Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 112

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 112
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,302 NET INCOME AVAILABLE TO COMMON STOCKHOLDERS$50,273 $53,718 $58,886 PER COMMON SHARE DATA:Basic Earnings Per Common Share$2.39 $2.56 $3.26 Diluted Earnings Per Common Share$2.39 $2.55 $3.26 Cash Dividends Declared$0.710 $0.700 $0.700 NET INCOME$54,575 $58,020 $63,188 OTHER COMPREHENSIVE INCOME (LOSS):Net change in unrealized gains (losses) on available-for-sale securities, net of reclassification and tax$1,715 $6,109 $(53,576)Amortization of unrealized gains from held-to-maturity securities, net of tax545 591 875 Change in actuarial gains (losses), for post-employment health care plan, net of amortization and tax245 (139)150 Change in fair value of interest rate swap agreements designated as a cash flow hedge, net of interest and tax— (119)425 Total other comprehensive income (loss)2,505 6,442 (52,126)COMPREHENSIVE INCOME$57,080 $64,462 $11,062 

See Notes to Consolidated Financial Statements

61

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, AND 2022 

Dollars in thousands, except share and per share data

Preferred StockAdditionalPaid-InCapitalRetainedEarningsTreasuryStockAccumulatedOtherComprehensiveIncome (Loss)TotalShare-holders’EquityBalance, January 1, 2022$57,785 $127,351 $260,582 $(2,477)$(394)$442,847 Net income— — 63,188 — — 63,188 Other comprehensive loss— — — — (52,126)(52,126)Forfeiture of restricted stock award grants (1,440 shares)— 36 — (36)— — Restricted stock award grants (57,823 shares)— (1,000)— 1,000 — — Performance based restricted stock