COMML NATL FINCL CORP PA - CNAF STOCK NEWS

Commercial National Financial Corporation (CNAF) reported earnings of $842,000 in Q2 2023, compared to $932,000 in Q2 2022. For the six-month period ended June 30, 2023, the company earned $1,687,000, compared to $1,905,000 in the same period last year. Tier one risk-based, total risk-based, leverage, and common equity tier one capital ratios at June 30, 2023, were 23.77%, 24.36%, 13.31%, and 23.77% respectively.

Commercial National Financial Corporation (OTCQX:CNAF) has declared a quarterly dividend of $0.26 per share, payable on March 10, 2023, to shareholders of record as of March 3, 2023. As of December 31, 2022, executive officers and directors owned 489,660 shares, representing 17.12% of the Company. The Company employs 80 individuals, with 32 unionized employees, and has maintained union representation since 1972. Its current labor agreement will expire in February 2024. Commercial National operates seven community banking facilities and offers various financial services, including asset management and trust services.

Commercial National Financial Corporation (OTCQX:CNAF) reported a net income of $1,325,000 for Q4 2022, down from $1,707,000 in Q4 2021. For the full year ended December 31, 2022, earnings dropped to $3,907,000 compared to $4,685,000 in 2021. The company’s tier one capital ratios remain strong at 22.73%, with total risk-based capital at $58,943,000. However, the securities portfolio has been negatively impacted by rising interest rates, contributing to a temporary loss in book capital. The company employs 80 staff members, with 17.12% of shares owned by executive officers and directors.

Commercial National Financial Corporation (OTCQX:CNAF) has announced a quarterly dividend of $0.26 per share, payable on December 2, 2022, to shareholders of record as of November 25. As of September 30, 2022, executive officers and directors hold 489,660 shares, representing 17.12% of outstanding shares. The company operates seven community banking facilities in Pennsylvania and employs 79 people. The existing labor agreement with the United Auto Workers is set to expire in February 2024.

Commercial National Financial Corporation (OTCQX:CNAF) reported Q3 2022 earnings of $677,000 ($0.23 per share), a decline from $909,000 ($0.32 per share) in Q3 2021. For the nine-month period, earnings fell to $2,582,000 ($0.90 per share) from $2,978,000 ($1.04 per share) year-over-year. The company's capital ratios as of September 30, 2022, were robust, with tier one capital at 22.05%. Additionally, a property was disposed of successfully, generating a $70,000 gain. However, rising interest rates negatively impacted the securities portfolio.

Commercial National Financial Corporation (OTCQX:CNAF) has declared a quarterly dividend of $0.26 per share, payable on September 2, 2022, to shareholders on record as of August 26, 2022. As of June 30, 2022, executive officers and directors owned 489,660 shares, representing 17.12% of total shares. The company employs 82 personnel, with 34 represented by the United Auto Workers. The labor agreement with the bargaining unit, effective since February 16, 2019, will expire in February 2024.