Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 287

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 287
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utive effect of stock compensation72 62 65 63 Weighted average shares and dilutive potential common shares20,953 20,893 20,939 20,890 Adjusted diluted earnings per common share (non-GAAP)$0.63 $0.56 $1.19 $1.11 

(unaudited)(unaudited)Three Months EndedSix Months EndedJune 30,June 30,2025202420252024Calculation of dividend payout ratio:Cash dividends per common share$0.180 $0.175 $0.360 $0.350 Diluted earnings per common share0.61 0.56 1.10 1.11 Dividend payout ratio29.51 %31.25 %32.73 %31.53 %Adjusted calculation of dividend payout ratio (non-GAAP):Cash dividends per common share$0.180 $0.175 $0.360 $0.350 Adjusted diluted earnings per common share (non-GAAP)0.63 0.56 1.19 1.11 Adjusted dividend payout ratio (non-GAAP)28.57 %31.25 %30.25 %31.53 %

78

NON-GAAP FINANCIAL MEASURES (continued)

(unaudited)(unaudited)Three Months EndedSix Months EndedJune 30,June 30,2025202420252024Calculation of return on average assets: Net income$13,956 $12,957 $25,437 $25,557 Average total assets$6,235,036 $5,854,978 $6,227,901 $5,792,485 Return on average assets (GAAP) (annualized)0.90 %0.89 %0.82 %0.89 %Adjusted calculation of return on average assets (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$14,313 $12,957 $27,281 $25,557 Average total assets$6,235,036 $5,854,978 $6,227,901 $5,