COMML NATL FINCL CORP PA - CNAF STOCK NEWS

Commercial National Financial (OTCQX:CNAF) reported Q3 2024 earnings of $325,000 ($0.11 per share), down from $881,000 ($0.31 per share) in Q3 2023. Nine-month earnings for 2024 were $1,205,000 ($0.42 per share), compared to $2,568,000 ($0.90 per share) in 2023. The company maintains strong capital ratios with tier one capital at $56,582,000. Core deposits comprise 85.4% of total deposits. The company operates seven community banking facilities in Pennsylvania with 80 employees, including 34 unionized workers under a labor agreement extending to February 2029.

Commercial National Financial (OTCQX:CNAF), parent of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share, payable September 6 to shareholders of record as of August 30. The company's executive officers and directors own 16.36% of outstanding shares. CNAF employs 81 people, with 34 represented by UAW Local 1799. A new labor agreement, effective February 15, 2024, will expire in February 2029.

CNAF operates seven community banking facilities in Pennsylvania, along with an asset management and trust division. The company also offers internet and automated telephone banking services. The unionized status of some employees may limit CNAF's strategic options compared to non-unionized institutions, a factor considered in its strategic and capital management decisions.

Commercial National Financial (OTCQX:CNAF) reported Q2 2024 earnings of $353,000 ($0.12 per share), down from $842,000 ($0.29 per share) in Q2 2023. For the first half of 2024, earnings were $880,000 ($0.30 per share), compared to $1,687,000 ($0.59 per share) in H1 2023. The company's financial performance was impacted by diminished expectations for Federal Reserve monetary policy easing. Undistributed earnings of $395,000 at Q2-end provide capacity for future dividend declarations. Capital ratios remain strong, with Tier 1 risk-based capital at 24.13%. The company's securities portfolio has been adversely affected by high interest rates, but asset quality remains strong. CNAF operates seven community banking facilities and employs 81 people, including 34 unionized employees.

Commercial National Financial (OTCQX:CNAF) declared a quarterly dividend of $0.26 per share, payable on June 7, 2024, to shareholders of record as of May 31. The company's executive officers and directors own 16.36% of outstanding shares, totaling 467,957 shares as of March 31, 2024.

The labor agreement with the United Auto Workers, covering 34 employees, was ratified in November 2023 and will expire in February 2029. The company operates seven community banking facilities in Pennsylvania and provides services through its asset management and trust division, internet banking, and automated teller system.

Commercial National Financial (CNAF) reported Q1 2024 earnings of $527,000, a decrease from $845,000 in Q1 2023. The company's undistributed earnings at the end of Q1 2024 were $786,000. The capital ratios and asset quality remained strong, with no loan delinquencies or non-accrual loans. The company's securities portfolio was impacted by high interest rates. The company employs 82 people, with 34 represented by a union. The labor agreement will expire in 2029.

Commercial National Financial Corporation (CNAF) declares a quarterly dividend of $0.26 per share, with executive officers and directors owning 16.36% of outstanding shares. The company employs 85 people, 35 of whom are unionized. The labor agreement was negotiated in November 2023 and will expire in February 2029. The company operates seven community banking facilities and an asset management division.

Commercial National Financial Corporation (CNAF) reported a decrease in earnings for the fourth quarter of 2023 compared to the same period in 2022. The full-year 2023 return on average assets was 0.76% and the return on average equity was 9.60%. The company's financial performance was influenced by the Federal Reserve's interest rate hikes and is expected to be positively influenced by an anticipated policy rate cut in 2024. The company's capital position is strong, and it plans to continue its quarterly dividend payments to shareholders in 2024.

Commercial National Financial Corporation (CNAF) has declared a quarterly dividend of $0.26 per share payable on December 8, 2023, to shareholders of record as of December 1. The company's executive officers and directors collectively own 467,957 shares, or 16.36% of outstanding shares. As of September 30, 2023, the company employed 82 people, with 33 employees represented by the United Auto Workers, Local 1799. The labor agreement with the bargaining unit is set to expire in February 2024. The company operates seven community banking facilities and maintains a commercial business development sales force throughout its market area, as well as an asset management and trust division headquartered in Greensburg, Pennsylvania.

Commercial National Financial Corporation (CNAF) reports Q3 2023 earnings of $881,000 compared to $677,000 in Q3 2022. Tier one risk-based, total risk-based, leverage, and common equity tier one capital ratios at September 30, 2023, were 23.98%, 24.46%, 13.49%, and 23.98% respectively. The company's securities portfolio has been adversely impacted by rising interest rates.