Citizens & Northern Corporation (CZNC) Income Statement Analysis

See more : Kenorland Minerals Ltd. (KLDCF) Income Statement Analysis – Financial Results

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)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.cnbankpa.com

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

Citizens & Northern Corporation: Bank With 4.3% Dividend And Growth Potential

October 15, 2021seekingalpha.com

CZNC's revenue has been steadily rising for the past 5 years (10.28% on average), and it recently accelerated (34.71%). They have a healthy balance sheet with a strong operating cash flow.

Dividend Income Summary: Lanny's August 2021 Summary

September 6, 2021seekingalpha.com

In August, my wife and I received a total of $1,307.71 of dividend income. We crossed one thousand dollars again in an off-month. Another strong month of dividend income, and the 4-digit mark is becoming more and more consistent. Despite...

Citizens & Northern (CZNC) Earnings Expected to Grow: What to Know Ahead of Q2 Release

July 29, 2021zacks.com

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.

Top Ranked Income Stocks to Buy for July 29th

July 29, 2021zacks.com

CZNC, UMPQ, NBTB, and OPBK made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 29, 2021

Dividend Income Summary: Bert's May 2021 Summary

June 18, 2021seekingalpha.com

In May, we received $581.67 in dividend income! This was a 32.19% year over year increase compared to May 2020. Until the dividend cut is finalized, we are still receiving a boatload of dividend income from AT&T.

Citizens & Northern (CZNC) Is a Great Choice for "Trend" Investors, Here's Why

May 17, 2021zacks.com

Citizens & Northern (CZNC) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.