CNB: Fourth Quarter Financial Results Overview

CNB Financial Corp. Announces Fourth Quarter Results

In Clearfield, Pennsylvania, CNB Financial Corp. (CCNE) disclosed on Tuesday that it achieved a net profit of $33.6 million for the fourth quarter.

The financial institution reported earnings of $1.10 per share during this period. After accounting for one-time items, adjusted earnings stood at 88 cents per share.

Total revenue for the quarter reached $127.6 million. Excluding interest expenses, net revenue amounted to $87.2 million, surpassing analysts’ expectations.

Looking at the full year, CNB Financial Corp. recorded a total profit of $66.1 million, translating to $2.49 per share. Annual revenue was reported at $284.9 million.

This article was produced by Automated Insights using information from Zacks Investment Research.