Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 242

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 242
---
     |             |      |
|:--------------------------------------------------|:----|:-----------|-------:|:--|:----|:----------|-----:|:----|:------------|-----:|
|                                                   |     | Net Income |        |   |     | Basic EPS |      |     | Diluted EPS |      |
| Pro Forma Combined*                               |     | $          | 58,652 |   |     | $         | 1.99 |     | $           | 1.99 |
| Anticipated Cost Savings                          |     |            | 13,777 |   |     |           |      |     |             |      |
| Tax Effect                                        |     |            | (2,893 | ) |     |           |      |     |             |      |
| Pro Forma Combined after management’s adjustments |     | $          | 69,536 |   |     | $         | 2.36 |     | $           | 2.36 |

| * | As shown in pro forma income statement for respective period. |

199

ANNEX A

AGREEMENT AND PLAN OF MERGER

### AGREEMENT AND
PLAN OF MERGER

DATED AS OF JANUARY 9, 2025

BY AND AMONG

CNB FINANCIAL CORPORATION,

CNB BANK,

ESSA BANCORP, INC.

AND

ESSA BANK & TRUST

TABLE OF CONTENTS

|                                                             |     |                                                                                                                               |     | Page |      |
| ARTICLE I THE MERGER                                        |     |                                                                                                                               |     |      | A-2  |
| Section 1.01                                                |     | Terms of the Merger                                                                                                           |     |      | A-2  |
| Section 1.02                                                |     | Tax Consequences                                                                                                              |     |      | A-2  |
| Section 1.03                                                |     | Name of the Surviving Corporation and the Surviving Bank                                                                      |     |      | A-2  |
| Section 1.04                                                |     | Articles of Incorporation and Bylaws of the Surviving Corporation; Articles of Incorporation and Bylaws of the Surviving Bank |     |      | A-2  |
| Section 1.05                                                |     | Directors and Officers of the Surviving Corporation and the Surviving Bank                                                    |     |      | A-2  |
| Section 1.06                                                |     | Effect of