Citizens & Northern (CZNC) Financials

$19.12 -0.11 (-0.57%)

Closing price 05/2/2025 04:00 PM Eastern

Extended Trading

$19.14 +0.02 (+0.10%)

As of 05/2/2025 04:05 PM 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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	27	24	26
Consolidated Net Income / (Loss)	27	24	26
Net Income / (Loss) Continuing Operations	27	24	26
Total Pre-Tax Income	32	30	32
Total Revenue	108	105	108
Net Interest Income / (Expense)	83	80	79
Total Interest Income	93	114	128
Loans and Leases Interest Income	81	101	113
Investment Securities Interest Income	12	12	15
Total Interest Expense	9.52	33	49
Deposits Interest Expense	6.64	24	39
Short-Term Borrowings Interest Expense	0.43	3.24	1.17
Long-Term Debt Interest Expense	2.45	5.63	8.60
Total Non-Interest Income	24	24	29
Trust Fees by Commissions	9.29	9.09	10
Other Service Charges	14	4.61	5.23
Net Realized & Unrealized Capital Gains on Investments	0.78	-2.31	1.16
Other Non-Interest Income	0.55	13	13
Provision for Credit Losses	7.26	0.19	2.20
Total Non-Interest Expense	68	74	74
Salaries and Employee Benefits	42	44	45
Net Occupancy & Equipment Expense	12	13	13
Other Operating Expenses	14	17	16
Income Tax Expense	5.73	6.34	5.91
Basic Earnings per Share	$1.71	$1.57	$1.69
Weighted Average Basic Shares Outstanding	15.56M	15.38M	15.47M
Diluted Earnings per Share	$1.71	$1.57	$1.69
Weighted Average Diluted Shares Outstanding	15.56M	15.38M	15.47M
Weighted Average Basic & Diluted Shares Outstanding	15.56M	15.38M	15.47M

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

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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-48	5.08	71
Net Cash From Operating Activities	35	34	33
Net Cash From Continuing Operating Activities	35	34	33
Net Income / (Loss) Continuing Operations	27	24	26
Consolidated Net Income / (Loss)	27	24	26
Provision For Loan Losses	7.26	0.19	2.20
Depreciation Expense	2.39	2.15	2.18
Amortization Expense	1.58	1.77	1.65
Non-Cash Adjustments to Reconcile Net Income	0.88	2.53	-3.92
Changes in Operating Assets and Liabilities, net	-4.12	2.76	4.98
Net Cash From Investing Activities	-235	-53	-21
Net Cash From Continuing Investing Activities	-235	-53	-21
Purchase of Property, Leasehold Improvements and Equipment	-3.29	-2.27	-1.91
Purchase of Investment Securities	-308	-191	-81
Sale and/or Maturity of Investments	65	117	55
Other Investing Activities, net	12	23	7.01
Net Cash From Financing Activities	152	25	59
Net Cash From Continuing Financing Activities	152	25	59
Net Change in Deposits	73	17	79
Issuance of Debt	50	39	59
Issuance of Common Equity	0.16	0.00	0.00
Repayment of Debt	54	-9.40	-64
Repurchase of Common Equity	-9.35	-6.78	-0.63
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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-4.89	-7.75	-1.59	0.05	2.15	4.47	-10	54	85	-58
Net Cash From Operating Activities	13	8.06	9.55	7.79	8.46	7.75	5.73	8.63	6.60	12
Net Cash From Continuing Operating Activities	13	8.06	9.55	7.79	8.46	7.75	5.73	8.63	6.60	12
Net Income / (Loss) Continuing Operations	4.46	7.78	6.25	6.04	7.59	4.26	5.31	6.11	6.37	8.17
Consolidated Net Income / (Loss)	4.46	7.78	6.25	6.04	7.59	4.26	5.31	6.11	6.37	8.17
Provision For Loan Losses	3.79	2.26	-0.35	0.81	-1.23	0.95	0.95	0.57	1.21	-0.53
Depreciation Expense	0.77	0.61	0.57	0.53	0.53	0.52	0.51	0.55	0.58	0.55
Amortization Expense	0.49	0.42	0.53	0.35	0.48	0.42	0.43	0.43	0.41	0.38
Non-Cash Adjustments to Reconcile Net Income	1.80	-0.81	0.42	0.25	-0.39	2.25	0.09	-1.64	-3.04	0.67
Changes in Operating Assets and Liabilities, net	1.22	-2.21	2.13	-0.19	1.47	-0.65	-1.56	2.63	1.08	2.83
Net Cash From Investing Activities	-20	-54	27	-48	-19	-13	-19	-18	22	-5.92
Net Cash From Continuing Investing Activities	-20	-54	27	-48	-19	-13	-19	-18	22	-5.92
Purchase of Property, Leasehold Improvements and Equipment	-0.83	-0.30	-0.28	-0.28	-0.83	-0.88	-0.74	-0.66	-0.15	-0.35
Purchase of Investment Securities	-50	-65	-12	-77	-15	-86	-28	-32	-4.40	-17
Sale and/or Maturity of Investments	25	9.96	35	20	11	51	7.48	11	26	11
Other Investing Activities, net	6.00	0.84	3.63	9.34	-13	23	2.70	2.54	0.75	1.02
Net Cash From Financing Activities	2.29	39	-38	40	13	9.57	2.46	64	56	-64
Net Cash From Continuing Financing Activities	2.29	39	-38	40	13	9.57	2.46	64	56	-64
Net Change in Deposits	75	-42	-82	94	15	-10	-19	63	77	-42
Repayment of Debt	-0.03	74	6.31	-62	-8.20	54	-6.03	-23	-16	-18
Repurchase of Common Equity	-0.27	-	-1.87	-4.64	-0.22	-0.07	-0.21	-0.38	-0.06	0.03
Payment of Dividends	-3.94	-3.94	-3.95	-3.90	-3.85	-3.87	-3.88	-3.88	-3.88	-3.89

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

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

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

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

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

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

Frequently Asked Questions About Citizens & Northern's Financials

When does Citizens & Northern's fiscal year end?

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

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

In the past 2 years, Citizens & Northern's net income has ranged from $24.15 million in 2023 to $26.62 million in 2022, and is currently $25.96 million as of their latest financial filing in 2024. Check out Citizens & Northern's forecast to explore projected trends and price targets.

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 5/3/2025 by MarketBeat.com Staff

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Citizens & Northern (CZNC) Financials

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Citizens & Northern (CZNC) Financials

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