Citizens & Northern Corp

Chart & Performance

D1W1MN

P/E

11.81

P/S

2.73

EPS

1.57

Div Yield, %

5.46%

Shrs. gr., 5y

4.45%

Rev. gr., 5y

9.65%

Revenues

105m

-1.25%

Net income

24m

-9.28%

CFO

34m

-3.04%

Dividend

Jul 29, 20240.28 USD/sh

Earnings

Jan 16, 2025

Profile

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers. The company offers lending products include commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit; and deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits. It also offers wealth management services, including administration of trusts and estates, retirement plans, and other employee benefit plans, and investment management services; and a range of personal and commercial insurance products; mutual funds, annuities, educational savings accounts, and other investment products through registered agents. In addition, the company reinsures credit and mortgage, life and accident, and health insurance products. As of December 31, 2021, it had 31 branch offices, including 23 in the Northern tier/Northcentral region of Pennsylvania, 2 in the Southern tier of New York State, 4 in Southeastern Pennsylvania, and 2 in Southcentral Pennsylvania, as well as a lending office in Elmira, New York. The company was founded in 1864 and is based in Wellsboro, Pennsylvania.

URL

https://www.cnbankpa.com/About/Investor-Relations/C-N-Corporate-Profile

IPO date

Oct 27, 1993

Employees

412

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	104,631 -1.25%	105,959 2.06%	103,820 14.28%
Cost of revenue	59,631	41,833	48,490
Unusual Expense (Income)
NOPBT	45,000	64,126	55,330
NOPBT Margin	43.01%	60.52%	53.29%
Operating Taxes	6,335	5,732	7,133
Tax Rate	14.08%	8.94%	12.89%
NOPAT	38,665	58,394	48,197
Net income	24,148 -9.28%	26,618 -12.88%	30,554 58.95%
Dividends	(15,569)	(15,865)	(15,976)
Dividend yield	4.55%	4.49%	3.88%
Proceeds from repurchase of equity	(6,784)	(9,189)	(7,374)
BB yield	1.98%	2.60%	1.79%
Debt
Debt current	63,661	77,000	1,803
Long-term debt	148,671	185,271	80,766
Deferred revenue		(2,056)	74,027
Other long-term liabilities	2,105,954	(79,173)	(77,555)
Net debt	(353,751)	(788,843)	(1,057,737)
Cash flow
Cash from operating activities	33,548	34,599	34,844
CAPEX	(32,265)	(3,288)	(1,864)
Cash from investing activities	(53,202)	(234,688)	(103,895)
Cash from financing activities	24,734	151,939	68,882
FCF	(9,467)	(28,150)	75,399
Balance
Cash	537,484	553,081	622,627
Long term investments	28,599	498,033	517,679
Excess cash	560,851	1,045,816	1,135,115
Stockholders' equity	134,621	401,068	444,017
Invested Capital	2,444,624	2,128,183	1,858,278
ROIC	1.69%	2.93%	2.62%
ROCE	1.74%	2.53%	2.40%
EV
Common stock shares outstanding	15,242	15,459	15,772
Price	22.43 -1.88%	22.86 -12.48%	26.12 31.65%
Market cap	341,875 -3.26%	353,382 -14.22%	411,963 40.80%
EV	(11,876)	(435,461)	(645,774)
EBITDA	47,559	66,515	57,460
EV/EBITDA
Interest	33,104	9,519	6,562
Interest/NOPBT	73.56%	14.84%	11.86%