Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 2

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 2
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NON-INTEREST INCOME:Service charges on deposit accounts1,714 1,694 Other service charges and fees510 695 Wealth and asset management fees1,796 1,802 Net realized and unrealized gains (losses) on equity securities(249)191 Mortgage banking96 196 Bank owned life insurance760 767 Card processing and interchange income2,107 2,016 Other non-interest income1,773 1,594 Total non-interest income8,507 8,955 NON-INTEREST EXPENSES:Compensation and benefits20,564 18,787 Net occupancy expense4,038 3,640 Technology expense5,378 5,072 State and local taxes1,292 1,143 Legal, professional, and examination fees849 1,172 Advertising514 685 FDIC insurance premiums985 990 Card processing and interchange expenses1,160 1,179 Merger costs1,529 — Other non-interest expenses4,729 4,756 Total non-interest expenses41,038 37,424 INCOME BEFORE INCOME TAXES14,344 15,433 INCOME TAX EXPENSE 2,863 2,833 NET INCOME11,481 12,600 PREFERRED STOCK DIVIDENDS1,075 1,075 NET INCOME AVAILABLE TO COMMON SHAREHOLDERS$10,406 $11,525 AVERAGE COMMON SHARES OUTSTANDING:Basic20,866,970 20,823,766 Diluted20,925,388 20,887,088 PER COMMON SHARE DATA:Basic Earnings Per Common Share$0.50 $0.55 Diluted Earnings Per Common Share$0.50 $0.55 Cash Dividends Declared$0.180 $0.175 

See Notes to Condensed Consolidated Financial Statements

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited)

Dollars in thousands

Three Months Ended March 31, 20252024NET INCOME$11,481 $12,600 Other comprehensive income (loss), net of tax:Net change in debt securities:Unrealized holding gains (losses) on available-for-sale securities arising during the period, net of tax of