CNB COMMUNITY BANCORP, INC. REPORTS 2023 RESULTS
HILLSDALE, Mich., Jan. 12, 2024 /PRNewswire/ — CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank, today announced earnings for the three months and twelve months ended December 31, 2023. Earnings during the fourth quarter of 2023 totaled $2.5 million, a decrease of $603,000 from the $3.1 million earned during the three months ended December 31, 2022. Basic earnings per share decreased to $1.17 during the three months ended December 31, 2023, down $0.28 from $1.45 during the fourth quarter of 2022. For the year ended December 31, 2023, CNB Community Bancorp, Inc. (the “Company”) reported net income of $10.6 million, a decrease of $1.6 million, or 13.1%, from the $12.2 million earned during the year ended December 31, 2022. Basic earnings per share decreased to $4.91 during the year ended December 31, 2023, down $0.77 from $5.68 during 2022.