Welcome to our dedicated page for Commercial news (Ticker: CEFC), a resource for investors and traders seeking the latest updates and insights on Commercial stock.
Commercial National Financial Corporation (CEFC) delivers essential banking services across Michigan through its subsidiary Commercial Bank. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and community initiatives.
Access authoritative coverage of CEFC's press releases, including earnings announcements, leadership changes, and product launches. Our curated collection simplifies tracking regulatory filings, loan portfolio expansions, and market position updates relevant to regional banking trends.
Discover categorized updates on commercial lending strategies, deposit product innovations, and risk management practices. Content spans merger/acquisition activity, branch network growth, and agricultural financing programs – critical for assessing the company's operational health.
Bookmark this page for streamlined access to CEFC's evolving story. Combine quarterly results with strategic announcements to gauge long-term performance within Michigan's competitive financial landscape.
Commercial National Financial Corporation (CEFC) reported a first quarter 2023 net income of $1.47 million ($0.37 per share), down from $3.05 million ($0.77 per share) in Q1 2022. The Return on Equity (ROE) fell to 14.40% from 26.26% year-over-year. Net interest income decreased by $1.65 million (26.1%), primarily due to lower fees from Paycheck Protection Program (PPP) loans, although net interest income rose by 22.7% when excluding those fees. Total loans, excluding PPP loans, grew by $16.3 million (4%). The company’s total assets were $600.9 million, down from $627.4 million a year earlier. The incurred provision for credit losses rose to $121,000.
Commercial National Financial Corporation (CEFC) has announced a quarterly cash dividend of 14 cents per share. This dividend will be payable on April 3, 2023, to shareholders of record by March 17, 2023. With a recent closing price of $10.98 per share, the annualized dividend yield stands at 5.10%, reflecting the company's commitment to returning value to its shareholders.
Commercial National Financial Corporation (CEFC) reported a fourth quarter 2022 net income of $1,912,000 ($0.48/share), up from $1,765,000 ($0.45/share) in Q4 2021. The Return on Equity improved to 19.86% from 15.62% year-over-year. Net interest income rose by 13.2%, driven by higher market interest rates, totaling $5,089,027. Total loans increased by $9.2 million or 2.3%, while non-interest income fell 7.7% to $490,764. Operating expenses increased by 2.9%, and total assets reached $613.8 million.
Commercial National Financial Corporation (Pink Sheets: CEFC) has declared a quarterly cash dividend of 14 cents per share. The dividend will be payable on January 3, 2023 to shareholders recorded by December 16, 2022. This announcement reflects an annualized dividend yield of 5.68%, based on a recent closing price of $9.86 per share. The decision demonstrates the company’s commitment to returning value to its shareholders.
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