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) delivers community-focused banking services through Pennsylvania-based branches and digital platforms. This page aggregates official news and financial updates from the NASDAQ-listed holding company and its Commercial Bank & Trust of PA subsidiary.
Investors and customers will find timely updates on earnings reports, new financial products, and community development initiatives. Track developments in CNAF's core offerings including CD rates, construction mortgages, and trust services while monitoring strategic responses to economic trends affecting regional banks.
Key updates cover asset quality metrics, digital banking enhancements, and labor relations under the long-standing union agreement. Content is curated to help stakeholders assess CNAF's market position amidst interest rate fluctuations and competitive pressures.
Bookmark this page for structured access to CNAF's financial communications, regulatory filings, and service announcements. Verify time-sensitive details through official SEC filings and bank disclosures when making decisions.
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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