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 reports community-bank earnings and capital actions as the parent company of Commercial Bank & Trust of PA. Company updates center on quarterly and annual results, tax-equivalent net interest margin, deposit composition, asset quality, capital ratios, and the effect of interest-rate conditions on securities available for sale.
CNAF news also includes shareholder-return actions such as quarterly dividends and stock repurchase authorization. The company describes its Pennsylvania banking footprint through community banking facilities, a commercial business development sales force, and an asset management and trust division of Commercial Bank & Trust of PA.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Commercial National Financial Corporation (OTCQX:CNAF) has declared a quarterly dividend of $0.26 per share, payable on March 10, 2023, to shareholders of record as of March 3, 2023. As of December 31, 2022, executive officers and directors owned 489,660 shares, representing 17.12% of the Company. The Company employs 80 individuals, with 32 unionized employees, and has maintained union representation since 1972. Its current labor agreement will expire in February 2024. Commercial National operates seven community banking facilities and offers various financial services, including asset management and trust services.
Commercial National Financial Corporation (OTCQX:CNAF) reported a net income of $1,325,000 for Q4 2022, down from $1,707,000 in Q4 2021. For the full year ended December 31, 2022, earnings dropped to $3,907,000 compared to $4,685,000 in 2021. The company’s tier one capital ratios remain strong at 22.73%, with total risk-based capital at $58,943,000. However, the securities portfolio has been negatively impacted by rising interest rates, contributing to a temporary loss in book capital. The company employs 80 staff members, with 17.12% of shares owned by executive officers and directors.