Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 299

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 299
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,992 Adjusted book value per common share (non-GAAP)$27.30 $26.34 Adjusted calculation of tangible book value per common share (non-GAAP):Tangible common equity (non-GAAP)$657,900 $508,830 Add: merger transaction related expenses, net of tax (non-GAAP)18,326 — Adjusted tangible common equity (non-GAAP)$676,226 $508,830 Ending shares outstanding29,477,429 20,987,992 Adjusted tangible book value per common share (non-GAAP)$22.94 $24.24 Adjusted calculation of tangible common equity/tangible assets (non-GAAP):Adjusted common shareholders' equity (non-GAAP)$676,226 $508,830 Tangible assets (non-GAAP)$8,125,819 $6,147,930 Add: Merger and integration costs (non-GAAP)6,041 — Adjusted tangible assets (non-GAAP)$8,131,860 $6,147,930 Adjusted tangible common equity / Adjusted tangible assets (non-GAAP)8.32 %8.28 %

77

NON-GAAP FINANCIAL MEASURES (continued)

(unaudited)(unaudited)Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Calculation of efficiency ratio:Non-interest expense$50,157 $38,784 $130,812 $112,197 Non-interest income$10,566 $10,973 $28,081 $28,793 Net interest income67,129 47,486 167,757 138,425 Total revenue$77,695 $58,459 $195,838 $167,218 Efficiency ratio64.56 %66.34 %66.80 %67.10 %Calculation of efficiency ratio (fully tax equivalent basis) (non-GAAP):Non-interest expense$50,157 $38,784 $130,812 $112,197 Less: core deposit intangible amortization780 18 813 57 Adjusted non-interest expense (non-GAAP)$49,377 $38,766 $129,999 $112,140 Non-interest income$10,566 $10,973 $28,081 $28,793 Net