Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 231

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 231
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%8.28 %Adjusted calculation of book value per common share (non-GAAP):Common shareholders' equity$579,496 $552,910 Add: Merger costs, net of tax (non-GAAP)1,844 — Adjusted common shareholders' equity (non-GAAP)$581,340 $552,910 Ending shares outstanding21,119,894 20,987,992 Adjusted book value per common share (non-GAAP)$27.53 $26.34 Adjusted calculation of tangible book value per common share (non-GAAP):Tangible common equity (non-GAAP)$535,449 $508,830 Add: Merger costs, net of tax (non-GAAP)1,844 — Adjusted tangible common equity (non-GAAP)$537,293 $508,830 Ending shares outstanding21,119,894 20,987,992 Adjusted book value per common share (non-GAAP)$25.44 $24.24 Adjusted calculation of tangible common equity/tangible assets (non-GAAP):Adjusted common shareholders' equity (non-GAAP)$537,293 $508,830 Tangible assets (non-GAAP)$6,274,430 $6,147,930 Add: Merger costs1,886 — Adjusted tangible assets (non-GAAP)$6,276,316 $6,147,930 Adjusted tangible common equity / Adjusted tangible assets (non-GAAP)8.56 %8.28 %

75

NON-GAAP FINANCIAL MEASURES (continued)

(unaudited)(unaudited)Three Months EndedSix Months EndedJune 30,June 30,2025202420252024Calculation of efficiency ratio:Non-interest expense$39,617 $35,989 $80,655 $73,413 Non-interest income$9,008 $8,865 $17,515 $17,820 Net interest income52,197 45,717 100,628 90,939 Total revenue$61,205 $54,582 $118,143 $108,759 Efficiency ratio64.73 %65.94 %68.27 %67.50 %Calculation of efficiency ratio (fully tax equivalent basis) (non-GAAP):Non-interest expense$39,617 $35,989 $80,