CNB Financial Corp. (CCNE), Monday, reported a higher profit for the first quarter.
The Clearfield, Pennsylvania-based company reported a first-quarter net profit of $4.35 million or $0.35 per share, compared to $3.28 million or $0.27 per share last year.
Net interest income for the quarter grew 12.2 percent to $12.68 million from $11.30 million, where as net interest income after provision for loan losses increased 10 percent to $11.57 million from $10.52 million in the prior-year quarter.
For the quarter, total non-interest income rose 56.1 percent to $3.42 million from $2.19 million in the prior-year quarter.
Total loans for the quarter increased 8.5 percent to $860.01 million from $849.88 million, where as deposits grew 17.2 percent to $1.44 billion from $1.35 billion in the prior-year quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.