Business Wire·Oct 10, 2025, 7:00 AM ET

CNB Community Bancorp, Inc. Reports Third Quarter 2025 Results

CNBB

CNB Community Bancorp, Inc. reported third-quarter 2025 net income of $3.2 million, an 8.3% decrease from $3.5 million in the same period of 2024.
Basic earnings per share for the third quarter of 2025 declined to $1.55 from $1.59 in 2024.
Net income for the nine months ended September 30, 2025, totaled $8.8 million, down from $9.1 million in the prior year period, while basic EPS increased to $4.32 from $4.20.
The Q3 earnings decline was primarily driven by increased noninterest expenses related to compensation, benefits, occupancy, and equipment, partially offset by higher net interest income.
Annualized return on average assets (ROA) fell to 0.96% in Q3 2025 from 1.10% in Q3 2024, with ROA for the nine-month period dropping to 0.91% from 0.98%.
Annualized return on average equity (ROE) decreased to 11.89% in Q3 2025 from 12.99% in 2024, and stood at 11.49% for the first nine months of 2025 compared to 11.82% in 2024.
Book value per share rose to $52.66 at September 30, 2025, an increase of $4.50 from $48.16 at the same date in 2024.
Total assets grew 4.8% year-over-year to $1.32 billion, while net loans increased 3.1% to $1.07 billion.
Total deposits increased 7.0% year-over-year to $1.12 billion, and total equity rose $7.0 million to $104.9 million.
Net interest income for the third quarter of 2025 increased by $665,000 to $12.4 million, driven by gains in Wealth Management sales.
The company completed a tender offer purchasing over 56,000 shares at an average price of $44.09, below the tangible book value of $51.36 per share.
CEO Joseph R. Williams noted that upstream capital was leveraged to purchase prudent investments expected to support earnings in 2025 and beyond.