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Complete financial analysis of Commercial National Financial Corporation (CEFC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Commercial National Financial Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Commercial National Financial Corporation (CEFC)
About Commercial National Financial Corporation
Commercial National Financial Corporation operates as the holding company for Commercial Bank that provides various banking products and services to individuals, agricultural businesses, commercial businesses, and light industries in Michigan. The company accepts various deposit products, including checking and savings accounts, individual retirement accounts, certificates of deposit, and health savings accounts. It also offers personal loan products, such as automobile loans, recreational vehicle loans, personal lines of credit, and unsecured term loans, as well as home equity loans and mortgage loans; and business loans, including secured lines of credit, business equity line of credit, SBA loans, equipment loans, real estate loans, vehicle loans, term loans, USDA loan programs, and capital access loan programs. In addition, the company provides other services comprising business VISA check cards, debit and ATM cards, business statement savings, business certificates of deposit, merchant services, night depository, telephone banking, online banking, e-statements, direct deposit of payroll for employees, child support payments, collection of receivables, and remote deposit capture, as well as treasury services. It provides its services through 12 offices located in Barry, Gratiot, Ingham, Isabella, Kent, and Montcalm counties in Michigan. The company was founded in 1893 and is headquartered in Ithaca, Michigan.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20.53M | 25.63M | 21.71M | 21.25M | 22.57M | 21.24M | 21.12M | 16.10M | 12.40M | 12.14M | 11.30M | 11.73M | 10.75M | 10.79M | 1.39M | 1.46M | 1.82M | 1.49M | 913.34K | 914.68K |
| Cost of Revenue | -6.86M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 27.39M | 25.63M | 21.71M | 21.25M | 22.57M | 21.24M | 21.12M | 16.10M | 12.40M | 12.14M | 11.30M | 11.73M | 10.75M | 10.79M | 1.39M | 1.46M | 1.82M | 1.49M | 913.34K | 914.68K |
| Gross Profit Ratio | 133.42% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 769.87K | 492.36K | 437.90K | 318.49K | 422.21K | 761.82K | 1.54M | 1.12M | 936.76K | 780.64K | 3.93M | 3.70M | 3.35M | 3.23M | 2.96M | 2.75M | 2.56M | 2.52M | 2.87M | 2.57M |
| Selling & Marketing | 10.37M | 10.20M | 9.52M | 8.73M | 8.69M | 8.16M | 8.66M | 6.27M | 6.03M | 6.22M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 11.14M | 492.36K | 437.90K | 318.49K | 422.21K | 8.92M | 10.20M | 7.39M | 6.97M | 7.00M | 3.93M | 3.70M | 3.35M | 3.23M | 2.96M | 2.75M | 2.56M | 2.52M | 2.87M | 2.57M |
| Other Expenses | 0.00 | -2.55M | -2.50M | -2.34M | -2.42M | -2.56M | -3.59M | -2.85M | 0.00 | 0.00 | -11.63M | -12.36M | -10.07M | -9.49M | -247.76K | -399.75K | -892.21K | -1.82M | -2.03M | -1.32M |
| Operating Expenses | 11.14M | 2.55M | 2.50M | 2.34M | 2.42M | 2.56M | 3.59M | 2.85M | 8.67M | 8.81M | -7.70M | -8.66M | -6.71M | -6.26M | 2.71M | 2.35M | 1.67M | 697.33K | 834.41K | 1.24M |
| Cost & Expenses | 11.14M | 15.75M | 13.93M | 16.02M | 16.48M | 15.73M | 16.22M | 12.36M | 8.67M | 8.81M | -7.70M | -8.66M | -6.71M | -6.26M | 2.71M | 2.35M | 1.67M | 697.33K | 834.41K | 1.24M |
| Interest Income | 0.00 | 23.34M | 19.31M | 18.90M | 19.84M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.74M | 13.85M | 14.11M | 16.10M | 16.30M | 14.12M | 13.45M | 13.04M | 12.26M | 11.65M |
| Interest Expense | 0.00 | 3.01M | 2.41M | 3.51M | 5.37M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.81M | 4.14M | 5.19M | 7.15M | 7.30M | 5.70M | 5.89M | 5.69M | 5.28M | 4.78M |
| Depreciation & Amortization | 1.05M | 995.11K | 677.80K | 646.29K | 687.37K | 664.82K | 732.94K | 540.00K | -3.73M | -3.41M | 755.57K | 722.56K | 507.85K | 510.48K | 565.35K | 751.79K | 728.30K | 404.67K | 579.70K | 481.75K |
| EBITDA | 8.57M | 10.87M | 8.45M | 5.87M | 6.78M | 6.17M | 732.94K | 540.00K | 3.34M | -78.95K | 0.00 | 3.79M | 4.54M | 5.04M | 4.66M | 3.81M | 4.21M | 2.74M | 2.40M | 2.64M |
| EBITDA Ratio | 41.75% | 38.54% | 35.82% | 24.59% | 26.97% | 3.13% | 3.47% | 3.35% | 0.00% | -0.65% | 38.55% | 32.32% | 42.24% | 46.73% | 336.33% | 312.52% | 231.66% | 173.74% | 254.83% | 288.69% |
| Operating Income | 9.39M | 9.88M | 7.78M | 5.22M | 6.09M | 5.51M | 4.90M | 3.74M | 3.73M | 3.41M | 3.60M | 3.07M | 4.03M | 4.53M | 4.10M | 3.81M | 3.48M | 2.19M | 1.75M | 2.16M |
| Operating Income Ratio | 45.74% | 38.54% | 35.82% | 24.59% | 26.97% | 25.94% | 23.20% | 23.22% | 30.11% | 28.09% | 31.87% | 26.16% | 37.51% | 42.00% | 295.53% | 260.99% | 191.60% | 146.66% | 191.36% | 236.02% |
| Total Other Income/Expenses | -1.87M | -1.77M | -1.77M | -1.75M | -1.73M | -1.80M | -2.05M | 0.00 | -1.70M | -1.81M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.70M | 0.00 | -951.28K | -77.00K | 0.00 |
| Income Before Tax | 7.53M | 9.88M | 7.78M | 5.22M | 6.09M | 5.51M | 4.90M | 3.74M | 3.73M | 3.33M | 3.60M | 3.07M | 4.03M | 4.53M | 4.10M | 3.81M | 3.48M | 2.19M | 1.75M | 2.16M |
| Income Before Tax Ratio | 36.65% | 38.54% | 35.82% | 24.59% | 26.97% | 25.94% | 23.20% | 23.22% | 30.11% | 27.44% | 31.87% | 26.16% | 37.51% | 42.00% | 295.53% | 260.99% | 191.60% | 146.66% | 191.36% | 236.02% |
| Income Tax Expense | 1.35M | 1.80M | 1.41M | 859.00K | 1.07M | 1.01M | 1.48M | 1.14M | 1.05M | 903.41K | 1.04M | 833.00K | 1.13M | 1.33M | 1.19M | 1.08M | 923.54K | 499.65K | 316.00K | 491.00K |
| Net Income | 6.17M | 8.08M | 6.37M | 4.36M | 5.02M | 4.50M | 3.42M | 2.60M | 2.69M | 2.43M | 2.56M | 2.24M | 2.90M | 3.20M | 2.90M | 2.73M | 2.56M | 1.69M | 1.43M | 1.67M |
| Net Income Ratio | 30.07% | 31.53% | 29.33% | 20.54% | 22.23% | 21.20% | 16.19% | 16.14% | 21.65% | 20.00% | 22.65% | 19.06% | 27.00% | 29.67% | 209.45% | 187.17% | 140.80% | 113.23% | 156.76% | 182.34% |
| EPS | 1.56 | 2.04 | 1.61 | 1.10 | 1.27 | 1.14 | 0.86 | 0.80 | 0.83 | 0.75 | 0.63 | 0.55 | 0.73 | 0.83 | 0.75 | 0.71 | 0.67 | 1.48 | 1.36 | 1.69 |
| EPS Diluted | 1.56 | 2.04 | 1.61 | 1.10 | 1.27 | 1.14 | 0.86 | 0.80 | 0.83 | 0.75 | 0.62 | 0.55 | 0.72 | 0.82 | 0.74 | 0.71 | 0.66 | 1.48 | 1.36 | 1.69 |
| Weighted Avg Shares Out | 3.97M | 3.97M | 3.97M | 3.97M | 3.97M | 3.97M | 3.97M | 3.25M | 3.25M | 3.25M | 4.09M | 4.07M | 3.96M | 3.88M | 3.86M | 3.86M | 1.21M | 1.14M | 1.05M | 984.10K |
| Weighted Avg Shares Out (Dil) | 3.97M | 3.97M | 3.97M | 3.97M | 3.97M | 3.97M | 3.97M | 3.25M | 3.25M | 3.25M | 4.12M | 4.07M | 4.01M | 3.92M | 3.90M | 3.86M | 1.21M | 1.14M | 1.05M | 984.10K |
Commercial National Financial Corporation Announces Quarterly Dividend
Commercial National Financial Corporation Reports 3rd Quarter 2024 Results
Commercial National Financial Corporation Announces Quarterly Dividend
Commercial National Financial Corporation Reports 2nd Quarter 2024 Results
Commercial National Financial Corporation Announces Quarterly Dividend
Commercial National Financial Corporation Reports 1st Quarter 2024 Earnings
Commercial National Financial Corporation Announces Quarterly Dividend
Commercial National Financial Corporation Reports 4th Quarter 2023 Earnings
Commercial National Financial Corporation Announces Quarterly Dividend
Commercial National Financial Corporation Reports 3rd Quarter 2023 Earnings
Source: https://incomestatements.info
Category: Stock Reports