Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 205

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 205
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 INCOMEYear Ended December 31,Income:202420232022Dividends from:Bank subsidiary$22,185 $22,295 $21,225 Non-bank subsidiaries1,320 1,325 1,431 Other201 240 198 Total income23,706 23,860 22,854 Expenses(7,035)(7,084)(6,112)Income before income taxes and equity in undistributed net income of subsidiaries:16,671 16,776 16,742 Change in net unrealized holdings (losses) on equity securities not held for trading(290)(722)(132)Income tax benefit1,513 1,606 1,422 Equity in undistributed net income of bank subsidiary34,755 38,702 43,846 Equity in undistributed (distributions in excess) of net income of non-bank subsidiaries1,926 1,658 1,310 Net income54,575 58,020 63,188 Dividends on preferred stock(4,302)(4,302)(4,302)Net income available to common stockholders$50,273 $53,718 $58,886 Comprehensive income attributable to the parent$54,575 $58,020 $63,613  

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CONDENSED STATEMENTS OF CASH FLOWSYear Ended December 31, 202420232022 Net incomeAdjustments to reconcile net income to net cash provided by$54,575 $58,020 $63,188 Operating activities:Equity in undistributed net income of bank subsidiary(34,755)(38,702)(43,846)(Equity in undistributed) distributions in excess of net income of non–bank subsidiaries(1,926)(1,658)(1,310)Net realized and unrealized (gains) losses on equity securities(290)700 132 Increase (decrease) in other assets174 (230)609 Increase in other liabilities2,734 2,064 1,571 Net cash provided by operating activities20,512 20,194 20,344 Cash flows from investing activities:Purchase of equity securities(20)(41)(32)Sales and maturities of equity securities with readily determinable fair value— 296 — Investment in bank subsidiaries— (37,000)— Net