CNB Community Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 12, 2023
Share
CNB Community Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 10.24 million compared to USD 10.76 million a year ago. Net income was USD 2.65 million compared to USD 3.94 million a year ago. Basic earnings per share from continuing operations was USD 1.23 compared to USD 1.84 a year ago.
For the nine months, net interest income was USD 30.33 million compared to USD 29.28 million a year ago. Net income was USD 8.09 million compared to USD 9.09 million a year ago. Basic earnings per share from continuing operations was USD 3.74 compared to USD 4.23 a year ago.
CNB Community Bancorp, Inc. is a bank holding company for County National Bank (the Bank). The Bank is a nationally chartered full-service bank that offers banking products along with investment management and trust services to communities located throughout South Central Michigan. The Bankâs personal and business banking services include checking accounts, savings accounts, online and mobile banking, loans, mortgages, telephonic banking, health savings account, treasury management, retirement planning, and others. The Bankâs wealth management services include investment management, trust and estate settlement, private banking, financial planning, and others. The Bank operates about 13 full-service offices, a loan production office, a mortgage lending office, and 19 automated teller machines (ATMs) in four counties: Calhoun, Hillsdale, Jackson, and Lenawee.