CNB Financial Corporation (CCNE) investor relations material

Executive summary

• Net income available to common shareholders was $26.0 million ($0.88 per diluted share) for Q1 2026, up from $10.4 million ($0.50 per share) in Q1 2025, but down from $32.6 million ($1.10 per share) in Q4 2025.

• Adjusted earnings for Q1 2026 were $25.8 million ($0.88 per share), up $0.01 per share from Q4 2025 adjusted results, driven by lower non-interest expense.

• Year-over-year earnings growth was primarily due to the ESSA acquisition, with a 54% increase in adjusted EPS compared to Q1 2025.

Financial highlights

• Total revenue was $83.3 million for Q1 2026, compared to $86.4 million in Q4 2025 and $56.9 million in Q1 2025.

• Net interest income was $73.3 million, down 1.29% sequentially, but up from $48.4 million year-over-year.

• Non-interest income was $10.0 million, down from $12.1 million in Q4 2025, but up from $8.5 million in Q1 2025.

• Total non-interest expense was $49.2 million, down from $60.1 million in Q4 2025, but up from $41.0 million in Q1 2025.

• Provision for credit losses was $998 thousand, compared to a net reversal of $15.5 million in Q4 2025 and a provision of $1.6 million in Q1 2025.

Outlook and guidance

• Management expects continued positive loan production and a strong loan pipeline for Q2 2026, with a focus on commercial and industrial loan growth and further franchise expansion.

• Strategic initiatives include optimizing the branch and market footprint post-ESSA acquisition and enhancing fee-based revenues from Wealth Management and Treasury Management.