Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 234

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 234
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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.

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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 participating securities172 174 144 165 Weighted average shares20,881 20,831 20,874 20,827 Basic earnings per common share$0.61 $0.57 $1.11 $1.12 Diluted earnings per common share computation:Net income available to common shareholders allocated to common stock$12,761 $11,781 $23,088 $23,215 Weighted average common shares outstanding for basic earnings per common share20,881 20,831 20,874 20,827 Add: Dilutive effect of stock compensation72 62 65 63 Weighted average shares and dilutive potential common shares20,953 20,893 20,939 20,890 Diluted earnings per common share$0.61 $0.56 $1.10 $1.11 Adjusted