Book/Share of CNB Financial Corporation
The book value of a company is the value of its assets according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or impairment costs made against the asset. Traditionally, a company's book value is its total assets minus intangible assets and liabilities. However, in practice, depending on the source of the calculation, book value may variably include goodwill, intangible assets, or both. The value inherent in its workforce, part of the intellectual capital of a company, is always ignored. The book value of a company may be also referred as with the term net asset value.
The book value per share is the the balance sheet equity value divided by the number of shares outstanding at the date of the balance sheet. Book value per share can be used to generate a measure of comprehensive earnings, when the opening and closing values are reconciled. The sale of shares/units by a business increases the total book value. Book value per share will increase if the additional shares are issued at a price higher than the pre-existing book value per share. The purchase of its own shares by a business will decrease total book value. Book value per share will decrease if more is paid for them than was received when originally issued. Dividends paid out will decrease book value per share value.
Book/Share of companies in the Finance sector on NASDAQ compared to CNB Financial Corporation
CNB Financial Corporation operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers. The company's principal products and services comprise checking, savings, and time deposit accounts; and real estate, commercial, industrial, residential, and consumer loans. It also offers various other specialized financial services; and trust and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans, as well as a range of wealth management services. In addition, the company, through its other subsidiaries, maintains investments in debt and equity securities; provides credit life and disability insurance products; sells nonproprietary annuities and other insurance products; and offers small balance unsecured and secured loans that are primarily collateralized by automobiles and equipment. As of February 14, 2017, the company operated 32 full-service offices and 1 loan production office in Pennsylvania and northeast Ohio; 9 full-service offices and 1 loan production office in central Ohio; and 1 loan production office in Buffalo, New York. CNB Financial Corporation was founded in 1865 and is headquartered in Clearfield, Pennsylvania.
- CNB Financial Corporation, 1 South Second Street, Clearfield 16830, United States