Citizens & Northern (CZNC) Financials

$18.60 -0.12 (-0.66%)

As of 11:05 AM Eastern

Annual Income Statements for Citizens & Northern

This table shows Citizens & Northern's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	26	24	27
Consolidated Net Income / (Loss)	26	24	27
Net Income / (Loss) Continuing Operations	26	24	27
Total Pre-Tax Income	32	30	32
Total Revenue	108	105	108
Net Interest Income / (Expense)	79	80	83
Total Interest Income	128	114	93
Loans and Leases Interest Income	113	101	81
Investment Securities Interest Income	15	12	12
Total Interest Expense	49	33	9.52
Deposits Interest Expense	39	24	6.64
Short-Term Borrowings Interest Expense	1.17	3.24	0.43
Long-Term Debt Interest Expense	8.60	5.63	2.45
Total Non-Interest Income	29	24	24
Trust Fees by Commissions	10	9.09	9.29
Other Service Charges	5.23	4.61	14
Net Realized & Unrealized Capital Gains on Investments	1.16	-2.31	0.78
Other Non-Interest Income	13	13	0.55
Provision for Credit Losses	2.20	0.19	7.26
Total Non-Interest Expense	74	74	68
Salaries and Employee Benefits	45	44	42
Net Occupancy & Equipment Expense	13	13	12
Other Operating Expenses	16	17	14
Income Tax Expense	5.91	6.34	5.73
Basic Earnings per Share	$1.69	$1.57	$1.71
Weighted Average Basic Shares Outstanding	15.47M	15.38M	15.56M
Diluted Earnings per Share	$1.69	$1.57	$1.71
Weighted Average Diluted Shares Outstanding	15.47M	15.38M	15.56M
Weighted Average Basic & Diluted Shares Outstanding	15.47M	15.38M	15.56M

This table shows Citizens & Northern's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	8.17	6.37	6.11	5.31	4.26	7.59	6.04	6.25	7.78	4.46
Consolidated Net Income / (Loss)	8.17	6.37	6.11	5.31	4.26	7.59	6.04	6.25	7.78	4.46
Net Income / (Loss) Continuing Operations	8.17	6.37	6.11	5.31	4.26	7.59	6.04	6.25	7.78	4.46
Total Pre-Tax Income	10	7.81	7.48	6.46	5.92	9.44	7.46	7.66	9.55	5.31
Total Revenue	28	27	27	26	25	26	27	26	28	27
Net Interest Income / (Expense)	20	20	19	19	20	20	20	21	22	21
Total Interest Income	33	33	31	30	30	29	28	26	26	24
Loans and Leases Interest Income	29	29	28	27	27	26	25	23	23	21
Investment Securities Interest Income	4.58	4.38	3.24	3.09	3.17	3.04	3.09	3.14	3.28	3.12
Total Interest Expense	13	13	12	11	11	9.46	7.65	5.36	3.56	2.83
Deposits Interest Expense	11	10	9.31	8.89	8.64	7.26	5.10	3.23	2.63	1.97
Short-Term Borrowings Interest Expense	0.03	0.18	0.36	0.60	0.32	0.68	1.14	1.10	0.13	0.18
Long-Term Debt Interest Expense	2.25	2.34	2.21	1.81	1.68	1.51	1.41	1.03	0.81	0.68
Total Non-Interest Income	7.55	7.13	7.85	6.68	5.68	6.49	6.63	5.62	6.11	5.67
Trust Fees by Commissions	2.75	2.47	2.54	2.44	2.40	2.31	2.17	2.21	7.50	0.70
Other Service Charges	-4.14	3.85	1.94	3.58	-3.84	1.08	4.18	3.19	2.64	4.69
Net Realized & Unrealized Capital Gains on Investments	0.37	0.36	0.24	0.19	-2.77	0.24	0.14	0.08	0.02	0.15
Other Non-Interest Income	8.56	0.46	3.14	0.47	9.89	2.86	0.15	0.14	-4.05	0.13
Provision for Credit Losses	-0.53	1.21	0.57	0.95	0.95	-1.23	0.81	-0.35	2.26	3.79
Total Non-Interest Expense	18	18	19	18	18	18	19	19	17	17
Salaries and Employee Benefits	11	11	11	12	11	11	11	11	10	11
Net Occupancy & Equipment Expense	3.20	3.26	3.34	3.44	3.29	3.09	3.22	3.34	3.06	3.22
Other Operating Expenses	3.76	4.14	4.90	3.30	4.00	3.97	4.72	4.32	3.39	3.40
Income Tax Expense	1.95	1.45	1.37	1.15	1.66	1.85	1.42	1.41	1.77	0.86
Basic Earnings per Share	$0.53	$0.41	$0.40	$0.35	$0.28	$0.50	$0.39	$0.40	$0.50	$0.29
Weighted Average Basic Shares Outstanding	15.47M	15.41M	15.39M	15.38M	15.38M	15.27M	15.26M	15.36M	15.56M	15.50M
Diluted Earnings per Share	$0.53	$0.41	$0.40	$0.35	$0.28	$0.50	$0.39	$0.40	$0.50	$0.29
Weighted Average Diluted Shares Outstanding	15.47M	15.41M	15.39M	15.38M	15.38M	15.27M	15.26M	15.36M	15.56M	15.50M
Weighted Average Basic & Diluted Shares Outstanding	15.47M	15.41M	15.39M	15.38M	15.38M	15.27M	15.26M	15.36M	15.56M	15.50M

This table details how cash moves in and out of Citizens & Northern's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	71	5.08	-48
Net Cash From Operating Activities	33	34	35
Net Cash From Continuing Operating Activities	33	34	35
Net Income / (Loss) Continuing Operations	26	24	27
Consolidated Net Income / (Loss)	26	24	27
Provision For Loan Losses	2.20	0.19	7.26
Depreciation Expense	2.18	2.15	2.39
Amortization Expense	1.65	1.77	1.58
Non-Cash Adjustments to Reconcile Net Income	-3.92	2.53	0.88
Changes in Operating Assets and Liabilities, net	4.98	2.76	-4.12
Net Cash From Investing Activities	-21	-53	-235
Net Cash From Continuing Investing Activities	-21	-53	-235
Purchase of Property, Leasehold Improvements and Equipment	-1.91	-2.27	-3.29
Purchase of Investment Securities	-81	-191	-308
Sale and/or Maturity of Investments	55	117	65
Other Investing Activities, net	7.01	23	12
Net Cash From Financing Activities	59	25	152
Net Cash From Continuing Financing Activities	59	25	152
Net Change in Deposits	79	17	73
Issuance of Debt	59	39	50
Issuance of Common Equity	0.00	0.00	0.16
Repayment of Debt	-64	-9.40	54
Repurchase of Common Equity	-0.63	-6.78	-9.35
Payment of Dividends	-16	-16	-16

This table details how cash moves in and out of Citizens & Northern's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-58	85	54	-10	4.47	2.15	0.05	-1.59	-7.75	-4.89
Net Cash From Operating Activities	12	6.60	8.63	5.73	7.75	8.46	7.79	9.55	8.06	13
Net Cash From Continuing Operating Activities	12	6.60	8.63	5.73	7.75	8.46	7.79	9.55	8.06	13
Net Income / (Loss) Continuing Operations	8.17	6.37	6.11	5.31	4.26	7.59	6.04	6.25	7.78	4.46
Consolidated Net Income / (Loss)	8.17	6.37	6.11	5.31	4.26	7.59	6.04	6.25	7.78	4.46
Provision For Loan Losses	-0.53	1.21	0.57	0.95	0.95	-1.23	0.81	-0.35	2.26	3.79
Depreciation Expense	0.55	0.58	0.55	0.51	0.52	0.53	0.53	0.57	0.61	0.77
Amortization Expense	0.38	0.41	0.43	0.43	0.42	0.48	0.35	0.53	0.42	0.49
Non-Cash Adjustments to Reconcile Net Income	0.67	-3.04	-1.64	0.09	2.25	-0.39	0.25	0.42	-0.81	1.80
Changes in Operating Assets and Liabilities, net	2.83	1.08	2.63	-1.56	-0.65	1.47	-0.19	2.13	-2.21	1.22
Net Cash From Investing Activities	-5.92	22	-18	-19	-13	-19	-48	27	-54	-20
Net Cash From Continuing Investing Activities	-5.92	22	-18	-19	-13	-19	-48	27	-54	-20
Purchase of Property, Leasehold Improvements and Equipment	-0.35	-0.15	-0.66	-0.74	-0.88	-0.83	-0.28	-0.28	-0.30	-0.83
Purchase of Investment Securities	-17	-4.40	-32	-28	-86	-15	-77	-12	-65	-50
Sale and/or Maturity of Investments	11	26	11	7.48	51	11	20	35	9.96	25
Other Investing Activities, net	1.02	0.75	2.54	2.70	23	-13	9.34	3.63	0.84	6.00
Net Cash From Financing Activities	-64	56	64	2.46	9.57	13	40	-38	39	2.29
Net Cash From Continuing Financing Activities	-64	56	64	2.46	9.57	13	40	-38	39	2.29
Net Change in Deposits	-42	77	63	-19	-10	15	94	-82	-42	75
Repayment of Debt	-18	-16	-23	-6.03	54	-8.20	-62	6.31	74	-0.03
Repurchase of Common Equity	0.03	-0.06	-0.38	-0.21	-0.07	-0.22	-4.64	-1.87	-	-0.27
Payment of Dividends	-3.89	-3.88	-3.88	-3.88	-3.87	-3.85	-3.90	-3.95	-3.94	-3.94

This table presents Citizens & Northern's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	2,611	2,516	2,454
Cash and Due from Banks	21	25	26
Interest Bearing Deposits at Other Banks	105	32	29
Trading Account Securities	402	416	498
Loans and Leases, Net of Allowance	1,876	1,829	1,723
Loans and Leases	1,896	1,848	1,740
Allowance for Loan and Lease Losses	20	19	17
Accrued Investment Income	8.74	9.14	8.65
Premises and Equipment, Net	21	22	22
Goodwill	53	53	53
Intangible Assets	2.08	2.47	2.88
Other Assets	122	128	92
Total Liabilities & Shareholders' Equity	2,611	2,516	2,454
Total Liabilities	2,335	2,253	2,205
Non-Interest Bearing Deposits	487	491	564
Interest Bearing Deposits	1,607	1,524	1,434
Short-Term Debt	2.49	34	80
Long-Term Debt	205	178	102
Other Long-Term Liabilities	34	27	26
Total Equity & Noncontrolling Interests	275	262	249
Total Preferred & Common Equity	275	262	249
Preferred Stock	0.00	0.00	0.00
Total Common Equity	275	262	249
Common Stock	160	160	160
Retained Earnings	166	157	152
Treasury Stock	-13	-17	-13
Accumulated Other Comprehensive Income / (Loss)	-37	-38	-50

This table presents Citizens & Northern's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,671	2,593	2,522	2,484	2,471	2,430	2,400
Cash and Due from Banks	26	27	18	26	25	23	31
Interest Bearing Deposits at Other Banks	159	74	28	27	27	29	33
Trading Account Securities	408	401	405	429	446	473	488
Loans and Leases, Net of Allowance	1,872	1,873	1,852	1,813	1,795	1,727	1,674
Loans and Leases	1,893	1,893	1,872	1,831	1,815	1,745	1,690
Allowance for Loan and Lease Losses	20	20	20	18	19	18	16
Accrued Investment Income	9.42	9.17	9.47	9.31	8.44	8.81	8.43
Premises and Equipment, Net	22	22	22	21	21	21	22
Goodwill	53	53	53	53	53	53	53
Intangible Assets	2.18	2.27	2.37	2.57	2.67	2.78	2.99
Other Assets	120	133	131	104	93	1,819	88
Total Liabilities & Shareholders' Equity	2,671	2,593	2,522	2,484	2,471	2,430	2,400
Total Liabilities	2,394	2,330	2,260	2,244	2,223	2,174	2,161
Non-Interest Bearing Deposits	513	502	494	496	510	545	558
Interest Bearing Deposits	1,623	1,558	1,502	1,529	1,500	1,371	1,482
Short-Term Debt	11	17	49	23	31	93	2.46
Long-Term Debt	214	225	188	165	155	138	95
Other Long-Term Liabilities	32	28	27	31	26	27	25
Total Equity & Noncontrolling Interests	277	263	262	240	248	256	239
Total Preferred & Common Equity	277	263	262	240	248	256	239
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	277	263	262	240	248	256	239
Common Stock	159	159	159	160	160	159	160
Retained Earnings	162	160	158	157	154	152	148
Treasury Stock	-14	-15	-15	-17	-17	-13	-13
Accumulated Other Comprehensive Income / (Loss)	-30	-41	-41	-60	-48	-43	-56

This table displays calculated financial ratios and metrics derived from Citizens & Northern's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	3.35%	-2.55%	3.60%
EBITDA Growth	3.75%	-5.26%	-13.57%
EBIT Growth	4.55%	-5.77%	-14.16%
NOPAT Growth	7.50%	-9.28%	-12.88%
Net Income Growth	7.50%	-9.28%	-12.88%
EPS Growth	7.64%	-8.19%	-10.94%
Operating Cash Flow Growth	-1.53%	-3.04%	-0.70%
Free Cash Flow Firm Growth	190.78%	26.02%	-160.02%
Invested Capital Growth	1.86%	9.98%	13.76%
Revenue Q/Q Growth	2.60%	-2.90%	2.16%
EBITDA Q/Q Growth	12.28%	-12.48%	1.17%
EBIT Q/Q Growth	15.17%	-10.64%	1.78%
NOPAT Q/Q Growth	17.75%	-12.72%	1.80%
Net Income Q/Q Growth	17.75%	-12.72%	1.80%
EPS Q/Q Growth	17.36%	-12.29%	2.40%
Operating Cash Flow Q/Q Growth	15.08%	-0.92%	-4.55%
Free Cash Flow Firm Q/Q Growth	132.50%	70.73%	-132.84%
Invested Capital Q/Q Growth	-3.99%	10.72%	28.29%
Profitability Metrics	-	-	-
EBITDA Margin	32.96%	32.83%	33.77%
EBIT Margin	29.42%	29.08%	30.08%
Profit (Net Income) Margin	23.96%	23.04%	24.75%
Tax Burden Percent	81.45%	79.22%	82.28%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	18.55%	20.78%	17.72%
Return on Invested Capital (ROIC)	5.42%	5.34%	6.57%
ROIC Less NNEP Spread (ROIC-NNEP)	5.42%	5.34%	6.57%
Return on Net Nonoperating Assets (RNNOA)	4.23%	4.10%	3.09%
Return on Equity (ROE)	9.66%	9.44%	9.67%
Cash Return on Invested Capital (CROIC)	3.58%	-4.17%	-6.30%
Operating Return on Assets (OROA)	1.24%	1.23%	1.35%
Return on Assets (ROA)	1.01%	0.97%	1.11%
Return on Common Equity (ROCE)	9.66%	9.44%	9.67%
Return on Equity Simple (ROE_SIMPLE)	9.43%	9.20%	10.68%
Net Operating Profit after Tax (NOPAT)	26	24	27
NOPAT Margin	23.96%	23.04%	24.75%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	53.70%	54.51%	50.36%
Operating Expenses to Revenue	68.55%	70.74%	63.18%
Earnings before Interest and Taxes (EBIT)	32	30	32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	36	34	36
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.03	1.22	1.25
Price to Tangible Book Value (P/TBV)	1.28	1.54	1.61
Price to Revenue (P/Rev)	2.61	3.05	2.91
Price to Earnings (P/E)	10.90	13.23	11.74
Dividend Yield	6.10%	5.36%	5.55%
Earnings Yield	9.17%	7.56%	8.51%
Enterprise Value to Invested Capital (EV/IC)	0.75	1.00	1.02
Enterprise Value to Revenue (EV/Rev)	3.36	4.52	4.08
Enterprise Value to EBITDA (EV/EBITDA)	10.21	13.78	12.10
Enterprise Value to EBIT (EV/EBIT)	11.43	15.56	13.58
Enterprise Value to NOPAT (EV/NOPAT)	14.04	19.64	16.51
Enterprise Value to Operating Cash Flow (EV/OCF)	11.03	14.14	12.70
Enterprise Value to Free Cash Flow (EV/FCFF)	21.26	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.75	0.81	0.73
Long-Term Debt to Equity	0.75	0.68	0.41
Financial Leverage	0.78	0.77	0.47
Leverage Ratio	9.53	9.71	8.68
Compound Leverage Factor	9.53	9.71	8.68
Debt to Total Capital	43.00%	44.66%	42.17%
Short-Term Debt to Total Capital	0.52%	7.14%	18.57%
Long-Term Debt to Total Capital	42.48%	37.52%	23.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.00%	55.34%	57.83%
Debt to EBITDA	5.82	6.15	5.01
Net Debt to EBITDA	2.28	4.50	3.49
Long-Term Debt to EBITDA	5.75	5.17	2.80
Debt to NOPAT	8.00	8.77	6.83
Net Debt to NOPAT	3.14	6.41	4.76
Long-Term Debt to NOPAT	7.90	7.37	3.82
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	17	-19	-26
Operating Cash Flow to CapEx	1,733.21%	1,481.15%	1,052.28%
Free Cash Flow to Firm to Interest Expense	0.35	-0.57	-2.68
Operating Cash Flow to Interest Expense	0.67	1.01	3.63
Operating Cash Flow Less CapEx to Interest Expense	0.64	0.95	3.29
Efficiency Ratios	-	-	-
Asset Turnover	0.04	0.04	0.05
Fixed Asset Turnover	5.04	4.85	5.09
Capital & Investment Metrics	-	-	-
Invested Capital	483	474	431
Invested Capital Turnover	0.23	0.23	0.27
Increase / (Decrease) in Invested Capital	8.81	43	52
Enterprise Value (EV)	364	474	439
Market Capitalization	283	319	313
Book Value per Share	$17.86	$17.18	$16.09
Tangible Book Value per Share	$14.32	$13.58	$12.51
Total Capital	483	474	431
Total Debt	208	212	182
Total Long-Term Debt	205	178	102
Net Debt	81	155	127
Capital Expenditures (CapEx)	1.91	2.27	3.29
Net Nonoperating Expense (NNE)	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	208	212	182
Total Depreciation and Amortization (D&A)	3.83	3.93	3.97
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.69	$1.57	$1.71
Adjusted Weighted Average Basic Shares Outstanding	15.47M	15.38M	15.56M
Adjusted Diluted Earnings per Share	$1.69	$1.57	$1.71
Adjusted Weighted Average Diluted Shares Outstanding	15.47M	15.38M	15.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.47M	15.38M	15.56M
Normalized Net Operating Profit after Tax (NOPAT)	26	24	27
Normalized NOPAT Margin	23.96%	23.04%	24.75%
Pre Tax Income Margin	29.42%	29.08%	30.08%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.65	0.92	3.40
NOPAT to Interest Expense	0.53	0.73	2.80
EBIT Less CapEx to Interest Expense	0.61	0.85	3.05
NOPAT Less CapEx to Interest Expense	0.49	0.66	2.45
Payout Ratios	-	-	-
Dividend Payout Ratio	59.83%	64.47%	59.60%
Augmented Payout Ratio	62.25%	92.57%	94.73%

This table displays calculated financial ratios and metrics derived from Citizens & Northern's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.87%	4.35%	1.12%	-2.58%	-11.02%	-1.50%	2.05%	0.93%	8.69%	2.74%
EBITDA Growth	61.14%	-15.76%	1.27%	-15.53%	-35.22%	58.97%	-12.75%	-8.72%	4.13%	-42.45%
EBIT Growth	70.91%	-17.21%	0.23%	-15.71%	-38.00%	77.62%	-18.06%	-8.55%	6.31%	-40.74%
NOPAT Growth	91.83%	-16.15%	1.16%	-15.14%	-45.22%	70.39%	-19.31%	-9.31%	6.45%	-39.79%
Net Income Growth	91.83%	-16.15%	1.16%	-15.14%	-45.22%	70.39%	-19.31%	-9.31%	6.45%	-39.79%
EPS Growth	89.29%	-18.00%	2.56%	-12.50%	-44.00%	72.41%	-18.75%	-9.09%	8.70%	-38.30%
Operating Cash Flow Growth	55.87%	-21.99%	10.76%	-40.00%	-3.86%	-32.47%	-6.87%	69.07%	-17.00%	28.79%
Free Cash Flow Firm Growth	98.35%	19.12%	-1,762.97%	95.13%	12.61%	-250.96%	81.66%	-463.74%	-330.04%	-26.56%
Invested Capital Growth	1.86%	17.47%	16.38%	2.43%	9.98%	27.44%	2.24%	40.41%	13.76%	-13.31%
Revenue Q/Q Growth	2.68%	-0.04%	6.16%	1.76%	-3.36%	-3.13%	2.27%	-7.06%	6.97%	0.36%
EBITDA Q/Q Growth	25.57%	4.09%	14.20%	6.55%	-34.35%	25.14%	-4.75%	-25.52%	61.08%	-31.32%
EBIT Q/Q Growth	29.54%	4.47%	15.81%	9.05%	-37.25%	26.47%	-2.61%	-19.79%	79.79%	-41.66%
NOPAT Q/Q Growth	28.42%	4.12%	15.21%	24.52%	-43.87%	25.62%	-3.36%	-19.62%	74.61%	-40.51%
Net Income Q/Q Growth	28.42%	4.12%	15.21%	24.52%	-43.87%	25.62%	-3.36%	-19.62%	74.61%	-40.51%
EPS Q/Q Growth	29.27%	2.50%	14.29%	25.00%	-44.00%	28.21%	-2.50%	-20.00%	72.41%	-39.58%
Operating Cash Flow Q/Q Growth	83.01%	-23.57%	50.69%	-26.05%	-8.41%	8.52%	-18.38%	18.50%	-35.66%	49.65%
Free Cash Flow Firm Q/Q Growth	99.07%	-5.28%	-897.22%	83.19%	54.17%	-2,324.99%	97.40%	-201.88%	-179.16%	394.53%
Invested Capital Q/Q Growth	-3.99%	-0.47%	1.30%	5.22%	10.72%	-1.39%	-10.84%	12.98%	28.29%	-20.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	39.43%	32.24%	30.96%	28.78%	27.13%	39.94%	30.92%	33.19%	37.26%	24.75%
EBIT Margin	36.12%	28.63%	27.40%	25.11%	23.43%	36.09%	27.64%	29.03%	33.63%	20.01%
Profit (Net Income) Margin	29.17%	23.32%	22.39%	20.63%	16.86%	29.03%	22.38%	23.69%	27.39%	16.78%
Tax Burden Percent	80.76%	81.47%	81.74%	82.16%	71.95%	80.44%	80.98%	81.61%	81.44%	83.85%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	19.24%	18.53%	18.26%	17.84%	28.05%	19.56%	19.02%	18.39%	18.56%	16.15%
Return on Invested Capital (ROIC)	6.60%	5.29%	4.98%	4.36%	3.90%	8.20%	5.65%	6.12%	7.27%	4.88%
ROIC Less NNEP Spread (ROIC-NNEP)	6.60%	5.29%	4.98%	4.36%	3.90%	8.20%	5.65%	6.12%	7.27%	4.88%
Return on Net Nonoperating Assets (RNNOA)	5.15%	4.23%	4.17%	3.95%	3.00%	4.88%	3.93%	3.48%	3.43%	1.68%
Return on Equity (ROE)	11.75%	9.52%	9.15%	8.31%	6.91%	13.08%	9.57%	9.60%	10.70%	6.57%
Cash Return on Invested Capital (CROIC)	3.58%	-11.33%	-10.18%	2.31%	-4.17%	-16.89%	3.49%	-27.39%	-6.30%	21.48%
Operating Return on Assets (OROA)	1.53%	1.17%	1.13%	1.06%	0.99%	1.60%	1.23%	1.31%	1.51%	0.89%
Return on Assets (ROA)	1.23%	0.96%	0.92%	0.87%	0.71%	1.28%	0.99%	1.07%	1.23%	0.74%
Return on Common Equity (ROCE)	11.75%	9.52%	9.15%	8.31%	6.91%	13.08%	9.57%	9.60%	10.70%	6.57%
Return on Equity Simple (ROE_SIMPLE)	0.00%	7.95%	8.84%	8.87%	0.00%	11.52%	9.89%	10.16%	0.00%	10.95%
Net Operating Profit after Tax (NOPAT)	8.17	6.37	6.11	5.31	4.26	7.59	6.04	6.25	7.78	4.46
NOPAT Margin	29.17%	23.32%	22.39%	20.63%	16.86%	29.03%	22.38%	23.69%	27.39%	16.78%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	52.37%	51.79%	52.60%	58.35%	56.98%	53.41%	51.86%	55.93%	46.46%	52.89%
Operating Expenses to Revenue	65.77%	66.95%	70.53%	71.18%	72.80%	68.60%	69.35%	72.31%	58.40%	65.70%
Earnings before Interest and Taxes (EBIT)	10	7.81	7.48	6.46	5.92	9.44	7.46	7.66	9.55	5.31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	11	8.80	8.45	7.40	6.86	10	8.35	8.76	11	6.57
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.03	1.08	1.03	1.09	1.22	1.04	1.11	1.21	1.25	0.00
Price to Tangible Book Value (P/TBV)	1.28	1.34	1.30	1.37	1.54	1.35	1.43	1.55	1.61	0.00
Price to Revenue (P/Rev)	2.61	2.83	2.60	2.73	3.05	2.31	2.55	2.87	2.91	0.00
Price to Earnings (P/E)	10.90	13.55	11.67	12.25	13.23	9.00	11.26	11.92	11.74	0.01
Dividend Yield	6.10%	5.77%	6.34%	6.06%	5.36%	6.86%	6.23%	5.63%	5.55%	5.02%
Earnings Yield	9.17%	7.38%	8.57%	8.16%	7.56%	11.11%	8.88%	8.39%	8.51%	7,558.42%
Enterprise Value to Invested Capital (EV/IC)	0.75	0.68	0.82	0.95	1.00	0.90	0.95	1.00	1.02	0.10
Enterprise Value to Revenue (EV/Rev)	3.36	3.22	3.96	4.56	4.52	3.56	3.79	4.54	4.08	0.32
Enterprise Value to EBITDA (EV/EBITDA)	10.21	10.70	12.36	14.25	13.78	9.78	11.59	13.34	12.10	0.93
Enterprise Value to EBIT (EV/EBIT)	11.43	12.29	14.11	16.23	15.56	11.27	13.69	15.45	13.58	1.06
Enterprise Value to NOPAT (EV/NOPAT)	14.04	15.43	17.76	20.48	19.64	13.90	16.74	18.82	16.51	1.28
Enterprise Value to Operating Cash Flow (EV/OCF)	11.03	11.85	13.52	15.98	14.14	11.35	10.83	12.70	12.70	0.93
Enterprise Value to Free Cash Flow (EV/FCFF)	21.26	0.00	0.00	41.76	0.00	0.00	27.38	0.00	0.00	0.43
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.75	0.81	0.92	0.91	0.81	0.78	0.75	0.91	0.73	0.41
Long-Term Debt to Equity	0.75	0.77	0.86	0.72	0.68	0.69	0.62	0.54	0.41	0.40
Financial Leverage	0.78	0.80	0.84	0.91	0.77	0.60	0.70	0.57	0.47	0.34
Leverage Ratio	9.53	9.96	9.90	9.57	9.71	10.20	9.63	8.95	8.68	8.84
Compound Leverage Factor	9.53	9.96	9.90	9.57	9.71	10.20	9.63	8.95	8.68	8.84
Debt to Total Capital	43.00%	44.87%	47.92%	47.55%	44.66%	43.91%	42.87%	47.53%	42.17%	28.94%
Short-Term Debt to Total Capital	0.52%	2.27%	3.34%	9.79%	7.14%	5.43%	7.24%	19.17%	18.57%	0.73%
Long-Term Debt to Total Capital	42.48%	42.60%	44.58%	37.77%	37.52%	38.48%	35.63%	28.36%	23.59%	28.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.00%	55.13%	52.08%	52.45%	55.34%	56.09%	57.13%	52.47%	57.83%	71.06%
Debt to EBITDA	5.82	7.10	7.24	7.12	6.15	4.78	5.25	6.31	5.01	2.71
Net Debt to EBITDA	2.28	1.31	4.24	5.72	4.50	3.44	3.79	4.89	3.49	0.93
Long-Term Debt to EBITDA	5.75	6.74	6.74	5.65	5.17	4.19	4.37	3.77	2.80	2.64
Debt to NOPAT	8.00	10.24	10.41	10.23	8.77	6.80	7.59	8.91	6.83	3.72
Net Debt to NOPAT	3.14	1.88	6.09	8.22	6.41	4.89	5.48	6.90	4.76	1.27
Long-Term Debt to NOPAT	7.90	9.72	9.68	8.12	7.37	5.96	6.31	5.32	3.82	3.63
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-0.64	-68	-65	-6.52	-39	-85	-3.49	-134	-44	56
Operating Cash Flow to CapEx	3,430.40%	4,398.67%	1,308.03%	770.03%	876.36%	1,019.04%	2,834.18%	3,459.78%	2,668.21%	1,518.06%
Free Cash Flow to Firm to Interest Expense	-0.05	-5.29	-5.47	-0.58	-3.64	-8.95	-0.46	-25.00	-12.45	19.80
Operating Cash Flow to Interest Expense	0.94	0.51	0.73	0.51	0.73	0.89	1.02	1.78	2.26	4.42
Operating Cash Flow Less CapEx to Interest Expense	0.91	0.50	0.67	0.44	0.64	0.81	0.98	1.73	2.18	4.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.05	0.04
Fixed Asset Turnover	5.04	4.93	4.86	4.83	4.85	5.00	5.06	5.08	5.09	4.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	483	503	505	499	474	428	434	487	431	336
Invested Capital Turnover	0.23	0.23	0.22	0.21	0.23	0.28	0.25	0.26	0.27	0.29
Increase / (Decrease) in Invested Capital	8.81	75	71	12	43	92	9.53	140	52	-52
Enterprise Value (EV)	364	340	413	475	474	384	411	489	439	34
Market Capitalization	283	299	272	284	319	249	276	310	313	0.35
Book Value per Share	$17.86	$18.02	$17.12	$17.01	$17.18	$15.74	$16.15	$16.42	$16.09	$15,412.70
Tangible Book Value per Share	$14.32	$14.46	$13.56	$13.45	$13.58	$12.13	$12.56	$12.87	$12.51	$11,830.96
Total Capital	483	503	505	499	474	428	434	487	431	336
Total Debt	208	226	242	237	212	188	186	232	182	97
Total Long-Term Debt	205	214	225	188	178	165	155	138	102	95
Net Debt	81	42	142	191	155	135	134	179	127	33
Capital Expenditures (CapEx)	0.35	0.15	0.66	0.74	0.88	0.83	0.28	0.28	0.30	0.83
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	208	226	242	237	212	188	186	232	182	97
Total Depreciation and Amortization (D&A)	0.93	0.99	0.97	0.94	0.93	1.01	0.88	1.10	1.03	1.26
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.53	$0.41	$0.40	$0.35	$0.28	$0.50	$0.39	$0.40	$0.50	$0.29
Adjusted Weighted Average Basic Shares Outstanding	15.47M	15.41M	15.39M	15.38M	15.38M	15.27M	15.26M	15.36M	15.56M	15.50M
Adjusted Diluted Earnings per Share	$0.53	$0.41	$0.40	$0.35	$0.28	$0.50	$0.39	$0.40	$0.50	$0.29
Adjusted Weighted Average Diluted Shares Outstanding	15.47M	15.41M	15.39M	15.38M	15.38M	15.27M	15.26M	15.36M	15.56M	15.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.47M	15.41M	15.39M	15.38M	15.38M	15.27M	15.26M	15.36M	15.56M	15.50M
Normalized Net Operating Profit after Tax (NOPAT)	8.17	6.37	6.11	5.31	4.26	7.59	6.04	6.25	7.78	4.46
Normalized NOPAT Margin	29.17%	23.32%	22.39%	20.63%	16.86%	29.03%	22.38%	23.69%	27.39%	16.78%
Pre Tax Income Margin	36.12%	28.63%	27.40%	25.11%	23.43%	36.09%	27.64%	29.03%	33.63%	20.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.79	0.60	0.63	0.57	0.56	1.00	0.98	1.43	2.68	1.88
NOPAT to Interest Expense	0.64	0.49	0.51	0.47	0.40	0.80	0.79	1.17	2.18	1.57
EBIT Less CapEx to Interest Expense	0.76	0.59	0.57	0.51	0.47	0.91	0.94	1.38	2.60	1.59
NOPAT Less CapEx to Interest Expense	0.61	0.48	0.46	0.40	0.32	0.72	0.75	1.12	2.10	1.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	59.83%	70.32%	66.49%	66.78%	64.47%	56.56%	64.14%	60.82%	59.60%	60.88%
Augmented Payout Ratio	62.25%	73.59%	70.27%	88.90%	92.57%	80.84%	91.73%	90.98%	94.73%	97.30%

Frequently Asked Questions About Citizens & Northern's Financials

When does Citizens & Northern's financial year end?

According to the most recent income statement we have on file, Citizens & Northern's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Citizens & Northern's net income changed over the last 2 years?

The last 5 years of Citizens & Northern's net income performance:

2022: $26.62 million
2023: $24.15 million
2024: $25.96 million

Find out what analysts predict for Citizens & Northern in the coming months.

How has Citizens & Northern revenue changed over the last 2 years?

Over the last 2 years, Citizens & Northern's total revenue changed from $107.56 million in 2022 to $108.32 million in 2024, a change of 0.7%.

How much debt does Citizens & Northern have?

Citizens & Northern's total liabilities were at $2.34 billion at the end of 2024, a 3.6% increase from 2023, and a 5.9% increase since 2022.

How much cash does Citizens & Northern have?

In the past 2 years, Citizens & Northern's cash and equivalents has ranged from $21.11 million in 2024 to $25.81 million in 2022, and is currently $21.11 million as of their latest financial filing in 2024.

How has Citizens & Northern's book value per share changed over the last 2 years?

Over the last 2 years, Citizens & Northern's book value per share changed from 16.09 in 2022 to 17.86 in 2024, a change of 11.0%.

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This page (NASDAQ:CZNC) was last updated on 5/29/2025 by MarketBeat.com Staff

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Citizens & Northern (CZNC) Financials

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Citizens & Northern (CZNC) Financials

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