secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS & NORTHERN CORP (CZNC)
CIK:        0000810958
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001104659-26-051471
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

C&N Q1 EPS sinks to $0.02 on $13.6M provision from $24M CRE loan charge-off
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- Diluted EPS of $0.02 vs $0.41 a year ago and $0.25 in Q4 2025; net income $273,000.
- Provision for credit losses $13.6M, up from $1.3M in Q4, driven by $10.8M net charge-offs on a $24M CRE loan in Bucks County, PA.
- Nonperforming assets 1.33% of total assets, up from 1.06% in Q4; ACL expanded to 1.42% of loans.
- Net interest margin rose 14 bps to 3.98%; PPNR remained strong at $14.1M.
- Total loans up $30.5M from year-end; deposits up $35.3M; bank remains well-capitalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810958/000110465926051471/0001104659-26-051471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810958/000110465926051471/cznc-20260429x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-051471

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