Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 100

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 100
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 additional paid in capital related to the Merger of $202.6 million, a decrease in accumulated other comprehensive loss, primarily from the after-tax impact of temporary unrealized valuation changes in the Corporation's available-for-sale investment portfolio, and growth in earnings, partially offset by the payment of common and preferred stock dividends to shareholders.

The Corporation has complied with the standards of capital adequacy mandated by government regulations. Bank regulators have established "risk-based" capital requirements designed to measure capital adequacy. Risk-based capital ratios reflect the relative risks of various assets banks hold in their portfolios. A weight category (0% for the lowest risk assets and increasing for each tier of higher risk assets) is assigned to each asset on the balance sheet.

As of September 30, 2025, all of the Corporation's capital ratios exceeded regulatory "well-capitalized" levels. The Corporation's capital ratios and book value per common share at September 30, 2025 and December 31, 2024 were as follows:

September 30, 2025December 31, 2024Total risk-based ratio13.97 %16.16 %Tier 1 risk-based ratio11.67 %13.41 %Common equity tier 1 ratio10.48 %11.76 %Tier 1 leverage ratio9.34 %10.43 %Common shareholders' equity/total assets9.53 %8.93 %Tangible common equity/tangible assets (1)8.10 %8.28 %Tangible common equity/tangible assets (excluding merger transaction related expenses) (1)8.32 %8.28 %Book value per common share$26.68 $26.34 Book value per common share (excluding merger transaction related expenses) (1)$27.30 $26.34 Tangible book value per common share (1)$22.32 $24.24 Tangible book value per common share (excluding merger transaction related expenses) (1)$22.94 $24.24 

(1) Tangible common equity, tangible assets, book value per common share (excluding merger transaction related expenses), and tangible book value per common share are non-GAAP financial measures calculated using GAAP amounts. Tangible common equity is calculated by excluding the balance of goodwill and other intangible assets and preferred equity from the calculation of shareholders' equity. Tangible assets is calculated by excluding the balance of goodwill and other intangible