secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS & NORTHERN CORP (CZNC)
CIK:        0000810958
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001558370-25-005252
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

C&N Q1 net income $6.3M ($0.41 EPS), up 18.6% YoY; net interest margin improves to 3.38%
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- Net income of $6,293,000 ($0.41 diluted EPS) up 18.6% from Q1 2024 ($5.3M, $0.35) but down from Q4 2024 ($8.2M, $0.53).
- Net interest margin improved to 3.38% from 3.30% in Q4 2024 and 3.29% in Q1 2024.
- Dividend declared $0.28 per share, payable May 15, 2025 to holders of record May 4, 2025, unchanged.
- Nonperforming loans increased to $24.1M (1.27% of total loans) vs $24.0M at Dec 31, 2024 and $19.3M a year ago.
- Provision for credit losses of $236,000 vs a credit of $531,000 in Q4 2024 and provision of $954,000 in Q1 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810958/000155837025005252/0001558370-25-005252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810958/000155837025005252/cznc-20250423x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-005252

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