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CNB Financial

Nasdaq:CCNE
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CCNE
Nasdaq
$403M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The last earnings update was 1 day ago. More info.


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CCNE Share Price and Events
7 Day Returns
-2.5%
NasdaqGS:CCNE
-1.1%
US Banks
-1.2%
US Market
1 Year Returns
-14.9%
NasdaqGS:CCNE
-6.5%
US Banks
3.4%
US Market
CCNE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CNB Financial (CCNE) -2.5% 1.6% -2.2% -14.9% 42.5% 60.6%
US Banks -1.1% 2.8% -0.5% -6.5% 45.1% 45.5%
US Market -1.2% 1.2% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • CCNE underperformed the Banks industry which returned -6.5% over the past year.
  • CCNE underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
CCNE
Industry
5yr Volatility vs Market
Related Companies

CCNE Value

 Is CNB Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CNB Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CNB Financial.

NasdaqGS:CCNE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $16.10 * 10.1%
$1.62
Book Value of Equity per Share Median Book Value from the past 5 years. $16.10
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CCNE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.596 (1 + (1- 21%) (81.53%))
0.987
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.987 * 5.96%)
8.61%

Discounted Cash Flow Calculation for NasdaqGS:CCNE using Excess Returns Model Model

The calculations below outline how an intrinsic value for CNB Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:CCNE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.1% – 8.61%) * $16.10)
$0.24
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.24 / (8.61% - 2.73%)
$4.00
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $16.10 + $4.00
$20.09
NasdaqGS:CCNE Discount to Share Price
Calculation Result
Value per share (USD) From above. $20.09
Current discount Discount to share price of $26.55
= -1 x ($26.55 - $20.09) / $20.09
-32.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of CNB Financial is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CNB Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CNB Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CCNE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $2.45
NasdaqGS:CCNE Share Price ** NasdaqGS (2019-07-19) in USD $26.55
United States of America Banks Industry PE Ratio Median Figure of 594 Publicly-Listed Banks Companies 12.73x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CNB Financial.

NasdaqGS:CCNE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CCNE Share Price ÷ EPS (both in USD)

= 26.55 ÷ 2.45

10.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CNB Financial is good value based on earnings compared to the US Banks industry average.
  • CNB Financial is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does CNB Financial's expected growth come at a high price?
Raw Data
NasdaqGS:CCNE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
7.1%per year
United States of America Banks Industry PEG Ratio Median Figure of 270 Publicly-Listed Banks Companies 1.19x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqGS:CCNE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.82x ÷ 7.1%

1.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CNB Financial is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on CNB Financial's assets?
Raw Data
NasdaqGS:CCNE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $18.86
NasdaqGS:CCNE Share Price * NasdaqGS (2019-07-19) in USD $26.55
United States of America Banks Industry PB Ratio Median Figure of 594 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NasdaqGS:CCNE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CCNE Share Price ÷ Book Value per Share (both in USD)

= 26.55 ÷ 18.86

1.41x

* Primary Listing of CNB Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CNB Financial is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess CNB Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. CNB Financial has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CCNE Future Performance

 How is CNB Financial expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CNB Financial expected to grow at an attractive rate?
  • CNB Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CNB Financial's earnings growth is positive but not above the United States of America market average.
  • CNB Financial's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CCNE Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CCNE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 7.1%
NasdaqGS:CCNE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -0.4%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CCNE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CCNE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 126 41 1
2019-12-31 114 38 1
NasdaqGS:CCNE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 129 37
2019-03-31 125 41 36
2018-12-31 120 44 34
2018-09-30 114 38 28
2018-06-30 110 37 26
2018-03-31 107 35 24
2017-12-31 105 31 24
2017-09-30 104 68 25
2017-06-30 102 28 24
2017-03-31 99 21 22
2016-12-31 95 27 20
2016-09-30 94 -13 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CNB Financial's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
  • CNB Financial's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CCNE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from CNB Financial Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CCNE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.72 2.72 2.72 1.00
2019-12-31 2.48 2.48 2.48 1.00
NasdaqGS:CCNE Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 2.45
2019-03-31 2.36
2018-12-31 2.21
2018-09-30 1.85
2018-06-30 1.72
2018-03-31 1.60
2017-12-31 1.57
2017-09-30 1.69
2017-06-30 1.66
2017-03-31 1.51
2016-12-31 1.42
2016-09-30 1.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if CNB Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CNB Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CNB Financial has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CCNE Past Performance

  How has CNB Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CNB Financial's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CNB Financial's year on year earnings growth rate has been positive over the past 5 years.
  • CNB Financial's 1-year earnings growth exceeds its 5-year average (42.8% vs 9.9%)
  • CNB Financial's earnings growth has exceeded the US Banks industry average in the past year (42.8% vs 38.2%).
Earnings and Revenue History
CNB Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CNB Financial Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CCNE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 129.23 37.27 64.85
2019-03-31 124.96 35.94 63.39
2018-12-31 119.57 33.57 61.68
2018-09-30 113.78 28.10 59.79
2018-06-30 109.75 26.11 56.82
2018-03-31 106.63 24.35 55.24
2017-12-31 105.37 23.73 54.49
2017-09-30 103.57 25.30 54.46
2017-06-30 101.67 24.47 53.68
2017-03-31 99.27 21.86 51.95
2016-12-31 94.83 20.41 49.86
2016-09-30 94.28 20.88 48.00
2016-06-30 91.07 20.00 46.65
2016-03-31 90.02 21.53 46.06
2015-12-31 89.24 22.08 44.81
2015-09-30 89.52 23.32 43.62
2015-06-30 87.85 23.35 42.37
2015-03-31 85.35 23.37 41.00
2014-12-31 87.24 22.98 41.34
2014-09-30 80.80 20.97 40.22
2014-06-30 76.96 20.13 38.12
2014-03-31 70.41 17.47 36.34
2013-12-31 65.53 16.61 33.73
2013-09-30 60.70 15.77 31.49
2013-06-30 59.21 15.64 30.92
2013-03-31 60.10 17.02 29.89
2012-12-31 59.49 17.07 29.13
2012-09-30 59.08 17.06 32.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CNB Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CNB Financial used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if CNB Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess CNB Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CNB Financial has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CCNE Health

 How is CNB Financial's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of CNB Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CNB Financial Company Filings, last reported 2 weeks ago.

NasdaqGS:CCNE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 286.62 328.40
2019-03-31 274.96 311.85 63.48
2018-12-31 262.83 316.42 53.58
2018-09-30 254.38 322.85 44.82
2018-06-30 249.89 328.32 47.88
2018-03-31 244.81 427.25 33.86
2017-12-31 243.91 328.29 41.19
2017-09-30 244.45 413.25 39.74
2017-06-30 240.29 334.11 39.04
2017-03-31 234.22 300.22 34.06
2016-12-31 211.78 308.29 32.80
2016-09-30 215.49 276.42 42.31
2016-06-30 210.94 207.00 29.01
2016-03-31 208.16 177.55 29.13
2015-12-31 201.91 242.00 30.39
2015-09-30 199.85 187.56 32.13
2015-06-30 192.74 173.14 35.39
2015-03-31 195.88 97.25 56.36
2014-12-31 188.55 133.26 32.61
2014-09-30 181.62 105.43 34.06
2014-06-30 177.19 107.32 39.01
2014-03-31 172.28 112.85 38.16
2013-12-31 164.91 109.69 33.99
2013-09-30 130.77 144.84 37.49
2013-06-30 130.98 122.35 29.80
2013-03-31 146.11 97.40 43.83
2012-12-31 145.36 120.17 36.52
2012-09-30 143.69 96.80 36.79
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • CNB Financial has an acceptable proportion of non-loan assets held.
  • CNB Financial's liabilities are made up of primarily low risk sources of funding.
  • Loans at CNB Financial are broadly funded by customer deposits.
  • CNB Financial's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • CNB Financial has a sufficient allowance for bad loans.
  • CNB Financial has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess CNB Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CNB Financial has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CCNE Dividends

 What is CNB Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.56%
Current annual income from CNB Financial dividends. Estimated to be 2.56% next year.
If you bought $2,000 of CNB Financial shares you are expected to receive $51 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CNB Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • CNB Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CCNE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CCNE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.68 1.00
2019-12-31 0.68 1.00
NasdaqGS:CCNE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-16 0.680 2.553
2019-02-12 0.680 2.513
2018-11-13 0.680 2.739
2018-08-14 0.680 2.371
2018-05-08 0.660 2.139
2018-02-13 0.660 2.293
2017-11-14 0.660 2.394
2017-08-08 0.660 2.505
2017-08-04 0.660 2.583
2017-07-19 0.660 2.560
2017-02-14 0.660 2.781
2016-11-08 0.660 2.644
2016-08-09 0.660 3.293
2016-05-17 0.660 3.659
2016-05-05 0.660 3.732
2016-04-18 0.660 3.697
2015-11-10 0.660 3.711
2015-08-11 0.660 3.684
2015-05-12 0.660 3.716
2015-02-10 0.660 3.843
2014-11-12 0.660 3.684
2014-08-12 0.660 3.913
2014-05-16 0.660 3.958
2014-02-11 0.660 3.750
2013-11-12 0.660 3.574
2013-08-13 0.660 3.719
2013-05-14 0.660 3.869
2013-02-12 0.660 3.953
2012-11-13 0.660 3.996
2012-08-14 0.660 3.889
2012-05-08 0.660 4.202
2012-02-14 0.660 4.113
2011-11-09 0.660 4.247
2011-08-09 0.660 4.952
2011-05-10 0.660 4.916
2011-02-08 0.660 4.773
2010-11-09 0.660 4.502
2010-08-10 0.660 4.937
2010-05-11 0.660 5.459
2010-02-09 0.660 4.120
2009-11-10 0.660 4.218
2009-08-11 0.660 3.984
2009-05-12 0.660 4.577
2009-02-11 0.660 6.504
2008-11-12 0.660 6.059
2008-08-13 0.640 5.211

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of CNB Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess CNB Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CNB Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CNB Financial has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CCNE Management

 What is the CEO of CNB Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joe Bower
COMPENSATION $1,602,513
AGE 55
TENURE AS CEO 9.5 years
CEO Bio

Mr. Joseph B. Bower, Jr. also known as Joe, has been the Chief Executive Officer of CNB Financial Corporation since January 1, 2010 and has been its Director since April 19, 2005. Mr. Bower serves as the Chief Executive Officer and President of CNB Bank (the “Bank”). He joined as Chief Financial Officer of Bank and Treasurer of CNB Financial Corporation (the “Corporation”). In 2003, Mr. Bower was promoted to Executive Vice President and Chief Operating Officer of the Bank and Secretary of the Corporation. He served as the Chief Financial Officer at Mifflinburg Bank & Trust Company. He also served a period of time with the Mifflinburg Bank as internal auditor and controller. He was chairman of the PA Bankers Association where he still sits on the board and is chair of the personnel committee and a member of the executive committee. He also is on the American Bankers Association political action committee. He serves as Chairperson at Holiday Financial Services Corporation. Mr. Bower has been Member of Community Depository Institutions Advisory Council at FRB of Philadelphia since December 19, 2017. Prior to his career in banking, he worked as a CPA for the predecessor of Baker Tilley in Williamsport, PA. He graduated from Montgomery Area High School in 1981. After graduation, he enlisted in the army where he served for two and a half years before he received an ROTC scholarship to become an officer. Mr. Bower later graduated magna cum laude from Lycoming College with a B.A. in accounting and from the U.S. Army Ordinance School Officer Basic Course.

CEO Compensation
  • Joe's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Joe's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the CNB Financial management team in years:

4.8
Average Tenure
60
Average Age
  • The tenure for the CNB Financial management team is about average.
Management Team

Joe Bower

TITLE
President
COMPENSATION
$2M
AGE
55
TENURE
9.5 yrs

Rich Greslick

TITLE
Senior Executive VP
COMPENSATION
$613K
AGE
42
TENURE
6.6 yrs

Mark Breakey

TITLE
Senior EVP & Chief Risk Officer
COMPENSATION
$619K
AGE
60

Joe Dell

TITLE
Senior EVP & Chief Commercial Banking Officer
COMPENSATION
$493K
AGE
62
TENURE
5.6 yrs

Tito Lima

TITLE
Executive VP & CFO
AGE
54

Helen Kolar

TITLE
Vice President
AGE
68

Leanne Kassab

TITLE
Executive Vice President of Customer Experience
TENURE
3.9 yrs

Vince Turiano

TITLE
Assistant Secretary & Executive VP of Operations
COMPENSATION
$171K
AGE
68

Steve Shilling

TITLE
Executive Vice President of Private Client Solutions
TENURE
2.1 yrs

Cory Johnston

TITLE
VP & Controller
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the CNB Financial board of directors in years:

8.2
Average Tenure
57
Average Age
  • The tenure for the CNB Financial board of directors is about average.
Board of Directors

Peter Smith

TITLE
Chairman of the Board
COMPENSATION
$125K
AGE
64
TENURE
2.5 yrs

Joe Bower

TITLE
President
COMPENSATION
$2M
AGE
55
TENURE
14.3 yrs

Rich Greslick

TITLE
Senior Executive VP
COMPENSATION
$613K
AGE
42
TENURE
7.7 yrs

Jeffrey Powell

TITLE
Independent Director
COMPENSATION
$82K
AGE
54
TENURE
24.6 yrs

Richard Seager

TITLE
Independent Director
COMPENSATION
$82K
AGE
61
TENURE
8.6 yrs

Deborah Pontzer

TITLE
Independent Director
COMPENSATION
$79K
AGE
59
TENURE
16.1 yrs

Robert Montler

TITLE
Independent Director
COMPENSATION
$78K
AGE
67
TENURE
14.1 yrs

Joel Peterson

TITLE
Independent Director
COMPENSATION
$80K
AGE
60
TENURE
7.8 yrs

Nick Scott

TITLE
Independent Director
COMPENSATION
$75K
AGE
46
TENURE
6.2 yrs

Peter Varischetti

TITLE
Independent Director
COMPENSATION
$74K
AGE
49
TENURE
4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by CNB Financial individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Jun 19 Buy Nicholas Scott Individual 14. Jun 19 14. Jun 19 50 $26.72 $1,345
21. Mar 19 Buy Nicholas Scott Individual 20. Mar 19 20. Mar 19 51 $26.55 $1,345
26. Dec 18 Buy Francis Straub Individual 21. Dec 18 21. Dec 18 4,000 $22.50 $90,000
17. Dec 18 Buy Nicholas Scott Individual 17. Dec 18 17. Dec 18 55 $24.62 $1,344
26. Nov 18 Buy Francis Straub Individual 26. Nov 18 26. Nov 18 4,000 $26.00 $104,000
20. Sep 18 Buy Joseph Bower Individual 20. Sep 18 20. Sep 18 135 $29.65 $4,003
18. Sep 18 Buy Nicholas Scott Individual 18. Sep 18 18. Sep 18 44 $30.67 $1,346
X
Management checks
We assess CNB Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CNB Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CCNE News

Simply Wall St News

How Much Are CNB Financial Corporation (NASDAQ:CCNE) Insiders Spending On Buying Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in CNB Financial Corporation (NASDAQ:CCNE). … View our latest analysis for CNB Financial The Last 12 Months Of Insider Transactions At CNB Financial In the last twelve months, the biggest single purchase by an insider was when Francis Straub bought US$104k worth of shares at a price of US$26.00 per share. … While CNB Financial insiders bought shares last year, they didn't sell.

Simply Wall St -

Here's Why I Think CNB Financial (NASDAQ:CCNE) Might Deserve Your Attention Today

See our latest analysis for CNB Financial CNB Financial's Earnings Per Share Are Growing. … There are plenty of other companies that have insiders buying up shares. … So if you like the sound of CNB Financial, you'll probably love this free list of growing companies that insiders are buying.

Simply Wall St -

Does The CNB Financial Corporation (NASDAQ:CCNE) Share Price Fall With The Market?

If you're interested in CNB Financial Corporation (NASDAQ:CCNE), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Shareholders Are Loving CNB Financial Corporation's (NASDAQ:CCNE) 2.4% Yield

Dividend paying stocks like CNB Financial Corporation (NASDAQ:CCNE) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. … When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable.

Simply Wall St -

What Type Of Shareholder Owns CNB Financial Corporation's (NASDAQ:CCNE)?

The big shareholder groups in CNB Financial Corporation (NASDAQ:CCNE) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … CNB Financial is not a large company by global standards.

Simply Wall St -

Three Understated Metrics For CNB Financial Corporation (NASDAQ:CCNE) You Should Know

As a small-cap finance stock with a market capitalisation of US$401m, the risk and profitability of CNB Financial Corporation (NASDAQ:CCNE) are largely tied to the underlying economic growth of the region it operates in US. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels. … Today we will be measuring CNB Financial’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

Should You Take Comfort From Insider Transactions At CNB Financial Corporation (NASDAQ:CCNE)?

In the last twelve months, the biggest single purchase by an insider was when Francis Straub bought US$104k worth of shares at a price of US$26.00 per share. … But insiders sold 1.00 shares worth US$28.7. … In total, CNB Financial insiders bought more than they sold over the last year

Simply Wall St -

Have You Considered These Key Risks For CNB Financial Corporation (NASDAQ:CCNE)?

Its profit and value are directly impacted by its borrowers’ ability to pay which is driven by the level of economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting CNB Financial’s bottom line. … Today we will analyse CNB Financial’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.

Simply Wall St -

Does CNB Financial Corporation's (NASDAQ:CCNE) CEO Pay Reflect Performance?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Joe Bower's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that CNB Financial Corporation has a market cap of US$425m, and is paying total annual CEO compensation of US$1.3m.

Simply Wall St -

Does CNB Financial Corporation (NASDAQ:CCNE) Have A Good P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … CNB Financial has a price to earnings ratio of 12.17, based on the last twelve months. … How Do I Calculate A Price To Earnings Ratio

Simply Wall St -

CCNE Company Info

Description

CNB Financial Corporation operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts; and offers real estate, commercial, industrial, residential, and consumer loans, as well as various other specialized financial services. It also provides trust and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans, as well as a range of wealth management services. In addition, the company invests in debt and equity securities; sells nonproprietary annuities and other insurance products; and small balance unsecured loans and secured loans primarily collateralized by automobiles and equipment. As of February 12, 2019, the company operated a private banking division; and 42 full-service offices in Pennsylvania, Ohio, and New York. CNB Financial Corporation was founded in 1865 and is headquartered in Clearfield, Pennsylvania.

Details
Name: CNB Financial Corporation
CCNE
Exchange: NasdaqGS
Founded: 1865
$402,806,033
15,171,602
Website: http://www.cnbbank.bank
Address: CNB Financial Corporation
1 South Second Street,
PO Box 42,
Clearfield,
Pennsylvania, 16830,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CCNE Common Stock Nasdaq Global Select US USD 19. Oct 1990
Number of employees
Current staff
Staff numbers
531
CNB Financial employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 23:34
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/07
Last earnings filing: 2019/07/19
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.