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Complete financial analysis of Citizens & Northern Corporation (CZNC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Citizens & Northern Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Citizens & Northern Corporation (CZNC)
About Citizens & Northern Corporation
Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers. The company offers lending products include commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit; and deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits. It also offers wealth management services, including administration of trusts and estates, retirement plans, and other employee benefit plans, and investment management services; and a range of personal and commercial insurance products; mutual funds, annuities, educational savings accounts, and other investment products through registered agents. In addition, the company reinsures credit and mortgage, life and accident, and health insurance products. As of December 31, 2021, it had 31 branch offices, including 23 in the Northern tier/Northcentral region of Pennsylvania, 2 in the Southern tier of New York State, 4 in Southeastern Pennsylvania, and 2 in Southcentral Pennsylvania, as well as a lending office in Elmira, New York. The company was founded in 1864 and is based in Wellsboro, Pennsylvania.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 104.63M | 105.96M | 103.82M | 90.85M | 72.69M | 66.02M | 57.07M | 55.94M | 58.18M | 57.41M | 61.32M | 66.60M | 49.92M | 57.62M | 56.19M | 46.73M | 46.88M | 47.04M | 46.77M | 45.12M | 43.08M | 40.48M | 34.35M | 27.88M | 33.33M | 31.80M | 5.01M | 4.02M | 5.21M | 3.40M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 988.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 104.63M | 105.96M | 103.82M | 90.85M | 72.69M | 65.03M | 57.07M | 55.94M | 58.18M | 57.41M | 61.32M | 66.60M | 49.92M | 57.62M | 56.19M | 46.73M | 46.88M | 47.04M | 46.77M | 45.12M | 43.08M | 40.48M | 34.35M | 27.88M | 33.33M | 31.80M | 5.01M | 4.02M | 5.21M | 3.40M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 98.50% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 10.08M | 41.83M | 48.49M | 39.11M | 31.30M | 26.65M | 21.56M | 20.62M | 20.58M | 21.27M | 19.80M | 19.50M | 20.41M | 18.13M | 17.97M | 18.76M | 18.51M | 17.98M | 16.14M | 14.65M | 13.01M | 12.07M | 10.71M | 9.54M | 8.76M | 8.40M | 7.67M | 7.60M | 7.00M | 6.62M |
| Selling & Marketing | 49.55M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 59.63M | 41.83M | 48.49M | 39.11M | 31.30M | 26.65M | 21.56M | 20.62M | 20.58M | 21.27M | 19.80M | 19.50M | 20.41M | 18.13M | 17.97M | 18.76M | 18.51M | 17.98M | 16.14M | 14.65M | 13.01M | 12.07M | 10.71M | 9.54M | 8.76M | 8.40M | 7.67M | 7.60M | 7.00M | 6.62M |
| Other Expenses | 0.00 | -18.29M | -114.62M | -106.74M | -80.58M | -60.80M | -10.28M | -9.27M | 0.00 | 0.00 | 0.00 | -84.13M | -68.33M | 433.00K | 83.84M | -62.37M | -62.81M | -63.05M | -21.44M | -19.45M | -12.69M | -7.54M | -1.62M | 3.03M | -2.68M | -2.90M | 23.91M | 24.24M | 22.63M | 20.61M |
| Operating Expenses | 59.63M | 2.01M | -66.13M | -67.64M | -49.28M | -34.14M | 1.09M | 1.13M | 538.00K | 699.00K | 1.53M | -64.63M | -47.92M | 18.56M | 101.81M | -43.61M | -44.31M | -45.06M | -5.30M | -4.80M | 323.00K | 4.53M | 9.09M | 12.56M | 6.08M | 5.50M | 31.58M | 31.83M | 29.63M | 27.24M |
| Cost & Expenses | 59.63M | 2.01M | -66.13M | -67.64M | -49.28M | -34.14M | 1.09M | 1.13M | 538.00K | 699.00K | 1.53M | -64.63M | -47.92M | 18.56M | 101.81M | -43.61M | -44.31M | -45.06M | -5.30M | -4.80M | 323.00K | 4.53M | 9.09M | 12.56M | 6.08M | 5.50M | 31.58M | 31.83M | 29.63M | 27.24M |
| Interest Income | 113.50M | 92.65M | 84.50M | 77.16M | 64.77M | 50.33M | 45.86M | 44.10M | 44.52M | 46.01M | 48.91M | 56.63M | 61.26M | 62.11M | 67.38M | 74.24M | 70.22M | 64.46M | 61.11M | 57.92M | 55.22M | 57.29M | 55.14M | 52.16M | 48.42M | 48.40M | 48.27M | 47.92M | 45.18M | 42.31M |
| Interest Expense | 33.10M | 9.52M | 6.56M | 9.60M | 10.28M | 4.63M | 3.92M | 3.69M | 4.60M | 5.12M | 5.77M | 9.03M | 13.56M | 19.25M | 24.46M | 31.05M | 33.91M | 30.77M | 25.69M | 22.61M | 23.54M | 26.32M | 28.36M | 30.15M | 24.57M | 22.70M | 23.31M | 23.45M | 24.48M | 20.81M |
| Depreciation & Amortization | 0.00 | 2.83M | 2.67M | 2.52M | 1.97M | 1.76M | 1.64M | 1.60M | 1.91M | 1.98M | 2.23M | 2.11M | 2.19M | 2.53M | 3.14M | 3.44M | 3.29M | 2.78M | 2.48M | 1.67M | 1.31M | 1.05M | 1.32M | -1.41M | -866.00K | 400.00K | 723.00K | 764.00K | 735.00K | 627.00K |
| EBITDA | 0.00 | 34.74M | 39.82M | 25.19M | 25.16M | 28.02M | 22.23M | 22.52M | 23.54M | 24.59M | 26.63M | 0.00 | 34.24M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27.10M | 28.91M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 41.77% | 38.35% | 27.73% | 34.61% | 49.44% | 45.81% | 47.20% | 48.67% | 52.04% | 53.44% | 63.47% | 95.82% | 80.93% | -61.21% | 100.28% | 107.23% | 102.68% | 93.96% | 93.08% | 103.80% | 113.77% | 130.30% | 140.03% | 115.64% | 118.55% | 745.41% | 910.29% | 683.01% | 919.56% |
| Operating Income | 45.00M | 41.87M | 37.69M | 23.21M | 23.41M | 30.89M | 1.28M | 1.69M | 1.58M | 1.26M | 1.82M | 1.97M | 2.00M | 4.29M | 3.03M | 3.13M | 2.57M | 1.98M | 41.46M | 40.32M | 43.40M | 45.01M | 43.43M | 40.44M | 39.41M | 37.30M | 36.59M | 35.86M | 34.84M | 30.64M |
| Operating Income Ratio | 43.01% | 39.51% | 36.30% | 25.55% | 32.20% | 46.79% | 2.23% | 3.02% | 2.71% | 2.20% | 2.97% | 2.95% | 4.00% | 7.45% | 5.39% | 6.69% | 5.49% | 4.22% | 88.66% | 89.37% | 100.75% | 111.18% | 126.45% | 145.07% | 118.24% | 117.30% | 730.97% | 891.30% | 668.89% | 901.12% |
| Total Other Income/Expenses | -14.52M | -11.78M | -11.74M | -20.42M | -13.25M | -7.73M | -7.60M | -8.44M | -10.55M | -8.30M | -9.35M | -2.97M | -844.00K | -269.00K | -65.02M | -9.34M | 10.50M | 12.78M | -25.69M | -22.61M | -23.54M | -26.32M | -28.36M | -30.15M | -24.57M | -22.70M | -23.31M | -23.45M | -24.48M | -20.81M |
| Income Before Tax | 30.48M | 32.35M | 37.69M | 23.21M | 23.41M | 26.26M | 20.59M | 21.11M | 21.81M | 22.78M | 24.78M | 31.13M | 32.08M | 24.86M | -61.99M | 12.38M | 13.07M | 14.76M | 15.78M | 17.71M | 19.87M | 18.69M | 15.07M | 10.30M | 14.84M | 14.60M | 13.27M | 12.41M | 10.36M | 9.83M |
| Income Before Tax Ratio | 29.13% | 30.53% | 36.30% | 25.55% | 32.20% | 39.78% | 36.08% | 37.74% | 37.48% | 39.68% | 40.41% | 46.74% | 64.27% | 43.14% | -110.32% | 26.49% | 27.87% | 31.37% | 33.74% | 39.26% | 46.11% | 46.18% | 43.89% | 36.93% | 44.52% | 45.91% | 265.19% | 308.38% | 198.91% | 289.21% |
| Income Tax Expense | 6.34M | 5.73M | 7.13M | 3.99M | 3.91M | 4.25M | 7.16M | 5.35M | 5.34M | 5.69M | 6.18M | 8.43M | 8.71M | 5.80M | -22.66M | 2.32M | 2.64M | 2.77M | 2.79M | 2.85M | 3.61M | 3.73M | 3.02M | 1.82M | 3.35M | 3.50M | 3.17M | 3.15M | 2.49M | 2.34M |
| Net Income | 24.15M | 26.62M | 30.55M | 19.22M | 19.50M | 22.01M | 13.43M | 15.76M | 16.47M | 17.09M | 18.59M | 22.71M | 23.37M | 19.06M | -39.34M | 10.06M | 10.42M | 11.99M | 12.98M | 14.86M | 16.26M | 14.96M | 12.05M | 8.48M | 11.49M | 11.10M | 10.11M | 9.26M | 7.87M | 7.49M |
| Net Income Ratio | 23.08% | 25.12% | 29.43% | 21.16% | 26.83% | 33.34% | 23.54% | 28.18% | 28.31% | 29.76% | 30.32% | 34.09% | 46.81% | 33.07% | -70.00% | 21.52% | 22.24% | 25.48% | 27.76% | 32.94% | 37.74% | 36.95% | 35.09% | 30.40% | 34.46% | 34.91% | 201.94% | 230.05% | 151.04% | 220.41% |
| EPS | 1.57 | 1.71 | 1.92 | 1.30 | 1.46 | 1.80 | 1.10 | 1.30 | 1.35 | 1.38 | 1.51 | 1.86 | 1.92 | 1.45 | -4.24 | 1.12 | 1.19 | 1.41 | 1.52 | 1.75 | 1.93 | 1.78 | 1.40 | 0.99 | 1.36 | 1.30 | 1.19 | 1.09 | 0.93 | 0.88 |
| EPS Diluted | 1.57 | 1.71 | 1.92 | 1.30 | 1.46 | 1.80 | 1.10 | 1.30 | 1.35 | 1.38 | 1.50 | 1.85 | 1.92 | 1.45 | -4.24 | 1.12 | 1.19 | 1.41 | 1.51 | 1.74 | 1.92 | 1.77 | 1.40 | 0.99 | 1.35 | 1.29 | 1.19 | 1.09 | 0.93 | 0.88 |
| Weighted Avg Shares Out | 15.24M | 15.46M | 15.77M | 14.74M | 13.30M | 12.23M | 12.12M | 12.03M | 12.15M | 12.39M | 12.35M | 12.24M | 12.16M | 12.13M | 9.27M | 8.96M | 8.76M | 8.53M | 8.55M | 8.51M | 8.42M | 8.42M | 8.61M | 8.52M | 8.44M | 8.53M | 8.46M | 8.46M | 8.47M | 8.47M |
| Weighted Avg Shares Out (Dil) | 15.24M | 15.46M | 15.77M | 14.75M | 13.32M | 12.26M | 12.14M | 12.06M | 12.17M | 12.41M | 12.38M | 12.26M | 12.17M | 12.13M | 9.27M | 8.98M | 8.76M | 8.53M | 8.60M | 8.55M | 8.46M | 8.45M | 8.61M | 8.52M | 8.48M | 8.57M | 8.50M | 8.46M | 8.47M | 8.47M |
Is the Options Market Predicting a Spike in Citizens & Northern (CZNC) Stock?
Investors need to pay close attention to Citizens & Northern (CZNC) stock based on the movements in the options market lately.
C&N Boosts Efficiency for Businesses with Clover®
WELLSBORO, Pa. , Oct. 25, 2024 /PRNewswire/ -- (Citizens & Northern Corporation, NASDAQ: CZNC) – C&N has partnered with Clover®, a leader in point of sale (POS) technology aimed at providing local businesses with powerful, integrated POS solutions.
C&N Teammates are "Standing Strong Against Cancer"
WELLSBORO, Pa. , Oct. 18, 2024 /PRNewswire/ -- (Citizens & Northern Corporation, NASDAQ: CZNC) - C&N's Giving Back, Giving Together program is making a difference again this year with its Standing Strong Against Cancer initiative.
Citizens & Northern (CZNC) Q3 Earnings and Revenues Lag Estimates
Citizens & Northern (CZNC) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.50 per share a year ago.
How to Protect Your Money in a Digital World
WELLSBORO, Pa. , July 22, 2024 /PRNewswire/ -- (Citizens & Northern Corporation, NASDAQ: CZNC) -- In today's digital age, protecting yourself online is paramount.
Citizens & Northern (CZNC) Surges 6.3%: Is This an Indication of Further Gains?
Citizens & Northern (CZNC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
C&N Teams Raise Over $98,000 for Local Senior Citizens
WELLSBORO, Pa. , June 21, 2024 /PRNewswire/ -- (Citizens & Northern Corporation, NASDAQ: CZNC) – C&N, a leading community-oriented financial services institution, is proud to announce the results of its 2023 Giving Back, Giving Together program.
Citizens & Northern (CZNC) Q4 Earnings and Revenues Lag Estimates
Citizens & Northern (CZNC) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.50 per share a year ago.
Highly-Ranked Finance Stocks to Buy for Income
At the moment quite a few financial stocks currently hold spots on the Zacks Rank #1 (Strong Buy) list and offer dividend yields over 5%.
Analysts Estimate Citizens & Northern (CZNC) to Report a Decline in Earnings: What to Look Out for
Citizens & Northern (CZNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Source: https://incomestatements.info
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