Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 216

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 216
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 on the balance sheet.

As of June 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 June 30, 2025 and December 31, 2024 were as follows:

June 30, 2025December 31, 2024Total risk-based ratio16.14 %16.16 %Tier 1 risk-based ratio13.38 %13.41 %Common equity tier 1 ratio11.78 %11.76 %Tier 1 leverage ratio10.42 %10.43 %Common shareholders' equity/total assets9.17 %8.93 %Tangible common equity/tangible assets (1)8.53 %8.28 %Tangible common equity/tangible assets (excluding merger costs) (1)8.56 %8.28 %Book value per common share$27.44 $26.34 Book value per common share (excluding merger costs) (1)$27.53 $26.34 Tangible book value per common share (1)$25.35 $24.24 Tangible book value per common share (excluding merger costs) (1)$25.44 $24.24 

(1) Tangible common equity, tangible assets, book value per common share (excluding merger costs), 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 assets from the calculation of total assets. Tangible book value per common share is calculated by dividing tangible common equity by the number of shares outstanding. The Corporation believes that these non-GAAP financial measures provide information to investors that is useful in understanding its financial condition. Because not all companies use the same calculation of tangible common equity and tangible assets, this presentation may not be comparable to other similarly titled measures calculated by other companies. A reconciliation of these non-GAAP financial measures is provided in the "Non-GAAP Financial Measures" section in Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. 

At June 30, 2025, the Corporation's pre-tax net unrealized losses on available-for-sale and held-to