Citizens & Northern Q1 net income $6.9M ($0.44/dil), down 21.5% YoY; dividend raised to $0.28

CITIZENS & NORTHERN CORP

2022-Q1 EPS reported $0.44

Net income $6.9M ($0.44/dil) vs $8.8M ($0.55/dil) YoY; diluted EPS down 20%.
Net interest income $20.3M (+1.2% YoY) aided by $1.4M in purchased credit impaired loan recoveries.
Provision for loan losses $891k, up 244% from $259k YoY; allowance/total loans 0.93%.
Dividend $0.28/share (+3.7% YoY), payable May 13, 2022 to holders of record May 2.
Equity fell 7.9% YoY to $276.2M, driven by $20.5M AOCI loss from rising interest rates.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.