Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 108

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 108
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 common (non-GAAP):Net income available to common shareholders$12,881 $11,882 $23,287 $23,407 Add: Merger costs, net of tax (non-GAAP)357 — 1,844 — Adjusted net income available to common shareholders (non-GAAP):$13,238 $11,882 $25,131 $23,407 

74

NON-GAAP FINANCIAL MEASURES (continued)

(unaudited)(unaudited)June 30,December 31,20252024Calculation of tangible book value per common share and tangible common equity/tangible assets (non-GAAP):Shareholders' equity$637,281 $610,695 Less: preferred equity57,785 57,785 Common shareholders' equity579,496 552,910 Less: goodwill and other intangibles43,874 43,874 Less: core deposit intangible173 206 Tangible common equity (non-GAAP)$535,449 $508,830 Total assets$6,318,477 $6,192,010 Less: goodwill and other intangibles43,874 43,874 Less: core deposit intangible173 206 Tangible assets (non-GAAP)$6,274,430 $6,147,930 Ending shares outstanding21,119,894 20,987,992 Book value per common share (GAAP)$27.44 $26.34 Tangible book value per common share (non-GAAP)$25.35 $24.24 Common shareholders' equity / Total assets (GAAP)9.17 %8.93 %Tangible common equity / Tangible assets (non-GAAP)8.53 %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,