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CNB Financial (CNB Financial) Effective Interest Rate on Debt % : 91.64% (As of Mar. 2024)


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What is CNB Financial Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. CNB Financial's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $130.7 Mil. CNB Financial's average total debt for the quarter that ended in Mar. 2024 was $142.7 Mil. Therefore, CNB Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 91.64%.


CNB Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for CNB Financial's Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Chart

CNB Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.48 15.91 18.39 12.16 50.27

CNB Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % 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 29.60 51.99 79.18 88.35 91.64

Competitive Comparison of CNB Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, CNB Financial's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, CNB Financial's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where CNB Financial's Effective Interest Rate on Debt % falls into.



CNB Financial Effective Interest Rate on Debt % Calculation

CNB Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -103.867/( (270.706+142.537)/ 2 )
=-1  *  -103.867/206.6215
=50.27 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=138.31 + 132.396
=270.706

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=142.537 + 0
=142.537

CNB Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -130.732/( (142.537+142.795)/ 2 )
=-1  *  -130.732/142.666
=91.64 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=142.537 + 0
=142.537

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=142.795 + 0
=142.795

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


CNB Financial  (NAS:CCNE) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


CNB Financial Effective Interest Rate on Debt % 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

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