Citizens & Northern Corporation appointed Aaron Singer Vice Chair of the Board, effective immediately. Terry Lehman will step down as Chair at the 2027 annual meeting, when Singer will succeed him. Lehman intends to continue as a director, subject to Board nomination and shareholder election.
Singer has served on the Board since 2017 and chairs the Governance and Nominating Committee. As Vice Chair, he will support Lehman as Chair and preside in Lehman’s absence while preparing to assume the Chair position in 2027. Citizens & Northern Corporation is the parent company of Citizens & Northern Bank and operates 34 full-service offices.
Citizens & Northern Corporation reported unaudited consolidated net income of $16.285 million for the three months ended September 30, 2026, compared with $6.551 million a year earlier; diluted earnings per share were $0.92 versus $0.42. The company said quarterly net income was a record. Net interest income was $30.205 million, and net interest margin expanded 6 basis points. Results included a $3.171 million credit for credit losses, attributed mainly to changes in qualitative factors. Pre-tax, pre-provision net revenue was $17.464 million, up $1.6 million quarter over quarter, excluding the credit for credit losses. For the first nine months, net income was $30.615 million versus $18.961 million in 2025.
The efficiency ratio was 56.11%, compared with 62.14% in the year-earlier quarter. Total loans receivable declined for a second consecutive quarter, which management attributed to payoffs of a few larger loans; it said origination levels remained reasonably strong. The board declared a regular quarterly cash dividend of $0.30 per share, an increase of $0.02, payable November 13, 2026, to shareholders of record November 2, 2026.
Citizens & Northern Corp. (CZNC) director Katherine W. Shattuck purchased 8 shares of Common Stock at $25.51 per share on October 2, 2026. The purchase was made under a written plan. Her reported direct holdings following the transaction were 10,719 shares.
Citizens & Northern Corp. director Frank G. Pellegrino purchased 245 shares of common stock at $25.51 per share on October 2, 2026, under a written plan that became effective May 1, 2026. He directly held 52,070 shares after the purchase.
CITIZENS & NORTHERN CORP (CZNC) reported a change to its corporate governance practices through an amendment to its By-laws. On September 18, 2026, the Board of Directors approved and adopted a revision to Section 2.3 governing regular Board meetings.
The new language states that regular meetings of the Board shall be held each month, or less frequently as the Board shall determine, at the corporation’s Wellsboro, Pennsylvania office or another location designated by the Board. The amended By-laws, effective immediately, are included as Exhibit 3.2 and incorporated by reference.
CITIZENS & NORTHERN CORP (CZNC) director Frank G. Pellegrino purchased 178 shares of common stock on September 4, 2026 at an average price of $26.17 per share in an open-market or private transaction. The purchase was made pursuant to a written trading plan that became effective May 1, 2026, bringing his directly held stake to 51,825 shares.
CITIZENS & NORTHERN CORP (CZNC) director Katherine W. Shattuck reported a small open-market purchase of 8 shares of common stock on September 4, 2026 at $26.1662 per share. Following this transaction, she directly holds 10,711 shares of CITIZENS & NORTHERN CORP common stock. The transaction was made pursuant to a Rule 10b5-1 trading plan that became effective May 1, 2026.
CITIZENS & NORTHERN CORP (CZNC) director Aaron K. Singer reported two acquisitions of common stock on August 14, 2026, both arising from the reinvestment of cash dividends under a dividend reinvestment plan. One transaction added 64 shares at $25.96 per share to shares held through a Spouse's IRA, bringing that indirect position to 5,940 shares. The other added 96 shares at $26.08 per share to his directly held account, increasing his direct ownership to 10,545 shares.
CITIZENS & NORTHERN CORP (CZNC) director Christian C. Trate reported selling 560 shares of common stock on 2026-08-03 at $25.2101 per share through an indirectly held trustee account, leaving 4,798 shares in that account. He also reports indirect holdings of 6,143 shares in a Beneficiary IRA and 98,102 shares directly owned, the direct position reflecting 70,360 shares that were previously held through a corporation and distributed to him in June 2026.
CITIZENS & NORTHERN CORP (CZNC) director Helen S. Santiago reported automatic acquisitions of common stock through a dividend reinvestment plan. On 2026-08-14, she acquired a total of 110 shares at $25.89 per share in three transactions, increasing her directly held position to 11,187 shares, with additional shares held indirectly as custodian.