The stable NIM and organic loan growth are positive, but the widening securities unrealized loss and elevated charge-offs from one relationship warrant monitoring. The Q4 2026 Street consensus of $0.89 implies slight sequential EPS decline. Watch the Oct 29 earnings call for commentary on credit trends, securities portfolio strategy, and the pace of deposit cost reduction.
Price Chart
Executive Summary
CNB Financial reported Q3 2026 EPS of $0.91, a 1.1% beat vs consensus of $0.90, on revenue of $87.8M (below the $89.1M estimate). Net income available to common was $27.0M, essentially flat sequentially from $27.2M in Q2 2026. The quarter showed stable net interest margin (3.89% FTE), organic loan growth of 1.19% linked-quarter, and a strategic exit of $76.1M in high-cost corporate deposits. However, pre-tax unrealized losses on the securities portfolio widened to $81.9M (8.98% of equity) from $54.8M in Q2, and net charge-offs increased to $2.4M (0.14% annualized) from $1.4M, driven by one commercial relationship.
Key Financial Metrics
Key Facts
- Q3 2026 GAAP diluted EPS of $0.91 vs consensus $0.90 (1.1% beat)
- Revenue (net interest income + non-interest income) of $87.8M vs consensus $89.1M (miss)
- Net interest margin (FTE) stable at 3.89% vs 3.89% in Q2 2026
- Organic loans (ex-syndicated) grew $76.5M, or 4.73% annualized, from Q2 2026
- Total deposits declined $32.6M QoQ; core deposits (ex-strategic exit) grew $43.5M
- Pre-tax net unrealized losses on AFS/HTM securities widened to $81.9M (8.98% of equity) from $54.8M (6.02%) in Q2
- Net charge-offs increased to $2.4M (0.14% annualized) from $1.4M (0.09%) in Q2, driven by one C&I relationship
- Provision for credit losses was $3.5M, up from $1.8M in Q2
- Tangible book value per share rose to $24.87 from $24.73 in Q2
- All regulatory capital ratios remain well above well-capitalized thresholds
Financial Impact
Modest EPS beat offset by revenue miss and higher credit costs; securities portfolio mark-to-market loss of $27.1M pre-tax during the quarter is the primary balance-sheet headwind
Risk Factors
- Further yield curve steepening could increase unrealized losses on the securities portfolio, pressuring tangible book value
- Credit quality deterioration beyond the one C&I relationship could drive higher provisioning
- Integration costs or operational friction from the ESSA acquisition may persist
- Deposit competition or rate environment shifts could compress NIM
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000736772-26-000091 |
| Document: q32026earningssupplement.htm | 0000736772-26-000091 |
| Document: ccne-20261021.htm | 0000736772-26-000091 |
| Document: 0000736772-26-000091-index-headers.html | 0000736772-26-000091 |
| Document: 0000736772-26-000091-index.html | 0000736772-26-000091 |
| Document: 0000736772-26-000091.txt | 0000736772-26-000091 |
| 8-K Data (Synthetic) | 0000736772-26-000091 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $35.24 | awaiting T+60 | — | $35.55 (+0.88%) |
Oct 21, 2026 5d ago | Press Release | $35.24 | awaiting T+60 | — | $35.55 (+0.88%) |
Oct 13, 2026 13d ago | 8-K | $33.47 | awaiting T+60 | — | $35.55 (+6.21%) |
Oct 13, 2026 13d ago | Press Release | $33.47 | awaiting T+60 | — | $35.55 (+6.21%) |
Sep 22, 2026 4w ago | Institutional Cluster | $33.72 | awaiting T+60 | — | $35.55 (+5.43%) |
Jul 23, 2026 13w ago | Press Release | $34.67 $33.99 | ▼ −1.96% | ▼ −5.25% | $35.55 (+2.54%) |
Jul 13, 2026 15w ago | EFFECT | $33.68 $33.83 | ▲ +0.45% | ▼ −3.55% | $35.55 (+5.55%) |
Jul 10, 2026 15w ago | 8-K | $33.62 $34.01 | ▲ +1.16% | ▼ −1.47% | $35.55 (+5.74%) |
Jun 26, 2026 17w ago | S-3 | $33.86 $33.72 | ▼ −0.41% | ▼ −4.80% | $35.55 (+4.99%) |
Apr 24, 2026 26w ago | Insider Cluster | $30.17 $34.38 | ▲ +13.95% | ▲ +8.87% | $35.55 (+17.83%) |
US Market Status
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