Saturday 17 October 2026 Export CZNC’s income statement to Excel — free account

Citizens & Northern Corp

Citizens & Northern Corp’s revenue for fiscal 2025 (year ended December 2025) was $170.1 million, up 8.13% from fiscal 2024. In the quarter to June 2026, revenue grew 26.5%, EPS grew 97.5%, free cash flow grew 90.3% and total debt fell 15.4%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five; insiders bought in the last twelve months.

25.50 0.14 +0.55%

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Market cap: $454.8M
P/E: 17.3×
Fwd P/E: 10.8×
Dividend yield: 4.39%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.08

Total sells 0.08

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	2	2	2	2	2	2	3	2	2	2	2	2
Sell	—	—	—	—	—	—	1	—	1	1	—	—

Insider Ownership 4.46%

Capital & Financial Ratios $m

Market Cap 454.82

Revenue 190.91

Net Income 25.35

Free Cash Flow 44.77

Net Debt 72.86

Current Ratio 0.91

Debt/Equity 0.45

P/E ratio 17.28

Fwd P/E 10.80

P/S ratio 2.37

P/B ratio 1.31

Past 5Y EPS Growth 2.35%

This Y EPS Growth 17.30%

Next Y EPS Growth 26.73%

Next Y revenue growth (13.62%)

Next 5Y EPS Growth 16.03%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 76.04%

10-year low 10-year high

P/S against its own 10 years 28.42%

10-year low 10-year high

P/B against its own 10 years 49.10%

10-year low 10-year high

Dividends

Payout Ratio 0.76

Annual Dividend Rate 1.12

Annual Dividend Yield 4.39%

	total	individual payouts
2027	Powerpack
2026	1.12	0.28 0.28 0.28
2025	1.12	0.28 0.28 0.28 0.28
2024	1.12	0.28 0.28 0.28 0.28
2023	1.12	0.28 0.28 0.28 0.28
2022	1.12	0.28 0.28 0.28 0.28
2021	1.11	0.27 0.28 0.28 0.28
2020	1.08	0.27 0.27 0.27 0.27
2019	0.81	0.10 0.27 0.27 0.27
2018	1.08	0.27 0.27 0.27 0.27
2017	1.04	0.26 0.26 0.26 0.26
2016	1.04	0.26 0.26 0.26 0.26

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	57	126	46	83
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	1,895	2,011	2,381	2,410

	2023	2024	2025	Q'26
Payables	2,015	2,094	2,565	2,604
ST’ Debt	—	—	—	—
Other	—	—	—	—
	2,075	2,130	2,630	2,650

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	49	51	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.02	0.79	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	19.26	22.00	22.00	22.52	14.92	18.98	22.67	16.71	16.50	17.85	Analyst estimates 2026–2028 Powerpack
	High	26.57	26.75	28.99	29.25	29.06	27.99	27.50	23.90	22.93	22.68
People
People	Employees	287	287	299	336	—	—	415	404	386	460
	Revenue/emp, $m	0.21	0.22	0.24	0.25	0.00	0.00	0.28	0.34	0.41	0.37
Income, $m
Income, $m	Revenue	61	62	71	84	102	110	117	138	157	170
	Gross margin, %	93.92	93.71	93.48	87.77	90.56	94.06	91.87	76.00	68.87	72.15
	EBT	21	21	26	23	23	38	32	30	32	29
	EBT margin, %	34.74	33.06	37.01	27.84	22.83	34.14	27.63	22.10	20.26	16.84
	Net income	16	13	22	20	19	31	27	24	26	23
	Depreciation	3	3	3	3	1	2	4	4	4	4
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
	Earnings	1.30	1.10	1.79	1.46	1.30	1.92	1.71	1.57	1.69	1.46
	Cash flow	1.54	1.60	2.12	1.69	1.68	2.21	2.24	2.20	2.16	2.01
	Capex	(0.13)	(0.14)	(0.10)	(0.22)	(0.21)	(0.08)	(0.21)	(0.15)	(0.12)	(0.12)
	Free cash flow	1.41	1.46	2.02	1.47	1.47	2.13	2.03	2.05	2.04	1.89
	Book value	15.46	15.55	16.15	18.38	20.33	19.12	16.13	17.21	18.04	21.42
	Shares, m	12	12	12	13	15	16	15	15	15	16
Valuation, ×
Valuation, ×	P/E	20.07	21.87	14.77	19.22	15.26	13.60	13.36	14.51	11.01	13.63
	P/S	5.17	4.68	4.55	4.47	2.88	3.73	3.02	2.52	1.80	1.89
	P/B	1.69	1.55	1.64	1.54	0.98	1.37	1.42	1.32	1.03	0.94
	EV/Sales	5.27	4.17	4.52	4.74	2.58	3.47	3.41	3.39	2.31	2.57
	EV/FCF	18.92	14.68	12.96	20.32	12.09	11.38	12.76	14.97	11.66	14.50
Cash, $m
Cash, $m	Operating cash flow	19	19	26	22	25	35	35	34	33	32
	Capex	(2)	(2)	(1)	(3)	(3)	(1)	(3)	(2)	(2)	(2)
	Free cash flow	17	18	25	20	22	34	31	31	31	30
Balance, $m
Balance, $m	Working capital	(238)	(226)	(197)	(137)	(125)	(287)	(316)	(180)	(119)	(249)
	Total debt	38	9	36	59	71	76	102	178	205	161
	Net debt	6	(32)	(3)	22	(31)	(29)	47	121	79	115
	Shareholders’ equity	186	188	197	244	300	301	249	262	275	342
Returns, %
Returns, %	ROA	1.28	1.07	1.71	1.32	0.98	1.33	1.10	0.96	1.00	0.81
	ROIC	6.86	8.23	8.42	5.48	5.39	8.65	6.83	4.97	5.62	3.92
	ROE	8.44	7.18	11.35	8.78	7.02	10.08	9.58	9.37	9.58	7.53

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FMAO Farmers & Merchants Bancorp Inc.	$483.7M	12.2×	10.0×	+7.70% (above 0%: growing)	+53.57% (above 0%: growing)	+2,792.25% (above 0%: growing)	67.25%	0.00%	Compare
CZNC Citizens & Northern Corp	$454.8M	17.3×	10.8×	+26.53% (above 0%: growing)	+97.50% (above 0%: growing)	+90.26% (above 0%: growing)	76.74%	0.00%
PBFS Pioneer Bancorp, Inc.	$440.5M	25.2×	24.0×	+17.36% (above 0%: growing)	−46.15% (below 0%: shrinking)	+217.72% (above 0%: growing)	75.84%	0.00%	Compare
FRBA First Bank	$438.9M	10.3×	10.2×	−3.96% (below 0%: shrinking)	+7.32% (above 0%: growing)	−48.72% (below 0%: shrinking)	62.19%	0.00%	Compare
AVBC Avidia Bancorp, Inc.	$436.0M	23.1×	14.7×	+5.48% (above 0%: growing)	—	+391.37% (above 0%: growing)	76.31%	0.00%	Compare
RBB RBB Bancorp	$435.8M	10.5×	10.3×	−4.00% (below 0%: shrinking)	+13.21% (above 0%: growing)	+4.05% (above 0%: growing)	55.01%	0.00%	Compare
PLBC Plumas Bancorp	$431.8M	12.1×	9.7×	+44.00% (above 0%: growing)	+33.64% (above 0%: growing)	+446.81% (above 0%: growing)	86.85%	0.00%	Compare
CBK Commercial Bancgroup, Inc.	$431.5M	10.8×	10.3×	−0.84% (below 0%: shrinking)	+3.15% (above 0%: growing)	+28.43% (above 0%: growing)	73.67%	0.00%	Compare
BMRC Bank of Marin Bancorp	$427.4M	— (loss-making)	11.9×	+120.20% (above 0%: growing)	n/m	+67.51% (above 0%: growing)	74.60%	0.00%	Compare
Median of peers	$435.9M	12.1×	10.3×	+6.59%	+10.26%	+142.62%	74.14%	0.00%

All 323 Banks Regional stocks →

Citizens & Northern Corp (CZNC) key facts

Strength: Citizens & Northern Corp’s revenue for fiscal 2025 (year ended December 2025) was $170.1 million, up 8.13% from fiscal 2024.
Citizens & Northern Corp (CZNC) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, CZNC traded at $25.50, a market capitalization of $454.8 million.
Citizens & Northern Corp pays an annual dividend of $1.12 per share, a yield of 4.39%, with a payout ratio of 75.9%.
Return on equity was 7.53% and debt-to-equity 0.45.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.