CNB Financial (CNB Financial) Credit Losses Provision : $6.02 Mil (As of Mar. 2024)

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What is CNB Financial Credit Losses Provision?

CNB Financial's credit losses provision for the three months ended in Mar. 2024 was $1.32 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $6.02 Mil.

CNB Financial's quarterly credit losses provision increased from Sep. 2023 ($1.06 Mil) to Dec. 2023 ($1.24 Mil) and increased from Dec. 2023 ($1.24 Mil) to Mar. 2024 ($1.32 Mil).

CNB Financial's annual credit losses provision increased from Dec. 2021 ($6.00 Mil) to Dec. 2022 ($8.59 Mil) but then declined from Dec. 2022 ($8.59 Mil) to Dec. 2023 ($5.99 Mil).

CNB Financial Credit Losses Provision Historical Data

The historical data trend for CNB Financial's Credit Losses Provision 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.

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CNB Financial Credit Losses Provision Chart

CNB Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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6.02

15.35

6.00

8.59

5.99

CNB Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															1.29	2.41	1.06	1.24	1.32

CNB Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.02 Mil.

CNB Financial (CNB Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CNB Financial Corp (NAS:CCNEP.PFD) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

CCNE:USA

Address

1 South Second Street, P.O. Box 42, Clearfield, PA, USA, 16830

Website

https://www.cnbbank.bank

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.