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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 |
Unlocking Financial Freedom: The Power of Flex CDs in Today's Economy
WELLSBORO, Pa. , Nov. 27, 2023 /PRNewswire/ -- (Citizens & Northern Corporation, NASDAQ: CZNC) -- In a world where financial stability and growth are paramount, savvy investors are constantly on the lookout for opportunities that can not only protect their...
Citizens & Northern (CZNC) to Report Q3 Results: Wall Street Expects Earnings Growth
Citizens & Northern (CZNC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Bert's August 2023 Dividend Income Summary
We invest in dividend stocks to grow passive income and eventually cover monthly expenses for early retirement. We use a stock screener to find undervalued stocks with a strong payout ratio and a history of increasing dividends. In August, we...
Earnings Preview: Citizens & Northern (CZNC) Q2 Earnings Expected to Decline
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.
Dividend Income Summary: Lanny's February 2023 Summary
Investing in dividend stocks allows you to earn dividend income, the best passive income stream. As I stated in my December 2022 post, 2022 finished off down, ending up below 3,900! The market was down 20% for 2022.
Bert's November Dividend Income Summary
We save a high percentage of our income each month, to help fuel our dividend stock portfolio. We received $855.31 in November dividend income. This was an 11.93% increase compared to November 2021.
Citizens & Northern (CZNC) Is a Great Choice for "Trend" Investors, Here's Why
Citizens & Northern (CZNC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
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.
Here's What Could Help Citizens & Northern (CZNC) Maintain Its Recent Price Strength
Citizens & Northern (CZNC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Earnings Preview: Citizens & Northern (CZNC) Q3 Earnings Expected to Decline
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
Category: Stock Reports