secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS & NORTHERN CORP (CZNC)
CIK:        0000810958
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001558370-24-005732
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810958/000155837024005732/0001558370-24-005732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810958/000155837024005732/cznc-20240425x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-005732

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