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

Rhea-AI Summary

CNB Financial 's Board of Directors has declared a quarterly cash dividend of $0.4453125 per depositary share (CCNEP) and $17.8125 per share on its Series A Preferred Stock. The dividend will be paid on November 29, 2024, to shareholders of record as of November 15, 2024. CNB Financial , with consolidated assets of approximately $6.0 billion, operates primarily through CNB Bank, which provides full-service banking across 54 offices in Pennsylvania, Ohio, New York, and Virginia through various divisions including ERIEBANK, FCBank, BankOnBuffalo, Ridge View Bank, and Impressia Bank.

Positive

• Consolidated assets of $6.0 billion
• Strong geographic presence with 54 full-service offices across four states
• Diversified operations through multiple banking divisions

Negative

• None.

CLEARFIELD, Pa., Oct. 31, 2024 (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 November 29, 2024, to holders of record as of November 15, 2024.

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $6.0 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, two loan production offices, one drive-up office, one mobile office, and 54 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.

FAQ

What is the dividend amount for CNB Financial (CCNE) Series A Preferred Stock for Q4 2024?

CNB Financial declared a quarterly dividend of $17.8125 per share on its Series A Preferred Stock, equivalent to $0.4453125 per depositary share.

When is CNB Financial's (CCNE) next preferred stock dividend payment date?

The preferred stock dividend will be paid on November 29, 2024, to shareholders of record as of November 15, 2024.

How many branch locations does CNB Financial (CCNE) operate?

CNB Financial operates 54 full-service offices across Pennsylvania, Ohio, New York, and Virginia through its various banking divisions.

What is CNB Financial's (CCNE) current asset size?

CNB Financial has consolidated assets of approximately $6.0 billion.