C&N Q2 2022 EPS $0.48, up from $0.44 in Q1; dividend $0.28 declared

CITIZENS & NORTHERN CORP

2022-Q2 EPS reported $0.92

Net income $7.49M ($0.48 diluted EPS) vs $6.90M ($0.44) in Q1 2022 and $7.06M ($0.44) in Q2 2021.
Average loans excl. PPP up 13.2% annualized from Q1; total loans ex. PPP up 8.2% from Q1.
Nonperforming assets ratio improved to 0.62% from 0.81% in Q1 2022 and 1.12% in Q2 2021.
Quarterly cash dividend of $0.28/share declared, payable Aug 12, 2022 to holders of record Aug 1.
Repurchased 235,505 shares at avg $24.21 in Q2; $14.8M nonperforming assets.

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