Commercial National Reports March 31, 2021 Earnings
ACCESSWIRE
04 May 2021, 01:19 GMT+10
LATROBE, PA / ACCESSWIRE / May 3, 2021 / Commercial National Financial Corporation (OTCQX:CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended March 31, 2021. The Company earned $1,068,000 (or $0.37 per average share outstanding) in the first quarter 2021 compared to $1,816,000 (or $0.63 per average share outstanding) in the first quarter of 2020. Tax free life insurance proceeds of $730,000 favorably influenced first quarter 2020 earnings results.
The Company s strong capital position in conjunction with recent core earnings results currently remain supportive of the regular $0.26 quarterly common stock cash dividend payments to shareholders. Providing an attractive and reliable cash dividend income stream to all our shareholders through the safe and sound operation of the subsidiary bank is a long-standing top priority for the Company.
Commercial National Reports March 31, 2021 Earnings
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Commercial National Reports 21% Full-Year 2020 Earnings Growth
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