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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.