CNB Financial Services, Inc. Reports Quarterly Results | Newspaper

0

BERKELEY SPRINGS – Mark D. Harrell, Chairman and CEO of CNB Financial Services, Inc. (CNB), the parent company of CNB Bank, Inc., announced for the quarter ended June 30, 2021 that CNB had consolidated net income of $ 896,000, or $ 2.28 per common share and $ 2.51 per Class A common share, compared to $ 761,000, or $ 1.87 per common share and $ 2.06 per Class A common share , for the quarter ended June 30, 2020.

For the six-month period ended June 30, 2021, CNB recorded consolidated net income of $ 1.8 million, or $ 4.68 per common share and $ 5.15 per Class A common share, compared to $ 1.4 million. of dollars, or $ 3.42 per common share and $ 3.76 per Class A common share, for the six-month period ended June 30, 2020.

Capital is a key measure of a bank’s financial health, and CNB continues to be viewed as a well-capitalized financial institution by regulatory authorities. CNB’s capital stood at $ 38.3 million, or 7.5% of total assets, as of June 30, 2021.

CNB, with total assets as of June 30, 2021 of $ 514.6 million, has two full-service offices and ATMs in Berkeley Springs. The bank has three full-service branches and ATMs in Berkeley County. Its Berkeley County offices are located in Hedgesville, south of Martinsburg, and Falling Waters.

The bank has three full-service branches and ATMs in Washington County, Maryland. Its Washington County offices are located in Hancock, with the Hagerstown offices located at 1591 Potomac Avenue and the Bank’s newest location at 1625 Dual Highway.


Source link

Share.

About Author

Leave A Reply