Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 246

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 246
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125,819 $6,147,930 Ending shares outstanding29,477,429 20,987,992 Book value per common share (GAAP)$26.68 $26.34 Tangible book value per common share (non-GAAP)$22.32 $24.24 Common shareholders' equity / Total assets (GAAP)9.53 %8.93 %Tangible common equity / Tangible assets (non-GAAP)8.10 %8.28 %Adjusted calculation of book value per common share (non-GAAP):Common shareholders' equity$786,400 $552,910 Add: merger transaction related expenses, net of tax (non-GAAP)18,326 — Adjusted common shareholders' equity (non-GAAP)$804,726 $552,910 Ending shares outstanding29,477,429 20,987,992 Adjusted book value per common share (non-GAAP)$27.30 $26.34 Adjusted calculation of tangible book value per common share (non-GAAP):Tangible common equity (non-GAAP)$657,900 $508,830 Add: merger transaction related expenses, net of tax (non-GAAP)18,326 — Adjusted tangible common equity (non-GAAP)$676,226 $508,830 Ending shares outstanding29,477,429 20,987,992 Adjusted tangible book value per common share (non-GAAP)$22.94 $24.24 Adjusted calculation of tangible common equity/tangible assets (non-GAAP):Adjusted common shareholders' equity (non-GAAP)$676,226 $508,830 Tangible assets (non-GAAP)$8,125,819 $6,147,930 Add: Merger and integration costs (non-GAAP)6,041 — Adjusted tangible assets (non-GAAP)$8,131,860 $6,147,930 Adjusted tangible common equity / Adjusted tangible assets (non-GAAP)8.32 %8.28 %

77

NON-GAAP FINANCIAL MEASURES (continued)

(unaudited)(unaudited)Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Calculation of efficiency ratio:Non-interest expense$50,157 $38,784 $130,812 $112,197 Non-interest income$10,