Commercial - CEFC STOCK NEWS

Commercial National Financial (CEFC) reported Q4 2024 net income of $1,882,000 ($0.47 per share), up from $1,458,000 ($0.37 per share) in Q4 2023. The company's ROE increased to 14.73% from 13.34% year-over-year. Net interest income rose by $362,000 (7.9%), driven by federal funds rate cuts and higher yields on loans and securities.

Total assets decreased to $567 million from $579 million, primarily due to $13 million in repayment of wholesale borrowings and trust preferred debt. Total loans decreased by $22 million (5.2%), though loan quality remained strong with a non-performing assets ratio of 0.28%. The security portfolio decreased by $12 million as matured securities were used to repay wholesale borrowings. Commercial Bank maintains 'well capitalized' status with improved capital ratios.

Commercial National Financial (CEFC) has declared a quarterly cash dividend of $0.14 per share. The dividend will be paid on January 2, 2025, to shareholders of record as of December 13, 2024. Based on the recent stock price of $9.99 per share, this represents an annualized dividend yield of 5.61%.

Commercial National Financial (CEFC) reported Q3 2024 net income of $1,408,000 ($0.36 per share), down from $1,702,000 ($0.43 per share) in Q3 2023. Net interest income increased by $107,000 (2.3%), with interest income up by $288,000. Total assets decreased to $574.3 million from $587.8 million year-over-year. Despite a 1.7% decrease in total loans, loan quality remained strong with a 0.21% non-performing assets ratio. The company's ROE decreased to 11.32% from 15.42%, while maintaining strong capital ratios above regulatory requirements.

Commercial National Financial (Pink Sheets: CEFC) has declared a quarterly cash dividend of 14 cents per share. The dividend will be paid on October 1, 2024 to shareholders of record as of September 13, 2024. Based on a recent stock price of $9.11 per share, the annualized dividend yield is calculated at 6.15%. This announcement demonstrates the company's commitment to providing regular returns to its shareholders, potentially making it an attractive option for income-focused investors.

Commercial National Financial (CEFC) reported Q2 2024 net income of $1,412,000 or $0.36 per share, compared to $1,543,000 or $0.39 per share in Q2 2023. The Return on Equity (ROE) decreased to 11.96% from 14.44% year-over-year. Net interest income slightly increased by 0.8%, with interest income up by $430,000 due to higher yields. Non-interest income rose by 19.1%, while operating expenses increased by 11.5%. Total assets decreased to $572.7 million from $587.9 million, with a 1.4% decrease in deposit balances. Loan quality remained strong with a non-performing assets ratio of 0.22%. CEFC's subsidiary, Commercial Bank, maintains a well-capitalized status. The company also announced the opening of a new banking office in Grand Rapids.

Commercial National Financial (Pink Sheets: CEFC) announced on May 17, 2024, that its Board of Directors has declared a regular quarterly cash dividend of 14 cents per share. The dividend is payable on July 1, 2024, to shareholders of record on June 14, 2024. Based on the recent closing price of $8.54 per share, the annualized dividend yield is 6.56%.

Commercial National Financial reported a net income of $1,161,000 or $0.29 per share for the first quarter of 2024, compared to $1,470,000 or $0.37 per share in the first quarter of 2023. Return on Equity (ROE) decreased to 9.95% from 14.40% in the same period. Net interest income decreased by 4.2% due to higher interest expenses outpacing income growth. Noninterest income increased by 13.7%, while operating expenses rose by 9.9%. Total assets decreased to $591.7 million from $600.9 million in March 2023, mainly due to repayment of borrowings and a decrease in deposit balances. Despite a reduction in total loans, loan quality remained strong with a non-performing assets ratio of 0.20%. The construction of a new office in Grand Rapids is nearing completion, with an expected opening in June 2024.

Commercial National Financial Corporation (CEFC) declares a quarterly cash dividend of 14 cents per share, yielding 5.93% annually.

Commercial National Financial Corporation (CEFC) reported a decrease in net income for Q4 2023 compared to Q4 2022, with a lower return on equity and decreased net interest income. Total loans and assets also saw a decrease, while non-interest income and operating expenses were impacted. Despite these challenges, CEFC's subsidiary, Commercial Bank, remains well-capitalized.