CNB Financial Corp. Reports Strong Fourth Quarter Earnings
CLEARFIELD, Pa. - CNB Financial Corp. (CCNE) today announced its fourth-quarter financial results, reporting a net income of $15.1 million, or 66 cents per diluted share.
Key Highlights:
* Revenue of $94 million, exceeding analyst estimates
* Revenue net of interest expense of $60 million
* Full-year net income of $54.6 million, or $2.39 per diluted share
* Full-year revenue of $229 million
Stock Performance:
* CNB shares have risen over 2% year-to-date
* Shares closed at $25.42 on Tuesday, a 13% increase from 12 months prior