---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-005732"
form_type: "8-K"
ticker: "CZNC"
cik: "0000810958"
company_name: "CITIZENS & NORTHERN CORP"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:53:05.484076+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# C&N Q1 net income down 15% YoY to $0.35 EPS; NIM narrows, credit costs rise

## Summary
- Net income $5.306M ($0.35 diluted) vs $6.253M ($0.40) in Q1 2023.
- Net interest margin contracted to 3.29% from 3.71% a year ago.
- Provision for credit losses turned to $954K expense vs a $352K credit in Q1 2023.
- Nonperforming loans rose to 1.03% of total loans from 0.81% YoY.
- Quarterly dividend held at $0.28/share, payable May 17, 2024.

## SEC filing metadata
- accession: 0001558370-24-005732
- form_type: 8-K
- ticker: CZNC
- cik: 0000810958
- company_name: CITIZENS & NORTHERN CORP
- filed_at: 2024-04-25T23:59:59+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/810958/000155837024005732/0001558370-24-005732-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810958/000155837024005732/cznc-20240425x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005732
- JSON: https://secwatch.observer/filing/0001558370-24-005732.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005732.txt

## Key facts
- Earnings Releases
  CITIZENS & NORTHERN CORP reported the three-month period ended March 31, 2024 results: net income $5,306,000, or $0.35 diluted earnings per share, EPS $0.35 per diluted share.
  - Period: the three-month period ended March 31, 2024
  - Net income: $5,306,000, or $0.35 diluted earnings per share
  - EPS: $0.35 per diluted share
  - Result: reported results
  source text: Citizens & Northern Corporation (the “Company”) announced unaudited, consolidated financial results for the three months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/810958/000155837024005732/0001558370-24-005732-index.htm

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