CNB Financial Corporation (CCNE) 25th Annual KBW Community Bank Investor Conference Presentation summary

Corporate structure and market presence

• Operates 52 full-service offices, 1 drive-through, 1 mobile office, and 3 loan production offices across PA, NY, OH, and VA.

• Regional divisions include CNB Bank, FCBank, ERIEBANK, BankOnBuffalo, Ridge View Bank, and Impressia Bank, all under one charter.

• Market capitalization is approximately $549 million as of June 30, 2024.

Financial performance and growth

• Total assets reached $5.9 billion, deposits $5.1 billion, and loans $4.5 billion as of June 30, 2024.

• Asset growth CAGR since 2005 is 11.7%, with significant capital raises and acquisitions supporting expansion.

• Tangible book value per share grew at an 8.1% CAGR from 2014 to 2024 YTD.

• Return on average tangible common equity (ROATCE) for 2024 YTD is 9.85%.

• Diluted earnings per share for the last twelve months is $2.33.

Capital and dividend management

• Strong capital position with 8.30% tangible common equity/tangible assets and 11.71% total risk-based capital ratio as of June 30, 2024.

• Dividend yield is 3.43% and payout ratio is 32% as of June 30, 2024.

• Long, uninterrupted history of dividends to common shareholders.