Profit margin of CNB Financial Corporation
Profit margin is calculated with the selling price (or revenue) taken as base times 100. It is the percentage of selling price that is turned into profit. Profit percentages are calculated to find the ratio of profit to cost of an investment. Profit margin is an indicator of a company's pricing strategies and how well it controls costs. Differences in competitive strategy and product mix cause the profit margin to vary among different companies. The profit margin is used mostly for internal comparisons. It is difficult to accurately compare the net profit ratio for different entities. Individual businesses' operating and financing arrangements vary so much that different entities are bound to have different levels of expenditure, so that comparison of one with another can have little meaning. A low profit margin indicates a low margin of safety: higher risk that a decline in sales will erase profits and result in a net loss, or a negative margin.
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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