Citizens & Northern Corporation filed its Form 10-Q for the quarterly period ended June 30, 2026, with the U.S. Securities and Exchange Commission, reporting second-quarter and year-to-date financial results for the Pennsylvania-based bank holding company.

Key Highlights

  • Q2 2026 net income: $14,057 thousand, compared with $6,117 thousand in Q2 2025, according to the filing.
  • Six-month net income: $14,330 thousand for the first half of 2026, versus $12,410 thousand for the same period of 2025.
  • Basic and diluted EPS: $0.79 for Q2 2026 and $0.81 for the six months ended June 30, 2026, the company disclosed.
  • Total assets: $3,151,984 thousand as of June 30, 2026, up from $3,132,469 thousand at December 31, 2025.
  • Total deposits: $2,603,735 thousand at June 30, 2026, compared with $2,564,716 thousand at December 31, 2025.
  • Shares outstanding: 17,942,105 as of June 30, 2026, and 17,934,867 as of August 3, 2026, per the filing.
  • Credit provision: A credit of $(1,846) thousand was recorded for Q2 2026, compared with a provision of $2,354 thousand in Q2 2025.

Citizens & Northern Reports Higher Net Interest Income and Shifting Credit Loss Position in Second Quarter 2026

According to the filing, Citizens & Northern Corporation (NASDAQ: CZNC) reported net interest income of $29,618 thousand for the three months ended June 30, 2026, compared with $21,142 thousand for the same period in 2025. Total interest and dividend income for Q2 2026 was $41,566 thousand, up from $32,454 thousand in Q2 2025. Interest and fees on loans were the primary driver, with taxable loan income reaching $36,583 thousand in Q2 2026 versus $28,051 thousand a year earlier. Total interest expense rose modestly to $11,948 thousand from $11,312 thousand in Q2 2025.

The filing disclosed a credit for credit losses of $(1,846) thousand in Q2 2026, reversing the $2,354 thousand provision recorded in Q2 2025. For the six-month period, however, the provision for credit losses was $11,756 thousand in 2026, compared with $2,590 thousand in 2025. Total noninterest income for Q2 2026 was $9,800 thousand, up from $8,142 thousand in Q2 2025, with contributions from trust revenue, service charges, and interchange revenue. Total noninterest expense was $23,839 thousand for Q2 2026, versus $19,398 thousand in Q2 2025, with salaries and employee benefits representing the largest component at $13,197 thousand.

On the balance sheet, loans receivable stood at $2,348,847 thousand at June 30, 2026, and the allowance for credit losses was $32,583 thousand, resulting in net loans of $2,316,264 thousand. Total stockholders' equity was $346,139 thousand at June 30, 2026, compared with $341,714 thousand at December 31, 2025. Senior notes, net, fell to $0 at June 30, 2026, from $14,970 thousand at year-end 2025. Accumulated other comprehensive loss was $(23,961) thousand at June 30, 2026. The registrant reported no merger-related expenses in either Q2 2026 or the first six months of 2026, compared with $167 thousand in the prior-year periods.

What Was Disclosed

The 10-Q covers the quarter and six months ended June 30, 2026, and includes unaudited consolidated balance sheets, income statements, comprehensive income statements, and cash flow statements for Citizens & Northern Corporation, a Pennsylvania bank holding company registered on NASDAQ Capital Market.