CNB COMMUNITY BANCORP, INC. REPORTS THIRD QUARTER 2023 RESULTS

HILLSDALE, Mich., Oct. 13, 2023 /PRNewswire/ — CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank, today announced earnings for the three and nine months ended September 30, 2023. Earnings during the third quarter of 2023 totaled $2.6 million, a decrease of $1.3 million or 33.3% compared to the $3.9 million earned during the three months ended September 30, 2022. Basic earnings per share for CNB Community Bancorp, Inc. (the “Company”) decreased to $1.23 during the three months ended September 30, 2023, down $0.61 from $1.84 during the third quarter of 2022. For the nine months ended September 30, 2023, the Company reported net income of $8.1 million, a decrease of $1.0 million, or 11.0%, from the $9.1 million earned during the nine months ended September 30, 2022. Basic earnings per share decreased to $3.74 during the nine months ended September 30, 2023, down $0.49 from $4.23 during the first nine months of 2022.

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