Citizens & Northern Corporation has reported its financial results for the second quarter of 2025, showing a stable performance compared to the same period in 2024. The second quarter net income was $6.117 million, maintaining a steady earnings per diluted share of $0.40, identical to the second quarter of the previous year. For the six months ended June 30, 2025, net income was $12.41 million, or $0.80 per diluted share, showing an increase from $11.419 million, or $0.74 per diluted share, in the same period of 2024. In terms of noninterest income for the second quarter of 2025, there was a significant increase of $1.134 million from the first quarter of the same year, totaling $8.142 million. Key contributors to this increase included a rise in other noninterest income due to tax credits from donations, and higher interchange revenue from debit card transactions. However, trust revenue saw a decrease of $135,000 compared to the first quarter of 2025. Noninterest expense also rose by $355,000 from the first quarter, amounting to $19.398 million. Additionally, the company has announced a regular quarterly cash dividend of $0.28 per share, payable on August 15, 2025, to shareholders of record as of August 4, 2025. This announcement follows the company's recent merger agreement with SQCF, with related expenses amounting to $167,000 included in the second quarter results.
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