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Earnings analysis · 10-Q

CCNE earnings analysis

Filed May 6, 2026 · Our reading of the company's report

The latest report

CNB Financial reported strong Q1 2026 results with diluted EPS of $0.88, exceeding consensus estimates of $0.81, while revenue of $73.3 million fell short of the $79.1 million expected. The company enjoys improved…

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CNB Financial reported strong Q1 2026 results with diluted EPS of $0.88, exceeding consensus estimates of $0.81, while revenue of $73.3 million fell short of the $79.1 million expected. The company enjoys improved margins and a substantial year-over-year increase in net interest income, primarily due to the acquisition of ESSA, offsetting some revenue shortfalls.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $32 Operating expenses $33 Left as operating profit $35

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Reported figures

Earnings per share
$0.88

What stood out

  • Significant EPS Beat

    Diluted EPS rose to $0.88 from $0.50 year-over-year, surpassing estimates by 8.64%.

  • Improved Operating Margin

    Operating margin improved to 34.5% in Q1 2026, compared to 21.5% in Q1 2025.

  • Strong Growth in Net Interest Income

    Net interest income increased by $24.9 million, or 51.40%, totaling $73.3 million versus $48.4 million year-over-year.

  • Higher Yield on Earning Assets

    Yield on earning assets rose to 5.85%, up from 5.73% in the prior year.

  • Robust Non-Interest Income Growth

    Non-interest income reached $10 million, up from $8.5 million year-over-year.

  • Improved Efficiency Ratio

    The efficiency ratio significantly dropped to 59.03% from 72.07% in the same quarter last year.

What to watch

  • Revenue Miss on Expectations

    Actual revenue was $73.3 million, missing the consensus estimate by $5.7 million, or 7.24%.

  • Material Sequential Revenue Decline

    Revenue decreased from $94 million in Q4 2025 to $73.3 million in Q1 2026, a decline of 22%.

  • Rising Provision for Credit Losses

    The provision for credit losses was $998,000, increased from $600,000 in the year-ago period, raising some concerns about asset quality.

Management's outlook

No explicit forward guidance provided.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.