Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 248

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 248
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 equivalent basis) (non-GAAP)57.67 %65.58 %62.68 %66.34 %

78

NON-GAAP FINANCIAL MEASURES (continued)

(unaudited)(unaudited)Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Calculation of net interest margin:Interest income$108,645 $83,235 $276,795 $241,792 Interest expense41,516 35,749 109,038 103,367 Net interest income$67,129 $47,486 $167,757 $138,425 Average total earning assets$7,209,366 $5,503,832 $6,281,874 $5,440,145 Net interest margin (GAAP) (annualized)3.69 %3.43 %3.57 %3.40 %Calculation of net interest margin (fully tax equivalent basis) (non-GAAP):Interest income$108,645 $83,235 $276,795 $241,792 Tax equivalent adjustment (non-GAAP)314 240 838 671 Adjusted interest income (fully tax equivalent basis) (non-GAAP)108,959 83,475 277,633 242,463 Interest expense41,516 35,749 109,038 103,367 Net interest income (fully tax equivalent basis) (non-GAAP)$67,443 $47,726 $168,595 $139,096 Average total earning assets$7,209,366 $5,503,832 $6,281,874 $5,440,145 Less: average mark to market adjustment on investments (non-GAAP)(39,121)(51,075)(43,229)(55,134)Adjusted average total earning assets, net of mark to market (non-GAAP)$7,248,487 $5,554,907 $6,325,103 $5,495,279 Net interest margin, fully tax equivalent basis (non-GAAP) (annualized)3.69 %3.42 %3.56 %3.38 %Calculation of net interest margin, excluding purchase accounting loan accretion (fully tax equivalent basis) (non-GAAP)(1):Net interest income (