CNB Financial Corporation (CCNE) financial statements (2023 and earlier)

Company profile

Business Address 1 SOUTH SECOND STREET
CLEARFIELD, PA 16830
State of Incorp. PA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments73253319346423432
Cash and cash equivalents73253319346352927
Short-term investments    755
Total current assets:73253319346423432
Noncurrent Assets
Finance lease, right-of-use asset001
Operating lease, right-of-use asset201818
Property, plant and equipment62605550515039
Intangible assets, net (including goodwill)44443939393927
Goodwill44443939393927
Intangible assets, net (excluding goodwill)01     
Total noncurrent assets:12612311389898867
Other undisclosed assets4,4714,0733,4583,0872,6372,4522,187
TOTAL ASSETS:5,3294,7293,7643,2222,7692,5742,285
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    34134116
Total current liabilities:    34134116
Noncurrent Liabilities
Long-term debt and lease obligation84      
Long-term debt, excluding current maturities84      
Total noncurrent liabilities:84      
Other undisclosed liabilities4,8024,3133,4592,9592,4902,2281,967
Total liabilities:4,8864,3133,4592,9592,5252,3622,083
Stockholders' equity
Stockholders' equity attributable to parent443416305263244212202
Preferred stock5858     
Treasury stock, value(2)(3)(3)(3)(1)(0)(1)
Additional paid in capital1271289998977878
Accumulated other comprehensive income (loss)(0)157(4)(0)(0)2
Retained earnings261219202172148134123
Total stockholders' equity:443416305263244212202
TOTAL LIABILITIES AND EQUITY:5,3294,7293,7643,2222,7692,5742,285

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues172169156132122106100
Net investment income1711671561321099487
Cost of revenue(6)(15)(6)(6)(7)(4)(3)
Provision for loan, lease, and other losses(6)(15)(6)(6)
Financial services costs(7)(4)(3)
Gross profit:16615415012611510298
Operating expenses(30)(23)(21)(17)(41)(38)(35)
Other operating income, net
(Noninterest Income, Other Operating Income)
3222   
Operating income:138132131110746463
Nonoperating income3211321
Investment income, nonoperating    11(0)
Bank owned life insurance income3211211
Interest and debt expense(20)(32)(40)(27)(17)(13)(12)
Income from continuing operations before equity method investments, income taxes:1211019285595352
Other undisclosed loss from continuing operations before income taxes(50)(61)(44)(45)(23)(25)(21)
Income from continuing operations before income taxes:71404940362830
Income tax expense(13)(7)(9)(7)(12)(7)(8)
Net income attributable to parent:58334034242122
Other undisclosed net loss available to common stockholders, basic(4)(1)(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:53324034242022
Other undisclosed net loss available to common stockholders, diluted(0)(0)     
Net income available to common stockholders, diluted:53314034242022

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:58334034242122
Other comprehensive income0010011
Comprehensive income:58334134242223
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(16)810(4)(0)(3)0
Comprehensive income, net of tax, attributable to parent:42415130241923

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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