Citizens & Northern Q1 FY26 net income drops to $273,000; net interest margin widens 14 bps to 3.98%

• Citizens & Northern posted first-quarter 2026 net income of $273,000, down 93.89%, with diluted EPS at $0.02.
• Pre-tax, pre-provision net revenue slipped to $14.14 million from $14.45 million.
• Net interest margin widened 14 basis points to 3.98%.
• Provision for credit losses surged to $13.6 million, driven by $10.81 million of net charge-offs tied to a $24 million non-owner occupied commercial real estate office loan that moved to nonaccrual and took a $10.06 million charge-off after a lower appraisal.
• CEO Brad Scovill said fundamentals remain strong despite elevated nonperforming assets, adding C&N expects to execute its strategy for profitable growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citizens & Northern Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-051471), on April 29, 2026, and is solely responsible for the information contained therein.