CNB Financial Confirms NASDAQ Listing for Common & Preferred Stock

TL;DR

**CNB Financial just confirmed its common and preferred stocks are still listed on NASDAQ.**

AI Summary

CNB Financial Corporation filed an 8-K on February 1, 2024, to update its registered securities. The filing confirms that its Common Stock (trading symbol CCNE) and Depositary Shares (trading symbol CCNEP), which represent a 1/40th interest in 7.125% Series A Non-Cumulative, perpetual preferred stock, are both registered on The NASDAQ Stock Market LLC. This matters to investors because it reaffirms the company's compliance with exchange listing requirements and provides clarity on where its securities are traded, ensuring liquidity and transparency for shareholders.

Why It Matters

This filing confirms the continued listing of CNB Financial's common and preferred stock on NASDAQ, which is crucial for maintaining investor confidence and ensuring the liquidity of their shares.

Risk Assessment

Risk Level: low — This filing is purely administrative, confirming existing security listings, and introduces no new financial or operational risks.

Analyst Insight

A smart investor would note this administrative filing confirms the continued listing of CNB Financial's securities on NASDAQ, ensuring market access and liquidity, but it doesn't provide new information to alter investment decisions.

Key Numbers

• 1/40th — interest in preferred stock (each Depositary Share represents this fraction of a Series A Preferred Stock)
• 7.125% — Series A Preferred Stock dividend rate (the non-cumulative dividend rate for the Series A Preferred Stock)

Key Players & Entities

• CNB FINANCIAL CORPORATION (company) — the registrant filing the 8-K
• The NASDAQ Stock Market LLC (company) — the exchange where CNB Financial's securities are registered
• February 1, 2024 (date) — date of earliest event reported and filing date
• CCNE (other) — trading symbol for Common Stock
• CCNEP (other) — trading symbol for Depositary Shares (Preferred Stock)

FAQ

Key Financial Figures

• $0.4453125 — quarterly distribution in the amount of $0.4453125 per Depositary Share, resulting from th
• $17.8125 — aration of a quarterly cash dividend of $17.8125 per share of Series A Preferred Stock,

Filing Documents

• ccne-20240201.htm (8-K) — 30KB
• ccne2-1x2499x1xpreferred.htm (EX-99.1) — 5KB
• pressreleaselogo2.gif (GRAPHIC) — 5KB
• 0000736772-24-000008.txt ( ) — 205KB
• ccne-20240201.xsd (EX-101.SCH) — 2KB
• ccne-20240201_def.xml (EX-101.DEF) — 6KB
• ccne-20240201_lab.xml (EX-101.LAB) — 30KB
• ccne-20240201_pre.xml (EX-101.PRE) — 18KB
• ccne-20240201_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events . The Board of Directors of CNB Financial Corporation (NASDAQ: CCNE) (the "Corporation") has announced that on March 1, 2024, holders of record as of February 16, 2024 (the "Depository Shares Record Date") of its depositary shares (NASDAQ: CCNEP) (the "Depositary Shares"), each representing a 1/40th interest in the Corporation's 7.125% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"), will receive a quarterly distribution in the amount of $0.4453125 per Depositary Share, resulting from the Corporation's declaration of a quarterly cash dividend of $17.8125 per share of Series A Preferred Stock, which underlies the Depositary Shares. On March 1, 2024, the Series A Preferred Stock dividend will be paid to the depositary for the Series A Preferred Stock. The depositary will, in turn, distribute such dividend to the holders of record of the Depositary Shares as of the Depositary Shares Record Date. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits d. Exhibits. Number Description 99.1 Press release of CNB Financial Corporation dated February 1, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. CNB Financial Corporation Date: February 1, 2024 By: /s/ Tito L. Lima Tito L. Lima Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR