Cnb Financial Corporation · NASDAQ:CCNE
Cnb Financial — Investor Presentation (July 2019)
26 slides from Cnb Financial's investor presentation, Jul 29, 2019
Slide 1: Investor Presentation July 2019
Investor Presentation July 2019 Exhibit 99.1
Slide 2: Forward-Looking Statements
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 the financial condition, liquidity, results of operations,
Slide 3: CNB Financial Corporation (Nasdaq: CCNE)
CNB Financial Corporation (Nasdaq: CCNE) Three-state community bank with $3.3 billion in assets based in Clearfield, PA with significant business in the metropolitan markets of Cleveland, Columbus, Buffalo and Erie Attractive combination of legacy rural markets, which generate low cost and stable co
Slide 4: Local Branding and Decision Making
Local Branding and Decision Making Effective Community Banking Strategy * Triangle shape denotes headquarters for CNB Bank divisions; data as of March 31, 2019 Loans: $844 million Deposits:$871 million Loans/Deposits: 97% Loans: $431 million Deposits:$360 million Loans/Deposits: 120% Loans: $281 mil
Slide 5: Growing Presence in Metropolitan Markets (% of loan portfolio)
Growing Presence in Metropolitan Markets (% of loan portfolio) 12/31/09 03/31/19 * Source: Company data 12/31/13
Slide 6: Growing Presence in Metropolitan Markets (% of deposits)
Growing Presence in Metropolitan Markets (% of deposits) 12/31/09 03/31/19 * Source: Company data 12/31/13
Slide 7: Deposit Market Demographics
Deposit Market Demographics Source: S&P Global Market Intelligence
Slide 8: 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 9: CNB's Experienced Management Team
CNB’s Experienced Management Team YEARS AT CCNE YEARS IN INDUSTRY AGE EXECUTIVE TITLE Joseph B. Bower Jr. President & Chief Executive Officer 21 25 55 Richard L. Greslick Jr. SEVP / Chief Support Officer & Secretary 20 20 42 Mark D. Breakey SEVP / Chief Risk Officer 27 33 60 Joseph E. Dell Jr. SEVP
Slide 10: CNB Bank market growth
Organic loan growth of $59.9 million, or 6.7%, in last twelve months Organic deposit growth of $77.8 million, or 8.0%, in last twelve months Today there are 14 banks headquartered in the 8 counties within CNB Bank’s market; twenty years ago, there were 24 Data as of March 31, 2019 Source: Company da
Slide 11: ERIEBANK
At March 31, 2019: Eleven branches $844 million in loans and $871 million in deposits; organic loan growth of $48.6 million, or 6.1%, in last twelve months; organic deposit growth of $33.2 million, or 4.0%, in last twelve months Entered the greater Cleveland market with the acquisition of Lake Natio
Slide 12: 2019
Source: Company data as of March 31, 2019
Slide 13: 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 14: Expansion into Ohio (FCBank)
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 $430.8 million in loans and $360.3 million in deposits as of March 31, 2019 Loan growth of $13.2 million, or 3.2%, in last twelve
Slide 15: 2019
Source: Company data as of March 31, 2019
Slide 16: BankOnBuffalo
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 17: 2019
Source: Company data as of March 31, 2019
Slide 18: Most Recent Quarter Peer Comparison
Most Recent Quarter Peer Comparison Performance Asset Quality Capital Returns 75th percentile 50th percentile 25th percentile CNB: 1.17 Peers: 1.09 Source: S&P Global Market Intelligence as of March 31, 2019, or most recent quarter. CNB Bank excludes Holiday Financial Services Corporation (“Holiday”
Slide 19: Peer Comparison – Performance
Peer Comparison – Performance Source: S&P Global Market Intelligence as of March 31, 2019, or most recent quarter. See page 25 for full peer group. 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 an
Slide 20: Strong Capital Ratios
Strong Capital Ratios Source: Company data as of March 31, 2019
Slide 21: Peer Comparison – Asset Quality
Peer Comparison – Asset Quality Source: S&P Global Market Intelligence and Company Data. CNB Bank excludes Holiday. See page 25 for full peer group.
Slide 22: Peer Comparison – Total Return
Peer Comparison – Total Return Source: S&P Global Market Intelligence for dates noted above. See page 25 for full peer group. Last Twelve Months Ending June 30, 2019
Slide 23: Q2 2019 Balance Sheet Summary
Q2 2019 Balance Sheet Summary * Source: Company data
Slide 24: Q2 2019 Profitability Summary
Q2 2019 Profitability Summary * Source: Company data
Slide 25: CNB Peers $1-5 billion
CNB Peers $1-5 billion Source: S&P Global Market Intelligence as of March 31, 2019, or most recent quarter. Peers consisting of banks headquartered in the Northeast, as well as OH, WV, IN and KY (states bordering CNB footprint), excluding metro markets, with total assets between $1 billion and $5 bi
Slide 26: Non-GAAP Financial Reconciliation
Non-GAAP Financial Reconciliation Tangible common equity, tangible assets, and tangible book value per share are non-GAAP financial measures calculated using GAAP amounts. Tangible common equity is calculated by excluding the balance of goodwill and the core deposit intangible from the calculation o