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

Rhea-AI Summary

CNB Financial Corporation (CCNE) has announced a quarterly cash dividend of $0.4453125 per depositary share, following the declaration of $17.8125 per share on its Series A Preferred Stock. This dividend is set to be paid on December 1, 2022, to shareholders who are on record by November 17, 2022. With consolidated assets of approximately $5.3 billion, CNB Financial operates through its principal subsidiary, CNB Bank, which provides a broad range of financial services across several states.

Positive

• Quarterly cash dividend of $0.4453125 enhances shareholder income.
• Strong consolidated assets of approximately $5.3 billion indicate financial stability.

Negative

• None.

CLEARFIELD, Pa., Nov. 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 quarterly cash dividend of $17.8125 per share on its Series A Preferred Stock. The dividend is payable on December 1, 2022, for holders of record as of November 17, 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 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 CNB Financial Corporation (CCNE)?

The dividend amount declared is $0.4453125 per depositary share.

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

The dividend is payable on December 1, 2022.

What is the record date for the CNB Financial Corporation (CCNE) dividend?

The record date is November 17, 2022.

What are the total consolidated assets of CNB Financial Corporation (CCNE)?

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