CCNEP — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-06

• Excluding $78.3 million of syndicated loan balances, total loans were $6.4 billion as of March 31, 2026. Organic loans decreased $67.3 million, or 1.05% year to date decrease (4.25% annualized), from December 31, 2025. The decrease in loans for the three months ended March 31, 2026 compared to Decem…

• 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 in the ESSA acquisition, as well as notable early pay…

• ◦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.

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• •Tangible book value per common share and tangible book value per common share (excluding merger transaction related expenses);

• •Tangible common equity/tangible assets and tangible common equity/tangible assets (excluding merger transaction related expenses);

• •Book value per common share (excluding merger transaction related expenses);

• •Pre-provision net revenue ("PPNR") and PPNR (excluding merger and integration costs);

• •Dividend payout ratio (excluding merger transaction related expenses);

Text added vs the prior filing · source: 10-Q · 2026-05-06

• There was no significant change in the Corporation's internal control over financial reporting that occurred during the quarter ended March 31, 2026 that has materially affected, or that is reasonably likely to materially affect, our internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• In conducting the evaluation of the effectiveness of its internal control over financial reporting as of September 30, 2025, the Corporation has excluded the operations of ESSA and its subsidiaries as permitted by the guidance issued by the Office of the Chief Accountant of the Securities and Exchan…

• The design of any system of controls and procedures is based in part upon certain assumptions about the likelihood of future events. There can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions, regardless of how remote.

• During the third quarter of 2025, ESSA merged into CNB Financial Corporation. The Corporation is working to integrate ESSA into its overall internal control over financial reporting processes. Except for changes made in connection with this integration of ESSA, there was no change in the Corporation…