{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-004099","form_type":"8-K","ticker":"CCNE","cik":"0000736772","company_name":"CNB FINANCIAL CORP/PA","filed_at":"2025-01-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.236242+00:00","generated_at":"2026-05-28T05:56:44.475342+00:00","sec_items":["1.01","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CNB Financial to acquire ESSA Bancorp for ~$214M in stock; 35% EPS accretion in 2026","bullets":["All-stock deal: each ESSA share exchanged for 0.8547 CNB shares; total value ~$214M based on CNB 10-day VWAP of $24.69.","Pro forma combined company: ~$8B assets, $7B deposits, $6B loans; Top 10 deposit ranking in PA.","Expected 35% EPS accretion in 2026; TBV dilution 15% with earnback of ~3.3 years; pro forma ROTCE ~16%, ROA ~1.3%.","Three ESSA directors (Olson, Selig, Henning) to join CNB and CNB Bank boards; Olson to serve as strategic advisor to CNB CEO.","Termination fee of $8.8M payable by ESSA under certain conditions; deal expected to close Q3 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-004099","json":"https://secwatch.observer/filing/0001193125-25-004099.json","markdown":"https://secwatch.observer/filing/0001193125-25-004099.md","text":"https://secwatch.observer/filing/0001193125-25-004099.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/736772/000119312525004099/0001193125-25-004099-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/736772/000119312525004099/d881537d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T05:56:44.475342+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}