CNB Financial reported net income available to common shareholders of $27.2 million, or $0.91 per diluted share, for the quarter ended June 30, 2026, up from $12.9 million ($0.61) a year earlier and $26.0 million ($0.88) in the prior quarter. Total loans (excluding syndicated loans) were $6.4 billion and total deposits were $7.1 billion at quarter-end. The company noted improved net interest margin and recurring revenue growth alongside acquisition-related impacts from the ESSA transaction.

Financial Highlights

  • Net income available to common shareholders: $27.2 million for Q2 2026; diluted earnings per share: $0.91 for Q2 2026.
  • Total revenue (net interest income + non-interest income): $87.6 million for Q2 2026; net interest income: $76.3 million.
  • Net interest margin: 3.88% for Q2 2026 (3.89% on a fully tax-equivalent basis); net interest margin excluding purchase accounting accretion: 3.65%.
  • Loans (excluding $93.9 million syndicated loans): $6.4 billion at June 30, 2026; organic loan growth of $64.3 million (1.01%) versus March 31, 2026.
  • Total deposits: $7.1 billion at June 30, 2026; included $81.3 million deposits held for sale and a quarter impact from exiting a ~$140 million municipal relationship.

Business Highlights

  • Completed partial redemption of subordinated notes on June 15, 2026: $50.0 million redeemed, $35.0 million remain outstanding with floating-rate tied to three-month SOFR + 2.58%.
  • Acquisition integration: one-year post-close anniversary of the ESSA acquisition highlighted; management cited realized benefits in scale, retained earnings and additional paid-in capital from the transaction.
  • Commercial lending momentum: quarter driven by growth in commercial and industrial loans and new commercial customer relationships, offsetting some CRE prepayments and payoffs.
  • Liquidity & funding: $364.8 million held in interest-bearing deposit at the Federal Reserve and contingent liquidity resources totaling approximately $6.0 billion, providing multiple times coverage of adjusted uninsured deposits.
  • Asset quality monitoring: total nonperforming assets were $58.4 million (0.69% of total assets) with increases driven primarily by specific commercial relationships; allowance for credit losses was 1.04% of total loans.

Original SEC Filing:

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