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Citizens & Northern Corp

CZNC Financial Banks Regional

Citizens & Northern Corp’s revenue for fiscal 2025 (year ended December 2025) was $170.1 million, up 8.13% from fiscal 2024.

Revenue
+26.1%
EPS
+119.1%
Free cash flow
+65.3%
Total debt
−15.4%

Quarter to September 2026, against a year earlier

27.92 0.33 −1.17%
Market cap
$507.1M
P/E
14.1×
Fwd P/E
12.9×
Dividend yield
4.08%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.08
Sold, $m 0.08
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 2 2 2 2 2 3 2 2 2 2 2 —
Sell — — — — — 1 — 1 1 — — —
Insider Ownership 4.52%

Capital & Financial Ratios $m

Size
Market Cap 507.11
Revenue ttm 201.58
Net income ttm 35.08
Free cash flow ttm 51.89
Net debt Q (99.99)
Valuation
P/E 14.13
Forward P/E 12.90
Price / sales 2.46
Forward P/S Powerpack
Price / FCF 9.57
Price / book 1.45
Financial health
Current ratio Q 0.91
Debt / equity Q 0.00
Interest coverage Q —
Growth
Revenue growth Q +26.06% (above 0%: growing)
Operating income growth Q +154.55% (above 0%: growing)
EPS, this year +31.89% (at or above 15%: strong)
EPS, next year A +12.70%
Revenue, next year A −13.62% (below 0%: weak)
EPS, past 5 yrs +2.35%
EPS, next 5 yrs A +16.03% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 43.80%
10-year low 10-year high
P/S against its own 10 years 30.57%
10-year low 10-year high
P/B against its own 10 years 69.46%
10-year low 10-year high

Dividends

Yield
4.08%
Annual rate
1.14
Payout ratio
57.7%
Growth, 2018–26
+0.68%/yr
  1. 1.08 ’18
  2. 0.81 ’19 −25
  3. 1.08 ’20 +33
  4. 1.11 ’21 +3
  5. 1.12 ’22 +1
  6. 1.12 ’23 +0
  7. 1.12 ’24 +0
  8. 1.12 ’25 +0
  9. 1.14 ’26 +2
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 57 126 46 100
Receivables — — — —
Inventory — — — —
Other — — — —
1,895 2,011 2,381 —
2023 2024 2025 Q'26
Payables 2,015 2,094 2,565 2,609
ST’ Debt — — — —
Other — — — —
2,075 2,130 2,630 —

Compound Annual Growth %

10y 5y 3y
Sales 10.47% 10.84% 13.25%
Cash Flow 4.98% 5.25% (2.57%)
Earnings 3.50% 4.00% (4.13%)
Book Value 6.19% 2.65% 11.08%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.63 Actual 0.79

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.53 0.47 Miss by 0.06
Q4 FY25 0.58 0.56 Miss by 0.02
Q1 FY26 0.58 0.02 Miss by 0.56
Q2 FY26 0.63 0.79 Beat by 0.16
Q3 FY26 0.68 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.02 0.79 0.92 — —
’25 0.41 0.40 0.42 0.25 1.46
’24 0.35 0.40 0.41 0.53 1.69
’23 0.40 0.39 0.50 0.28 1.57
’22 0.44 0.48 0.29 0.50 1.71
’21 0.55 0.44 0.47 0.46 1.92
’20 0.30 0.39 0.18 0.43 1.30
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 49 51 52 — —
’25 39 41 41 50 170
’24 37 39 40 41 157
’23 32 35 36 36 138
’22 28 28 29 32 117
’21 29 27 27 28 110
’20 22 22 29 29 102
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 9 15 19 — —
’25 2 9 11 11 32
’24 6 9 7 12 33
’23 10 8 8 8 34
’22 6 8 13 8 35
’21 6 10 10 10 35
’20 4 2 9 10 25
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 8 15 18 — —
’25 1 8 11 10 30
’24 5 8 6 12 31
’23 9 8 8 7 31
’22 5 7 12 8 31
’21 6 9 9 9 34
’20 3 1 8 10 22
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 61 62 71 84 102 110 117 138 157 170 202 +12.1% 147 154 — (4.8%)
Gross margin, % 93.92 93.71 93.48 87.77 90.56 94.06 91.87 76.00 68.87 72.15 75.65 (21.8) pt
EBT 21 21 26 23 23 38 32 30 32 29 44 +3.4%
EBT margin, % 34.74 33.06 37.01 27.84 22.83 34.14 27.63 22.10 20.26 16.84 21.61 (17.9) pt
Net income 16 13 22 20 19 31 27 24 26 23 35 +4.5%
Per share, $
Per share, $ Revenue 5.05 5.14 5.81 6.32 6.90 7.00 7.58 9.05 10.31 10.66 11.33 +8.7%
Earnings 1.30 1.10 1.79 1.46 1.30 1.92 1.71 1.57 1.69 1.46 1.98 +1.3%
Cash flow 1.54 1.60 2.12 1.69 1.68 2.21 2.24 2.20 2.16 2.01 3.02 +3.0%
Capex (0.13) (0.14) (0.10) (0.22) (0.21) (0.08) (0.21) (0.15) (0.12) (0.12) (0.11) (1.1%)
Free cash flow 1.41 1.46 2.02 1.47 1.47 2.13 2.03 2.05 2.04 1.89 2.92 +3.3%
Book value 15.46 15.55 16.15 18.38 20.33 19.12 16.13 17.21 18.04 21.42 19.29 +3.7%
Shares, m 12 12 12 13 15 16 15 15 15 16 17 +3.2%
Valuation, ×
Valuation, × P/E 20.07 21.87 14.77 19.22 15.26 13.60 13.36 14.51 11.01 13.63 14.13 15.7
P/S 5.17 4.68 4.55 4.47 2.88 3.73 3.02 2.52 1.80 1.89 2.46 3.5
P/B 1.69 1.55 1.64 1.54 0.98 1.37 1.42 1.32 1.03 0.94 1.45 1.3
EV/Sales 5.27 4.17 4.52 4.74 2.58 3.47 3.41 3.39 2.31 2.57 — 3.6
EV/FCF 18.92 14.68 12.96 20.32 12.09 11.38 12.76 14.97 11.66 14.50 — 14.4
Cash, $m
Cash, $m Operating cash flow 19 19 26 22 25 35 35 34 33 32 54 +6.3%
Capex (2) (2) (1) (3) (3) (1) (3) (2) (2) (2) (2) +2.1%
Free cash flow 17 18 25 20 22 34 31 31 31 30 52 +6.6%
Balance, $m
Balance, $m Working capital (238) (226) (197) (137) (125) (287) (316) (180) (119) (249) (241) +0.5%
Net debt 6 (32) (3) 22 (31) (29) 47 121 79 115 (100) +38.0%
Shareholders’ equity 186 188 197 244 300 301 249 262 275 342 343 +7.0%
Returns, %
Returns, % ROA 1.28 1.07 1.71 1.32 0.98 1.33 1.10 0.96 1.00 0.81 1.21 (0.5) pt
ROIC 6.86 8.23 8.42 5.48 5.39 8.65 6.83 4.97 5.62 3.92 11.19 (2.9) pt
ROE 8.44 7.18 11.35 8.78 7.02 10.08 9.58 9.37 9.58 7.53 11.00 (0.9) pt
People
People Employees 287 287 299 336 — — 415 404 386 460 — +5.4%
Revenue/emp, $m 0.21 0.22 0.24 0.25 0.00 0.00 0.28 0.34 0.41 0.37 — +6.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026

Citizens & Northern Corp vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
OBT Orange County Bancorp, Inc. $534.6M 11.1× 10.5× −16.27% (below 0%: shrinking) +17.24% (above 0%: growing) +491.65% (above 0%: growing) 81.95% 0.00% Compare
PDLB Ponce Financial Group, Inc. $528.0M 11.2× 2.1× +20.72% (above 0%: growing) +188.89% (above 0%: growing) +1,603.44% (above 0%: growing) 59.70% 0.00% Compare
NRIM Northrim BanCorp Inc $524.3M 9.4× 9.5× −9.44% (below 0%: shrinking) −47.97% (below 0%: shrinking) −115.99% (below 0%: shrinking) 85.30% 0.00% Compare
WTBA West Bancorporation, Inc. $523.4M 12.8× 11.5× +1.00% (above 0%: growing) +24.04% (above 0%: growing) +44.69% (above 0%: growing) 56.06% 0.00% Compare
CZNC Citizens & Northern Corp $507.1M 14.1× 12.9× +26.06% (above 0%: growing) +119.05% (above 0%: growing) +65.33% (above 0%: growing) 76.62% 0.00%
FMAO Farmers & Merchants Bancorp Inc. $500.5M 11.7× 11.3× +6.18% (above 0%: growing) +32.48% (above 0%: growing) +35.98% (above 0%: growing) 67.12% 0.00% Compare
FRBA First Bank $493.4M 11.4× 11.5× −3.96% (below 0%: shrinking) +7.32% (above 0%: growing) −48.72% (below 0%: shrinking) 62.19% 0.00% Compare
PBAM Private Bancorp of America, Inc. $482.0M 10.8× 10.1× +1.51% (above 0%: growing) +27.22% (above 0%: growing) +7,335.44% (above 0%: growing) 77.85% 0.00% Compare
HBCP Home Bancorp, Inc. $478.0M 10.6× 10.7× +1.86% (above 0%: growing) −19.05% (below 0%: shrinking) +17.52% (above 0%: growing) 74.37% 0.00% Compare
Median of peers $512.0M 11.2× 10.6× +1.26% +20.64% +40.34% 70.75% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 13 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.05m 1.09m 132.32
2024 1.45m 1.36m 115.22
2023 1.23m 1.22m 131.21
2022 1.09m 915.31k 126.52
2021 1.11m 1.20m 138.06

Ownership

Directors and executive officers, together 4.72%
BlackRock, Inc. 6.43%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Citizens & Northern Corp (CZNC) Latest News

23 Oct

Impact 3 · · Simply Wall St. earnings

6 Feb

Impact 3 · · Zacks

29 Jan

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

28 Jan

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

27 Jan

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Impact 4 · · Simply Wall St.

26 Jan

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20 Jan

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16 Jan

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15 Jan

Impact 3 ·

14 Jan

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13 Jan

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12 Jan

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9 Jan

Impact 3 · · Simply Wall St.

8 Jan

Impact 3 · · Simply Wall St.

5 Jan

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

1 Jan

Impact 3 · · Simply Wall St.

31 Dec

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

30 Dec

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.
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29 Dec

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
stockrow.com/CZNC · Data as of Nov 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com