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Friday, July 19, 2013

C&N Announces Second Quarter Financial Results

C&N Announces Second Quarter Financial Results

WELLSBORO, PA – Citizens & Northern Corporation (C&N) announced its unaudited, consolidated financial results for the three-month and six-month periods ended June 30, 2013.

Second quarter 2013 net income was $4,974,000, or $0.40 per basic and diluted share, up from $0.38 per share in the first quarter 2013 and down from $0.46 per share in the second quarter 2012. Net income for the six months ended June 30, 2013 totaled $9,680,000, or $0.78 per share, representing an annualized return on average assets of 1.56% and an annualized return on average equity of 10.57%. Net income for the first six months of 2013 was down from $0.92 per share for the first six months of 2012.

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1 comment :

Anonymous said...

With Agriculture always slipping away in the agricultural field, I believe that if Pennsylvania legalized the use for marijuana, agriculture would grow. Create a law which would stipulate that Agriculture can be restored where the sales made through state owned stores like liquor stores. Sell them like cigarettes tax them, and everyone makes out. The local, and state economy definitely would grow; both economically and agricultural.