CCNE News & Events

Reports Q4 revenue $86.36M, consensus $73.1M. Reports Q4 tangible book value per share $23.48. Reports Q4 CET1 capital ratio 11.54%. Michael Peduzzi, president and CEO, stated: "The fourth quarter represented both a capstone period in a historically significant calendar year for the Corporation, and a new beginning of positive post-merger performance capabilities being the first full quarter of results following the acquisition of ESSA Bancorp in July 2025. These positive results are indicative of several notable achievements."

CNB Financial Corporation (CCNE) completed the merger of ESSA Bancorp (ESSA) with and into CNB on July 23. In connection with the Merger, ESSA's subsidiary bank, ESSA Bank & Trust, has been merged with and into CNB's subsidiary bank, CNB Bank, and ESSA's offices will operate going forward under the brand of ESSA Bank, a division of CNB Bank. The transaction has extended CNB Bank's branch network into the Northeastern Region including the Lehigh Valley of Pennsylvania. With the addition of ESSA's 20 community offices, CNB Bank now has 78 branches across its four-state footprint. Consistent with the terms of the merger agreement, Gary Olson, Robert Selig Jr., and Daniel Henning will fill 3 new CNB and CNB Bank board seats. Mr. Olson will also have a role as strategic advisor to CNB's CEO. Additionally, CNB Bank formed an Advisory Board for the ESSA Bank division.