CNB Financial Corporation (NASDAQ: CCNE) reported third-quarter 2026 earnings available to common shareholders of $27.0 million, or $0.91 per diluted share, roughly flat from the prior quarter and up from $18.9 million a year earlier; prior-year figures were recast under ASU 2025-08, not restated for errors. Compared with adjusted earnings of $22.5 million for Q3 2025 (excluding ESSA Bancorp merger costs), earnings rose $4.5 million. Total loans excluding $124.1 million of syndicated loans reached $6.5 billion, up $76.5 million or 1.19% from June 30, driven mainly by commercial and residential real estate. Deposits fell $32.6 million (0.46%) as the bank exited about $76.1 million of higher-cost corporate deposits at a 3.69% cost; excluding that, deposits rose about $43.5 million. Net interest margin was 3.89%, nonperforming assets were $56.9 million (0.68% of total assets), and net charge-offs rose to $2.4 million, mainly from about $1.6 million written off on one commercial and industrial relationship.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on manilatimes.net ↗
Keywords
CNB Financialbanksearningsreal estate
Open a keyword to see other news on the same topic.
Related news
- Independent Bank ( INDB ) Q3 2026 Earnings Call Transcript
Independent Bank Corp. (INDB) reported record Q3 2026 net income of $89.7 million, with diluted earnings per share up 12% from the prior quarter and a net interest margin of 3.89%. Loans grew by $158 million, led by C&I and commercial real estate, while non-time deposits rose $230 million. The company repurchased $57.4 million of stock and booked a $6.5 million provision for loan losses, mainly for one office loan that moved to non-performing status. The core system conversion was postponed from October 2026 to February 2027, and starting November 2026 the company is consolidating its headquarters into Rockland, Massachusetts, involving nearly 400 employees.
- Independent Bank ( INDB ) Q3 2026 Earnings Call Transcript
Independent Bank Corp. (INDB) reported net income of $89.7 million for Q3 2026, with diluted earnings per share up 12% from Q2, and a net interest margin of 3.89%. Total loans grew $158 million, or nearly 3.5% annualized, and non-time deposits rose $230 million, while the cost of deposits edged up to 1.42%. Net charge-offs were 0.02% of average loans, below the 20-year average of 0.16%, though a $6.5 million provision was booked for one office real estate loan that became non-performing; non-performing assets totaled $126.2 million, or 0.5% of total assets. The company repurchased $57.4 million of stock and postponed its core system conversion from October 2026 to February 2027.
- Profile of a Port Tycoon Newly Appearing at Eximbank: Invests Over VND 700 Billion in GEX and VIX Shares, Borrows VND 2,800 Billion from Eximbank, Acquires Real Estate Firm with Many Projects Partnering with GELEX
Viconship (VSC) appears for the first time on the list of shareholders holding at least 1% of Eximbank (EIB), with over 18.7 million shares, or 1.01%. As of June 30, 2026, the company held GEX and VIX shares with a cost of nearly 716 billion VND and a fair value of about 790 billion VND, while its Q2 report showed no EIB shares. Viconship also owed Eximbank roughly 2,856 billion VND in long-term loans, with initial interest rates of 7–10% per year, and owed VIX 322 billion VND in short-term borrowings. Its board approved a deposit agreement to acquire 100% of the capital of Viconship Industrial Infrastructure and Real Estate Co., Ltd (BDSV) for no more than 1,100 billion VND, and BDSV had previously co-invested with the GELEX ecosystem in infrastructure companies.
- Profile of a seaport tycoon that has just emerged at Eximbank: Pours over VND 700 billion into stocks, borrows VND 2,800 billion from Eximbank
Viconship (VSC) has appeared for the first time among shareholders holding more than 1% of Eximbank (EIB), with over 18.7 million shares, or 1.01% of charter capital. Its Q2 2026 report shows its trading securities portfolio at about VND 790 billion at market value, versus about VND 716 billion at cost. As of June 30, 2026, Viconship owed nearly VND 2,856 billion in long-term loans from Eximbank, used for capital transfers, equity contributions and ship purchases, with initial interest rates of 7% to 10% per year. Its board has also approved deposits to acquire 100% of Viconship Industrial and Real Estate Infrastructure Co. (BDSV) for no more than VND 1,100 billion.
- One individual raises stake in An Gia Real Estate to 6.8%
Ms. Nguyễn Thị Ngọc Lợi has bought AGG shares in five trades since early October 2026, raising her stake from 0% to 6.84% (12.41 million shares). Together with her mother, Nguyễn Thị Nhờ (4.25%), the group holds 20.11 million shares, or 11.09% of An Gia Real Estate. Deputy General Director Nguyễn Mai Giang has registered to buy 3 million AGG shares from October 22 to November 20, 2026, which would lift her stake to 3.14% if completed. Chairman Nguyễn Bá Sáng holds 25.78%, and the related shareholder group holds 33.29% in total. Earlier in October, An Gia also approved pledging 99.978% of Đông Nam's charter capital to VPBank to secure Đông Nam's obligations.
- Outstanding credit as of October 14 tops 20.7 million billion dong; banks agree to cut lending rates after meeting with the State Bank on the morning of October 19
As of October 14, 2026, outstanding credit to the economy reached 20,721,583 billion dong, up 11.44% from the end of last year and 16.73% year-on-year. On the morning of October 19, State Bank of Vietnam (SBV) Governor Phạm Đức Ấn met with chairs and CEOs of commercial banks, and the banks agreed to cut interest rates. Specifically, listed deposit rates for terms of 6 months or more will fall by at least 0.5%/year, while lending rates will drop by 1.5–2%/year, focusing on production, business and priority sectors. The backdrop includes Middle East conflict driving up oil prices, several major central banks raising rates and a stronger US dollar, all of which pressure Vietnam's monetary policy. The SBV also asks banks to channel credit into production and business while tightly controlling lending to risky sectors, including real estate.
Related markets
Latest news
- What Does i-80 Gold (TSX:IAU) Prioritizing Mineral Point Mean For Its Nevada Plan?
i-80 Gold (TSX:IAU) has outlined an updated Nevada development plan that puts the Mineral Point open pit next in line after the underground hub, alongside progress on refurbishing assets such as the Lone Tree processing plant. The company is also advancing permits across its Nevada portfolio to build out several deposits in a coordinated way. The article says this could move i-80 Gold toward a blended operation combining high-grade underground feed with large-scale heap leach oxide output, spreading fixed costs, though execution and cost control remain central risks. Key checkpoints include first ore from Archimedes underground in Q4 2026, completion of Lone Tree feasibility and pre-commissioning steps toward a late 2027 plant start-up, and Mineral Point and Archimedes studies targeted around mid-2027.
- Meta's Threads Now Has More Monthly Users Than X
Mark Zuckerberg told investors on the October 21, 2026 earnings call that Threads has overtaken X in monthly actives, but Meta published no figure to support the claim. The last reported Threads count was 500 million monthly users, announced June 16, 2026. Third-party estimates measure daily mobile users instead: Threads first passed X globally in the week of September 15 to 21, 2025, at 130.2 million versus 130.1 million, while X still leads on web and among U.S. mobile users. X's advertising revenue was $1.248 billion for the first nine months of 2026, below $1.323 billion a year earlier, and Meta's financials show no benefit from the user lead yet.
- Famous Billionaire Calls AI a Bubble — But That Is Not What His Money Says
Citadel founder Ken Griffin told Bloomberg at Citadel's Future of Global Markets conference that there are almost certainly bubbles within the current AI boom. He compared GPUs to airline seats, warning that once capacity exceeds demand prices may collapse, similar to the fiber-optic bust around 2000. Yet Citadel's amended 13F for Q2 2026 showed about $8.6 billion in five AI-linked companies, with Amazon its second-largest holding; its Amazon and Microsoft share counts rose 34% and 43%, while Nvidia shares fell about 37%. The filing also disclosed options on Nvidia and Micron that may hedge risk, and it is only a snapshot as of June 30.
- Procter & Gamble Jumps 6% as Earnings Beat Draws Defensive Buyers; Johnson & Johnson Rises 3%, Coca-Cola Ticks Up
Procter & Gamble shares rose 6% to $166.19 in morning trading after its Q1 FY2027 results beat expectations, with core EPS of $2 versus the $1.89 consensus and net sales of $23.28 billion against $22.82 billion expected. CFO Andre Schulten said the U.S. consumer is “remarkably resilient,” though lower-income shoppers are more cautious. The company kept its full-year outlook of 1% to 3% organic sales growth and core EPS of $6.89 to $7.11. Core gross margin fell 150 basis points year over year, and the company expects $1.4 billion in after-tax commodity cost pressure this fiscal year. Johnson & Johnson rose 3% and Coca-Cola 2% as defensive stocks drew buyers, while the SPDR S&P 500 ETF Trust fell 1%.
- Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Ark Invest, which publishes Cathie Wood's ETF trades daily, added to existing positions in Netflix (NFLX), Oklo (OKLO) and Intuitive Surgical (ISRG) on Wednesday, and all three are down between 7% and 80% over the past year. Netflix hit a two-year low after guiding to an 11.5% revenue increase for the final quarter, its weakest showing in more than three years, though it has more than 300 million members and trades at 17 times next year's estimated earnings. Oklo has surrendered 86% of its value from its all-time high, with a $5.2 billion market cap and revenue not expected to top $10 million next year. Intuitive Surgical is down 7% over the past year and nearly a quarter in 2026, as analysts see revenue growth slowing to 13% next quarter.
- Vistra Is Up 11% in a Month. Is Washington’s $4.2 Billion Nuclear Loan Really That Good?
Vistra (VST) shares are up 11% over the past month after a conditional commitment of up to $4.2 billion from the Energy Department for 433 MW of uprates at Beaver Valley, Davis-Besse and Perry, and a 20-year Constellation Energy deal with Google lifted power producers. The article sees the loan as a good deal for those three plants, but it comes with conditions and does nothing about the soft Texas power prices weighing on the 2027 outlook. Analysts expect normalized EPS to more than double from $4.76 in 2025 to $10.37 in 2027, yet the stock trades at about 15x forward earnings, in line with its five-year average. Vistra updates its 2027 guidance with third-quarter results on Nov. 6, and the author argues the stock is worth owning into that report. However, if the 2027 adjusted EBITDA midpoint falls well short of about $8.1 billion and management blames Texas prices, the loan will not help much.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.