secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS & NORTHERN CORP (CZNC)
CIK:        0000810958
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001558370-23-006295
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810958/000155837023006295/0001558370-23-006295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810958/000155837023006295/cznc-20230420x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006295

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