Welcome to our dedicated page for Commercial Natl Finl Pa news (Ticker: CNAF), a resource for investors and traders seeking the latest updates and insights on Commercial Natl Finl Pa stock.
Commercial National Financial Corporation (CNAF) is the parent company of Commercial Bank & Trust of PA and is associated with the commercial banking industry in the finance and insurance sector. The CNAF news feed on this page aggregates the company’s own announcements and financial disclosures, giving readers a single place to review its reported performance and corporate actions.
In its news releases, Commercial National Financial Corporation regularly reports quarterly and annual earnings results, including consolidated statements of financial condition and income. These updates cover interest income on loans and securities, interest expense on deposits and short‑term borrowings, net interest income, credit for or provision for credit losses, other operating income such as asset management and trust income and service charges on deposit accounts, and operating expenses across salaries, occupancy, equipment, taxes, professional fees, FDIC insurance and other categories.
The company’s news also frequently includes dividend declarations, specifying per‑share cash dividends, record dates and payment dates, along with commentary on how earnings, prior undistributed earnings and funding costs influence dividend capacity. In addition, Commercial National Financial Corporation has announced a stock repurchase program authorizing repurchases of a portion of its outstanding common shares, describing how purchases may occur on the open market and may be adjusted or discontinued.
Other recurring topics in CNAF news releases include descriptions of its community banking facilities in several Pennsylvania communities, its asset management and trust division headquartered in Greensburg, Pennsylvania, and its labor relations, including union representation by the United Auto Workers, Local 1799 and the terms of its labor agreement. Investors and observers can use this news page to review the company’s own narrative about its financial condition, capital ratios, deposit composition and the impact of interest rate conditions, based solely on its published communications.
Commercial National Financial has declared a quarterly dividend of $0.11 per share, payable December 6, 2024, to shareholders of record as of November 29, 2024. The company noted that Federal Reserve Bank monetary policy easing, which would benefit the company, only began in mid-September 2024. The company's undistributed earnings from 2022-2023 were fully utilized in Q3 2024. Executive officers and directors own 16.11% (460,757 shares) of outstanding shares. The company operates seven community banking facilities in Pennsylvania, employs 80 people, with 34 employees represented by UAW Local 1799 under a labor agreement extending to February 2029.
Commercial National Financial (OTCQX:CNAF) reported Q3 2024 earnings of $325,000 ($0.11 per share), down from $881,000 ($0.31 per share) in Q3 2023. Nine-month earnings for 2024 were $1,205,000 ($0.42 per share), compared to $2,568,000 ($0.90 per share) in 2023. The company maintains strong capital ratios with tier one capital at $56,582,000. Core deposits comprise 85.4% of total deposits. The company operates seven community banking facilities in Pennsylvania with 80 employees, including 34 unionized workers under a labor agreement extending to February 2029.
Commercial National Financial (OTCQX:CNAF), parent of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share, payable September 6 to shareholders of record as of August 30. The company's executive officers and directors own 16.36% of outstanding shares. CNAF employs 81 people, with 34 represented by UAW Local 1799. A new labor agreement, effective February 15, 2024, will expire in February 2029.
CNAF operates seven community banking facilities in Pennsylvania, along with an asset management and trust division. The company also offers internet and automated telephone banking services. The unionized status of some employees may limit CNAF's strategic options compared to non-unionized institutions, a factor considered in its strategic and capital management decisions.
Commercial National Financial (OTCQX:CNAF) reported Q2 2024 earnings of $353,000 ($0.12 per share), down from $842,000 ($0.29 per share) in Q2 2023. For the first half of 2024, earnings were $880,000 ($0.30 per share), compared to $1,687,000 ($0.59 per share) in H1 2023. The company's financial performance was impacted by diminished expectations for Federal Reserve monetary policy easing. Undistributed earnings of $395,000 at Q2-end provide capacity for future dividend declarations. Capital ratios remain strong, with Tier 1 risk-based capital at 24.13%. The company's securities portfolio has been adversely affected by high interest rates, but asset quality remains strong. CNAF operates seven community banking facilities and employs 81 people, including 34 unionized employees.
Commercial National Financial (OTCQX:CNAF) declared a quarterly dividend of $0.26 per share, payable on June 7, 2024, to shareholders of record as of May 31. The company's executive officers and directors own 16.36% of outstanding shares, totaling 467,957 shares as of March 31, 2024.
The labor agreement with the United Auto Workers, covering 34 employees, was ratified in November 2023 and will expire in February 2029. The company operates seven community banking facilities in Pennsylvania and provides services through its asset management and trust division, internet banking, and automated teller system.
Commercial National Financial (CNAF) reported Q1 2024 earnings of $527,000, a decrease from $845,000 in Q1 2023. The company's undistributed earnings at the end of Q1 2024 were $786,000. The capital ratios and asset quality remained strong, with no loan delinquencies or non-accrual loans. The company's securities portfolio was impacted by high interest rates. The company employs 82 people, with 34 represented by a union. The labor agreement will expire in 2029.
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