Cnb Financial (CCNE) AI Stock Analysis

• Market Cap: $512.11M
• Dividend Yield: 2.95%
• Average Volume (3M): 63.76K
• Price to Earnings (P/E): 10.5
• Beta (1Y): 0.99
• Revenue Growth: 8.67%
• EPS Growth: -1.65%
• Country: US
• Employees: 769
• Sector: Financial
• Sector Strength: 82
• Industry: Banks - Regional
• EPS (TTM): 0.57
• Shares Outstanding: 20,979,343
• 10 Day Avg. Volume: 78,572
• 30 Day Avg. Volume: 63,763
• PEG Ratio: -4.11
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.34
• Enterprise Value/Market Cap: 0.16
• Enterprise Value/Revenue: 0.06
• Enterprise Value/Gross Profit: 0.39
• Enterprise Value/Ebitda: 0.28
• 1Y Price Target: $25.75
• Price Target Upside: 5.49% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 77 Outperform
• Price Target: $27.00 ▲(10.61%Upside)

Cnb Financial's strong financial performance and recent positive corporate events, including a strategic merger and share buyback, drive its overall score. Favorable technical analysis and valuation metrics further support the stock's potential attractiveness. However, caution is advised due to some financial volatility and overbought technical indicators.

Positive Factors

Earnings

Expected EPS accretion of 35% is very solid, and it is believed to be achievable.

Growth Strategy

The company is expected to be on the hunt for growth, both organically and through deals, highlighted by the ESSA deal which is anticipated to increase total assets to $8.5 billion.

Valuation

The shares are considered undervalued at approximately 85% of P/TBV, indicating a compelling value at current levels despite a strong ROA/ROTCE outlook and solid credit quality history.

Negative Factors

Market Reaction

CCNE shares traded down 3.6% following the announcement of the ESSA acquisition, just slightly underperforming KRX peers as TBV dilution (15%) and earnback (3.3 years) are modestly higher than investors generally prefer.

Cnb Financial Business Overview & Revenue Model

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 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 wealth 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 8, 2022, the company operated a private banking division; three loan production office; one drive-up office; and 45 full-service offices in Pennsylvania, Ohio, New York, and Virginia. CNB Financial Corporation was founded in 1865 and is headquartered in Clearfield, Pennsylvania.

How the Company Makes Money

CNB Financial Corporation makes money primarily through the net interest income generated from its traditional banking operations. This includes earning interest on loans and other financial assets, while paying interest on deposits and borrowings. The company also generates revenue from non-interest income sources such as fees and service charges related to deposit accounts, loan servicing, and debit card transactions. Wealth management and investment services contribute additional revenue through fees for advisory and asset management services. CNB Financial's earnings are further supported by strategic partnerships and investment activities that enhance its product offerings and expand its market presence.

Cnb Financial Financial Statement Overview

Summary

Cnb Financial exhibits strong revenue growth and efficient operations, with a healthy equity base and no debt. However, the decrease in net income and return on equity indicates areas for improvement in profitability and shareholder returns.

Income Statement

Cnb Financial has demonstrated strong growth in revenue over the years, with a significant increase from 2023 to 2024. The gross profit margin remains high as expected in the banking industry. The EBIT and EBITDA margins indicate efficient core operations. However, the slight decline in net income from 2023 to 2024 suggests some pressure on profitability, potentially due to increased expenses or lower interest margins.

Balance Sheet

The company's balance sheet shows a healthy equity base with zero debt in 2024, which significantly reduces financial risk. The equity ratio is stable, reflecting a strong reliance on equity financing. However, the return on equity has decreased compared to previous years, indicating room for improvement in generating returns for shareholders.

Cash Flow

Cnb Financial's operating cash flow has improved, indicating better cash generation efficiency. The free cash flow has also increased, reflecting effective cash management. The free cash flow to net income ratio is strong, demonstrating robust cash conversion. However, the substantial negative investing cash flow could indicate aggressive capital investments, which need careful monitoring.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	364.93M	360.01M	322.01M	243.70M	209.20M	192.09M
Gross Profit	215.33M	212.79M	212.15M	211.03M	183.38M	144.28M
EBITDA	74.70M	75.63M	79.57M	84.79M	77.02M	46.17M
Net Income	53.46M	54.58M	58.02M	63.19M	57.71M	32.74M
Balance Sheet
Total Assets	6.30B	6.19B	5.75B	5.48B	5.33B	4.73B
Cash, Cash Equivalents and Short-Term Investments	966.75M	846.54M	564.00M	477.69M	1.43B	1.12B
Total Debt	145.30M	145.50M	142.54M	403.10M	125.44M	90.07M
Total Liabilities	5.67B	5.58B	5.18B	4.94B	4.89B	4.31B
Stockholders Equity	624.51M	610.70M	571.25M	530.76M	442.85M	416.14M
Cash Flow
Free Cash Flow	55.08M	55.23M	36.05M	51.76M	52.44M	23.11M
Operating Cash Flow	70.65M	71.51M	47.02M	64.05M	58.92M	28.76M
Investing Cash Flow	-254.40M	-203.28M	-149.46M	-804.70M	-409.76M	-168.68M
Financing Cash Flow	402.45M	352.76M	218.20M	114.73M	550.34M	479.64M

Cnb Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 24.41
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CCNE, the sentiment is Positive. The current price of 24.41 is above the 20-day moving average (MA) of 22.44, above the 50-day MA of 22.24, and above the 200-day MA of 23.83, indicating a bullish trend. The MACD of 0.48 indicates Negative momentum. The RSI at 73.94 is Negative, neither overbought nor oversold. The STOCH value of 94.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CCNE.

Cnb Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CCNE	77 Outperform	$512.11M	10.47	8.83%	2.95%	8.67%	-1.65%
EBTC	74 Outperform	$495.83M	12.14	11.31%	2.52%	14.10%	12.00%
CBNK	74 Outperform	$588.53M	14.29	12.19%	1.13%	18.85%	6.74%
BHB	72 Outperform	$493.82M	11.32	9.67%	3.97%	6.33%	3.44%
PGC	68 Neutral	$538.82M	16.89	5.31%	0.66%	6.72%	-17.45%
Sector *	67 Neutral	$17.07B	11.91	9.69%	3.75%	11.66%	-9.47%
FISI	58 Neutral	$551.41M	8.52	-5.18%	4.52%	-23.31%	-169.87%

Cnb Financial Corporate Events

CNB Financial Gets Fed Approval for Share Buyback

On June 23, 2025, CNB Financial Corporation received approval from the Federal Reserve Bank of Philadelphia for its 2025 Common Share Repurchase Program. The program authorizes the company to repurchase up to 500,000 shares of its common stock, with a total purchase price not exceeding $15 million, from June 23, 2025, to June 10, 2026, through various market transactions.

The most recent analyst rating on (CCNE) stock is a Buy with a $26.50 price target. To see the full list of analyst forecasts on Cnb Financial stock, see the CCNE Stock Forecast page.

CNB Financial and ESSA Bancorp Merger Approved

On June 30, 2025, CNB Financial Corporation and ESSA Bancorp, Inc. announced they received the necessary regulatory approvals to proceed with their merger, expected to close on July 23, 2025. This merger aims to combine the strengths of both institutions, enhancing their service offerings and market reach while maintaining a client-focused approach, benefiting customers, employees, and shareholders.

The most recent analyst rating on (CCNE) stock is a Buy with a $26.50 price target. To see the full list of analyst forecasts on Cnb Financial stock, see the CCNE Stock Forecast page.

CNB Financial Declares Quarterly Cash Dividend

On May 13, 2025, CNB Financial Corporation’s Board of Directors declared a quarterly cash dividend of $0.18 per share of common stock, payable on June 13, 2025, to shareholders of record as of May 30, 2025. This announcement reflects CNB Financial’s ongoing commitment to providing shareholder value and indicates stable financial health, potentially enhancing its attractiveness to investors and strengthening its position in the financial services industry.

The most recent analyst rating on (CCNE) stock is a Buy with a $26.50 price target. To see the full list of analyst forecasts on Cnb Financial stock, see the CCNE Stock Forecast page.

CNB Financial Shareholders Approve Key Proposals at Annual Meeting

On April 15, 2025, CNB Financial Corporation held its Annual Meeting where shareholders approved several key proposals. These included the issuance of common stock related to a merger agreement with ESSA Bancorp, Inc., the election of three Class 2 directors, the approval of the 2025 Omnibus Incentive Plan, and a non-binding advisory resolution on executive compensation. Additionally, the appointment of Forvis Mazars, LLP as the independent registered public accounting firm for 2025 was ratified, and provisions for potential adjournments of the meeting were approved.

CNB Financial Reports Decrease in Net Income

CNB Financial Corporation reported a decrease in net income for the year ending December 31, 2024, primarily due to increased deposit costs compared to the previous year. Despite this, the company showed growth in loans and deposits, with total loans reaching $4.6 billion and total deposits at $5.4 billion by the end of 2024, reflecting increases of 3.14% and 7.45% respectively from 2023. The corporation’s Return on Average Assets and Return on Average Equity also saw declines, while the book value per common share increased by 7.20% to $26.34.