Overview

• U.S. regional bank's Q1 net income and EPS rose yr/yr, driven by ESSA Bancorp acquisition

• Organic loan balances declined for Q1 due to prepayments in large CRE loans

• Total deposits grew 1.62% in Q1, supported by expanded Treasury Management activity

Outlook

• Company expects continued positive loan production with a strong loan pipeline entering Q2 2026

• CNB Financial focuses on growth in new Northeastern Pennsylvania and legacy markets

Result Drivers

• CRE LOAN PREPAYMENTS - Organic loan balances declined due to significant prepayments and full payoffs in large CRE loans, including those acquired from ESSA and a major office building loan

• TREASURY MANAGEMENT - Deposit growth was driven by expanded Treasury Management activity among municipal deposit relationships, as well as growth in corporate and wholesale deposits

• LOWER NON-INTEREST EXPENSE - Adjusted earnings rose slightly from the prior quarter, mainly due to lower non-interest expense, including reduced salaries, benefits, and state/local taxes

Company press release: ID:nGNXsmgDS

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 EPS		$0.88
Q1 Net Income		$27.04 mln
Q1 Net Interest Income		$73.32 mln
Q1 Pretax Profit		$33.14 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for CNB Financial Corp is $34.00, about 8.5% above its April 17 closing price of $31.35

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

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