Citizens & Northern (CZNC) Q4 2025 earnings summary

Executive summary

• Completed merger with Susquehanna Community Financial, adding $596.2M in assets, $393.6M in loans, and $501.5M in deposits as of October 1, 2025.

• Fourth quarter and full-year 2025 results were significantly impacted by merger-related expenses and integration.

• Adjusted earnings (excluding merger expenses) for Q4 2025 were $9.97M ($0.56/share), up from Q3 2025, and $29.78M ($1.85/share) for the year.

Financial highlights

• Q4 2025 net income was $4.47M ($0.25/share), down from $8.17M ($0.53/share) in Q4 2024 and $6.55M ($0.42/share) in Q3 2025.

• Full-year 2025 net income was $23.43M ($1.46/share), down 9.8% from $25.96M ($1.69/share) in 2024.

• Net interest income for Q4 2025 rose 39% year-over-year to $28.47M; full-year net interest income increased 16.1% to $91.85M.

• Noninterest income for Q4 2025 was $8.36M, up 10.8% year-over-year; full-year noninterest income was $30.81M, up 5.5%.

• Provision for credit losses in 2025 was $6.07M, up from $2.20M in 2024.

• Noninterest expense (excluding merger costs) for 2025 was $80.05M, up $5.79M from 2024.

Outlook and guidance

• Management expects continued integration of Susquehanna operations, with focus on realizing cost savings and operational synergies.

• Forward-looking statements highlight risks from economic conditions, interest rates, and integration challenges.