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.
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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.
Commercial National Financial Corporation (OTCQX:CNAF) has announced a quarterly dividend of $0.26 per share, payable on December 2, 2022, to shareholders of record as of November 25. As of September 30, 2022, executive officers and directors hold 489,660 shares, representing 17.12% of outstanding shares. The company operates seven community banking facilities in Pennsylvania and employs 79 people. The existing labor agreement with the United Auto Workers is set to expire in February 2024.
Commercial National Financial Corporation (OTCQX:CNAF) reported Q3 2022 earnings of $677,000 ($0.23 per share), a decline from $909,000 ($0.32 per share) in Q3 2021. For the nine-month period, earnings fell to $2,582,000 ($0.90 per share) from $2,978,000 ($1.04 per share) year-over-year. The company's capital ratios as of September 30, 2022, were robust, with tier one capital at 22.05%. Additionally, a property was disposed of successfully, generating a $70,000 gain. However, rising interest rates negatively impacted the securities portfolio.
Commercial National Financial Corporation (OTCQX:CNAF) has declared a quarterly dividend of $0.26 per share, payable on September 2, 2022, to shareholders on record as of August 26, 2022. As of June 30, 2022, executive officers and directors owned 489,660 shares, representing 17.12% of total shares. The company employs 82 personnel, with 34 represented by the United Auto Workers. The labor agreement with the bargaining unit, effective since February 16, 2019, will expire in February 2024.
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