CNB Financial : Annual Shareholder Meeting Presentation

Published: 2026-04-20 16:53:08 ET CCNE

Published on 04/20/2026 at 04:53 pm EDT

April 21,

2026

P R E S E N T A T I O N A T A N N U A L M E E T I N G O F S H A R E H O L D E R S

Focusing on great experiences and mutually sustainable success for our clients, colleagues, and investors.

$8,000

$7,000

$6,000

$5,000

$4,000

$3,000

$2,000

$1,000

$6,423

$1,659

ESSA(3

CNB

$4,764

$4,529

)

12/31/2024 12/31/2025

$8,000

$7,000

$6,000

$5,000

$4,000

$3,000

$2,000

$1,000

$7,115

$1,456

ESSA(3

$5,659

$5,371

CNB

)

12/31/2024 12/31/2025

Loans exclude syndicated loans.

Deposits include deposits held for sale.

Includes ESSA acquired loans and deposits, net of estimated purchase accounting fair value adjustments (Non-GAAP measure - see 3

Appendix for reconciliations)

DILUTED EARNINGS PER COMMON

RETURN ON AVERAGE ASSETS

$3.50

$3.00

$2.50

$2.00

$1.50

$1.00

$0.50

$2.95

$2.39

$2.49

2024 2025 2025 Adj (1)

1.15%

1.10%

1.05%

1.00%

0.95%

0.90%

0.85%

1.09%

0.93%

2024 2025 2025 Adj (1)

RETURN ON AVERAGE EQUITY BOOK VALUE PER COMMON SHARE

12.00%

11.00%

10.00%

9.00%

8.00%

7.00%

6.00%

10.75%

9.21%

9.14%

2024 2025 2025 Adj (1)

$28.50

$28.00

$27.50

$27.00

$26.50

$26.00

$25.50

$28.02

$27.63

$26.34

12/31/2024 12/31/2025 12/31/2025 Adj

(1)(2)

Excludes merger related expenses and is a non-GAAP financial measure - see Appendix for reconciliations.

Excludes provision adjustment related to adoption of Accounting Standard Update ("ASU") 2025-08, net of tax, and is a non-GAAP financial

measure - see Appendix for reconciliations. 4

SAVINGS

54.4%

TIME DEPOSITS

15.6%

DEMAND -

INTEREST 14.4%

DEMAND -

NONINTEREST 15.6%

3.10%

3.00%

2.90%

2.80%

2.70%

2.60%

2.50%

2.40%

2.30%

3.00%

2.75%

2.55%

Q4 2024 Q3 2025 Q4 2025

Deposit Mix excludes deposits classified as Deposits held for sale on the balance sheet at 12/31/2025.

12/31/2025 LOAN PORTFOLIO COMPOSITION

AVERAGE YIELD ON TOTAL LOANS & LOANS HELD FOR SALE(1)

COMMERCIAL MORTGAGE 38.5%

COMMERCIAL &

6.56%

6.54%

6.52%

6.50%

6.48%

6.46%

6.54%

INDUSTRIAL 25.7%

CONSUMER & OTHER

2.0%

RESIDENTIAL REAL ESTATE 33.8%

6.44%

6.42%

6.40%

6.38%

6.50%

6.44%

Q4 2024 Q3 2025 Q4 2025

Q3 2025 and Q4 2025 include the impact of the acquisition of ESSA Bancorp.

NONACCRUAL LOANS BY TYPE NET CHARGE-OFFS/AVERAGE LOANS(1)

TYPE 12/31/2024 12/31/2025

0.35%

COMMERCIAL REAL ESTATE

$ 28,053

$ 7,693

0.30%

RESIDENTIAL MORTGAGE

10,201

16,063

0.25%

CONSUMER 969 830

COMMERCIAL & INDUSTRIAL 17,100 15,259

0.20%

0.19%

0.17%

0.13%

0.06%

0.09%

0.15%

TOTAL NONACCRUAL LOANS

$ 56,323 $ 39,845

0.10%

0.05%

HISTORICAL ASSET QUALITY

0.00%

Q4 2024 Q3 2025 Q4 2025 FY 2024 FY 2025

12/31/2024

9/30/2025

12/31/2025

NONACCRUAL LOANS

$56,323

$36,013

$39,845

ACCRUAL LOANS GREATER THAN 89 DAYS

653

OREO

2,509 4,254 2,280

NONPERFORMING ASSETS

$59,485

$40,353

$42,167

NONACCRUAL LOANS / LOANS

1.22%

0.56%

0.61%

NPAs / ASSETS

0.96%

0.49%

0.50%

ACL / NONACCRUAL LOANS

84.08%

187.94%

168.29%

Note: "NPAs" means Non-Performing Assets. "ACL" means Allowance for Credit Losses.

16.00%

14.78%

11.44%

10.50%

9.70%

8.36%

7.00%

14.00%

12.00%

10.00%

8.00%

6.00%

4.00%

2.00%

0.00%

Common

Tangible

Common

Total Risk

Equity / Total

Common

Equity Tier 1

Based Capital Based Capital

Assets

Equity / Tangible Assets (1)

Ratio

Ratio - Well Capitalized Level (2)

Ratio

Ratio - Well Capitalized Level (2)

The Corporation did not repurchase shares of common stock during the twelve months ended December 31, 2025; remaining capacity under the current program was 500,000 shares / $15.0 million as of December 31, 2025.

Tangible common equity / Tangible assets is a non-GAAP financial measure - see Appendix for reconciliation

Well Capitalized includes a 2.5% capital conservation buffer, resulting in minimum regulatory ratios of 7.0% Common Equity Tier 1 and 10.5%

Total Risk-Based Capital. 8

July 23, 2025: CNB Financial Corporation completed its largest acquisition to date.

Over $2B in assets added as of merger date.

$1.7B in loans added as of merger date.

$1.5B in deposits across 20 offices assumed as of merger date.

Combined company has 75 full-service branches and over 900 employees.

Core banking and wealth management systems converted prior to year-end 2025.

Three former ESSA Directors added to the CNB Bank and CNB Financial Corporation Boards of Directors.

DILUTED EARNINGS PER COMMON SHARE "EPS"

$1.20

$1.10

$0.87

$0.88

$0.57

$0.50

$1.00

$0.80

$0.60

$0.40

$0.20

Q1 2025 Q4 2025 Q1 2026

(1)Adjusted diluted earnings per share excludes merger related expenses and is a non-GAAP financial measure - see Appendix for reconciliations.

LOANS ($M)(1)

DEPOSITS ($M)(1)(2)

$8,000

$7,000

$6,000

$5,000

$4,000

$3,000

$2,000

$1,000

$6,494 $6,434

$4,610

3/31/2025 12/31/2025 3/31/2026

$8,000

$7,000

$6,000

$5,000

$4,000

$3,000

$2,000

$1,000

$7,027 $7,140

$5,460

3/31/2025 12/31/2025 3/31/2026

(1) Q1 2025 measures are prior to the ESSA Merger which was effective Jul 23, 2025. Q4 2025 and Q1 2026 are post merger and include impact of merger.

(2) Deposits excludes deposits held for sale. 12

NIM(1)(2) EFFICIENCY RATIO(1)(2)

3.90%

3.80%

3.70%

3.60%

3.50%

3.40%

3.84%

3.38%

3.37%

3.84% 3.83% 3.84%

80.00%

70.00%

60.00%

50.00%

40.00%

30.00%

68.62%

69.55%

58.80%

59.03% 57.32%

72.07%

3.30%

3.20%

3.10%

Q1 2025 Q4 2025 Q1 2026

20.00%

10.00%

0.00%

Q1 2025 Q4 2025 Q1 2026

(1) Net interest margin fully tax equivalent and Adjusted efficiency ratio fully tax equivalent are non-GAAP financial measures - see Appendix for reconciliations. Adjusted efficiency ratio fully tax equivalent excludes merger related expenses.

(2) Q1 2025 measures are prior to the ESSA Merger which was effective Jul 23, 2025. Q4 2025 and Q1 2026 are post merger and 13

include impact of merger.

A P P E N D I X

This presentation contains references to financial measures that are not defined in GAAP. Management uses non-GAAP financial information in its analysis of the Corporation's performance. Management believes that these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results of operations with prior periods and show the effects of significant gains and charges in the periods presented. The Corporation's management believes that investors may use these non-GAAP measures to analyze the Corporation's financial performance without the impact of unusual items or events that may obscure trends in the Corporation's underlying performance. This non-GAAP data should be considered in addition to results prepared in accordance with GAAP, and is not a substitute for, or superior to, GAAP results. Limitations associated with non-GAAP financial measures include the risks that persons might disagree as to the appropriateness of items included in these measures and that different companies might calculate these measures differently. A reconciliation of these non-GAAP financial measures is provided below (dollars in thousands, except per share data).

Note: ASU stands for Accounting Standard Update

Dollars in thous ands

12/31/2024

12/31/2025

Adjusted calculation of loans

Loans

(non-GAAP):

$ 4,529,074

$ 6,422,942

Less: ESSA acquired loans, net of estimated purchase accounting fair value adjustments (non-GAAP) Adjusted loans (non-GAAP)

$ 4,529,074

(1,658,693)

$ 4,764,249

Adjusted calculation of total deposits (non-GAAP):

12/31/2024

12/31/2025

Total deposits

$ 5,371,364

$ 7,027,109

Add: deposits held for sale (non-GAAP)

88,119

Less: ESSA acquired deposits, net of estimated purchase

- (1,455,805)

accounting fair value adjustments (non-GAAP)

Adjusted total deposits (non-GAAP) $ 5,371,364 $ 5,659,423

Dollars in thousands, except per share data

12/31/2024

12/31/2025

Book value per common share (GAAP):

Common shareholders' equity

$ 552,910

$ 814,342

Ending shares outstanding

20,987,992

29,473,352

Book value per common share (GAAP)

$ 26.34

$ 27.63

Adjusted calculation of book value per common share (non-GAAP):

Common shareholders' equity

$ 552,910

$ 814,342

Add: merger transaction related expenses and the provision adjustment related to adoption of ASU 2025-08, net of tax (non-GAAP)

- 11,600

Adjusted common shareholders' equity (non-GAAP) $ 552,910 $ 825,942 Ending shares outstanding 20,987,992 29,473,352

Adjusted book value per common share (non-GAAP) $ 26.34 $ 28.02

Three Months Ended Twelve Months Ended

Dollars in thousands, except per share data 3/31/2025 12/31/2025 3/31/2026 12/31/2024 12/31/2025

Basic earnings per common share computation:

Net income available to common shareholders

$ 10,406

$ 32,573

$ 25,961

$ 50,273

$ 61,829

Less: net income available to common shareholders allocated to participating securities

210

237

388

476

Net income available to common shareholders allocated to common stock

$ 10,349

$ 32,363

$ 25,724

$ 49,885

$ 61,353

Weighted average common shares outstanding, including shares considered participating securities

20,981

29,476

29,576

20,993

24,755

Less: average participating securities

114

179

259

155

169

Weighted average shares

20,867

29,297

29,317

20,838

24,586

Basic earnings per common share

$ 0.50

$ 1.10

$ 0.88

$ 2.39

$ 2.50

Diluted earnings per common share computation:

Net income available to common shareholders allocated to common stock

$ 10,349

$ 32,363

$ 25,724

$ 49,885

$ 61,353

Weighted average common shares outstanding for basic earnings per common share

20,867

29,297

29,317

20,838

24,586

Add: dilutive effect of stock compensation

103

122

Weighted average shares and dilutive potential common shares

20,925

29,400

29,439

20,900

24,669

Diluted earnings per common share

$ 0.50

$ 1.10

$ 0.88

$ 2.39

$ 2.49

Adjusted basic earnings per common share computation (non-GAAP):

Net income available to common shareholders

$ 10,406

$ 32,573

$ 25,961

$ 50,273

$ 61,829

Add: merger transaction related expenses and the provision adjustment related to adoption of ASU 2025-08, net of tax (non-GAAP)

1,487

(6,726)

11,600

Less: net income available to common shareholders allocated to participating securities

210

237

388

476

Adjustment to net income available to common shareholders allocated to participating securities for

merger transaction related expenses and the and the provision adjustment related to adoption of ASU

(41)

2025-08, net of tax (non-GAAP)

Adjusted net income available to common shareholders allocated to common stock (non-GAAP)

$ 11,828

$ 25,678

$ 25,724

$ 49,885

$ 72,874

Weighted average common shares outstanding, including shares considered participating securities

20,981

29,476

29,576

20,993

24,755

Less: average participating securities

114

179

259

155

169

Weighted average shares

20,867

29,297

29,317

20,838

24,586

Adjusted basic earnings per common share (non-GAAP)

$ 0.57

$ 0.88

$ 2.39

$ 2.96

Adjusted diluted earnings per common share computation (non-GAAP):

Adjusted net income available to common shareholders allocated to common stock (non-GAAP)

$ 11,828

$ 25,678

$ 25,724

$ 49,885

$ 72,874

Weighted average common shares outstanding for basic earnings per common share

20,867

29,297

29,317

20,838

24,586

Add: dilutive effect of stock compensation

103

122

Weighted average shares and dilutive potential common shares

20,925

29,400

29,439

20,900

24,669

Adjusted diluted earnings per common share (non-GAAP)

$ 0.57

$ 0.87

$ 0.88

$ 2.39

$ 2.95

Three Months Ended

Dollars in thousands

3/31/2025

12/31/2025

3/31/2026

Calculation of net interes t margin:

Interest income

$82,379

$115,550

$112,038

Interest expense

33,948

41,271

38,715

Net Interest Income

48,431

74,279

73,323

Average total earning assets

$5,803,526

$7,666,369

$7,761,592

Net interes t margin (GAAP) (annualized)

3.38%

3.84%

3.83%

Calculation of net interes t margin (fully tax equivalent basis) (non-GAAP):

Interest income

$82,379

$115,550

$112,038

Tax equivalent adjustment (non-GAAP)

260

338

398

Adjusted interest income (fully tax equivalent basis) (non-GAAP)

82,639

115,888

112,436

Interest expense

33,948

41,271

38,715

Net interest income (fully tax equivalent basis) (non-GAAP)

$ 48,691

$ 74,617

$ 73,721

Average total earning assets

$5,803,526

$7,666,369

$7,761,592

Less: average mark to market adjustment on investments (non-GAAP)

(48,070)

(35,243)

(32,170)

Adjusted average total earning assets, net of mark to market (non-GAAP)

$5,851,596

$7,701,612

$7,793,762

Net interes t margin, fully tax equivalent basis (non-GAAP) (annualized)

3.37%

3.84%

Disclaimer

CNB Financial Corporation published this content on April 21, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 20, 2026 at 20:52 UTC.