CNB Financial Corporation Announces Quarterly Dividend For Common Stock

Rhea-AI Summary

The Board of Directors of CNB Financial Corporation (CCNE) announced a quarterly cash dividend of $0.175 per share, payable on September 15, 2022, to shareholders recorded as of September 1, 2022. CNB Financial Corporation, with consolidated assets of approximately $5.3 billion, operates primarily through CNB Bank, providing a comprehensive range of banking services, including wealth management and trust services. The bank serves a diverse customer base across Pennsylvania, Ohio, New York, and Virginia.

Positive

• Quarterly cash dividend of $0.175 per share announced, demonstrating shareholder returns.
• Consolidated assets of approximately $5.3 billion indicate solid financial standing.
• Comprehensive banking services cater to a diverse customer base.

Negative

• None.

CLEARFIELD, Pa., Aug. 09, 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 September 15, 2022 to common stock shareholders of record as of September 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 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?

The dividend amount declared is $0.175 per share.

When will the dividend be paid?

The dividend will be paid on September 15, 2022.

Who are eligible shareholders for the dividend?

Shareholders of record as of September 1, 2022, are eligible for the dividend.

How often does CNB Financial Corporation pay dividends?

CNB Financial Corporation typically pays dividends quarterly.

What is the financial position of CNB Financial Corporation?

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