Commercial National Financial Corporation Reports 2nd Quarter 2025 Results
Commercial National Financial Corporation (OTCID: CEFC) reported strong Q2 2025 financial results, with net income reaching $1.61 million ($0.41 per share), up from $1.41 million ($0.36 per share) in Q2 2024. The company achieved a Return on Equity of 12.36%, improving from 11.96% year-over-year.
Key highlights include an 8.7% increase in net interest income, strong loan quality with a non-performing assets ratio of 0.27%, and maintained "well capitalized" status for its Commercial Bank subsidiary. Total assets were $552 million, down from $573 million in 2024. The company also announced an ongoing share repurchase program initiated in May 2025.
Commercial National Financial Corporation (OTCID: CEFC) ha riportato solidi risultati finanziari nel secondo trimestre del 2025, con un utile netto di 1,61 milioni di dollari (0,41 dollari per azione), in aumento rispetto a 1,41 milioni di dollari (0,36 dollari per azione) nel secondo trimestre del 2024. La societ脿 ha registrato un Rendimento del Capitale Proprio del 12,36%, migliorando rispetto all'11,96% dell'anno precedente.
I punti salienti includono un aumento dell'8,7% del reddito netto da interessi, un'elevata qualit脿 dei prestiti con un rapporto di attivit脿 non performanti dello 0,27% e il mantenimento dello status di "ben capitalizzata" per la sua controllata Commercial Bank. Gli attivi totali ammontavano a 552 milioni di dollari, in calo rispetto ai 573 milioni del 2024. La societ脿 ha inoltre annunciato un programma continuo di riacquisto azionario avviato a maggio 2025.
Commercial National Financial Corporation (OTCID: CEFC) report贸 s贸lidos resultados financieros en el segundo trimestre de 2025, con un ingreso neto de 1.61 millones de d贸lares (0.41 d贸lares por acci贸n), superior a los 1.41 millones de d贸lares (0.36 d贸lares por acci贸n) del segundo trimestre de 2024. La compa帽铆a logr贸 un Retorno sobre el Patrimonio del 12.36%, mejorando desde el 11.96% interanual.
Los aspectos destacados incluyen un aumento del 8.7% en los ingresos netos por intereses, una s贸lida calidad crediticia con una tasa de activos improductivos del 0.27% y el mantenimiento del estatus de "bien capitalizada" para su subsidiaria Commercial Bank. Los activos totales fueron de 552 millones de d贸lares, por debajo de los 573 millones en 2024. La empresa tambi茅n anunci贸 un programa continuo de recompra de acciones iniciado en mayo de 2025.
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欤检殧 雮挫毄鞙茧電� 靾滌澊鞛愳垬鞚� 8.7% 歃濌皜, 攵�鞁れ瀽靷� 牍勳湪 0.27%搿� 鞖办垬頃� 雽�於� 頀堨 鞙犾, 攴鸽Μ瓿� 鞛愴殞靷澑 Commercial Bank鞚� "鞖半焿 鞛愲掣 靸來儨" 鞙犾臧� 韽暔霅╇媹雼�. 齑濎瀽靷办潃 5鞏� 5,200毵� 雼煬搿� 2024雲勳潣 5鞏� 7,300毵� 雼煬鞐愳劀 臧愳唽頄堨姷雼堧嫟. 霕愴暅 須岇偓電� 2025雲� 5鞗旍棎 鞁滌瀾霅� 歆�靻嶌爜鞚� 鞛愳偓欤� 毵れ瀰 頂勲攴鸽灗鞚� 氚滍憸頄堨姷雼堧嫟.
Commercial National Financial Corporation (OTCID : CEFC) a publi茅 de solides r茅sultats financiers pour le deuxi猫me trimestre 2025, avec un b茅n茅fice net de 1,61 million de dollars (0,41 dollar par action), en hausse par rapport 脿 1,41 million de dollars (0,36 dollar par action) au deuxi猫me trimestre 2024. La soci茅t茅 a atteint un rendement des capitaux propres de 12,36 %, en am茅lioration par rapport 脿 11,96 % d'une ann茅e sur l'autre.
Les points cl茅s incluent une augmentation de 8,7 % du revenu net d'int茅r锚ts, une bonne qualit茅 des pr锚ts avec un ratio d'actifs non performants de 0,27 %, et le maintien du statut "bien capitalis茅e" pour sa filiale Commercial Bank. L'actif total s'茅levait 脿 552 millions de dollars, en baisse par rapport 脿 573 millions en 2024. La soci茅t茅 a 茅galement annonc茅 un programme continu de rachat d'actions lanc茅 en mai 2025.
Commercial National Financial Corporation (OTCID: CEFC) meldete starke Finanzergebnisse f眉r das zweite Quartal 2025, mit einem Nettogewinn von 1,61 Millionen US-Dollar (0,41 US-Dollar pro Aktie), gegen眉ber 1,41 Millionen US-Dollar (0,36 US-Dollar pro Aktie) im zweiten Quartal 2024. Das Unternehmen erzielte eine Eigenkapitalrendite von 12,36%, eine Verbesserung gegen眉ber 11,96% im Vorjahresvergleich.
Wesentliche Highlights sind ein 8,7% Anstieg der Nettozinsertr盲ge, eine starke Kreditqualit盲t mit einer Quote notleidender Verm枚genswerte von 0,27% und der Erhalt des Status "gut kapitalisiert" f眉r die Tochtergesellschaft Commercial Bank. Die Gesamtaktiva beliefen sich auf 552 Millionen US-Dollar, ein R眉ckgang gegen眉ber 573 Millionen US-Dollar im Jahr 2024. Das Unternehmen k眉ndigte au脽erdem ein laufendes Aktienr眉ckkaufprogramm an, das im Mai 2025 gestartet wurde.
- Net income increased to $1.61M (up 13.8% YoY)
- Net interest income grew by 8.7% compared to Q2 2024
- Return on Equity improved to 12.36% from 11.96%
- Strong loan quality with low non-performing assets ratio of 0.27%
- Book value per share increased to $13.21 from $12.16 YoY
- Interest expense decreased by $568,000 due to reduced deposit rates
- Total assets decreased by $21M year-over-year
- Total loans decreased by $28M (6.9%) due to high-interest rate environment
- Non-interest income decreased by 11.6%
- Operating expenses increased by 1.1%
ITHACA, Mich., July 28, 2025 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (OTCID: CEFC) reported net income for the second quarter of 2025 of
Net interest income for the second quarter of 2025 increased by
Total assets were
CEFC announced a share repurchase program in May of 2025, which remains in effect indefinitely. CEFC may repurchase shares under the program at its discretion, taking into account factors such as the share price, market conditions, share availability, and other relevant considerations. There is no guarantee that any specific number of shares will be repurchased, and CEFC may modify, renew, suspend, or terminate the program at any time without prior notice. For further information about the stock repurchase program, please contact our primary market maker, Nick Bicking at D.A. Davidson & Co., at 614-710-7060.
Visit to view the latest news releases and other information about CEFC and Commercial Bank.
| Selected Financial Data (unaudited): | 听 | 听 | 听 | 听 | 听 | 听 | |||||||||
| 听 | Quarter Ended | 听 | Year to Date | ||||||||||||
| 听 | Jun 30, 2025 | 听 | Jun 30, 2024 | 听 | Jun 30, 2025 | 听 | Jun 30, 2024 | ||||||||
| Return on Equity | 听 | 12.36 | % | 听 | 听 | 11.96 | % | 听 | 听 | 11.84 | % | 听 | 听 | 10.96 | % |
| Return on Assets | 听 | 1.16 | % | 听 | 听 | 0.98 | % | 听 | 听 | 1.09 | % | 听 | 听 | 0.89 | % |
| Net Interest Margin | 听 | 3.80 | % | 听 | 听 | 3.38 | % | 听 | 听 | 3.74 | % | 听 | 听 | 3.31 | % |
| 听 | 听 | 听 | 听 | 听 | 听 | ||||||||||
| 听 | Jun 30, 2025 | 听 | Jun 30, 2024 | 听 | 听 | 听 | 听 | ||||||||
| Non-Performing Assets Ratio | 听 | 0.27 | % | 听 | 听 | 0.22 | % | 听 | 听 | 听 | 听 | ||||
| Tier 1 Leverage Capital Ratio(1) | 听 | 10.63 | % | 听 | 听 | 9.98 | % | 听 | 听 | 听 | 听 | ||||
| Total Risk-Based Capital Ratio(1) | 听 | 17.46 | % | 听 | 听 | 16.00 | % | 听 | 听 | 听 | 听 | ||||
| Book Value Per Share | $ | 13.21 | 听 | 听 | $ | 12.16 | 听 | 听 | 听 | 听 | 听 | ||||
| Market Value Per Share | $ | 10.50 | 听 | 听 | $ | 8.90 | 听 | 听 | 听 | 听 | 听 | ||||
| (1) Ratios are for Commercial Bank | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Consolidated Statements of Income (unaudited): | 听 | 听 | 听 | 听 | |||||||||||
| 听 | Quarter Ended | 听 | Year to Date | ||||||||||||
| 听 | Jun 30, 2025 | 听 | Jun 30, 2024 | 听 | Jun 30, 2025 | 听 | Jun 30, 2024 | ||||||||
| Interest Income | $ | 6,541,806 | 听 | 听 | $ | 6,709,614 | 听 | 听 | $ | 13,017,099 | 听 | 听 | $ | 13,325,088 | 听 |
| Interest Expense | 听 | 1,564,206 | 听 | 听 | 听 | 2,131,773 | 听 | 听 | 听 | 3,199,436 | 听 | 听 | 听 | 4,255,200 | 听 |
| Net Interest Income | 听 | 4,977,600 | 听 | 听 | 听 | 4,577,841 | 听 | 听 | 听 | 9,817,663 | 听 | 听 | 听 | 9,069,888 | 听 |
| Provision for credit losses | 听 | (34,213 | ) | 听 | 听 | (79,201 | ) | 听 | 听 | (34,213 | ) | 听 | 听 | (39,201 | ) |
| Non-interest income | 听 | 542,666 | 听 | 听 | 听 | 613,892 | 听 | 听 | 听 | 1,012,612 | 听 | 听 | 听 | 1,150,984 | 听 |
| Operating Expenses | 听 | 3,595,928 | 听 | 听 | 听 | 3,555,700 | 听 | 听 | 听 | 7,172,181 | 听 | 听 | 听 | 7,150,718 | 听 |
| Income before taxes | 听 | 1,958,551 | 听 | 听 | 听 | 1,715,234 | 听 | 听 | 听 | 3,692,307 | 听 | 听 | 听 | 3,109,355 | 听 |
| Income tax expense | 听 | 351,475 | 听 | 听 | 听 | 303,070 | 听 | 听 | 听 | 655,950 | 听 | 听 | 听 | 536,060 | 听 |
| Net Income | $ | 1,607,076 | 听 | 听 | $ | 1,412,164 | 听 | 听 | $ | 3,036,357 | 听 | 听 | $ | 2,573,295 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Net Income per share听- diluted | $ | 0.41 | 听 | 听 | $ | 0.36 | 听 | 听 | $ | 0.77 | 听 | 听 | $ | 0.65 | 听 |
| Dividends declared | $ | 0.14 | 听 | 听 | $ | 0.14 | 听 | 听 | $ | 0.28 | 听 | 听 | $ | 0.28 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Consolidated Balance Sheets (unaudited): | 听 | 听 | |||||
| 听 | 听 | ||||||
| 听 | Jun 30, 2025 | 听 | Jun 30, 2024 | ||||
| Assets | 听 | 听 | 听 | ||||
| Cash and cash equivalents | $ | 55,001,227 | 听 | 听 | $ | 47,039,228 | 听 |
| Time deposits with other banks | 听 | 1,494,000 | 听 | 听 | 听 | 1,992,000 | 听 |
| Securities | 听 | 80,346,101 | 听 | 听 | 听 | 80,159,284 | 听 |
| Loans | 听 | 383,769,712 | 听 | 听 | 听 | 412,197,881 | 听 |
| Allowance for credit losses | 听 | (3,432,412 | ) | 听 | 听 | (3,528,389 | ) |
| Loans, net | 听 | 380,337,300 | 听 | 听 | 听 | 408,669,492 | 听 |
| Premises and equipment, net | 听 | 9,858,626 | 听 | 听 | 听 | 9,920,094 | 听 |
| Other assets | 听 | 25,056,597 | 听 | 听 | 听 | 24,949,807 | 听 |
| Total Assets | $ | 552,093,851 | 听 | 听 | $ | 572,729,905 | 听 |
| 听 | 听 | 听 | 听 | ||||
| Liabilities | 听 | 听 | 听 | ||||
| Deposits | $ | 484,981,138 | 听 | 听 | $ | 501,929,583 | 听 |
| FHLB borrowings | 听 | 4,000,000 | 听 | 听 | 听 | 9,000,000 | 听 |
| Trust preferred | 听 | 7,310,000 | 听 | 听 | 听 | 10,310,000 | 听 |
| Other liabilities | 听 | 3,415,374 | 听 | 听 | 听 | 3,269,872 | 听 |
| Total Liabilities | 听 | 499,706,512 | 听 | 听 | 听 | 524,509,455 | 听 |
| 听 | 听 | 听 | 听 | ||||
| Equity | 听 | 听 | 听 | ||||
| Total Equity | 听 | 52,387,339 | 听 | 听 | 听 | 48,220,450 | 听 |
| Total Liabilities and Equity | $ | 552,093,851 | 听 | 听 | $ | 572,729,905 | 听 |
| 听 | 听 | 听 | 听 | ||||
Contact:
Benjamin Z. Ogle
CFO
989-875-5562
FAQ
What were CEFC's Q2 2025 earnings per share?
How did CEFC's loan portfolio perform in Q2 2025?
What is CEFC's new share repurchase program?
How did CEFC's net interest income change in Q2 2025?
What is CEFC's current book value per share?
