Loading…
Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. The company's deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; debit cards; lending products, such as commercial, mortgage, and consumer loans; and commercial letters-of-credit and lines of credit. It also offers wealth management services, including 401(k) plans, retirement planning, estate planning and settlements, and asset management; insurance products to individuals and businesses, and through a broker-dealer arrangement; and mutual funds, annuities, educational savings accounts, and other investment products through registered agents, as well as reinsures credit and mortgage life and accident and health insurance. The company operates in Northcentral Pennsylvania, the Southern tier of New York State, Southeastern Pennsylvania, and Southcentral Pennsylvania. Citizens & Northern Corporation was founded in 1864 and is headquartered in Wellsboro, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $121M | - | $23M | $30M | 6.9% | 13.5% | -9.8% |
| 2024 | $107M | - | $26M | $31M | 9.4% | 3.3% | 7.5% |
| 2023 | $103M | - | $24M | $31M | 9.2% | -2.7% | -9.3% |
| 2022 | $106M | - | $27M | $31M | 10.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 105.96 | 103.14 | 106.51 | 120.84 |
| Operating Revenue | - | 105.96 | 103.14 | 106.51 | 120.84 |
| Selling General And Administration | - | 41.83 | 44.20 | 44.93 | 47.39 |
| Interest Income | - | 92.65 | 113.50 | 128.08 | 139.22 |
| Interest Expense | - | 9.52 | 33.10 | 48.96 | 47.36 |
| Net Interest Income | - | 83.13 | 80.40 | 79.11 | 91.85 |
| Pretax Income | - | 32.35 | 30.48 | 31.87 | 28.64 |
| Tax Provision | - | 5.73 | 6.34 | 5.91 | 5.22 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | -1.45 |
| Net Income Continuous Operations | - | 26.62 | 24.15 | 25.96 | 23.43 |
| Net Income From Continuing And Discontinued Operation | - | 26.62 | 24.15 | 25.96 | 23.43 |
| Net Income From Continuing Operation Net Minority Interest | - | 26.62 | 24.15 | 25.96 | 23.43 |
| Net Income | - | 26.62 | 24.15 | 25.96 | 23.43 |
| Net Income Common Stockholders | - | 26.38 | 23.96 | 25.75 | 23.24 |
| Net Income Including Noncontrolling Interests | - | 26.62 | 24.15 | 25.96 | 23.43 |
| Normalized Income | - | 26.62 | 24.15 | 25.96 | 29.92 |
| Diluted NI Availto Com Stockholders | - | 26.38 | 23.96 | 25.75 | 23.24 |
| Basic Average Shares | - | 15.46 | 15.24 | 15.26 | 15.95 |
| Diluted Average Shares | - | 15.46 | 15.24 | 15.26 | 15.95 |
| Reconciled Depreciation | - | 2.39 | 2.15 | 2.18 | 2.36 |
| Total Unusual Items | - | 0 | 0 | 0 | -7.94 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | 0 | -7.94 |
| Special Income Charges | - | 0 | 0 | 0 | -7.94 |
| Restructuring And Mergern Acquisition | - | 0 | 0 | 0 | 7.94 |
| Gain On Sale Of Security | - | 0.02 | -3.04 | 0 | 0.04 |
| General And Administrative Expense | - | 41.83 | 44.20 | 44.93 | 47.39 |
| Other Gand A | 5.90 | 6.81 | - | - | - |
| Salaries And Wages | - | 41.83 | 44.20 | 44.93 | 47.39 |
| Otherunder Preferred Stock Dividend | - | 0.24 | 0.19 | 0.21 | 0.18 |
| Occupancy And Equipment | - | 5.53 | 5.36 | 5.47 | 5.86 |
| Professional Expense And Contract Services Expense | - | 2 | 2.50 | 2.17 | 2.76 |
| Other Non Interest Expense | - | 16.98 | 20.42 | 19.86 | 22.18 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Citizens & Northern Corporationthis co. | CZNC | $374M | 15.98↑ premium | 1.10 | 6.9% | - |
| Investar Holding Corporation | ISTR | $395M | 17.24 | 1.46 | 8.5% | - |
| Pioneer Bancorp, Inc. | PBFS | $394M | 19.42 | 1.22 | 6.3% | - |
| First Bank | FRBA | $392M | 8.97 | 0.88 | 9.8% | - |
| Farmers & Merchants Bancorp, Inc. | FMAO |
| - |
| - |
| - |
| - |
| - |
| - |
| $384M |
| 11.66 |
| 1.03 |
| 8.9% |
| - |
| NewtekOne, Inc. | NEWT | $382M | 6.32 | 1.09 | 17.3% | - |
| Plumas Bancorp | PLBC | $375M | 12.66 | 1.44 | 11.3% | - |
| Primis Financial Corp. | FRST | $370M | 6.02 | 0.88 | 14.5% | - |
| Parke Bancorp, Inc. | PKBK | $365M | 9.67 | 1.13 | 11.7% | - |
| Peer Median | - | 10.67 | 1.11 | 10.6% | - | |