Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 284

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 284
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 — 1,886 — Adjusted non-interest expense (non-GAAP)$39,244 $35,970 $78,736 $73,374 Adjusted net revenue (fully tax equivalent basis) (non-GAAP)$61,800 $55,166 $119,350 $109,938 Adjusted efficiency ratio (fully tax equivalent basis) (non-GAAP)63.50 %65.20 %65.97 %66.74 %

76

NON-GAAP FINANCIAL MEASURES (continued)

(unaudited)(unaudited)Three Months EndedSix Months EndedJune 30,June 30,2025202420252024Calculation of net interest margin:Interest income$85,771 $80,652 $168,150 $158,557 Interest expense33,574 34,935 67,522 67,618 Net interest income$52,197 $45,717 $100,628 $90,939 Average total earning assets$5,817,121 $5,465,645 $5,810,364 $5,407,954 Net interest margin (GAAP) (annualized)3.60 %3.36 %3.49 %3.38 %Calculation of net interest margin (fully tax equivalent basis) (non-GAAP):Interest income$85,771 $80,652 $168,150 $158,557 Tax equivalent adjustment (non-GAAP)265 214 525 431 Adjusted interest income (fully tax equivalent basis) (non-GAAP)86,036 80,866 168,675 158,988 Interest expense33,574 34,935 67,522 67,618 Net interest income (fully tax equivalent basis) (non-GAAP)$52,462 $45,931 $101,153 $91,370 Average total earning assets$5,817,121 $5,465,645 $5,810,364 $5,407,954 Less: average mark to market adjustment on investments (non-GAAP)(42,592)(59,225)(45,317)(57,186)Adjusted average total earning assets, net of mark to market (non-GAAP)$5,859,713 $5,524,870 $5,855,681