---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006295"
form_type: "8-K"
ticker: "CZNC"
cik: "0000810958"
company_name: "CITIZENS & NORTHERN CORP"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T23:07:00.095469+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# C&N Q1 EPS $0.40, down 9% YoY; deposits fall $81.6M; NIM 3.71%

## Summary
- Net income $6.25M ($0.40 diluted EPS) vs $6.90M ($0.44) in Q1 2022, down 9.3%.
- Net interest margin 3.71%, down from 3.86% a year ago; net interest income $20.78M, up $449K YoY.
- Total deposits fell $81.6M (-4.1%) from Dec 2022; uninsured deposits 31.7% of total.
- Nonperforming loans dropped to $14.1M from $25.3M; credit for losses of $352K vs provision $2.26M in Q4.
- Dividend $0.28/share declared, payable May 12; CECL adoption cut retained earnings $1.65M.

## SEC filing metadata
- accession: 0001558370-23-006295
- form_type: 8-K
- ticker: CZNC
- cik: 0000810958
- company_name: CITIZENS & NORTHERN CORP
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/810958/000155837023006295/0001558370-23-006295-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810958/000155837023006295/cznc-20230420x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006295
- JSON: https://secwatch.observer/filing/0001558370-23-006295.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006295.txt

## Key facts
- Earnings Releases
  CITIZENS & NORTHERN CORP reported the three-month period ended March 31, 2023 results: net income $6,253,000, EPS $0.40 per diluted share.
  - Period: the three-month period ended March 31, 2023
  - Net income: $6,253,000
  - EPS: $0.40 per diluted share
  - Result: reported results
  source text: Net income was $6,253,000, or $0.40 per diluted share, for the first quarter 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/810958/000155837023006295/0001558370-23-006295-index.htm

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