CNB COMMUNITY BANCORP, INC. REPORTS SECOND QUARTER 2022 RESULTS
Earnings during the second quarter of 2022 totaled $2.9 million, a decrease of $369,000 or 11.2% compared to the $3.3 million earned during the three months ended June 30, 2021.
- Earnings during the second quarter of 2022 totaled $2.9 million, a decrease of $369,000 or 11.2% compared to the $3.3 million earned during the three months ended June 30, 2021.
- Basic earnings per share for CNB Community Bancorp, Inc. (the "Company") decreased to $1.36 during the three months ended June 30, 2022, down $0.19 from $1.55 for the second quarter of 2021.
- The annualized return on average equity (ROE) decreased to 14.4% for the current quarter, down from 17.6% for the second quarter of 2021.
- Net income decreased $369,000, 11.2%, to $2.9 million in the second quarter of 2022 and basic EPS decreased $0.19, or 12.3%, to $1.36 from $1.55 in the second quarter of 2021.