secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS & NORTHERN CORP (CZNC)
CIK:        0000810958
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001558370-23-016538
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810958/000155837023016538/0001558370-23-016538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810958/000155837023016538/cznc-20231019x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-016538

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