CNB Financial Corporation Announces Quarterly Dividend for Common Stock

Rhea-AI Summary

The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) has announced a quarterly cash dividend of $0.175 per share. This dividend is payable on December 15, 2022, to shareholders of record as of December 1, 2022. CNB Financial Corporation, with consolidated assets of approximately $5.3 billion, operates through its principal subsidiary, CNB Bank, which offers a range of banking services across several states, including Pennsylvania, Ohio, New York, and Virginia.

Positive

• Declaration of a quarterly cash dividend of $0.175 per share, indicating strong cash flow and commitment to returning value to shareholders.
• Consolidated assets of approximately $5.3 billion reflect a solid financial standing.

Negative

• None.

CLEARFIELD, Pa., Nov. 08, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) declared a quarterly cash dividend of $0.175 per share of common stock payable on December 15, 2022 to common stock shareholders of record as of December 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 46 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 Southwest 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 declared by CNB Financial Corporation?

CNB Financial Corporation declared a cash dividend of $0.175 per share.

When will the dividend be paid?

The dividend will be paid on December 15, 2022.

Who is eligible to receive the dividend?

Shareholders of record as of December 1, 2022, are eligible to receive the dividend.

What is the financial status of CNB Financial Corporation?

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