Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 90

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 7
Chunk 90
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366 20,315 25,085 51,931 77,016 Other Earning Assets12,052 (1,709)10,343 (1,242)3,643 2,401 Total Earning Assets$16,273 $15,459 $31,732 $23,285 $56,435 $79,720 Liabilities and Shareholders’ EquityInterest Bearing DepositsDemand – Interest Bearing$(802)$1,627 $825 $(417)$2,912 $2,495 Savings11,367 16,526 27,893 1,516 63,494 65,010 Time1,566 5,439 7,005 2,326 8,106 10,432 Total Interest Bearing Deposits12,131 23,592 35,723 3,425 74,512 77,937 Short-Term Borrowings(1,787)— (1,787)1,112 306 1,418 Finance Lease Liabilities(4)— (4)— — — Subordinated Debentures12 190 202 (4)(1)(5)Total Interest Bearing Liabilities$10,352 $23,782 $34,134 $4,533 $74,817 $79,350 Change in Net Interest Income$5,921 $(8,323)$(2,402)$18,752 $(18,382)$370 

(1) The change in interest due to both volume and rate have been allocated entirely to volume changes.

(2) Changes in interest income on tax-exempt securities and loans are presented on a fully taxable-equivalent basis, using the Corporation’s marginal federal income tax rate of 21% for the year ended December 31, 2024 and 2023.

46

Results of Operations

Year Ended December 31, 2024 vs. Year Ended December 31, 2023 

Overview of the Statements of Income and Comprehensive Income

Net income available to common shareholders ("earnings") was $50.3 million, or $2.39 per diluted share, for the year ended December 31, 2024, compared to earnings of $53.7 million, or $2.55 per diluted share, for the year ended December 31, 2023. The decrease in diluted earnings per