CNB gross margin

Gross margin of CNB Financial Corporation

N/A
Gross margin is the difference between revenue and cost of goods sold, divided by revenue, and expressed as a percentage.

Gross margin is a type of profit margin, specifically a form of profit divided by net revenue. It is generally calculated as the selling price of an item, minus the cost of goods sold (production or acquisition costs, not including indirect fixed costs like rent, or administrative costs). The purpose of margins is to give a description of the gross profit.


About 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.

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