logo
Share SHARE
FONT-SIZE Plus   Neg

CNB Financial Q1 Profit Rises - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT