Company: CCNE
Filing Date: 2025-01-10
Form Type: 425
Source: 0001193125-25-004105
Chunk: 139

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-01-10
Form: 425
Chunk 139
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 TRBC: 262% (1) Deposit Composition Total Deposits: $5.2B Total Deposits: $1.6B Total Deposits: $6.8B Cost of Total Deposits: 2.71% Cost of Total Deposits: 2.34% Cost of Total Deposits: 2.62% Source: S&P Global Market Intelligence. (1) All loan and deposit data utilizes GAAP data as of 9/30/2024. (2) C&I includes Owner-Occupied CRE, State & Political, Farmland, Agricultural, and other loans for CCNE and ESSA per CNB Management. 21 (3) Excludes purchase accounting and merger-related adjustments unless otherwise stated. (4) BHC regulatory capital used for CCNE. Bank-level regulatory capital used for ESSA. (5) Represents BHC regulatory capital Pro Forma at Close. Includes purchase accounting and merger-related adjustments.

Illustrative Pro Forma Net Income & Diluted EPS Accretion Illustrative 2026 Diluted EPS Accretion ESSA Fully Synergized Earnings Reconciliation (2) (3) Source: S&P Global Market Intelligence; FactSet; Bloomberg; Company documents. (1) Assumes CCNE issuance price of $24.69 per share (10-day VWAP as of 1/8/2025) and ESSA common shares of 10,154,814 (inclusive of unvested common 22 stock equivalents) less 369,440 shares required to eliminate ESSA’s ESOP. Deal value shown after ESOP loan paydown. (2) Inclusive of all purchase accounting accretion, net of opportunity cost of cash, CDI amortization and other non-cost savings merger-related adjustments. (3) Primarily opportunity cost of cash and other immaterial adjustments.

Tangible Book Value Dilution Reconciliation Calculation of Intangibles Illustrative Tangible Book Value Dilution (1) (1) Source: S&P Global Market Intelligence; FactSet; Bloomberg; Company documents. 23 (1) Assumes CCNE issuance price of $24.69 per share (10-day VWAP as of 1/8/2025) and ESSA common shares of 10,154,814 (inclusive of unvested common stock equivalents) less 369,440 shares required to eliminate ESSA’s ESOP.

Non-GAAP Reconciliations Tangible Common Equity /