CNB Financial Corporation Announces Quarterly Dividend For Common Stock

Rhea-AI Summary

The Board of Directors of CNB Financial Corporation (CCNE) has declared a quarterly cash dividend of $0.175 per share, payable on June 15, 2022, to shareholders of record as of June 1, 2022. As of March 31, 2022, CNB Financial has consolidated assets of approximately $5.3 billion. The corporation, operating primarily through its subsidiary CNB Bank, provides a comprehensive range of banking services, including trust and wealth management, across Pennsylvania, Ohio, New York, and Virginia.

Positive

• Quarterly cash dividend of $0.175 enhances shareholder income.
• Consolidated assets of approximately $5.3 billion indicate strong financial position.

Negative

• None.

CLEARFIELD, Pa., May 17, 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 June 15, 2022 to common stock shareholders of record as of June 1, 2022.

CNB Financial Corporation is a financial holding company with consolidated assets of approximately $5.3 billion as of March 31, 2022. 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, two 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 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 CCNE?

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

When will the dividend be paid to shareholders of CCNE?

The dividend will be paid on June 15, 2022.

What is the record date for the dividend payment by CCNE?

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

How much are the consolidated assets of CNB Financial Corporation?

CNB Financial Corporation has consolidated assets of approximately $5.3 billion as of March 31, 2022.