Citizens & Northern (CZNC) financial statements
Citizens & Northern reported revenue of $123M in fiscal 2025, up 8.9% a year over 9 years.
Net income was $23M.
Free cash flow was $30M, and the company returned $16M in dividends.
The diluted share count rose 32% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Citizens & Northern's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $57M | $58M | $66M | $74M | $92M | $104M | $108M | $105M | $108M | $123M |
| Interest expense | $4M | $4M | $5M | $10M | $10M | $7M | $10M | $33M | — | — |
| Pre-tax income | $21M | $21M | $26M | $23M | $23M | $38M | $32M | $30M | $32M | $29M |
| Income tax | $5M | $7M | $4M | $4M | $4M | $7M | $6M | $6M | $6M | $5M |
| Net income | $16M | $13M | $22M | $20M | $19M | $31M | $27M | $24M | $26M | $23M |
| EPS (diluted) | $1.30 | $1.10 | $1.79 | $1.46 | $1.30 | $1.92 | $1.71 | $1.57 | $1.69 | $1.46 |
| Diluted shares | 12M | 12M | 12M | 13M | 15M | 16M | 15M | 15M | 15M | 16M |
| Net margin | 27.6% | 23.0% | 33.2% | 26.4% | 20.9% | 29.4% | 24.7% | 23.0% | 24.0% | 19.1% |
Balance sheet
Fiscal years, from Citizens & Northern's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $29M | $40M | $37M | $35M | $102M | $105M | $55M | $57M | $126M | $46M |
| Property, plant and equipment | $15M | $15M | $15M | $17M | $22M | $21M | $22M | $22M | $21M | $28M |
| Goodwill | $12M | $12M | $12M | $28M | $53M | $53M | $53M | $53M | $53M | $63M |
| Total assets | $1.2B | $1.3B | $1.3B | $1.7B | $2.2B | $2.3B | $2.5B | $2.5B | $2.6B | $3.1B |
| Total liabilities | $1.1B | $1.1B | $1.1B | $1.4B | $1.9B | $2.0B | $2.2B | $2.3B | $2.3B | $2.8B |
| Shareholders' equity | $186M | $188M | $197M | $244M | $300M | $301M | $249M | $262M | $275M | $342M |
| Net debt | -$29M | -$40M | -$37M | -$35M | -$102M | -$105M | -$55M | -$57M | -$126M | -$46M |
Cash flow
Fiscal years, from Citizens & Northern's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $19M | $19M | $26M | $22M | $25M | $35M | $35M | $34M | $33M | $32M |
| Capital spending | $2M | $2M | $1M | $3M | $3M | $2M | $3M | $2M | $2M | $2M |
| Free cash flow | $17M | $18M | $25M | $20M | $22M | $33M | $31M | $31M | $31M | $30M |
| Stock-based compensation | $578,000 | $627,000 | $855,000 | $798,000 | $1M | $1M | $1M | $1M | $1M | $1M |
| Dividends paid | $11M | $11M | $12M | $14M | $14M | $16M | $16M | $16M | $16M | $16M |
| Share buybacks (net) | -$4M | $0 | $0 | -$189,000 | -$163,000 | — | — | — | — | — |
| Net borrowing | -$28M | $6M | -$22M | -$28M | -$129M | -$18M | $78M | -$46M | -$31M | -$20M |
| Free cash flow margin | 29.7% | 30.3% | 37.3% | 26.5% | 23.5% | 31.8% | 29.1% | 29.8% | 28.7% | 24.5% |
| Dividends per share | $0.92 | $0.92 | $0.96 | $1.05 | $0.98 | $1.01 | $1.03 | $1.02 | $1.02 | $1.02 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for CZNC.
Open CZNC in InvestinglyQuestions
What was Citizens & Northern's revenue in 2025?
$123M in fiscal 2025, from its 10-K filing.
How much free cash flow does Citizens & Northern generate?
$30M in fiscal 2025 (operating cash flow minus capital spending).
From Citizens & Northern's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.