secwatch.observer — SEC 8-K summary
======================================

Issuer:     CITIZENS & NORTHERN CORP (CZNC)
CIK:        0000810958
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001558370-22-015131
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

C&N Q3 net income down 40% to $0.29/diluted share; declares $0.28 dividend
--------------------------------------------------------------------------

- Q3 2022 net income $4.455M ($0.29 diluted EPS) vs $7.399M ($0.47) in Q3 2021, a decline of 40%.
- Provision for loan losses surged to $3.794M from $1.530M, including a $2.16M partial charge-off on a commercial real estate loan.
- Net interest income rose 7.3% to $20.879M, but noninterest expense increased 13.7% to $17.443M.
- Declared quarterly cash dividend of $0.28/share, payable Nov 11, 2022 to holders of record Oct 31, 2022.
- Nonperforming assets increased to 0.87% of total assets, up from 0.62% at June 30, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810958/000155837022015131/0001558370-22-015131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810958/000155837022015131/cznc-20221020x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015131

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