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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 105.96 | 103.14 | 106.51 | 120.84 |
| Pretax Income | 32.35 | 30.48 | 31.87 | 28.64 |
| Tax Provision | 5.73 | 6.33 | 5.91 | 5.22 |
| Net Income | 26.62 | 24.15 | 25.96 | 23.43 |
| Net Income Common Stockholders | 26.38 | 23.96 | 25.75 | 23.25 |
| Interest Expense | 9.52 | 33.10 | 48.96 | 47.36 |
| Interest Income | 92.65 | 113.50 | 128.08 | 139.22 |
| Selling General And Administration | 41.83 | 44.20 | 44.93 | 47.39 |
| Normalized Income | 26.62 | 24.15 | 25.96 | 29.92 |
| Basic EPS | 1.71 | 1.57 | 1.69 | 0 |
| Diluted EPS | 1.71 | 1.57 | 1.69 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | -1.45 |
| Tax Rate For Calcs | 0.18 | 0.21 | 0.19 | 0.18 |
| Total Unusual Items | 0 | 0 | 0 | -7.94 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | -7.94 |
| Net Income From Continuing Operation Net Minority Interest | 26.62 | 24.15 | 25.96 | 23.43 |
| Reconciled Depreciation | 2.39 | 2.15 | 2.18 | 2.36 |
| Net Interest Income | 83.13 | 80.40 | 79.11 | 91.85 |
| Net Income From Continuing And Discontinued Operation | 26.62 | 24.15 | 25.96 | 23.43 |
| Diluted Average Shares | 15.46 | 15.24 | 15.26 | 0 |
| Basic Average Shares | 15.46 | 15.24 | 15.26 | 0 |
| Diluted NI Availto Com Stockholders | 26.38 | 23.96 | 25.75 | 23.25 |
| Otherunder Preferred Stock Dividend | 0.24 | 0.19 | 0.21 | 0.18 |
| Net Income Including Noncontrolling Interests | 26.62 | 24.15 | 25.96 | 23.43 |
| Net Income Continuous Operations | 26.62 | 24.15 | 25.96 | 23.43 |
| 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 | 6.81 | 0 | 0 | 0 |
| Salaries And Wages | 41.83 | 44.20 | 44.93 | 47.39 |
| Operating Revenue | 105.96 | 103.14 | 106.51 | 120.84 |
| 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 | $412M | 15.75↑ premium | 1.20 | 6.9% | - |
| Bankwell Financial Group, Inc. | BWFG | $419M | 10.53 | 1.31 | 11.7% | - |
| Bank7 Corp. | BSVN | $414M | 9.31 | 1.59 | 17.2% | - |
| Bank of Marin Bancorp | BMRC | $413M | - | 1.03 | -9.0% | - |
| West Bancorporation, Inc. | WTBA |
| $409M |
| 11.60 |
| 1.51 |
| 12.2% |
| - |
| RBB Bancorp | RBB | $408M | 10.11 | 0.78 | 6.1% | - |
| GBank Financial Holdings Inc. | GBFH | $407M | 19.55 | 2.44 | 12.6% | - |
| Chaince Digital Holdings Inc. | CD | $406M | - | 8.46 | -11.6% | -100.98 |
| Greene County Bancorp, Inc. | GCBC | $402M | 10.31 | 1.50 | 13.0% | - |
| Peer Median | - | 10.42 | 1.51 | 12.0% | -100.98 | |