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CLEARFIELD, Pa. - CNB Financial Corporation (NASDAQ:CCNE) announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.18 per share of common stock.
The dividend will be payable on September 12, 2025, to shareholders of record as of August 29, 2025, according to a company press release.
CNB Financial Corporation operates as a financial holding company with consolidated assets exceeding $8.0 billion and a market capitalization of approximately $701 million. Trading at a P/E ratio of 10, and showing revenue growth of 4.8% in the last twelve months, the company appears fairly valued according to InvestingPro analysis. The company conducts business primarily through its principal subsidiary, CNB Bank, which offers full-service banking activities and services including trust and wealth management for individual, business, governmental, and institutional customers.
CNB Bank maintains 78 offices across four states, including 75 full-service branches in Pennsylvania, Ohio, New York, and Virginia. The bank operates under multiple regional brands including ERIEBANK in Northwest Pennsylvania and Northeast Ohio, FCBank in Central Ohio, BankOnBuffalo in Western New York, Ridge View Bank in Southwest Virginia, ESSA Bank in Northeast Pennsylvania, and Impressia Bank, a division focused on banking opportunities for women.
The company is headquartered in Clearfield, Pennsylvania, with CNB Bank serving as the multi-brand parent to its various divisions.
In other recent news, CNB Financial Corporation has reported second-quarter earnings that exceeded analyst expectations. The bank posted adjusted earnings of $0.63 per share, surpassing the analyst estimate of $0.60. Revenue for the quarter reached $61.2 million, which was higher than the consensus estimate of $59.55 million. Keefe, Bruyette & Woods responded to these strong results by raising their price target for CNB Financial to $29.00 from $26.00, while maintaining a Market Perform rating. The firm’s decision was influenced by CNB Financial’s robust loan growth and favorable repricing actions.
Additionally, CNB Financial has completed its merger with ESSA Bancorp, expanding its presence into Northeastern Pennsylvania, including the Lehigh Valley region. As part of this merger, ESSA Bank & Trust has merged with CNB Bank and will operate as ESSA Bank, a division of CNB Bank. This expansion adds 20 community offices to CNB Bank’s network. These developments reflect CNB Financial’s strategic growth initiatives and its continued focus on strengthening its market position.
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