Commercial National Financial Corporation Reports 3rd Quarter 2026 Results
Key Highlights
- ➤Q3 net income $1.721 million, down from $1.791 million year over year
- ➤Total assets $565 million, up $17 million year over year
- ➤Total loans decreased $10 million, or 2.7%, amid high interest rates
- ➤Brokered deposits increased $20 million as core deposits declined $13 million
- ➤CEFC allocated an additional $1.2 million for future share repurchases
ITHACA, Michigan, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (OTCID: CEFC) reported net income of $1,721,000 or $0.44 per share for the third quarter of 2026 compared to $1,791,000 or $0.45 per share for the third quarter of 2025. Return on Equity was 12.00% for the third quarter of 2026 compared to 13.35% for the third quarter of 2025.
Net interest income for the third quarter of 2026 increased by $124,000 or 2.4% compared to the respective 2025 period. Interest income increased by $36,000, mainly due to an increase in securities. Interest expense decreased by $88,000, mainly due to a decrease in funding costs. Non-interest income slightly decreased by $16,000, while operating expenses increased by $192,000, which was mainly due to higher wages and benefits expense.
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