CNB Financial Corporation Announces Quarterly Dividend for Common Stock

Rhea-AI Summary

The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.175 per share, payable on March 15, 2022. Shareholders on record as of March 1, 2022 will receive this dividend. CNB Financial Corporation has consolidated assets of approximately $5.3 billion and offers a range of banking services through its primary subsidiary, CNB Bank. The bank operates 45 full-service offices across Pennsylvania, Ohio, New York, and Virginia.

Positive

• Declared a quarterly cash dividend of $0.175 per share, indicating confidence in financial stability.
• Consolidated assets of approximately $5.3 billion, demonstrating strong financial positioning.

Negative

• None.

CLEARFIELD, Pa., Feb. 08, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) (the "Corporation") has announced the declaration of a $0.175 per share of common stock quarterly cash dividend payable on March 15, 2022 to common stock shareholders of record as of March 1, 2022.

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $5.3 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division, three loan production offices, one drive-up office and 45 full-service offices in Pennsylvania, Ohio, New York and Virginia. CNB Bank’s divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in northwest Pennsylvania and northeast Ohio; FCBank, based in Worthington, Ohio, with offices in central Ohio; BankOnBuffalo, based in Buffalo, New York, with offices in western New York; and Ridge View Bank, with loan production offices in the Roanoke, Virginia region. CNB Bank is headquartered in Clearfield, Pennsylvania, with offices in central and north central Pennsylvania. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank.

FAQ

What is the dividend amount announced by CNB Financial Corporation?

CNB Financial Corporation announced a dividend of $0.175 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 15, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is March 1, 2022.

How much are the consolidated assets of CNB Financial Corporation?

CNB Financial Corporation has consolidated assets of approximately $5.3 billion.