A Business at a Glance
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CNB FINANCIAL CORP/PA
CCNE
$861M
Mkt Cap
$34.67
+2.21%
CNB FINANCIAL CORP/PA (CCNE) has a current P/E ratio of 18.0, compared to its historical median P/E of 9.3. The stock is currently considered Expensive based on its historical valuation range.
CNB FINANCIAL CORP/PA (CCNE) has a 5-year average return on invested capital (ROIC) of 8.9%. This is below average and may indicate limited pricing power.
CNB FINANCIAL CORP/PA (CCNE) has a market capitalization of $1.0B. It is classified as a small-cap stock.
Yes, CNB FINANCIAL CORP/PA (CCNE) pays a dividend with a trailing twelve-month yield of 1.94%.
Based on historical P/E analysis, CNB FINANCIAL CORP/PA (CCNE) appears expensive. The current P/E of 18.0 is 93% above its historical median of 9.3. The estimated fair value CAGR (P/E method) is 0.6%.
CNB FINANCIAL CORP/PA (CCNE) operates in the State Commercial Banks industry, within the Financials sector.
CNB FINANCIAL CORP/PA (CCNE) reported annual revenue of $433 million in its most recent fiscal year, based on SEC EDGAR filings.
The disclosures set forth in this item are qualified by Item 1A. Risk Factors and the section captioned "Forward-Looking Statements and Factors that Could Affect Future Results" in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of this report and other cautionary statements set forth elsewhere in this report. CNB Financial Corporation (the "Corporation") is a financial holding company registered under the Bank Holding Company Act of 1956, as amended (the "BHC Act"). It was incorporated under the laws of the Commonwealth of Pennsylvania in 1983 for the purpose of engaging in the business of a financial holding company. On April 26, 1984, the Corporation acquired all of the outstanding capital stock of County National Bank, a national banking chartered institution.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 309M | 433M | 365M | 327M | 249M | 213M |
| Net Income | 77M | 62M | 50M | 54M | 59M | 53M |
| EPS | $2.78 | $2.49 | $2.39 | $2.55 | $3.26 | $3.16 |
| Free Cash Flow | 68M | 59M | 55M | 36M | 52M | 52M |
| ROIC | 7.9% | 7.5% | 7.4% | 8.5% | 10.3% | 10.8% |
| Gross Margin | - | 63.2% | 59.6% | 66.4% | 86.9% | 87.9% |
| Debt/Equity | 0.28 | 0.29 | 0.14 | 0.15 | 0.41 | 0.19 |
| Dividends/Share | $0.67 | $0.72 | $0.71 | $0.70 | $0.70 | $0.69 |
| Operating Income | 2.4M | 3.1M | 8.0M | 4.1M | 5.2M | 2.9M |
| Operating Margin | 0.8% | 0.7% | 2.2% | 1.3% | 2.1% | 1.4% |
| ROE | 8.7% | 8.3% | 8.5% | 9.7% | 12.1% | 12.4% |
| Shares Outstanding | 30M | 25M | 21M | 21M | 18M | 17M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 103M | 104M | 112M | 130M | 153M | 182M | 195M | 213M | 249M | 327M | 365M | 433M | 309M |
| Gross Margin | 84.1% | 85.6% | 84.7% | 81.6% | 78.4% | 74.9% | 75.5% | 87.9% | 86.9% | 66.4% | 59.6% | 63.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 20M | 22M | 23M | 26M | 31M | 35M | 37M | 116M | 138M | 145M | 150M | 191M | 199M |
| EBIT | 32M | 30M | 28M | 36M | 1.7M | 2.1M | 40M | 2.9M | 5.2M | 4.1M | 8.0M | 3.1M | 2.4M |
| Op. Margin | 31.3% | 29.2% | 24.7% | 27.8% | 1.1% | 1.2% | 20.5% | 1.4% | 2.1% | 1.3% | 2.2% | 0.7% | 0.8% |
| Net Income | 23M | 22M | 20M | 24M | 34M | 40M | 32M | 53M | 59M | 54M | 50M | 62M | 77M |
| Net Margin | 22.2% | 21.2% | 18.2% | 18.2% | 22.1% | 22.1% | 16.2% | 25.1% | 23.7% | 16.4% | 13.8% | 14.3% | 25.1% |
| Non-Recurring | -32K | -7K | -134K | 107K | -47K | 377K | -1.1M | -230K | 170K | -27K | -53K | 160K | 160K |
| Returns on Capital | |||||||||||||
| ROIC | 7.7% | 5.8% | 4.2% | 4.3% | 5.9% | 6.8% | 5.9% | 10.8% | 10.3% | 8.5% | 7.4% | 7.5% | 7.9% |
| ROE | 13.0% | 11.3% | 9.9% | 10.4% | 13.3% | 14.1% | 8.8% | 12.4% | 12.1% | 9.7% | 8.5% | 8.3% | 8.7% |
| ROA | 1.1% | 1.0% | 0.8% | 0.9% | 1.1% | 1.1% | 0.7% | 1.1% | 1.1% | 1.0% | 0.8% | 0.8% | 0.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 29M | 34M | 27M | 31M | 45M | 52M | 29M | 59M | 64M | 47M | 72M | 65M | 73M |
| Free Cash Flow | 22M | 27M | 17M | 26M | 42M | 43M | 23M | 52M | 52M | 36M | 55M | 59M | 68M |
| Owner Earnings | 24M | 29M | 21M | 25M | 38M | 45M | 21M | 51M | 56M | 38M | 61M | 51M | 57M |
| CapEx | 6.4M | 6.8M | 10M | 5.2M | 3.1M | 9.0M | 5.6M | 6.5M | 12M | 11M | 16M | 6.3M | 5.0M |
| Maint. CapEx | 4.1M | 4.0M | 4.5M | 5.2M | 4.8M | 6.0M | 6.1M | 6.2M | 6.6M | 7.7M | 8.3M | 11M | 12M |
| Growth CapEx | 2.3M | 2.7M | 5.6M | 0 | 0 | 3.1M | 0 | 243K | 5.7M | 3.1M | 8.0M | 0 | 0 |
| D&A | 4.1M | 4.0M | 4.5M | 5.2M | 4.8M | 6.0M | 6.1M | 6.2M | 6.6M | 7.7M | 8.3M | 11M | 12M |
| CapEx/OCF | 22.2% | 20.1% | 37.8% | 17.0% | 7.0% | 17.4% | 19.6% | 11.0% | 19.2% | 23.1% | 22.8% | N/A | 6.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 9.5M | 9.5M | 9.5M | 10M | 10M | 10M | 11M | 12M | 13M | 15M | 15M | 18M | 20M |
| Dividend Yield | 5.5% | 5.1% | 4.5% | 3.4% | 2.9% | 3.0% | 4.1% | 3.2% | 3.0% | 3.8% | 3.3% | N/A | 1.9% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 548K | 621K | 820K | 928K | 1.5M | 1.3M | 1.4M | 1.4M | 1.2M | 1.7M | 2.2M | 2.7M | 3.0M |
| Debt Repayment | 235K | 21M | 81M | 70M | 28M | 48M | 460M | 50M | 0 | 0 | 0 | 273M | 273M |
| Balance Sheet | |||||||||||||
| Net Debt | -544M | -215M | -112M | -83M | -247M | -437M | -1.1B | -1.3B | 110M | -138M | -358M | -508M | -354M |
| Cash & Equiv. | 28M | 27M | 29M | 35M | 46M | 193M | 533M | 732M | 106M | 222M | 443M | 528M | 602M |
| Long-Term Debt | 132M | 241M | 308M | 328M | 316M | 299M | 50M | 84M | 84M | 84M | 85M | 85M | 85M |
| Debt/Equity | 0.89 | 1.77 | 1.94 | 1.49 | 1.20 | 0.98 | 0.12 | 0.19 | 0.41 | 0.15 | 0.14 | 0.29 | 0.28 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.5 |
| Equity | 189M | 202M | 212M | 244M | 263M | 305M | 416M | 443M | 531M | 571M | 611M | 872M | 889M |
| Total Assets | 2.2B | 2.3B | 2.6B | 2.8B | 3.2B | 3.8B | 4.7B | 5.3B | 5.5B | 5.8B | 6.2B | 8.4B | 8.5B |
| Total Liabilities | 2.0B | 2.1B | 2.4B | 2.5B | 3.0B | 3.5B | 4.3B | 4.9B | 4.9B | 5.2B | 5.6B | 7.5B | 7.6B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | 567K | 460K | 364K | 280K | 206K | 34M | 112K |
| Retained Earnings | 111M | 123M | 134M | 148M | 172M | 202M | 219M | 261M | 307M | 346M | 381M | 425M | 445M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.60 | 1.54 | 1.42 | 1.57 | 2.21 | 2.63 | 1.97 | 3.16 | 3.26 | 2.55 | 2.39 | 2.49 | 2.78 |
| Owner EPS | 1.69 | 2.02 | 1.49 | 1.63 | 2.52 | 2.94 | 1.33 | 3.03 | 3.11 | 1.78 | 2.90 | 2.07 | 1.92 |
| Book Value | 13.13 | 14.08 | 14.73 | 16.14 | 17.23 | 20.01 | 25.95 | 26.20 | 29.38 | 27.12 | 29.03 | 35.12 | 29.87 |
| Cash Flow/Share | 2.01 | 2.35 | 1.86 | 2.04 | 2.94 | 3.41 | 1.79 | 3.49 | 3.55 | 2.23 | 3.40 | 2.62 | 3.02 |
| Dividends/Share | 0.66 | 0.66 | 0.66 | 0.66 | 0.67 | 0.68 | 0.68 | 0.69 | 0.70 | 0.70 | 0.71 | 0.72 | 0.67 |
| Shares Out. | 14.4M | 14.3M | 14.4M | 15.1M | 15.3M | 15.2M | 16.0M | 16.9M | 18.1M | 21.1M | 21.0M | 24.8M | 29.8M |
| Valuation | |||||||||||||
| P/E Ratio | 8.4 | 8.7 | 15.0 | 13.3 | 8.4 | 10.3 | 9.3 | 7.5 | 6.6 | 8.5 | 10.1 | N/A | 12.5 |
| P/FCF | 8.6 | 7.2 | 18.4 | 12.4 | 6.8 | 9.6 | 12.7 | 7.7 | 7.5 | 12.6 | 9.2 | N/A | 15.3 |
| EV/EBIT | 4.5 | 6.6 | 9.4 | 5.9 | N/A | N/A | -2.6 | -84.8 | 95.8 | 77.7 | 18.7 | N/A | 283.9 |
| Price/Book | 1.0 | 1.0 | 1.5 | 1.3 | 1.1 | 1.4 | 0.7 | 0.9 | 0.7 | 0.8 | 0.8 | N/A | 1.2 |
| Price/Sales | 2.0 | 2.0 | 2.1 | 2.7 | 2.8 | 2.5 | 1.6 | 1.9 | 1.8 | 1.7 | 2.0 | N/A | 3.3 |
| FCF Yield | 11.6% | 13.9% | 5.4% | 8.0% | 14.8% | 10.4% | 7.9% | 13.0% | 13.3% | 7.9% | 10.9% | N/A | 6.6% |
| Market Cap | 194M | 194M | 308M | 318M | 283M | 415M | 294M | 402M | 390M | 457M | 509M | 0 | 1.0B |
| Avg. Price | 12.15 | 12.94 | 14.68 | 19.78 | 22.97 | 22.86 | 16.66 | 21.33 | 22.86 | 18.32 | 21.43 | 0.00 | 34.67 |
| Year-End Price | 13.45 | 13.43 | 21.29 | 20.91 | 18.52 | 27.20 | 18.35 | 23.78 | 21.61 | 21.71 | 24.18 | 0.00 | 34.67 |
CNB FINANCIAL CORP/PA passes 3 of 9 quality checks, indicating weak fundamentals.
CNB FINANCIAL CORP/PA trades at 18.0x trailing earnings, compared to its 15-year median P/E of 9.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 19.8x vs a median of 9.6x. The company's 5-year average ROIC is 8.9% with a gross margin of 72.8%. Total shareholder yield (dividends) is 1.9%. At current prices, the estimated annualized return to fair value is -1.5%.
CNB FINANCIAL CORP/PA (CCNE) has a net profit margin of 14.3%. This is a healthy margin.
CNB FINANCIAL CORP/PA (CCNE) generated $59 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CNB FINANCIAL CORP/PA (CCNE) has a debt-to-equity ratio of 0.29. This indicates a conservatively financed balance sheet.
CNB FINANCIAL CORP/PA (CCNE) reported earnings per share (EPS) of $2.49 in its most recent fiscal year.
CNB FINANCIAL CORP/PA (CCNE) has a return on equity (ROE) of 8.3%. This indicates moderate shareholder returns.
CNB FINANCIAL CORP/PA (CCNE) has a 5-year average gross margin of 72.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for CNB FINANCIAL CORP/PA (CCNE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CNB FINANCIAL CORP/PA (CCNE) has a book value per share of $35.12, based on its most recent annual SEC filing.
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