Demonstrações financeiras detalhadas de CNB Financial Corporation (CCNE): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
CNB Financial Corporation registou receitas de $404.9M no último exercício, com um CAGR de 5 anos de 16.1%. O lucro líquido atingiu $66.1M, com CAGR de 5 anos de 15.1%.
Margens dos últimos 12 meses: margem bruta 64.7%, margem operacional 23.3%, margem líquida 20.5%. O fluxo de caixa livre cresceu a CAGR de 20.5% em 5 anos.
Ao preço atual de $34.04, CCNE negocia a um P/L de 10.64 e um ROE de 10.93%. A capitalização de mercado é de $1.0B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $110.1M | $127.7M | $149.8M | $178.8M | $192.1M | $209.2M | $243.7M | $322.0M | $360.0M | $404.9M |
| Custo da Receita | $17.2M | $24.0M | $33.0M | $45.6M | $47.8M | $25.8M | $32.7M | $109.9M | $147.2M | $159.2M |
| Lucro Bruto | $92.9M | $103.6M | $116.7M | $133.3M | $144.3M | $183.4M | $211.0M | $212.1M | $212.8M | $245.7M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $42.9M | $44.5M | $51.1M | $49.8M | $53.1M | $65.8M | $77.1M | $78.1M | $80.8M | $7.3M |
| Despesas Operacionais | $65.2M | $67.4M | $76.5M | $84.6M | $104.2M | $112.6M | $132.8M | $140.3M | $145.4M | $163.2M |
| Lucro Operacional | $27.7M | $36.3M | $40.2M | $48.6M | $40.1M | $70.8M | $78.2M | $71.8M | $67.4M | $82.5M |
| EBITDA | $32.2M | $41.5M | $45.0M | $54.6M | $46.2M | $77.0M | $84.8M | $79.6M | $75.6M | $93.4M |
| Despesas com Juros | $13.0M | $17.4M | $26.9M | $39.5M | $32.5M | $19.8M | $24.1M | $103.9M | $138.0M | $150.3M |
| Lucro Antes de Impostos | $27.7M | $36.3M | $40.2M | $48.6M | $40.1M | $70.8M | $78.2M | $71.8M | $67.4M | $82.5M |
| Imposto | $7.2M | $12.4M | $6.5M | $8.6M | $7.3M | $13.1M | $15.0M | $13.8M | $12.8M | $16.3M |
| Lucro Líquido | $20.5M | $23.9M | $33.7M | $40.1M | $32.7M | $57.7M | $63.2M | $58.0M | $54.6M | $66.1M |
| LPA | $1.42 | $1.57 | $2.22 | $2.63 | $1.97 | $3.16 | $3.26 | $2.56 | $2.40 | $2.51 |
| LPA Diluído | $1.42 | $1.57 | $2.22 | $2.63 | $1.97 | $3.16 | $3.26 | $2.55 | $2.39 | $2.51 |
| Ações em Circulação (Diluídas) | $14.4M | $15.1M | $15.2M | $15.2M | $16.8M | $16.8M | $21.0M | $20.9M | $20.9M | $24.7M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $117.9M | $112.5M | $112.0M | $127.0M |
| Lucro Bruto | $57.9M | $86.7M | $73.3M | $85.9M |
| Lucro Operacional | $9.1M | $41.8M | $23.1M | $35.2M |
| EBITDA | $12.3M | $45.6M | $24.1M | $39.0M |
| Lucro Líquido | $7.0M | $33.6M | $27.0M | $28.3M |
| LPA | $0.22 | $1.11 | $0.88 | $0.92 |
| LPA Diluído | $0.20 | $1.10 | $0.88 | $0.92 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $29.2M | $35.3M | $45.6M | $193.0M | $532.7M | $732.2M | $106.3M | $221.9M | $443.0M | $527.9M |
| Investimentos de Curto Prazo | $495.8M | $409.7M | $516.9M | $542.3M | $584.9M | $697.2M | $371.4M | $342.0M | $403.5M | $415.0M |
| Contas a Receber | $23.3M | $20.4M | $24.3M | $24.9M | $37.4M | $40.7M | $62.1M | 0 | 0 | 0 |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $548.3M | $465.5M | $586.7M | $760.2M | $1.15B | $1.47B | $539.8M | $564.0M | $846.5M | $942.9M |
| Imobilizado | $49.5M | $50.7M | $49.9M | $73.3M | $78.5M | $81.6M | $100.8M | $109.4M | $128.7M | $148.5M |
| Ágio | $38.7M | $38.7M | $38.7M | $38.7M | $43.7M | $43.7M | $43.7M | $43.9M | $43.9M | $88.5M |
| Ativos Intangíveis | $4.2M | $3.0M | $2.2M | $1.7M | $2.1M | $2.1M | $2.2M | $1.8M | $1.5M | $36.3M |
| Ativos Totais | $2.57B | $2.77B | $3.22B | $3.76B | $4.73B | $5.33B | $5.48B | $5.75B | $6.19B | $8.40B |
| Contas a Pagar | $30.4M | $29.1M | $32.2M | $38.5M | $41.4M | $45.0M | $51.3M | 0 | 0 | 0 |
| Dívida de Curto Prazo | $104.0M | $34.4M | $245.1M | $227.9M | 0 | 0 | $264.8M | 0 | 0 | $164.0M |
| Passivos Circulantes | $2.15B | $2.23B | $2.89B | $3.37B | $4.22B | $4.76B | $4.94B | $5.00B | $5.37B | $7.19B |
| Dívida de Longo Prazo | $203.7M | $293.6M | $70.6M | $70.6M | $70.6M | $104.3M | $104.6M | $104.9M | $105.2M | $105.5M |
| Passivos Totais | $2.36B | $2.52B | $2.96B | $3.46B | $4.31B | $4.89B | $4.94B | $5.18B | $5.58B | $7.52B |
| Reservas | $134.3M | $148.3M | $171.8M | $201.5M | $218.7M | $260.6M | $306.9M | $345.9M | $381.3M | $424.9M |
| Patrimônio Líquido | $211.8M | $243.9M | $262.8M | $305.0M | $416.1M | $442.8M | $530.8M | $571.2M | $610.7M | $872.1M |
| Dívida Total | $307.6M | $328.0M | $315.7M | $317.9M | $90.1M | $125.4M | $403.1M | $142.5M | $145.5M | $313.2M |
| Dívida Líquida | -$217.4M | -$117.1M | -$246.7M | -$417.4M | -$1.03B | -$1.30B | -$74.6M | -$421.5M | -$701.0M | -$629.7M |
| Capital de Giro | -$1.60B | -$1.77B | -$2.30B | -$2.61B | -$3.07B | -$3.29B | -$4.40B | -$4.43B | -$4.52B | -$6.25B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $438.1M | $527.9M | $78.7M | $86.6M |
| Ativos Totais | $8.25B | $8.40B | $8.51B | $8.43B |
| Passivos Totais | $7.41B | $7.52B | $7.63B | $7.52B |
| Patrimônio Líquido | $844.2M | $872.1M | $889.1M | $909.4M |
| Dívida Total | $331.1M | $313.2M | $330.7M | $280.3M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $20.5M | $23.9M | $33.7M | $40.1M | $32.7M | $57.7M | $63.2M | $58.0M | $54.6M | $66.1M |
| Depreciação e Amortização | $4.5M | $5.2M | $4.8M | $6.0M | $6.1M | $6.2M | $6.6M | $7.7M | $8.3M | $10.9M |
| Compensação em Ações | $820000 | $928000 | $1.5M | $1.3M | $1.4M | $1.5M | $1.3M | $1.7M | $2.2M | $2.7M |
| Variação Capital de Giro | -$1.8M | -$477000 | $1.5M | $4.7M | -$10.1M | $6.7M | $507000 | -$20.1M | $7.9M | -$10.0M |
| Fluxo de Caixa Operacional | $26.8M | $30.8M | $44.9M | $51.9M | $28.8M | $58.9M | $64.1M | $47.0M | $71.5M | $65.0M |
| CapEx | -$10.1M | -$5.2M | -$3.1M | -$9.0M | -$5.6M | -$6.5M | -$12.3M | -$11.0M | -$16.3M | -$6.3M |
| Aquisições | -$2.9M | $1.1M | 0 | 0 | $72.9M | 0 | 0 | 0 | 0 | $27.4M |
| Recompra de Ações | -$44000 | -$1.9M | -$2.5M | -$1.3M | -$1.3M | -$1.2M | -$1.7M | -$6.7M | -$643000 | -$333000 |
| Dividendos Pagos | -$9.5M | -$10.1M | -$10.2M | -$10.4M | -$12.1M | -$15.9M | -$16.9M | -$19.0M | -$19.2M | -$22.5M |
| Fluxo de Caixa Livre | $16.6M | $25.5M | $41.8M | $42.9M | $23.1M | $52.4M | $51.8M | $36.1M | $55.2M | $58.7M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $7.0M | $26.1M | $19.2M | $36.9M |
| CapEx | -$2.1M | -$129000 | -$362000 | -$922000 |
| Fluxo de Caixa Livre | $4.9M | $26.0M | $18.8M | $36.0M |
| Dividendos Pagos | -$6.4M | -$6.4M | -$6.7M | -$6.7M |
| Compensação em Ações | $791000 | $778000 | $791000 | $1.0M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +15.9% | +17.3% | +19.4% | +7.4% | +8.9% | +16.5% | +32.1% | +11.8% | +12.5% |
| Crescimento Lucro Líquido (anual) | | +16.2% | +41.3% | +18.9% | -18.3% | +76.2% | +9.5% | -8.2% | -5.9% | +21.2% |
| Crescimento LPA (anual) | | +10.6% | +41.4% | +18.5% | -25.1% | +60.4% | +3.2% | -21.5% | -6.3% | +4.6% |
| Variação de Ações (anual) | | +5.3% | +0.5% | -0.3% | +11.0% | -0.1% | +24.9% | -0.3% | -0.2% | +18.0% |
| Crescimento FCF (anual) | | +53.5% | +63.6% | +2.6% | -46.1% | +126.9% | -1.3% | -30.4% | +53.2% | +6.2% |
| Margem Bruta | 84.4% | 81.2% | 77.9% | 74.5% | 75.1% | 87.7% | 86.6% | 65.9% | 59.1% | 60.7% |
| Margem Operacional | 25.2% | 28.4% | 26.9% | 27.2% | 20.9% | 33.8% | 32.1% | 22.3% | 18.7% | 20.4% |
| Margem EBITDA | 29.2% | 32.5% | 30.1% | 30.5% | 24.0% | 36.8% | 34.8% | 24.7% | 21.0% | 23.1% |
| Margem Líquida | 18.7% | 18.7% | 22.5% | 22.4% | 17.0% | 27.6% | 25.9% | 18.0% | 15.2% | 16.3% |
| Margem FCF | 15.1% | 20.0% | 27.9% | 24.0% | 12.0% | 25.1% | 21.2% | 11.2% | 15.3% | 14.5% |
| Taxa Efetiva de Imposto | 25.9% | 34.2% | 16.2% | 17.6% | 18.3% | 18.5% | 19.2% | 19.2% | 19.0% | 19.8% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $1.16 | $1.69 | $2.75 | $2.83 | $1.37 | $3.12 | $2.46 | $1.72 | $2.64 | $2.38 |
| Dividendo por Ação | $0.66 | $0.67 | $0.67 | $0.68 | $0.72 | $0.94 | $0.80 | $0.91 | $0.92 | $0.91 |
| Ações em Circulação (Básicas) | $14.4M | $15.1M | $15.2M | $15.2M | $16.8M | $16.8M | $21.0M | $20.9M | $20.8M | $24.7M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 10.93% |
| Retorno sobre capital investido | 1.04% |
| Retorno sobre ativos | 1.14% |
| Margem bruta | 64.73% |
| Margem operacional | 23.26% |
| Margem líquida | 20.46% |
Saúde financeira
| Dívida / Patrimônio | 0.31 |
| Liquidez corrente | 0.72 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 18.83 | 16.71 | 10.34 | 12.43 | 10.81 | 8.39 | 7.30 | 8.82 | 10.36 | 10.43 |
| P/VP | 1.81 | 1.63 | 1.33 | 1.62 | 0.86 | 1.01 | 0.94 | 0.83 | 0.85 | 0.74 |
| P/V | 3.49 | 3.11 | 2.33 | 2.77 | 1.87 | 2.13 | 2.05 | 1.47 | 1.44 | 1.59 |
| Margem Bruta | 84.4% | 81.2% | 77.9% | 74.5% | 75.1% | 87.7% | 86.6% | 65.9% | 59.1% | 60.7% |
| Margem Operacional | 25.2% | 28.4% | 26.9% | 27.2% | 20.9% | 33.8% | 32.1% | 22.3% | 18.7% | 20.4% |
| Margem Líquida | 18.7% | 18.7% | 22.5% | 22.4% | 17.0% | 27.6% | 25.9% | 18.0% | 15.2% | 16.3% |