CNB Financial Corporation reported unaudited earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported interest income of $24,818,000 compared to $21,994,000 a year ago. Net interest income was $21,009,000 compared to $18,928,000 a year ago. Income before income taxes was $7,067,000 compared to $7,590,000 a year ago. Net income was $5,040,000 or $0.35 per diluted share compared to $5,508,000 or $0.38 per diluted share a year ago. Return on average assets was 0.80% compared to 0.97% a year ago. Return on average equity was 9.41% compared to 10.90% a year ago. Pre-tax net income, non-GAAP was $7,168,000 compared to $7,904,000 a year ago.

For the year, the company reported interest income of $94,315,000 compared to $87,178,000 a year ago. Net interest income was $81,287,000 compared to $74,707,000 a year ago. Income before income taxes was $27,711,000 compared to $30,489,000 a year ago. Net income was $20,540,000 or $1.42 per diluted share compared to $22,197,000 or $1.54 per diluted share a year ago. Return on average assets was 0.85% compared to 0.99% a year ago. Return on average equity was 9.69% compared to 11.23% a year ago. Pre-tax net income, non-GAAP was $30,391,000 compared to $30,239,000 a year ago. Book value per share as at December 31, 2016 was $14.64 compared to $14.01 a year ago. Tangible book value per share of $11.76 as of December 31, 2016 decreased 1.7% compared to tangible book value per share of $11.96 as of December 31, 2015, primarily as a result of the additional intangible assets associated with the acquisition of Lake National Bank.

For the fourth quarter of 2016, the company reported net loan charge-offs of $1,484,000 compared to $1,167,000 a year ago.