See more : SOL S.p.A. (SOL.MI) 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)
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 |
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