Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 117

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 117
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-GAAP)67,845 48,136 169,680 140,255 Adjusted net revenue (fully tax equivalent basis) (non-GAAP)$78,411 $59,109 $197,761 $169,048 Efficiency ratio (fully tax equivalent basis) (non-GAAP)62.97 %65.58 %65.74 %66.34 %Adjusted calculation of efficiency ratio (fully tax equivalent basis) (non-GAAP):Adjusted non-interest expense (non-GAAP)$49,377 $38,766 $129,999 $112,140 Less: merger and integration costs (non-GAAP)4,155 — 6,041 — Adjusted non-interest expense (non-GAAP)$45,222 $38,766 $123,958 $112,140 Adjusted net revenue (fully tax equivalent basis) (non-GAAP)$78,411 $59,109 $197,761 $169,048 Adjusted efficiency ratio (fully tax 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,