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.
Commercial National Financial Corporation (OTCQX:CNAF) announced a quarterly dividend of $0.26 per share, payable on March 4 to shareholders of record as of February 25. The company's executive officers and directors own 17.09% of outstanding shares, totaling 489,071 shares. As of December 31, 2021, the company employed 79 people, with 31 represented by the union. The current labor agreement is set to expire in February 2024. The company operates seven community banking facilities across western Pennsylvania and maintains an asset management division.
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Commercial National Financial Corporation (CNAF) reported fourth quarter 2021 earnings of $1,910,000 ($0.67/share), down from $2,512,000 ($0.88/share) in 2020. For the full year, earnings were $4,888,000 ($1.71/share), a decrease from $5,713,000 ($2.00/share) in 2020. The results included a $1,700,000 loan loss reserve release, ensuring continued $0.26 quarterly dividends for shareholders. Direct ownership by executives totaled 17.09%, and the company employs 79 staff, 31 of whom are unionized, with a labor contract expiring in February 2024.
Commercial National Financial Corporation (OTCQX:CNAF) has announced a quarterly dividend of $0.26 per share, payable on December 3 to shareholders recorded as of November 26. As of September 30, 2021, executive officers and directors hold 17.08% of outstanding shares. The company employs 77 people, with a portion unionized since 1972. The current labor agreement is set to expire in February 2024, potentially affecting strategic options.
Summary not available.
Commercial National Financial Corporation (CNAF) has announced a quarterly dividend of $0.26 per share, payable on September 3 to shareholders of record as of August 27. As of June 30, 2021, executive officers and directors owned 16.37% of outstanding shares, totaling 468,212 shares. The company employs 81 staff, with 31 represented by the United Auto Workers, Local 1799. The labor agreement is set to expire in February 2024. CNAF operates eight community banking facilities across Pennsylvania and offers online banking services.
Summary not available.
Commercial National Financial Corporation (OTCQX:CNAF) has announced a special cash dividend of $1.00 per share, payable on June 4, 2021, to shareholders recorded by May 28, 2021. This dividend, supported by undistributed earnings from 2020 and Q1 2021, marks the company's fourth special payout of $1.00 since 2012. Cumulatively, the company has issued $4.76 per share in special dividends, totaling $13.6 million to shareholders. The regular quarterly dividend remains intact at $0.26, affirming the firm’s strong capital position and commitment to equitable dividend distribution.
Commercial National Financial Corporation (OTCQX:CNAF) announced a quarterly dividend of $0.26 per share, payable on June 4, 2021, to shareholders of record by May 28, 2021. Executive officers and directors hold 460,362 shares, approximately 16.09% of outstanding shares as of March 31, 2021. The company currently employs 79 people and has a collective bargaining agreement set to expire in February 2024. Additionally, CNAF operates eight community banking facilities across various Pennsylvania locations.
Commercial National Financial Corporation (CNAF) reported a net income of $1,068,000 or $0.37 per share for Q1 2021, down from $1,816,000 or $0.63 per share year-over-year. This decline was influenced by $730,000 in tax-free life insurance proceeds in Q1 2020. Despite the earnings drop, the company maintains a solid capital position, supporting its regular $0.26 quarterly dividend. As of March 31, 2021, executive ownership represented 16.09% of outstanding shares, and the company employed 79 staff members.