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
Canadian power company Emera has agreed to buy Teco Energy Inc for $27.55 per share in cash as part of efforts to expand into Florida and New Mexico. The announcement sent Teco shares surging 28 percent in after-hours trade on the New York Stock Exchange. Xiaomi Corp., nicknamed the "Apple of China" is planning to launch laptops, a report by Bloomberg said. The Chinese brand has been pausing a direct challenge to major smart phone brands in Asian markets in the recent years. It has planned to win over China, India and Brazil markets those together would account for one third of the worldwide sales. Value-priced fashion apparel and accessories retailer Cato Corp. (CATO) Thursday announced a four percent increase in comparable store sales for August. Sales were for the four week period was up five percent to $67 percent from $63.6 million last year. For the thirty weeks ended August 29, the...
comments powered by Disqus
Follow RTT