Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 232

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 232
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655 $73,413 Less: core deposit intangible amortization16 19 33 39 Adjusted non-interest expense (non-GAAP)$39,601 $35,970 $80,622 $73,374 Non-interest income$9,008 $8,865 $17,515 $17,820 Net interest income$52,197 $45,717 $100,628 $90,939 Less: tax exempt investment and loan income, net of TEFRA (non-GAAP)1,451 1,318 2,915 2,655 Add: tax exempt investment and loan income (fully tax equivalent basis) (non-GAAP)2,046 1,902 4,122 3,834 Adjusted net interest income (fully tax equivalent basis) (non-GAAP)52,792 46,301 101,835 92,118 Adjusted net revenue (fully tax equivalent basis) (non-GAAP)$61,800 $55,166 $119,350 $109,938 Efficiency ratio (fully tax equivalent basis) (non-GAAP)64.08 %65.20 %67.55 %66.74 %Adjusted calculation of efficiency ratio (fully tax equivalent basis) (non-GAAP):Adjusted non-interest expense (non-GAAP)$39,601 $35,970 $80,622 $73,374 Less: Merger costs (non-GAAP)357 — 1,886 — Adjusted non-interest expense (non-GAAP)$39,244 $35,970 $78,736 $73,374 Adjusted net revenue (fully tax equivalent basis) (non-GAAP)$61,800 $55,166 $119,350 $109,938 Adjusted efficiency ratio (fully tax equivalent basis) (non-GAAP)63.50 %65.20 %65.97 %66.74 %

76

NON-GAAP FINANCIAL MEASURES (continued)

(unaudited)(unaudited)Three Months EndedSix Months EndedJune 30,June 30,2025202420252024Calculation of net interest margin:Interest income$85,771 $80,652 $168,150 $158,557 Interest expense33,574 34,935 67,522 67,618