Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 239

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 239
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 with a key metric used by bank regulatory agencies.

64

(unaudited)Three Months EndedMarch 31,20252024Basic earnings per common share computation:Net income available to common shareholders$10,406 $11,525 Less: net income available to common shareholders allocated to participating securities57 92 Net income available to common shareholders allocated to common stock$10,349 $11,433 Weighted average common shares outstanding, including shares considered participating securities20,981 20,979 Less: average participating securities114 155 Weighted average shares20,867 20,824 Basic earnings per common share$0.50 $0.55 Diluted earnings per common share computation:Net income available to common shareholders allocated to common stock$10,349 $11,433 Weighted average common shares outstanding for basic earnings per common share20,867 20,824 Add: Dilutive effect of stock compensation58 63 Weighted average shares and dilutive potential common shares20,925 20,887 Diluted earnings per common share$0.50 $0.55 Adjusted basic earnings per common share computation (non-GAAP):Net income available to common shareholders$10,406 $11,525 Add: Merger costs, net of tax (non-GAAP)1,487 — Less: net income available to common shareholders allocated to participating securities57 92 Less: Adjustment to net income available to common shareholders allocated to participating securities for merger cost impact, net of tax (non-GAAP)8 — Adjusted net income available to common shareholders allocated to common stock (non-GAAP)$11,828 $11,433 Weighted average common shares outstanding, including shares considered participating securities20,981 20,979 Less: Average participating securities114 155 Weighted average shares20,867 20,824 Adjusted basic earnings per common share (non-GAAP)$0.57 $0.55 Adjusted diluted earnings per common share computation (non-GAAP):Adjusted net income available to common shareholders allocated to common stock (non-GAAP)$11,828 $11,433 Weighted average common shares outstanding for basic earnings per common share20,867 20,824 Add: Dilutive effect of stock compensation58 63 Weighted average shares and dilutive potential common shares20,925 20,887 Adjusted diluted earnings per common share (