CNB FINANCIAL CORP/PA 8-K

What Happened
CNB Financial Corporation (NASDAQ: CCNE) announced on April 14, 2026 that its Board declared a quarterly cash distribution on its depositary shares (NASDAQ: CCNEP). Holders of record as of May 15, 2026 will receive $0.4453125 per Depositary Share. The underlying Series A Preferred Stock dividend of $17.8125 per share (7.125% fixed-rate, non‑cumulative, perpetual) will be paid to the depositary on June 1, 2026, and the depositary will distribute the payment to Depositary Share holders.

Key Details

• Declaration date: April 14, 2026.
• Record date for Depositary Shares (CCNEP): May 15, 2026.
• Payment date: June 1, 2026 (paid to the depositary, then to Depositary Share holders).
• Amounts: $17.8125 per Series A Preferred share; $0.4453125 per Depositary Share (each Depositary Share = 1/40th interest).
• Series A Preferred Stock rate: 7.125% fixed-rate, non‑cumulative, perpetual.

Why It Matters
This filing confirms a scheduled cash distribution for holders of CNB’s depositary shares, providing short-term income to preferred/depositary shareholders. Because the Series A preference is non‑cumulative, dividends are paid only when declared by the Board; missed dividends generally do not accumulate. Investors tracking yield or cash flow from CNB’s preferred securities should note the record and payment dates and the announced per‑share amounts.