How did book value and market value per CEFC share change by June 30, 2026?

Book value and market value per share both increased year-over-year. According to Commercial National Financial Corporation, book value per share climbed to $14.66 from $13.21, while market value per share rose to $15.00 from $10.50 as of June 30, 2025.

What is Commercial National Financial’s share repurchase activity and remaining authorization?

CEFC has repurchased 87,514 shares under its ongoing program started in May 2025. According to Commercial National Financial Corporation, an additional $1.2 million is allocated for future repurchases, and the program is discretionary and may be modified, renewed, suspended, or terminated at any time.

Commercial National Financial Corporation Reports 2nd Quarter 2026 Results

Q: What happened to CEFC’s net interest margin and net interest income in Q2 2026?

CEFC’s Q2 2026 net interest margin rose to 4.00% and net interest income reached $5.17 million . According to Commercial National Financial Corporation, net interest income increased 3.9% year-over-year, as lower funding costs reduced interest expense by $294,000 despite a $100,000 decline in interest income.

Q: How strong were Commercial National Financial’s asset quality and capital ratios as of June 30, 2026?

Asset quality and capital remained strong, with a 0.26% non-performing assets ratio and total risk-based capital of 18.36% . According to Commercial National Financial Corporation, its bank subsidiary stayed “well capitalized,” with a Tier 1 leverage ratio of 10.89%, slightly higher than the prior year’s 10.63%.

Q: What dividends did Commercial National Financial (CEFC) pay in Q2 2026?

CEFC declared a Q2 2026 dividend of $0.15 per share , up from $0.14. According to Commercial National Financial Corporation, year-to-date dividends totaled $0.30 per share versus $0.28 in the prior year period, reflecting modest dividend growth for shareholders.

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Rhea-AI Summary

Commercial National Financial Corporation (OTCID: CEFC) reported second quarter 2026 net income of $1.64 million, or $0.42 per share, up from $1.61 million, or $0.41 per share, in 2025. Return on equity was 11.60% versus 12.36%, while return on assets was 1.19% versus 1.16%. Net interest income rose 3.9% to $5.17 million as interest expense fell by $294,000, offsetting a $100,000 decline in interest income. Non-interest income increased by $77,000 and operating expenses rose by $206,000, mainly from higher wages and benefits.

Total assets were stable at $553 million as of June 30, 2026. Securities increased by $37 million as excess cash and $17 million from reduced loan balances were invested, while loans declined to $367.0 million. The non-performing assets ratio was 0.26%. Deposits decreased by $17 million and Federal Home Loan Bank borrowings increased to $18 million. Book value per share rose to $14.66 and market value per share to $15.00. The company’s bank subsidiary remained “well capitalized,” and CEFC has repurchased 87,514 shares under its ongoing share repurchase program, with $1.2 million remaining allocated.

Positive

EPS up to $0.42 from $0.41 in Q2 2025
Net interest income increased 3.9% to $5.17 million in Q2 2026
Net interest margin improved to 4.00% from 3.80% year-over-year
Non-performing assets ratio remained low at 0.26%
Capital ratios rose; total risk-based capital 18.36% vs 17.46% year-over-year
Book value per share increased to $14.66 from $13.21
Share repurchases of 87,514 shares with $1.2 million still allocated
Dividends per share increased to $0.15 in Q2 and $0.30 year-to-date

Negative

Return on equity declined to 11.60% from 12.36% in Q2 2025
Interest income decreased to $6.44 million from $6.54 million year-over-year
Loans decreased to $367.0 million from $383.8 million
Total deposits fell to $467.6 million from $485.0 million
FHLB borrowings increased to $18.0 million from $4.0 million
Operating expenses rose to $3.80 million from $3.60 million in Q2 2025

News Market Reaction – CEFC

+0.27%

+0.27% Session close to close

In the Jul 27 session, CEFC gained 0.27%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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07/27/2026 - 10:28 AM

ITHACA, Mich., July 27, 2026 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (OTCID: CEFC) reported net income of $1,641,000 or $0.42 per share for the second quarter of 2026 compared to $1,607,000 or $0.41 per share for the second quarter of 2025. Return on Equity was 11.60% for the second quarter of 2026 compared to 12.36% for the second quarter of 2025.

Net interest income for the second quarter of 2026 increased by $194,000 or 3.9% compared to the respective 2025 period. Interest income decreased by $100,000, mainly due to a decrease in loans. Interest expense decreased by $294,000, mainly due to a decrease in funding costs. Non-interest income increased by $77,000, while operating expenses increased by $206,000, which was mainly due to higher wages and benefits expense.

Total assets remained consistent at $553 million as of June 30, 2026 compared to the respective 2025 period. Total securities grew by $37 million, as excess cash was invested into the securities portfolio, which included $17 million from reduced loan balances. While loans decreased during the period, loan quality remained strong with a non-performing assets ratio of 0.26%. Total deposits decreased by $17 million and were mostly replaced with borrowings from the Federal Home Loan Bank. Additionally, CEFC’s wholly owned subsidiary, Commercial Bank, remained “well capitalized” for regulatory purposes.

CEFC announced a share repurchase program in May of 2025, which remains in effect indefinitely. As of June 30, 2026, CEFC has repurchased 87,514 shares since the inception of the repurchase program and has allocated an additional $1.2 million for future share repurchases. CEFC may repurchase shares under the program at its discretion, taking into account factors such as the share price, market conditions, share availability, and other relevant considerations. There is no guarantee that any specific number of shares will be repurchased, and CEFC may modify, renew, suspend, or terminate the program at any time without prior notice. For further information about the stock repurchase program, please contact our primary market maker, Nick Bicking at D.A. Davidson & Co., at 614-710-7060.

Visit www.commercial-bank.com to view the latest news releases and other information about CEFC and Commercial Bank.

Selected Financial Data (unaudited):

	Quarter Ended						Year to Date
	Jun 30, 2026			Jun 30, 2025			Jun 30, 2026		Jun 30, 2025
Return on equity		11.60	%		12.36	%	11.74	%	11.84	%
Return on assets		1.19	%		1.16	%	1.21	%	1.09	%
Net interest margin		4.00	%		3.80	%	3.99	%	3.74	%

	Jun 30, 2026			Jun 30, 2025
Non-performing assets ratio		0.26	%		0.27	%
Tier 1 leverage capital ratio⁽¹⁾		10.89	%		10.63	%
Total risk-based capital ratio⁽¹⁾		18.36	%		17.46	%
Book value per share	$	14.66		$	13.21
Market value per share	$	15.00		$	10.50
Common shares outstanding		3,877,789			3,965,303
⁽¹⁾Ratios are for Commercial Bank

Consolidated Statements of Income (unaudited):

	Quarter Ended						Year to Date
	Jun 30, 2026			Jun 30, 2025			Jun 30, 2026			Jun 30, 2025
Interest income	$	6,442,002		$	6,541,806		$	12,850,720		$	13,017,099
Interest expense		1,270,421			1,564,206			2,537,509			3,199,436
Net interest income		5,171,581			4,977,600			10,313,211			9,817,663
Provision for credit losses		(6,342	)		(34,213	)		(46,342	)		(34,213	)
Non-interest income		619,568			542,666			1,132,871			1,012,612
Operating expenses		3,801,740			3,595,928			7,450,770			7,172,181
Income before taxes		1,995,751			1,958,551			4,041,654			3,692,307
Income tax expense		354,700			351,475			723,700			655,950
Net income	$	1,641,051		$	1,607,076		$	3,317,954		$	3,036,357

Basic earnings per share	$	0.42		$	0.41		$	0.85		$	0.77
Diluted earnings per share	$	0.42		$	0.41		$	0.85		$	0.77
Dividends declared	$	0.15		$	0.14		$	0.30		$	0.28

Weighted-average common shares outstanding		3,893,038			3,965,303			3,912,224			3,965,303
Number of shares repurchased		28,414			-			58,411			-

Consolidated Balance Sheets (unaudited):

	Jun 30, 2026			Jun 30, 2025
Assets
Cash and cash equivalents	$	37,586,165		$	55,001,227
Time deposits with other banks		-			1,494,000
Securities		117,326,887			80,346,101
Loans		367,025,176			383,769,712
Allowance for credit losses		(3,327,794	)		(3,432,412	)
Loans, net		363,697,382			380,337,300
Premises and equipment, net		9,848,688			9,858,626
Other assets		24,786,092			25,056,597
Total assets	$	553,245,214		$	552,093,851

Liabilities
Deposits	$	467,630,470		$	484,981,138
FHLB borrowings		18,000,000			4,000,000
Trust preferred		7,310,000			7,310,000
Other liabilities		3,468,980			3,415,374
Total liabilities		496,409,450			499,706,512

Equity
Total equity		56,835,764			52,387,339
Total liabilities and equity	$	553,245,214		$	552,093,851

Contact:
Benjamin Ogle
CFO
989-875-5562

FAQ

How did Commercial National Financial (OTCID: CEFC) perform in Q2 2026?

Commercial National Financial reported Q2 2026 net income of $1.64 million, or $0.42 per share. According to Commercial National Financial Corporation, this compares to $1.61 million, or $0.41 per share, in Q2 2025, with return on assets at 1.19% and return on equity at 11.60%.

What happened to CEFC’s net interest margin and net interest income in Q2 2026?

CEFC’s Q2 2026 net interest margin rose to 4.00% and net interest income reached $5.17 million. According to Commercial National Financial Corporation, net interest income increased 3.9% year-over-year, as lower funding costs reduced interest expense by $294,000 despite a $100,000 decline in interest income.

How strong were Commercial National Financial’s asset quality and capital ratios as of June 30, 2026?

Asset quality and capital remained strong, with a 0.26% non-performing assets ratio and total risk-based capital of 18.36%. According to Commercial National Financial Corporation, its bank subsidiary stayed “well capitalized,” with a Tier 1 leverage ratio of 10.89%, slightly higher than the prior year’s 10.63%.

What changes occurred in CEFC’s loans, deposits, and borrowings in Q2 2026?

Loans and deposits declined while borrowings increased. According to Commercial National Financial Corporation, loans fell to $367.0 million and deposits to $467.6 million, while Federal Home Loan Bank borrowings rose to $18.0 million, replacing most of a $17 million deposit decrease.

What dividends did Commercial National Financial (CEFC) pay in Q2 2026?

CEFC declared a Q2 2026 dividend of $0.15 per share, up from $0.14. According to Commercial National Financial Corporation, year-to-date dividends totaled $0.30 per share versus $0.28 in the prior year period, reflecting modest dividend growth for shareholders.