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 (Pink Sheets: CEFC) announced on May 17, 2024, that its Board of Directors has declared a regular quarterly cash dividend of 14 cents per share. The dividend is payable on July 1, 2024, to shareholders of record on June 14, 2024. Based on the recent closing price of $8.54 per share, the annualized dividend yield is 6.56%.
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.
FAQ
What is the current stock price of Commercial (CEFC)?
What is the market cap of Commercial (CEFC)?
