C&N Q4 EPS $0.50, full-year EPS $1.71; credit quality weakens

CITIZENS & NORTHERN CORP

2022-FY EPS reported $1.71

Q4 2022 net income $7.78M ($0.50 diluted), up from $4.46M ($0.29) in Q3 2022.
Full-year 2022 net income $26.6M ($1.71), down from $30.6M ($1.92) in 2021.
Net interest margin improved to 3.89% in Q4 from 3.69% in Q3; loans ex-PPP up 12.1% YoY.
Provision for loan losses $2.26M in Q4, includes $1.78M partial charge-off on healthcare real estate loan.
Nonperforming assets / total assets rose to 1.04% from 0.87% in Q3; regular dividend of $0.28 declared.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CITIZENS & NORTHERN CORP reported the three-month period ended December 31, 2022 results: net income $7,779,000, EPS $0.50 per diluted share.

Period: the three-month period ended December 31, 2022
Net income: $7,779,000
EPS: $0.50 per diluted share
Result: reported results

Exact text from the filing

Net income was $7,779,000, or $0.50 per diluted share, for the fourth quarter 2022 as compared to $4,455,000, or $0.29 per diluted share, in the third quarter 2022.

View on SEC.gov

Browse all earnings releases →

CITIZENS & NORTHERN CORP filing history →

Source: SEC EDGAR

accession 0001558370-23-000630

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.