CNB Financial Corporation (CCNE) Q4 2025 earnings summary

Executive summary

• Net income available to common shareholders was $32.6M ($1.10/diluted share) for Q4 2025, up from $6.0M ($0.22/share) in Q3 2025 and $14.0M ($0.66/share) in Q4 2024.

• Adjusted Q4 2025 earnings (excluding merger and ASU 2025-08 impacts) were $25.8M ($0.87/share), up 14.74% from Q3 2025 and 84.78% from Q4 2024.

• Full-year 2025 net income was $61.8M ($2.49/share); adjusted earnings were $73.4M ($2.95/share), up 46.06% from 2024.

• Results reflect the impact of the ESSA Bancorp acquisition, higher net interest income, and increased non-interest expense.

Financial highlights

• Q4 2025 net interest income was $74.3M, up 10.65% from Q3 2025 and 51.6% from Q4 2024.

• Net interest margin (fully tax-equivalent) was 3.84% in Q4 2025, up from 3.69% in Q3 2025 and 3.43% in Q4 2024.

• Total revenue for Q4 2025 was $86.4M, up from $77.7M in Q3 2025 and $59.4M in Q4 2024.

• Non-interest income for Q4 2025 was $12.1M, up from $10.6M in Q3 2025.

• Q4 2025 non-interest expense was $60.1M; excluding merger costs, it was $52.3M, up 13.66% from Q3 2025.

• Provision for credit losses in Q4 2025 was a net reversal of $15.5M, mainly due to early adoption of ASU 2025-08.

Outlook and guidance

• Management expects continued positive post-merger performance and economies of scale from the ESSA acquisition.

• Strategic initiatives include optimizing the branch footprint and focusing on core franchise growth.