CNB Financial Management
Management criteria checks 3/4
CNB Financial's CEO is Mike Peduzzi, appointed in Dec 2022, has a tenure of 1.67 years. total yearly compensation is $1.18M, comprised of 53% salary and 47% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth $839.92K. The average tenure of the management team and the board of directors is 1.5 years and 11.3 years respectively.
Key information
Mike Peduzzi
Chief executive officer
US$1.2m
Total compensation
| CEO salary percentage | 53.0% |
| CEO tenure | 1.7yrs |
| CEO ownership | 0.2% |
| Management average tenure | 1.5yrs |
| Board average tenure | 11.3yrs |
Recent management updates
Recent updates
CNB Financial (NASDAQ:CCNE) Is Increasing Its Dividend To $0.18
Aug 17
CNB Financial (NASDAQ:CCNE) Has Affirmed Its Dividend Of $0.175
Feb 17CNB Financial (NASDAQ:CCNE) Will Pay A Dividend Of $0.175
Nov 18CNB Financial (NASDAQ:CCNE) Has Affirmed Its Dividend Of $0.175
Aug 25CNB Financial (NASDAQ:CCNE) Has Announced A Dividend Of $0.175
May 13CNB Financial's (NASDAQ:CCNE) Dividend Will Be $0.175
Nov 17CNB Financial GAAP EPS of $0.90 misses by $0.09, revenue of $57.87M beats by $7.92M
Oct 18CNB Financial dips 5.6% on $87M public offering
Sep 15CNB Financial (NASDAQ:CCNE) Has Affirmed Its Dividend Of $0.175
Aug 13CNB Financial GAAP EPS of $0.85 beats by $0.03, revenue of $54.45M beats by $9.15M
Jul 19CNB Financial's (NASDAQ:CCNE) Dividend Will Be US$0.17
Feb 12CNB Financial (NASDAQ:CCNE) Has Announced A Dividend Of US$0.17
Aug 14CNB Financial Corporation's (NASDAQ:CCNE) CEO Compensation Is Looking A Bit Stretched At The Moment
Apr 15How Does CNB Financial Corporation (NASDAQ:CCNE) Stand Up To These Simple Dividend Safety Checks?
Mar 05What Type Of Shareholders Own The Most Number of CNB Financial Corporation (NASDAQ:CCNE) Shares?
Feb 07
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | US$49m |
| 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 below average for companies of similar size in the US market ($USD2.46M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Peduzzi (58 yo)
1.7yrs
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 |
|---|---|---|---|---|
| President | 1.7yrs | US$1.18m | 0.18% $ 839.9k | |
| Senior EVP | 5.1yrs | US$634.20k | 0.10% $ 487.8k | |
| Senior Executive VP | less than a year | US$552.38k | 0.21% $ 977.4k | |
| Senior Executive VP | 9yrs | US$549.67k | 0.11% $ 529.8k | |
| Senior EVP & Chief Revenue Officer | less than a year | US$663.70k | 0.067% $ 318.0k | |
| Executive VP & COO | less than a year | no data | 0.038% $ 179.4k | |
| Executive VP & Chief Wealth Management Officer | 7.2yrs | no data | 0.055% $ 259.8k | |
| Executive VP & Chief Credit Officer | no data | no data | 0.099% $ 473.4k | |
| Executive VP & Chief Commercial Banking Officer | 4yrs | no data | 0.035% $ 167.9k | |
| Senior VP & Chief Employee Resources Officer | no data | no data | 0.020% $ 94.1k | |
| Executive VP and Chief Information Technology & Security Officer | 1.3yrs | no data | 0.013% $ 60.6k | |
| Senior VP & Chief Treasury Management Officer | 1.2yrs | no data | no data |
1.5yrs
Average Tenure
53yo
Average Age
Experienced Management: CCNE's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.6yrs | US$1.18m | 0.18% $ 839.9k | |
| Senior Executive VP | 12.8yrs | US$552.38k | 0.21% $ 977.4k | |
| Independent Chairperson | 29.7yrs | US$102.65k | 0.66% $ 3.1m | |
| Independent Director | 21.2yrs | US$98.50k | 0.20% $ 942.3k | |
| Independent Director | 11.3yrs | US$91.80k | 0.16% $ 764.1k | |
| Independent Director | 13.7yrs | US$87.60k | 0.097% $ 463.2k | |
| Independent Director | no data | US$170.80k | 0.50% $ 2.4m | |
| Independent Director | 12.9yrs | US$90.30k | 0.12% $ 567.6k | |
| Independent Director | 9yrs | US$91.50k | 0.091% $ 431.7k | |
| Independent Director | 9.3yrs | US$90.80k | 0.17% $ 796.6k | |
| Independent Director | 5.3yrs | US$97.80k | 0.038% $ 179.9k | |
| Independent Director | 2.9yrs | US$95.80k | 0.029% $ 136.8k |
11.3yrs
Average Tenure
58.5yo
Average Age
Experienced Board: CCNE's board of directors are seasoned and experienced ( 11.3 years average tenure).