Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 195

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 195
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 number of common shares outstanding during the applicable period, excluding outstanding participating securities. Diluted earnings per common share is computed using the weighted average number of common shares determined for the basic computation plus the dilutive effect of potential common shares issuable under certain stock compensation plans. For the three and nine months ended September 30, 2025 and 2024, there were no outstanding stock options to include in the diluted earnings per common share calculations.Unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of earnings per common share pursuant to the two-class method. The Corporation has determined that its outstanding non-vested time-based restricted stock awards are participating securities.

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The computation of basic and diluted earnings per common share is shown below:Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Basic earnings per common share computation:Net income per condensed consolidated statements of income$5,969 $12,878 $29,256 $36,285 Net earnings allocated to participating securities(50)(101)(253)(291)Net earnings allocated to common stock$5,919 $12,777 $29,003 $35,994 Distributed earnings allocated to common stock$5,261 $3,746 $12,749 $11,036 Undistributed earnings allocated to common stock658 9,031 16,254 24,958 Net earnings allocated to common stock$5,919 $12,777 $29,003 $35,994 Weighted average common shares outstanding, including shares considered participating securities27,388 20,997 23,165 20,994 Less: Average participating securities(209)(155)(166)(162)Weighted average shares27,179 20,842 22,999 20,832 Basic earnings per common share$0.22 $0.61 $1.26 $1.73 Diluted earnings per common share computation:Net earnings allocated to common stock$5,919 $12,777 $29,003 $35,994 Weighted average common shares outstanding for basic earnings per common share27,179 20,842 22,999 20,832 Add: Dilutive effect of stock compensation101 70 76 64 Weighted average shares and