Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 305

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 305
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0.91 %

(unaudited)(unaudited)Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Calculation of return on average tangible common equity (non-GAAP):Net income$7,045 $13,954 $32,482 $39,511 Less: preferred stock dividends1,076 1,076 3,226 3,226 Net income available to common shareholders$5,969 $12,878 $29,256 $36,285 Average shareholders' equity$776,976 $597,984 $676,058 $586,017 Less: average goodwill & intangibles107,827 44,108 65,554 44,127 Less: average preferred equity57,785 57,785 57,785 57,785 Average tangible common shareholders' equity (non-GAAP)$611,364 $496,091 $552,719 $484,105 Return on average equity (GAAP) (annualized)3.60 %9.28 %6.42 %9.01 %Return on average common equity (GAAP) (annualized)3.29 %9.48 %6.33 %9.18 %Return on average tangible common equity (non-GAAP) (annualized)3.87 %10.33 %7.08 %10.01 %Adjusted calculation of return on average equity (non-GAAP):Net income$7,045 $13,954 $32,482 $39,511 Add: merger transaction related expenses, net of tax (non-GAAP)16,558 — 18,326 — Adjusted net income (non-GAAP)$23,603 $13,954 $50,808 $39,511 Average shareholders' equity$776,976 $597,984 $676,058 $586,017 Adjusted return on average equity (non-GAAP) (annualized)12.05 %9.28 %10.05 %9.01 %Adjusted calculation of return on average tangible common equity (non-GAAP):Net income available to common shareholders$5,969 $12,878 $29,256 $36,285 Add: merger transaction related expenses, net of tax (