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.
Quarterly Income Statements for Citizens & Northern
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 |
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 |
Annual Cash Flow Statements for Citizens & Northern
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 |
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 |
Quarterly Cash Flow Statements for Citizens & Northern
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 |
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 |
Annual Balance Sheets for Citizens & Northern
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 |
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 |
Quarterly Balance Sheets for Citizens & Northern
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 |
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 |
Annual Metrics And Ratios for Citizens & Northern
This table displays calculated financial ratios and metrics derived from Citizens & Northern's official financial filings.
Metric |
2024 |
2023 |
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% |
Quarterly Metrics And Ratios for Citizens & Northern
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 |
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% |