Commercial National Reports 28% Second Quarter Earnings Rise
Commercial National Financial Corporation (OTC:CNAF) reported strong Q2 2025 earnings with net income of $451,000 ($0.16 per share), marking a 28% increase from $353,000 ($0.12 per share) in Q2 2024. For the first half of 2025, the company earned $882,000 ($0.31 per share), compared to $880,000 ($0.30 per share) in H1 2024.
Key financial metrics include a 3.65% tax-equivalent net interest margin and robust capital ratios, with tier one risk-based capital at 25.41%. The bank maintains strong asset quality and well-diversified core deposits comprising 87.32% of total deposits. Total assets stood at $367.2 million as of June 30, 2025, with net loans of $176 million and total deposits of $300.4 million.
Commercial National Financial Corporation (OTC:CNAF) ha riportato risultati solidi nel secondo trimestre 2025 con un utile netto di 451.000 dollari (0,16 dollari per azione), segnando un incremento del 28% rispetto ai 353.000 dollari (0,12 dollari per azione) del secondo trimestre 2024. Nel primo semestre del 2025, la societ脿 ha guadagnato 882.000 dollari (0,31 dollari per azione), rispetto agli 880.000 dollari (0,30 dollari per azione) del primo semestre 2024.
I principali indicatori finanziari includono un margine netto sugli interessi equivalente a imposte del 3,65% e solidi rapporti patrimoniali, con il capitale di primo livello basato sul rischio al 25,41%. La banca mantiene un'elevata qualit脿 degli attivi e depositi core ben diversificati che rappresentano il 87,32% del totale dei depositi. Gli attivi totali ammontavano a 367,2 milioni di dollari al 30 giugno 2025, con prestiti netti pari a 176 milioni di dollari e depositi totali di 300,4 milioni di dollari.
Commercial National Financial Corporation (OTC:CNAF) report贸 s贸lidos resultados en el segundo trimestre de 2025 con un ingreso neto de 451,000 d贸lares (0,16 d贸lares por acci贸n), lo que representa un aumento del 28% respecto a los 353,000 d贸lares (0,12 d贸lares por acci贸n) del segundo trimestre de 2024. En la primera mitad de 2025, la compa帽铆a obtuvo 882,000 d贸lares (0,31 d贸lares por acci贸n), en comparaci贸n con 880,000 d贸lares (0,30 d贸lares por acci贸n) en el primer semestre de 2024.
Las m茅tricas financieras clave incluyen un margen neto de inter茅s equivalente a impuestos del 3,65% y s贸lidos 铆ndices de capital, con capital b谩sico basado en riesgo en 25,41%. El banco mantiene una alta calidad de activos y dep贸sitos principales bien diversificados que constituyen el 87,32% del total de dep贸sitos. Los activos totales alcanzaron 367,2 millones de d贸lares al 30 de junio de 2025, con pr茅stamos netos de 176 millones de d贸lares y dep贸sitos totales de 300,4 millones de d贸lares.
Commercial National Financial Corporation (OTC:CNAF)電� 2025雲� 2攵勱赴鞐� 靾滌澊鞚� 451,000雼煬(欤茧嫻 0.16雼煬)毳� 旮半頃橂┌ 鞝勲厔 霃欔赴 353,000雼煬(欤茧嫻 0.12雼煬) 雽�牍� 28% 歃濌皜頃� 臧曤牓頃� 鞁れ爜鞚� 氚滍憸頄堨姷雼堧嫟. 2025雲� 靸侂皹旮办棎電� 882,000雼煬(欤茧嫻 0.31雼煬)鞚� 靾橃澋鞚� 鞓牑 2024雲� 靸侂皹旮� 880,000雼煬(欤茧嫻 0.30雼煬)鞕� 牍勳姺頃� 靾橃鞚� 鞙犾頄堨姷雼堧嫟.
欤检殧 鞛 歆�響滊電� 靹戈笀 頇橃偘 靾滌澊鞛愲歆� 3.65%鞕� 瓴碃頃� 鞛愲掣 牍勳湪鞚� 鞛堨溂氅�, 1霌标笁 鞙勴棙旮办鞛愲掣 牍勳湪鞚� 25.41%鞛呺媹雼�. 鞚�頄夓潃 雴掛潃 鞛愳偘 頀堨鞚� 鞙犾頃橂┌, 鞝勳泊 鞓堦笀鞚� 87.32%毳� 彀頃橂姅 雼れ枒頃橁矊 攵勳偘霅� 頃奠嫭 鞓堦笀鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 2025雲� 6鞗� 30鞚� 旮办 齑濎瀽靷办潃 3鞏� 6,720毵� 雼煬鞚措┌, 靾滊寑於滉笀鞚� 1鞏� 7,600毵� 雼煬, 齑濎槇旮堨潃 3鞏� 40毵� 雼煬鞛呺媹雼�.
Commercial National Financial Corporation (OTC:CNAF) a annonc茅 de solides r茅sultats pour le deuxi猫me trimestre 2025 avec un b茅n茅fice net de 451 000 dollars (0,16 dollar par action), soit une augmentation de 28% par rapport 脿 353 000 dollars (0,12 dollar par action) au deuxi猫me trimestre 2024. Pour le premier semestre 2025, la soci茅t茅 a r茅alis茅 un b茅n茅fice de 882 000 dollars (0,31 dollar par action), contre 880 000 dollars (0,30 dollar par action) au premier semestre 2024.
Les principaux indicateurs financiers comprennent une marge d'int茅r锚t nette 茅quivalente apr猫s imp么ts de 3,65% et des ratios de capital solides, avec un capital de niveau un bas茅 sur le risque 脿 25,41%. La banque maintient une qualit茅 d'actifs 茅lev茅e et des d茅p么ts de base bien diversifi茅s repr茅sentant 87,32% du total des d茅p么ts. Les actifs totaux s'茅levaient 脿 367,2 millions de dollars au 30 juin 2025, avec des pr锚ts nets de 176 millions de dollars et des d茅p么ts totaux de 300,4 millions de dollars.
Commercial National Financial Corporation (OTC:CNAF) meldete starke Ergebnisse f眉r das zweite Quartal 2025 mit einem Nettogewinn von 451.000 US-Dollar (0,16 US-Dollar je Aktie), was eine 28% Steigerung gegen眉ber 353.000 US-Dollar (0,12 US-Dollar je Aktie) im zweiten Quartal 2024 darstellt. F眉r das erste Halbjahr 2025 erzielte das Unternehmen 882.000 US-Dollar (0,31 US-Dollar je Aktie) im Vergleich zu 880.000 US-Dollar (0,30 US-Dollar je Aktie) im ersten Halbjahr 2024.
Wesentliche Finanzkennzahlen umfassen eine steuer盲quivalente Nettozinsmarge von 3,65% sowie robuste Kapitalquoten, wobei das Kernkapital auf risikobasierter Basis bei 25,41% liegt. Die Bank h盲lt eine starke Verm枚gensqualit盲t und gut diversifizierte Kerneinlagen, die 87,32% der Gesamteinlagen ausmachen. Die Gesamtaktiva beliefen sich zum 30. Juni 2025 auf 367,2 Millionen US-Dollar, mit Nettokrediten von 176 Millionen US-Dollar und Gesamteinlagen von 300,4 Millionen US-Dollar.
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LATROBE, PA / / July 15, 2025 / Commercial National Financial Corporation (OTC Markets:CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended June 30, 2025. The Company earned
The Company's second quarter-end 2025 tax equivalent net interest margin was
Direct and beneficial ownership by executive officers and directors of the Company's outstanding shares totaled 463,757 shares, or
As disclosed each year in the Annual Report to Shareholders, on June 30, 2025, the Company employed 77 people in full-time and part-time positions. Thirty-three (33) employees are represented by the United Auto Workers, Local 1799. Of that bargaining unit total, thirty (30) employees are full-time and there are three (3) part-time employees. The Company has had unionized employees since 1972. In November 2023, the agreement between the Company and the bargaining unit was negotiated and subsequently ratified by the bargaining unit with an effective date of February 15, 2024. The labor agreement will expire in February 2029. The Commonwealth of Pennsylvania and the National Labor Relations Board both afford protection to the organized status of pre-existing collective bargaining units. The Company has been advised that bargaining unit status limits the Company's strategic options relative to those of non-unionized insured depository institutions. The Company continues to consider this as a factor in its strategic and capital management decisions.
The Company operates seven community banking facilities in Hempfield Township, Latrobe, Ligonier, Unity Township and West Newton, Pennsylvania and also maintains a commercial business development sales force throughout its entire market area. The Company operates an asset management and trust division of Commercial Bank & Trust of PA headquartered in Greensburg, Pennsylvania. Commercial Bank & Trust of PA also serves its customer base from an Internet banking site () and an automated TouchTone Teller banking system.
Safe Harbor Statement
Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "to," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. These statements are based on information currently available to the Company, and the Company assumes no obligation to update these statements as circumstances change. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including changes in general economic and financial market conditions, unforeseen credit problems, and the Company's ability to execute its business plans. The actual results of future events could differ materially from those stated in any forward-looking statements herein.
COMMERCIAL NATIONAL FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(Unaudited)
(Dollars in thousands, except per share data)
June 30, | December 31, | June 30, | ||||||||||
2025 | 2024 | 2024 | ||||||||||
ASSETS | ||||||||||||
Cash and due from banks on demand | $ | 6,719 | $ | 3,743 | $ | 4,578 | ||||||
Interest bearing deposits with banks | 855 | 1,322 | 804 | |||||||||
Total cash and cash equivalents | 7,574 | 5,065 | 5,382 | |||||||||
Securities available for sale | 150,018 | 156,076 | 157,869 | |||||||||
Restricted investments in bank stock | 1,489 | 1,671 | 1,889 | |||||||||
Loans | 176,902 | 181,452 | 190,046 | |||||||||
Allowance for credit losses | (865 | ) | (865 | ) | (1,120 | ) | ||||||
Net loans | 176,037 | 180,587 | 188,926 | |||||||||
Premises and equipment | 2,854 | 2,790 | 2,896 | |||||||||
Accrued interest receivable | 2,236 | 2,202 | 2,230 | |||||||||
Investment in Life Insurance | 19,348 | 19,083 | 18,809 | |||||||||
Other assets | 7,625 | 7,381 | 7,321 | |||||||||
Total assets | $ | 367,181 | $ | 374,855 | $ | 385,322 | ||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||
Liabilities: | ||||||||||||
Deposits: | ||||||||||||
Non-interest bearing | $ | 152,786 | 145,735 | $ | 152,876 | |||||||
Interest bearing | 147,657 | 155,826 | 156,297 | |||||||||
Total deposits | 300,443 | 301,561 | 309,173 | |||||||||
Short-term borrowings | 32,885 | 38,665 | 40,254 | |||||||||
Other liabilities | 1,715 | 1,854 | 1,748 | |||||||||
Total liabilities | 335,043 | 342,080 | 351,175 | |||||||||
Shareholders' equity: | ||||||||||||
Common stock, par value | 7,200 | 7,200 | 7,200 | |||||||||
Retained earnings | 62,692 | 62,440 | 62,537 | |||||||||
Accumulated other comprehensive (loss) income | (25,210 | ) | (24,321 | ) | (23,046 | ) | ||||||
Less treasury stock, at cost, 739,047 shares in 2025 and 2024 | (12,544 | ) | (12,544 | ) | (12,544 | ) | ||||||
Total shareholders' equity | 32,138 | 32,775 | 34,147 | |||||||||
Total liabilities and shareholders' equity | $ | 367,181 | $ | 374,855 | $ | 385,322 | ||||||
COMMERCIAL NATIONAL FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
Three Months | Six Months | |||||||||||||||
Ended June 30 | Ended June 30 | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||
INTEREST INCOME: | ||||||||||||||||
Interest and fees on loans | $ | 2,039 | $ | 2,055 | $ | 4,066 | $ | 4,113 | ||||||||
Interest and dividends on securities: | ||||||||||||||||
Taxable | 1,039 | 1,074 | 2,125 | 2,211 | ||||||||||||
Exempt from federal income taxes | 458 | 475 | 900 | 892 | ||||||||||||
Other | 48 | 58 | 101 | 100 | ||||||||||||
Total Interest income | 3,584 | 3,662 | 7,192 | 7,316 | ||||||||||||
INTEREST EXPENSE: | ||||||||||||||||
Interest on deposits | 41 | 54 | 90 | 114 | ||||||||||||
Interest on short-term borrowings | 344 | 461 | 752 | 830 | ||||||||||||
Total Interest expense | 385 | 515 | 842 | 944 | ||||||||||||
NET INTEREST INCOME | 3,199 | 3,147 | 6,350 | 6,372 | ||||||||||||
CREDIT FOR CREDIT LOSSES | - | - | - | (39 | ) | |||||||||||
NET INTEREST INCOME AFTER | ||||||||||||||||
CREDIT FOR CREDIT LOSSES | 3,199 | 3,147 | 6,350 | 6,411 | ||||||||||||
OTHER OPERATING INCOME: | ||||||||||||||||
Asset management and trust income | 382 | 362 | 761 | 714 | ||||||||||||
Service charges on deposit accounts | 159 | 160 | 306 | 312 | ||||||||||||
Net Security Gains | - | - | (14 | ) | 3 | |||||||||||
Income from investment in life insurance | 133 | 129 | 266 | 259 | ||||||||||||
Other income | 20 | 18 | 63 | 72 | ||||||||||||
Total other operating income | 694 | 669 | 1,382 | 1,360 | ||||||||||||
OTHER OPERATING EXPENSES: | ||||||||||||||||
Salaries and employee benefits | 1,987 | 2,068 | 3,940 | 4,059 | ||||||||||||
Net occupancy expense | 201 | 194 | 435 | 425 | ||||||||||||
Furniture and equipment | 174 | 137 | 308 | 278 | ||||||||||||
Pennsylvania shares tax | 72 | 83 | 152 | 160 | ||||||||||||
Legal and professional | 166 | 153 | 299 | 284 | ||||||||||||
FDIC insurance | 44 | 46 | 88 | 92 | ||||||||||||
Other expenses | 815 | 822 | 1,665 | 1,631 | ||||||||||||
Total other operating expenses | 3,459 | 3,503 | 6,887 | 6,929 | ||||||||||||
INCOME BEFORE INCOME TAXES | 434 | 313 | 845 | 842 | ||||||||||||
Income tax expense | (17 | ) | (40 | ) | (37 | ) | (38 | ) | ||||||||
Net income | $ | 451 | $ | 353 | $ | 882 | $ | 880 | ||||||||
Average Shares Outstanding | 2,860,953 | 2,860,953 | 2,860,953 | 2,860,953 | ||||||||||||
Earnings Per Share | $ | 0.16 | $ | 0.12 | $ | 0.31 | $ | 0.30 | ||||||||
CONTACT:
Wendy Piper
[email protected]
SOURCE: Commercial National Financial Corp. (Pennsylvania)
View the original on ACCESS Newswire
