Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 92

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 92
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AAP):Adjusted common shareholders' equity (non-GAAP)$524,146 $508,830 Tangible assets (non-GAAP)$6,251,444 $6,147,930 Add: Merger costs1,529 — Adjusted tangible assets (non-GAAP)$6,252,973 $6,147,930 Adjusted tangible common equity / Adjusted tangible assets (non-GAAP)8.38 %8.28 %

62

NON-GAAP FINANCIAL MEASURES (continued)

(unaudited)Three Months EndedMarch 31,20252024Calculation of efficiency ratio:Non-interest expense$41,038 $37,424 Non-interest income$8,507 $8,955 Net interest income48,431 45,222 Total revenue$56,938 $54,177 Efficiency ratio72.07 %69.08 %Calculation of efficiency ratio (fully tax equivalent basis) (non-GAAP):Non-interest expense$41,038 $37,424 Less: core deposit intangible amortization17 20 Adjusted non-interest expense (non-GAAP)$41,021 $37,404 Non-interest income$8,507 $8,955 Net interest income$48,431 $45,222 Less: tax exempt investment and loan income, net of TEFRA (non-GAAP)1,464 1,337 Add: tax exempt investment and loan income (fully tax equivalent basis) (non-GAAP)2,076 1,932 Adjusted net interest income (fully tax equivalent basis) (non-GAAP)49,043 45,817 Adjusted net revenue (fully tax equivalent basis) (non-GAAP)$57,550 $54,772 Efficiency ratio (fully tax equivalent basis) (non-GAAP)71.28 %68.29 %Adjusted calculation of efficiency ratio (fully tax equivalent basis) (non-GAAP):Adjusted non-interest expense (non-GAAP)$41,021 $37,404 Less: Merger costs (non-GAAP)1,529 — Adjusted non-interest expense (non-GAAP)$39,492 $37,404 Adjusted net revenue (fully tax equivalent basis) (non-GAAP)$57,550 $54,772 Adjusted efficiency ratio (fully tax equivalent basis) (non-GAAP)68.62