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 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.
Commercial National Financial Corporation (OTCQX:CNAF) reported Q2 2022 earnings of $932,000 ($0.33 per share), down from $1,001,000 ($0.35 per share) in Q2 2021. For the first six months, earnings were $1,905,000 ($0.67 per share) compared to $2,069,000 ($0.72 per share) in the same period last year. The company maintained strong capital ratios: 21.74% tier one risk-based and 22.55% total risk-based at June 30, 2022. Direct and beneficial ownership by executives totaled 17.12%. The workforce included 82 employees, 34 of whom are unionized, with a labor agreement expiring in February 2024.
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