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 (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.
Commercial National Financial Corporation (CEFC) reported a strong third quarter of 2022, with net income rising to $1,601,000 (or $0.40 per share) compared to $1,478,000 (or $0.37 per share) in 2021. The company's Return on Equity (ROE) increased to 15.72% from 13.35% year-over-year. Net interest income surged by 11.3% to $4,524,951, driven by higher market interest rates. Total loans rose by $21.3 million (5.4%) compared to the previous year. Total assets grew to $613.1 million, up from $591.8 million in 2021, reflecting solid core deposit growth.
Commercial National Financial Corporation (CEFC) has declared a quarterly cash dividend of 14 cents per share, scheduled for payment on October 3, 2022. Shareholders recorded as of September 16, 2022 will qualify for this dividend. Based on the recent closing price of $11.60 per share, this results in an annualized dividend yield of 4.83%. This move underscores the company's commitment to returning value to its shareholders.
Commercial National Financial Corporation (CEFC) reported a net income of $1,518,113, or $0.38 per share, for Q2 2022, an increase from $1,411,813, or $0.36 per share, in Q2 2021. The Return on Equity rose to 14.23% from 13.15%. Net interest income grew by 9.5% to $4,458,438, driven by higher interest-earning assets. Total assets reached $625 million, up from $587.6 million year-over-year. However, non-interest income fell by 17.6% to $496,982. The company reported a non-performing assets ratio of just 0.11%, a significant improvement from 0.84% a year earlier.
Commercial National Financial Corporation (CEFC) declared a quarterly cash dividend of 14 cents per share, payable on July 1, 2022 to shareholders of record as of June 17, 2022. At a recent closing price of $12.40 per share, this equates to an annualized dividend yield of 4.52%. This announcement reflects the company's commitment to returning value to its shareholders.
Commercial National Financial Corporation (CEFC) reported a first quarter 2022 net income of $3,050,000 ($0.77 per share), up from $1,712,000 ($0.43 per share) in Q1 2021. This marks a 78.1% increase in net income year-over-year. The Return on Equity (ROE) stands at 26.26%, compared to 16.42% the previous year. Notably, net interest income rose by 46.1% due to significant PPP loan forgiveness. Total assets grew to $627.4 million, reflecting strong deposit growth. However, noninterest income experienced a slight decline of 0.7%.
Commercial National Financial Corporation (Pink Sheets: CEFC) has declared a quarterly cash dividend of 14 cents per share, scheduled for payment on April 1, 2022. Shareholders on record by March 18, 2022 will receive this dividend. The declaration reflects a strong financial position, offering an annualized dividend yield of 4.48% based on the recent closing price of $12.50 per share. This move underscores the company's commitment to returning value to its shareholders.
Commercial National Financial Corporation (CEFC) reported a robust fourth quarter 2021 net income of $1,765,000, up from $1,237,000 in Q4 2020, translating to $0.45 per share against $0.31. The Return on Equity (ROE) improved to 15.62% from 11.91% year-over-year. Net interest income rose by 15.1% to $4,493,929, attributed to increased accretion on PPP loans. Total assets grew to $610.8 million, up from $547.8 million, driven by core deposit growth. However, non-interest income dipped by 12.3% to $531,784 due to lower miscellaneous income.
Commercial National Financial Corporation (CEFC) declared a quarterly cash dividend of 14 cents per share, payable on January 3, 2022. Shareholders of record by December 17, 2021 will receive this dividend. Based on the recent closing price of $11.35 per share, the annualized dividend yield is 4.93%.
Commercial National Financial Corporation (CEFC) reported a third-quarter 2021 net income of $1,478,000 ($0.37 per share), up from $1,177,000 ($0.30 per share) in Q3 2020. The Return on Equity (ROE) improved to 13.35% from 11.50%. Net interest income grew by 4.1% to $4,067,298, attributed to a higher average balance of interest-earning assets despite a slight decrease in net interest margin. Operating expenses increased by 12%, influenced by new hires and professional fees. Assets rose to $591.8 million, primarily due to core deposit growth and increased Paycheck Protection Program loans.
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