secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS & NORTHERN CORP (CZNC)
CIK:        0000810958
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0000810958-22-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810958/000081095822000006/0000810958-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810958/000081095822000006/cznc-20220721x8k.htm
  HTML page:      https://secwatch.observer/filing/0000810958-22-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer