Commercial National Financial

Commercial National Financial Corporation Reports 3rd Quarter 2023 Earnings

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Friday, October 27, 2023

CEFC, Pink, News, Commercial bank, ROE, Commercial National Financial, Security (finance)

ITHACA, Mich., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced that net income for the third quarter of 2023 was $1,702,000 or $0.43 per share compared to third quarter 2022 net income of $1,601,000 or $0.40 per share.

Key Points:

ITHACA, Mich., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced that net income for the third quarter of 2023 was $1,702,000 or $0.43 per share compared to third quarter 2022 net income of $1,601,000 or $0.40 per share.
Return on Equity (ROE) was 15.42% for the third quarter of 2023 compared to 15.72% for the third quarter of 2022.
For the third quarter of 2023, net interest income increased by $45,000 or 1.0% compared to the third quarter of 2022 primarily due to a higher net interest margin, partially offset by lower average interest-earning assets.
Total loans decreased by $2.5 million or 0.6% year over year, mainly due to a large commercial loan payoff during the third quarter of 2023.

Commercial National Financial Corporation Announces Quarterly Dividend

Retrieved on:

Monday, August 21, 2023

Commercial National Financial, CEFC, Pink, Holding company, Bank

ITHACA, Mich., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.

Key Points:

ITHACA, Mich., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.
The dividend is payable October 2, 2023 to shareholders of record September 15, 2023.
Based on a recent closing price of $8.65 per share, the annualized dividend yield is 6.47%.

Commercial National Financial Corporation Reports 2nd Quarter 2023 Earnings

Retrieved on:

Tuesday, July 25, 2023

Commercial bank, Commercial National Financial, ROE, News, CEFC, Pink, Security (finance)

ITHACA, Mich., July 25, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced second quarter 2023 net income of $1,543,000, or $.39 per share compared to second quarter 2022 net income of $1,518,000, or $.38 per share.

Key Points:

ITHACA, Mich., July 25, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced second quarter 2023 net income of $1,543,000, or $.39 per share compared to second quarter 2022 net income of $1,518,000, or $.38 per share.
Return on Equity (ROE) was 14.44% for the second quarter of 2023 compared to 14.23% for the second quarter of 2022.
For the second quarter of 2023, net interest income increased by $81,000, or 1.8% compared to the second quarter of 2022 primarily due to a higher net interest margin, partially offset by lower average interest-earning assets.
Total loans increased $9.2 million, or 2.2% when comparing June 30, 2023 to June 30, 2022.

Commercial National Financial Corporation Announces Quarterly Dividend

Retrieved on:

Friday, May 26, 2023

Commercial National Financial, CEFC, Pink, Holding company, Bank

ITHACA, Mich., May 26, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.

Key Points:

ITHACA, Mich., May 26, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.
The dividend is payable July 3, 2023 to shareholders of record on June 16, 2023.
Based on a recent closing price of $10.25 per share, the annualized dividend yield is 5.46%.

Commercial National Financial Corporation Reports 1st Quarter 2023 Earnings

Retrieved on:

Wednesday, April 26, 2023

Federal Home Loan Banks, Paycheck Protection Program, Commercial bank, Tax, PPP, Commercial National Financial, ROE, News, CEFC, Pink

ITHACA, Mich., April 26, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced first quarter 2023 net income of $1,470,000, or $.37 per share compared to first quarter 2022 net income of $3,050,000, or $.77 per share.

Key Points:

ITHACA, Mich., April 26, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced first quarter 2023 net income of $1,470,000, or $.37 per share compared to first quarter 2022 net income of $3,050,000, or $.77 per share.
Return on Equity (ROE) was 14.40% for the first quarter of 2023 compared to 26.26% for the first quarter of 2022.
Total loans, excluding PPP loans, increased $16.3 million, or 4% when comparing March 31, 2023 to March 31, 2022.
At March 31, 2023, PPP loans outstanding were approximately $.5 million compared to $3.8 million at March 31, 2022.

Commercial National Financial Corporation Announces Quarterly Dividend

Retrieved on:

Thursday, February 16, 2023

Commercial National Financial, Pink, CEFC, Holding company, Bank

ITHACA, Mich., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.

Key Points:

ITHACA, Mich., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.
The dividend is payable April 3, 2023 to shareholders of record on March 17, 2023.
Based on a recent closing price of $10.98 per share, the annualized dividend yield is 5.10%.

Commercial National Financial Corporation Reports 4th Quarter 2022 Earnings

Retrieved on:

Monday, January 30, 2023

Paycheck Protection Program, Commercial bank, CEFC, Bank, ROE, Commercial National Financial, PPP, Growth, Pink, Annual report, News, Security (finance)

ITHACA, Mich., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced fourth quarter 2022 net income of $1,912,000, or $.48 per share compared to fourth quarter 2021 net income of $1,765,000, or $.45 per share.

Key Points:

ITHACA, Mich., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced fourth quarter 2022 net income of $1,912,000, or $.48 per share compared to fourth quarter 2021 net income of $1,765,000, or $.45 per share.
Return on Equity (ROE) was 19.86% for the fourth quarter of 2022 compared to 15.62% for the fourth quarter of 2021.
For the fourth quarter of 2022, net interest income increased $595,000, or 13.2% compared to the fourth quarter of 2021 primarily due to higher market interest rates and the recovery of non-accrual loan interest.
Commercial National Financial Corporation operates through a single subsidiary bank, Commercial Bank.

Commercial National Financial Corporation Announces Quarterly Dividend

Retrieved on:

Wednesday, November 23, 2022

CEFC, Commercial National Financial, Pink, Holding company, Bank

ITHACA, Mich., Nov. 23, 2022 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.

Key Points:

ITHACA, Mich., Nov. 23, 2022 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.
The dividend is payable January 3, 2023 to shareholders of record on December 16, 2022.
Based on a recent closing price of $9.86 per share, the annualized dividend yield is 5.68%.

Commercial National Financial Corporation Reports 3rd Quarter 2022 Earnings

Retrieved on:

Thursday, October 27, 2022

Commercial National Financial, Annual report, PPP, ROE, News, Income, GLOBE, Commercial bank, Pink, CEFC, Growth, Paycheck Protection Program

ITHACA, Mich., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced third quarter 2022 net income of $1,601,000, or $.40 per share compared to third quarter 2021 net income of $1,478,000, or $.37 per share.

Key Points:

ITHACA, Mich., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced third quarter 2022 net income of $1,601,000, or $.40 per share compared to third quarter 2021 net income of $1,478,000, or $.37 per share.
Return on Equity (ROE) was 15.72% for the third quarter of 2022 compared to 13.35% for the third quarter of 2021.
For the third quarter of 2022, net interest income increased $458,000, or 11.3% compared to the third quarter of 2021 primarily due to higher market interest rates and interest-earning assets.
Commercial National Financial Corporation operates through a single subsidiary bank, Commercial Bank.

Commercial National Financial Corporation Announces Quarterly Dividend

Retrieved on:

Thursday, August 18, 2022

Board, Director, Commercial National Financial, GLOBE, CEFC, Pink, Holding company, Bank

ITHACA, Mich., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.

Key Points:

ITHACA, Mich., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share.
The dividend is payable October 3, 2022 to shareholders of record on September 16, 2022.
Based on a recent closing price of $11.60 per share, the annualized dividend yield is 4.83%.