Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 191

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 191
---
 purposes of its financial analysis.

| (in thousands, except per share data) |     | 4Q 2024E |        |     | Year Ending December 31, 
 2025E                    |        |     | 2026E |        |     | 2027E |        |     | 2028E |        |
|:--------------------------------------|:----|:---------|-------:|:----|:-------------------------|-------:|:----|:------|-------:|:----|:------|-------:|:----|:------|-------:|
| Net Income                            |     | $        | 12,700 |     | $                        | 53,743 |     | $     | 60,200 |     | $     | 64,414 |     | $     | 68,923 |
| Earnings per share                    |     | $        |   0.61 |     | $                        |   2.57 |     | $     |   2.88 |     | $     |   3.08 |     | $     |   3.30 |
| Dividends per share                   |     | $        |   0.18 |     | $                        |   0.72 |     | $     |   0.72 |     | $     |   0.72 |     | $     |   0.72 |
| Tangible book value per share(1)      |     | $        |  24.45 |     | $                        |  26.30 |     | $     |  28.45 |     | $     |  30.80 |     | $     |  33.36 |

| (1) | Tangible book value per common share is a non-GAAP measure and is calculated by dividing tangible common equity by the number of shares outstanding. |

Certain Unaudited Prospective Financial Information of ESSA ESSA does not as a matter of course make public long-term projections as to future revenues, earnings or other results due to, among other reasons, the inherent uncertainty of the underlying assumptions and estimates. However, in connection with the merger, ESSA’s management prepared and provided to the ESSA Board of Directors in connection with its evaluation of the transaction, and to its financial advisor, PNC FIG Advisory, including performing financial analyses in connection with PNC FIG