Overview

* CNB Financial Q2 net income rises to $12.9 mln, $0.61 EPS, up from Q1 2025

* Excluding merger costs, Q2 earnings were $13.2 mln, up 11.31% from Q1

* Total nonperforming assets fell to $30.4 mln, driven by resolution of NPAs

Outlook

* Company expects opportunities for further cost-of-fund interest reductions in Q3

* CNB Financial ( CCNE ) anticipates continued commercial loan growth in Q3

* Company plans to integrate ESSA Bancorp by July 23

Result Drivers

* NET INTEREST INCOME - Increased due to changes in earning asset mix and yield curve, boosting net interest margin

* LOAN GROWTH - Driven by expansion in ERIEBANK, Ridge View Bank, BankOnBuffalo, and CNB Bank's Private Banking division

* NONPERFORMING ASSETS - Decreased significantly due to resolution of approximately $24.1 million in NPAs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $21.60

Adjusted mln

Revenue

Q2 EPS $0.61

Q2 Net $13.96

Income mln

Q2 Net $52.20

Interest mln

Income

Q2 $4.34

Credit mln

Loss

Provisio

n

Q2 $17.25

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for CNB Financial Corp ( CCNE ) is $26.50, about 10.4% above its July 21 closing price of $23.74

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)