Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 7

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 7
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IVITIES(135,110)(15,739)CASH FLOWS FROM FINANCING ACTIVITIES:Net increase in checking, money market and savings accounts68,701 104,241 Net increase in certificates of deposit27,017 7,854 Purchase of treasury stock(332)(652)Cash dividends paid, common stock(7,579)(7,355)Cash dividends paid, preferred stock(2,150)(2,150)NET CASH PROVIDED BY FINANCING ACTIVITIES85,657 101,938 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS(17,624)109,099 CASH AND CASH EQUIVALENTS, Beginning443,035 222,046 CASH AND CASH EQUIVALENTS, Ending$425,411 $331,145 

6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (continued)

Dollars in thousands

Six Months Ended June 30,20252024SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash paid during the period for:Interest$65,794 $64,316 Income taxes3,700 5,298 SUPPLEMENTAL NONCASH DISCLOSURES:Transfers to other real estate owned$424 $275 Transfers from loans held for sale to loans held for investment317 1,239 Transfers from loans held for investment to loans held for sale— 438 Grant of restricted stock awards from treasury stock2,654 3,025 Grant of performance based restricted stock awards from treasury stock167 179 Restricted stock forfeiture220 100 Lease liabilities arising from obtaining right-of-use assets— 442 

See Notes to Condensed Consolidated Financial Statements

7

CNB FINANCIAL CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

1.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND DISCLOSURE RULES

Nature of OperationsCNB Financial Corporation (the "Corporation") is headquartered in Clearfield, Pennsylvania, and provides a full range of banking and related services through its wholly owned subsidiary, CNB Bank (the "Bank"). In addition, the Bank provides wealth and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit