Commercial National Financial Corp (CNAF) 20.8900 $CNAF
Commercial National Financial Corporation Reports 2nd Quarter 2016 Earnings
GlobeNewswire - Wed Jul 27, 7:40AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2016 second quarter net income of $689,000, or $.21 per share compared to 2015 second quarter net income of $687,000, or $.21 per share. Excluding merger-related expenses of the previously announced merger with Capital Directions, Inc., the holding company for Mason State Bank, second quarter 2016 net income was $750,000, or $.23 per share.
Commercial National Financial Corporation and Capital Directions, Inc. Announce Signing of Merger Agreement
GlobeNewswire - Thu Jun 16, 7:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC), the parent company of Commercial Bank, and Capital Directions, Inc., (Pink Sheets:CTDN), the parent company of Mason State Bank, announced that they have entered into a definitive merger agreement. Under the terms of the definitive merger agreement, CEFC will acquire all of the outstanding shares of CTDN's common stock for cash and CEFC common stock in a transaction valued at approximately $14.03 million, or $36.07 per share, based on a CEFC stock price of $9.75 per share. CTDN shareholders will have the option of electing consideration in cash or CEFC common stock, subject to 50% of the CTDN common shares being exchanged for cash. Following completion of the transaction, Mason State Bank will be merged into Commercial Bank. Timothy Gaylord, President, CEO and director of CTDN and Mason State Bank, will join the CEFC and Commercial Bank boards upon completion of the transaction.
Commercial National Financial Corporation Announces Quarterly Dividend
GlobeNewswire - Thu May 19, 5:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced that the Board of Directors declared a regular quarterly cash dividend of 13 cents per share payable July 1, 2016 to shareholders of record on June 17, 2016. Based on a recent closing price of $9.80 per share, the annualized dividend yield is 5.31%.
Commercial National Declares $.26 Per Share Second Quarter Dividend
PR Newswire - Tue May 17, 3:42PM CDT
Commercial National Financial Corporation (OTCQX: CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share payable June 3 to shareholders of record as of May 27.
Commercial National Financial Corporation Reports 1st Quarter 2016 Earnings
GlobeNewswire - Wed Apr 27, 5:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2016 first quarter net income of $635,688, or $.20 per share compared to 2015 first quarter net income of $636,264, or $.20 per share.
Commercial National Reports December 31, 2015 Earnings
PR Newswire - Fri Jan 29, 11:41AM CST
Commercial National Financial Corporation (OTC Markets: CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended December 31, 2015. The Company earned $1,073,000 (or $0.38 per average share outstanding) in the fourth quarter 2015 compared to $1,410,000 (or $0.49 per average share outstanding) in the fourth quarter 2014. The Company earned $5,688,000 (or $1.99 per average share outstanding) for the twelve-month period ended December 31, 2015 and $6,210,000 (or $2.17 per average share outstanding) for the twelve-month period ended December 31, 2014. The Company's annualized return on average assets and average equity were 1.09% and 7.70%, respectively, for the quarter ended December 31, 2015 compared to 1.45% and 9.81%, respectively, for the quarter ended December 31, 2014. The Company's annualized return on average assets and average equity for the twelve-month period ended December 31, 2015 were 1.48% and 10.23%, respectively, compared to 1.58% and 11.61%, respectively, for the twelve-month period ended December 31, 2014. Tier one risk-based, total risk-based, leverage and common equity tier one capital ratios for December 31, 2015 were 21.96%, 22.63%, 13.42% and 21.96%, respectively.
Commercial National Financial Corporation Reports 4th Quarter 2015 Earnings
GlobeNewswire - Wed Jan 27, 5:00AM CST
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2015 fourth quarter net income of $599,000, or $.18 per share compared to 2014 fourth quarter net income of $577,000, or $.18 per share. For the year ended December 31, 2015, net income was $2,685,234, or $.83 per share compared to $2,428,009, or $.75 per share for the year ended December 31, 2014.
Commercial National Reports September 30, 2015 Earnings
PR Newswire - Wed Nov 04, 10:26AM CST
Commercial National Financial Corporation (OTC Markets:CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended September 30, 2015. The Company earned $628,000 (or $0.22 per average share outstanding) in the third quarter 2015 compared to $1,534,000 (or $0.54 per average share outstanding) in the third quarter 2014. The Company earned $4,615,000 (or $1.61 per average share outstanding) for the nine-month period ended September 30, 2015 and $4,802,000 (or $1.68 per average share outstanding) for the nine-month period ended September 30, 2014. The Company's annualized return on average assets and average equity were 0.65% and 4.71%, respectively, for the quarter ended September 30, 2015 compared to 1.54% and 11.63%, respectively, for the quarter ended September 30, 2014. The Company's annualized return on average assets and average equity for the nine month period ended September 30, 2015 were 1.61% and 10.94%, respectively, compared to 1.62% and 12.27%, respectively, for the nine month period ended September 30, 2014. Third quarter book earnings reflect a non-cash $368,000 income tax valuation adjustment which was accompanied by a $341,000 income tax cash refund resulting from the carry-back of a 2014 book tax position asset against the 2012 fiscal year filed tax return. Tier one risk-based, total risk-based, leverage and common equity tier one capital ratios for September 30, 2015 were 21.78%, 22.45%, 13.53% and 21.78%, respectively.
Commercial National Financial Corporation Reports 3rd Quarter 2015 Earnings
GlobeNewswire - Tue Oct 27, 8:30AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2015 third quarter net income of $762,000, or $0.23 per share compared to 2014 third quarter net income of $697,000, or $0.21 per share.
Commercial National announces Q3 dividend of USD0.26 per share
M2 - Wed Aug 19, 3:16AM CDT
Commercial National Financial Corporation (OTCQX:CNAF) announced on Tuesday that it will pay a dividend of USD0.26 per share for the third quarter of 2015.
Commercial National Declares $.26 Per Share Third Quarter Dividend
PR Newswire - Tue Aug 18, 3:37PM CDT
Commercial National Financial Corporation (OTCQX: CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share payable September 4 to shareholders of record as of August 28.
Commercial National Reports June 30, 2015 Earnings
PR Newswire - Tue Jul 28, 3:04PM CDT
Commercial National Financial Corporation (OTC Markets:CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported results for June 30, 2015. The Company earned $2,390,000(or $0.83 per average share outstanding) in the second quarter 2015 compared to $1,655,000 (or $0.58 per average share outstanding) in the second quarter 2014. The Company earned $3,987,000 (or $1.39 per average share outstanding) for the six-month period ended June 30, 2015 and $3,268,000 (or $1.14 per average share outstanding) for the six-month period ended June 30, 2014.
Commercial National Financial Corporation Hits the Top 200 List Again
GlobeNewswire - Thu Jun 25, 8:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) which operates through a single subsidiary bank, Commercial Bank, was recognized in the May 2015 issue of American Banker Magazine as one of the nation's Top 200 Publicly Traded Community Banks in the country with a second place ranking in Michigan.
Commercial National announces special dividend of USD1.00 per share
M2 - Wed Apr 22, 3:38AM CDT
The parent company of Commercial Bank & Trust of PA, Commercial National Financial Corporation (OTCQX:CNAF) revealed on Tuesday a special dividend of USD1.00 per share.
Commercial National Financial Corporation Reports 2nd Quarter 2016 Earnings
GlobeNewswire - Wed Jul 27, 7:40AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2016 second quarter net income of $689,000, or $.21 per share compared to 2015 second quarter net income of $687,000, or $.21 per share. Excluding merger-related expenses of the previously announced merger with Capital Directions, Inc., the holding company for Mason State Bank, second quarter 2016 net income was $750,000, or $.23 per share.
Commercial National Financial Corporation and Capital Directions, Inc. Announce Signing of Merger Agreement
GlobeNewswire - Thu Jun 16, 7:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC), the parent company of Commercial Bank, and Capital Directions, Inc., (Pink Sheets:CTDN), the parent company of Mason State Bank, announced that they have entered into a definitive merger agreement. Under the terms of the definitive merger agreement, CEFC will acquire all of the outstanding shares of CTDN's common stock for cash and CEFC common stock in a transaction valued at approximately $14.03 million, or $36.07 per share, based on a CEFC stock price of $9.75 per share. CTDN shareholders will have the option of electing consideration in cash or CEFC common stock, subject to 50% of the CTDN common shares being exchanged for cash. Following completion of the transaction, Mason State Bank will be merged into Commercial Bank. Timothy Gaylord, President, CEO and director of CTDN and Mason State Bank, will join the CEFC and Commercial Bank boards upon completion of the transaction.
Commercial National Financial Corporation Announces Quarterly Dividend
GlobeNewswire - Thu May 19, 5:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced that the Board of Directors declared a regular quarterly cash dividend of 13 cents per share payable July 1, 2016 to shareholders of record on June 17, 2016. Based on a recent closing price of $9.80 per share, the annualized dividend yield is 5.31%.
Commercial National Declares $.26 Per Share Second Quarter Dividend
PR Newswire - Tue May 17, 3:42PM CDT
Commercial National Financial Corporation (OTCQX: CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share payable June 3 to shareholders of record as of May 27.
Commercial National Financial Corporation Reports 1st Quarter 2016 Earnings
GlobeNewswire - Wed Apr 27, 5:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2016 first quarter net income of $635,688, or $.20 per share compared to 2015 first quarter net income of $636,264, or $.20 per share.
Commercial National Reports December 31, 2015 Earnings
PR Newswire - Fri Jan 29, 11:41AM CST
Commercial National Financial Corporation (OTC Markets: CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended December 31, 2015. The Company earned $1,073,000 (or $0.38 per average share outstanding) in the fourth quarter 2015 compared to $1,410,000 (or $0.49 per average share outstanding) in the fourth quarter 2014. The Company earned $5,688,000 (or $1.99 per average share outstanding) for the twelve-month period ended December 31, 2015 and $6,210,000 (or $2.17 per average share outstanding) for the twelve-month period ended December 31, 2014. The Company's annualized return on average assets and average equity were 1.09% and 7.70%, respectively, for the quarter ended December 31, 2015 compared to 1.45% and 9.81%, respectively, for the quarter ended December 31, 2014. The Company's annualized return on average assets and average equity for the twelve-month period ended December 31, 2015 were 1.48% and 10.23%, respectively, compared to 1.58% and 11.61%, respectively, for the twelve-month period ended December 31, 2014. Tier one risk-based, total risk-based, leverage and common equity tier one capital ratios for December 31, 2015 were 21.96%, 22.63%, 13.42% and 21.96%, respectively.
Commercial National Financial Corporation Reports 4th Quarter 2015 Earnings
GlobeNewswire - Wed Jan 27, 5:00AM CST
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2015 fourth quarter net income of $599,000, or $.18 per share compared to 2014 fourth quarter net income of $577,000, or $.18 per share. For the year ended December 31, 2015, net income was $2,685,234, or $.83 per share compared to $2,428,009, or $.75 per share for the year ended December 31, 2014.
Commercial National Reports September 30, 2015 Earnings
PR Newswire - Wed Nov 04, 10:26AM CST
Commercial National Financial Corporation (OTC Markets:CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended September 30, 2015. The Company earned $628,000 (or $0.22 per average share outstanding) in the third quarter 2015 compared to $1,534,000 (or $0.54 per average share outstanding) in the third quarter 2014. The Company earned $4,615,000 (or $1.61 per average share outstanding) for the nine-month period ended September 30, 2015 and $4,802,000 (or $1.68 per average share outstanding) for the nine-month period ended September 30, 2014. The Company's annualized return on average assets and average equity were 0.65% and 4.71%, respectively, for the quarter ended September 30, 2015 compared to 1.54% and 11.63%, respectively, for the quarter ended September 30, 2014. The Company's annualized return on average assets and average equity for the nine month period ended September 30, 2015 were 1.61% and 10.94%, respectively, compared to 1.62% and 12.27%, respectively, for the nine month period ended September 30, 2014. Third quarter book earnings reflect a non-cash $368,000 income tax valuation adjustment which was accompanied by a $341,000 income tax cash refund resulting from the carry-back of a 2014 book tax position asset against the 2012 fiscal year filed tax return. Tier one risk-based, total risk-based, leverage and common equity tier one capital ratios for September 30, 2015 were 21.78%, 22.45%, 13.53% and 21.78%, respectively.
Commercial National Financial Corporation Reports 3rd Quarter 2015 Earnings
GlobeNewswire - Tue Oct 27, 8:30AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) today announced 2015 third quarter net income of $762,000, or $0.23 per share compared to 2014 third quarter net income of $697,000, or $0.21 per share.
Commercial National announces Q3 dividend of USD0.26 per share
M2 - Wed Aug 19, 3:16AM CDT
Commercial National Financial Corporation (OTCQX:CNAF) announced on Tuesday that it will pay a dividend of USD0.26 per share for the third quarter of 2015.
Commercial National Declares $.26 Per Share Third Quarter Dividend
PR Newswire - Tue Aug 18, 3:37PM CDT
Commercial National Financial Corporation (OTCQX: CNAF), parent company of Commercial Bank & Trust of PA, has declared a quarterly dividend of $0.26 per share payable September 4 to shareholders of record as of August 28.
Commercial National Reports June 30, 2015 Earnings
PR Newswire - Tue Jul 28, 3:04PM CDT
Commercial National Financial Corporation (OTC Markets:CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported results for June 30, 2015. The Company earned $2,390,000(or $0.83 per average share outstanding) in the second quarter 2015 compared to $1,655,000 (or $0.58 per average share outstanding) in the second quarter 2014. The Company earned $3,987,000 (or $1.39 per average share outstanding) for the six-month period ended June 30, 2015 and $3,268,000 (or $1.14 per average share outstanding) for the six-month period ended June 30, 2014.
Commercial National Financial Corporation Hits the Top 200 List Again
GlobeNewswire - Thu Jun 25, 8:00AM CDT
Commercial National Financial Corporation (Pink Sheets:CEFC) which operates through a single subsidiary bank, Commercial Bank, was recognized in the May 2015 issue of American Banker Magazine as one of the nation's Top 200 Publicly Traded Community Banks in the country with a second place ranking in Michigan.
Commercial National announces special dividend of USD1.00 per share
M2 - Wed Apr 22, 3:38AM CDT
The parent company of Commercial Bank & Trust of PA, Commercial National Financial Corporation (OTCQX:CNAF) revealed on Tuesday a special dividend of USD1.00 per share.
