---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000630"
form_type: "8-K"
ticker: "CZNC"
cik: "0000810958"
company_name: "CITIZENS & NORTHERN CORP"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:50:09.729663+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-000630
- form_type: 8-K
- ticker: CZNC
- cik: 0000810958
- company_name: CITIZENS & NORTHERN CORP
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/810958/000155837023000630/0001558370-23-000630-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810958/000155837023000630/cznc-20230126x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000630
- JSON: https://secwatch.observer/filing/0001558370-23-000630.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000630.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/810958/000155837023000630/0001558370-23-000630-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.