Logo

CZNC

Citizens & Northern Corporation

CZNC

Citizens & Northern Corporation • NASDAQ
$20.16 ▼ -0.15% (-0.03)
Market Cap $309.46 M
52w High $22.68
52w Low $17.85
Dividend Yield 1.12%
P/E 11.52
Volume 16.44K
Outstanding Shares 15.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $40.425M ▲ $18.86M ▼ $6.551M ▲ 16.205% ▲ $0.42 ▲ $8.576M ▲
Q2-2025 $40.193M ▲ $18.995M ▲ $6.117M ▼ 15.219% ▼ $0.4 ▼ $8.094M ▼
Q1-2025 $38.33M ▼ $18.656M ▲ $6.293M ▼ 16.418% ▼ $0.41 ▼ $8.257M ▼
Q4-2024 $40.528M ▲ $18.082M ▲ $8.174M ▲ 20.169% ▲ $0.53 ▲ $10.672M ▲
Q3-2024 $39.71M $17.759M $6.365M 16.029% $0.41 $8.391M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $333.209M ▼ $2.664B ▲ $2.37B ▲ $293.959M ▲
Q2-2025 $343.265M ▼ $2.611B ▲ $2.325B ▼ $286.357M ▲
Q1-2025 $523.201M ▲ $2.609B ▼ $2.327B ▼ $281.831M ▲
Q4-2024 $348.609M ▼ $2.611B ▼ $2.335B ▼ $275.284M ▼
Q3-2024 $592.635M $2.671B $2.394B $277.305M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $6.551M ▲ $11.328M ▲ $-29.115M ▼ $42.008M ▲ $24.221M ▲ $10.902M ▲
Q2-2025 $6.117M ▼ $8.513M ▲ $-16.543M ▼ $-6.839M ▲ $-14.869M ▼ $8.028M ▲
Q1-2025 $6.293M ▼ $1.583M ▼ $-4.166M ▲ $-8.853M ▲ $-11.436M ▲ $1.041M ▼
Q4-2024 $8.174M ▲ $12.075M ▲ $-5.922M ▼ $-63.942M ▼ $-57.789M ▼ $11.723M ▲
Q3-2024 $6.365M $6.598M $22.049M $56.154M $84.801M $6.448M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Bank Servicing
Bank Servicing
 $0 ▲$0 ▲$0 ▲$0 ▲
Debit Card
Debit Card
 $0 ▲$0 ▲$0 ▲$0 ▲
Deposit Account
Deposit Account
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown gradually over the past several years, showing a slow but steady build in the core franchise. Profitability has been fairly consistent, with operating and net income holding in a narrow range and no dramatic swings. Earnings per share have moved around a bit but generally remain in a healthy band for a community bank, suggesting management has handled the shifting interest rate environment reasonably well. Overall, the income statement points to a stable, moderately growing bank rather than a high‑growth or highly volatile story.

Balance Sheet

Balance Sheet The balance sheet shows a steady increase in total assets, which fits with a community bank that is gradually expanding its footprint and loan book. Cash levels move around but appear adequate for day‑to‑day needs, while debt has risen over time and then leveled off, indicating more use of wholesale or other funding but not an obvious overextension. Equity has been inching higher, which supports the view of measured growth and retention of earnings. The picture is of a traditionally run bank with moderate leverage and no glaring balance sheet red flags, though like all banks it remains sensitive to credit quality and funding costs.

Cash Flow

Cash Flow Cash generation from the core business has been steady over several years, and free cash flow closely tracks operating cash flow, which is typical for a bank that does not rely heavily on physical investment. This consistency suggests that the underlying franchise produces reliable cash, giving the company flexibility for dividends, buybacks, or acquisitions when opportunities arise. There is no sign of large, lumpy cash needs, but as with any bank, shifts in deposit flows or loan demand could change the pattern in future periods.

Competitive Edge

Competitive Edge Citizens & Northern competes as a classic community and regional bank, leaning on deep local relationships, personalized service, and local decision‑making rather than sheer scale. Its focus on small businesses, agriculture, rural borrowers, and wealth management helps it carve out defensible niches that large national banks may not serve as closely. Strategic acquisitions have expanded its regional presence and created a larger platform while keeping the community‑bank feel. The main competitive pressures come from bigger regional and national banks, digital‑only players, and ongoing pricing pressure on both loans and deposits, but its relationship‑driven model and community involvement give it a meaningful, if not unshakeable, moat in its markets.

Innovation and R&D

Innovation and R&D Instead of heavy in‑house R&D, the bank relies on partnerships to modernize. Its relationship with a leading digital banking provider gives customers a fairly sophisticated online and mobile experience, including remote deposits, peer‑to‑peer payments, and added tools for credit monitoring and elder‑fraud protection. New technology‑focused leadership roles signal that digital delivery, data, and customer experience are strategic priorities. This approach allows the bank to move faster and cheaper than building everything itself, but it does mean some capabilities are shared with other institutions using the same platforms. Future innovation is likely to come from layering more fintech tools onto this ecosystem and using technology to improve efficiency and personalization rather than from groundbreaking, proprietary products.

Summary

Overall, Citizens & Northern looks like a steady, relationship‑driven regional bank that is slowly scaling up while updating its technology. Financial results show measured growth and stable profitability rather than rapid expansion or high volatility. The balance sheet and cash flows support a picture of a conservatively run institution using moderate leverage. Strategically, its strength lies in local knowledge, niche lending areas, and wealth management, supported by a modern digital platform built largely through partners. Key uncertainties revolve around credit cycles, deposit and funding costs, integration of acquisitions, and the pace of digital competition, but the company appears to be managing these challenges from a position of relative stability.