CZNC Nasdaq State Commercial Banks Financials FY2016βFY2025
Citizens & Northern Corp had $123M of revenue in fiscal 2025, up 13.3% on the year before. Over five years, revenue changed +5.9% a year on average.
Last close Β· Oct 23, 2026
$27.75
4.2%Hi! I read Citizens & Northern Corpβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+13.3%
Yes. Sales grew 13.3% last year.
Does it make a profit?
19.1%
Yes. It keeps 19.1% of every sale as profit.
How lean are its costs?
71.7%
Costly. Running costs take 71.7% of revenue.
How much does it earn on its capital?
7.6%
Low. It earns 7.6% a year on shareholdersβ money.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Citizens & Northern Corp had $123M of revenue in fiscal 2025, up 13.3% on the year before. Over five years, revenue changed +5.9% a year on average.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Net interest income share and efficiency ratio
Net interest income share and efficiency ratio
KIRA Β· Citizens & Northern Corp made $23.4M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Citizens & Northern Corp returned $16.3M to shareholders in fiscal 2025, 54% of free cash flow.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.1M and sold $0.1M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.1M
3 insiders
Sold, 12 months
$0.1M
2 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 2, 2026 | Katherine W ShattuckDirector | Bought plan | 8 | $25.51 | $0.0M | Form 4 |
| Oct 2, 2026 | Frank G PellegrinoDirector | Bought plan | 245 | $25.51 | $0.0M | Form 4 |
| Sep 4, 2026 | Katherine W ShattuckDirector | Bought plan | 8 | $26.17 | $0.0M | Form 4 |
| Sep 4, 2026 | Frank G PellegrinoDirector | Bought plan | 178 | $26.17 | $0.0M | Form 4 |
| Aug 7, 2026 | Katherine W ShattuckDirector | Bought plan | 8 | $25.22 | $0.0M | Form 4 |
| Aug 7, 2026 | Frank G PellegrinoDirector | Bought plan | 208 | $25.22 | $0.0M | Form 4 |
| Aug 3, 2026 | Christian C TrateDirector | Sold | 560 | $25.21 | $0.0M | Form 4 |
| Jul 31, 2026 | Stephen M DorwartDirector | Sold | 2,278 | $25.37 | $0.1M | Form 4 |
| Jul 8, 2026 | Katherine W ShattuckDirector | Bought plan | 9 | $23.03 | $0.0M | Form 4 |
| Jul 8, 2026 | Frank G PellegrinoDirector | Bought plan | 198 | $23.03 | $0.0M | Form 4 |
| Jun 5, 2026 | Katherine W ShattuckDirector | Bought plan | 10 | $21.44 | $0.0M | Form 4 |
| Jun 5, 2026 | Frank G PellegrinoDirector | Bought plan | 190 | $21.44 | $0.0M | Form 4 |
| May 28, 2026 | Christian C TrateDirector | Sold | 229 | $21.10 | $0.0M | Form 4 |
| May 13, 2026 | Terry L LehmanDirector | Bought | 1,000 | $20.83 | $0.0M | Form 4 |
| May 8, 2026 | Frank G PellegrinoDirector | Bought plan | 237 | $21.75 | $0.0M | Form 4 |
| May 8, 2026 | Katherine W ShattuckDirector | Bought plan | 10 | $21.75 | $0.0M | Form 4 |
| Apr 6, 2026 | Katherine W ShattuckDirector | Bought plan | 20 | $22.55 | $0.0M | Form 4 |
| Apr 6, 2026 | Frank G PellegrinoDirector | Bought plan | 180 | $22.55 | $0.0M | Form 4 |
| Mar 6, 2026 | Katherine W ShattuckDirector | Bought plan | 21 | $21.96 | $0.0M | Form 4 |
| Mar 6, 2026 | Frank G PellegrinoDirector | Bought plan | 185 | $21.96 | $0.0M | Form 4 |
| Feb 10, 2026 | Katherine W ShattuckDirector | Bought plan | 16 | $23.22 | $0.0M | Form 4 |
| Feb 10, 2026 | Frank G PellegrinoDirector | Bought plan | 175 | $23.22 | $0.0M | Form 4 |
| Jan 9, 2026 | Katherine W ShattuckDirector | Bought plan | 19 | $20.38 | $0.0M | Form 4 |
| Jan 9, 2026 | Frank G PellegrinoDirector | Bought plan | 200 | $20.38 | $0.0M | Form 4 |
| Dec 5, 2025 | Katherine W ShattuckDirector | Bought plan | 29 | $20.37 | $0.0M | Form 4 |
| Dec 5, 2025 | Frank G PellegrinoDirector | Bought plan | 316 | $20.37 | $0.0M | Form 4 |
| Nov 7, 2025 | Katherine W ShattuckDirector | Bought plan | 20 | $19.14 | $0.0M | Form 4 |
| Nov 7, 2025 | Frank G PellegrinoDirector | Bought plan | 212 | $19.14 | $0.0M | Form 4 |
| Oct 3, 2025 | Katherine W ShattuckDirector | Bought plan | 19 | $19.70 | $0.0M | Form 4 |
| Oct 3, 2025 | Frank G PellegrinoDirector | Bought plan | 207 | $19.70 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
Loans, deposits and capital at each fiscal year end.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Loans and deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $1.6B | $1.7B | $1.8B | $1.9B | $2.3B |
| Deposits | $1.9B | $2.0B | $2.0B | $2.1B | $2.6B |
| Loans / deposits | 80.6% | 86.3% | 90.8% | 89.6% | 90.6% |
| Total assets | $2.3B | $2.5B | $2.5B | $2.6B | $3.1B |
| Shareholders' equity | $301M | $249M | $262M | $275M | $342M |
| Goodwill | $52.5M | $52.5M | $52.5M | $52.5M | $63.3M |
| Intangible assets | $3.3M | $2.9M | $2.5M | $2.1M | $11.6M |
| Provision / loans | 0.2% | 0.4% | 0.0% | 0.1% | 0.3% |
KIRA Β· It earned 7.6% on shareholdersβ money. Running costs took 71.7% of revenue (the efficiency ratio; lower is better).
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
In plain words: Return on equity is the profit made on shareholdersβ money each year. The efficiency ratio is how much of each dollar of revenue goes on running costs, so lower is better.
Return on equity, return on tangible equity and efficiency ratio
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $57.1M | $58.4M | $66.3M | $73.8M | $92.1M | $104M | $108M | $105M | $108M | $123M |
| Net interest income | $40.4M | $41.9M | $45.7M | $54.5M | $67.6M | $77.9M | $83.1M | $80.4M | $79.1M | $91.9M |
| Noninterest income | $16.7M | $16.4M | $20.6M | $19.3M | $24.5M | $25.9M | $24.4M | $24.4M | $29.2M | $30.9M |
| Noninterest expense | $34.7M | $37.0M | $39.5M | $49.5M | $65.0M | $62.5M | $68.0M | $74.1M | $74.3M | $88.0M |
| Provision for credit losses | $1.2M | $0.8M | $0.6M | $0.8M | $3.9M | $3.7M | $7.3M | $0.2M | $2.2M | $6.1M |
| Interest expense | $3.7M | $3.9M | $4.6M | $10.3M | $9.6M | $6.6M | $9.5M | $33.1M | β | β |
| Pretax income | $21.1M | $20.6M | $26.3M | $23.4M | $23.2M | $37.7M | $32.4M | $30.5M | $31.9M | $28.6M |
| Income tax | $5.3M | $7.2M | $4.3M | $3.9M | $4.0M | $7.1M | $5.7M | $6.3M | $5.9M | $5.2M |
| Net income | $15.8M | $13.4M | $22.0M | $19.5M | $19.2M | $30.6M | $26.6M | $24.1M | $26.0M | $23.4M |
| Net income to common | $15.7M | $13.4M | $21.9M | $19.4M | $19.1M | $30.3M | $26.4M | $24.0M | $25.7M | $23.2M |
| Diluted EPS | $1.30 | $1.10 | $1.79 | $1.46 | $1.30 | $1.92 | $1.71 | $1.57 | $1.69 | β |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.02B | 0.02B | 0.02B | 0.02B | β |
| Cash flow | ||||||||||
| Cash from operations | $18.5M | $19.4M | $25.9M | $22.5M | $24.8M | $34.8M | $34.6M | $33.5M | $33.0M | $32.0M |
| Capital expenditure | $1.6M | $1.7M | $1.2M | $2.9M | $3.1M | $1.9M | $3.3M | $2.3M | $1.9M | $1.9M |
| Free cash flow | $16.9M | $17.7M | $24.7M | $19.6M | $21.6M | $33.0M | $31.3M | $31.3M | $31.1M | $30.1M |
| Depreciation and amortization | β | $1.6M | $1.8M | $1.7M | $2.0M | $2.1M | $2.4M | $2.2M | $2.2M | $2.4M |
| Stock-based compensation | $0.6M | $0.6M | $0.9M | $0.8M | $1.1M | $1.2M | $1.3M | $1.5M | $1.5M | $1.3M |
| Acquisitions | β | β | β | $1.8M | β$76.0M | $0.0M | $0.0M | β | β | β |
| Share buybacks | $3.7M | $0.0M | $0.0M | $0.2M | $0.2M | β | β | β | β | β |
| Dividends paid | $11.1M | $11.1M | $11.7M | $14.0M | $14.5M | $16.0M | $15.9M | $15.6M | $15.5M | $16.3M |
| Dividends and buybacks | $14.8M | $11.1M | $11.7M | $14.2M | $14.6M | $16.0M | $15.9M | $15.6M | $15.5M | $16.3M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $28.6M | $40.2M | $37.5M | $35.2M | $102M | $105M | $55.0M | $56.9M | $126M | $46.1M |
| Total debt | $64.6M | $71.0M | $48.8M | $86.2M | $20.0M | $1.8M | $80.1M | $33.9M | $2.5M | $28.6M |
| Loans, net | $743M | $807M | $818M | $1.2B | $1.6B | $1.6B | $1.7B | $1.8B | $1.9B | $2.3B |
| Deposits | $984M | $1.0B | $1.0B | $1.3B | $1.8B | $1.9B | $2.0B | $2.0B | $2.1B | $2.6B |
| Property and equipment, net | $15.4M | $15.4M | $14.6M | $17.2M | $21.5M | $20.7M | $21.6M | $21.6M | $21.3M | $27.8M |
| Goodwill | $11.9M | $11.9M | $11.9M | $28.4M | $52.5M | $52.5M | $52.5M | $52.5M | $52.5M | $63.3M |
| Intangible assets | $0.0M | $0.0M | $0.0M | $1.2M | $3.9M | $3.3M | $2.9M | $2.5M | $2.1M | $11.6M |
| Total assets | $1.2B | $1.3B | $1.3B | $1.7B | $2.2B | $2.3B | $2.5B | $2.5B | $2.6B | $3.1B |
| Total liabilities | $1.1B | $1.1B | $1.1B | $1.4B | $1.9B | $2.0B | $2.2B | $2.3B | $2.3B | $2.8B |
| Shareholders' equity | $186M | $188M | $197M | $244M | $300M | $301M | $249M | $262M | $275M | $342M |
| Margins | ||||||||||
| Net margin | 27.6% | 23.0% | 33.2% | 26.4% | 20.9% | 29.4% | 24.7% | 23.0% | 24.0% | 19.1% |
| FCF margin | 29.7% | 30.3% | 37.3% | 26.5% | 23.5% | 31.8% | 29.1% | 29.8% | 28.7% | 24.5% |
| Net interest share of revenue | 70.8% | 71.9% | 68.9% | 73.8% | 73.4% | 75.1% | 77.3% | 76.7% | 73.0% | 74.9% |
| Efficiency ratio | 60.9% | 63.3% | 59.5% | 67.1% | 70.5% | 60.2% | 63.2% | 70.7% | 68.6% | 71.7% |
| Returns | ||||||||||
| Return on equity | 8.5% | 7.2% | 11.4% | 8.8% | 7.1% | 10.2% | 9.7% | 9.4% | 9.7% | 7.6% |
| Return on assets | 1.3% | 1.1% | 1.7% | 1.3% | 1.0% | 1.3% | 1.1% | 1.0% | 1.0% | 0.8% |
| Return on tangible equity | 9.0% | 7.6% | 11.8% | 9.0% | 7.8% | 12.3% | 13.6% | 11.6% | 11.7% | 8.7% |
| Growth | ||||||||||
| Revenue growth | β | 2.2% | 13.7% | 11.2% | 24.8% | 12.8% | 3.6% | β2.6% | 3.3% | 13.3% |
| Net income growth | β | β14.8% | 63.9% | β11.4% | β1.4% | 59.0% | β12.9% | β9.3% | 7.5% | β9.8% |
| EPS growth | β | β15.4% | 62.7% | β18.4% | β11.0% | 47.7% | β10.9% | β8.2% | 7.6% | β |
| FCF growth | β | 4.4% | 39.9% | β20.8% | 10.5% | 52.4% | β5.1% | β0.1% | β0.5% | β3.3% |
| Share count change | β | 0.8% | 0.8% | 8.7% | 10.7% | 7.0% | β2.0% | β1.4% | 0.1% | β |
| Financial health | ||||||||||
| Debt / equity | 0.3x | 0.4x | 0.2x | 0.4x | 0.1x | 0.0x | 0.3x | 0.1x | 0.0x | 0.1x |
| Loans / deposits | 75.6% | 80.0% | 79.2% | 93.6% | 89.7% | 80.6% | 86.3% | 90.8% | 89.6% | 90.6% |
| Provision / loans | 0.2% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.4% | 0.0% | 0.1% | 0.3% |
| Capital allocation | ||||||||||
| Capex / revenue | 2.8% | 2.9% | 1.8% | 3.9% | 3.4% | 1.8% | 3.1% | 2.2% | 1.8% | 1.6% |
| Stock comp / revenue | 1.0% | 1.1% | 1.3% | 1.1% | 1.1% | 1.2% | 1.2% | 1.4% | 1.4% | 1.0% |
| Payouts / FCF | 87.6% | 63.0% | 47.5% | 72.6% | 67.6% | 48.4% | 50.7% | 49.8% | 49.9% | 54.1% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 3.0 | 6.0 | 3.0 | 4.0 | 6.0 | 4.0 | 5.0 | 5.0 | β |
| Accruals ratio | β0.2% | β0.5% | β0.3% | β0.2% | β0.3% | β0.2% | β0.3% | β0.4% | β0.3% | β0.3% |
Source: SEC EDGAR XBRL filings (CIK 0000810958). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
