Company: CCNE
Filing Date: 2025-04-15
Form Type: 425
Source: 0001193125-25-080836
Chunk: 13

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-04-15
Form: 425
Chunk 13
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,824 20,857 20,867 ADD: Dilutive effect of stock compensation 63 73 58 Weighted average shares and dilutive potential common shares 20,887 20,930 20,925 Adjusted diluted earnings per common share (non-GAAP) $ 0.55 $ 0.66 $ 0.57 24

NON-GAAP RECONCILIATION Three Months Ended Dollars in thousands, except per share data 3/31/24 12/31/24 3/31/25 Calculation of return on average equity (GAAP): Net income $12,600 $15,064 $11,481 Average shareholders' equity $576,528 $612,184 $619,409 Return on average equity (GAAP) (annualized) 8.79% 9.79% 7.52% Adjusted calculation of return on average equity (non-GAAP): Net income $12,600 $15,064 $11,481 ADD: Merger costs, net of tax (non-GAAP) - - 1,487 Adjusted net income (non-GAAP) $12,600 $15,064 $12,968 Average shareholders' equity $576,528 $612,184 $619,409 Adjusted return on average equity (non-GAAP) (annualized) 8.79% 9.79% 8.49% 25

NON-GAAP RECONCILIATION Three Months Ended Dollars in thousands, except per share data 3/31/24 12/31/24 3/31/25 Calculation of return on average assets: Net income $12,600 $15,064 $11,481 Average total assets $5,729,779 $6,085,277 $6,220,575 Return on average assets (GAAP) / (annualized) 0.88% 0.98% 0.75% Adjusted calculation of return on average assets (non -GAAP): Net income $12,600 $15,064 $11,481 ADD: Merger costs, net of tax (non-GAAP) - - 1,487 Adjusted net income (non-GAAP) $12,600 $15,064 $12,968 Average total assets $5,729,779 $6,085,277 $6,220,575 Adjusted return on average assets (non-GAAP) (annualized) 0.