Citizens & Northern Corp - Understand $cznc stock

$CZNC Market Cap: $317.5 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$94.75M

TTM

Gross Margin

Net Earnings

$22.02M

TTM

Current Assets

Current Liabilities

$33.34M

Q3 2024

Current Ratio

Total Assets

$2.671B

Q3 2024

Total Liabilities

$2.394B

Q3 2024

Book Value

$277.3M

Q3 2024

Cash

$184.2M

Q3 2024

P/E

14.42

Nov 29, 2024 EST

Free Cash Flow

$26.27M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Revenue	$113.5M	$92.65M	$84.50M	$77.16M	$64.77M	$50.33M	$45.86M	$44.10M	$44.52M	$46.01M
YoY Change	22.51%	9.64%	9.51%	19.13%	28.7%	9.74%	4.0%	-0.95%	-3.24%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$113.5M	$92.65M	$84.50M	$77.16M	$64.77M	$50.33M	$45.86M	$44.10M	$44.52M	$46.01M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$7.582M	$6.806M	$5.903M	$5.316M
YoY Change	11.4%	15.3%	11.04%
% of Gross Profit
Depreciation & Amortization	$2.151M	$2.389M	$2.130M	$1.981M	$1.749M	$1.754M	$1.639M	$1.600M	$1.910M	$1.980M	$2.070M	$2.010M	$2.190M	$2.520M	$3.140M	$3.440M	$3.300M	$2.740M	$2.380M	$1.590M	$1.210M	$1.350M	$1.300M	$1.090M	$970.0K	$810.0K	$720.0K	$760.0K	$740.0K	$630.0K	$550.0K
YoY Change	-9.96%	12.16%	7.52%	13.26%	-0.29%	7.02%	2.44%	-16.23%	-3.54%	-4.35%	2.99%	-8.22%	-13.1%	-19.75%	-8.72%	4.24%	20.44%	15.13%	49.69%	31.4%	-10.37%	3.85%	19.27%	12.37%	19.75%	12.5%	-5.26%	2.7%	17.46%	14.55%	3.77%
% of Gross Profit
Operating Expenses	$7.582M	$6.806M	$5.903M	$5.316M
YoY Change	11.4%	15.3%	11.04%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Interest Expense	$33.10M	$9.519M	$6.562M	$9.595M	$10.28M	$4.625M	$3.915M	$3.693M	$4.602M	$5.122M
YoY Change	247.77%	45.06%	-31.61%	-6.69%	122.34%	18.14%	6.01%	-19.75%	-10.15%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Pretax Income	$30.48M	$32.35M	$37.69M	$23.21M	$23.41M	$26.26M	$20.59M	$21.11M	$21.81M	$22.78M	$24.80M	$31.10M	$32.10M	$24.90M	-$62.00M	$12.40M	$13.10M	$14.80M	$15.80M	$17.70M	$19.90M	$18.70M	$15.10M	$10.30M	$14.80M	$14.60M	$13.30M	$12.40M	$10.40M	$9.800M	$10.50M
YoY Change	-5.77%	-14.16%	62.36%	-0.84%	-10.87%	27.55%	-2.46%	-3.21%	-4.26%	-8.15%	-20.26%	-3.12%	28.92%	-140.16%	-600.0%	-5.34%	-11.49%	-6.33%	-10.73%	-11.06%	6.42%	23.84%	46.6%	-30.41%	1.37%	9.77%	7.26%	19.23%	6.12%	-6.67%	8.25%
Income Tax	$6.335M	$5.732M	$7.133M	$3.990M	$3.905M	$4.250M	$7.156M	$5.347M	$5.337M	$5.692M	$6.200M	$8.400M	$8.700M	$5.800M	-$22.70M	$2.300M	$2.600M	$2.800M	$2.800M	$2.900M	$3.600M	$3.700M	$3.000M	$1.800M	$3.400M	$3.500M	$3.200M	$3.200M	$2.500M	$2.300M	$2.600M
% Of Pretax Income	20.78%	17.72%	18.93%	17.19%	16.68%	16.18%	34.75%	25.33%	24.47%	24.99%	25.0%	27.01%	27.1%	23.29%		18.55%	19.85%	18.92%	17.72%	16.38%	18.09%	19.79%	19.87%	17.48%	22.97%	23.97%	24.06%	25.81%	24.04%	23.47%	24.76%
Net Earnings	$23.96M	$26.38M	$30.55M	$19.22M	$19.50M	$22.01M	$13.43M	$15.76M	$16.47M	$17.09M	$18.60M	$22.70M	$23.40M	$19.10M	-$39.30M	$10.10M	$10.40M	$12.00M	$13.00M	$14.90M	$16.30M	$15.00M	$12.10M	$8.500M	$11.50M	$11.10M	$10.10M	$9.300M	$7.900M	$7.500M	$7.700M
YoY Change	-9.17%	-13.66%	58.95%	-1.45%	-11.4%	63.86%	-14.77%	-4.3%	-3.6%	-8.14%	-18.06%	-2.99%	22.51%	-148.6%	-489.11%	-2.88%	-13.33%	-7.69%	-12.75%	-8.59%	8.67%	23.97%	42.35%	-26.09%	3.6%	9.9%	8.6%	17.72%	5.33%	-2.6%	5.48%
Net Earnings / Revenue	21.11%	28.47%	36.16%	24.91%	30.11%	43.74%	29.29%	35.74%	37.0%	37.14%
Basic Earnings Per Share	$1.57	$1.71	$1.92	$1.30	$1.46	$1.79	$1.10	$1.30	$1.35	$1.38
Diluted Earnings Per Share	$1.57	$1.707M	$1.92	$1.30	$1.46	$1.79	$1.10	$1.30	$1.35	$1.38	$1.500M	$1.846M	$1.918M	$1.579M	-$4.226M	$1.122M	$1.182M	$1.429M	$1.529M	$1.753M	$1.918M	$1.786M	$1.440M	$1.000M	$1.353M	$1.306M	$1.188M	$1.094M	$929.4K	$882.4K	$905.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$25.20M	$21.57M	$24.40M	$25.00M	$18.80M	$14.60M	$15.40M	$15.40M	$15.40M	$16.30M	$17.40M	$18.70M	$19.00M	$22.60M	$24.30M	$25.90M	$27.80M	$23.10M	$22.60M	$16.70M	$12.50M	$10.30M	$10.00M	$9.300M	$8.000M	$7.400M	$6.700M	$6.600M	$6.800M	$6.900M	$5.500M
YoY Change	16.82%	-11.58%	-2.4%	32.98%	28.77%	-5.19%	0.0%	0.0%	-5.52%	-6.32%	-6.95%	-1.58%	-15.93%	-7.0%	-6.18%	-6.83%	20.35%	2.21%	35.33%	33.6%	21.36%	3.0%	7.53%	16.25%	8.11%	10.45%	1.52%	-2.94%	-1.45%	25.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$17.44M	$20.88M	$5.900M	$2.700M	$2.600M	$4.100M	$3.300M	$5.100M	$3.100M	$1.700M	$6.300M	$1.700M	$6.200M	$16.10M	$22.00M
YoY Change	-16.49%	253.97%	118.52%	3.85%	-36.59%	24.24%	-35.29%	64.52%	82.35%	-73.02%	270.59%	-72.58%	-61.49%	-26.82%
Total Long-Term Assets
YoY Change
Total Assets	$2.516B	$2.454B	$2.328B	$2.239B	$1.654B	$1.291B	$1.277B	$1.242B	$1.223B	$1.242B	$1.238B	$1.287B	$1.324B	$1.317B	$1.322B	$1.282B	$1.284B	$1.127B	$1.163B	$1.123B	$1.067B	$1.019B	$867.0M	$719.3M	$705.9M	$646.3M	$615.4M	$610.2M	$586.0M	$546.5M	$560.1M
YoY Change
Accounts Payable	$23.07M	$25.61M	$19.90M	$24.20M	$10.50M	$11.00M	$9.100M	$7.800M	$8.100M	$7.000M	$7.000M	$8.600M	$7.800M	$6.400M	$7.000M	$7.900M	$5.200M	$6.700M	$5.000M	$8.000M	$8.800M	$9.200M	$5.400M	$4.800M	$3.500M	$6.000M	$6.100M	$3.100M	$3.600M	$1.100M	$1.900M
YoY Change	-9.92%	28.68%	-17.77%	130.48%	-4.55%	20.88%	16.67%	-3.7%	15.71%	0.0%	-18.6%	10.26%	21.88%	-8.57%	-11.39%	51.92%	-22.39%	34.0%	-37.5%	-9.09%	-4.35%	70.37%	12.5%	37.14%	-41.67%	-1.64%	96.77%	-13.89%	227.27%	-42.11%
Accrued Expenses	$3.570M	$4.133M	$3.800M	$3.400M	$1.600M
YoY Change	-13.62%	8.76%	11.76%	112.5%
Deferred Revenue
YoY Change
Short-Term Debt	$2.374M	$3.062M	$1.800M	$2.000M	$1.900M	$5.900M	$3.800M	$32.20M	$31.90M	$66.50M	$64.40M	$5.600M	$5.000M	$18.40M	$131.7M	$141.0M	$135.2M	$75.80M	$74.50M	$88.60M	$80.40M	$79.30M	$36.10M	$24.70M	$40.40M	$26.50M	$39.80M	$44.70M	$85.00M	$98.50M	$109.3M
YoY Change	-22.47%	70.11%	-10.0%	5.26%	-67.8%	55.26%	-88.2%	0.94%	-52.03%	3.26%	1050.0%	12.0%	-72.83%	-86.03%	-6.6%	4.29%	78.36%	1.74%	-15.91%	10.2%	1.39%	119.67%	46.15%	-38.86%	52.45%	-33.42%	-10.96%	-47.41%	-13.71%	-9.88%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$29.01M	$25.61M	$23.70M	$27.60M	$12.10M	$11.00M	$9.100M	$7.800M	$8.100M	$7.000M	$7.000M	$8.600M	$7.800M	$6.400M	$7.200M	$10.00M	$7.300M	$8.700M	$7.000M	$9.900M	$10.60M	$10.80M	$6.900M	$6.200M	$4.700M	$7.100M	$7.100M	$4.000M	$4.400M	$1.900M	$2.600M
YoY Change	13.29%	8.05%	-14.13%	128.1%	10.0%	20.88%	16.67%	-3.7%	15.71%	0.0%	-18.6%	10.26%	21.88%	-11.11%	-28.0%	36.99%	-16.09%	24.29%	-29.29%	-6.6%	-1.85%	56.52%	11.29%	31.91%	-33.8%	0.0%	77.5%	-9.09%	131.58%	-26.92%
Long-Term Debt	$39.55M	$181.8M	$47.70M	$16.60M	$6.500M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-78.24%	281.09%	187.35%	155.38%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$39.55M	$181.8M	$47.70M	$16.60M	$6.500M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-78.24%	281.09%	187.35%	155.38%
Total Liabilities	$2.253B	$2.205B	$2.026B	$1.939B	$1.410B	$1.094B	$1.089B	$1.056B	$1.036B	$1.054B	$1.058B	$1.104B	$1.156B	$1.178B	$1.169B	$1.160B	$1.146B	$997.5M	$1.031B	$991.4M	$941.6M	$902.9M	$766.8M	$630.4M	$629.3M	$555.7M	$529.8M	$538.6M	$519.0M	$499.7M	$503.6M
YoY Change	2.19%	8.82%	4.48%	37.57%	28.92%	0.46%	3.05%	1.97%	-1.68%	-0.43%	-4.16%	-4.52%	-1.8%	0.7%	0.85%	1.19%	14.89%	-3.25%	3.99%	5.29%	4.29%	17.75%	21.64%	0.17%	13.24%	4.89%	-1.63%	3.78%	3.86%	-0.77%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2012
Basic Shares Outstanding	15.24M	15.46M	15.77M	14.74M	13.30M	12.22M	12.12M	12.03M	12.15M	12.39M	12.24M
Diluted Shares Outstanding	15.24M	15.46M	15.77M	14.75M	13.32M	12.26M	12.16M	12.06M	12.17M	12.41M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $317.53 Million

About CITIZENS & NORTHERN CORP

Citizens & Northern Corp. is a holding company, which engages in community banking. The company is headquartered in Wellsboro, Pennsylvania and currently employs 404 full-time employees. The firm's subsidiaries include Citizens & Northern Bank (the Bank), Citizens & Northern Investment Corporation and Bucktail Life Insurance Company (Bucktail). The Bank is a Pennsylvania banking institution, which provides a range of banking services, including deposit and loan products for personal and commercial customers. The Bank also provides wealth management services through its trust department and C&N Financial Services, LLC (CNFS). The trust department offers a range of financial services, such as 401(k) plans, retirement planning, estate planning, estate settlements and asset management. The company operates over 29 branch offices, including 22 in the Northern tier/Northcentral region of Pennsylvania, one in the Southern tier of New York State, four in Southeastern Pennsylvania and two in Southcentral Pennsylvania. The Bank also has a lending office in Elmira, New York.

Industry: State Commercial Banks Peers: ENTERPRISE BANCORP INC /MA/ FINANCIAL INSTITUTIONS INC John Marshall Bancorp, Inc. RBB Bancorp PNC FINANCIAL SERVICES GROUP, INC. Professional Holding Corp. SOUTHERN BANCSHARES NC INC WILSON BANK HOLDING CO