Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 206

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 206
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 cash used in investing activities(20)(36,745)(32)Cash flows from financing activities:Dividends paid on common stock(14,912)(14,694)(12,557)Dividends paid on preferred stock(4,302)(4,302)(4,302)Purchase of treasury stock(1,003)(6,858)(1,707)Net proceeds from issuance of common stock— — 94,051 Net cash provided by financing activities(20,217)(25,854)75,485 Net (decrease) increase in cash275 (42,405)95,797 Cash beginning of year100,427 142,832 47,035 Cash end of year$100,702 $100,427 $142,832 

20.  Earnings Per Share

The computation of basic and diluted earnings per common share is shown below. There were no anti-dilutive stock options for the years ended December 31, 2024, 2023, and 2022. Years Ended December 31, 202420232022Basic earnings per common share computationNet income per consolidated statements of income$50,273 $53,718 $58,886 Net earnings allocated to participating securities(388)(283)(229)Net earnings allocated to common stock$49,885 $53,435 $58,657 Distributed earnings allocated to common stock$14,785 $14,607 $12,508 Undistributed earnings allocated to common stock35,100 38,828 46,149 Net earnings allocated to common stock$49,885 $53,435 $58,657 Weighted average common shares outstanding, including shares considered participating securities20,993 21,010 18,057 Less: Average participating securities(155)(106)(70)Weighted average shares20,838 20,904 17,987 Basic earnings per common share$2.39 $2.56 $3.26 Diluted earnings per common share computationNet earnings allocated to common stock$49,885 $53,435 $58,657 Weighted average common shares outstanding for basic earnings per common share20,838 20,904 17,987 Add: Dilutive effects of performance based-shares62 40 33 Weighted average shares and dilutive potential common shares20,900 20,944