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

Rhea-AI Summary

CNB Financial (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.4453125 per depositary share (Nasdaq: CCNEP), reflecting a quarterly cash dividend of $17.8125 per share on its Series A Preferred Stock. The dividend will be paid on February 28, 2025, to shareholders of record as of February 14, 2025.

The company, with consolidated assets of approximately $6.2 billion, operates primarily through CNB Bank, offering full-service banking, trust, and wealth management services. CNB Bank's network includes 55 full-service offices across Pennsylvania, Ohio, New York, and Virginia, operating under multiple brands including ERIEBANK, FCBank, BankOnBuffalo, Ridge View Bank, and Impressia Bank.

Positive

• Strong asset base of $6.2 billion
• Extensive network of 55 full-service offices across four states
• Diversified operations through multiple regional banking brands
• Consistent dividend payment to preferred shareholders

Negative

• None.

CLEARFIELD, Pa., Jan. 30, 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 February 28, 2025, to holders of record as of February 14, 2025.

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $6.2 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 drive-up office, one mobile office, and 55 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 depositary shares in Q1 2025?

CNB Financial declared a quarterly cash dividend of $0.4453125 per depositary share (CCNEP) for Q1 2025.

When is the payment date for CCNE's Q1 2025 preferred stock dividend?

The dividend will be paid on February 28, 2025, to shareholders of record as of February 14, 2025.

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

CNB Financial operates 55 full-service offices across Pennsylvania, Ohio, New York, and Virginia.

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

CNB Financial has consolidated assets of approximately $6.2 billion.

What are the different banking divisions operated by CNB Financial (CCNE)?

CNB Financial operates through several divisions including ERIEBANK, FCBank, BankOnBuffalo, Ridge View Bank, and Impressia Bank.