Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 47

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 47
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, results of operations, financial condition or prospects of CNB and CNB Bank after the transaction.

Unanticipated costs relating to the merger could reduce CNB’s future earnings per share.

CNB has incurred substantial legal, accounting, financial advisory and other merger-related costs, and CNB’s management has devoted considerable time and effort in connection with the merger. If the merger is not completed, CNB will bear certain fees and expenses associated with the merger without realizing the benefits of the merger. If the merger is completed, CNB expects to incur substantial expenses in connection with integrating the business, operations, network, systems, technologies, policies and procedures of the two companies. The fees and expenses may be significant and could have an adverse impact on CNB’s results of operations.

CNB believes that it has reasonably estimated the likely costs of integrating the operations of CNB and ESSA, and the incremental costs of operating as a combined company. However, it is possible that unexpected transaction costs such as taxes, fees or professional expenses or unexpected future operating expenses such as increased personnel costs or increased taxes, as well as other types of unanticipated adverse developments, could have a material adverse effect on the results of operations and financial condition of the combined company. If unexpected costs are incurred, the merger could have a dilutive effect on CNB’s earnings per share. In other words, if the merger is completed, the earnings per share of CNB common stock could be less than anticipated or even less than if the merger had not been completed.

Estimates as to the future value of the combined company are inherently uncertain. You should not rely on such estimates without considering all of the information contained or incorporated by reference into this joint proxy statement/prospectus.

Any estimates as to the future value of the combined company, including estimates regarding the earnings per share of the combined company, are inherently uncertain. The future value of the combined company will depend upon, among other factors, the combined company’s ability to achieve projected revenue and earnings**

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expectations and to realize the anticipated synergies described in this joint proxy statement/prospectus, all of which are subject to the risks and uncertainties described in this joint proxy statement/prospectus, including these risk factors. Accordingly, you should not rely upon any estimates as to the future value of the combined company, whether made before or after the date of this joint proxy statement/prospectus by CNB’s and ESSA’s respective management or affiliates or others, without considering all of