Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 302

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 302
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)(unaudited)Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Calculation of PPNR (non-GAAP): (1)Net interest income$67,129 $47,486 $167,757 $138,425 Add: Non-interest income10,566 10,973 28,081 28,793 Less: Non-interest expense50,157 38,784 130,812 112,197 PPNR (non-GAAP)$27,538 $19,675 $65,026 $55,021 Adjusted calculation of PPNR (non-GAAP): (1)Net interest income$67,129 $47,486 $167,757 $138,425 Add: Non-interest income10,566 10,973 28,081 28,793 Less: Non-interest expense50,157 38,784 130,812 112,197 Add: merger and integration costs (non-GAAP)4,155 — 6,041 — Adjusted PPNR (non-GAAP)$31,693 $19,675 $71,067 $55,021 (1) Management believes that this is an important metric as it illustrates the underlying performance of the Corporation, it enables investors and others to assess the Corporation's ability to generate capital to cover credit losses through the credit cycle and provides consistent reporting with a key metric used by bank regulatory agencies.

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NON-GAAP FINANCIAL MEASURES (continued)

(unaudited)(unaudited)Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Basic earnings per common share computation:Net income available to common shareholders$5,969 $12,878 $29,256 $36,285 Less: net income available to common shareholders allocated to participating securities50 101 253 291 Net income available to common shareholders allocated to common stock$5,919 $12,777 $29,003 $35,994 Weighted average common shares outstanding, including shares considered participating securities27,388 20,997 23,165 20,994 Less: average participating securities209 155 166 162 Weighted average shares27,179 20,842 22,999 20,832 Basic earnings per common share$0.22