CZNC

CITIZENS & NORTHERN CORP reported results for the second quarter of 2026 with revenue and earnings up sharply year over year, driven by higher interest income and contributions from the October 2025 Susquehanna acquisition.

Financial Highlights

• Revenue: Total interest and dividend income $41.566M for Q2 2026 vs $32.454M in the year-ago quarter; YoY change 28.1%.
• Net income: Net income attributable to common shareholders $14.057M for Q2 2026 vs $6.068M in the year-ago quarter; YoY change 131.8%.
• Diluted EPS: $0.79 for Q2 2026 vs $0.40 in the year-ago quarter; YoY change 97.5%.

Business Highlights

• Revenue growth and margin expansion: Net interest income rose substantially year over year, reflecting loan and securities growth after the Susquehanna acquisition and an improved net interest margin.
• Deposit and channel shift: Average and total deposits increased materially, including $501M from the Susquehanna merger, supporting higher lending and fee activity.
• Product and fee momentum: Noninterest income grew due to higher service charges, mortgage loan sale gains, trust, brokerage and interchange revenues.
• Operational integration: The Susquehanna acquisition, completed Oct. 1, 2025, is driving initial integration benefits while generating integration-related expenses and amortization.
• Credit and portfolio actions: Management tightened allowance for credit losses methodology and refined qualitative factors; the company recorded elevated charge-offs on a large CRE loan and pursued forbearance and workout actions.

Original SEC Filing: CITIZENS & NORTHERN CORP [ CZNC ] - 10-Q - Aug. 07, 2026