CNB Financial Corporation Announces Quarterly Dividend for Series A Preferred Stock and Related Depositary Shares Distribution

Rhea-AI Summary

The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) has declared a quarterly cash dividend of $0.4453125 per depositary share, based on a $17.8125 per share dividend on its Series A Preferred Stock. This dividend is payable on March 1, 2022, for shareholders on record as of February 15, 2022. With consolidated assets of approximately $5.3 billion, CNB Financial conducts business primarily through its principal subsidiary, CNB Bank, which offers a wide range of banking services across multiple states.

Positive

• Declaration of a quarterly cash dividend of $0.4453125 per depositary share indicates positive cash flow and company confidence.
• Consolidated assets of approximately $5.3 billion illustrate the corporation's strong financial position.

Negative

• None.

CLEARFIELD, Pa., Feb. 03, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of CNB Financial Corporation (Nasdaq: CCNE) (the "Corporation") has announced the declaration of a quarterly cash dividend of $0.4453125 per depositary share, resulting from the Corporation’s declaration of a $17.8125 per share dividend on its Series A Preferred Stock. The dividend is payable on March 1, 2022, for holders of record as of February 15, 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 45 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 Roanoke, 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 has declared a quarterly cash dividend of $0.4453125 per depositary share.

When is the dividend payable for CNB Financial Corporation?

The dividend is payable on March 1, 2022, for holders of record as of February 15, 2022.

How much is the Series A Preferred Stock dividend for CNB Financial Corporation?

The Series A Preferred Stock dividend declared is $17.8125 per share.

What are the total assets of CNB Financial Corporation?

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