CNB FINANCIAL CORP/PA financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CNB FINANCIAL CORP/PA files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Interest expense	13	17.4	27	39.5	32.5	19.8	24.1	104
Pre-tax income	27.7	36.3	40.2	48.6	40.1	70.8	78.2	71.8	67.4	82.5
Income tax	7.17	12.4	6.51	8.56	7.35	13.1	15	13.8	12.8	16.3
Net income	20.5	23.9	33.7	40.1	32.7	57.7	63.2	58	54.6	66.1
EPS, basic	1.42	1.57	2.21	2.63	1.97	3.16	3.26	2.56	2.39	2.50
EPS, diluted	1.42	1.57	2.21	2.63	1.97	3.16	3.26	2.55	2.39	2.49
Shares, basic (weighted)	14.4	15.1	15.2	15.2	16	16.8	18	20.9	20.8	24.6
Shares, diluted (weighted)	14.4	15.1	15.2	15.2	16	16.8	18	20.9	20.9	24.7
Dividend per share	0.66	0.66	0.67	0.68	0.68	0.69	0.70	0.70	0.71	0.72

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	29.2	35.3	45.6	193	533	732	106	222	443	528
Property, plant and equipment	49.5	50.7	49.9	54.9	60.1	61.7	68.5	73.7	76	90.2
Lease right-of-use assets			0	18.4	18.4	19.9	32.3	35.7	37.8	40.9
Goodwill	38.7	38.7	38.7	38.7	43.7	43.7	43.7	43.7	43.7	88.4
Intangible assets					0.57	0.46	0.36	0.28	0.21	33.7
Total assets	2,574	2,769	3,222	3,764	4,729	5,329	5,475	5,753	6,192	8,396
Short-term debt	104	34.4	0			0	132	0	0	164
Long-term debt					50	83.7	84	84.3	84.6	84.9
Total liabilities	2,362	2,525	2,959	3,459	4,313	4,886	4,944	5,182	5,581	7,524
Total debt	103	328	316	299	70.6	83.7	84	84.3	84.6	84.9
Paid-in capital	77.7	97	97.6	99.3	128	127	222	220	220	423
Retained earnings	134	148	172	202	219	261	307	346	381	425
Treasury stock	-0.13	-1.09	-2.56	-2.81	-2.97	-2.48	-2.97	-6.89	-4.69	-2.58
Other comprehensive income	-0.12	-0.34	-4	6.94	15.1	-0.39	-52.5	-46.1	-43.6	-30.7
Shareholders' equity	212	244	263	305	416	443	531	571	611	872
Total equity	212	244	263	305	416	443	531	571	611	872
Total liabilities and equity	2,574	2,769	3,222	3,764	4,729	5,329	5,475	5,753	6,192	8,396
Shares outstanding						17	21.2	21.2

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	20.5	23.9	33.7	40.1	32.7	57.7	63.2	58	54.6	66.1
Depreciation and amortization	4.48	5.24	4.81	5.96	6.08	6.24	6.57	7.74	8.27	10.9
Stock-based compensation	0.82	0.93	1.55	1.35	1.41	1.41	1.25	1.69	2.23	2.67
Deferred income tax								1.11	-1.18	5.07
Cash from operations	26.8	30.8	44.9	52	28.8	58.9	64.1	47	71.5	65
Capital expenditures	-10.1	-5.22	-3.07	-9.05	-5.64	-6.48	-12.3	-10.8	-16.3	-6.33
Acquisitions	-2.87	0	0
Purchases of investments	-21.5	-23.7	-189	-122	-224	-341	-48.4	-19.3	-191	-336
Sales and maturities of investments	63.8	92.3	76.3	98.3	164	171	70	42.7	65.5	126
Cash from investing	-151	-204	-453	-369	-169	-410	-805	-149	-203	27.6
Debt issued	80	160	50	30.4	232	0	0
Debt repaid	-81.3	-70.1	-27.8	-47.6	-460	-50	0	0
Stock issued	0	19.3	0	1.42	3.26	0	94.1	0	0
Dividends paid	-9.55	-10.1	-10.2	-10.4	-11	-11.6	-12.6	-14.7	-14.9	-18.2
Cash from financing	126	179	418	464	480	550	115	218	353	-7.77
Net change in cash	1.92	6.16	10.2	147	340	200	-626	116	221	84.9
Free cash flow	16.6	25.5	41.8	43	23.1	52.4	51.8	36.2	55.2	58.7
Interest paid	13.3	17.5	26.6	39.3	33	20	26.8	102	134	150
Income taxes paid	3.97	7.81	7.05	8.01	9.52	11.8	17.4	12	12.9	10.6

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $34.09 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	19.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	10.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.1%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	21.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	1.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	15.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	4.2%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-8.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	4.8%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-9.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	0.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	17.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	6.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	4.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	20.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	1.4%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	0.9%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	1.1%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	42.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	18.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	15.9%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	35.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	15.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	12.2%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	18.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	11.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	9.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.04x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	0.4%	Total debt / total assets.
Liabilities / assets	89.2%	Total liabilities / total assets.
Net debt	-$423.4M	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	1.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	$822.1M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	89.3%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	4.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.14	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$2.91	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.03	Cash from operations / diluted weighted shares.
Book value per share	$30.84	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$27.88	Tangible book value / shares outstanding.
Cash per share	$15.54	(Cash + short-term investments) / shares outstanding.
Payout ratio	22.8%	Dividends paid / net income, when net income is positive.
Dividends / FCF	25.5%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.01B	Share price x shares outstanding.
Enterprise value	$586.3M	Market cap + total debt - cash - short-term investments.
P/E	10.5x	Market cap / net income. Only when net income is positive.
P/B	1.11x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.23x	Market cap / tangible book value, when positive.
P/FCF	11.8x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	11.3x	Market cap / cash from operations, when positive.
EV/FCF	6.84x	Enterprise value / free cash flow, when both are positive.
FCF yield	8.5%	Free cash flow / market cap.
Earnings yield	9.5%	Net income / market cap (the inverse of P/E).
Dividend yield	2.2%	Dividends paid over the period / market cap.
Shareholder yield	2.2%	(Dividends paid + share buybacks) / market cap.

Was CNB FINANCIAL CORP/PA profitable in fiscal 2025?

Yes. Net income was $66.1M, a net margin of -.

How much free cash flow did CNB FINANCIAL CORP/PA generate in fiscal 2025?

Cash from operations of $65.0M minus capital expenditures of $6.3M left free cash flow of $58.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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