CITIZENS & NORTHERN CORP CZNC

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

Citizens & Northern Corporation ("Corporation") is a bank holding company whose principal activity is community banking. The Corporation's principal office is located in Wellsboro, Pennsylvania. The largest subsidiary is Citizens & Northern Bank ("C&N Bank" or the "Bank"). The Corporation's other wholly-owned subsidiaries are Citizens & Northern Investment Corporation and Bucktail Life Insurance Company ("Bucktail"). Citizens & Northern Investment Corporation was formed in 1999 to engage in investment activities. Bucktail reinsures credit and mortgage life and accident and health insurance on behalf of C&N Bank.

C&N Bank is a Pennsylvania banking institution that was formed by the consolidation of Northern National Bank of Wellsboro and Citizens National Bank of Towanda in 1971. C&N Bank has operated under its current name since May 6, 1975, at which time C&N Bank changed its charter from a national bank to a Pennsylvania bank. The Bank has expanded its presence over the past several decades through a series of mergers as well as by opening new branch and lending offices and providing access to banking services via the internet and through ATMs. At December 31, 2025, the Bank had 35 branch offices, including 28 in the Northern tier/Northcentral region of Pennsylvania, 1 in the Southern tier of New York State, 4 in Southeastern Pennsylvania (3 in Bucks County and 1 in Chester County) and 2 in Southcentral Pennsylvania (York and Lancaster). In addition to its branch locations, the Bank has a lending office in Elmira, New York.

Last close 28.15 2026-10-26
Market cap $504.9M 2026-06-30 share count
52-week range 18.87 - 28.31

Valuation FY2025 figures against the last close

P/S3.6x
P/E—
P/FCF16.8x
EV/EBITDA—
Dividend yield3.2%
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $139.2M$128.1M$113.5M$92.6M$84.5M$77.2M$64.8M$50.3M$45.9M$44.1M
Interest expense $91.9M$79.1M$80.4M$83.1M$6.6M$9.6M$10.3M$4.6M$3.9M$3.7M
Pre-tax income $28.6M$31.9M$30.5M$32.4M$37.7M$23.2M$23.4M$26.3M$20.6M$21.1M
Income tax $5.2M$5.9M$6.3M$5.7M$7.1M$4.0M$3.9M$4.2M$7.2M$5.3M
Net income $23.4M$26.0M$24.1M$26.6M$30.6M$19.2M$19.5M$22.0M$13.4M$15.8M
EPS, basic 1.461.691.571.711.921.301.461.791.101.30
EPS, diluted —1.691.571.711.921.301.461.791.101.30
Shares, diluted (wtd. avg.) 15.9M15.3M15.2M15.5M15.8M14.7M13.3M12.3M12.2M12.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $46.1M$126.2M$52.8M$47.7M$95.8M$101.9M$35.2M$37.5M$40.2M$28.6M
Property, plant and equipment $27.8M$21.3M$21.6M$21.6M$20.7M$21.5M$17.2M$14.6M$15.4M$15.4M
Goodwill $63.3M$52.5M$52.5M$52.5M$52.5M$52.5M$28.4M$11.9M$11.9M$11.9M
Other intangibles $11.6M$2.1M$2.5M$2.9M$3.3M$3.9M$1.2M$9.0K$12.0K$17.0K
Total assets $3.13B$2.61B$2.52B$2.45B$2.33B$2.24B$1.65B$1.29B$1.28B$1.24B
Short-term debt $28.6M$2.5M$33.9M$80.1M$1.8M$20.0M$86.2M$12.9M$61.8M$26.2M
Long-term debt ———————$35.9M$9.2M$38.5M
Total liabilities $2.79B$2.34B$2.25B$2.20B$2.03B$1.94B$1.41B$1.09B$1.09B$1.06B
Retained earnings $171.2M$165.8M$157.0M$151.7M$142.6M$129.7M$126.5M$122.6M$113.6M$112.8M
Total equity $341.7M$275.3M$262.4M$249.3M$301.4M$299.8M$244.5M$197.4M$188.4M$186.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $32.0M$33.0M$33.5M$34.6M$34.8M$24.8M$22.5M$25.9M$19.4M$18.5M
Depreciation and amortisation $2.4M$2.2M$2.2M$2.4M$2.1M$2.0M$1.7M$1.8M$1.6M—
Capital expenditure $1.9M$1.9M$2.3M$3.3M$1.9M$3.1M$2.9M$1.2M$1.7M$1.6M
Investing cash flow $196.0K-$20.9M-$53.2M-$234.7M-$103.9M$96.6M$22.7M-$21.6M-$30.9M-$29.4M
Financing cash flow -$111.1M$58.7M$24.7M$151.9M$68.9M-$56.5M-$46.8M-$8.4M$19.9M$6.2M
Dividends paid $16.3M$15.5M$15.6M$15.9M$16.0M$14.5M$14.0M$11.7M$11.1M$11.1M
Buybacks $10.0K$417.0K$6.6M$9.2M$7.4M$163.0K$189.0K$0$0$3.7M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-024613.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50M 100M 150M Revenue, FY2016: 44.1M Net income, FY2016: 15.8M Revenue, FY2017: 45.9M Net income, FY2017: 13.4M Revenue, FY2018: 50.3M Net income, FY2018: 22M Revenue, FY2019: 64.8M Net income, FY2019: 19.5M Revenue, FY2020: 77.2M Net income, FY2020: 19.2M Revenue, FY2021: 84.5M Net income, FY2021: 30.6M Revenue, FY2022: 92.6M Net income, FY2022: 26.6M Revenue, FY2023: 113.5M Net income, FY2023: 24.1M Revenue, FY2024: 128.1M Net income, FY2024: 26M Revenue, FY2025: 139.2M Net income, FY2025: 23.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $44.1M $45.9M $50.3M $64.8M $77.2M $84.5M $92.6M $113.5M $128.1M $139.2M
Gross profit — — — — — — — — — —
Net income $15.8M $13.4M $22.0M $19.5M $19.2M $30.6M $26.6M $24.1M $26.0M $23.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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