Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 114

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 114
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89)— (89)Purchase of treasury stock for the purpose of tax withholding related to performance based restricted stock award vesting (584 shares)— — — (14)— (14)Preferred cash dividend declared— — (4,302)— — (4,302)Common cash dividends declared ($0.70 per share)— — (14,694)— — (14,694)Balance, December 31, 202357,785 220,495 345,935 (6,890)(46,078)571,247 

See Notes to Consolidated Financial Statements

62

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (continued)

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’EquityNet income— — 54,575 — — 54,575 Other comprehensive income— — — — 2,505 2,505 Forfeiture of restricted stock award grants (15,044 shares)— 360 — (360)— — Restricted stock award grants (130,857 shares)— (3,025)— 3,025 — — Performance based restricted stock award grants (9,667 shares)— (179)— 179 — — Stock-based compensation expense— 2,225 — — — 2,225 Purchase of treasury stock (23,988 shares)— — — (441)— (441)Purchase of treasury stock for the purpose of tax withholding related to restricted stock award vesting (7,421 shares)— — — (148)— (148)Purchase of treasury stock for the purpose of tax withholding related to performance based restricted stock award vesting (2,518 shares)— — — (54)— (54)Preferred cash dividend declared— — (4,302)— — (4,302)Cash dividends declared ($0.71 per common share)— — (14,912)— — (14,912)Balance, December 31, 2024$57,785 $219,876 $