AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income available to common shareholders more than doubled to $27.2M ($0.91 diluted EPS) from $12.9M ($0.61) a year ago, as net interest income rose 46% YoY to $76.3M on the ESSA acquisition and legacy loan growth.
Biggest Revenue Drivers
Net interest income$76.3M+46% YoY
Increase due to the impact of the acquisition of ESSA and growth in the Corporation's legacy loan portfolio
Non-interest income$11.3M+25% YoY
Increase primarily driven by wealth and asset management fees, card processing and interchange income, and higher service charges on deposits
Biggest Revenue Drivers
Total revenue: $87.6M+43% YoY
Net interest income$76.3M+46% YoY
Increase due to the impact of the acquisition of ESSA and growth in the Corporation's legacy loan portfolio
Non-interest income$11.3M+25% YoY
Increase primarily driven by wealth and asset management fees, card processing and interchange income, and higher service charges on deposits
Within Non-interest income
Wealth and asset management fees$2.7M+29% YoY
Card processing and interchange income$2.8M+23% YoY
Largest Expense Items
Compensation and benefits$22.7M+17% YoY
Higher personnel costs associated with the ESSA acquisition
Technology expense$7.2M+32% YoY
Software licensing expenses and higher core system volume-based fees tied to the ESSA acquisition
Other non-interest expenses$7.7M+44% YoY
Other operating costs associated with the ESSA acquisition
Net occupancy expense$5.1M+26% YoY
Occupancy and facilities costs associated with the ESSA acquisition
Margins: Net interest margin (fully tax-equivalent) rose to 3.89% from 3.59% a year ago, aided by $4.8M of purchase accounting loan accretion (ex-accretion NIM was 3.65%); the efficiency ratio improved to 57.86% from 64.73% as revenue growth outpaced expense growth.
Watch Items from the Filing
Nonaccrual loans rose to $54.8M (0.84% of total loans) from $39.8M (0.61%) at December 31, 2025, driven primarily by two commercial relationships.
Estimated uninsured deposits were approximately $2.1 billion, or 28.83% of total Bank deposits (about 18.73% adjusted for affiliate and pledged-collateral deposits).
Organic loans (excluding syndicated) decreased $2.9 million year-to-date due to elevated CRE prepayments, including $71.4M of ESSA-acquired CRE payoffs and a $40.0M BankOnBuffalo office loan payoff.
Syndicated loan portfolio grew to $93.9M (1.44% of total loans) from $70.8M (1.09%) at December 31, 2025.
Corporation redeemed $50.0M of subordinated notes in June 2026, reducing the Total risk-based capital ratio to 14.53% from 14.78% at year-end 2025.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Dixon Gregory MEVP/Chief Credit OfficerGrant or award · Feb 23, 2026
About CNB FINANCIAL CORP/PA (CCNE): stock profile, AI score and financials
CNB FINANCIAL CORP/PA (CCNE) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores CCNE at 66.1/100 on a composite quality score built from its SEC filings, placing it at rank #434 of 2,925 stocks — the top 25% of the AI-ranked universe. CCNE scores in the top quartile across profitability (91.2), revenue growth (83.7), free cash flow (79.9). Areas of concern include earnings quality (26.9) and revenue scale (31.2), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), CNB FINANCIAL CORP/PA reports quarterly revenue of $87.6M, net income of $28.3M, an operating margin of 40.1%. Top institutional holders of CCNE by reported 13-F value include WELLINGTON MANAGEMENT GROUP LLP, BlackRock, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. CCNE trades on the Nasdaq exchange and files with the SEC under CIK 736772. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CCNE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for CNB FINANCIAL CORP/PA directly from SEC EDGAR.