CNB Financial Management

Management criteria checks 4/4

CNB Financial's CEO is Mike Peduzzi, appointed in Dec 2022, has a tenure of 1.33 years. total yearly compensation is $1.18M, comprised of 53% salary and 47% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth €632.11K. The average tenure of the management team and the board of directors is 2.5 years and 10.9 years respectively.

Key information

Mike Peduzzi

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage	53.0%
CEO tenure	1.3yrs
CEO ownership	0.2%
Management average tenure	2.5yrs
Board average tenure	10.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Peduzzi's remuneration changed compared to CNB Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$50m
Dec 31 2023	US$1m	US$623k	US$53m
Sep 30 2023	n/a	n/a	US$55m
Jun 30 2023	n/a	n/a	US$58m
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 ($USD1.18M) is about average for companies of similar size in the German market ($USD985.63K).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Peduzzi (57 yo)

1.3yrs

Tenure

US$1,175,410

Compensation

Mr. Michael D. Peduzzi, C. P.A., also known as Mike, is the President and Chief Executive Officer of CNB Financial Corporation since December 31, 2022 and its Director since January 1, 2023. He served as V...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Peduzzi	President	1.3yrs	US$1.18m	0.17% $ 632.1k
Tito Lima	Senior EVP	4.8yrs	US$634.20k	0.10% $ 374.7k
Richard Greslick	Senior Executive VP	no data	US$552.38k	0.20% $ 750.8k
Leanne Kassab	Senior Executive VP	8.7yrs	US$549.67k	0.11% $ 407.0k
Martin Griffith	Senior EVP & Chief Banking Officer	no data	US$663.70k	0.066% $ 244.3k
Steven R. Shilling	Executive VP & Chief Wealth Management Officer	6.8yrs	no data	0.054% $ 199.6k
Gregory Dixon	Executive VP & Chief Credit Officer	no data	no data	0.099% $ 363.7k
Angela Wilcoxson	Executive VP & Chief Commercial Banking Officer	3.7yrs	no data	0.035% $ 129.0k
Heather Koptchak	Senior VP & Chief Employee Resources Officer	no data	no data	0.020% $ 72.3k
Darryl Koch	Executive VP and Chief Information Technology & Security Officer	less than a year	no data	0.013% $ 46.5k
Robin Mink	Senior VP & Chief Treasury Management Officer	less than a year	no data	no data
Anna Andersen	Senior VP & Chief Risk Officer	less than a year	no data	0.013% $ 48.5k

2.5yrs

Average Tenure

52yo

Average Age

Experienced Management: 44I's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Peduzzi	President	1.3yrs	US$1.18m	0.17% $ 632.1k
Richard Greslick	Senior Executive VP	12.4yrs	US$552.38k	0.20% $ 750.8k
Jeffrey Powell	Independent Chairperson	29.3yrs	US$102.65k	0.65% $ 2.4m
Deborah Pontzer	Independent Director	20.8yrs	US$82.09k	0.20% $ 723.8k
Nicholas Scott	Independent Director	10.9yrs	US$91.80k	0.16% $ 587.0k
Richard Seager	Independent Director	13.3yrs	US$85.99k	0.097% $ 355.9k
Peter Smith	Independent Director	no data	US$158.99k	0.50% $ 1.8m
Joel Peterson	Independent Director	12.6yrs	US$90.30k	0.12% $ 436.0k
Peter Varischetti	Independent Director	8.7yrs	US$91.50k	0.090% $ 331.6k
Francis Straub	Independent Director	9yrs	US$79.69k	0.17% $ 611.9k
Julie Young	Independent Director	4.9yrs	US$97.80k	0.038% $ 138.2k
Michael Obi	Independent Director	2.6yrs	US$95.80k	0.029% $ 105.0k

10.9yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 44I's board of directors are seasoned and experienced ( 10.9 years average tenure).

CNB Financial Management

Management criteria checks 4/4

Key information

Recent management updates

CNB Financial Corporation, Annual General Meeting, Apr 16, 2024

CNB Financial Corporation Announces Management Changes

Independent Director recently sold €77k worth of stock

Independent Director recently bought €96k worth of stock

CNB Financial Corporation Announces Board Changes

Insider recently bought €62k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$0.60 (vs US$0.73 in 1Q 2023)

Full year 2023 earnings released: EPS: US$2.56 (vs US$3.26 in FY 2022)

CNB Financial Corporation, Annual General Meeting, Apr 16, 2024

Upcoming dividend of US$0.17 per share

Fourth quarter dividend of US$0.17 announced

CNB Financial Corporation Declares Quarterly Cash Dividend, Payable on March 15, 2024

Full year 2023 earnings released: EPS: US$2.57 (vs US$3.26 in FY 2022)

CNB Financial Corporation Announces Management Changes

Upcoming dividend of US$0.17 per share at 3.4% yield

CNB Financial Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2023

Third quarter 2023 earnings released: EPS: US$0.60 (vs US$0.90 in 3Q 2022)

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

CNB Financial Corporation Declares a Quarterly Cash Dividend, Payable on September 15, 2023

CNB Financial Corporation Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings released: EPS: US$0.61 (vs US$0.85 in 2Q 2022)

New minor risk - Insider selling

New minor risk - Share price stability

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