3 unchanged sentences
The following table provides information with respect to any purchase of shares of the Corporation’s common stock made by or on behalf of the Corporation for the quarter ended December 31, 2020.
−Removed: Average Price
−Removed: Paid per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Maximum Number (or approximate dollar value) of Shares that May
+Added: Period Total Number
+Added: Purchased Average Price
+Added: Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or approximate dollar value) of Shares that May
Yet Be Purchased
6 unchanged sentences
As of December 31, 2020, there were 183,131 shares remaining for repurchase under the program.
+Added: Additionally, during the quarter ended December 31, 2020, certain employees surrendered shares of common stock owned by them to satisfy their statutory minimum U.S.
+Added: federal and state tax obligations associated with the vesting of shares of restricted common stock issued under the CNB Financial Corporation 2019 Omnibus Incentive Plan.
Share Return Performance
2 unchanged sentences
Period Ending
+Added: Index 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20
CNB Financial Corporation 100.00 153.40 154.62 138.44 202.02 136.35
−Removed: NASDAQ Composite
SNL Bank NASDAQ 100.00 138.65 145.97 123.04 154.47 132.56
+Added: NASDAQ Composite 100.00 108.87 141.13 137.12 187.44 271.64
S&P Global Market Intelligence
6 unchanged sentences
Loans including fees $ 152,687 $ 139,867 $ 118,193 $ 97,005 $ 81,209
+Added: Taxable 12,362 12,472 9,921 8,165 9,134
+Added: Tax-exempt 1,441 2,372 2,739 2,983 3,390
+Added: Dividends 677 1,017 1,017 721 582
Total interest and dividend income 167,167 155,728 131,870 108,874 94,315
INTEREST EXPENSE:
+Added: Deposits 24,142 30,202 17,228 9,312 8,470
Borrowed funds 4,534 5,349 5,856 4,021 2,981
2 unchanged sentences
NET INTEREST INCOME 134,711 116,198 104,920 91,509 81,287
−Removed: PROVISION FOR LOAN LOSSES
−Removed: Net interest income after provision for loan losses
+Added: PROVISION FOR CREDIT LOSS EXPENSE (1)
+Added: 15,354 6,024 6,072 6,655 4,149
+Added: Net interest income after provision for credit losses 119,357 110,174 98,848 84,854 77,138
NON-INTEREST INCOME 28,059 25,975 20,723 21,435 17,691
2 unchanged sentences
INCOME TAX EXPENSE 7,347 8,560 6,510 12,392 7,171
+Added: NET INCOME 32,743 40,081 33,719 23,860 20,540
+Added: Preferred stock dividends 1,147 0 0 0 0
+Added: NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 31,596 $ 40,081 $ 33,719 $ 23,860 $ 20,540
PER SHARE DATA:
+Added: Basic $ 1.97 $ 2.63 $ 2.21 $ 1.57 $ 1.42
Fully diluted 1.97 2.63 2.21 1.57 1.42
2 unchanged sentences
AT END OF PERIOD:
−Removed: Loans, net of unearned discount
−Removed: Allowance for loan losses
+Added: Total assets $ 4,729,399 $ 3,763,659 $ 3,221,521 $ 2,768,773 $ 2,573,821
+Added: Securities 591,557 552,122 524,649 416,859 500,693
+Added: Loans 3,371,789 2,804,035 2,474,557 2,145,959 1,873,536
+Added: Allowance for credit losses 34,340 19,473 19,704 19,693 16,330
+Added: Deposits 4,181,744 3,102,327 2,610,786 2,167,815 2,017,522
FHLB and other borrowings 0 227,907 245,117 257,359 237,004
3 unchanged sentences
Return on average assets 0.75 % 1.17 % 1.12 % 0.89 % 0.85 %
−Removed: Return on average equity
+Added: Return on average common equity 9.35 % 14.05 % 13.46 % 9.97 % 9.69 %
Loan to deposit ratio 80.63 % 90.38 % 94.78 % 98.99 % 92.86 %
1 unchanged sentence
Average equity to average assets ratio 8.24 % 8.36 % 8.33 % 8.93 % 8.76 %
+Added: (1) Beginning January 1, 2020, the allowance for credit losses was calculated in accordance with Accounting Standards Codification Topic 326, "Financial Instruments – Credit Losses" ("ASC 326").
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.