C&N Q4 EPS $0.28 vs $0.50 YoY; full-year EPS $1.57 vs $1.71; dividend unchanged at $0.28

CITIZENS & NORTHERN CORP

2023-FY EPS reported $1.57

Q4 net income $4.261M ($0.28 diluted EPS) vs $7.779M ($0.50) in Q4 2022, down 45%.
Full-year 2023 net income $24.148M ($1.57 diluted EPS) vs $26.618M ($1.71) in 2022.
Repositioning of securities and BOLI incurred a net charge of $1.253M ($0.08 per share) in Q4.
Dividend declared $0.28/share, payable Feb 9, 2024 to holders of record Jan 29, 2024.
Net interest margin fell to 3.31% in Q4 2023 from 3.89% in Q4 2022; loans grew 6.2% YoY.

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 the three-month and annual periods ended December 31, 2023 results: revenue $19,594,000 in the fourth quarter 2023 was down $69,000 from the third quarter 2023, net income Net income was $4,261,000, or $0.28 per diluted share, for the fourth quarter 2023, EPS $0.28 per diluted share.

Period: the three-month and annual periods ended December 31, 2023
Revenue: $19,594,000 in the fourth quarter 2023 was down $69,000 from the third quarter 2023
Net income: Net income was $4,261,000, or $0.28 per diluted share, for the fourth quarter 2023
EPS: $0.28 per diluted share
Result: reported results

Exact text from the filing

Citizens & Northern Corporation (the “Company”) announced unaudited, consolidated financial results for the year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001558370-24-000360

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