CNB Financial Corporation Announces Quarterly Dividend For Series A Preferred Stock and Related Depositary Shares Distribution

Rhea-AI Summary

CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.4453125 per depositary share (Nasdaq: CCNEP), stemming from a quarterly cash dividend of $17.8125 per share on its Series A Preferred Stock. The dividend will be paid on May 30, 2025, to shareholders of record as of May 16, 2025. CNB Financial Corporation, with consolidated assets of $6.3 billion, operates primarily through CNB Bank, which provides full-service banking services across 56 full-service offices in Pennsylvania, Ohio, New York, and Virginia. The company operates through multiple divisions including ERIEBANK, FCBank, BankOnBuffalo, Ridge View Bank, and Impressia Bank, a division focused on banking opportunities for women.

Positive

• Consistent dividend payment demonstrates financial stability
• Strong presence with 56 full-service offices across multiple states
• Diversified operations through multiple regional banking divisions
• Substantial asset base of $6.3 billion

Negative

• None.

CLEARFIELD, Pa., May 01, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) (the "Corporation") has announced the declaration of a quarterly cash dividend of $0.4453125 per depositary share (Nasdaq: CCNEP), resulting from the Corporation’s declaration of a quarterly cash dividend of $17.8125 per share on its Series A Preferred Stock. The dividend is payable on May 30, 2025, to holders of record as of May 16, 2025.

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $6.3 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is 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. CNB Bank operations include a private banking division, one loan production office, one drive-up office, one mobile office, and 56 full-service offices in Pennsylvania, Ohio, New York, and Virginia. CNB Bank, headquartered in Clearfield, Pennsylvania, with offices in Central and North Central Pennsylvania, serves as the multi-brand parent to various divisions. These divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in Northwest Pennsylvania and Northeast Ohio; FCBank, based in Worthington, Ohio, with offices in Central Ohio; BankOnBuffalo, based in Buffalo, New York, with offices in Western New York; Ridge View Bank, based in Roanoke, Virginia, with offices in the Southwest Virginia region; and Impressia Bank, a division focused on banking opportunities for women, which operates in CNB Bank's primary market areas. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank.

Contact: Tito L. Lima
Treasurer
(814) 765-9621

FAQ

What is the dividend amount for CNB Financial's Series A Preferred Stock depositary shares (CCNEP) in May 2025?

CNB Financial declared a quarterly cash dividend of $0.4453125 per depositary share (CCNEP), payable on May 30, 2025, to holders of record as of May 16, 2025.

How many branches does CNB Financial Corporation operate in 2025?

CNB Financial Corporation operates 56 full-service offices across Pennsylvania, Ohio, New York, and Virginia, along with one loan production office, one drive-up office, and one mobile office.

What is the total asset value of CNB Financial Corporation in 2025?

CNB Financial Corporation has consolidated assets of approximately $6.3 billion.

What are the main divisions of CNB Financial Corporation?

CNB Financial Corporation operates through several divisions including ERIEBANK, FCBank, BankOnBuffalo, Ridge View Bank, and Impressia Bank, with CNB Bank serving as the multi-brand parent.