CNB Financial Corporation

AI-generated fair value estimate for this company.

Method: 10-year residual income model on book value: $31.03 book value per share; 8.5% return on equity (net income to common divided by equity); 24.1% dividend payout ratio (implying ~6.5% book-value growth years 1-5, decaying to ~3.2% years 6-10); 9.5% cost of equity; 3% terminal growth.

Reasoning: CNB Financial is a regional bank whose recent revenue and earnings surge was driven largely by an acquisition that expanded its equity base faster than near-term earnings, temporarily depressing ROE relative to its cost of equity; the residual-income model values the bank below book value until that ROE gap narrows, a more rigorous reflection of current fundamentals than extrapolating the recent growth rate.