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CNB Financial (CNB Financial) Net Interest Margin (Bank Only) % : 3.68% (As of Dec. 2023)


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What is CNB Financial Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. CNB Financial's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $190.4 Mil. CNB Financial's average earning assets for the quarter that ended in Dec. 2023 was $5,172.9 Mil. Therefore, CNB Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 3.68%.


CNB Financial Net Interest Margin (Bank Only) % Historical Data

The historical data trend for CNB Financial's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CNB Financial Net Interest Margin (Bank Only) % Chart

CNB Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.65 3.54 3.87 4.07 3.72

CNB Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.30 3.78 3.69 3.64 3.68

Competitive Comparison of CNB Financial's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, CNB Financial's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CNB Financial's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, CNB Financial's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where CNB Financial's Net Interest Margin (Bank Only) % falls into.



CNB Financial Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

CNB Financial's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=189.359/( (5017.762 + 5163.543)/ 2 )
=189.359/5090.6525
=3.72 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 4231.973 + 785.789
=5017.762

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 4423.319 + 740.224
=5163.543

CNB Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Sep. 2023 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=190.372/( (5182.177 + 5163.543)/ 2 )
=190.372/5172.86
=3.68 %

where

Earning Assets(Q: Sep. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 4446.806 + 735.371
=5182.177

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 4423.319 + 740.224
=5163.543

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


CNB Financial  (NAS:CCNE) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


CNB Financial Net Interest Margin (Bank Only) % Related Terms

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CNB Financial (CNB Financial) Business Description

Industry
Traded in Other Exchanges
Address
1 South Second Street, P.O. Box 42, Clearfield, PA, USA, 16830
CNB Financial Corp is providing integrated financial solutions, which create value for both consumers and businesses. These solutions encompass deposit accounts, private banking, real estate, commercial, industrial, residential and consumer loans and lines of credit, credit cards, treasury services, online banking, mobile banking, merchant credit card processing, remote deposit and accounts receivable handling. In addition, the corporation provides wealth and asset management services, retirement plans and other employee benefit plans.
Executives
Michael D Peduzzi officer: President & COO 31 SOUTH SECOND STREET, CLEARFIELD PA 16830
Julie M. Young director 6739 KENSINGTON WAY, WORTHINGTON OH 43085
Scott Nicholas N. Jr. director 6428 FAIR OAKS CIRCLE, FAIRVIEW PA 16415
N. Michael Obi director 489 PIERSON DR., RICHMOND HEIGHTS OH 44143
Renee Richard director 31 S 2ND STREET, CLEARFIELD PA 16830
Straub Francis X Iii director 342 W THERESIA RD, ST. MARY'S PA 15857
Peter F Smith director C/O CNB FINANCIAL CORP, 102 ELIZABETH ST, CLEARFIELD PA 16830
Heather J. Koptchak officer: SVP/Chief ofEmployee Resources 31 S 2ND STREET, CLEARFIELD PA 16830
Jeffrey S Powell director 101 BRENTWOOD DRIVE, PHILIPSBURG PA 16866
Deborah Dick Pontzer director
Tito L Lima officer: EVP/CFO 212 TOWHEE DRIVE, BOALSBURG PA 16827
Richard B. Seager director 422 4TH AVENUE, WARREN PA 16365
Bower Joseph B Jr officer: Executive Vice President RR 2 BOX 45B, CLEARFIELD PA 16830
Angela D. Wilcoxson officer: EVP/Commercial Banking 1836 CURRY LANE, TWINSBURG OH 44087
Mary Ann Conaway officer: SVP/HR 418 DEER HAVEN RD., FRENCHVILLE PA 16836