CNB Financial Corporation (CCNE) investor relations material

Executive summary

• Net income available to common shareholders was $27.2 million ($0.91 per diluted share) for Q2 2026, up from $26.0 million ($0.88) in Q1 2026 and $12.9 million ($0.61) in Q2 2025, reflecting strong post-merger performance and core franchise growth.

• Achieved fourth consecutive quarter of EPS growth, with Q2 2026 diluted EPS at $0.91, up from $0.88 in Q1 2026 and $0.61 in Q2 2025.

• Realized and exceeded projected benefits from the ESSA acquisition, with parallel growth in legacy divisions and successful integration of six branded operating divisions.

• Annualized return on average equity rose to 12.65% from 8.83% year-over-year; return on average tangible common equity increased to 15.20% from 9.71%.

• Efficiency ratio improved to 56.14% in Q2 2026 from 64.08% in Q2 2025.

Financial highlights

• Operating revenues rose 43% year-over-year to $87.6 million in Q2 2026 from $61.2 million in Q2 2025.

• Net interest income for Q2 2026 was $76.3 million, up 46.3% from $52.2 million in Q2 2025.

• Net interest margin (fully tax-equivalent) was 3.89% in Q2 2026, up from 3.84% in Q1 2026 and 3.59% in Q2 2025.

• Tangible book value per common share was $24.73 at June 30, 2026, up from $23.97 at March 31, 2026.

• Dividend yield was 2.25% as of June 30, 2026, supporting attractive total shareholder return.

Outlook and guidance

• Focus remains on maximizing ESSA merger benefits and organic growth, with selective M&A considered for strategic fit and scale, especially in the current four-state footprint.

• Management expects further growth opportunities in both commercial and retail deposit generation, with a strong loan pipeline for Q3 2026.

• Plans to expand through loan production offices and branch presence in contiguous markets, targeting commercial and industrial lending opportunities.

• 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.