Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 1

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 1
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 issuance costs84,646 84,570 Operating lease liabilities40,030 40,315 Accrued interest payable and other liabilities65,626 64,446 Total liabilities5,671,000 5,581,315 Commitments and contingent liabilitiesPreferred stock, Series A non-cumulative perpetual, $0 par value; $1,000 liquidation preference; shares authorized 60,375;Shares issued 60,375 at March 31, 2025 and December 31, 202457,785 57,785 Common stock, no par value; 50,000,000 shares authorized;Shares issued 21,235,503 at March 31, 2025 and 21,235,503 at December 31, 2024— — Additional paid in capital220,254 219,876 Retained earnings387,925 381,296 Treasury stock, at cost (255,258 shares at March 31, 2025 and 247,511 shares December 31, 2024)(4,944)(4,689)Accumulated other comprehensive loss(36,512)(43,573)Total shareholders’ equity624,508 610,695 Total Liabilities and Shareholders’ Equity$6,295,508 $6,192,010 

See Notes to Condensed Consolidated Financial Statements

1

Table of Contents

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited)

Dollars in thousands, except per share data

Three Months Ended March 31, 20252024INTEREST AND DIVIDEND INCOME:Loans receivable including feesInterest and fees on loans receivable$72,379 $71,513 Securities:Taxable9,745 6,136 Tax-exempt156 167 Dividends99 89 Total interest and dividend income82,379 77,905 INTEREST EXPENSE:Deposits32,634 31,548 Borrowed funds and finance lease liabilities236 3 Subordinated notes and debentures1,078 1,132 Total interest expense33,948 32,683 NET INTEREST INCOME48,431 45,222 PROVISION FOR CREDIT LOSS EXPENSE1,556 1,320 NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSS EXPENSE46,875 43,902