Citizens & Northern Corporation

CZNC: 8-K · earnings release

Citizens & Northern Corporation (NASDAQ: CZNC) reported record third quarter 2026 net income of $16.3 million, or $0.92 per diluted share, more than double the $0.42 earned in Q3 2025. Net interest margin expanded 6 basis points sequentially to 4.13% and the efficiency ratio improved to 56.11%. The Board raised the quarterly dividend by $0.02 to $0.30 per share, payable November 13, 2026, citing confidence in continued strong earnings. Results included a $3.2 million credit for credit losses, though nine-month net charge-offs of 0.61% remain elevated from a single non-owner occupied CRE loan. Total assets stood at $3.15 billion with deposits of $2.61 billion, and the company remains well-capitalized with $1.384 billion of highly liquid available funding covering 170.3% of uninsured deposits.

SEC 8-K•3d ago

CZNC: 10-Q · periodic report

Second quarter 2026 net income was $14,057,000, or $0.79 per diluted share, more than double the $6,117,000, or $0.40 per diluted share, reported in the second quarter of 2025. Net interest income rose $8,476,000 year over year to $29,618,000, with net interest margin expanding to 4.07% from 3.52%, driven by earning-asset growth from the October 1, 2025 Susquehanna Community Financial acquisition. Credit was the swing factor: first-half 2026 included a $10,056,000 charge-off on a $24 million non-owner occupied commercial real estate loan, pushing first-half provision expense to $11,756,000 versus $2,590,000 a year ago. The second quarter itself was clean, booking a $1,846,000 provision credit and a $675,000 loan recovery, while the allowance sat at 1.39% of gross loans. The balance sheet grew to $3.15 billion in total assets with $81.4 million of cash, and tangible book value per share rose to $15.33 from $15.11 at year-end. One funding headwind emerged: $25 million of subordinated notes reset from a 3.25% fixed rate to a floating rate of 6.25% at quarter-end after the fixed period ended June 1, 2026.

SEC 10-Q•2mo ago

CZNC: 8-K · earnings release

Citizens & Northern Corporation reported a significant turnaround in second quarter 2026 results with net income of $14.1 million, or $0.79 per share, compared to $273,000 in the prior quarter and $6.1 million in the prior year. The Board of Directors declared a regular quarterly cash dividend of $0.28 per share, payable on August 14, 2026, to shareholders of record as of August 3, 2026. The company posted net interest margin expansion to 4.07% and noted that year-to-date pre-tax, pre-provision net revenue increased by $11.5 million compared to the first six months of 2025, driven partly by the Susquehanna acquisition.

SEC 8-K•3mo ago