Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 187

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 187
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 services by PNC Capital Markets LLC.

PNC FIG Advisory’s fairness committee approved the issuance of PNC FIG Advisory’s opinion letter dated January 9, 2025.

### Certain Unaudited Prospective Financial Information of CNB
CNB 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, CNB’s management prepared and provided to the CNB Board of Directors in connection with its evaluation of the transaction, and to its financial advisor Piper Sandler, including in connection with Piper Sandler’s financial analyses described above under the section entitled “ —Opinion of CNB’s Financial Advisor,” certain unaudited prospective financial information regarding CNB’s operations described below (the “CNB Projections”). The below summary of the CNB Projections is included for the purpose of providing CNB and ESSA shareholders access to certain nonpublic information that was furnished to certain parties in connection with the merger, and such information may not be appropriate for other purposes and is not included to influence the voting decision of any CNB or ESSA shareholder.

CNB’s unaudited prospective financial information was not prepared with a view toward public disclosure, nor was it prepared with a view toward compliance with published guidelines of the SEC or the guidelines established by the American Institute of Certified Public Accountants for preparation and presentation of prospective financial information. The inclusion of this unaudited prospective financial information should not be regarded as an indication that such information is necessarily predictive of actual future events or results and such information should not be relied upon as such, and readers of this joint proxy statement/prospectus are cautioned not to place undue reliance on the unaudited prospective financial information. The unaudited prospective financial information included in this joint proxy statement/prospectus has been prepared by, and is the responsibility of, CNB management.

While presented with numeric specificity, this unaudited prospective financial information was based on numerous variables and assumptions (including assumptions related to industry performance and general business, economic, market and financial conditions and additional matters specific to CNB’s business, ESSA’s business and the business of the combined company on a pro forma basis giving effect to the merger, including anticipated or possible synergies) that are inherently subjective and uncertain and are beyond the control of CNB’s management. Important factors that may affect actual results and cause this unaudited prospective financial information not to