MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Our common stock is traded on the Global Select Market of The NASDAQ Stock Market LLC ("NASDAQ") under the symbol "CCNE." As of December 31, 2020, the number of shareholders of record of the Corporation’s common stock was 5,428.
+Added: Our common stock is traded on the Global Select Market of NASDAQ under the symbol "CCNE." As of December 31, 2021, the number of shareholders of record of the Corporation’s common stock was 6,191.
Issuer Purchases of Equity Securities
15 unchanged sentences
Set forth below is a chart comparing the Corporation’s cumulative return to stockholders against the cumulative return of the NASDAQ Composite Index and a peer group index of banking organizations for the five-year period commencing December 31, 2016 and ending December 31, 2021.
+Added: Previously, the Corporation utilized the SNL Bank NASDAQ Index as the peer group index.
+Added: The SNL Bank NASDAQ Index was retired in August 2021 and, therefore, there is no value to disclose for the SNL Bank NASDAQ Index as of 12/31/2021.
+Added: The Corporation utilized as a replacement index the KBW NASDAQ Bank Index.
CNB Financial Corporation
2 unchanged sentences
CNB Financial Corporation 100.00 100.79 90.21 131.65 88.76 113.57
−Removed: SNL Bank NASDAQ 100.00 138.65 145.97 123.04 154.47 132.56
−Removed: NASDAQ Composite 100.00 108.87 141.13 137.12 187.44 271.64
+Added: NASDAQ Composite Index 100.00 129.64 125.96 172.18 249.51 304.85
+Added: KBW NASDAQ Bank Index 100.00 118.59 97.58 132.84 119.14 164.80
S&P Global Market Intelligence
−Removed: SELECTED FINANCIAL DATA
−Removed: The following selected financial information should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the consolidated financial statements as of December 31, 2020 and 2019 and for the three years ended December 31, 2020, 2019, and 2018, and the related notes included elsewhere in this Annual Report on Form 10-K.
−Removed: The selected financial information as of and for the years ended December 31, 2020, 2019, 2018, 2017, and 2016 has been derived from our audited historical financial statements.
−Removed: Year ended December 31,
−Removed: (Dollars in thousands, except per share data) 2020 2019 2018 2017 2016
−Removed: INTEREST AND DIVIDEND INCOME:
−Removed: Loans including fees $ 152,687 $ 139,867 $ 118,193 $ 97,005 $ 81,209
−Removed: Taxable 12,362 12,472 9,921 8,165 9,134
−Removed: Tax-exempt 1,441 2,372 2,739 2,983 3,390
−Removed: Dividends 677 1,017 1,017 721 582
−Removed: Total interest and dividend income 167,167 155,728 131,870 108,874 94,315
−Removed: INTEREST EXPENSE:
−Removed: Deposits 24,142 30,202 17,228 9,312 8,470
−Removed: Borrowed funds 4,534 5,349 5,856 4,021 2,981
−Removed: Subordinated debentures 3,780 3,979 3,866 4,032 1,577
−Removed: Total interest expense 32,456 39,530 26,950 17,365 13,028
−Removed: NET INTEREST INCOME 134,711 116,198 104,920 91,509 81,287
−Removed: PROVISION FOR CREDIT LOSS EXPENSE (1)
−Removed: 15,354 6,024 6,072 6,655 4,149
−Removed: Net interest income after provision for credit losses 119,357 110,174 98,848 84,854 77,138
−Removed: NON-INTEREST INCOME 28,059 25,975 20,723 21,435 17,691
−Removed: NON-INTEREST EXPENSES 107,326 87,508 79,342 70,037 67,118
−Removed: INCOME BEFORE INCOME TAXES 40,090 48,641 40,229 36,252 27,711
−Removed: INCOME TAX EXPENSE 7,347 8,560 6,510 12,392 7,171
−Removed: NET INCOME 32,743 40,081 33,719 23,860 20,540
−Removed: Preferred stock dividends 1,147 0 0 0 0
−Removed: NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 31,596 $ 40,081 $ 33,719 $ 23,860 $ 20,540
−Removed: PER SHARE DATA:
−Removed: Basic $ 1.97 $ 2.63 $ 2.21 $ 1.57 $ 1.42
−Removed: Fully diluted 1.97 2.63 2.21 1.57 1.42
−Removed: Dividends declared 0.68 0.68 0.67 0.66 0.66
−Removed: Book value per share at year end 21.29 20.00 17.28 15.98 14.64
−Removed: AT END OF PERIOD:
−Removed: Total assets $ 4,729,399 $ 3,763,659 $ 3,221,521 $ 2,768,773 $ 2,573,821
−Removed: Securities 591,557 552,122 524,649 416,859 500,693
−Removed: Loans 3,371,789 2,804,035 2,474,557 2,145,959 1,873,536
−Removed: Allowance for credit losses 34,340 19,473 19,704 19,693 16,330
−Removed: Deposits 4,181,744 3,102,327 2,610,786 2,167,815 2,017,522
−Removed: FHLB and other borrowings 0 227,907 245,117 257,359 237,004
−Removed: Subordinated debentures 70,620 70,620 70,620 70,620 70,620
−Removed: Deposits held for sale 0 0 0 0 6,456
−Removed: Shareholders’ equity 416,137 304,966 262,830 243,910 211,784
−Removed: Return on average assets 0.75 % 1.17 % 1.12 % 0.89 % 0.85 %
−Removed: Return on average common equity 9.35 % 14.05 % 13.46 % 9.97 % 9.69 %
−Removed: Loan to deposit ratio 80.63 % 90.38 % 94.78 % 98.99 % 92.86 %
−Removed: Dividend payout ratio 34.54 % 25.82 % 30.35 % 42.31 % 46.48 %
−Removed: Average equity to average assets ratio 8.24 % 8.36 % 8.33 % 8.93 % 8.76 %
−Removed: (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.