CNB Financial Corp reports results for the quarter ended March 31 - Earnings Summary

• CNB Financial Corp CCNE.OQ reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of three analysts for the quarter was for earnings of 58 cents per share. Wall Street expected results to range from 54 cents to 61 cents per share.

• Revenue rose 7.1% to $48.43 million from a year ago; analysts expected $49.51 million.

• CNB Financial Corp's reported EPS for the quarter was 50 cents​.

• The company reported quarterly net income of $10.41 million.

• CNB Financial Corp shares had fallen by 7.3% this quarter and lost 17.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 28.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for CNB Financial Corp is $27.00

This summary was machine generated from LSEG data April 14 at 08:47 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)