secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS & NORTHERN CORP (CZNC)
CIK:        0000810958
Form:       8-K
Filed at:   2022-01-20T23:59:59+00:00
Accession:  0001558370-22-000332
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

C&N reports record 2021 net income of $30.6M; declares $0.28 quarterly dividend
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- Full-year diluted EPS $1.92, up from $1.30 in 2020 (GAAP); adjusted non-GAAP EPS $1.92 vs $1.80.
- Q4 net income $7.3M ($0.46/diluted share) vs $6.8M ($0.43) in Q4 2020.
- Net interest income for 2021 $77.9M, up $10.4M YoY; net interest margin 3.69%.
- Nonperforming assets to total assets improved to 0.94% at Dec 2021 from 1.10% a year earlier.
- Loan loss provision $3.66M in 2021 vs $3.91M in 2020; commercial loans ex-PPP grew $76M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810958/000155837022000332/0001558370-22-000332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810958/000155837022000332/cznc-20220120x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-000332

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