CCNE

CNB Financial Corporation recently reported past second-quarter and year-to-date 2026 results, highlighting net interest income of US$76.34 million and net income of US$28.3 million for the quarter, along with lower net loan charge-offs of US$1.44 million compared with the prior year. The combination of stronger earnings and reduced loan charge-offs points to improved profitability and credit performance, factors that can be important for how investors view a regional bank’s resilience. With this backdrop of higher net interest income, we’ll now explore what these developments could mean for CNB Financial’s investment narrative. The future of work is here. Discover the 35 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. To own CNB Financial, you really have to believe in a fairly straightforward story: a regional bank that can translate disciplined lending and stable funding into consistent, if unspectacular, earnings growth and dividends. The latest quarter, with higher net interest income and lower net loan charge-offs, reinforces that narrative by suggesting better margin capture alongside improving credit performance. Those results also come on the heels of the subordinated debt redemption and the new buyback authorization, which may influence near term catalysts around capital deployment and shareholder returns. At the same time, modest forecast revenue growth and a still low, though improving, return on equity keep execution risk front and center. The recent news fits in as evidence of progress, but not a reset of the core risks. However, investors should be aware of how quickly credit quality trends can shift. Upon reviewing our latest valuation report, CNB Financial's share price might be too pessimistic. Three Simply Wall St Community fair value views span roughly US$37 to over US$80 per share, underlining how far apart private investors can be. Set against the recent earnings strength and improving charge offs, this spread invites you to weigh whether today’s profitability is sustainable or already reflected in expectations. Explore 3 other fair value estimates on CNB Financial - why the stock might be worth just $37.25! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your CNB Financial research is our analysis highlighting 5 key rewards and 1 important warning sign that could impact your investment decision. Our free CNB Financial research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate CNB Financial's overall financial health at a glance. Right now could be the best entry point. These picks are fresh from our daily scans. Don't delay: Capitalize on the AI infrastructure supercycle with our selection of the 56 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. Invest in the nuclear renaissance through our list of 89 elite nuclear energy infrastructure plays powering the global AI revolution. We've uncovered the 8 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CCNE. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in CNB Financial Corporation? Here are five stocks we like better. CNB Financial reported strong Q2 results: Diluted EPS rose 49% year over year to $0.91, while operating revenue increased 43% to more than $87 million. The net interest margin and efficiency ratio also improved. Loan growth remained solid, led by an 18.2% annualized increase in commercial and industrial lending. Deposit balances declined due to a strategy of reducing higher-cost relationships, though underlying deposits grew 4% and non-interest-bearing deposits rose 8.1% annualized. Credit quality was largely stable and acquisition benefits are exceeding expectations: CNB expects ESSA’s earnback period to be under 18 months, versus an original three-year estimate, while evaluating additional acquisitions and expansion within its four-state footprint. CNB Financial (NASDAQ:CCNE) reported second-quarter 2026 diluted earnings per share of $0.91, up from $0.88 in the first quarter and representing a 49% increase from the second quarter of 2025, as the company cited benefits from its 2025 acquisition of ESSA and continued growth across its legacy banking divisions. President and CEO Michael Peduzzi said the second quarter marked the company’s fourth consecutive quarter of earnings-per-share growth, excluding one-time merger-related and GAAP adoption costs, since the period immediately preceding the ESSA transaction. CNB acquired ESSA in July 2025. → 3 Drone Stocks That Should Soar After the Summer Slump Operating revenue exceeded $87 million in the second quarter, compared with more than $61 million a year earlier, a 43% increase. The company’s fully tax-equivalent efficiency ratio improved to approximately 56% from just under 65% in the prior-year quarter. Chief Financial Officer Tito Lima said the quarterly earnings increase equated to a 13.7% annualized gain from the first quarter, driven primarily by net interest margin. CNB’s fully tax-equivalent net interest margin was 3.89% in the second quarter, compared with 3.84% in the prior quarter. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth Return on tangible common equity rose to 15.2% from 14.9% in the first quarter. Meanwhile, tangible book value per common share increased at a 12.7% annualized rate during the quarter, Lima said. He also cited the company’s dividend yield of approximately 2%. Peduzzi said the company’s post-merger revenue growth, earnings accretion and expense management have aligned with the assumptions used in its ESSA merger modeling. He said CNB has performed better than originally modeled because the acquired ESSA business and the company’s five other banking divisions have both contributed to growth. → Jersey Mike's Serves Fresh Gains After IPO Stumble Originated loans, excluding syndicated loans, grew at an annualized rate of 4.1% from the first quarter. Commercial and industrial lending was the main contributor, with that portfolio growing at an 18.2% annualized rate, according to Lima. Total deposits, including deposits held for sale, declined at a 3.8% annualized rate from the first quarter. Lima said the decline was entirely related to CNB’s net interest margin strategy of using excess liquidity to exit higher-cost, single-thread deposit relationships. Excluding that corporate strategy, deposits including deposits held for sale increased at a 4% annualized rate. Non-interest-bearing deposits grew at an 8.1% annualized rate, which Lima attributed primarily to expansion in the company’s treasury management business. CNB’s available liquidity stood at 4.8 times adjusted uninsured deposits, Lima said. Peduzzi said the company’s allowance for credit losses amounted to 1.04% of loans in both the first and second quarters. Net charge-offs were 9 basis points in the second quarter, up from 6 basis points in the first quarter, while delinquencies were essentially stable at 81 basis points, compared with 80 basis points. Non-performing assets as a percentage of total assets increased to 69 basis points from 58 basis points in the first quarter. Peduzzi characterized the increase as related to a one-off credit rather than a broader industry or underwriting-policy issue, adding that the company views its overall credit metrics as consistent with its conservative underwriting profile. During the question-and-answer session, Peduzzi said CNB expects the ESSA transaction’s earnback period to be less than 18 months, compared with an original projection of three years. The company is focused on ensuring that the integration continues to operate smoothly following the November 2025 systems conversion, he said. Peduzzi said CNB has the scale to pursue additional acquisition opportunities but intends to consider its approach to growth in light of the $10 billion asset threshold and the potential impact of the Durbin Amendment. He said the company does not want to acquire institutions simply to move close to that threshold without sufficient earnings and revenue growth to support the change. The company expects any potential acquisitions to focus largely on gaps within its existing four-state footprint. CNB operates under six branded divisions: CNB Bank in west-central Pennsylvania; ERIEBANK in northwestern Pennsylvania and northeast Ohio; BankOnBuffalo in western New York; FCBank in the Greater Columbus, Ohio, market; Ridge View Bank in southern Virginia; and ESSA Bank in northeastern Pennsylvania. Peduzzi also said the company plans to continue using loan production offices as a means of expanding into adjacent markets, particularly where commercial and industrial lending and treasury management opportunities are available. He identified potential opportunities in markets such as Dayton and Akron, Ohio, while noting that CNB is also evaluating further expansion in State College, Pennsylvania. Separately, CNB appointed George Leugers as president of its FCBank division during the second quarter. Leugers succeeded Jenny Saunders, who retired in April. Peduzzi said Leugers brings commercial banking experience and market knowledge to the Greater Columbus business. The company also disclosed that board member Gary Olson resigned from CNB’s board. Olson had joined CNB’s board following the ESSA acquisition and previously served ESSA Bank for more than 40 years, including as its president and CEO. CNB Financial Corporation (NASDAQ: CCNE) is a bank holding company headquartered in Clearfield, Pennsylvania. The company operates through its wholly owned subsidiary, CNB Bank & Trust, providing a full suite of community banking services. With a focus on relationship-driven banking, CNB Financial seeks to serve individuals, small businesses and agricultural clients across central Pennsylvania. The company's core offerings include deposit products such as checking accounts, savings accounts, money market accounts and certificates of deposit. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "CNB Financial Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

CLEARFIELD, Pa., July 23, 2026 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three and six months ended June 30, 2026. Key Financial Trends Earnings - Net income available to common shareholders ("earnings") was $27.2 million, or $0.91 per diluted share, for the three months ended June 30, 2026, compared to $26.0 million, or $0.88 per diluted share, for the three months ended March 31, 2026, and $12.9 million, or $0.61 per diluted share, for the three months ended June 30, 2025. Earnings for the three months ended June 30, 2026 increased $1.3 million, or $0.03 per diluted share, compared to earnings for the three months ended March 31, 2026. Loans - Excluding $93.9 million of syndicated loan balances, loans were $6.4 billion as of June 30, 2026. During the three months ended June 30, 2026, organic loans increased by $64.3 million, or 1.01% (4.06% annualized), from March 31, 2026.1 The increase in organic loans was primarily driven by growth in commercial and industrial loans. Deposits - At June 30, 2026, total deposits were $7.1 billion. Including $81.3 million in deposits classified as held for sale, organic deposits declined for the quarter by $68.4 million, or 0.95% (3.80% annualized), compared to March 31, 2026.1 The second quarter of 2026 included the exit of a higher cost municipal deposit relationship totaling approximately $140.0 million, with an average interest cost of 3.49%. Excluding the impact of this exit, total deposits increased approximately $71.6 million, or 0.99% (3.97% annualized), compared to the first quarter of 2026.1 Noninterest-bearing deposits increased for the quarter by $22.7 million, or 2.01% (8.07% annualized), compared to March 31, 2026, primarily driven by treasury management customer relationships. Borrowings - On June 15, 2026, the Corporation completed the redemption of $50.0 million of its 3.25% Fixed-to-Floating Rate Subordinated Notes due June 15, 2031 (the “Subordinated Notes”). Upon completion of the partial redemption, $35.0 million in principal amount of the Subordinated Notes remained outstanding. The interest rate on the remaining Subordinated Notes reset to a floating rate and will reset quarterly thereafter at an annual rate equal to the then-current three-month average Secured Overnight Financing Rate ("SOFR") plus 2.58%. Net Interest Margin - Net interest margin was 3.88% for the three months ended June 30, 2026, compared to 3.83% for the three months ended March 31, 2026. Net interest margin on a fully tax-equivalent basis, a non-GAAP measure, was 3.89% and 3.84%, for the three months ended June 30, 2026 and March 31, 2026, respectively.1 Included in net interest margin on a fully tax-equivalent basis was $4.8 million and $3.0 million of purchase accounting loan accretion for the three months ended June 30, 2026 and March 31, 2026, respectively. Credit Quality - Total nonperforming assets were approximately $58.4 million, or 0.69% of total assets, as of June 30, 2026, compared to $49.2 million, or 0.58% of total assets, as of March 31, 2026. The increase in nonperforming assets was primarily the result of one commercial and industrial relationship of approximately $8.5 million, as discussed in more detail below. Capital - Book value per common share was $28.75 and $28.06 at June 30, 2026 and March 31, 2026, respectively. Book value per common share for June 30, 2026 reflects an increase of $0.69, or 2.46%, compared to book value per common share at March 31, 2026. 1 This release contains references to certain financial measures that are not defined by U.S. Generally Accepted Accounting Principles ("GAAP"). Management believes that these non-GAAP measures provide a greater understanding of ongoing operations, enhance the comparability of results of operations with prior periods, and reflect the effects of significant gains and charges in the periods presented. A reconciliation of these non-GAAP financial measures is provided in the "Reconciliation of Non-GAAP Financial Measures" section. Executive Summary Earnings were $27.2 million, or $0.91 per diluted share, for the three months ended June 30, 2026, compared to $26.0 million, or $0.88 per diluted share, for the three months ended March 31, 2026, and $12.9 million, or $0.61 per diluted share, for the three months ended June 30, 2025. Earnings for June 30, 2026 increased $1.3 million, or $0.03 per diluted share, compared to earnings for the three months ended March 31, 2026. The quarterly increase in earnings was driven by higher net interest income and non-interest income, partially offset by higher non-interest expense, as discussed below. Earnings were $53.2 million, or $1.79 per diluted share, for the six months ended June 30, 2026, compared to $23.3 million, or $1.10 per diluted share, for the six months ended June 30, 2025. At June 30, 2026, loans totaled $6.4 billion, excluding $93.9 million of syndicated loans. Organic loans increased $64.3 million, or 1.01% (4.06% annualized), compared to March 31, 2026. Excluding $1.7 billion in loans, net of estimated purchase accounting fair value adjustments, acquired in the ESSA acquisition, organic loan growth was $106.8 million, or 2.30%, compared to June 30, 2025.1 The increase in loans for the quarter ended June 30, 2026, compared to the quarter ended March 31, 2026, was primarily driven by an increased level of commercial and industrial loans. The year-over-year growth in loans as of June 30, 2026, compared to June 30, 2025, was primarily driven by growth in the Ridge View Bank and ERIEBANK markets. The year-over-year growth was also significantly impacted by an increased level of commercial real estate ("CRE") loan prepayments, including full repayments of $71.4 million of CRE loans acquired in 2025 as a result of the ESSA acquisition, and a full payoff of $40.0 million of the Corporation’s largest office building loan related to a CRE property in the BankOnBuffalo division. At June 30, 2026, total deposits were $7.1 billion. Including $81.3 million in deposits classified as held for sale, organic deposits declined for the quarter by $68.4 million, or 0.95% (3.80% annualized), compared to March 31, 2026.1 Excluding $1.5 billion in deposits assumed in the ESSA acquisition (net of estimated purchase accounting fair value adjustments), and including $81.3 million in deposits classified as held for sale, total deposits increased $238.9 million, or 4.37%, compared to June 30, 2025.1 Noninterest-bearing deposits increased for the quarter by $22.7 million, or 2.01% (8.07% annualized), compared to March 31, 2026, primarily driven by treasury management customer relationships. The $81.3 million in deposits classified as held for sale as of June 30, 2026 are associated with a planned sale of certain customer deposit accounts that are part of a broader strategic initiative to optimize the Corporation’s branch and market footprint following the ESSA acquisition. The quarter-over-quarter decrease in organic deposit balances as of June 30, 2026, compared to March 31, 2026, was driven primarily by the exit of a higher cost municipal deposit relationship totaling approximately $140.0 million (weighted average rate of 3.49%). Excluding the impact of this exit, total deposits increased approximately $71.6 million or 0.99% (3.97% annualized), compared to the first quarter of 2026.1 Additional deposit and liquidity profile details were as follows: At June 30, 2026 and March 31, 2026, the Corporation had $164.0 million outstanding in short-term borrowings. The Corporation had no outstanding short-term borrowings at June 30, 2025. The increase in short-term borrowings at June 30, 2026 compared to June 30, 2025 was attributable to borrowings assumed with the ESSA acquisition. At June 30, 2026, the Corporation's pre-tax net unrealized losses on the combined portfolios of available-for-sale and held-to-maturity securities totaled $54.8 million, or 6.02% of total shareholders' equity, compared to $51.9 million, or 5.83% of total shareholders' equity, at March 31, 2026, and $55.6 million, or 8.73% of total shareholders' equity, at June 30, 2025. The change in unrealized losses during the second quarter of 2026 compared to the first quarter of 2026, as well as for the quarter ended June 30, 2025, was primarily due to changes in the yield curve, coupled with the Corporation’s scheduled bond maturities, which were all realized at par. Importantly, all regulatory capital ratios for the Corporation would still exceed regulatory “well-capitalized” levels as of June 30, 2026, March 31, 2026, and June 30, 2025 if the net unrealized losses at the respective dates were fully recognized. Total nonperforming assets were $58.4 million, or 0.69% of total assets, as of June 30, 2026, compared to $49.2 million, or 0.58% of total assets, as of March 31, 2026, and were $30.4 million, or 0.48% of total assets, as of June 30, 2025. The increase of $9.2 million at June 30, 2026 compared to March 31, 2026 was primarily driven by one commercial and industrial relationship (specific reserve of $3.0 million). The $28.0 million increase at June 30, 2026 compared to June 30, 2025 was primarily driven by the addition of the previously discussed commercial and industrial relationship for $8.5 million, one previously disclosed commercial relationship for $6.9 million, and certain ESSA-related additions for $9.2 million. Net loan charge-offs for the three months ended June 30, 2026 were $1.4 million, or 0.09% (annualized) of average total loans and loans held for sale, compared to net loan charge-offs of $884 thousand, or 0.06% (annualized) of average total loans and loans held for sale, during the three months ended March 31, 2026, and $3.3 million, or 0.28% (annualized) of average total loans and loans held for sale, during the three months ended June 30, 2025. Pre-provision net revenue ("PPNR"), a non-GAAP measure, was $36.9 million for the three months ended June 30, 2026 and $34.1 million and $21.6 million for the three months ended March 31, 2026 and June 30, 2025, respectively.1 Excluding merger and integration costs, adjusted PPNR was $21.9 million for the three months ended June 30, 2025.1 The quarter-over-quarter change in PPNR was driven by higher net interest income and non-interest income, partially offset by higher non-interest expense. For the three months ended June 30, 2026, the increase compared to the three months ended June 30, 2025 was primarily attributable to stronger net interest income and non-interest income, partially offset by higher non-interest expenses. PPNR was $71.1 million for the six months ended June 30, 2026, compared to $37.5 million for the six months ended June 30, 2025.1 Excluding merger and integration costs, adjusted PPNR was $39.4 million for the six months ended June 30, 2025.1 The year-to-date 2026 PPNR when compared to the year-to-date 2025 PPNR, excluding merger and integration costs, reflected increases in net interest income and non-interest income, partially offset by an increase in non-interest expense. Michael Peduzzi, President and CEO of both the Corporation and CNB Bank, stated, “Our second quarter earnings and financial position reflect several positive developments for CNB, and position us well for the future. In managing our capital and debt structure, during the second quarter, we called $50 million of subordinated debt that was going to reprice at a higher interest rate to the Corporation. Given our success in recent years in building a stronger common equity base with the combination of sound and increasing retained earnings, a common capital raise, and acquisition activities, we were well positioned to complete this substantial and cost-beneficial redemption without compromising our regulatory capital strength. Also during the quarter, we experienced favorable net growth and increased production momentum in our commercial loan portfolio, adding new relationships and expanding borrowing positions with qualitative customers in an increasingly competitive lending environment. This favorable commercial customer production, which more than offset some headwinds from increased loan prepayments, paralleled continued relationship growth in our Treasury Management activities. These volume increases in some of our core net interest income components were complemented by a favorable net interest margin, supported by a continued realized reduction in our average cost of funds. We continue to see both a sound loan pipeline and both commercial and retail deposit generation opportunities for further growth as we enter the third quarter. Importantly, as we release these second quarter earnings, we recently celebrated the one-year anniversary of the July 23, 2025 acquisition of ESSA. As we look back on the past year, the benefit of hindsight reflects the successful addition and integration of this wonderful franchise and so many valued employees and clients. The professionalism, credit quality and system integration and efficiency expectations we had prior to and at the time of the ESSA acquisition have been and continue to be realized. With so many incredible and customer-focused leaders in our ESSA division, we see further opportunities to deliver great retail and commercial banking, and wealth management experiences, for clients in the Northeastern Pennsylvania markets served by ESSA. Our optimism is supported by the favorable growth in both existing relationship building and new clients being added across our lines of business in our other legacy divisions. Concurrent with these continuing franchise growth efforts, we remain focused on tightly managing the Corporation’s core overhead. Our efficiency ratio reflects not only the economies-of-scale cost efficiencies from the ESSA acquisition, but also process efficiencies including the greater effective use of automation as we continuously challenge how we deliver our products and services without any compromise to our security, quality, and internal control standards. Achieving positive operating leverage that leads to meaningful returns, built on a foundation of security and financial soundness, and delivered by engaged banking and wealth management professionals, remains our driving commitment." Other Balance Sheet Highlights Book value per common share was $28.75, $28.06, and $27.44 at June 30, 2026, March 31, 2026, and June 30, 2025, respectively. Excluding merger transaction related expenses, book value per common share was $27.53 at June 30, 2025.1 Book value per common share for June 30, 2026 reflects an increase of $0.69, or 2.46%, compared to book value per common share at March 31, 2026. The increase in book value per common share from March 31, 2026 to June 30, 2026 was primarily due to an increase in retained earnings (net of the payment of common and preferred stock dividends), partially offset by an increase in accumulated other comprehensive loss primarily from the after-tax impact of temporary unrealized valuation changes in the Corporation’s available-for-sale investment portfolio. The increase in book value per common share, excluding merger transaction related expenses, from June 30, 2025 to June 30, 2026 was primarily driven by the increase in additional paid-in capital resulting from the ESSA acquisition, together with growth in retained earnings, net of common and preferred stock dividends.1 These increases were partially offset by a higher accumulated other comprehensive loss, primarily reflecting the after-tax impact of temporary unrealized valuation changes in the Corporation's available-for-sale investment portfolio. Tangible book value per common share, a non-GAAP measure, was $24.73, $23.97, and $25.35 as of June 30, 2026, March 31, 2026, and June 30, 2025, respectively.1 Excluding merger transaction related expenses, tangible book value per common share was $25.44 as of June 30, 2025.1 Tangible book value per common share for June 30, 2026 reflects an increase of $0.76, or 3.17%, compared to tangible book value per common share as of March 31, 2026. Adjusted tangible book value per common share (non-GAAP) decreased $0.71, or 2.79%, from June 30, 2025 to June 30, 2026, primarily due to the issuance of 8.4 million common shares as consideration for the ESSA acquisition and the addition of acquisition-related goodwill and core deposit intangibles of $43.6 million and $31.5 million, respectively, coupled with an increase in accumulated other comprehensive loss, primarily reflecting the after-tax impact of temporary unrealized valuation changes in the Corporation's available-for-sale investment portfolio.1 These factors were partially offset by growth in retained earnings, net of common and preferred stock dividends. Loan Portfolio Profile As part of its lending policy and risk management activities, the Corporation tracks lending exposure by industry classification and type to determine potential risks associated with industry concentrations, and to identify any concentration risk issues that could lead to additional credit loss exposure. An important and recurring part of this process involves the Corporation’s continued measurement and evaluation of its exposure to the office, hospitality, and multifamily industries within its commercial real estate portfolio. Even with the Corporation’s historically sound underwriting protocols and high credit quality standards for borrowers in the commercial real estate industry segments, the Corporation monitors numerous relevant sensitivity elements, including occupancy, loan-to-value, absorption and cap rates, debt service coverage and covenant compliance, and developer/lessor financial strength both in the project and globally. At June 30, 2026, the Corporation had the following key metrics related to its office, hospitality, and multifamily portfolios with such metrics including the impact on the respective portfolios of loans acquired during the third quarter of 2025 from the ESSA acquisition, as well as notable early payoffs of larger CRE credits occurring in the first quarter of 2026 as previously noted: The Corporation had no commercial office, hospitality or multifamily loan relationships considered by the banking regulators to be high volatility commercial real estate ("HVCRE") credits. No credits acquired from ESSA were considered HVCRE. Performance Ratios Annualized return on average equity was 12.65%, 12.36%, and 8.83% for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively. Excluding merger transaction related expenses, annualized return on average equity was 9.06% for the three months ended June 30, 2025.1 Annualized return on average equity was 12.51% for the six months ended June 30, 2026. Annualized return on average equity was 8.18% for the six months ended June 30, 2025. Excluding merger transaction related expenses, annualized return on average equity was 8.78% for the six months ended June 30, 2025.1 Annualized return on average tangible common equity, a non-GAAP measure, was 15.20%, 14.89% and 9.71% for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively.1 Excluding merger transaction related expenses, annualized return on average tangible common equity was 9.98% for the three months ended June 30, 2025.1 Annualized return on average tangible common equity was 15.04% for the six months ended June 30, 2026. Annualized return on average tangible common equity was 8.95% for the six months ended June 30, 2025. Excluding merger transaction related expenses, annualized return on average tangible common equity was 9.66% for the six months ended June 30, 2025.1 The Corporation's efficiency ratio was 57.86%, 59.03% and 64.73% for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively, and 56.14%, 57.32% and 64.08%, respectively, on a fully tax-equivalent basis, a non-GAAP measure.1 Excluding merger and integration costs, the efficiency ratio on a fully tax-equivalent basis was 63.50% for the three months ended June 30, 2025.1 The linked-quarter decrease, on a fully tax-equivalent basis, represented an improvement of 118 basis points compared to March 31, 2026, primarily driven by higher net interest income and non-interest income, as further discussed below. The year-over-year decrease was primarily driven by an increase in net interest income, partially offset by an increase in non-interest expense. The Corporation's efficiency ratio was 58.43% for the six months ended June 30, 2026, and 56.71% on a fully tax-equivalent basis, a non-GAAP measure.1 The Corporation's efficiency ratio was 68.27% for the six months ended June 30, 2025, and 67.55% on a fully tax-equivalent basis, a non-GAAP measure.1 Excluding merger and integration costs, the efficiency ratio on a fully tax-equivalent basis was 65.97% for the six months ended June 30, 2025. The year-over-year decrease was primarily driven by higher net interest income, partially offset by higher non-interest expense. Revenue Total revenue (net interest income plus non-interest income) was $87.6 million for the three months ended June 30, 2026, compared to $83.3 million and $61.2 million for the three months ended March 31, 2026 and June 30, 2025, respectively. Total revenue was $171.0 million for the six months ended June 30, 2026 compared to $118.1 million for the six months ended June 30, 2025. Total non‑interest income was $11.3 million for the three months ended June 30, 2026, compared to $10.0 million and $9.0 million for the three months ended March 31, 2026 and June 30, 2025, respectively. The quarter-over-quarter increase was primarily attributable to higher net realized and unrealized gains on equity securities, and an increase in wealth and asset management fees, partially offset by a decrease in net realized gains on available-for-sale securities. The year-over-year increase in non-interest income was primarily driven by increases in wealth and asset management fees, card processing and interchange income, and higher service charges on deposits. Total non-interest income was $21.3 million for the six months ended June 30, 2026 compared to $17.5 million for the six months ended June 30, 2025. This increase was primarily due to higher wealth and asset management fees, card processing and interchange income, and service charges on deposits, partially offset by lower pass-through income from small business investment companies ("SBICs"). Non-Interest Expense For the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, total non‑interest expense was $50.7 million, $49.2 million, and $39.6 million, respectively. Excluding merger and integration costs, total non‑interest expense for the three months ended June 30, 2025 was $39.3 million.1 The quarter-over-quarter increase of $1.5 million, or 3.09%, was primarily driven by increases in state and local taxes, FDIC insurance premiums, and other non-interest expenses, including the timing of business development-related costs, partially offset by lower salaries and employee benefits expense. The increase in state and local taxes was primarily due to an $852 thousand sales tax refund recognized during the three months ended March 31, 2026. The decrease in salaries and employee benefits expense reflected disciplined hiring as the Corporation continues to integrate employees and operational processes associated with the ESSA acquisition, as well as lower incentive compensation accruals resulting from reduced anticipated payout levels. Excluding merger and integration costs, the $11.4 million, or 29.16%, increase in non-interest expense compared to the three months ended June 30, 2025 was primarily attributable to personnel, occupancy and facilities costs, software licensing expenses, higher core system volume-based fees, and other operating costs associated with the ESSA acquisition. For the six months ended June 30, 2026 total non-interest expense was $99.9 million compared to $80.7 million for the six months ended June 30, 2025. Excluding merger and integration costs, total non‑interest expense for the six months ended June 30, 2025 was $78.8 million.1 Excluding merger and integration costs, the increase of $21.1 million, or 26.82%, compared to the six months ended June 30, 2025, was primarily attributable to higher personnel, occupancy and facilities costs, software licensing expenses, increased core system volume-based fees, and other operating costs associated with the ESSA acquisition. Income Taxes Income tax expense for the three months ended June 30, 2026 was $6.9 million, representing a 19.50% effective tax rate, compared to $6.1 million, representing an 18.41% effective tax rate, for the three months ended March 31, 2026, and $3.3 million, representing a 19.10% effective tax rate, for the three months ended June 30, 2025. Income tax expense for the six months ended June 30, 2026 was $13.0 million, representing an 18.97% effective tax rate, compared to $6.2 million, representing a 19.49% effective tax rate, for the six months ended June 30, 2025. Asset Quality Total nonperforming assets were $58.4 million, or 0.69% of total assets, as of June 30, 2026, compared to $49.2 million, or 0.58% of total assets, as of March 31, 2026, and $30.4 million, or 0.48% of total assets, as of June 30, 2025, as discussed in more detail above. The allowance for credit losses measured as a percentage of total loans was 1.04% as of June 30, 2026, compared to 1.04% as of March 31, 2026, and 1.02% as of June 30, 2025. In addition, the allowance for credit losses as a percentage of nonaccrual loans was 123.00% as of June 30, 2026, compared to 145.33% and 169.52% as of March 31, 2026 and June 30, 2025, respectively. The provision for credit losses was $1.8 million for the three months ended June 30, 2026, compared to $998 thousand for the three months ended March 31, 2026, and $4.3 million for the three months ended June 30, 2025. The $779 thousand quarter-over-quarter increase in the provision for credit losses was primarily driven by a charge-off of one commercial loan (balance of approximately $2.4 million with a specific reserve balance of $1.2 million) that was transferred to other real estate owned, as well as continued loan portfolio growth. The $2.6 million decrease compared to the three months ended June 30, 2025, was primarily attributable to two previously disclosed commercial real estate charge-offs recognized during the second quarter of 2025. The provision for credit losses was $2.8 million for the six months ended June 30, 2026, compared to $5.9 million for the six months ended June 30, 2025. The $3.1 million decrease in the provision for credit losses compared to the six months ended June 30, 2025, was primarily attributable to two previously disclosed commercial real estate charge-offs recognized during the prior-year period. As discussed in more detail above, for the three months ended June 30, 2026, net loan charge-offs were $1.4 million, or 0.09% (annualized) of average total loans and loans held for sale, compared to $884 thousand, or 0.06% (annualized) of average total loans and loans held for sale, during the three months ended March 31, 2026, and $3.3 million, or 0.28% (annualized) of average total loans and loans held for sale, during the three months ended June 30, 2025. Net loan charge-offs were $2.3 million, or 0.07% (annualized) for the six months ended June 30, 2026, compared to $4.7 million, or 0.21% (annualized) for the six months ended June 30, 2025. Capital As of June 30, 2026, the Corporation’s total shareholders’ equity was $909.4 million, representing an increase of $20.3 million, or 2.29%, from March 31, 2026, and an increase of $272.2 million, or 42.71%, from June 30, 2025. The quarter-over-quarter increase was primarily driven by growth in retained earnings of $21.6 million, net of the payment of common and preferred stock dividends, partially offset by a $2.3 million increase in accumulated other comprehensive loss. The year-over-year increase was primarily driven by a $206.1 million increase in additional paid-in capital related to the ESSA acquisition, growth in retained earnings of $69.9 million, net of the payment of common and preferred stock dividends, partially offset by a $3.1 million increase in accumulated other comprehensive loss, during the twelve months ended June 30, 2026. Regulatory capital ratios for the Corporation continue to exceed regulatory “well-capitalized” levels as of June 30, 2026, consistent with prior periods. As of June 30, 2026, the Corporation’s ratio of common shareholders' equity to total assets was 10.10% compared to 9.76% at March 31, 2026 and 9.17% at June 30, 2025. As of June 30, 2026, March 31, 2026, and June 30, 2025, the Corporation’s ratio of tangible common equity to tangible assets, a non-GAAP measure, was 8.81%, 8.46%, and 8.53%, respectively.1 Excluding merger transaction related expenses, the Corporation’s ratio of tangible common equity to tangible assets, a non-GAAP measure, as of June 30, 2025 was 8.56%.1 The increase in the ratio of tangible common equity to tangible assets compared to June 30, 2025 was primarily the result of an increase in retained earnings (net of the payment of common and preferred stock dividends), partially offset with an increase in accumulated other comprehensive loss, and the impacts of the ESSA acquisition. Conference Call The Corporation will host an earnings conference call on Thursday, August 6, 2026 at 1:00 p.m. Eastern Time. The direct dial number for the call is (877) 270-2148. Participants should ask to join the CNB Financial Corporation earnings conference call. For those unable to participate in the conference call, a replay will be available. To access the replay, dial (855) 669-9658 using the access code 5617838, from two hours after the end of the call until August 20, 2026. The conference call, as well as the replay, are also available (listen-only) by internet webcast at www.cnbbank.bank in the Investor Relations section. About CNB Financial Corporation CNB Financial Corporation is a financial holding company with consolidated assets of approximately $8.4 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division, and 79 offices comprised of one loan production office, one mobile office, two limited service offices, and 75 full-service offices in Pennsylvania, Ohio, New York, and Virginia. CNB Bank, headquartered in Clearfield, Pennsylvania, with offices in Central and North Central Pennsylvania, serves as the multi-brand parent to various divisions. These divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in Northwest Pennsylvania and Northeast Ohio; FCBank, based in Columbus, Ohio, with offices in Central Ohio; BankOnBuffalo, based in Buffalo, New York, with offices in Western New York; Ridge View Bank, based in Roanoke, Virginia, with offices in the Southwest Virginia region; and ESSA Bank, based in Stroudsburg, Pennsylvania, with offices in Northeast Pennsylvania, including the Lehigh Valley region. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank. Forward-Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the Corporation’s financial condition, liquidity, results of operations, future performance and business. These forward-looking statements are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that are not historical facts. Forward-looking statements include statements with respect to beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors (some of which are beyond the Corporation’s control). Forward-looking statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “forecasts,” “intends,” “plans,” “targets,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would” and “could.” The Corporation’s actual results may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Such known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from the statements, include, but are not limited to, (i) adverse changes or conditions in capital and financial markets, including actual or potential stresses in the banking industry; (ii) changes in interest rates; (iii) the credit risks of lending activities, including our ability to estimate credit losses and the allowance for credit losses, as well as the effects of changes in the level of, and trends in, loan delinquencies and write-offs; (iv) effectiveness of our data security controls in the face of cyber attacks and any reputational risks following a cybersecurity incident; (v) changes in general business, industry or economic conditions or competition; (vi) changes in any applicable law, rule, regulation, policy, guideline or practice governing or affecting financial holding companies and their subsidiaries or with respect to tax or accounting principles or otherwise; (vii) adverse economic effects from international trade disputes, including threatened or implemented tariffs imposed by the U.S. and threatened or implemented tariffs imposed by foreign countries in retaliation, or similar events impacting economic activity; (viii) higher than expected costs or other difficulties related to integration of combined or merged businesses; (ix) the effects of business combinations and other acquisition transactions, including the inability to realize our loan and investment portfolios; (x) changes in the quality or composition of our loan and investment portfolios; (xi) adequacy of loan loss reserves; (xii) increased competition; (xiii) loss of certain key officers; (xiv) deposit attrition; (xv) rapidly changing technology; (xvi) unanticipated regulatory or judicial proceedings and liabilities and other costs; (xvii) changes in the cost of funds, demand for loan products or demand for financial services; and (xviii) other economic, competitive, governmental or technological factors affecting our operations, markets, products, services and prices. Such developments could have an adverse impact on the Corporation's financial position and results of operations. For more information about factors that could cause actual results to differ from those discussed in the forward-looking statements, please refer to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of and the forward-looking statement disclaimers in the Corporation’s annual and quarterly reports filed with the Securities and Exchange Commission. The forward-looking statements are based upon management’s beliefs and assumptions and are made as of the date of this press release. Factors or events that could cause the Corporation’s actual results to differ may emerge from time to time, and it is not possible for the Corporation to predict all of them. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements included in this press release or to update the reasons why actual results could differ from those contained in such statements, whether as a result of new information, future events or otherwise, except to the extent required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur and you should not put undue reliance on any forward-looking statements. CNB FINANCIAL CORPORATIONCONSOLIDATED FINANCIAL DATAUnaudited(dollars in thousands, except per share data) CNB FINANCIAL CORPORATIONCONSOLIDATED FINANCIAL DATAUnaudited(dollars in thousands, except per share data) CNB FINANCIAL CORPORATIONCONSOLIDATED FINANCIAL DATAUnaudited(dollars in thousands, except per share data) CNB FINANCIAL CORPORATIONCONSOLIDATED FINANCIAL DATAUnaudited(dollars in thousands, except per share data) CNB FINANCIAL CORPORATIONCONSOLIDATED FINANCIAL DATAUnaudited(dollars in thousands, except per share data) CNB FINANCIAL CORPORATIONCONSOLIDATED FINANCIAL DATAUnaudited(dollars in thousands, except per share data) CNB FINANCIAL CORPORATIONCONSOLIDATED FINANCIAL DATAUnaudited(dollars in thousands, except per share data) Reconciliation of Non-GAAP Financial Measures CNB FINANCIAL CORPORATIONCONSOLIDATED FINANCIAL DATAUnaudited(dollars in thousands, except per share data) Reconciliation of Non-GAAP Financial Measures CNB FINANCIAL CORPORATIONCONSOLIDATED FINANCIAL DATAUnaudited(dollars in thousands, except per share data) Reconciliation of Non-GAAP Financial Measures CNB FINANCIAL CORPORATIONCONSOLIDATED FINANCIAL DATAUnaudited(dollars in thousands, except per share data) Reconciliation of Non-GAAP Financial Measures CNB FINANCIAL CORPORATIONCONSOLIDATED FINANCIAL DATAUnaudited(dollars in thousands, except per share data) Reconciliation of Non-GAAP Financial Measures CNB FINANCIAL CORPORATIONCONSOLIDATED FINANCIAL DATAUnaudited(dollars in thousands, except per share data) Reconciliation of Non-GAAP Financial Measures CNB FINANCIAL CORPORATIONCONSOLIDATED FINANCIAL DATAUnaudited(dollars in thousands, except per share data) Reconciliation of Non-GAAP Financial Measures CONTACT: Contact: Tito L. Lima Treasurer (814) 765-9621

CLEARFIELD, Pa., April 20, 2026 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three months ended March 31, 2026. Key Financial Trends Earnings - Net income available to common shareholders ("earnings") was $26.0 million, or $0.88 per diluted share, for the three months ended March 31, 2026, compared to $32.6 million, or $1.10 per diluted share, for the three months ended December 31, 2025, and $10.4 million, or $0.50 per diluted share, for the three months ended March 31, 2025. Adjusted earnings for the three months ended December 31, 2025, a non-GAAP measure, were $25.8 million, or $0.87 per diluted share, with adjusted earnings excluding after-tax merger and integration costs ("merger transaction related expenses") related to the Corporation’s acquisition of ESSA Bancorp, Inc. (“ESSA”) and the impacts of the adjustment to the provision for credit losses with the Corporation’s adoption of Accounting Standard Update ("ASU") 2025-08, Financial Instruments - Credit Losses (Topic 326): Purchased Loans ("provision adjustment related to adoption of ASU 2025-08"), as discussed in further detail below.1 Earnings for March 31, 2026 represent an increase of $114 thousand or $0.01 per diluted share, compared to adjusted earnings for the three months ended December 31, 2025. Loans - Excluding $78.3 million of syndicated loan balances, loans were $6.4 billion as of March 31, 2026. Organic loans decreased for the quarter by $67.3 million, or 1.41% (5.73% annualized), compared to December 31, 2025.1 The decrease in organic loans was driven primarily by an increased level of prepayments in certain larger Commercial Real Estate (“CRE”) loans. Deposits - At March 31, 2026, total deposits were $7.1 billion. Including $89.9 million in deposits classified as held for sale, organic deposit growth for the quarter totaled $115.0 million, or 1.62% (6.55% annualized), compared to December 31, 2025.1 Net Interest Margin - Net interest margin was 3.83% for the three months ended March 31, 2026, compared to 3.84% for the three months ended December 31, 2025. Net interest margin on a fully tax-equivalent basis, a non-GAAP measure, was 3.84% and 3.84%, for the three months ended March 31, 2026 and December 31, 2025, respectively.1 Included in net interest margin on a fully tax-equivalent basis was $3.0 million and $3.2 million of purchase accounting loan accretion for the three months ended March 31, 2026 and December 31, 2025, respectively. Credit Quality - Total nonperforming assets were approximately $49.2 million, or 0.58% of total assets, as of March 31, 2026, compared to $42.2 million, or 0.50% of total assets, as of December 31, 2025. Net loan charge-offs for the three months ended March 31, 2026 were $884 thousand, or 0.06% (annualized) of average total loans and loans held for sale, compared to net loan charge-offs of $1.5 million, or 0.09% (annualized) of average total loans and loans held for sale, during the three months ended December 31, 2025. Capital - Book value per common share was $28.06 and $27.63 at March 31, 2026 and December 31, 2025, respectively. Excluding after-tax merger transaction related expenses and the provision adjustment related to adoption of ASU 2025-08, book value per common share was $28.02 at December 31, 2025. Book value per common share for March 31, 2026 reflects an increase of $0.04, or 0.14%, compared to adjusted book value per common share at December 31, 2025.1 Tangible book value per common share, a non-GAAP measure, was $23.97 and $23.48 as of March 31, 2026 and December 31, 2025, respectively.1 Excluding after-tax merger transaction related expenses and the provision adjustment related to adoption of ASU 2025-08, adjusted tangible book value per common share was $23.88 as of December 31, 2025. Tangible book value per common share for March 31, 2026 reflects an increase of $0.09, or 0.38%, compared to the adjusted tangible book value per common share as of December 31, 2025.1 1 This release contains references to certain financial measures that are not defined by U.S. Generally Accepted Accounting Principles ("GAAP"). Management believes that these non-GAAP measures provide a greater understanding of ongoing operations, enhance the comparability of results of operations with prior periods, and reflect the effects of significant gains and charges in the periods presented. A reconciliation of these non-GAAP financial measures is provided in the "Reconciliation of Non-GAAP Financial Measures" section. Executive Summary Earnings were $26.0 million, or $0.88 per diluted share, for the three months ended March 31, 2026, compared to $32.6 million, or $1.10 per diluted share, for the three months ended December 31, 2025, and $10.4 million, or $0.50 per diluted share, for the three months ended March 31, 2025. Excluding after-tax merger transaction related expenses and provision adjustment related to adoption of ASU 2025-08, adjusted earnings for the three months ended December 31, 2025, were $25.8 million, or $0.87 per diluted share. Earnings for March 31, 2026 represent an increase of $114 thousand or $0.01 per diluted share, compared to adjusted earnings for the three months ended December 31, 2025. The quarterly increase in adjusted earnings was driven by lower non-interest expense, partially offset by lower net interest income and non-interest income, as discussed below. Excluding after-tax merger transaction related expenses, earnings and diluted earnings per share were $11.9 million, or $0.57 per diluted share, for the quarter ended March 31, 2025. Earnings for March 31, 2026 represent an increase of $14.1 million or $0.31 per diluted share, representing a 54.39% increase compared to adjusted earnings per share for the three months ended March 31, 2025, due primarily to the overall impact of the acquisition of ESSA.1 At March 31, 2026, loans totaled $6.4 billion, excluding $78.3 million of syndicated loans. Organic loans decreased $67.3 million, or 1.41% (5.73% annualized), compared to December 31, 2025. Excluding $1.7 billion in loans, net of estimated purchase accounting fair value adjustments, acquired in the ESSA acquisition, organic loan growth was $156.2 million, or an increase of 3.44%, compared to March 31, 2025.1 The decrease in loans for the quarter ended March 31, 2026, compared to the quarter ended December 31, 2025, was primarily driven by an increased level of CRE loan prepayments, including full repayments of $71.4 million of CRE loans acquired in 2025 as a result of the ESSA merger, and a full payoff of $40.0 million of the Corporation’s largest office building loan related to a CRE property in the BankOnBuffalo division. The year-over-year growth in loans as of March 31, 2026, compared to March 31, 2025, was primarily driven by growth in the Ridge View Bank, BankOnBuffalo, and ERIEBANK markets. At March 31, 2026, the syndicated loan portfolio totaled $78.3 million, or 1.22% of total loans, compared to $70.8 million, or 1.09% of total loans, at December 31, 2025 and $69.2 million, or 1.50% of total loans, at March 31, 2025. The increase in syndicated lending balances of $7.5 million compared to December 31, 2025 reflects the Corporation's continued focus on evaluating the level and composition of its syndicated loan portfolio to ensure it continues to provide strong credit quality, profitable use of excess liquidity, and complements the Corporation’s loan growth from its in-market customer relationships. The Corporation’s portfolio of syndicated credits includes only commercial and industrial loans and no CRE exposure. At March 31, 2026, total deposits were $7.1 billion. Including $89.9 million in deposits classified as held for sale, total deposits increased $115.0 million, or 1.62% (6.55% annualized), compared to December 31, 2025. Excluding $1.5 billion in deposits assumed in the ESSA acquisition (net of estimated purchase accounting fair value adjustments), and including $89.9 million in deposits classified as held for sale, total deposits increased $314.3 million, or 5.76%, compared to March 31, 2025.1 The $89.9 million in deposits classified as held for sale as of March 31, 2026 are associated with a planned sale of certain customer deposit accounts that are part of a broader strategic initiative to optimize the Corporation’s branch and market footprint following the ESSA acquisition. The quarter-over-quarter increase in organic deposit balances as of March 31, 2026, compared to December 31, 2025, was driven primarily by expanded Treasury Management activity among municipal deposit relationships, supplemented by growth in corporate and wholesale deposits. Additional deposit and liquidity profile details were as follows: At March 31, 2026, the total estimated uninsured deposits for CNB Bank were approximately $2.1 billion, or 29.11% of total CNB Bank deposits. When excluding $32.1 million of affiliate company deposits and $808.1 million of pledged-investment collateralized deposits, adjusted total estimated uninsured deposits as of March 31, 2026 were approximately $1.3 billion, or 17.54% of total CNB Bank deposits. The level of adjusted uninsured deposits at March 31, 2026 decreased compared to December 31, 2025. The total estimated uninsured deposits for CNB Bank at December 31, 2025 were approximately $2.0 billion, or approximately 28.13% of total CNB Bank deposits. Excluding $18.4 million of affiliate company deposits and $680.4 million of pledged-investment collateralized deposits, adjusted total estimated uninsured deposits as of December 31, 2025 were approximately $1.3 billion, or approximately 18.33% of total CNB Bank deposits. At March 31, 2026, the Corporation had $517.7 million of cash equivalents held at CNB Bank’s interest-bearing deposit account at the Federal Reserve. These excess funds, when combined with total contingent liquidity resources of $6.2 billion including (i) available borrowing capacity from both the Federal Home Loan Bank of Pittsburgh ("FHLB") and the Federal Reserve, and (ii) available unused commitments from brokered deposit sources and other third-party funding channels, including previously established lines of credit from correspondent banks, resulted in the total available liquidity sources for the Corporation as of March 31, 2026 of approximately 5.3 times the estimated amount of adjusted uninsured deposit balances discussed above. At March 31, 2026 and December 31, 2025, the Corporation had $164.0 million outstanding in short-term borrowings. The Corporation had no outstanding short-term borrowings at March 31, 2025. The increase in short-term borrowings at March 31, 2026 compared to March 31, 2025 was attributable to borrowings assumed with the ESSA acquisition. At March 31, 2026, the Corporation's pre-tax net unrealized losses on the combined portfolios of available-for-sale and held-to-maturity securities totaled $51.9 million, or 5.83% of total shareholders' equity, compared to $47.0 million, or 5.39% of total shareholders' equity, at December 31, 2025, and $61.7 million, or 9.88% of total shareholders' equity, at March 31, 2025. The change in unrealized losses during the first quarter of 2026 compared to the fourth quarter of 2025, as well as for the quarter ended March 31, 2025, was primarily due to changes in the yield curve, coupled with the Corporation’s scheduled bond maturities, which were all realized at par. Importantly, all regulatory capital ratios for the Corporation would still exceed regulatory “well-capitalized” levels as of March 31, 2026, December 31, 2025, and March 31, 2025 if the net unrealized losses at the respective dates were fully recognized. Total nonperforming assets were $49.2 million, or 0.58% of total assets, as of March 31, 2026, compared to $42.2 million, or 0.50% of total assets, as of December 31, 2025, and were $56.1 million, or 0.89% of total assets, as of March 31, 2025. The increase of $7.0 million at March 31, 2026 compared to December 31, 2025 was primarily driven by one commercial relationship. The decrease of $6.9 million at March 31, 2026 compared to March 31, 2025 was primarily driven by the resolution of several loans, as previously disclosed, coupled with paydowns of existing nonperforming assets, partially offset by certain ESSA-related additions. Net loan charge-offs were $884 thousand, or 0.06% (annualized) of average total loans and loans held for sale, for the three months ended March 31, 2026, compared to $1.5 million, or 0.09% (annualized) of average total loans and loans held for sale, during the three months ended December 31, 2025, and $1.4 million, or 0.13% (annualized) of average total loans and loans held for sale, during the three months ended March 31, 2025. Pre-provision net revenue ("PPNR"), a non-GAAP measure, was $34.1 million for the three months ended March 31, 2026 and $26.3 million and $15.9 million for the three months ended December 31, 2025 and March 31, 2025, respectively.1 Excluding merger and integration costs, adjusted PPNR was $34.1 million and $17.4 million for the three months ended December 31, 2025 and March 31, 2025, respectively.1 The quarter-over-quarter change in adjusted PPNR was driven by lower non-interest expense, partially offset by lower net interest income and non-interest income. For the three months ended March 31, 2026, the increase compared to the three months ended March 31, 2025 was primarily attributable to stronger net interest income, partially offset by higher non-interest expenses. Michael Peduzzi, President & CEO of the Corporation, stated: "In a quarter without significant merger-related expenses from our ESSA Bancorp acquisition and related system conversion in 2025, these first quarter earnings reflect positive and sustained core results, including expected operating efficiencies. As the acquired ESSA division’s demonstrated credit quality and core deposit stability have performed in alignment with our expectations, we are now focused on the growth opportunities presented in these new Northeastern Pennsylvania markets to complement the continued franchise expansion we are experiencing in our legacy CNB markets across our four-state footprint. The first quarter’s net reduction in total loan balances was not reflective of the positive loan production in the quarter. We realized a favorable net increase in commercial and industrial (C&I) loan balances, and we enter the second quarter with a continuing strong loan pipeline across our entire portfolio mix, so we look for this positive production to continue. The quarter-over-quarter decline in total loans was primarily attributable to significant CRE payoffs well ahead of their scheduled maturities, including: (i) the payoff of a large $40 million commercial office building loan that, though a performing asset continuously since its origination several years back, was no longer in alignment with the Bank’s desired CRE portfolio profile; and (ii) over $70 million of total reductions in several CRE credits acquired from ESSA. Our original post-merger projections expected this ESSA CRE reduction to occur in the latter half of 2025, but many payoffs did not occur until the first quarter of 2026. Importantly, all of these CRE reductions were full payoffs with no concessions or loan losses. With both the net decreased CRE exposure from these large first quarter payoffs, and the increase in our total C&I loans outstanding, our current loan portfolio position reflects an effective rotation towards our more desired portfolio mix going forward. The continued success and growth of our Treasury Management efforts, reflected by a continuing increase in our noninterest-bearing deposit balances, allowed us to continue to fund our franchise operations primarily by deposits as opposed to higher-costing borrowings. These Treasury Management customers also provide increasing prospects for noninterest income from deposit account management fees, interchange income on purchasing card program expansion, and increasing merchant services income. We also continue to enhance our fee-based revenues from Wealth Management with enhanced systems, services, and products to expand our Private Banking, investment management, and retirement plan offerings to both existing commercial relationship principals and new clients across many of our newer markets. We remain focused on achieving increased shareholder tangible book value accretion and providing cash returns from sustained levels of operating performance and retained earnings, continued regular dividends, and strategic balance sheet and capital management activities." Other Balance Sheet Highlights Book value per common share was $28.06, $27.63, and $27.01 at March 31, 2026, December 31, 2025, and March 31, 2025, respectively. Excluding after-tax merger transaction related expenses and the provision adjustment related to adoption of ASU 2025-08, book value per common share was $28.02 at December 31, 2025. Excluding after-tax merger transaction related expenses, book value per common share was $27.08 at March 31, 2025. Book value per common share for March 31, 2026 reflects an increase of $0.04, or 0.14%, compared to adjusted book value per common share at December 31, 2025.1 The increase in book value per common share, excluding after-tax merger transaction related expenses and the provision adjustment related to adoption of ASU 2025-08, from December 31, 2025 to March 31, 2026 was primarily due to an increase in retained earnings (net of the payment of common and preferred stock dividends), partially offset by an increase in accumulated other comprehensive loss primarily from the after-tax impact of temporary unrealized valuation changes in the Corporation’s available-for-sale investment portfolio.1 The increase in book value per common share, excluding after-tax merger transaction related expenses, from March 31, 2025 to March 31, 2026 was primarily due to an increase in retained earnings (net of the payment of common and preferred stock dividends), coupled with a decrease in accumulated other comprehensive loss primarily from the after-tax impact of temporary unrealized valuation changes in the Corporation’s available-for-sale investment portfolio.1 Tangible book value per common share, a non-GAAP measure, was $23.97, $23.48, and $24.91 as of March 31, 2026, December 31, 2025, and March 31, 2025, respectively.1 Excluding after-tax merger transaction related expenses and the provision adjustment related to adoption of ASU 2025-08, tangible book value per common share was $23.88 as of December 31, 2025. Excluding after-tax merger transaction related expenses, tangible book value per common share was $24.98 as of March 31, 2025. Tangible book value per common share for March 31, 2026 reflects an increase of $0.09, or 0.38%, compared to adjusted tangible book value per common share as of December 31, 2025. Tangible book value per common share decreased $1.01, or 4.04%, excluding after-tax merger transaction related expenses, from March 31, 2025 to March 31, 2026, driven by the number of common shares outstanding as a result of the issuance of 8.4 million common shares as consideration for the ESSA acquisition, coupled with the increase in acquisition-related goodwill and core deposit intangibles of $44.6 million and $32.5 million, respectively, partially offset by the increase in retained earnings (net of the payment of common and preferred stock dividends), coupled with a decrease in accumulated other comprehensive loss primarily from the after-tax impact of temporary unrealized valuation changes in the Corporation’s available-for-sale investment portfolio.1 Loan Portfolio Profile As part of its lending policy and risk management activities, the Corporation tracks lending exposure by industry classification and type to determine potential risks associated with industry concentrations, and to identify any concentration risk issues that could lead to additional credit loss exposure. An important and recurring part of this process involves the Corporation’s continued measurement and evaluation of its exposure to the office, hospitality, and multifamily industries within its commercial real estate portfolio. Even with the Corporation’s historically sound underwriting protocols and high credit quality standards for borrowers in the commercial real estate industry segments, the Corporation monitors numerous relevant sensitivity elements, including occupancy, loan-to-value, absorption and cap rates, debt service coverage and covenant compliance, and developer/lessor financial strength both in the project and globally. At March 31, 2026, the Corporation had the following key metrics related to its office, hospitality, and multifamily portfolios with such metrics including the impact on the respective portfolios of loans acquired during the third quarter of 2025 from the ESSA acquisition, as well as notable early payoffs of larger CRE credits occurring in the first quarter of 2026 as previously noted: Commercial office loans: There were 142 outstanding loans, totaling $146.7 million, or 2.28% of total loans outstanding; There were two nonaccrual commercial office loans that totaled $2.1 million, or 1.44% of total commercial office loans outstanding; There were three past-due commercial office loans that totaled $2.3 million, or 1.58% of the total commercial office loans outstanding; and The average outstanding balance per commercial office loan was $1.0 million. Commercial hospitality loans: There were 158 outstanding loans, totaling $346.5 million, or 5.39% of total loans outstanding; There were no nonaccrual commercial hospitality loans; There were no past-due commercial hospitality loans; and The average outstanding balance per commercial hospitality loan was $2.2 million. Commercial multifamily loans: There were 352 outstanding loans, totaling $558.2 million, or 8.68% of total loans outstanding; There were two nonaccrual commercial multifamily loans that totaled $782 thousand, or 0.14% of total multifamily loans outstanding; There were four past-due commercial multifamily loan that totaled $1.1 million, or 0.19% of total multifamily loans outstanding; and The average outstanding balance per commercial multifamily loan was $1.6 million. The Corporation had no commercial office, hospitality or multifamily loan relationships considered by the banking regulators to be high volatility commercial real estate ("HVCRE") credits. No credits acquired from ESSA were considered HVCRE. Performance Ratios Annualized return on average equity was 12.36%, 15.58%, and 7.52% for the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively. Excluding after‑tax merger transaction related expenses and the provision adjustment related to the adoption of ASU 2025‑08, annualized return on average equity was 12.46% for the three months ended December 31, 2025. Excluding after‑tax merger transaction related expenses, annualized return on average equity was 8.49% for the three months ended March 31, 2025. Annualized return on average tangible common equity, a non-GAAP measure, was 14.89%, 19.29% and 8.15% for the three months ended March 31, 2026, December 31, 2025, and March 31, 2025, respectively.1 Excluding after-tax merger transaction related expenses and the provision adjustment related to adoption of ASU 2025-08, annualized return on average tangible common equity was 15.30% for the three months ended December 31, 2025. Excluding after‑tax merger transaction related expenses, annualized return on average tangible common equity was 9.32% for the three months ended March 31, 2025.1 The Corporation's efficiency ratio was 59.03%, 69.55% and 72.07% for the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively, and 57.32%, 67.73% and 71.28%, respectively, on a fully tax-equivalent basis, a non-GAAP measure.1 Excluding merger and integration costs, the efficiency ratio on a fully tax-equivalent basis was 58.80% and 68.62%, for the three months ended December 31, 2025 and March 31, 2025, respectively.1 The quarter-over-quarter decrease was primarily driven by lower non-interest expense, partially offset by lower net interest income and non-interest income, as further discussed below. The year-over-year decrease was primarily driven by an increase in net interest income, partially offset by an increase in non-interest expense. Revenue Total revenue (net interest income plus non-interest income) was $83.3 million for the three months ended March 31, 2026, compared to $86.4 million and $56.9 million for the three months ended December 31, 2025 and March 31, 2025, respectively. Net interest income was $73.3 million for the three months ended March 31, 2026, compared to $74.3 million and $48.4 million for the three months ended December 31, 2025 and March 31, 2025, respectively. When comparing the first quarter of 2026 to the fourth quarter of 2025, the decrease in net interest income of $956 thousand, or 1.29% (5.22% annualized), was primarily due to a decrease in average loans outstanding (primarily from certain larger CRE loan prepayments as previously discussed), lower average loan yields, and a decrease in purchase accounting accretion. Included in the first quarter of 2026 and fourth quarter of 2025 were $3.0 million and $3.2 million, respectively, in purchase accounting loan accretion. Net interest margin was 3.83%, 3.84%, and 3.38% for the three months ended March 31, 2026, December 31, 2025, and March 31, 2025, respectively. Net interest margin on a fully tax-equivalent basis, a non-GAAP measure, was 3.84%, 3.84% and 3.37% for the three months ended March 31, 2026, December 31, 2025, and March 31, 2025, respectively.1 Excluding the $3.0 million and $3.2 million in purchase accounting loan accretion in the first quarter of 2026 and fourth quarter of 2025, respectively, the net interest margin on a fully tax-equivalent basis for the three months ended March 31, 2026 and December 31, 2025 was 3.68% and 3.68%, respectively.1 The yield on earning assets of 5.85% for the three months ended March 31, 2026 decreased 12 basis points compared to the three months ended December 31, 2025 and increased 12 basis points compared to the three months ended March 31, 2025. The decrease in yield in the first quarter of 2026 compared to the quarter ended December 31, 2025 was primarily attributable to a decrease in average loans outstanding (primarily from certain larger CRE loan prepayments as previously discussed), lower average loan yields, and a decrease in purchase accounting accretion. In addition, lower loan growth resulted in a higher mix of earning assets invested in lower‑yielding investment securities and interest‑bearing cash balances. The increase in yield in the first quarter of 2026 compared to the quarter ended March 31, 2025 was primarily attributable to year-over-year loan growth and the impact from the ESSA acquisition. The cost of interest-bearing liabilities was 2.52% for the three months ended March 31, 2026, reflecting decreases of 13 basis points and 41 basis points from three months ended December 31, 2025 and the three months ended March 31, 2025, respectively. The decrease in the cost of interest-bearing liabilities is primarily the result of the Corporation’s targeted interest-bearing deposit rate decreases since mid-September 2024, coupled with the benefit of ESSA’s lower overall interest cost of deposits. Total non‑interest income was $10.0 million for the three months ended March 31, 2026, compared to $12.1 million and $8.5 million for the three months ended December 31, 2025 and March 31, 2025, respectively. The quarter‑over‑quarter decrease was primarily attributable to lower wealth and asset management fees, reduced bank‑owned life insurance benefits, and lower net realized gains on available‑for‑sale securities, partially offset by an increase in other non‑interest income. The decrease in wealth and asset management fees was primarily due to the inclusion of a $1.1 million transition fee in the fourth quarter of 2025 related to the Corporation’s migration of its retail investment business platform to a new provider. The decrease in bank‑owned life insurance income was primarily attributable to $1.0 million in death benefit proceeds recognized in the fourth quarter of 2025. The increase in other non‑interest income reflects the absence of a $1.6 million loss on the sale of certain commercial real estate loans recorded in the fourth quarter of 2025, as previously disclosed. The year‑over‑year increase in non‑interest income was driven by increases in wealth and asset management fees, card processing and interchange income, and net realized gains on available‑for‑sale securities, partially offset by a decrease in other non‑interest income resulting from lower pass‑through income from small business investment companies (“SBICs”). Non-Interest Expense For the three months ended March 31, 2026, December 31, 2025, and March 31, 2025, total non‑interest expense was $49.2 million, $60.1 million, and $41.0 million, respectively. Excluding merger and integration costs, total non‑interest expense for the three months ended December 31, 2025, and March 31, 2025 was $52.3 million and $39.5 million, respectively.1 Excluding merger and integration costs, the quarter‑over‑quarter decrease of $3.1 million, or 5.93%, was primarily driven by lower salaries and benefits and lower state and local taxes. The decrease in salaries and benefits reflected both discipline in hiring activities as we continue to integrate employees and process changes from the ESSA acquisition, and lower incentive compensation accruals as the three months ended December 31, 2025 incentive compensation accruals reflected a higher level of expected payouts given full-year 2025 confirmed target achievements. State and local tax expenses declined due to an $852 thousand sales tax refund. Excluding merger costs, the $9.7 million increase in non-interest expense compared to the three months ended March 31, 2025 was primarily driven by employees, facilities, required software licensing and core accounting system volume fee increases, and other costs added from the acquisition of ESSA. Income Taxes Income tax expense for the three months ended March 31, 2026 was $6.1 million, representing an 18.41% effective tax rate, compared to $8.1 million, representing a 19.48% effective tax rate, for the three months ended December 31, 2025, and $2.9 million, representing a 19.96% effective tax rate, for the three months ended March 31, 2025. Asset Quality Total nonperforming assets were approximately $49.2 million, or 0.58% of total assets, as of March 31, 2026, compared to $42.2 million, or 0.50% of total assets, as of December 31, 2025, and $56.1 million, or 0.89% of total assets, as of March 31, 2025, as discussed in more detail above. The allowance for credit losses measured as a percentage of total loans was 1.04% as of March 31, 2026, compared to 1.03% as of December 31, 2025, and 1.03% as of March 31, 2025. In addition, the allowance for credit losses as a percentage of nonaccrual loans was 145.33% as of March 31, 2026, compared to 168.29% and 87.57% as of December 31, 2025 and March 31, 2025, respectively. The provision for credit losses was $998 thousand for the three months ended March 31, 2026, compared to a net reversal of $15.5 million for the three months ended December 31, 2025, and a provision of $1.6 million for the three months ended March 31, 2025. The $16.5 million increase in the provision expense for the first quarter of 2026 compared to the fourth quarter of 2025 was primarily driven by the early adoption of ASU 2025-08 in the fourth quarter of 2025. The adoption of ASU 2025-08 resulted in the reversal of $16.4 million in the provision for credit losses (offsetting the original $16.4 million in provision for credit loss expense recorded in the third quarter 2025), with a corresponding increase to the amortized cost balance of the acquired loan portfolio with an impact to purchase accounting loan accretion in subsequent periods. As discussed in more detail above, for the three months ended March 31, 2026, net loan charge-offs were $884 thousand, or 0.06% (annualized) of average total loans and loans held for sale, compared to $1.5 million, or 0.06% (annualized) of average total loans and loans held for sale, during the three months ended December 31, 2025, and $1.4 million, or 0.13% (annualized) of average total loans and loans held for sale, during the three months ended March 31, 2025. Capital As of March 31, 2026, the Corporation’s total shareholders’ equity was $889.1 million, representing an increase of $17.0 million, or 1.95%, from December 31, 2025, and an increase of $264.6 million, or 42.37%, from March 31, 2025. The quarter‑over‑quarter increase was primarily driven by earnings growth, partially offset by the payment of common and preferred stock dividends and an increase in accumulated other comprehensive loss, primarily reflecting the after‑tax impact of market yield curve changes impacting the temporary unrealized valuation changes in the Corporation’s available‑for‑sale investment portfolio during the three months ended March 31, 2026. The year‑over‑year increase was driven by an increase of $202.6 million in additional paid‑in capital related to the ESSA acquisition, growth in earnings, and a decrease in accumulated other comprehensive loss, partially offset by the payment of common and preferred stock dividends during the twelve months ended March 31, 2026. Regulatory capital ratios for the Corporation continue to exceed regulatory “well-capitalized” levels as of March 31, 2026, consistent with prior periods. As of March 31, 2026, the Corporation’s ratio of common shareholders' equity to total assets was 9.76% compared to 9.70% at December 31, 2025 and 9.00% at March 31, 2025. As of March 31, 2026, December 31, 2025, and March 31, 2025, the Corporation’s ratio of tangible common equity to tangible assets, a non-GAAP measure, was 8.46%, 8.36%, and 8.36%, respectively.1 Excluding merger transaction related expenses and the provision adjustment related to adoption of ASU 2025-08, the Corporation’s ratio of tangible common equity to tangible assets, a non-GAAP measure, as of December 31, 2025 was 8.49%.1 Excluding merger transaction related expenses, the Corporation’s ratio of tangible common equity to tangible assets, a non-GAAP measure, as of March 31, 2025 was 8.38%.1 The increase in the ratio of tangible common equity to tangible assets compared to March 31, 2025 was primarily the result of an increase in retained earnings (net of the payment of common and preferred stock dividends), coupled with a decrease in accumulated other comprehensive loss, partially offset by the impacts of the ESSA acquisition. About CNB Financial Corporation CNB Financial Corporation is a financial holding company with consolidated assets of approximately $8.5 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division, and 79 offices comprised of one loan production office, one mobile office, two limited service offices, and 75 full-service offices in Pennsylvania, Ohio, New York, and Virginia. CNB Bank, headquartered in Clearfield, Pennsylvania, with offices in Central and North Central Pennsylvania, serves as the multi-brand parent to various divisions. These divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in Northwest Pennsylvania and Northeast Ohio; FCBank, based in Columbus, Ohio, with offices in Central Ohio; BankOnBuffalo, based in Buffalo, New York, with offices in Western New York; Ridge View Bank, based in Roanoke, Virginia, with offices in the Southwest Virginia region; ESSA Bank, based in Stroudsburg, Pennsylvania, with offices in Northeast Pennsylvania, including the Lehigh Valley region; and Impressia Bank, a division focused on banking opportunities for women, which operates in CNB Bank’s primary market areas. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank. Forward-Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the Corporation’s financial condition, liquidity, results of operations, future performance and business. These forward-looking statements are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that are not historical facts. Forward-looking statements include statements with respect to beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors (some of which are beyond the Corporation’s control). Forward-looking statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “forecasts,” “intends,” “plans,” “targets,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would” and “could.” The Corporation’s actual results may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Such known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from the statements, include, but are not limited to, (i) adverse changes or conditions in capital and financial markets, including actual or potential stresses in the banking industry; (ii) changes in interest rates; (iii) the credit risks of lending activities, including our ability to estimate credit losses and the allowance for credit losses, as well as the effects of changes in the level of, and trends in, loan delinquencies and write-offs; (iv) effectiveness of our data security controls in the face of cyber attacks and any reputational risks following a cybersecurity incident; (v) changes in general business, industry or economic conditions or competition; (vi) changes in any applicable law, rule, regulation, policy, guideline or practice governing or affecting financial holding companies and their subsidiaries or with respect to tax or accounting principles or otherwise; (vii) adverse economic effects from international trade disputes, including threatened or implemented tariffs imposed by the U.S. and threatened or implemented tariffs imposed by foreign countries in retaliation, or similar events impacting economic activity; (viii) higher than expected costs or other difficulties related to integration of combined or merged businesses; (ix) the effects of business combinations and other acquisition transactions, including the inability to realize our loan and investment portfolios; (x) changes in the quality or composition of our loan and investment portfolios; (xi) adequacy of loan loss reserves; (xii) increased competition; (xiii) loss of certain key officers; (xiv) deposit attrition; (xv) rapidly changing technology; (xvi) unanticipated regulatory or judicial proceedings and liabilities and other costs; (xvii) changes in the cost of funds, demand for loan products or demand for financial services; and (xviii) other economic, competitive, governmental or technological factors affecting our operations, markets, products, services and prices. Such developments could have an adverse impact on the Corporation's financial position and results of operations. For more information about factors that could cause actual results to differ from those discussed in the forward-looking statements, please refer to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of and the forward-looking statement disclaimers in the Corporation’s annual and quarterly reports filed with the Securities and Exchange Commission. The forward-looking statements are based upon management’s beliefs and assumptions and are made as of the date of this press release. Factors or events that could cause the Corporation’s actual results to differ may emerge from time to time, and it is not possible for the Corporation to predict all of them. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements included in this press release or to update the reasons why actual results could differ from those contained in such statements, whether as a result of new information, future events or otherwise, except to the extent required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur and you should not put undue reliance on any forward-looking statements. CONTACT: Contact: Tito L. Lima Treasurer (814) 765-9621