CNB Financial Q3 net income falls
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CNB Financial reported a Q3 net income of $6 million, down from $12.9 million in Q2, with an adjusted EPS of $0.82, a 30.16% increase from Q2. The company completed the acquisition of ESSA Bancorp, adding $2.1 billion in assets. Analysts maintain a "buy" rating on CNB shares, with a median 12-month price target of $28.00, reflecting a 13.3% upside from its recent closing price of $24.29. The acquisition is expected to yield cost savings and enhance earnings.
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