Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 102

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 7
Chunk 102
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33,335 Net interest income187,469 189,829 Total revenue$226,583 $223,164 Efficiency ratio66.20 %65.13 %Calculation of efficiency ratio (fully tax equivalent basis) (non-GAAP):Non-interest expense$150,002 $145,342 Less: core deposit intangible amortization73 84 Adjusted non-interest expense (non-GAAP)$149,929 $145,258 Non-interest income$39,114 $33,335 Net interest income187,469 189,829 Less: tax exempt investment and loan income, net of TEFRA (non-GAAP)5,635 5,425 Add: tax exempt investment and loan income (fully tax equivalent basis) (non-GAAP)8,068 7,635 Adjusted net interest income (fully tax equivalent basis) (non-GAAP)189,902 192,039 Adjusted net revenue (fully tax equivalent basis) (non-GAAP)$229,016 $225,374 Efficiency ratio (fully tax equivalent basis) (non-GAAP)65.47 %64.45 %

Years EndedDecember 31,20242023Calculation of return on average tangible common equity (non-GAAP):Net income$54,575 $58,020 Less: preferred stock dividends4,302 4,302 Net income available to common shareholders$50,273 $53,718 Average shareholders' equity$592,550 $550,333 Less: average goodwill & intangibles44,118 44,193 Less: average preferred equity57,785 57,785 Tangible common shareholders' equity (non-GAAP)$490,647 $448,355 Return on average equity (GAAP)9.21 %10.54 %Return on average common equity (GAAP)9.40 %10.91 %Return on average tangible common equity (non-GAAP)10.25 %11.98 %

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