Citizens & Northern Corporation (CZNC)

Citizens & Northern 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	117.23	102.52	81.29	76.7	69.48
Interest Income on Investments	10.85	10.98	11.36	7.8	7.68
Total Interest Income	128.08	113.5	92.65	84.5	77.16
Interest Paid on Deposits	39.2	24.23	6.64	4.54	7.23
Interest Paid on Borrowings	9.76	8.87	2.88	2.02	2.36
Total Interest Expense	48.96	33.1	9.52	6.56	9.6
Net Interest Income	79.12	80.4	83.13	77.94	67.57
Net Interest Income Growth (YoY)	-1.60%	-3.28%	6.66%	15.35%	24.00%
Trust Income	7.93	7.41	6.99	7.23	6.32
Gain (Loss) on Sale of Investments	-	-3.04	0.02	0.02	0.17
Other Non-Interest Income	14.26	13.75	11.64	10.56	8.39
Total Non-Interest Income	29.21	24.42	24.43	25.88	24.51
Non-Interest Income Growth (YoY)	19.63%	-0.06%	-5.60%	5.58%	26.96%
Revenues Before Loan Losses	108.32	104.82	107.56	103.82	92.08
Provision for Loan Losses	2.2	0.19	7.26	3.66	3.91
Revenue	106.13	104.63	100.31	100.16	88.17
Revenue Growth (YoY)	1.43%	4.31%	0.15%	13.60%	20.86%
Salaries and Employee Benefits	42.77	41.48	39.4	35.35	31.1
Occupancy Expenses	4.81	4.71	4.93	4.49	4.09
Selling, General & Administrative	12.77	13.44	11.84	10.89	9.34
Other Non-Interest Expense	13.91	14.52	11.78	11.74	11.08
Total Non-Interest Expense	74.26	74.15	67.96	62.47	55.61
EBT Excluding Unusual Items	31.87	30.48	32.35	37.69	32.56
Other Unusual Items	-	-	-	-	-1.64
Pretax Income	31.87	30.48	32.35	37.69	23.21
Income Tax Expense	5.91	6.34	5.73	7.13	3.99
Net Income	25.96	24.15	26.62	30.55	19.22
Preferred Dividends & Other Adjustments	0.21	0.19	0.24	0.24	0.12
Net Income to Common	25.75	23.96	26.38	30.31	19.11
Net Income Growth	7.50%	-9.28%	-12.88%	58.95%	-1.45%
Basic Shares Outstanding	15	15	15	16	15
Diluted Shares Outstanding	15	15	15	16	15
Shares Change (YoY)	0.14%	-1.40%	-1.99%	6.95%	10.70%
EPS (Basic)	1.69	1.57	1.71	1.92	1.30
EPS (Diluted)	1.69	1.57	1.71	1.92	1.30
EPS Growth	7.45%	-8.02%	-11.10%	48.16%	-11.18%
Dividend Per Share	1.120	1.120	1.120	1.120	1.080
Dividend Growth	-	-	-	3.70%	-
Effective Tax Rate	18.55%	20.78%	17.72%	18.93%	17.19%

Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q