Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

CNB Financial Q1 Profit Rises - Quick Facts

4/16/2012 11:44 AM ET

CNB Financial Corp. (CCNE: Quote), 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.

Click here to receive FREE breaking news email alerts for CNB Financial Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.