secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS & NORTHERN CORP (CZNC)
CIK:        0000810958
Form:       8-K
Filed at:   2021-07-22T23:59:59+00:00
Accession:  0001558370-21-009087
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CZNC Q2 2021 EPS $0.44, down from Q1 $0.55; declares $0.28 dividend
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- Net income $7.06M ($0.44/sh) in Q2 2021, down from $8.79M ($0.55) in Q1; up from $5.44M ($0.39) in Q2 2020.
- Dividend of $0.28 per share declared, payable Aug 13, 2021 to holders of record Aug 2, 2021.
- Net interest margin fell to 3.52% from 4.00% in Q1, with PPP loan fee income down $749K.
- Provision for loan losses $744K, up from $259K in Q1 and a $176K credit in Q2 2020.
- Total assets $2.34B, up 34% YoY; nonperforming assets ratio 1.12% at June 30, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810958/000155837021009087/0001558370-21-009087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810958/000155837021009087/cznc-20210722x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-009087

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