CNB Financial Q2 net income rises 11.31% excluding merger costs

Overview

• CNB Financial Q2 net income rises to $12.9 mln, $0.61 EPS, up from Q1 2025

• Excluding merger costs, Q2 earnings were $13.2 mln, up 11.31% from Q1

• Total nonperforming assets fell to $30.4 mln, driven by resolution of NPAs

Outlook

• Company expects opportunities for further cost-of-fund interest reductions in Q3

• CNB Financial anticipates continued commercial loan growth in Q3

• Company plans to integrate ESSA Bancorp by July 23

Result Drivers

• NET INTEREST INCOME - Increased due to changes in earning asset mix and yield curve, boosting net interest margin

• LOAN GROWTH - Driven by expansion in ERIEBANK, Ridge View Bank, BankOnBuffalo, and CNB Bank's Private Banking division

• NONPERFORMING ASSETS - Decreased significantly due to resolution of approximately $24.1 million in NPAs

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for CNB Financial Corp is $26.50, about 10.4% above its July 21 closing price of $23.74

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX449ZpT