CNB Financial Corporation Announces Quarterly Dividend for Common Stock

Rhea-AI Summary

CNB Financial (Nasdaq: CCNE) announced a quarterly cash dividend of $0.175 per share for common stockholders, payable on June 14, 2024, to shareholders of record as of May 31, 2024.

The company, with consolidated assets of approximately $5.8 billion, operates primarily through CNB Bank, a full-service bank offering comprehensive banking activities, including trust and wealth management services. CNB Bank operates through various divisions, including ERIEBANK, FCBank, BankOnBuffalo, Ridge View Bank, and Impressia Bank, with offices in Pennsylvania, Ohio, New York, and Virginia.

Positive

• Quarterly cash dividend of $0.175 per share declared.
• Dividend payable on June 14, 2024.
• Record date for dividend is May 31, 2024.
• Consolidated assets total approximately $5.8 billion.
• CNB Bank offers a full range of banking activities and services.
• Operations include diverse regional brands: ERIEBANK, FCBank, BankOnBuffalo, Ridge View Bank, and Impressia Bank.

Negative

• No specific mention of revenue growth or profitability in the announcement.
• Potential investor concerns due to lack of detailed financial performance metrics.

CLEARFIELD, Pa., May 14, 2024 (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 June 14, 2024 to common stock shareholders of record as of May 31, 2024.

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $5.8 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, one mobile office, and 51 full-service offices in Pennsylvania, Ohio, New York, and Virginia. CNB Bank, headquartered in Clearfield, Pennsylvania, with offices in Central and North Central Pennsylvania, serves as the multi-brand parent to various divisions. These 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; Ridge View Bank, based in Roanoke, Virginia, with offices in the Southwest Virginia region; and Impressia Bank, a division focused on banking opportunities for women, which operates in CNB Bank's primary market areas. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank.

FAQ

What is the dividend per share announced by CNB Financial (CCNE)?

CNB Financial announced a quarterly cash dividend of $0.175 per share.

When is the dividend payable date for CNB Financial (CCNE) shareholders?

The dividend is payable on June 14, 2024.

What is the record date for CNB Financial 's (CCNE) quarterly dividend?

The record date for the dividend is May 31, 2024.

What are the consolidated assets of CNB Financial ?

CNB Financial has consolidated assets of approximately $5.8 billion.

Which divisions operate under CNB Bank?

The divisions under CNB Bank include ERIEBANK, FCBank, BankOnBuffalo, Ridge View Bank, and Impressia Bank.