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Table of Contents ☑ ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K Annual Report Pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 For the fiscal year ended December 31 , 2020 or Transition Report Pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 000-13396 CNB FINANCIAL CORPORATION ( Exact name of registrant as specified in its charter ) Pennsylvania ( State or other jurisdiction of incorporation or organization ) 1 South Second Street P.O. Box 42 Clearfield , Pennsylvania 16830 ( Address of principal executive office ) Registrant's telephone number , including area code ( 814 ) 765-9621 Securities registered pursuant to Section 12 ( b ) of the Act : 25-1450605 ( I.R.S. Employer Identification No. ) Title of Class Common Stock , no par value Depositary Shares ( each representing a 1 / 40th interest in a share of 7.125 % Series A Non- Cumulative , perpetual preferred stock ) Trading Symbol ( s ) CCNE CCNEP Name of each exchange on which registered Securities registered pursuant to Section 12 ( g ) of the Act : None The NASDAQ Stock Market LLC The NASDAQ Stock Market LLC Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . ☐ Yes > No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . ☐ Yes > No Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes ☐ No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . > Yes □ No Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer " , " smaller reporting company " , and " emerging growth company " in Rule 12b - 2 of the Exchange Act . ( Check one ) : Large Accelerated Filer Non - accelerated filer ☐ Accelerated Filer Smaller reporting company Emerging growth company ☑ × ☐ If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . ☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . < Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Act ) . □ Yes > No The aggregate market value of the voting and non - voting common equity held by non - affiliates of the registrant , based on the last sales price quoted on the Nasdaq Global Select Market on June 30 , 2020 , the last business day of the registrant's most recently completed second fiscal quarter , was approximately : $ 261,038,280 The number of shares outstanding of the registrant's common stock as of March 2 , 2021 : 16,884,226 shares DOCUMENTS INCORPORATED BY REFERENCE Portions of the definitive Proxy Statement for the 2021 Annual Meeting of Stockholders to be held on April 20 , 2021 are incorporated by reference into Part III of this report .