CNB Financial Corporation is a regional financial-services company whose principal operating subsidiary is CNB Bank. The organization traces its roots to February 5, 1865, when County National Bank of Clearfield was established in Clearfield, Pennsylvania. Today, CNB Financial operates as a publicly traded bank holding company listed on the NASDAQ ...CNB Financial Corporation is a regional financial-services company whose principal operating subsidiary is CNB Bank. The organization traces its roots to February 5, 1865, when County National Bank of Clearfield was established in Clearfield, Pennsylvania. Today, CNB Financial operates as a publicly traded bank holding company listed on the NASDAQ Global Select Market under the ticker CCNE, with headquarters at 1 South Second Street, Clearfield, Pennsylvania.
The company serves a diversified customer base that includes individuals, families, small and medium-sized businesses, commercial enterprises, government entities, and institutional clients. Its core products include checking and savings accounts, money-market deposits, certificates of deposit, and other deposit services. On the lending side, CNB Bank provides commercial real estate, residential real estate, commercial and industrial, consumer, automobile, equipment, and other secured or unsecured financing. These activities generate interest income while deposits provide a major source of funding.
CNB Financial also offers services beyond traditional lending and deposits. Its private banking, trust, and wealth-management activities support the administration of trusts, estates, retirement plans, employee-benefit programs, and other fiduciary arrangements. The company provides broader wealth-advisory capabilities and distributes non-proprietary annuities and insurance products. It also invests in debt and equity securities as part of its balance-sheet and liquidity-management activities.
The supplied company profile reports approximately 917 full-time employees, placing CNB Financial in the 501-to-1,000 employee category. The company’s distribution network includes full-service branches, loan-production offices, a drive-up facility, and private-banking operations across its four-state service area. Its regional model emphasizes relationship banking, local market knowledge, and integrated solutions for both consumers and businesses.
Based on the supplied trailing-twelve-month data, CNB Financial had a market capitalization of approximately $1.03 billion, revenue per share of $15.92, net income per share of $3.26, return on equity of 10.9%, and a net profit margin of 20.5%. Its reported price-to-earnings ratio was approximately 11.1 and its price-to-book ratio was approximately 1.12. The company reported a dividend of $0.74 per share and a dividend yield of about 2.1%, with a payout ratio near 34.2%. These figures indicate a profitable regional banking business with an emphasis on capital strength, recurring deposits, disciplined lending, shareholder distributions, and long-term community relationships. Michael D. Peduzzi serves as chief executive officer and has led CNB Bank as president and CEO since July 2022.
