CNB Financial Corporation Reports Q4 EPS of $.23 vs. $.26

CNB Financial Corporation CCNE, the parent company of CNB Bank, today announced its earnings for the fourth quarter of 2010 and for the year ended December 31, 2010. Highlights include the following: Net income of $2.9 million for the quarter ended December 31, 2010, or $0.23 per share, an 88.9% increase in net income and a 35.3% increase in diluted earnings per share over the quarter ended December 31, 2009. Deposits of $1,162.9 million at December 31, 2010, an increase of $206.0 million, or 21.5%, compared to December 31, 2009, and an increase of $48.2 million, or 4.3%, compared to September 30, 2010.