Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 194

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 194
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 the dates on which it was prepared. The following table presents a summary of the ESSA management forecasts relating to ESSA (on a standalone basis) for the fiscal years 2025 through 2028, which ESSA management provided to PNC FIG Advisory for purposes of performing financial analyses in connection with PNC FIG Advisory’s opinion as described above under the section entitled “—Opinion of ESSA’s Financial Advisor.”

|            |     | Fiscal Year Ending September 30, 
 2025E                            |        |     | 2026E |        |     | 2027E |        |     | 2028E |        |
|:-----------|:----|:---------------------------------|-------:|:----|:------|-------:|:----|:------|-------:|:----|:------|-------:|
|            |     | -Dollars in thousands            |        |     |       |        |     |       |        |     |       |        |
| Net Income |     | $                                | 17,764 |     | $     | 18,297 |     | $     | 18,846 |     | $     | 19,411 |
| Dividends  |     | $                                |  6,217 |     | $     |  6,404 |     | $     |  6,596 |     | $     |  6,794 |

**Interests of Certain CNB Directors and Executive Officers in the Merger In considering the recommendation of the CNB Board of Directors to approve the CNB share issuance proposal, CNB shareholders should be aware that certain directors and executive officers of CNB have interests in the merger that are different from, or in addition to, the interests of CNB shareholders generally. These interests are described below, to the extent they are material and are known to CNB. The CNB Board of Directors was aware of these interests and considered them, among other things, in approving the merger and making its recommendation that CNB’s shareholders vote to approve the CNB share issuance proposal. Following the consummation of the merger, each current member of the CNB Board of Directors is expected to continue to serve as a director of the board of directors of the combined company and each current CNB executive officer is expected continue in his or her role as an executive officer of the combined company. Interests of Certain ESSA Directors and Executive Officers in