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, 2023, to shareholders of record as of March 1, 2023. CNB Financial Corporation has consolidated assets totaling approximately $5.5 billion and operates primarily through its subsidiary, CNB Bank, which offers a comprehensive range of banking services. The bank has a strong presence with 47 full-service offices in Pennsylvania, Ohio, New York, and Virginia, highlighting its expansive operation in multiple states.

Positive

• Quarterly cash dividend of $0.175 per share indicates strong financial health.
• Total consolidated assets of approximately $5.5 billion boost investor confidence.
• Diverse banking services attract a wide customer base.

Negative

• None.

CLEARFIELD, Pa., Feb. 14, 2023 (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 March 15, 2023 to common stock shareholders of record as of March 1, 2023.

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $5.5 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 47 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; Ridge View Bank, with loan production offices in the Southwest Virginia region; and Impressia Bank which will operate in CNB Bank’s primary market areas. 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 dividend of $0.175 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 15, 2023.

What is the record date for the dividend?

The record date for the dividend is March 1, 2023.

What is the significance of CNB Financial Corporation's total assets?

The total consolidated assets of approximately $5.5 billion demonstrate the company's solid financial standing.