Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 285

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 285
---
 $5,465,140 Net interest margin, fully tax equivalent basis (non-GAAP) (annualized)3.59 %3.34 %3.48 %3.36 %

(unaudited)(unaudited)Three Months EndedSix Months EndedJune 30,June 30,2025202420252024Calculation of PPNR (non-GAAP): (1)Net interest income$52,197 $45,717 $100,628 $90,939 Add: Non-interest income9,008 8,865 17,515 17,820 Less: Non-interest expense39,617 35,989 80,655 73,413 PPNR (non-GAAP)$21,588 $18,593 $37,488 $35,346 Adjusted calculation of PPNR (non-GAAP): (1)Net interest income$52,197 $45,717 $100,628 $90,939 Add: Non-interest income9,008 8,865 17,515 17,820 Less: Non-interest expense39,617 35,989 80,655 73,413 Add: merger costs357 — 1,886 — Adjusted PPNR (non-GAAP)$21,945 $18,593 $39,374 $35,346 (1) Management believes that this is an important metric as it illustrates the underlying performance of the Corporation, it enables investors and others to assess the Corporation's ability to generate capital to cover credit losses through the credit cycle and provides consistent reporting with a key metric used by bank regulatory agencies.

77

NON-GAAP FINANCIAL MEASURES (continued)

(unaudited)(unaudited)Three Months EndedSix Months EndedJune 30,June 30,2025202420252024Basic earnings per common share computation:Net income available to common shareholders$12,881 $11,882 $23,287 $23,407 Less: net income available to common shareholders allocated to participating securities120 101 199 192 Net income available to common shareholders allocated to common stock$12,761 $11,781 $23,088 $23,215 Weighted average common shares outstanding, including shares considered participating securities21,053 21,005 21,018 20,992 Less: average