The Q3 beat was modest and driven by stable NIM and fee income rather than accelerating loan growth or margin expansion. Watch for credit quality trends given the elevated charge-off and provision this quarter, and monitor the October 29 earnings call for commentary on NIM trajectory and deposit cost management.
Price Chart
Executive Summary
CNB Financial reported Q3 2026 EPS of $0.91, a 4.0% beat vs consensus of $0.88, with revenue of $87.8M matching estimates. Net income was essentially flat sequentially at $27.0M, while net interest margin held steady at 3.89%. The beat was modest and driven by stable NIM and fee income, but nonperforming assets remain elevated and the provision for credit losses increased to $3.5M from $1.8M last quarter due to a $1.6M charge-off.
Key Financial Metrics
Key Facts
- EPS of $0.91 beat consensus of $0.88 by 4.0%
- Revenue of $87.8M matched consensus of $87.8M
- Net income available to common was $27.0M, down $244K sequentially from $27.2M
- Net interest margin was 3.89%, flat vs 3.88% last quarter and up from 3.69% a year ago
- Provision for credit losses increased to $3.5M from $1.8M last quarter, driven by a $1.6M charge-off on one commercial relationship
- Organic loans grew $76.5M or 1.19% (4.73% annualized) from Q2 2026
- Total deposits declined $32.6M, but excluding a strategic exit of $76.1M in higher-cost corporate deposits, deposits grew $43.5M
- Nonperforming assets were $56.9M or 0.68% of total assets, down from $58.4M last quarter
- Book value per common share was $28.86, up $0.11 from Q2 2026
- Tangible book value per common share was $24.87, up $0.14 from Q2 2026
Financial Impact
EPS beat consensus by $0.03 (4.0%); revenue in line; sequential earnings essentially flat
Risk Factors
- Provision for credit losses increased to $3.5M from $1.8M last quarter due to a $1.6M charge-off on one commercial relationship
- Nonperforming assets remain elevated at $56.9M vs $40.4M a year ago
- Pre-tax net unrealized losses on securities portfolio increased to $81.9M (8.98% of equity) from $54.8M (6.02%) last quarter
- Deposits declined $32.6M sequentially despite strategic exit of higher-cost deposits
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3385899 |
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%) |
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