Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 6

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 6
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 Restricted stock award grants (130,857 shares)(3,025)3,025 — Performance based restricted stock award grants (9,667 shares)(179)179 — Stock-based compensation expense1,836 1,836 Purchase of treasury stock (23,988 shares)(441)(441)Purchase of treasury stock for the purpose of tax withholding related to restricted stock award vesting (7,421 shares)(158)(158)Purchase of treasury stock for the purpose of tax withholding related to performance based restricted stock award vesting (2,518 shares)(54)(54)Preferred cash dividend declared(3,226)(3,226)Cash dividends declared ($0.530 per common share)(11,134)(11,134)Balance, September 30, 2024$57,785 $219,304 $371,086 $(4,516)$(37,296)$606,363 

5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

Dollars in thousands

Nine Months Ended September 30, 20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net income$32,482 $39,511 Adjustments to reconcile net income to net cash provided by operations:Provision for credit loss expense24,350 6,292 Depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights7,089 5,861 Accretion of securities, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income(8,211)(3,516)Net amortization of deferred costs on borrowings228 228 Net realized (gains) losses on sales of available-for-sale securities(397)9 Net realized and unrealized gains on equity securities(982)(767)(Gain) loss on sale of loans held for sale262 (506)Net (gains) losses on dispositions of premises and equipment and foreclosed assets(158)54 Proceeds from sale of loans receivable17,738 19,157 Origination of loans held for sale(17,293)(19,702)Income on bank owned life insurance(2,531)(2,326)Gain on bank owned life insurance (death benefit proceeds in excess of cash surrender value)(180)— Restricted stock compensation expense1,891 1,836 Change in: