Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 283

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 283
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, "Deposits," and (iv) commitments to extend credit and standby letters of credit - Note 10, "Off-Balance Sheet Commitments and Contingencies."

66

Shareholders' Equity, Capital Ratios and Metrics

As of September 30, 2025, the Corporation's total shareholders' equity was $844.2 million, representing an increase of $233.5 million, or 38.23%, from December 31, 2024, primarily due to an increase in additional paid in capital related to the Merger of $202.6 million, a decrease in accumulated other comprehensive loss, primarily from the after-tax impact of temporary unrealized valuation changes in the Corporation's available-for-sale investment portfolio, and growth in earnings, partially offset by the payment of common and preferred stock dividends to shareholders.

The Corporation has complied with the standards of capital adequacy mandated by government regulations. Bank regulators have established "risk-based" capital requirements designed to measure capital adequacy. Risk-based capital ratios reflect the relative risks of various assets banks hold in their portfolios. A weight category (0% for the lowest risk assets and increasing for each tier of higher risk assets) is assigned to each asset on the balance sheet.

As of September 30, 2025, all of the Corporation's capital ratios exceeded regulatory "well-capitalized" levels. The Corporation's capital ratios and book value per common share at September 30, 2025 and December 31, 2024 were as follows:

September 30, 2025December 31, 2024Total risk-based ratio13.97 %16.16 %Tier 1 risk-based ratio11.67 %13.41 %Common equity tier 1 ratio10.48 %11.76 %Tier 1 leverage ratio9.34 %10.43 %Common shareholders' equity/total assets9.53 %8.93 %Tangible common equity/tangible assets (1)8.10 %8.28 %Tangible common equity/tangible assets (excluding merger transaction related expenses) (1)8.32 %8.28 %Book value per common share$26.68 $26.34 Book value per common share (excluding merger transaction related expenses) (1)$27.30 $26.34 Tangible book value per common share (1)$22.32 $24.24 Tangible book value per common share (