Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 110

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 110
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 stock, Series A non-cumulative perpetual, No par value; $1,000 liquidation preference; shares authorized 60,375; Shares issued 60,375 at December 31, 2024 and 202357,785 57,785 Common stock, no par value; 50,000,000 shares authorized; Shares issued 21,235,503 shares at December 31, 2024 and 2023— — Additional paid in capital219,876 220,495 Retained earnings381,296 345,935 Treasury stock, at cost (247,511 shares at December 31, 2024 and 339,064 shares at December 31, 2023)(4,689)(6,890)Accumulated other comprehensive loss(43,573)(46,078)Total shareholders’ equity610,695 571,247 Total Liabilities and Shareholders’ Equity$6,192,010 $5,752,957 

See Notes to Consolidated Financial Statements

60

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

Dollars in thousands, except per share data

 Year ended December 31,202420232022INTEREST AND DIVIDEND INCOME:Loans including feesInterest and fees on loans$293,544 $273,220 $194,149 Processing fees on PPP loans— 3 1,889 Securities and cash and cash equivalents:Taxable30,915 19,279 16,672 Tax-exempt636 724 871 Dividends375 470 157 Total interest and dividend income325,470 293,696 213,738 INTEREST EXPENSE:Deposits133,493 97,770 19,833 Borrowed funds and finance lease liabilities11 1,802 389 Subordinated debentures (includes $0, $(151), and $127 accumulated other comprehensiveincome reclassification for change in fair value of interest rate swap agreements, respectively)4,497 4,295 3,857 Total interest expense138,001 103,867 24,079 NET INTEREST INCOME187,469 189,829 189,659 PROVISION FOR CREDIT LOSS EXPENSE9,222 5,993 8,589 NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSS EXP