Commercial National Financial Corp Q4 net income falls
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Commercial National Financial Corp reported a decline in Q4 net income year-over-year, with earnings per share (EPS) at $0.45. Net interest income increased by 6.5% due to lower funding costs, while total loans fell by 6.1% attributed to high interest rates and early payoffs. The company did not provide specific guidance for future quarters. Interest expenses decreased by $516,000, but operating expenses rose by $150,000 due to higher wages and benefits. Key metrics included a Q4 return on equity (ROE) of 12.64%.
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