Business Context and Reporting Period
Company: CNB Financial Corporation (NASDAQ: CCNE)
Filing Type: Form 8-K (Current Report)
Date of Report: April 14, 2026
Event: Declaration of quarterly cash dividend on Series A Preferred Stock.
Key Financial Metrics
This filing reports a specific dividend declaration rather than comprehensive financial performance metrics (revenue, profit, cash flow, debt, or liquidity). The filing text does not provide a clear value for these operational metrics.
- Security: 7.125% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (Depositary Shares: CCNEP).
- Dividend per Preferred Share: $17.8125.
- Dividend per Depositary Share: $0.4453125 (representing a 1/40th interest).
- Record Date: May 15, 2026.
- Payment Date: June 1, 2026.
Material Changes
The filing does not disclose material changes to the company's financial condition, operations, or capital structure compared to prior periods, other than the scheduled declaration of the preferred stock dividend.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors has formally declared the quarterly distribution. The payment will be made to the depositary on June 1, 2026, for subsequent distribution to holders of record.
Risks and Contingencies: No specific risks, contingencies, or unusual items are disclosed in this filing. The preferred stock is non-cumulative, meaning missed dividends do not accumulate for future payment.
Investor Verification Checklist
- Verify the record date of May 15, 2026, to ensure eligibility for the dividend.
- Confirm the payment date of June 1, 2026, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the dividend declaration.
- Check subsequent filings for the actual payment confirmation and any changes to the preferred stock status.