CNB Financial Corp (CCNEP) company profile
Close on Oct 30, 2026Market cap $739.04MP/E 7.9Yield 2.89%
About CNB Financial
State Commercial Banks, SIC 6022
CNB Financial Corporation is a bank holding company that delivers commercial and retail financial services through its primary subsidiary, CNB Bank, and several specialized affiliates. The institution provides checking, savings, and time deposit accounts, alongside commercial, industrial, residential, and consumer loans. Its banking operations include dedicated units such as Private Client Solutions for wealth management and Impressia Bank for women entrepreneurs. Additional subsidiaries offer insurance products, securities investments, and small-balance consumer financing. The company serves individual, commercial, institutional, and governmental clients.
The organization conducts business across Pennsylvania, Ohio, New York, and Virginia. As of late 2025, its banking network comprises 75 full-service branch locations, two drive-up facilities, one mobile branch, and a loan production office, supplemented by nine consumer lending offices. Branch networks operate under regional division brands, with divisional headquarters situated in Erie and Stroudsburg, Pennsylvania; Worthington, Ohio; and Buffalo, New York. The parent entity was incorporated in Pennsylvania.
Summary of the business section of CNB Financial's latest annual report, written by StockData.
Company profile
Company
- Legal name
- CNB Financial Corp
- Founded
- 1983
- Headquarters
- Clearfield, PA
- Address
- 1 South Second Street, P.O. Box 42 16830
- Phone
- (814) 765-9621
- Website
- cnbbank.bank
- Employees
- 950, Dec 31, 2025
- Industry
- State Commercial Banks
- Incorporated in
- Pennsylvania
- Fiscal year ends
- December 31
- Auditor
- Forvis Mazars, LLP, Indianapolis, IN
Stock & identifiers
- Ticker
- CCNEP
- Other tickers
- CCNE
- Exchange
- Nasdaq
- Shares outstanding
- 30M, Aug 5, 2026
- Public float
- $458.48M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 25-for-10, May 24, 2004; 2-for-1, May 1, 1998
- SEC CIK
- 736772
- CUSIP
- 126128107
- ISIN
- US1261281075
- LEI
- 254900RUYUOKD91VNX69
- EIN
- 25-1450605
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Michael D. Peduzzi | President & CEO, Director | 60,136 |
| Robin Mink | EVP/Chief TM Officer | 10,100 |
| Carla M. Higgins | SVP/Strategic Project Manager | 4,840 |
| Martin T. Griffith | SEVP/Chief Revenue Officer | 22,361 |
| Tito L. Lima | SEVP/CFO | 32,255 |
| Heather J. Koptchak | SVP/Chief ofEmployee Resources | 9,170 |
| Michael J. Noah | EVP/Chief Operating Officer | 13,656 |
| Angela D. Wilcoxson | EVP/Chief Commercial Banking | 13,373 |
| Steven R. Shilling | EVP/Chief Wealth Mngt Officer | 17,471 |
| Leanne D. Kassab | SEVP/Chief Experience Officer | 31,825 |
| Gregory M. Dixon | EVP/Chief Credit Officer | 27,641 |
| Darryl P. Koch | EVP & CITSO | 7,881 |
| Kylie L. Graham | SVP/Operations | 6,820 |
| Anna K. Andersen | SVP & Chief Risk Officer | 6,724 |
| Francis X. Straub III | Director | 20,419 |
| Deborah Dick Pontzer | Director | 46,151 |
| Nicholas N. Scott Jr. | Director | 38,269 |
| Gary S. Olson | Director | 100,284 |
| N. Michael Obi | Director | 9,388 |
| Joel E. Peterson | Director | 28,266 |
| Peter C. Varischetti | Director | 25,037 |
| Julie M. Young | Director | 11,505 |
| Richard B. Seager | Director | 23,416 |
| Jeffrey S. Powell | Director | 143,058 |
| Robert C. Selig Jr | Director | 92,690 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $1.50M | $1.78M | $774.30K | $143 | $158 |
| FY2024 | $1.20M | $1.27M | $716.09K | $132 | $149 |
| FY2023 | $1.18M | $1.26M | $599.99K | $116 | $133 |
| FY2022 Joseph BBower Jr | $2.43M | $1.61M | $628.26K | $118 | $137 |
| FY2022 Michael DPeduzzi | $1.11M | $1.12M | $628.26K | $118 | $137 |
| FY2021 | $3.03M | $1.73M | $557.13K | $128 | $140 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| Michael D. Peduzzi President and Chief Executive Officer of CNB; Chief Executive Officer of CNB Bank | $653.99K | $65.00K | $270.67K | $309.27K | $201.55K | $1.50M | +25% |
| Tito L. Lima Chief Financial Officer and Treasurer of CNB; Senior Executive Vice President and Chief Financial Officer of CNB Bank | $359.01K | $35.00K | $112.78K | $123.00K | $297.79K | $927.57K | +21% |
| Martin T. Griffith Senior Executive Vice President and Chief Revenue Officer of CNB Bank | $382.04K | $1.50K | $112.78K | $130.89K | $341.21K | $968.42K | -16% |
| Michael J. Noah Executive Vice President, Chief Operating Officer of CNB Bank | $350.01K | $3.00K | $90.22K | $119.91K | $54.74K | $617.89K | – |
| Angela D. Wilcoxson Executive Vice President, Chief Commercial Banking Officer of CNB Bank | $347.05K | $1.50K | $90.22K | $118.90K | $25.66K | $583.33K | +23% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, the Corporation had a total of 950 employees, of which 917 were full time and 33 were part time.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jul 24, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Feb 20, 2025 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Mar 10, 2022 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Aug 25, 2020 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jan 30, 2020 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Oct 15, 2013 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 7, 2013 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Jun 25, 1999 | Merger | Registration of securities for a merger or exchange offer (S-4) |