Commercial National Financial Corporation Reports 3rd Quarter 2025 Results
Commercial National Financial Corporation (OTCID: CEFC) reported third quarter 2025 net income of $1.79M ($0.45 diluted) versus $1.41M ($0.36) in Q3 2024. Return on equity rose to 13.35% from 11.32%. Net interest income was $5.14M, up on lower interest expense driven by reduced wholesale funding; interest income fell to $6.57M. Total assets were $547.7M, down from $574.3M, largely due to repayment of $24M in wholesale funding and trust preferred debt. Non-performing assets ratio remained low at 0.26%.
Commercial National Financial Corporation (OTCID: CEFC) ha riportato l'utile netto del terzo trimestre 2025 pari a $1.79M ($0.45 diluiti) rispetto a $1.41M ($0.36) nel Q3 2024. Rendimento sul capitale proprio (ROE) è salito al 13.35% dall'11.32%. Il reddito netto da interessi è stato $5.14M, in aumento grazie a una minore spesa per interessi guidata dalla riduzione del finanziamento all'ingrosso; i redditi da interessi sono scesi a $6.57M. Gli attivi totali ammontavano a $547.7M, in calo rispetto a 574.3M, principalmente a causa del rimborso di $24M nel finanziamento all'ingrosso e nel debito di trust preferred. Il rapporto di attività non performanti è rimasto basso allo 0.26%.
Commercial National Financial Corporation (OTCID: CEFC) informó ingresos netos del tercer trimestre de 2025 de $1.79M ($0.45 diluido) frente a $1.41M ($0.36) en el tercer trimestre de 2024. ROE subió a 13.35% desde 11.32%. Los ingresos netos por intereses fueron $5.14M, debido a menor gasto por intereses impulsado por una reducción del financiamiento al por mayor; los ingresos por intereses cayeron a $6.57M. Los activos totales fueron de $547.7M, frente a $574.3M, principalmente debido al reembolso de $24M del financiamiento al por mayor y de la deuda preferente de fideicomiso. La proporción de activos no performantes se mantuvo baja en 0.26%.
Commercial National Financial Corporation (OTCID: CEFC)은 2025년 3분기 순이익이 $1.79M($0.45 희석)으로 2024년 3분기 $1.41M($0.36)에서 증가했다고 보고했습니다. ROE는 11.32%에서 13.35%로 올랐습니다. 순이자이익은 $5.14M으로, 대규모 자금 조달 축소에 따른 이자비용 감소로 상승했습니다; 이자수익은 $6.57M로 떨어졌습니다. 총자산은 $547.7M으로 574.3M에서 감소했으며, 주로 도매 자금의 상환 및 트러스트 프리퍼드 채무로 인해 발생했습니다. 비실사 자산 비율은 0.26%로 낮은 수준을 유지했습니다.
Commercial National Financial Corporation (OTCID: CEFC) a affiché pour le troisième trimestre 2025 un bénéfice net de $1.79M ($0.45 dilué) contre $1.41M ($0.36) au T3 2024. Le ROE est passé à 13.35% contre 11.32%. Le produit net d'intérêts s'est élevé à $5.14M, en hausse en raison d'une diminution des coûts d'intérêts entraînée par une réduction du financement de gros; les revenus d'intérêts ont chuté à $6.57M. Les actifs totaux étaient de $547.7M, en baisse par rapport à 574.3M, principalement en raison du remboursement de $24M du financement de gros et de la dette de type trust preferred. Le ratio d'actifs non performants est resté faible à 0.26%.
Commercial National Financial Corporation (OTCID: CEFC) meldete den Nettogewinn für das dritte Quartal 2025 von $1.79M ($0.45 verwässert) gegenüber $1.41M ($0.36) im Q3 2024. Die Eigenkapitalrendite (ROE) stieg auf 13.35% von 11.32%. Die Nettozinseinnahmen betrugen $5.14M, bedingt durch geringere Zinsaufwendungen infolge einer Reduzierung der Großkundenfinanzierung; Zinserträge sanken auf $6.57M. Die Vermögenswerte beliefen sich auf $547.7M, insgesamt niedriger als 574.3M, hauptsächlich aufgrund der Rückzahlung von $24M an Großkundenfinanzierung und Trust-Preferred-Schulden. Der Anteil notleidender Vermögenswerte blieb mit 0.26% niedrig.
Commercial National Financial Corporation (OTCID: CEFC) أبلغت عن صافي دخل الربع الثالث من عام 2025 بمقدار $1.79M ($0.45 مخففاً) مقارنة بـ $1.41M ($0.36) في الربع الثالث من 2024. ارتفع عوائد حقوق المساهمين إلى 13.35% من 11.32%. بلغ صافي دخل الفوائد $5.14M، ارتفاعاً بفضل انخفاض مصروف الفوائد الناتج عن تقليل التمويل بالجملة؛ انخفضت دخل الفوائد إلى $6.57M. بلغت الأصول الإجمالية $547.7M، بانخفاض من 574.3M، ويرجع ذلك أساساً إلى سداد $24M من التمويل بالجملة وديون الثقة المفضلة. بقيت نسبة الأصول غير المولّدة منخفضة عند 0.26%.
- Net income +27% YoY to $1.79M
- Diluted EPS +25% YoY to $0.45
- Return on equity 13.35% (up from 11.32%)
- Market value per share $12.10 (up from $9.03)
- Tier 1 capital ratio 10.86% and total risk-based 17.75%
- Total assets declined to $547.7M after $24M debt repayments
- Loans declined $30M (7.3%), reducing interest-earning assets
ITHACA, Mich., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (OTCID: CEFC) reported net income for the third quarter of 2025 of
Net interest income for the third quarter of 2025 increased by
Total assets were
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 | ||||||||||||
| Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2025 | Sep 30, 2024 | ||||||||||
| Return on Equity | |||||||||||||
| Return on Assets | |||||||||||||
| Net Interest Margin | |||||||||||||
| Sep 30, 2025 | Sep 30, 2024 | ||||||||||||
| Non-Performing Assets Ratio | |||||||||||||
| Tier 1 Leverage Capital Ratio(1) | |||||||||||||
| Total Risk-Based Capital Ratio(1) | |||||||||||||
| Book Value Per Share | |||||||||||||
| Market Value Per Share | |||||||||||||
| (1)Ratios are for Commercial Bank | |||||||||||||
| Consolidated Statements of Income (unaudited): | ||||||||||||||
| Quarter Ended | Year to Date | |||||||||||||
| Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2025 | Sep 30, 2024 | |||||||||||
| Interest Income | $ | 6,567,747 | $ | 6,744,483 | $ | 19,584,846 | $ | 20,069,571 | ||||||
| Interest Expense | 1,430,850 | 2,067,285 | 4,630,286 | 6,322,485 | ||||||||||
| Net Interest Income | 5,136,897 | 4,677,198 | 14,954,560 | 13,747,086 | ||||||||||
| Provision for credit losses | (22,241 | ) | 229 | (56,454 | ) | (38,972 | ) | |||||||
| Non-interest income | 566,870 | 549,612 | 1,579,482 | 1,700,596 | ||||||||||
| Operating Expenses | 3,536,970 | 3,518,227 | 10,709,151 | 10,668,945 | ||||||||||
| Income before taxes | 2,189,038 | 1,708,354 | 5,881,345 | 4,817,709 | ||||||||||
| Income tax expense | 398,025 | 300,020 | 1,053,975 | 836,080 | ||||||||||
| Net Income | $ | 1,791,013 | $ | 1,408,334 | $ | 4,827,370 | $ | 3,981,629 | ||||||
| Net Income per share – diluted | $ | 0.45 | $ | 0.36 | $ | 1.22 | $ | 1.00 | ||||||
| Dividends declared | $ | 0.14 | $ | 0.14 | $ | 0.42 | $ | 0.42 | ||||||
| Consolidated Balance Sheets (unaudited): | |||||||
| Sep 30, 2025 | Sep 30, 2024 | ||||||
| Assets | |||||||
| Cash and cash equivalents | $ | 50,432,608 | $ | 55,606,415 | |||
| Time deposits with other banks | 1,494,000 | 1,992,000 | |||||
| Securities | 87,151,048 | 77,226,328 | |||||
| Loans | 377,670,851 | 407,594,529 | |||||
| Allowance for credit losses | (3,413,163 | ) | (3,528,332 | ) | |||
| Loans, net | 374,257,688 | 404,066,197 | |||||
| Premises and equipment, net | 9,732,492 | 10,092,279 | |||||
| Other assets | 24,647,796 | 25,285,806 | |||||
| Total Assets | $ | 547,715,632 | $ | 574,269,025 | |||
| Liabilities | |||||||
| Deposits | $ | 481,103,001 | $ | 505,613,266 | |||
| FHLB borrowings | 1,000,000 | 4,000,000 | |||||
| Trust preferred | 7,310,000 | 10,310,000 | |||||
| Other liabilities | 3,605,711 | 3,598,596 | |||||
| Total Liabilities | 493,018,712 | 523,521,862 | |||||
| Equity | |||||||
| Total Equity | 54,696,920 | 50,747,163 | |||||
| Total Liabilities and Equity | $ | 547,715,632 | $ | 574,269,025 | |||
Contact:
Benjamin Z. Ogle
CFO
989-875-5562
FAQ
What were CEFC Q3 2025 net income and EPS?
Why did CEFC total assets fall as of September 30, 2025?
How did CEFC's loan portfolio change in Q3 2025?
What capital ratios did Commercial Bank report at Sep 30, 2025 (CEFC)?
Did CEFC report changes in net interest income or margin in Q3 2025?
