CNB Financial Q2 Net Income $27.2M, EPS $0.91; Organic Loans Up 1.01%
CNB Financial Corporation reported Q2 2026 net income of $27.2 million, or $0.91 per diluted share, an increase from $26.0 million ($0.88 per diluted share) in Q1 2026 and $12.9 million ($0.61 per diluted share) in Q2 2025. Organic loans grew by 1.01% (4.06% annualized), primarily driven by commercial and industrial loans. Total deposits were $7.1 billion, with organic deposits declining 0.95% due to a strategic municipal deposit exit, but increasing 0.99% excluding this impact. The company redeemed $50.0 million of subordinated notes and improved its net interest margin to 3.88%. CEO Michael Peduzzi highlighted positive developments in capital management, commercial loan growth, and the successful integration of the ESSA acquisition, despite an increase in nonperforming assets.
Key Highlights
- Net income available to common shareholders was $27.2 million for Q2 2026.
- Diluted earnings per common share were $0.91 for Q2 2026.
- Organic loans increased by $64.3 million, or 1.01% (4.06% annualized) in Q2 2026.
- Total deposits were $7.1 billion at June 30, 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 nonperforming assets increased to $58.4 million, or 0.69% of total assets.
- Book value per common share was $28.75 at June 30, 2026, up 2.46% from Q1 2026.
Price Impact
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