS US$0.82 (vs US$0.47 in 3Q 2020)

Insider recently bought €102k worth of stock

Upcoming dividend of US$0.17 per share

Second quarter 2021 earnings released: EPS US$0.77 (vs US$0.54 in 2Q 2020)

Second quarter 2021 earnings released: EPS US$0.77 (vs US$0.54 in 2Q 2020)

Upcoming dividend of US$0.17 per share

CNB Financial Corporation Announces the Declaration of $0.17 Per Share of Common Stock Quarterly Cash Dividend Payable on June 15, 2021

First quarter 2021 earnings released: EPS US$0.78 (vs US$0.57 in 1Q 2020)

First quarter 2021 earnings released: EPS US$0.78 (vs US$0.57 in 1Q 2020)

CNB Financial Corporation Reports Net Loan Charge-Offs for the First Quarter Ended March 31, 2021

CNB Financial Corporation, Annual General Meeting, Apr 20, 2021

Revenue beats expectations

Full year 2020 earnings released: EPS US$1.98 (vs US$2.63 in FY 2019)

New 90-day high: €19.65

Full year 2020 earnings released: EPS US$1.98 (vs US$2.63 in FY 2019)

Revenue beats expectations

New 90-day high: €18.60

New 90-day high: €17.49

Upcoming Dividend of US$0.17 Per Share

New 90-day high: €17.38

Third quarter 2020 earnings released: EPS US$0.47

Market bids up stock over the past week

New 90-day high: €15.68

Third quarter earnings released

New 90-day low: €12.26

Executive VP recently bought €79k worth of stock

New 90-day low - €13.24

First half earnings released

CNB Financial Corporation(NasdaqGS:CCNE) dropped from Russell Microcap Growth Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age