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CNB: Q1 Earnings Snapshot

CNB: Q1 Earnings Snapshot

By AP News
Published - Apr 15, 2024, 04:15 PM ET
Last Updated - Apr 15, 2024, 04:15 PM EDT

CLEARFIELD, Pa. (AP) — CLEARFIELD, Pa. (AP) — CNB Financial Corp. (CCNE) on Monday reported first-quarter profit of $12.6 million.

The Clearfield, Pennsylvania-based bank said it had earnings of 55 cents per share.

The bank holding company posted revenue of $86.9 million in the period. Its revenue net of interest expense was $54.2 million, which missed Street forecasts.

CNB shares have dropped 16% since the beginning of the year. In the final minutes of trading on Monday, shares hit $18.99, an increase of 2.5% in the last 12 months.

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