Company Overview
CNB Financial Corporation operates as the bank holding company for CNB Bank, a regional financial institution dedicated to providing a comprehensive suite of banking products and services tailored for individual, business, governmental, and institutional customers. The company's core activities include accepting checking, savings, and time deposit accounts while offering various real estate and commercial lending solutions to its diverse client base. This entity functions within the Financial Services sector, specifically classified under the Banks - Regional industry, which implies a focus on serving local and community-specific financial needs rather than nationwide or global operations. The company reports an annual revenue of $273.35M and employs a workforce of 917 individuals, while the market cap is listed as N/A in the provided data. Although the market cap figure is unavailable, the combination of $273.35M in annual revenue and a staff of 917 employees indicates a mid-sized regional banking operation with a significant local footprint. These financial figures suggest a stable, established presence in its specific geographic markets, leveraging its regional status to maintain deep community ties and specialized lending capabilities.
Financial Health
The company reported revenue of $273.35M and net income of $61.35M over the trailing twelve months, while EBITDA figures are not available for this specific reporting period. The substantial gap between the $273.35M in revenue and the $61.35M in net income reveals a cost structure where operating expenses, including interest on deposits, loan losses, and administrative costs, consume a significant portion of top-line earnings before reaching the bottom line. Regarding liquidity and operational cash generation, free cash flow data is not provided, which prevents a direct assessment of the company's immediate cash flexibility for capital expenditures or unexpected liabilities. However, the balance sheet shows a robust cash position of $532.47M compared to total debt of $337.16M, indicating that the company holds significantly more liquid assets than it owes in debt obligations. The debt-to-equity ratio is not listed in the available facts, so a precise leverage assessment relies on the absolute comparison of cash and debt figures. The current ratio is not disclosed, limiting the ability to quantify short-term liquidity relative to current liabilities using that specific metric. Profitability metrics show a gross margin of 0.0%, which is standard for the banking industry where revenue is primarily interest-based rather than from the sale of physical goods, an operating margin of 50.9%, and a profit margin of 24.2%. The 50.9% operating margin indicates that the company effectively controls its overhead costs relative to revenue, while the 24.2% profit margin demonstrates strong net efficiency in converting revenue into actual earnings. Return on Equity stands at 8.9% and Return on Assets is 0.9%, revealing that management generates moderate returns on shareholder capital and a conservative return on the total asset base typical for regional banking operations.
Valuation Assessment
The trailing twelve-month P/E ratio is 7.75, whereas the forward P/E ratio is not available for comparison. The absence of a forward P/E figure prevents a direct calculation of expected earnings trajectory based on analyst price targets, but the low trailing P/E of 7.75 suggests the stock is priced at a multiple that is often lower than large-cap financial peers. The price-to-book ratio is 0.90, indicating that the market values the company's equity at 90% of its book value, which often reflects a conservative valuation common in regional banking or a market perception of potential asset quality risks. Since the price-to-sales ratio and EV/EBITDA are listed as N/A, alternative valuation metrics cannot be utilized to cross-verify the equity valuation. The stock has traded between a 52-week high of $25.50 and a 52-week low of $23.08, providing a clear price range for historical volatility analysis. Without a specific current share price in the provided facts, the exact percentage distance from the 52-week high cannot be calculated, but the range demonstrates a trading band of approximately $2.42. The beta value is 0.70, which signifies that the stock price exhibits lower volatility relative to the broader market, moving roughly 30% less than the market average during periods of fluctuation.
Growth & Income
Revenue growth year-over-year is reported at 80.5%, while earnings growth year-over-year is reported at 65.8%. These figures indicate that earnings are growing slightly slower than revenue, which suggests that the expansion of the revenue base has not yet been fully optimized by net income improvements, possibly due to one-time costs or changes in the loan portfolio mix. The company offers a dividend yield of 7.1%, providing income to shareholders, although the payout ratio is not available to determine the specific percentage of earnings distributed. Given the high dividend yield and the lack of a disclosed payout ratio, the sustainability of the dividend depends heavily on the ability to maintain profitability levels consistent with the 24.2% profit margin. The absence of a stated payout ratio means the specific fraction of earnings used for dividends is unknown, but the yield remains a prominent feature of the stock's income profile. The overall growth and income profile presents a scenario of strong top-line expansion accompanied by significant dividend income, though the divergence between revenue and earnings growth rates warrants monitoring of future cost efficiencies.