CNB Financial Corporation Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 earnings $27.0 million, or $0.91 per diluted share
- ➤Nine-month earnings $80.2 million, or $2.69 per diluted share
- ➤Organic loans rose $76.5 million, or 1.19%, during Q3
- ➤Deposits fell $32.6 million after exiting $76.1 million costly corporate deposits
- ➤Net charge-offs increased to $2.4 million, or 0.14% annualized
Expert Statements
Michael Peduzzi, President and CEO of CNB Financial Corporation and CNB Bank
“Earnings of $2.69 per diluted share for the first nine months of 2026 were a record for the Corporation versus comparable periods in any prior years, as we sustained positive operating performance in the third quarter consistent with the first half of 2026,””
CLEARFIELD, Pa., Oct. 21, 2026 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three and nine months ended September 30, 2026.
Certain comparative financial information for the prior year's three and nine month periods ended September 30, 2025 has been recast to reflect the Corporation's adoption of Accounting Standards Update 2025-08, Financial Services - Credit Losses (Topic 326): Purchased Financial Assets. The recast primarily eliminates the recognition of Day 1 provision expense associated with acquired loans and records an allowance for credit losses as of the acquisition date. The adoption had no impact on the economics or cash flows of the acquired assets but affected the timing of credit loss expense recognition. This change is not the result of an error, correction, or restatement of previously issued financial statements, but rather, it enhances comparability among periods presented in accordance with applicable financial reporting guidance. Accordingly, certain comparative amounts presented herein differ from those previously reported for these prior year periods.
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