Welcome to our dedicated page for Commercial news (Ticker: CEFC), a resource for investors and traders seeking the latest updates and insights on Commercial stock.
Commercial National Financial Corporation operates as the holding company for a commercial bank providing various banking products and services to individuals, agricultural businesses, commercial businesses, and light industries in Michigan. They offer personal and business loan products, deposit products, and other services including business visa check cards and merchant bankcard ref.
For the first quarter of 2024, net interest income decreased slightly, while noninterest income increased. Operating expenses also rose as total assets and total loans saw slight decreases. The company remains significantly above 'well capitalized' for regulatory purposes, with plans for a new Grand Rapids office opening in early June 2024.
Commercial National Financial Corporation (CEFC) has declared a quarterly cash dividend of 14 cents per share, scheduled for payment on October 3, 2022. Shareholders recorded as of September 16, 2022 will qualify for this dividend. Based on the recent closing price of $11.60 per share, this results in an annualized dividend yield of 4.83%. This move underscores the company's commitment to returning value to its shareholders.
Commercial National Financial Corporation (CEFC) reported a net income of $1,518,113, or $0.38 per share, for Q2 2022, an increase from $1,411,813, or $0.36 per share, in Q2 2021. The Return on Equity rose to 14.23% from 13.15%. Net interest income grew by 9.5% to $4,458,438, driven by higher interest-earning assets. Total assets reached $625 million, up from $587.6 million year-over-year. However, non-interest income fell by 17.6% to $496,982. The company reported a non-performing assets ratio of just 0.11%, a significant improvement from 0.84% a year earlier.
Commercial National Financial Corporation (CEFC) declared a quarterly cash dividend of 14 cents per share, payable on July 1, 2022 to shareholders of record as of June 17, 2022. At a recent closing price of $12.40 per share, this equates to an annualized dividend yield of 4.52%. This announcement reflects the company's commitment to returning value to its shareholders.
Commercial National Financial Corporation (CEFC) reported a first quarter 2022 net income of $3,050,000 ($0.77 per share), up from $1,712,000 ($0.43 per share) in Q1 2021. This marks a 78.1% increase in net income year-over-year. The Return on Equity (ROE) stands at 26.26%, compared to 16.42% the previous year. Notably, net interest income rose by 46.1% due to significant PPP loan forgiveness. Total assets grew to $627.4 million, reflecting strong deposit growth. However, noninterest income experienced a slight decline of 0.7%.
Commercial National Financial Corporation (Pink Sheets: CEFC) has declared a quarterly cash dividend of 14 cents per share, scheduled for payment on April 1, 2022. Shareholders on record by March 18, 2022 will receive this dividend. The declaration reflects a strong financial position, offering an annualized dividend yield of 4.48% based on the recent closing price of $12.50 per share. This move underscores the company's commitment to returning value to its shareholders.
Commercial National Financial Corporation (CEFC) reported a robust fourth quarter 2021 net income of $1,765,000, up from $1,237,000 in Q4 2020, translating to $0.45 per share against $0.31. The Return on Equity (ROE) improved to 15.62% from 11.91% year-over-year. Net interest income rose by 15.1% to $4,493,929, attributed to increased accretion on PPP loans. Total assets grew to $610.8 million, up from $547.8 million, driven by core deposit growth. However, non-interest income dipped by 12.3% to $531,784 due to lower miscellaneous income.
Commercial National Financial Corporation (CEFC) declared a quarterly cash dividend of 14 cents per share, payable on January 3, 2022. Shareholders of record by December 17, 2021 will receive this dividend. Based on the recent closing price of $11.35 per share, the annualized dividend yield is 4.93%.
Commercial National Financial Corporation (CEFC) reported a third-quarter 2021 net income of $1,478,000 ($0.37 per share), up from $1,177,000 ($0.30 per share) in Q3 2020. The Return on Equity (ROE) improved to 13.35% from 11.50%. Net interest income grew by 4.1% to $4,067,298, attributed to a higher average balance of interest-earning assets despite a slight decrease in net interest margin. Operating expenses increased by 12%, influenced by new hires and professional fees. Assets rose to $591.8 million, primarily due to core deposit growth and increased Paycheck Protection Program loans.
On August 19, 2021, Commercial National Financial Corporation (CEFC) declared a quarterly cash dividend of 14 cents per share. The dividend will be payable on October 1, 2021 to shareholders of record as of September 17, 2021. At a recent closing price of $10.77 per share, the annualized dividend yield stands at 5.20%, reflecting strong returns for shareholders.
Commercial National Financial Corporation (CEFC) reported second quarter 2021 net income of $1,412,000 ($.36 per share), up from $1,147,000 ($.29 per share) in Q2 2020. The Return on Equity (ROE) improved to 13.15% from 11.54% year-on-year, while net interest income grew by 3.1% to $4,072,187. Total assets increased to $587.6 million from $554.8 million in 2020. Notably, the provision for loan losses was zero, compared to $450,000 in Q2 2020, reflecting improved economic conditions.