Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 236

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 236
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11,525 

(unaudited)(unaudited)March 31,December 31,20252024Calculation of tangible book value per common share and tangible common equity/tangible assets (non-GAAP):Shareholders' equity$624,508 $610,695 Less: preferred equity57,785 57,785 Common shareholders' equity566,723 552,910 Less: goodwill and other intangibles43,874 43,874 Less: core deposit intangible190 206 Tangible common equity (non-GAAP)$522,659 $508,830 Total assets$6,295,508 $6,192,010 Less: goodwill and other intangibles43,874 43,874 Less: core deposit intangible190 206 Tangible assets (non-GAAP)$6,251,444 $6,147,930 Ending shares outstanding20,980,245 20,987,992 Book value per common share (GAAP)$27.01 $26.34 Tangible book value per common share (non-GAAP)$24.91 $24.24 Common shareholders' equity / Total assets (GAAP)9.00 %8.93 %Tangible common equity / Tangible assets (non-GAAP)8.36 %8.28 %Adjusted calculation of book value per common share (non-GAAP):Common shareholders' equity$566,723 $552,910 Add: Merger costs, net of tax (non-GAAP)1,487 — Adjusted common shareholders' equity (non-GAAP)$568,210 $552,910 Ending shares outstanding20,980,245 20,987,992 Adjusted book value per common share (non-GAAP)$27.08 $26.34 Adjusted calculation of tangible book value per common share (non-GAAP):Tangible common equity (non-GAAP)$522,659 $508,830 Add: Merger costs, net of tax (non-GAAP)1,487 — Adjusted tangible common equity (non-GAAP)$524,146 $508,830 Ending shares outstanding20,980,245 20,987,992 Adjusted book value per common share (non-GAAP)$24.98 $24.24 Adjusted calculation of tangible common equity/tangible assets (non-GAAP):Adjusted common shareholders'