secwatch.observer — SEC 8-K summary
======================================

Issuer:     CITIZENS & NORTHERN CORP (CZNC)
CIK:        0000810958
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001558370-24-000360
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810958/000155837024000360/0001558370-24-000360-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810958/000155837024000360/cznc-20240118x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000360

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer