CNB Financial Corporation (CCNE) investor relations material

Executive summary

• Net income was $27.2 million ($0.91 per diluted share) in Q2 2026, up from $26.0 million in Q1 2026 and $12.9 million in Q2 2025, reflecting strong profitability and capital levels, driven by higher net interest and non-interest income.

• Total revenue rose 5.19% from the prior quarter to $87.6 million, driven by higher net interest income and non-interest income.

• Loan portfolio grew to $6.5 billion, while deposits totaled $7.1 billion, reflecting a slight decrease from the prior quarter.

• Completed partial redemption of $50 million in subordinated notes, enhancing capital structure and leaving $35 million outstanding.

• For the six months ended June 30, 2026, net income was $53.2 million ($1.79 per diluted share), up from $23.3 million in the prior year period.

Financial highlights

• Return on Average Tangible Common Equity (ROATCE) reached 15.20%, and Return on Average Equity was 12.65% in Q2 2026.

• Net interest margin (fully tax equivalent) improved to 3.89%, up from 3.84% in Q1 2026.

• Efficiency ratio (fully tax equivalent) improved to 56.14% in Q2 2026.

• Allowance for credit losses/total loans at 1.04%; nonperforming assets/total assets at 0.69%.

• Tangible book value per common share was $24.73 as of June 30, 2026.

Outlook and guidance

• Management emphasizes consistent profitability, disciplined underwriting, and a focus on long-term shareholder value.

• Substantial liquidity and capital levels position the company to support growth and navigate market cycles.

• Management highlighted strong commercial loan production, continued relationship growth in treasury management, and a sound loan pipeline for Q3 2026.

• The company expects further growth opportunities in both commercial and retail deposit generation.