SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) ofthe
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
April 19, 2005

CNB FINANCIAL CORPORATION
(Exact name of Registrant as specified in its Charter)

Pennsylvania	2-88511	25-1450605
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification Number)

County National Bank
1 South Second Street
PO Box 42
Clearfield, Pennsylvania 16830
(Address of principal executive offices)

        Registrant’s telephone number, including area code: (814) 765-9621

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 2.02.   Results of Operations and Financial Condition

        CNB Financial Corporation, the parent company of County National Bank, today announced reported earnings for the quarter ended March 31, 2005.

         (a)       Financial Statements: None

         (b)       Exhibits:

Exhibit 99 News Release announcing first quarter earnings.

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SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

         CNB Financial Corporation

Date: April 19, 2005 By: /s/ Joseph B. Bower, Jr.
            Joseph B. Bower, Jr.
            Treasurer

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Exhibit Index

Number                      Description

Exhibit 99                              News Release announcing first quarter earnings

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Exhibit 99

News Release

     CCNE
        NASDAQ
        L I S T E D Contact: Joseph B. Bower, Jr.
               Treasurer
               (814) 765-9621

FOR IMMEDIATE RELEASE

CNB FINANCIAL CORPORATION REPORTS FIRST QUARTER EARNINGS FOR 2005
Clearfield, Pennsylvania – April, 2005

CNB Financial Corporation, the parent company of County National Bank, today announced reported earnings of $2.0 million or $0.22 diluted earnings per share for the quarter ended March 31, 2005, compared to $2.0 million or $0.22 diluted earnings per share for the first quarter of 2004.

Annualized return on average equity for the quarter ended March 31, 2005 was 12.56 percent compared to 13.09 percent in the year ago quarter. Annualized return on average assets was 1.16 percent in the quarter ended March 31, 2005, compared with 1.16 percent in the first quarter of 2004.

William F. Falger, President and Chief Executive Officer, commented, “The Corporation experienced several one-time expenses in the first two months of the year that kept earnings growth to a minimum. However, the month of March reflected very positive earnings and are indicative of monthly earnings going forward for the remainder of 2005.”

Financial Highlights (in thousands)                                                          (Unaudited)                                    (Unaudited)

Consolidated Balance Sheets                                                                      31-Mar-05           31-Dec-04             31-Mar-04
                                                                                                                      Consolidated     Consolidated        Consolidated

Assets
Cash and due from banks	$	13,299		$	14,296		$	13,856
Interest-bearing deposits		9,165			15,616			8,902
CASH & CASH EQUIVALENTS		22,464			29,912			22,758
Securities available for sale		177,251			164,202			170,611
NET LOANS		475,487			476,352			464,915
FHLB & Federal Reserve Stock		4,363			4,792			4,697
Premises & Equipment, Net		14,161			13,761			12,814
Bank Owned Life Insurance		13,363			13,182			12,807
Intangible, net		11,776			11,862			12,129
Accrued Interest & Other Assets		11,339			11,154			11,540
TOTAL ASSETS	$	730,204		$	725,217		$	712,271
Liabilities
Deposits
Non-interest bearing deposits	$	72,909		$	71,968		$	67,055
Interest bearing deposits		529,411			524,937			517,629
TOTAL DEPOSITS
		602,320			596,905			584,684
Short-term borrowings		2,000			2,000			1,993
Federal Home Loan Bank Advances		40,000			40,000			40,000
Subordinated Debentures		10,310			10,310			10,310
Accrued expenses and other liab		7,306			7,292			7,071
TOTAL LIABILITIES
		661,936			656,507			644,058
Shareholders' Equity
Common stock, $1 par value		9,234			9,234			3,694
Additional paid-in		4,142			4,243			4,221
Retained earnings		55,193			54,348			57,622
Treasury stock, 117,924 shares		(1,653	)		(1,797	)		(1,224	)
Accumulated other comprehensive income		1,352			2,682			3,900
TOTAL SHAREHOLDERS' EQUITY
		68,268			68,710			68,213
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	$	730,204		$	725,217		$	712,271
Nonperforming Assets		2,933		$	2,690		$	3,386
% of Total Assets		0.40	%		0.37	%		0.48	%
Trust Assets	$	183,380		$	192,361		$	193,183

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Consolidated Income Statement (Unaudited)                                            Three Months Ended  Three Months Ended
                                                                                                                                      March 31, 2005             March 31, 2004

Interest Income
Loans including fees		7,931			7,527
Deposits with banks		66			12
Federal funds sold		83			18
Securities		1,716			1,679
TOTAL INTEREST AND DIVIDENDS		9,796			9,236
Interest Expense
Deposits		2,871			2,628
Federal Home Loan Bank advances		508			510
Subordinated Debentures		151			118
Total interest expense		3,530			3,256
NET INTEREST INCOME		6,266			5,980
Provision for loan losses		167			300
NET INTEREST AFTER PROVISION		6,099			5,680
Other Income
Trust income		220			248
Service charges on deposits		885			850
Other charges and fees		132			128
Realized security gains		--			169
Gain on sale of loans		34			23
Gain on sale of loans
BOLI		181			126
Wealth Management		93			37
Other		31			129
TOTAL OTHER INCOME		1,576			1,710
Non-Interest Expenses
Salaries		1,878			1,817
Benefits		764			710
Occupancy, net		702			679
Data Processing		391			363
Amortization of intangible		128			129
Director's Fees		128			103
Total other expenses		1,119			1,023
Total non-interest expenses		5,110			4,824
NET INCOME BEFORE TAXES		2,565			2,566
Federal income tax		518			551
NET INCOME	$	2,047		$	2,015
Earnings Per Share, Fully diluted	$	0.22		$	0.22
Dividends Per Share	$	0.13		$	0.13
Return on Average Assets (ROA)		1.16	%		1.16	%
Return on Average Equity (ROE)		12.56	%		13.09	%

Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic competitive conditions; and other risks and uncertainties.

County National Bank’s website is www.bankcnb.com.