Cnb Financial Corporation · NASDAQ:CCNE
Cnb Financial — Shareholder Meeting (April 2022)
21 slides from Cnb Financial's shareholder meeting presentation, Apr 19, 2022
Slide 1: Annual Shareholder Meeting Presentation, April 19, 2022
84 87 90 164 30 52 230 228 229 Discussion Materials ANNUAL shareholder MEETING Presentation APRIL 19, 2022 164 30 52 164 30 52 164 30 52 Exhibit 99.1
Slide 2: Caution Regarding Forward Looking Statements
Certain Important information CAUTION REGARDING FORWARD LOOKING STATEMENTS This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to CNB’s fina
Slide 3: Financial trends
(1) Earnings per share includes merger costs in 2019 and merger costs, FHLB prepayment penalties and branch closure costs in 2020. Source: Company filings Financial trends Total Assets ($M) Total Gross Loans ($M) Total Deposits ($M) Earnings per share(1) CAGR = 17.8% CAGR (ex PPP) = 13.7% CAGR = 21.
Slide 4: Earnings power
(1) Return on average assets, return on average equity, and efficiency ratio includes merger costs in 2019 and merger costs, FHLB prepayment penalties and branch closure costs in 2020. (2) Net interest margin and adjusted efficiency ratio are non-GAAP financial measures – see Appendix for reconcilia
Slide 5: Credit quality
Credit quality NONPERFORMING ASSETS TO TOTAL ASSETS NET CHARGE-OFFS TO LOANS ALLOWANCE FOR CREDIT LOSSES to NONACCRUAL LOANS(1) (1) Prior to January 1, 2020, the Corporation calculated the allowance for loan losses using the probable incurred methodology.. Source: Company filings
Slide 6: Capital, book value and dividend per share
(1) Tangible book value per common shares and tangible common equity/tangible assets are non-GAAP financial measures – see Appendix for reconciliations Source: Company filings Capital book value per common share(1) DIVIDEND PER COMMON SHARE Tangible common Equity/Tangible assets(1) Preferred Stock d
Slide 7: Regulatory Capital ratios
Regulatory Capital ratios Source: Company filings
Slide 8: Dividend History
Dividend History Historical dividend per common share
Slide 9: Financial performance summary Q1 2022
Financial performance summary Q1 2022 (1) Net interest margin and efficiency ratio are a non-GAAP financial measure – see Appendix for reconciliations Source: Company filings Dollars in thousands, except per share data 2022 2021 % Change Total Assets $5,284,000 $4,903,610 7.8% Loans 3,756,363 3,400,
Slide 10: Vision
FIND a way to say yes to our clients, co-workers and communities, every time. Vision
Slide 11: Strategic Initiatives
Strategic INITIATIVES CNB strives to be a financially independent company. Through these key principles, we believe we will remain financially viable and relevant: Be the source of exceptional experiences for our customers, employees and communities; Foster an environment of leadership in our Compan
Slide 12: 2021 at a glance
2021 at a glance During 2021, the novel coronavirus, or COVID-19, pandemic continued to have an impact on economic activity across our regions: CNB took a proactive approach in assisting our customers and communities: Participated in delivering 1,349, or $128 million, in Paycheck Protection Program
Slide 13: Looking into 2022
Looking into 2022 ERIEBANK expanded into Cleveland, OH under the direction of Wes Gillespie in 2018. We opened our Regional Headquarters, inclusive of our first SMART (Solutions Minded Advice Reinforced by Technology) Center in early 2022. Two more SMART Center locations are planned for 2022. Ridge
Slide 14: Environmental
environmental At CNB we continue to evaluate opportunities to mitigate our environmental impact through new initiatives as well as altering existing business practices. CNB rolled out new functionality on our website and mobile app to allow businesses to open new accounts without having to visit a b
Slide 15: Social
social CNB serves as a cornerstone institution of both financial support and community service in the markets in which we serve. We are committed to strengthening these communities, whether through the active volunteering of our employees, corporate philanthropy or our leadership. CNB’s key human ca
Slide 16: Governance
governance CNB emphasizes relevant governance and diversity and inclusion principles in strategic planning, human capital management and leadership development; CNB has a strong commitment to ensuring its Board of Directors and Advisory Boards’ have balanced, qualified and diverse compositions. We b
Slide 17: Thank you for attending our 2022 annual shareholder meeting
Thank you for attending our 2022 annual shareholder meeting.
Slide 18: Appendix
Appendix
Slide 19: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 2021 2022 Interest income (uly tx equivalent bass) (non-GAAP) $112,045 $133,318 $157,204 $168,528 $180,553 $449 $46,535, 17,365 26950 3953032456 19,820 51743637 Net interest income (uly tax equivalent bass (non-GAAP) 9468
Slide 20: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION For the year ending December 31, Year-to-Date March 31, Dollars in thousands, except per share dato 2017 2018 2020 2021 2021 2022 ‘Non-Interest Expense $70,037 $79,342 $87,508 $107,326 $116,433 $27,804 $31,892 LESS: Core Deposit Intangible Amortization 1,229 898 567 206 107 2
Slide 21: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Dollars in thousands, except per share data Total stockholder's equity (GAAP) LESS: preferred equity LESS: goodwill and other intangible assets Tangible common equity (non-GAAP) Total Assets LESS: goodwill and other intangible assets Tangible Assets (non-GAAP) / or for the ye