Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 121

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 121
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22 0.61 1.26 1.72 Dividend payout ratio81.82 %29.51 %42.86 %30.81 %Adjusted calculation of dividend payout ratio (non-GAAP):Cash dividends per common share$0.180 $0.180 $0.540 $0.530 Adjusted diluted earnings per common share (non-GAAP)0.82 0.61 2.05 1.72 Adjusted dividend payout ratio (non-GAAP)21.95 %29.51 %26.34 %30.81 %

80

NON-GAAP FINANCIAL MEASURES (continued)

(unaudited)(unaudited)Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Calculation of return on average assets: Net income$7,045 $13,954 $32,482 $39,511 Average total assets$7,783,995 $5,907,115 $6,752,461 $5,831,002 Return on average assets (GAAP) (annualized)0.36 %0.94 %0.64 %0.91 %Adjusted calculation of return on average assets (non-GAAP):Net income$7,045 $13,954 $32,482 $39,511 Add: merger transaction related expenses, net of tax (non-GAAP)16,558 — 18,326 — Adjusted net income$23,603 $13,954 $50,808 $39,511 Average total assets$7,783,995 $5,907,115 $6,752,461 $5,831,002 Adjusted return on average assets (GAAP) (annualized)1.20 %0.94 %1.01 %0.91 %

(unaudited)(unaudited)Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Calculation of return on average tangible common equity (non-GAAP):Net income$7,045 $13,954 $32,482 $39,511 Less: preferred stock dividends1,076 1,076 3,226 3,226 Net income available to common shareholders$5,969 $12,