Segment Reporting

The Corporation generates revenue through the operation of a full-service bank and manages the business activities on a consolidated basis. The nature of the products and services offered, and the types of customers served are similar across the geographic footprint the Bank operates in. The banking segment derives its revenue primarily through the operations as 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. There are branch offices located in Pennsylvania, Ohio, New York and Virginia. The accounting policies of the banking segment are the same as those described in the summary of significant accounting policies. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment.

The Corporation’s CODM is the Chief Executive Officer, Michael D. Peduzzi. The CODM assesses performance for the banking segment and decides how to allocate resources based on consolidated net income as reported on the income statement. The measure of segment assets is reported on the balance sheet as total consolidated assets. The CODM uses net income to evaluate overall financial performance and profitability, and it is utilized as a key metric in evaluating the achievement of the corporation’s strategic plan. Net income is used to monitor budget versus actual results. The comparison of budgeted versus actual net income results are used in assessing the banking segment’s performance and in establishing management’s compensation.

Information reported internally for performance assessment by the CODM follows, including reconciliation to the financial statements.


	Year ended December 31,
	2025		2024		2023
Interest and Dividend Income:
Loans including fees
Interest and fees on loans	$	350,943	$	293,544	$	273,223
Investment Securities	41,402		31,926		20,473
Total interest and dividend income	392,345		325,470		293,696
Interest Expense:
Deposits	140,565		133,493		97,770
Borrowed funds	9,744		4,508		6,097
Total interest expense	150,309		138,001		103,867
NET INTEREST INCOME	242,036		187,469		189,829
PROVISION FOR CREDIT LOSS EXPENSE	8,855		9,222		5,993
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSS EXPENSE	233,181		178,247		183,836
NON-INTEREST INCOME:
Service charges on deposit accounts	7,801		6,990		7,372
Other service charges and fees	1,862		2,973		3,010
Wealth and asset management fees	10,189		7,845		7,251
Security gains (losses), net	2,430		828		(335)
Mortgage banking	756		673		676
Bank owned life insurance	4,770		3,110		2,945
Card processing and interchange income	9,225		8,666		8,301
Other non-interest income	3,132		8,029		4,115
Total non-interest income	40,165		39,114		33,335
NON-INTEREST EXPENSES:
Salaries	59,643		54,089		50,871
Incentive	9,366		2,465		2,847
Benefits	20,714		17,982		17,344
Net occupancy expense	18,222		14,737		14,509
Amortization of core deposit intangible	1,848		73		84
Technology expense	23,744		21,805		20,202
State and local taxes	5,293		4,726		4,126
Legal, professional and examination fees	4,487		4,217		4,414
Advertising	2,820		2,545		3,133
FDIC insurance	4,063		3,718		3,879
Card processing and interchange expenses	5,183		4,575		5,025
Other non-interest expenses	21,674		19,070		18,908
Merger and integration costs	13,824		—		—
Total non-interest expenses	190,881		150,002		145,342
INCOME BEFORE INCOME TAXES	82,465		67,359		71,829
INCOME TAX EXPENSE	16,334		12,784		13,809
SEGMENT NET INCOME	$	66,131	$	54,575	$	58,020

Reconciliation of profit or loss
Adjustments and reconciling items	—		—		—
CONSOLIDATED NET INCOME	$	66,131	$	54,575	$	58,020

Reconciliation of assets
Adjustments and reconciling items	—		—
TOTAL CONSOLIDATED ASSETS	$	8,396,435	$	6,192,010

Historical Timeline

Fiscal Year	Filed
2025	Mar 11, 2026	Showing above
2024	Mar 6, 2025

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

CNB FINANCIAL CORP/PA Segments Disclosure

Historical Timeline

About Segments Disclosures

Other Available Disclosures