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COMML NATL FINCL CRP MICH - $CEFC STOCK NEWS

Welcome to our dedicated page for COMML NATL FINCL CRP MICH news (Ticker: $CEFC), a resource for investors and traders seeking the latest updates and insights on COMML NATL FINCL CRP MICH stock.

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Rhea-AI Summary
Commercial National Financial reported a net income of $1,161,000 or $0.29 per share for the first quarter of 2024, compared to $1,470,000 or $0.37 per share in the first quarter of 2023. Return on Equity (ROE) decreased to 9.95% from 14.40% in the same period. Net interest income decreased by 4.2% due to higher interest expenses outpacing income growth. Noninterest income increased by 13.7%, while operating expenses rose by 9.9%. Total assets decreased to $591.7 million from $600.9 million in March 2023, mainly due to repayment of borrowings and a decrease in deposit balances. Despite a reduction in total loans, loan quality remained strong with a non-performing assets ratio of 0.20%. The construction of a new office in Grand Rapids is nearing completion, with an expected opening in June 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
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Rhea-AI Summary
Commercial National Financial Corporation (CEFC) declares a quarterly cash dividend of 14 cents per share, yielding 5.93% annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
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dividends
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Rhea-AI Summary
Commercial National Financial Corporation (CEFC) reported a decrease in net income for Q4 2023 compared to Q4 2022, with a lower return on equity and decreased net interest income. Total loans and assets also saw a decrease, while non-interest income and operating expenses were impacted. Despite these challenges, CEFC's subsidiary, Commercial Bank, remains well-capitalized.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
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Rhea-AI Summary
Commercial National Financial Corporation (CEFC) declares 14 cents per share regular quarterly cash dividend, with an annualized dividend yield of 6.83%
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.83%
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dividends
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Rhea-AI Summary
Commercial National Financial Corporation reports net income of $1,702,000 for Q3 2023, compared to $1,601,000 in Q3 2022. Return on Equity (ROE) was 15.42%. Total loans decreased by $2.5 million or 0.6% year over year. Non-interest income decreased by $86,000 or 13.5%. Total assets were $587.8 million at September 30, 2023, compared to $613.1 million at September 30, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.5%
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Rhea-AI Summary
Commercial National Financial Corp declares quarterly cash dividend of 14 cents per share with an annualized dividend yield of 6.47% based on recent closing price of $8.65 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
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dividends
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Rhea-AI Sentiment
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-5.76%
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Rhea-AI Sentiment
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0.18%
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COMML NATL FINCL CRP MICH

OTC:CEFC

CEFC Rankings

CEFC Stock Data

43.46M
Commercial Banking
Finance and Insurance
Link
United States of America
Ithaca

About CEFC

commercial national financial corporation operates as the holding company for commercial bank that provides various banking products and services to individuals, agricultural businesses, commercial businesses, and light industries in michigan. it accepts various deposit products, including checking and savings accounts, individual retirement accounts, certificates of deposit, and health savings accounts. the company also offers personal loan products, such as automobile loans, recreational vehicle loans, personal lines of credit, and unsecured term loans, as well as home equity loans and mortgage loans; and business loans, including secured lines of credit, business equity line of credit, sba loans, equipment loans, real estate loans, vehicle loans, term loans, usda loan programs, and capital access loan programs. it also provides other services comprising business visa check cards, debit and atm cards, business statement savings, business certificates of deposit, merchant bankcard ref