C&N Q3 net income $7.6M ($0.50 EPS) up from $0.29 YoY; net interest margin 3.35%

CITIZENS & NORTHERN CORP

2023-Q3 EPS reported $1.29

Net income $7,591,000, diluted EPS $0.50 (vs $0.39 in Q2 2023 and $0.29 in Q3 2022).
Net interest margin 3.35%, down from 3.53% Q2 2023 and 3.69% Q3 2022.
Credit for credit losses of $1,225,000 (Q3) vs provision of $812,000 in Q2 2023 and $3,794,000 in Q3 2022.
Dividend of $0.28 per share declared, payable Nov 10, 2023 to holders of record Oct 30, 2023.
Nonperforming loans 0.92% of total loans; uninsured deposits 29.5% of bank 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 0.95

CITIZENS & NORTHERN CORP reported the three-month and nine-month periods ended September 30, 2023 results: net income $7,591,000, or $0.50 diluted earnings per share, EPS $0.50 diluted earnings per share.

Period: the three-month and nine-month periods ended September 30, 2023
Net income: $7,591,000, or $0.50 diluted earnings per share
EPS: $0.50 diluted earnings per share
Result: reported results

Exact text from the filing

Third quarter 2023 net income was $7,591,000, or $0.50 diluted earnings per share, up from $0.39 per diluted share in the second quarter 2023 and $0.29 per diluted share in the third quarter 2022.

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Source: SEC EDGAR

accession 0001558370-23-016538

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