CZNC Q2 EPS falls 19% YoY to $0.39; declares $0.28 dividend

CITIZENS & NORTHERN CORP

2023-Q2 EPS reported $0.80

Q2 net income $6.0M ($0.39 diluted EPS) vs $7.5M ($0.48) in Q2 2022.
Dividend of $0.28 per share declared, payable Aug 11, 2023 to holders of record July 31.
Total loans grew $69.4M (15.9% annualized) from Q1; commercial loans up 8.5% YoY.
Nonperforming loans improved to 0.77% of total loans from 0.81% in Q1 and 1.46% year-end.
Uninsured deposits 29.9% of total; available liquidity 254% of uninsured & uncollateralized deposits.

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 six months ended June 30, 2023 results: net income $12,296,000, or $0.80 diluted earnings per share, EPS $0.80 diluted earnings per share.

Period: six months ended June 30, 2023
Net income: $12,296,000, or $0.80 diluted earnings per share
EPS: $0.80 diluted earnings per share
Result: reported results

Exact text from the filing

Net income for the six months ended June 30, 2023 of $12,296,000, or $0.80 diluted earnings per share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CITIZENS & NORTHERN CORP reported three-month and six-month periods ended June 30, 2023 results: net income $6,043,000, or $0.39 diluted earnings per share, EPS $0.39 diluted earnings per share.

Period: three-month and six-month periods ended June 30, 2023
Net income: $6,043,000, or $0.39 diluted earnings per share
EPS: $0.39 diluted earnings per share
Result: reported results

Exact text from the filing

Second quarter 2023 net income of $6,043,000, or $0.39 diluted earnings per share. Net income for the six months ended June 30, 2023 of $12,296,000, or $0.80 diluted earnings per share.

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Source: SEC EDGAR

accession 0001558370-23-012017

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