Annual Income Statements for Citizens & Northern
This table shows Citizens & Northern's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Citizens & Northern
This table shows Citizens & Northern's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
4.46 |
7.78 |
6.25 |
6.04 |
7.59 |
4.26 |
5.31 |
6.11 |
6.37 |
8.17 |
Consolidated Net Income / (Loss) |
|
4.46 |
7.78 |
6.25 |
6.04 |
7.59 |
4.26 |
5.31 |
6.11 |
6.37 |
8.17 |
Net Income / (Loss) Continuing Operations |
|
4.46 |
7.78 |
6.25 |
6.04 |
7.59 |
4.26 |
5.31 |
6.11 |
6.37 |
8.17 |
Total Pre-Tax Income |
|
5.31 |
9.55 |
7.66 |
7.46 |
9.44 |
5.92 |
6.46 |
7.48 |
7.81 |
10 |
Total Revenue |
|
27 |
28 |
26 |
27 |
26 |
25 |
26 |
27 |
27 |
28 |
Net Interest Income / (Expense) |
|
21 |
22 |
21 |
20 |
20 |
20 |
19 |
19 |
20 |
20 |
Total Interest Income |
|
24 |
26 |
26 |
28 |
29 |
30 |
30 |
31 |
33 |
33 |
Loans and Leases Interest Income |
|
21 |
23 |
23 |
25 |
26 |
27 |
27 |
28 |
29 |
29 |
Investment Securities Interest Income |
|
3.12 |
3.28 |
3.14 |
3.09 |
3.04 |
3.17 |
3.09 |
3.24 |
4.38 |
4.58 |
Total Interest Expense |
|
2.83 |
3.56 |
5.36 |
7.65 |
9.46 |
11 |
11 |
12 |
13 |
13 |
Deposits Interest Expense |
|
1.97 |
2.63 |
3.23 |
5.10 |
7.26 |
8.64 |
8.89 |
9.31 |
10 |
11 |
Short-Term Borrowings Interest Expense |
|
0.18 |
0.13 |
1.10 |
1.14 |
0.68 |
0.32 |
0.60 |
0.36 |
0.18 |
0.03 |
Long-Term Debt Interest Expense |
|
0.68 |
0.81 |
1.03 |
1.41 |
1.51 |
1.68 |
1.81 |
2.21 |
2.34 |
2.25 |
Total Non-Interest Income |
|
5.67 |
6.11 |
5.62 |
6.63 |
6.49 |
5.68 |
6.68 |
7.85 |
7.13 |
7.55 |
Trust Fees by Commissions |
|
0.70 |
7.50 |
2.21 |
2.17 |
2.31 |
2.40 |
2.44 |
2.54 |
2.47 |
2.75 |
Other Service Charges |
|
4.69 |
2.64 |
3.19 |
4.18 |
1.08 |
-3.84 |
3.58 |
1.94 |
3.85 |
-4.14 |
Net Realized & Unrealized Capital Gains on Investments |
|
0.15 |
0.02 |
0.08 |
0.14 |
0.24 |
-2.77 |
0.19 |
0.24 |
0.36 |
0.37 |
Other Non-Interest Income |
|
0.13 |
-4.05 |
0.14 |
0.15 |
2.86 |
9.89 |
0.47 |
3.14 |
0.46 |
8.56 |
Provision for Credit Losses |
|
3.79 |
2.26 |
-0.35 |
0.81 |
-1.23 |
0.95 |
0.95 |
0.57 |
1.21 |
-0.53 |
Total Non-Interest Expense |
|
17 |
17 |
19 |
19 |
18 |
18 |
18 |
19 |
18 |
18 |
Salaries and Employee Benefits |
|
11 |
10 |
11 |
11 |
11 |
11 |
12 |
11 |
11 |
11 |
Net Occupancy & Equipment Expense |
|
3.22 |
3.06 |
3.34 |
3.22 |
3.09 |
3.29 |
3.44 |
3.34 |
3.26 |
3.20 |
Other Operating Expenses |
|
3.40 |
3.39 |
4.32 |
4.72 |
3.97 |
4.00 |
3.30 |
4.90 |
4.14 |
3.76 |
Income Tax Expense |
|
0.86 |
1.77 |
1.41 |
1.42 |
1.85 |
1.66 |
1.15 |
1.37 |
1.45 |
1.95 |
Basic Earnings per Share |
|
$0.29 |
$0.50 |
$0.40 |
$0.39 |
$0.50 |
$0.28 |
$0.35 |
$0.40 |
$0.41 |
$0.53 |
Weighted Average Basic Shares Outstanding |
|
15.50M |
15.56M |
15.36M |
15.26M |
15.27M |
15.38M |
15.38M |
15.39M |
15.41M |
15.47M |
Diluted Earnings per Share |
|
$0.29 |
$0.50 |
$0.40 |
$0.39 |
$0.50 |
$0.28 |
$0.35 |
$0.40 |
$0.41 |
$0.53 |
Weighted Average Diluted Shares Outstanding |
|
15.50M |
15.56M |
15.36M |
15.26M |
15.27M |
15.38M |
15.38M |
15.39M |
15.41M |
15.47M |
Weighted Average Basic & Diluted Shares Outstanding |
|
15.50M |
15.56M |
15.36M |
15.26M |
15.27M |
15.38M |
15.38M |
15.39M |
15.41M |
15.47M |
Annual Cash Flow Statements for Citizens & Northern
This table details how cash moves in and out of Citizens & Northern's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-48 |
5.08 |
71 |
Net Cash From Operating Activities |
35 |
34 |
33 |
Net Cash From Continuing Operating Activities |
35 |
34 |
33 |
Net Income / (Loss) Continuing Operations |
27 |
24 |
26 |
Consolidated Net Income / (Loss) |
27 |
24 |
26 |
Provision For Loan Losses |
7.26 |
0.19 |
2.20 |
Depreciation Expense |
2.39 |
2.15 |
2.18 |
Amortization Expense |
1.58 |
1.77 |
1.65 |
Non-Cash Adjustments to Reconcile Net Income |
0.88 |
2.53 |
-3.92 |
Changes in Operating Assets and Liabilities, net |
-4.12 |
2.76 |
4.98 |
Net Cash From Investing Activities |
-235 |
-53 |
-21 |
Net Cash From Continuing Investing Activities |
-235 |
-53 |
-21 |
Purchase of Property, Leasehold Improvements and Equipment |
-3.29 |
-2.27 |
-1.91 |
Purchase of Investment Securities |
-308 |
-191 |
-81 |
Sale and/or Maturity of Investments |
65 |
117 |
55 |
Other Investing Activities, net |
12 |
23 |
7.01 |
Net Cash From Financing Activities |
152 |
25 |
59 |
Net Cash From Continuing Financing Activities |
152 |
25 |
59 |
Net Change in Deposits |
73 |
17 |
79 |
Issuance of Debt |
50 |
39 |
59 |
Issuance of Common Equity |
0.16 |
0.00 |
0.00 |
Repayment of Debt |
54 |
-9.40 |
-64 |
Repurchase of Common Equity |
-9.35 |
-6.78 |
-0.63 |
Payment of Dividends |
-16 |
-16 |
-16 |
Quarterly Cash Flow Statements for Citizens & Northern
This table details how cash moves in and out of Citizens & Northern's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-4.89 |
-7.75 |
-1.59 |
0.05 |
2.15 |
4.47 |
-10 |
54 |
85 |
-58 |
Net Cash From Operating Activities |
|
13 |
8.06 |
9.55 |
7.79 |
8.46 |
7.75 |
5.73 |
8.63 |
6.60 |
12 |
Net Cash From Continuing Operating Activities |
|
13 |
8.06 |
9.55 |
7.79 |
8.46 |
7.75 |
5.73 |
8.63 |
6.60 |
12 |
Net Income / (Loss) Continuing Operations |
|
4.46 |
7.78 |
6.25 |
6.04 |
7.59 |
4.26 |
5.31 |
6.11 |
6.37 |
8.17 |
Consolidated Net Income / (Loss) |
|
4.46 |
7.78 |
6.25 |
6.04 |
7.59 |
4.26 |
5.31 |
6.11 |
6.37 |
8.17 |
Provision For Loan Losses |
|
3.79 |
2.26 |
-0.35 |
0.81 |
-1.23 |
0.95 |
0.95 |
0.57 |
1.21 |
-0.53 |
Depreciation Expense |
|
0.77 |
0.61 |
0.57 |
0.53 |
0.53 |
0.52 |
0.51 |
0.55 |
0.58 |
0.55 |
Amortization Expense |
|
0.49 |
0.42 |
0.53 |
0.35 |
0.48 |
0.42 |
0.43 |
0.43 |
0.41 |
0.38 |
Non-Cash Adjustments to Reconcile Net Income |
|
1.80 |
-0.81 |
0.42 |
0.25 |
-0.39 |
2.25 |
0.09 |
-1.64 |
-3.04 |
0.67 |
Changes in Operating Assets and Liabilities, net |
|
1.22 |
-2.21 |
2.13 |
-0.19 |
1.47 |
-0.65 |
-1.56 |
2.63 |
1.08 |
2.83 |
Net Cash From Investing Activities |
|
-20 |
-54 |
27 |
-48 |
-19 |
-13 |
-19 |
-18 |
22 |
-5.92 |
Net Cash From Continuing Investing Activities |
|
-20 |
-54 |
27 |
-48 |
-19 |
-13 |
-19 |
-18 |
22 |
-5.92 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.83 |
-0.30 |
-0.28 |
-0.28 |
-0.83 |
-0.88 |
-0.74 |
-0.66 |
-0.15 |
-0.35 |
Purchase of Investment Securities |
|
-50 |
-65 |
-12 |
-77 |
-15 |
-86 |
-28 |
-32 |
-4.40 |
-17 |
Sale and/or Maturity of Investments |
|
25 |
9.96 |
35 |
20 |
11 |
51 |
7.48 |
11 |
26 |
11 |
Other Investing Activities, net |
|
6.00 |
0.84 |
3.63 |
9.34 |
-13 |
23 |
2.70 |
2.54 |
0.75 |
1.02 |
Net Cash From Financing Activities |
|
2.29 |
39 |
-38 |
40 |
13 |
9.57 |
2.46 |
64 |
56 |
-64 |
Net Cash From Continuing Financing Activities |
|
2.29 |
39 |
-38 |
40 |
13 |
9.57 |
2.46 |
64 |
56 |
-64 |
Net Change in Deposits |
|
75 |
-42 |
-82 |
94 |
15 |
-10 |
-19 |
63 |
77 |
-42 |
Repayment of Debt |
|
-0.03 |
74 |
6.31 |
-62 |
-8.20 |
54 |
-6.03 |
-23 |
-16 |
-18 |
Repurchase of Common Equity |
|
-0.27 |
- |
-1.87 |
-4.64 |
-0.22 |
-0.07 |
-0.21 |
-0.38 |
-0.06 |
0.03 |
Payment of Dividends |
|
-3.94 |
-3.94 |
-3.95 |
-3.90 |
-3.85 |
-3.87 |
-3.88 |
-3.88 |
-3.88 |
-3.89 |
Annual Balance Sheets for Citizens & Northern
This table presents Citizens & Northern's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
2,454 |
2,516 |
2,611 |
Cash and Due from Banks |
26 |
25 |
21 |
Interest Bearing Deposits at Other Banks |
29 |
32 |
105 |
Trading Account Securities |
498 |
416 |
402 |
Loans and Leases, Net of Allowance |
1,723 |
1,829 |
1,876 |
Loans and Leases |
1,740 |
1,848 |
1,896 |
Allowance for Loan and Lease Losses |
17 |
19 |
20 |
Accrued Investment Income |
8.65 |
9.14 |
8.74 |
Premises and Equipment, Net |
22 |
22 |
21 |
Goodwill |
53 |
53 |
53 |
Intangible Assets |
2.88 |
2.47 |
2.08 |
Other Assets |
92 |
128 |
122 |
Total Liabilities & Shareholders' Equity |
2,454 |
2,516 |
2,611 |
Total Liabilities |
2,205 |
2,253 |
2,335 |
Non-Interest Bearing Deposits |
564 |
491 |
487 |
Interest Bearing Deposits |
1,434 |
1,524 |
1,607 |
Short-Term Debt |
80 |
34 |
2.49 |
Long-Term Debt |
102 |
178 |
205 |
Other Long-Term Liabilities |
26 |
27 |
34 |
Total Equity & Noncontrolling Interests |
249 |
262 |
275 |
Total Preferred & Common Equity |
249 |
262 |
275 |
Preferred Stock |
0.00 |
0.00 |
0.00 |
Total Common Equity |
249 |
262 |
275 |
Common Stock |
160 |
160 |
160 |
Retained Earnings |
152 |
157 |
166 |
Treasury Stock |
-13 |
-17 |
-13 |
Accumulated Other Comprehensive Income / (Loss) |
-50 |
-38 |
-37 |
Quarterly Balance Sheets for Citizens & Northern
This table presents Citizens & Northern's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
2,400 |
2,430 |
2,471 |
2,484 |
2,522 |
2,593 |
2,671 |
Cash and Due from Banks |
|
31 |
23 |
25 |
26 |
18 |
27 |
26 |
Interest Bearing Deposits at Other Banks |
|
33 |
29 |
27 |
27 |
28 |
74 |
159 |
Trading Account Securities |
|
488 |
473 |
446 |
429 |
405 |
401 |
408 |
Loans and Leases, Net of Allowance |
|
1,674 |
1,727 |
1,795 |
1,813 |
1,852 |
1,873 |
1,872 |
Loans and Leases |
|
1,690 |
1,745 |
1,815 |
1,831 |
1,872 |
1,893 |
1,893 |
Allowance for Loan and Lease Losses |
|
16 |
18 |
19 |
18 |
20 |
20 |
20 |
Accrued Investment Income |
|
8.43 |
8.81 |
8.44 |
9.31 |
9.47 |
9.17 |
9.42 |
Premises and Equipment, Net |
|
22 |
21 |
21 |
21 |
22 |
22 |
22 |
Goodwill |
|
53 |
53 |
53 |
53 |
53 |
53 |
53 |
Intangible Assets |
|
2.99 |
2.78 |
2.67 |
2.57 |
2.37 |
2.27 |
2.18 |
Other Assets |
|
88 |
1,819 |
93 |
104 |
131 |
133 |
120 |
Total Liabilities & Shareholders' Equity |
|
2,400 |
2,430 |
2,471 |
2,484 |
2,522 |
2,593 |
2,671 |
Total Liabilities |
|
2,161 |
2,174 |
2,223 |
2,244 |
2,260 |
2,330 |
2,394 |
Non-Interest Bearing Deposits |
|
558 |
545 |
510 |
496 |
494 |
502 |
513 |
Interest Bearing Deposits |
|
1,482 |
1,371 |
1,500 |
1,529 |
1,502 |
1,558 |
1,623 |
Short-Term Debt |
|
2.46 |
93 |
31 |
23 |
49 |
17 |
11 |
Long-Term Debt |
|
95 |
138 |
155 |
165 |
188 |
225 |
214 |
Other Long-Term Liabilities |
|
25 |
27 |
26 |
31 |
27 |
28 |
32 |
Total Equity & Noncontrolling Interests |
|
239 |
256 |
248 |
240 |
262 |
263 |
277 |
Total Preferred & Common Equity |
|
239 |
256 |
248 |
240 |
262 |
263 |
277 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
239 |
256 |
248 |
240 |
262 |
263 |
277 |
Common Stock |
|
160 |
159 |
160 |
160 |
159 |
159 |
159 |
Retained Earnings |
|
148 |
152 |
154 |
157 |
158 |
160 |
162 |
Treasury Stock |
|
-13 |
-13 |
-17 |
-17 |
-15 |
-15 |
-14 |
Accumulated Other Comprehensive Income / (Loss) |
|
-56 |
-43 |
-48 |
-60 |
-41 |
-41 |
-30 |
Annual Metrics and Ratios for Citizens & Northern
This table displays calculated financial ratios and metrics derived from Citizens & Northern's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
3.60% |
-2.55% |
3.35% |
EBITDA Growth |
-13.57% |
-5.26% |
3.75% |
EBIT Growth |
-14.16% |
-5.77% |
4.55% |
NOPAT Growth |
-12.88% |
-9.28% |
7.50% |
Net Income Growth |
-12.88% |
-9.28% |
7.50% |
EPS Growth |
-10.94% |
-8.19% |
7.64% |
Operating Cash Flow Growth |
-0.70% |
-3.04% |
-1.53% |
Free Cash Flow Firm Growth |
-160.02% |
26.02% |
190.78% |
Invested Capital Growth |
13.76% |
9.98% |
1.86% |
Revenue Q/Q Growth |
2.16% |
-2.90% |
2.60% |
EBITDA Q/Q Growth |
1.17% |
-12.48% |
12.28% |
EBIT Q/Q Growth |
1.78% |
-10.64% |
15.17% |
NOPAT Q/Q Growth |
1.80% |
-12.72% |
17.75% |
Net Income Q/Q Growth |
1.80% |
-12.72% |
17.75% |
EPS Q/Q Growth |
2.40% |
-12.29% |
17.36% |
Operating Cash Flow Q/Q Growth |
-4.55% |
-0.92% |
15.08% |
Free Cash Flow Firm Q/Q Growth |
-132.84% |
70.73% |
132.50% |
Invested Capital Q/Q Growth |
28.29% |
10.72% |
-3.99% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
33.77% |
32.83% |
32.96% |
EBIT Margin |
30.08% |
29.08% |
29.42% |
Profit (Net Income) Margin |
24.75% |
23.04% |
23.96% |
Tax Burden Percent |
82.28% |
79.22% |
81.45% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
17.72% |
20.78% |
18.55% |
Return on Invested Capital (ROIC) |
6.57% |
5.34% |
5.42% |
ROIC Less NNEP Spread (ROIC-NNEP) |
6.57% |
5.34% |
5.42% |
Return on Net Nonoperating Assets (RNNOA) |
3.09% |
4.10% |
4.23% |
Return on Equity (ROE) |
9.67% |
9.44% |
9.66% |
Cash Return on Invested Capital (CROIC) |
-6.30% |
-4.17% |
3.58% |
Operating Return on Assets (OROA) |
1.35% |
1.23% |
1.24% |
Return on Assets (ROA) |
1.11% |
0.97% |
1.01% |
Return on Common Equity (ROCE) |
9.67% |
9.44% |
9.66% |
Return on Equity Simple (ROE_SIMPLE) |
10.68% |
9.20% |
9.43% |
Net Operating Profit after Tax (NOPAT) |
27 |
24 |
26 |
NOPAT Margin |
24.75% |
23.04% |
23.96% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
50.36% |
54.51% |
53.70% |
Operating Expenses to Revenue |
63.18% |
70.74% |
68.55% |
Earnings before Interest and Taxes (EBIT) |
32 |
30 |
32 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
36 |
34 |
36 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
1.25 |
1.22 |
1.03 |
Price to Tangible Book Value (P/TBV) |
1.61 |
1.54 |
1.28 |
Price to Revenue (P/Rev) |
2.91 |
3.05 |
2.61 |
Price to Earnings (P/E) |
11.74 |
13.23 |
10.90 |
Dividend Yield |
5.55% |
5.36% |
6.10% |
Earnings Yield |
8.51% |
7.56% |
9.17% |
Enterprise Value to Invested Capital (EV/IC) |
1.02 |
1.00 |
0.75 |
Enterprise Value to Revenue (EV/Rev) |
4.08 |
4.52 |
3.36 |
Enterprise Value to EBITDA (EV/EBITDA) |
12.10 |
13.78 |
10.21 |
Enterprise Value to EBIT (EV/EBIT) |
13.58 |
15.56 |
11.43 |
Enterprise Value to NOPAT (EV/NOPAT) |
16.51 |
19.64 |
14.04 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
12.70 |
14.14 |
11.03 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
0.00 |
0.00 |
21.26 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.73 |
0.81 |
0.75 |
Long-Term Debt to Equity |
0.41 |
0.68 |
0.75 |
Financial Leverage |
0.47 |
0.77 |
0.78 |
Leverage Ratio |
8.68 |
9.71 |
9.53 |
Compound Leverage Factor |
8.68 |
9.71 |
9.53 |
Debt to Total Capital |
42.17% |
44.66% |
43.00% |
Short-Term Debt to Total Capital |
18.57% |
7.14% |
0.52% |
Long-Term Debt to Total Capital |
23.59% |
37.52% |
42.48% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
57.83% |
55.34% |
57.00% |
Debt to EBITDA |
5.01 |
6.15 |
5.82 |
Net Debt to EBITDA |
3.49 |
4.50 |
2.28 |
Long-Term Debt to EBITDA |
2.80 |
5.17 |
5.75 |
Debt to NOPAT |
6.83 |
8.77 |
8.00 |
Net Debt to NOPAT |
4.76 |
6.41 |
3.14 |
Long-Term Debt to NOPAT |
3.82 |
7.37 |
7.90 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
-26 |
-19 |
17 |
Operating Cash Flow to CapEx |
1,052.28% |
1,481.15% |
1,733.21% |
Free Cash Flow to Firm to Interest Expense |
-2.68 |
-0.57 |
0.35 |
Operating Cash Flow to Interest Expense |
3.63 |
1.01 |
0.67 |
Operating Cash Flow Less CapEx to Interest Expense |
3.29 |
0.95 |
0.64 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.05 |
0.04 |
0.04 |
Fixed Asset Turnover |
5.09 |
4.85 |
5.04 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
431 |
474 |
483 |
Invested Capital Turnover |
0.27 |
0.23 |
0.23 |
Increase / (Decrease) in Invested Capital |
52 |
43 |
8.81 |
Enterprise Value (EV) |
439 |
474 |
364 |
Market Capitalization |
313 |
319 |
283 |
Book Value per Share |
$16.09 |
$17.18 |
$17.86 |
Tangible Book Value per Share |
$12.51 |
$13.58 |
$14.32 |
Total Capital |
431 |
474 |
483 |
Total Debt |
182 |
212 |
208 |
Total Long-Term Debt |
102 |
178 |
205 |
Net Debt |
127 |
155 |
81 |
Capital Expenditures (CapEx) |
3.29 |
2.27 |
1.91 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
182 |
212 |
208 |
Total Depreciation and Amortization (D&A) |
3.97 |
3.93 |
3.83 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$1.71 |
$1.57 |
$1.69 |
Adjusted Weighted Average Basic Shares Outstanding |
15.56M |
15.38M |
15.47M |
Adjusted Diluted Earnings per Share |
$1.71 |
$1.57 |
$1.69 |
Adjusted Weighted Average Diluted Shares Outstanding |
15.56M |
15.38M |
15.47M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
15.56M |
15.38M |
15.47M |
Normalized Net Operating Profit after Tax (NOPAT) |
27 |
24 |
26 |
Normalized NOPAT Margin |
24.75% |
23.04% |
23.96% |
Pre Tax Income Margin |
30.08% |
29.08% |
29.42% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
3.40 |
0.92 |
0.65 |
NOPAT to Interest Expense |
2.80 |
0.73 |
0.53 |
EBIT Less CapEx to Interest Expense |
3.05 |
0.85 |
0.61 |
NOPAT Less CapEx to Interest Expense |
2.45 |
0.66 |
0.49 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
59.60% |
64.47% |
59.83% |
Augmented Payout Ratio |
94.73% |
92.57% |
62.25% |
Quarterly Metrics and Ratios for Citizens & Northern
This table displays calculated financial ratios and metrics derived from Citizens & Northern's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
2.74% |
8.69% |
0.93% |
2.05% |
-1.50% |
-11.02% |
-2.58% |
1.12% |
4.35% |
10.87% |
EBITDA Growth |
|
-42.45% |
4.13% |
-8.72% |
-12.75% |
58.97% |
-35.22% |
-15.53% |
1.27% |
-15.76% |
61.14% |
EBIT Growth |
|
-40.74% |
6.31% |
-8.55% |
-18.06% |
77.62% |
-38.00% |
-15.71% |
0.23% |
-17.21% |
70.91% |
NOPAT Growth |
|
-39.79% |
6.45% |
-9.31% |
-19.31% |
70.39% |
-45.22% |
-15.14% |
1.16% |
-16.15% |
91.83% |
Net Income Growth |
|
-39.79% |
6.45% |
-9.31% |
-19.31% |
70.39% |
-45.22% |
-15.14% |
1.16% |
-16.15% |
91.83% |
EPS Growth |
|
-38.30% |
8.70% |
-9.09% |
-18.75% |
72.41% |
-44.00% |
-12.50% |
2.56% |
-18.00% |
89.29% |
Operating Cash Flow Growth |
|
28.79% |
-17.00% |
69.07% |
-6.87% |
-32.47% |
-3.86% |
-40.00% |
10.76% |
-21.99% |
55.87% |
Free Cash Flow Firm Growth |
|
-26.56% |
-330.04% |
-463.74% |
81.66% |
-250.96% |
12.61% |
95.13% |
-1,762.97% |
19.12% |
98.35% |
Invested Capital Growth |
|
-13.31% |
13.76% |
40.41% |
2.24% |
27.44% |
9.98% |
2.43% |
16.38% |
17.47% |
1.86% |
Revenue Q/Q Growth |
|
0.36% |
6.97% |
-7.06% |
2.27% |
-3.13% |
-3.36% |
1.76% |
6.16% |
-0.04% |
2.68% |
EBITDA Q/Q Growth |
|
-31.32% |
61.08% |
-25.52% |
-4.75% |
25.14% |
-34.35% |
6.55% |
14.20% |
4.09% |
25.57% |
EBIT Q/Q Growth |
|
-41.66% |
79.79% |
-19.79% |
-2.61% |
26.47% |
-37.25% |
9.05% |
15.81% |
4.47% |
29.54% |
NOPAT Q/Q Growth |
|
-40.51% |
74.61% |
-19.62% |
-3.36% |
25.62% |
-43.87% |
24.52% |
15.21% |
4.12% |
28.42% |
Net Income Q/Q Growth |
|
-40.51% |
74.61% |
-19.62% |
-3.36% |
25.62% |
-43.87% |
24.52% |
15.21% |
4.12% |
28.42% |
EPS Q/Q Growth |
|
-39.58% |
72.41% |
-20.00% |
-2.50% |
28.21% |
-44.00% |
25.00% |
14.29% |
2.50% |
29.27% |
Operating Cash Flow Q/Q Growth |
|
49.65% |
-35.66% |
18.50% |
-18.38% |
8.52% |
-8.41% |
-26.05% |
50.69% |
-23.57% |
83.01% |
Free Cash Flow Firm Q/Q Growth |
|
394.53% |
-179.16% |
-201.88% |
97.40% |
-2,324.99% |
54.17% |
83.19% |
-897.22% |
-5.28% |
99.07% |
Invested Capital Q/Q Growth |
|
-20.88% |
28.29% |
12.98% |
-10.84% |
-1.39% |
10.72% |
5.22% |
1.30% |
-0.47% |
-3.99% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
24.75% |
37.26% |
33.19% |
30.92% |
39.94% |
27.13% |
28.78% |
30.96% |
32.24% |
39.43% |
EBIT Margin |
|
20.01% |
33.63% |
29.03% |
27.64% |
36.09% |
23.43% |
25.11% |
27.40% |
28.63% |
36.12% |
Profit (Net Income) Margin |
|
16.78% |
27.39% |
23.69% |
22.38% |
29.03% |
16.86% |
20.63% |
22.39% |
23.32% |
29.17% |
Tax Burden Percent |
|
83.85% |
81.44% |
81.61% |
80.98% |
80.44% |
71.95% |
82.16% |
81.74% |
81.47% |
80.76% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
16.15% |
18.56% |
18.39% |
19.02% |
19.56% |
28.05% |
17.84% |
18.26% |
18.53% |
19.24% |
Return on Invested Capital (ROIC) |
|
4.88% |
7.27% |
6.12% |
5.65% |
8.20% |
3.90% |
4.36% |
4.98% |
5.29% |
6.60% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
4.88% |
7.27% |
6.12% |
5.65% |
8.20% |
3.90% |
4.36% |
4.98% |
5.29% |
6.60% |
Return on Net Nonoperating Assets (RNNOA) |
|
1.68% |
3.43% |
3.48% |
3.93% |
4.88% |
3.00% |
3.95% |
4.17% |
4.23% |
5.15% |
Return on Equity (ROE) |
|
6.57% |
10.70% |
9.60% |
9.57% |
13.08% |
6.91% |
8.31% |
9.15% |
9.52% |
11.75% |
Cash Return on Invested Capital (CROIC) |
|
21.48% |
-6.30% |
-27.39% |
3.49% |
-16.89% |
-4.17% |
2.31% |
-10.18% |
-11.33% |
3.58% |
Operating Return on Assets (OROA) |
|
0.89% |
1.51% |
1.31% |
1.23% |
1.60% |
0.99% |
1.06% |
1.13% |
1.17% |
1.53% |
Return on Assets (ROA) |
|
0.74% |
1.23% |
1.07% |
0.99% |
1.28% |
0.71% |
0.87% |
0.92% |
0.96% |
1.23% |
Return on Common Equity (ROCE) |
|
6.57% |
10.70% |
9.60% |
9.57% |
13.08% |
6.91% |
8.31% |
9.15% |
9.52% |
11.75% |
Return on Equity Simple (ROE_SIMPLE) |
|
10.95% |
0.00% |
10.16% |
9.89% |
11.52% |
0.00% |
8.87% |
8.84% |
7.95% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
4.46 |
7.78 |
6.25 |
6.04 |
7.59 |
4.26 |
5.31 |
6.11 |
6.37 |
8.17 |
NOPAT Margin |
|
16.78% |
27.39% |
23.69% |
22.38% |
29.03% |
16.86% |
20.63% |
22.39% |
23.32% |
29.17% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
52.89% |
46.46% |
55.93% |
51.86% |
53.41% |
56.98% |
58.35% |
52.60% |
51.79% |
52.37% |
Operating Expenses to Revenue |
|
65.70% |
58.40% |
72.31% |
69.35% |
68.60% |
72.80% |
71.18% |
70.53% |
66.95% |
65.77% |
Earnings before Interest and Taxes (EBIT) |
|
5.31 |
9.55 |
7.66 |
7.46 |
9.44 |
5.92 |
6.46 |
7.48 |
7.81 |
10 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
6.57 |
11 |
8.76 |
8.35 |
10 |
6.86 |
7.40 |
8.45 |
8.80 |
11 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
1.25 |
1.21 |
1.11 |
1.04 |
1.22 |
1.09 |
1.03 |
1.08 |
1.03 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
1.61 |
1.55 |
1.43 |
1.35 |
1.54 |
1.37 |
1.30 |
1.34 |
1.28 |
Price to Revenue (P/Rev) |
|
0.00 |
2.91 |
2.87 |
2.55 |
2.31 |
3.05 |
2.73 |
2.60 |
2.83 |
2.61 |
Price to Earnings (P/E) |
|
0.01 |
11.74 |
11.92 |
11.26 |
9.00 |
13.23 |
12.25 |
11.67 |
13.55 |
10.90 |
Dividend Yield |
|
5.02% |
5.55% |
5.63% |
6.23% |
6.86% |
5.36% |
6.06% |
6.34% |
5.77% |
6.10% |
Earnings Yield |
|
7,558.42% |
8.51% |
8.39% |
8.88% |
11.11% |
7.56% |
8.16% |
8.57% |
7.38% |
9.17% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.10 |
1.02 |
1.00 |
0.95 |
0.90 |
1.00 |
0.95 |
0.82 |
0.68 |
0.75 |
Enterprise Value to Revenue (EV/Rev) |
|
0.32 |
4.08 |
4.54 |
3.79 |
3.56 |
4.52 |
4.56 |
3.96 |
3.22 |
3.36 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.93 |
12.10 |
13.34 |
11.59 |
9.78 |
13.78 |
14.25 |
12.36 |
10.70 |
10.21 |
Enterprise Value to EBIT (EV/EBIT) |
|
1.06 |
13.58 |
15.45 |
13.69 |
11.27 |
15.56 |
16.23 |
14.11 |
12.29 |
11.43 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
1.28 |
16.51 |
18.82 |
16.74 |
13.90 |
19.64 |
20.48 |
17.76 |
15.43 |
14.04 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.93 |
12.70 |
12.70 |
10.83 |
11.35 |
14.14 |
15.98 |
13.52 |
11.85 |
11.03 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.43 |
0.00 |
0.00 |
27.38 |
0.00 |
0.00 |
41.76 |
0.00 |
0.00 |
21.26 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.41 |
0.73 |
0.91 |
0.75 |
0.78 |
0.81 |
0.91 |
0.92 |
0.81 |
0.75 |
Long-Term Debt to Equity |
|
0.40 |
0.41 |
0.54 |
0.62 |
0.69 |
0.68 |
0.72 |
0.86 |
0.77 |
0.75 |
Financial Leverage |
|
0.34 |
0.47 |
0.57 |
0.70 |
0.60 |
0.77 |
0.91 |
0.84 |
0.80 |
0.78 |
Leverage Ratio |
|
8.84 |
8.68 |
8.95 |
9.63 |
10.20 |
9.71 |
9.57 |
9.90 |
9.96 |
9.53 |
Compound Leverage Factor |
|
8.84 |
8.68 |
8.95 |
9.63 |
10.20 |
9.71 |
9.57 |
9.90 |
9.96 |
9.53 |
Debt to Total Capital |
|
28.94% |
42.17% |
47.53% |
42.87% |
43.91% |
44.66% |
47.55% |
47.92% |
44.87% |
43.00% |
Short-Term Debt to Total Capital |
|
0.73% |
18.57% |
19.17% |
7.24% |
5.43% |
7.14% |
9.79% |
3.34% |
2.27% |
0.52% |
Long-Term Debt to Total Capital |
|
28.21% |
23.59% |
28.36% |
35.63% |
38.48% |
37.52% |
37.77% |
44.58% |
42.60% |
42.48% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
71.06% |
57.83% |
52.47% |
57.13% |
56.09% |
55.34% |
52.45% |
52.08% |
55.13% |
57.00% |
Debt to EBITDA |
|
2.71 |
5.01 |
6.31 |
5.25 |
4.78 |
6.15 |
7.12 |
7.24 |
7.10 |
5.82 |
Net Debt to EBITDA |
|
0.93 |
3.49 |
4.89 |
3.79 |
3.44 |
4.50 |
5.72 |
4.24 |
1.31 |
2.28 |
Long-Term Debt to EBITDA |
|
2.64 |
2.80 |
3.77 |
4.37 |
4.19 |
5.17 |
5.65 |
6.74 |
6.74 |
5.75 |
Debt to NOPAT |
|
3.72 |
6.83 |
8.91 |
7.59 |
6.80 |
8.77 |
10.23 |
10.41 |
10.24 |
8.00 |
Net Debt to NOPAT |
|
1.27 |
4.76 |
6.90 |
5.48 |
4.89 |
6.41 |
8.22 |
6.09 |
1.88 |
3.14 |
Long-Term Debt to NOPAT |
|
3.63 |
3.82 |
5.32 |
6.31 |
5.96 |
7.37 |
8.12 |
9.68 |
9.72 |
7.90 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
56 |
-44 |
-134 |
-3.49 |
-85 |
-39 |
-6.52 |
-65 |
-68 |
-0.64 |
Operating Cash Flow to CapEx |
|
1,518.06% |
2,668.21% |
3,459.78% |
2,834.18% |
1,019.04% |
876.36% |
770.03% |
1,308.03% |
4,398.67% |
3,430.40% |
Free Cash Flow to Firm to Interest Expense |
|
19.80 |
-12.45 |
-25.00 |
-0.46 |
-8.95 |
-3.64 |
-0.58 |
-5.47 |
-5.29 |
-0.05 |
Operating Cash Flow to Interest Expense |
|
4.42 |
2.26 |
1.78 |
1.02 |
0.89 |
0.73 |
0.51 |
0.73 |
0.51 |
0.94 |
Operating Cash Flow Less CapEx to Interest Expense |
|
4.13 |
2.18 |
1.73 |
0.98 |
0.81 |
0.64 |
0.44 |
0.67 |
0.50 |
0.91 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.05 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
4.97 |
5.09 |
5.08 |
5.06 |
5.00 |
4.85 |
4.83 |
4.86 |
4.93 |
5.04 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
336 |
431 |
487 |
434 |
428 |
474 |
499 |
505 |
503 |
483 |
Invested Capital Turnover |
|
0.29 |
0.27 |
0.26 |
0.25 |
0.28 |
0.23 |
0.21 |
0.22 |
0.23 |
0.23 |
Increase / (Decrease) in Invested Capital |
|
-52 |
52 |
140 |
9.53 |
92 |
43 |
12 |
71 |
75 |
8.81 |
Enterprise Value (EV) |
|
34 |
439 |
489 |
411 |
384 |
474 |
475 |
413 |
340 |
364 |
Market Capitalization |
|
0.35 |
313 |
310 |
276 |
249 |
319 |
284 |
272 |
299 |
283 |
Book Value per Share |
|
$15,412.70 |
$16.09 |
$16.42 |
$16.15 |
$15.74 |
$17.18 |
$17.01 |
$17.12 |
$18.02 |
$17.86 |
Tangible Book Value per Share |
|
$11,830.96 |
$12.51 |
$12.87 |
$12.56 |
$12.13 |
$13.58 |
$13.45 |
$13.56 |
$14.46 |
$14.32 |
Total Capital |
|
336 |
431 |
487 |
434 |
428 |
474 |
499 |
505 |
503 |
483 |
Total Debt |
|
97 |
182 |
232 |
186 |
188 |
212 |
237 |
242 |
226 |
208 |
Total Long-Term Debt |
|
95 |
102 |
138 |
155 |
165 |
178 |
188 |
225 |
214 |
205 |
Net Debt |
|
33 |
127 |
179 |
134 |
135 |
155 |
191 |
142 |
42 |
81 |
Capital Expenditures (CapEx) |
|
0.83 |
0.30 |
0.28 |
0.28 |
0.83 |
0.88 |
0.74 |
0.66 |
0.15 |
0.35 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
97 |
182 |
232 |
186 |
188 |
212 |
237 |
242 |
226 |
208 |
Total Depreciation and Amortization (D&A) |
|
1.26 |
1.03 |
1.10 |
0.88 |
1.01 |
0.93 |
0.94 |
0.97 |
0.99 |
0.93 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.29 |
$0.50 |
$0.40 |
$0.39 |
$0.50 |
$0.28 |
$0.35 |
$0.40 |
$0.41 |
$0.53 |
Adjusted Weighted Average Basic Shares Outstanding |
|
15.50M |
15.56M |
15.36M |
15.26M |
15.27M |
15.38M |
15.38M |
15.39M |
15.41M |
15.47M |
Adjusted Diluted Earnings per Share |
|
$0.29 |
$0.50 |
$0.40 |
$0.39 |
$0.50 |
$0.28 |
$0.35 |
$0.40 |
$0.41 |
$0.53 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
15.50M |
15.56M |
15.36M |
15.26M |
15.27M |
15.38M |
15.38M |
15.39M |
15.41M |
15.47M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
15.50M |
15.56M |
15.36M |
15.26M |
15.27M |
15.38M |
15.38M |
15.39M |
15.41M |
15.47M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
4.46 |
7.78 |
6.25 |
6.04 |
7.59 |
4.26 |
5.31 |
6.11 |
6.37 |
8.17 |
Normalized NOPAT Margin |
|
16.78% |
27.39% |
23.69% |
22.38% |
29.03% |
16.86% |
20.63% |
22.39% |
23.32% |
29.17% |
Pre Tax Income Margin |
|
20.01% |
33.63% |
29.03% |
27.64% |
36.09% |
23.43% |
25.11% |
27.40% |
28.63% |
36.12% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
1.88 |
2.68 |
1.43 |
0.98 |
1.00 |
0.56 |
0.57 |
0.63 |
0.60 |
0.79 |
NOPAT to Interest Expense |
|
1.57 |
2.18 |
1.17 |
0.79 |
0.80 |
0.40 |
0.47 |
0.51 |
0.49 |
0.64 |
EBIT Less CapEx to Interest Expense |
|
1.59 |
2.60 |
1.38 |
0.94 |
0.91 |
0.47 |
0.51 |
0.57 |
0.59 |
0.76 |
NOPAT Less CapEx to Interest Expense |
|
1.28 |
2.10 |
1.12 |
0.75 |
0.72 |
0.32 |
0.40 |
0.46 |
0.48 |
0.61 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
60.88% |
59.60% |
60.82% |
64.14% |
56.56% |
64.47% |
66.78% |
66.49% |
70.32% |
59.83% |
Augmented Payout Ratio |
|
97.30% |
94.73% |
90.98% |
91.73% |
80.84% |
92.57% |
88.90% |
70.27% |
73.59% |
62.25% |