Company: CCNE
Filing Date: 2025-01-10
Form Type: 425
Source: 0001193125-25-004105
Chunk: 138

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-01-10
Form: 425
Chunk 138
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 closing) Source: Company documents; FactSet; Bloomberg. 17 (1) HFI is held for investment loans as of 9/30/2024. (2) Accumulated Other Comprehensive Income (AOCI) as of 9/30/2024.

Extensive M&A Experience & Diligence Process ✓ Leveraged CCNE's M&A expertise and diligence team, Combined M&A Experience which included more than 20 members across various focus areas ✓ Virtual and on-site diligence meetings conducted between both companies and all advisors across all focus areas ✓ Comprehensive Loan Review Analysis – Engaged two third party advisors to assist in credit loan review in addition to the internal diligence team – Reviewed 45% of ESSA’s commercial loans including all key large relationships – Individual credit file review of commercial, consumer and mortgage portfolio samples – Analysis of interest rate mark at the account level conducted across the entire portfolio, including stress testing under various rate scenarios ✓ Third party advisors engaged for other asset & liability fair value marks ✓ Strong cultural Diligence Focus Areas: alignment ✓ No branch overlap ✓ Experienced M&A Retail, Commercial & Retail Locations & Risk Management professionals Consumer Banking Facilities Regulatory & Compliance ✓ CNB executive leadership has extensive M&A IT, Vendor Services & Finance, Tax & integration Lending & Credit Operations Accounting experience Source: S&P Global Market Intelligence. 18 Note: Transaction data as of deal announcement date.

Pro Forma Capital Ratios vs. Peers (1) Pro Forma @ Close Source: S&P Global Market Intelligence; FactSet; Call Report. Note: Peer median regulatory capital ratios as of 2024Q3. 19 (1) Assumes $30 million of CCNE BHC capital pushed down to bank concurrent with merger. (2) Peers are defined as nationwide major exchange-traded banks with total assets between $5 and $15 billion with 2026 median research analyst consensus estimates, excluding specialty business models, merger targets, and mutuals.

Appendix

Loans and Deposits Detail (3) CNB Financial Corporation ESSA Bancorp, Inc. Pro Forma Company (1)(2) Loan Composition Total Loans: $4.6B Total Loans: $1.8B Total Loans: $6.4B Yield on Loans: 6.66% Yield on Loans: 5.19% Yield on Loans: 6.25% (3) (4) (5) CRE / TRBC: 231% CRE / TRBC: 292% CRE /