Cnb Financial Corporation · NASDAQ:CCNE
Cnb Financial — Shareholder Meeting (April 2019)
15 slides from Cnb Financial's shareholder meeting presentation, Apr 15, 2019
Slide 1: Annual Shareholder Meeting April 16, 2019
Annual Shareholder Meeting April 16, 2019 Exhibit 99.1
Slide 2: 2018 Earnings and Earnings Per Share
2018 Earnings and Earnings Per Share Year Ended December 31, 2018 2017 2016 Net interest income $104,920 $91,509 $81,287 Provision for loan losses (6,072) (6,655) (4,149) Non-interest income 20,723 21,435 17,691 Non-interest expenses (79,342) (70,037) (67,118) Pre-tax net income 40,229 36,252 27,711
Slide 3: Peer Comparison – Performance
Peer Comparison – Performance Source: S&P Global Market Intelligence as of December 31, 2018, or most recent quarter. Core ROAA is net income after taxes and before extraordinary items, less net income attributable to non-controlling interest, gain on the sale of HTM and AFS securities, amortization
Slide 4: Capital Ratios
Capital Ratios Source: Company data as of December 31, 2018. * - Minimum ratio required to be well-capitalized under regulatory standards
Slide 5: Our Vision
Our Vision Look for a way to say yes to our customers, co-workers and communities, every time.
Slide 6: Strategic Principles
Strategic Principles a, al Be the Source of Foster an Position for Exceptional Experience: i of Leadershi Long-Term Growth Produce SIGNIFICANT REWARDS CNB CORPORA ° CORPORATION
Slide 7: Key Differentiators
Key Differentiators Create a unique competitive advantage by operating as a community bank in metropolitan markets Invest in up-to-date customer solutions, including digital and mobile delivery channels Expand the level of customer usage of digital and mobile delivery channels Wealth and asset manag
Slide 8: CNB Financial Franchise Geography
CNB Financial Franchise Geography * Triangle shape denotes headquarters for CNB Bank divisions
Slide 9: CNB Bank division overview (Pennsylvania)
At December 31, 2018: 20 branches $929 million in loans and $1.0 billion in deposits; organic loan growth of $89 million, or 10.6%, since December 31, 2017; organic deposit growth of $74 million, or 7.8%, since December 31, 2017 Today there are 14 banks headquartered in the 8 counties within CNB Ban
Slide 10: ERIEBANK division overview
At December 31, 2018: Eleven branches $830 million in loans and $897 million in deposits; organic loan growth of $52 million, or 6.7%, since December 31, 2017; organic deposit growth of $69 million, or 8.3%, since December 31, 2017 Entered the greater Cleveland market with the acquisition of Lake Na
Slide 11: Cleveland, OH Market
Cleveland, OH Market Sources: city.cleveland.oh.us, rethinkcleveland.org, largestemployers.org Cleveland, the second largest city in Ohio, is a major manufacturing and commercial center, ranks as one of the chief ports on the Great Lakes and functions as a collecting point for highway and railway tr
Slide 12: Successful Expansion into Ohio
The acquisition of FC Banc Corp. in 2013 expanded CNB’s geographic footprint into Central Ohio with meaningful size and scale, operating as FCBank, a division of CNB Bank $428 million in loans and $373 million in deposits as of December 31, 2018 Loan growth of $23 million, or 5.6%, since December 31
Slide 13: BankOnBuffalo expansion
BankOnBuffalo, a division of CNB Bank, formed in 2016, is primarily focused on the large number of commercial and industrial businesses that operate in Erie and Niagara counties of NY The decision to move into this region with a de novo operation came after an extensive evaluation of the market and
Slide 14: CNB Financial Corporation March 31, 2019
CNB Financial Corporation March 31, 2019 {dollars in thousands} March 31, 2019 December 31, 2018 Total Assets $3,287,324 $3,221,521 Loans $2,526,090 $2,474,557 Deposits $2,657,359 $2,610,786 Quarter ended March 31, 2019 2018 Net interest income $27,758 $24,100 Net income $9,473 $ 7,097 Earnings per
Slide 15: Annual Shareholder Meeting April 16, 2019
Annual Shareholder Meeting April 16, 2019