Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 237

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 237
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44,137 Less: average preferred equity57,785 57,785 57,785 57,785 Average tangible common shareholders' equity (non-GAAP)$532,005 $481,309 $524,888 $478,069 Return on average equity (GAAP) (annualized)8.83 %8.94 %8.18 %8.86 %Return on average common equity (GAAP) (annualized)8.97 %9.10 %8.25 %9.01 %Return on average tangible common equity (non-GAAP) (annualized)9.71 %9.93 %8.95 %9.85 %Adjusted calculation of return on average equity (non-GAAP):Net income$13,956 $12,957 $25,437 $25,557 Add: Merger costs, net of tax (non-GAAP)357 — 1,844 — Adjusted net income (non-GAAP)$14,313 $12,957 $27,281 $25,557 Average shareholders' equity$633,848 $583,221 $626,739 $579,991 Adjusted return on average equity (GAAP) (annualized)9.06 %8.94 %8.78 %8.86 %Adjusted calculation of return on average tangible common equity (non-GAAP):Net income available to common shareholders$12,881 $11,882 $23,287 $23,407 Add: Merger costs, net of tax (non-GAAP)357 — 1,844 — Adjusted net income available to common shareholders$13,238 $11,882 $25,131 $23,407 Average tangible common shareholders' equity (non-GAAP)$532,005 $481,309 $524,888 $478,069 Adjusted return on average tangible common equity (non-GAAP) (annualized)9.98 %9.93 %9.66 %9.85 %

79

ITEM 3

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The disclosures set forth in this item are qualified by Item 1A. Risk Factors and the section captioned "Forward-Looking Statements and Factors that Could Affect