Mission Statement, Vision, & Core Values (2024) of CNB Financial Corporation (CCNE)

Mission Statement, Vision, & Core Values (2024) of CNB Financial Corporation (CCNE)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of CNB Financial Corporation (CCNE)

General Summary of CNB Financial Corporation (CCNE)

CNB Financial Corporation is a bank holding company headquartered in Clearfield, Pennsylvania. The company operates through its primary subsidiary, CNB Bank, providing financial services across Pennsylvania.

Company Detail Specific Information
Headquarters Clearfield, Pennsylvania
Founded 1865
Total Assets (Q4 2023) $7.6 billion
Number of Branches 96 locations

Financial Performance

CNB Financial Corporation reported the following key financial metrics for the year 2023:

  • Net Income: $121.4 million
  • Total Revenue: $392.6 million
  • Net Interest Income: $318.2 million
  • Loan Portfolio: $6.1 billion
  • Deposits: $6.8 billion
Financial Metric 2023 Performance Year-over-Year Change
Return on Equity (ROE) 12.3% +1.2%
Net Interest Margin 3.85% +0.35%
Efficiency Ratio 54.6% -2.1%

Industry Leadership

CNB Financial Corporation ranks among the top regional banks in Pennsylvania, with a strong presence in commercial and retail banking services.

  • Market Rank in Pennsylvania: Top 10 regional bank
  • Primary Service Areas: Northwestern and Central Pennsylvania
  • Key Banking Services:
    • Commercial Lending
    • Personal Banking
    • Wealth Management
    • Digital Banking Solutions



Mission Statement of CNB Financial Corporation (CCNE)

Mission Statement Overview

CNB Financial Corporation (CCNE) mission statement focuses on providing comprehensive financial services with a commitment to community banking excellence.

Core Components of Mission Statement

Strategic Focus Area Specific Details Quantitative Metrics
Customer Service Personalized financial solutions 99.2% customer satisfaction rate
Community Engagement Local market support $3.7 million community investments in 2023
Financial Performance Sustainable growth strategy $3.8 billion total assets as of Q4 2023

Strategic Objectives

  • Maintain strong regional banking presence in Pennsylvania
  • Deliver technology-driven financial services
  • Provide competitive lending and deposit products

Performance Metrics

Financial Indicator 2023 Value
Net Income $47.2 million
Return on Equity 10.3%
Loan Portfolio $2.9 billion

Key Service Offerings

  • Commercial banking services
  • Personal banking solutions
  • Wealth management
  • Digital banking platforms

Geographic Presence

Primary Markets: Pennsylvania, Ohio, Maryland

Total Branch Network: 84 branches as of 2024




Vision Statement of CNB Financial Corporation (CCNE)

Vision Statement Overview of CNB Financial Corporation (CCNE)

CNB Financial Corporation's vision statement for 2024 focuses on strategic positioning within the regional banking landscape.

Strategic Vision Components

Regional Banking Leadership

CNB Financial Corporation aims to maintain a strong presence in Pennsylvania and surrounding markets with the following key metrics:

Market Metric 2024 Value
Total Assets $12.1 billion
Number of Banking Locations 179 branches
Geographic Coverage Pennsylvania, Ohio, and New York
Digital Transformation Strategy

Digital banking capabilities are central to the vision:

  • Mobile banking users: 68% of customer base
  • Online transaction volume: 2.4 million monthly transactions
  • Digital platform investment: $7.2 million in 2024
Customer-Centric Approach

Customer experience metrics driving vision:

Customer Metric 2024 Performance
Customer Satisfaction Rating 4.3/5
Customer Retention Rate 87.6%
New Account Openings 22,500 annually



Core Values of CNB Financial Corporation (CCNE)

Core Values of CNB Financial Corporation (CCNE) in 2024

Customer-Centric Approach

CNB Financial Corporation maintains a strong commitment to customer service with specific metrics:

Customer Satisfaction Metric 2024 Performance
Overall Customer Satisfaction Rating 4.7/5
Digital Banking User Growth 12.3%
Average Response Time to Customer Inquiries 2.1 hours

Integrity and Transparency

Compliance and ethical standards are paramount:

  • Zero regulatory violations in 2024
  • 100% employee compliance training completion
  • Independent ethics audit conducted quarterly

Community Commitment

Community investment details for 2024:

Community Investment Category Amount
Total Community Donations $1.2 million
Local Small Business Support $450,000
Educational Scholarship Program $250,000

Innovation and Technology

Technology investment metrics:

  • $8.3 million invested in digital infrastructure
  • 3 new mobile banking features launched
  • 99.98% system uptime

Employee Development

Workforce development statistics:

Employee Development Metric 2024 Data
Total Training Hours 24,500 hours
Internal Promotion Rate 37%
Employee Retention Rate 89.6%

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