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Citizens & Northern Corporation

Citizens & Northern Corporation

NASDAQ•CZNC
CEO: Mr. J. Bradley Scovill
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1994-04-05
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. Its 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; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit. The company also offers wealth management services comprising 401(k) plans, retirement planning, estate planning, estate settlements, and asset management; personal and commercial insurance products; and mutual funds, annuities, educational savings accounts, and other investment products through registered agents; and reinsures credit and mortgage, life and accident, and health insurance products. Citizens & Northern Corporation was founded in 1864 and is headquartered in Wellsboro, Pennsylvania.
Contact Information
90-92 Main Street, PO Box 58, Wellsboro, PA, 16901, United States
570-724-3411
www.cnbankpa.com
Market Cap
$329.26M
P/E (TTM)
12.2
15.1
Dividend Yield
5.2%
52W High
$22.68
52W Low
$18.02
52W Range
74%
Rank46Top 59.5%
3.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$40.43M+1.80%
4-Quarter Trend

EPS

$0.42+2.44%
4-Quarter Trend

FCF

$10.90M+69.08%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Growth Reported Nine-month net income reached $18.96M, up from $17.78M last year, reflecting strong core operational performance before merger impacts.
NIM Significantly Expanded Fully taxable equivalent NIM improved to 3.51% (vs 3.30%), driven by higher earning asset yields outpacing the decrease in funding costs.
Loan Portfolio Increased Total gross loans grew $49.26M since year-end 2024, with commercial loans comprising 76% of the total portfolio as of September 30, 2025.
Strong Capital Position C&N Bank's Common Equity Tier 1 ratio stood at 13.98%, comfortably exceeding regulatory minimums and maintaining capital conservation buffers.

Risk Factors

Credit Provisioning Increased Provision for credit losses rose to $4.75M for nine months, reflecting higher Allowance for Credit Losses due to qualitative factor adjustments.
Acquisition Integration Challenges Successful realization of anticipated merger benefits depends on effective integration, which risks key employee loss and business disruption.
Nonperforming Assets Rising Total nonperforming assets increased to $27.19M (1.02% of assets), primarily due to a $1.92M increase in nonaccrual loans.
Interest Rate Shock Exposure Hypothetical interest rate increases could cause significant declines in Economic Value of Equity, approaching the 40.0% risk limit.

Outlook

Merger Integration Focus Management attention is currently diverted by Susquehanna integration; success requires retaining key personnel and differentiating market services.
Credit Quality Monitoring Management closely monitors commercial loan segment, expecting potential variability in realized losses versus current ACL estimates based on economic forecasts.
Deposit Base Stability Total deposits grew to $2.17B, but management must manage the significant reduction in average brokered deposits observed year-to-date.
Capital Requirements Evolving The Corporation anticipates being subject to stricter consolidated capital requirements in future periods following the recent Susquehanna acquisition.

Peer Comparison

Revenue (TTM)

RBB BancorpRBB
$235.28M
-0.7%
FS Bancorp, Inc.FSBW
$219.50M
+13.1%
PCB BancorpPCB
$206.18M
+10.8%

Gross Margin (Latest Quarter)

Orange County Bancorp, Inc.OBT
72.3%
+16.3pp
Waterstone Financial, Inc.WSBF
71.6%
+5.5pp
Plumas BancorpPLBC
68.7%
-20.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
OBT$397.46M10.916.0%0.0%
RBB$367.53M14.55.1%6.9%
CZNC$329.26M12.29.5%6.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.1%
Flat Growth
4Q Net Income CAGR
-7.1%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 22, 2026
|
EPS:$0.59
|
Revenue:$35.40M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $40.43M+1.8%
    |
    EPS: $0.42+2.4%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $40.19M+3.8%
    |
    EPS: $0.40+0.0%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $38.33M+4.9%
    |
    EPS: $0.41+17.1%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 6, 2025|
    Revenue: $155.47M+14.1%
    |
    EPS: $1.69+7.6%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $39.71M+13.1%
    |
    EPS: $0.41-18.0%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $38.71M+13.0%
    |
    EPS: $0.40+2.6%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $36.52M+16.8%
    |
    EPS: $0.35-12.5%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 11, 2024|
    Revenue: $136.24M+18.0%
    |
    EPS: $1.57-8.2%
    Beat