---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000360"
form_type: "8-K"
ticker: "CZNC"
cik: "0000810958"
company_name: "CITIZENS & NORTHERN CORP"
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T22:18:21.463735+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-000360
- form_type: 8-K
- ticker: CZNC
- cik: 0000810958
- company_name: CITIZENS & NORTHERN CORP
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/810958/000155837024000360/0001558370-24-000360-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810958/000155837024000360/cznc-20240118x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000360
- JSON: https://secwatch.observer/filing/0001558370-24-000360.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000360.txt

## Key facts
- Earnings Releases
  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
  source text: Citizens & Northern Corporation (the “Company”) announced unaudited, consolidated financial results for the year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/810958/000155837024000360/0001558370-24-000360-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.