Quarterly ResultJul 23, 2026, 04:17 PM
CNB Financial Q2 Earnings $27.2M, EPS $0.91; NIM 3.88%
AI Summary
CNB Financial Corporation reported net income of $27.2 million, or $0.91 per diluted share, for the second quarter of 2026, an increase from $26.0 million in the prior quarter and $12.9 million year-over-year. The company saw organic loan growth of 1.01% and an improved net interest margin of 3.88%. Additionally, CNB Financial completed a partial redemption of $50.0 million in subordinated notes, strengthening its capital structure. The company highlighted successful integration of the ESSA acquisition and continued focus on operational efficiency.
Key Highlights
- Net income available to common shareholders was $27.2 million, or $0.91 per diluted share, for Q2 2026.
- Organic loans increased by $64.3 million, or 1.01% (4.06% annualized), from Q1 2026.
- Net interest margin was 3.88% for Q2 2026, up from 3.83% in Q1 2026.
- Redeemed $50.0 million of 3.25% Fixed-to-Floating Rate Subordinated Notes.
- Total deposits were $7.1 billion; noninterest-bearing deposits increased 2.01% (8.07% annualized).
- Book value per common share increased 2.46% to $28.75 as of June 30, 2026.
- Efficiency ratio (fully tax-equivalent) improved to 56.14% in Q2 2026.
Price Impact
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