Cnb Financial Corporation · NASDAQ:CCNE
Cnb Financial — Investor Presentation (October 2012)
22 slides from Cnb Financial's investor presentation, Oct 12, 2012
Slide 1: Financial Highlights, October 12, 2012
Exhibit 99.1 Financial12, NASDAQ: October Highlights CCNE 2012 As of and for the six months ended June 30, 2012
Slide 2: Forward-Looking Statements
Forward-Looking This amended, covered Forward-looking and “forecasts,” Such business, subsidiaries composition (x) or could The that statement, 2 demand deposit are could forward-looking presentation known have subject by industry with cause whether for attrition; an the “intends,” or of and adverse
Slide 3: Experienced Executive Management Team
Experienced Years Executive Joseph Mark David Brian Richard Todd Vincent M. D. W. at J.B. C. L. Years Zimmer Abrams Breakey Wingard Bower Title Turiano Sloppy Greslick Management inCCNE SVP President Jr. EVP Treasurer EVP SVP Jr. President of Industry & Secretary & of Wealth Chief Team Chief Operati
Slide 4: History of CNB Financial Corporation
History 1865: National of established 1865 1934: Reorganizes through offering depositors Clearfield 1934 County 2005: of ato Bank stock CNB Services existing 1984 holding Purchases of Financial 2010: 1984: Holiday Discount Financial … forms Corporation company 2005 Joseph Forms Corporation assets Co
Slide 5: Capital Markets Summary
Capital Issuer: Market Use (1) quarter As of of Proceeds: CNB of Capitalization Raise June fiscal Financial Summary 8,years 2010. The capital 2010 (1): Corporation The – June $101 Corporation’s and is 2010 used 2011 million Offering: for and(pre-offering) general in market each Follow-on corporate o
Slide 6: CNB Financial Corporation Overview
Headquarters: Branches: Assets: Loans: Deposits: Primary CNB ERIEBANK: Holiday Full-service 6 Note: Financial Bank: $907 $1.7 Information Subsidiaries Financial $1.46 2722 branch billion million Division Clearfield, full-service Overview billion Services: Loan andofdata production PA CNB branches, C
Slide 7: 2012 Financial Highlights
2012 Balance – Profitability Asset •Capital Note: * Allowance Tangible Tier Total Deposits Loans Return Nonperforming Net Leverage Transaction, Please Highlights income interest charge-offs 1Financial Quality Risk Risk of Sheet see oncommon of $907 ratio assets Based the for Based $1.46 ofmoney marg
Slide 8: Earnings Per Share & Dividends
Earnings EPS 1.08 1.23 0.99 1.05 0.65 0.70 0.86 0.95 0.98 0.62 0.55 0.47 2002 0.33 Average 8 * Compound Dividends 1.06 1.01 0.66 0.61 0.57 0.47 2003 Annual Per 0.66 0.52 2004 Share 0.66 annual Increase: 2005 & Dividends 2006 growth * 2007 EPS rate2.6% ($) 2008 fromDiv. 2009 2002-2011. 3.5% 2010 2011
Slide 9: Capital Ratios
Capital T 15.4% 14.1% 15.0% 11.9% 12.9% 13.8% 10.8% 8.4% 8.8% 9.7% 7.9% 6.9% 7.5% 5.1% 2007 * angible Please 2008 8.2% 7.6% 7.1% 5.1% 12.0% 15.1% 13.9% 10.7% Ratios see Common 2009 7.9% the 12.0% Appendix 2010 Equity 2011to for June Tangible a reconciliation 30, 2012 Assets Leverage of non-GAAP Rati
Slide 10: Balance Sheet Growth
Balance $1,721 Assets $1,455 $1,017 2007 Average * 10Compound 2008 Loans $Sheet $957 Annual in2009 millions $907 annual Deposits Growth Increase: 2010 $859 $1,602 growth 2011 $1,414 $850 * June Assets rate $815 $1,354 from 30,13% $795 2012 $1,162 2007 Loans $715 – $1,163 June $659 8% 30, Deposits $6
Slide 11: Loan Portfolio Overview
Loan $ 8% 100% Consumer 34% 20% 2007 0% 11in 9% millions 35% 2008 Portfolio 8%36% and 2009 7%$600 90% Overview Residential 7% 2010 $672 6% other 2011 $715 80% 29% June $795 30% 31% 30,$850 29% 2012 32%$907 34% mortgage 33% 36% 10%34% 70% Commercial, industrial, and 60% agricultural 50% 27% 28% 29% 2
Slide 12: Deposit Composition
•Deposit Avg Total 100% 12% 14% 17% 35% 69% MMDA 51% 47% 29% 40% 20% Trans 16% 9% 2007 * 1228% Interest-bearing Compound 6% 11% Annual Jumbo 14% -4% 60% 65% 52% 39% 16% 2008 Deposits Accts Jumbo annual Composition & 0% 9% Savings 15% 2009 CDs Increase* annual CDs 11% compound $659 26% 2010 deposit M
Slide 13: Deposit Market Share and Demographics
Deposit CNB Clearfield 7.67 Total Source: 13 802,072 27 CNBSNL Demographics 1,455,759 1Total 11 Financial Cambria 434,867 Number 15,036,051 10 6/30/12 32.91 Deposits 1 51,273 1,321,369 Market 1.85 2,776,577 Erie Deposits 5 4 402,090 Crawford CNB Market 9.85 5 14,082,538 89,166 of in Market 7.62 Elk1
Slide 14: Yield on Earning Assets and Net Interest Margin
6% 2.64% 7.11% 8% 4.33% 4.84% 5.23% 4% 4.00% 2% 3.47% 2008 0% 1.19% 1.44% 1.78% 2.07% Yield 14 5.89% 3.65% 2009 on 4.48% earning 3.59% 2011 2011 assets, assets June Cost cost30, of 2012 funds Net and interest net interest margin margin (tax equivalent)
Slide 15: Asset Quality Summary
Asset ($ Nonaccrual Ow Non-Performing Loan Net 15 inCharge-Offs ned ‘000s) Loss Quality 516Reserves $1,979 For 671 Summary the Loans 252 (NCOs) $3,046 Year $6,773 396 / Loans Ended $825 505 $12,757 $8,719 126 $1,841 0.40% Year Total $9,795 $11,926 To$3,389 0.53% Non-Performing Date $10,820 $16,567 1
Slide 16: Delinquent Loans vs. Peers
Delinquent Peer 5% 4% 3.94% 2.68% 3% 3.51% 2.05% 2% 1% 1.37% 2007 0% Peers billion 4.84% 3.77% 2.45% 1.27% group 2008 include 2.83% 2.50% for 2007. 4.76% 2009 CNB Loans/Total U.S. 2010 (Source: Financial bank 2011 Loans holding Bank Corp. 6/30/12 Holding companies Company with assets Performance bet
Slide 17: Net Charge-Offs vs. Peers
NCOs 0.40% 0.94% 0.60% 1.28% 1.36% 0.80% 1.00% 1.20% 1.40% 0.70% 0.30% 0.20% 0.44% 0.14% 0.58% 0.09% 0.18% 2007 0.00% 0.12% 17 billion Peers 2008 /0.14% 0.19% 0.08% 0.29% for Average include 2007. 2009 0.32% 2010 (Source: Loans U.S. bank 2011Bank holding JuneHolding 30,companies 2012Company CCNEwith
Slide 18: Nonperforming Loans vs. Peers
Nonperforming 2.03% 2.41% 2.76% 2.95% 3.50% 3.60% 0.39% 1.00% 1.63% 1.94% 2007 Peers for 200. 2008 include 2.06% 0.53% (Source: 2009 U.S. Loans 2010 Bank bank 2011 /Holding Loans holding JuneCompany companies 30, 2012 CCNE Performance with assets Peers between Report –$1 www.ffiec.gov) and $3 billio
Slide 19: Holiday Financial Services Corporation
Holiday {in Year Net 19 thousands} income ended Financial December $576 $806 Services 31, $376 Six Corporation Net months chargeoffs ended$889 2010$731 2011 $338 June 30, 2012
Slide 20: Financial Highlights Summary
Summary ($ Assets Net PROFITABILITY 12.9% 2.85% Tang. CAPITAL Risk ASSET NPAs/ Reserves/ * 20Please inIncome Based millions, Common Assets 11.6% 2.45% $859 QUALITY see Loans Financial Capital $9.1 the $1,017 12.4% 0.34% 2.20% except Equity Appendix 1.13% $5.2 Ratio Highlights $1,162 12.7% 0.42% 2.12
Slide 21: Non-GAAP Reconciliation Appendix
Non-GAAP Appendix intangible believes tangible measure Year Tangible Assets Total 21 ended Assets Shareholders’ $847,594 common that is common Common assets provided December Financial $858,700 this from $1,005,512 non-GAAP equity equity Equity Equity below. Reconciliation the 31, $1,016,518 and to
Slide 22: Financial Highlights, NASDAQ: CCNE
Financial12, NASDAQ: October Highlights CCNE 2012 As of and for the six months ended June 30, 2012