CNB nets $7.8M in 3Q
CNB Financial Corp. on Tuesday reported third-quarter net income of $7.8 million.
The Clearfield-based bank had earnings of 47 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 70 cents per share.
The bank holding company posted revenue of $49.1 million in the period. Its revenue net of interest expense was $41.4 million, which did not meet Street forecasts.
CNB shares have decreased 49% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.77, a drop of 44% in the last 12 months.
First National Bank honored
First National Bank, the largest subsidiary of F.N.B. Corp., has been named a Greater Pittsburgh Area Top Workplace by the Pittsburgh Post-Gazette for the 10th consecutive year.
The Top Workplaces list is determined solely by employee feedback and is compiled by Energage, a leading research firm.
FNB was recognized in the large company category.
F.N.B. Corp. posts earnings
F.N.B. Corp. reported third-quarter earnings with net income of $80.8 million, or 25 cents per share.
Comparatively, third quarter of 2019 net income totaled $100.7 million, or 31 cents per share, and second quarter of 2020 net income totaled $81.6 million, or 25 cents per share.
Meanwhile, the board of directors of F.N.B. Corp. declared a quarterly cash dividend of $18.13 per share on F.N.B. Corp.’s Non-Cumulative Perpetual Preferred Stock, Series E. The dividend is payable on Nov. 15 to shareholders of record as of the close of business on Oct. 30.