secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS & NORTHERN CORP (CZNC)
CIK:        0000810958
Form:       8-K/A
Filed at:   2025-12-11T23:59:59+00:00
Accession:  0001104659-25-120335
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

C&N completes $44.6M Susquehanna merger; pro forma EPS $1.20 for 2024
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- Merger consideration $44.6M: 0.8 C&N shares per Susquehanna share, price $19.64/share.
- Pro forma total assets $3.256B; goodwill $11.5M, core deposit intangibles $10.2M.
- Pro forma net income $21.2M (FY 2024) and $19.9M (9mo 2025); EPS $1.20 and $1.12.
- C&N expects early adoption of ASU 2025-08 to eliminate Day 1 $4.1M provision for credit losses.
- C&N sold most acquired securities for $143.2M; repaid Susquehanna's $45.8M short-term borrowing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810958/000110465925120335/0001104659-25-120335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810958/000110465925120335/cznc-20251001x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-120335

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