Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 234

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 234
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 2024 and December 31, 2023, respectively, would enhance the understanding of the pro forma information shown below. The impact of these adjustments on net income and earnings per share are included in the Footnotes to Unaudited Pro Forma Income Statements. All significant pro forma adjustments and underlying assumptions are described in the accompanying notes. The unaudited pro forma combined consolidated statements of income for the nine months ended September 30, 2024 and the year ended December 31, 2023 give effect to the merger as if it occurred on January 1, 2023. The unaudited pro forma combined consolidated balance sheet gives effect to the merger as if it occurred on September 30, 2024. Certain sub-totals and totals may not foot due to rounding. The unaudited pro forma shareholders’ equity and net income are qualified by the statements set forth under this caption and should not be considered indicative of the market value of CNB common stock or the actual or future results of operations of CNB for any period. Actual results may be materially different than the pro forma information presented. 190

CNB FINANCIAL CORPORATION UNAUDITED PRO FORMA BALANCE SHEET AS OF SEPTEMBER 30, 2024 (In thousands)

| ASSETS                                                      |     | Acquirer  
 (CNB      
 Financial 
 Corp.)    |           |   |     | Target   
 (ESSA    
 Bancorp, 
 Inc.)    |           |   |     | Purchase    
 Accounting  
 Adjustments |          |   |     | Ref |    |   |     | Divestiture 
 Adjustments |          |   |     | Ref |    |   |     | Pro      
 Forma    
 Combined |           |   |
|:------------------------------------------------------------|:----|:----------|----------:|:--|:----|:---------|----------:|:--|:----|:------------|---------:|:--|:----|:----|:---|:--|:----|:------------|---------:|:--|:----|:----|:---|:--|:----|:---------|----------:|:--|
| Cash and cash equivalents due from banks                    |     | $         |    75,214 |   |     | $        |    38,683 |   |     | $           |  (27,550 | ) |     |     | (A | ) |     | $