Commercial National Financial Corporation Reports 3rd Quarter 2025 Results

About this update from Commercial National Financial Corp (mi)

[{"type":"text","content":"ITHACA, Mich., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (OTCID: CEFC) reported net income for the third quarter of 2025 of $1,791,000 or $0.45 per share compared to third quarter 2024 net income of $1,408,000 or $0.36 per share. Return on Equity was 13.35% for the third quarter of 2025 compared to 11.32% for the third quarter of 2024.","length":371,"tagName":"p"},{"type":"text","content":"Net interest income for the third quarter of 2025 increased by $460,000 or 9.8% compared to the respective 2024 period. Interest income decreased by $177,000, mainly due to a decrease in loans. Interest expense decreased by $636,000, mainly due to a decrease in wholesale funding and funding costs. Non-interest income increased by $17,000 or 3.1%. Operating expenses increased by $19,000 or 0.5%.","length":397,"tagName":"p"},{"type":"text","content":"Total assets were $548 million as of September 30, 2025 compared to $574 million as of September 30, 2024. The decrease in assets was mainly due to the repayment of wholesale funding and trust preferred debt totaling $24 million. While total loans decreased by $30 million or 7.3% due to the high-interest rate environment and early loan payoffs, loan quality remained strong with a non-performing assets ratio of 0.26%. Additionally, CEFC’s wholly owned subsidiary, Commercial Bank, remains significantly above “well capitalized” for regulatory purposes.","length":555,"tagName":"p"},{"type":"text","content":"Visit www.commercial-bank.com to view the latest news releases and other information about CEFC and Commercial Bank.","length":116,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"4","style":"vertical-align:middle;","val":[{"type":"text","content":"Selected Financial Data (unaudited):","length":36,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[]},{"colspan":"3","style":"vertical-align:bottom;","val":[]},{"style":"vertical-align:bottom;","val":[]},{"colspan":"2","style":"vertical-align:bottom;","val":[]},{"style":"vertical-align:bottom;","val":[]},{"colspan":"2","style":"vertical-align:bottom;","val":[]}]},{"val":[{"style":"vertical-align:bottom;","val":[]},{"colspan":"7","style":"text-align:center;vertical-align:middle;vertical-align:middle;","val":[{"type":"text","content":"Quarter Ended","length":13,"tagName":"p",...

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