CNB Financial Q2 Earnings Call Highlights
CNB Financial (NASDAQ:CCNE) reported Q2 earnings call highlights. Originated loans grew 4.1% annualized, led by commercial and industrial lending (+18.2%). Deposits fell 3.8% annualized due to its net interest margin strategy, while excluding that, deposits rose 4% and non-interest-bearing deposits 8.1%. Credit metrics were mostly stable; NPA rose to 69 bps. CNB expects ESSA earnback under 18 months and plans acquisitions within its footprint.





