1. CNBB reported consistent earnings of $2.7 million for Q1 2025. 2. Basic earnings per share increased to $1.30, up from $1.26 in 2024. 3. ROA decreased to 0.83%, while ROE fell to 10.63%. 4. Book value per share rose by 10.8% to $49.90. 5. CNB expects favorable loan portfolio trends to support future margin growth.
Stable earnings and increased EPS indicate financial health, similar to trends seen in top-performing banks.
Improved earnings per share and anticipated margin growth highlight potential for stock price appreciation.
Immediate interest may arise from positive earnings, but longer-term impacts depend on sustained performance.
HILLSDALE, Mich., April 11, 2025 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank (the "Bank"), today announced earnings for the three months ended March 31, 2025. Earnings during the first quarter of 2025 totaled $2.7 million, which is consistent with the $2.7 million earned during the three months ended March 31, 2024. Basic earnings per share for CNB Community Bancorp, Inc. (the "Company") increased to $1.30 during the three months ended March 31, 2025, up $0.04 from $1.26 during the first quarter of 2024.
The annualized return on average assets ("ROA") decreased to 0.83% for the three months ended March 31, 2025, down 5 basis points or 5.7% from 0.88% for the three months ended March 31, 2024. The annualized return on average equity ("ROE") decreased to 10.63% for the current quarter, down from 11.43% for the first quarter of 2024. Book value per share increased to $49.90 at March 31, 2025, up $4.85, or 10.8%, from $45.05 at March 31, 2024.
Joseph R. Williams, President and Chief Executive Officer of CNB Community Bancorp, Inc. and County National Bank, stated, "The results for the first three months of 2025 have been very solid which are exemplified in our increased earnings per share. Our focus on maintaining CNB's consistent management of the balance sheet was evident in the resulting increase in our net interest income during the first quarter of 2025.
CNB continues to produce new loans that come into our portfolio at higher rates than those being paid off, a trend we expect will further support our margin this year. Given the strength of our balance sheet, the continued excellence from our banking teams, and the positive trends in our net interest margin, we believe that we are well positioned to drive further improvement in our financial performance in the year ahead."
About CNB Community Bancorp Inc. CNB Community Bancorp, Inc. (OTCQX:CNBB) is a one-bank holding company formed in 2005. Its subsidiary bank, County National Bank, is a nationally chartered full-service bank, which has served its local communities since its founding in 1934. CNB Community Bancorp, Inc. is headquartered in Hillsdale, Michigan and through its subsidiary bank offers banking products along with investment management and trust services to communities located throughout Southern Michigan.
This news release and other releases and reports issued by the Company may contain "forward-looking statements." The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company is including this statement for purposes of taking advantage of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
SOURCE CNB Community Bancorp, Inc.