ENBP · ENB Financial Corp

This filing provides the requisite financial statements and pro forma information following ENB Financial Corp's acquisition of Cecil Bancorp, Inc., which closed on February 1, 2026. The amendment (Form 8-K/A) supplies the historical financial context for the acquired entity, Cecil Bancorp, showing a turnaround in profitability with net income of $557,000 for the nine months ended September 30, 2025, compared to a net loss of $122,000 in the same period of 2024. This improvement was driven largely by a significant reduction in the provision for credit losses, which fell to $50,000 from $605,000 year-over-year, alongside stable net interest income.

The pro forma condensed combined financial information illustrates the scale of the combined entity, with total assets increasing to approximately $2.41 billion. The transaction accounting adjustments reveal the preliminary allocation of the purchase price, resulting in the recognition of $7.3 million in goodwill and $2.7 million in core deposit intangible assets. Notably, the pro forma balance sheet reflects a reduction in equity attributable to the transaction adjustments and estimated merger-related charges, which are accrued as liabilities. The pro forma book value per share is calculated at $26.10. Management has elected not to present synergies or cost savings adjustments in the pro forma figures, meaning the reported results purely reflect the accounting combination. Investors should note that the fair value assessments are preliminary and subject to change, which could materially impact the final goodwill recognition and future earnings through amortization and yield adjustments.