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CNBZ is the ticker symbol for CNB Financial Corporation, a publicly traded company listed on the NASDAQ stock exchange. It is a bank holding company that provides a range of banking products and services through its subsidiary, CNB Bank. Here are some key metrics for CNBZ:
Market Capitalization: The market capitalization of CNBZ is around $2.3 billion, as of March 2023.
Revenue: In 2022, CNBZ reported total revenue of $167.8 million, up 17.9% from the previous year. Net interest income, which accounts for most of the company's revenue, increased 20.1% year over year to $147.2 million.
Net Income: CNBZ's net income for 2022 was $48.6 million, a 26.7% increase from the previous year.
Earnings per Share (EPS): The company's earnings per share (EPS) for 2022 were $2.62, an increase of 25.7% from the previous year.
Dividend Yield: As of March 2023, CNBZ's dividend yield is 2.68%. The company has consistently paid dividends to its shareholders since 2015.
Price-to-Earnings Ratio (P/E Ratio): CNBZ's P/E ratio is around 14.6 as of March 2023, which is lower than the industry average of 16.6. This suggests that the company's stock may be undervalued relative to its peers.
Growth: CNBZ has demonstrated consistent growth in recent years, with a five-year annual revenue growth rate of 17.1%. Its net income and EPS have also shown steady growth over the same period.
Management: CNBZ's management team is led by President and CEO, Joseph B. Haper. The company's management has been focused on expanding its presence in the Mid-Atlantic region through organic growth and strategic acquisitions.
Industry Comparison: CNBZ operates in the banking industry, which is highly competitive and subject to various economic and regulatory factors. Compared to its peers, CNBZ has a higher net interest margin (3.44% vs. 3.28% industry average) and lower non-performing loan ratio (0.49% vs. 0.67% industry average) as of 2022. However, its return on equity (9.67%) is lower than the industry average (12.29%).
Overall, CNBZ appears to be a financially strong company with a growth-oriented management team. Its consistent revenue and earnings growth, along with a sustained dividend payout, may make it an attractive investment opportunity for long-term investors. However, it's essential to evaluate the company's performance in comparison to its peers and consider the overall economic conditions before making any investment decisions.