Citizens National Corporation (CZNL)

Citizens National Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	18.82	15.34	14.12	16.69	19.01
Interest Income on Investments	8.68	9.93	8.01	3.9	3.72
Total Interest Income	27.5	25.27	22.13	20.59	22.73
Interest Paid on Deposits	8.09	5.43	1.82	1.88	4.04
Interest Paid on Borrowings	1.14	1.16	0.67	0.5	0.65
Total Interest Expense	9.23	6.6	2.49	2.38	4.69
Net Interest Income	18.27	18.67	19.64	18.21	18.05
Net Interest Income Growth (YoY)	-2.16%	-4.90%	7.80%	0.94%	-8.72%
Gain (Loss) on Sale of Assets	0.12	-0.01	-0.04	0.09	-0.18
Gain (Loss) on Sale of Investments	0	-	-	0.01	0.01
Other Non-Interest Income	0.77	0.72	0.7	1.2	0.9
Total Non-Interest Income	4.94	5.01	4.84	5.4	4.46
Non-Interest Income Growth (YoY)	-1.56%	3.64%	-10.39%	21.19%	-19.29%
Revenues Before Loan Losses	23.21	23.69	24.47	23.61	22.5
Provision for Loan Losses	0.08	0.37	-	-	0.35
Revenue	23.12	23.32	24.47	23.61	22.15
Revenue Growth (YoY)	-0.84%	-4.71%	3.64%	6.59%	-7.47%
Salaries and Employee Benefits	8.92	8.59	8.47	8.4	7.92
Occupancy Expenses	2.29	2.29	2.34	2.27	2.1
Federal Deposit Insurance	0.29	0.31	0.2	0.21	0.17
Amortization of Goodwill & Intangibles	-	0.06	0.15	0.15	0.15
Selling, General & Administrative	2.29	2.32	2.19	2.16	1.99
Other Non-Interest Expense	3.86	3.9	4.09	4.22	4.76
Total Non-Interest Expense	17.65	17.46	17.45	17.41	17.09
EBT Excluding Unusual Items	5.47	5.86	7.03	6.2	5.06
Pretax Income	5.47	5.86	7.03	6.2	5.06
Income Tax Expense	0.79	0.83	0.96	0.85	0.37
Net Income	4.68	5.03	6.06	5.36	4.69
Net Income to Common	4.68	5.03	6.06	5.36	4.69
Net Income Growth	-6.86%	-17.04%	13.14%	14.17%	-24.25%
Basic Shares Outstanding	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1
Shares Change (YoY)	-0.30%	-0.50%	-0.20%	-0.80%	-0.69%
EPS (Basic)	4.75	5.08	6.10	5.38	4.67
EPS (Diluted)	4.75	5.08	6.10	5.38	4.67
EPS Growth	-6.58%	-16.62%	13.37%	15.09%	-23.72%
Dividend Per Share	0.980	0.960	0.940	0.900	0.880
Dividend Growth	2.08%	2.13%	4.44%	2.27%	2.33%
Effective Tax Rate	14.40%	14.14%	13.72%	13.63%	7.31%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.