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Citizens and Northern Corporation  (CZNC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $17.8100 $-0.68 -3.678%
Day's High: $18.715 Week Perf: -0.67 %
Day's Low: $ 17.79 30 Day Perf: -8.99 %
Volume (M): 17 52 Wk High: $ 23.50
Volume (M$): $ 299 52 Wk Avg: $19.61
Open: $18.49 52 Wk Low: $16.71



 Market Capitalization (Millions $) 274
 Shares Outstanding (Millions) 15
 Employees 283
 Revenues (TTM) (Millions $) 105
 Net Income (TTM) (Millions $) 24
 Cash Flow (TTM) (Millions $) 5
 Capital Exp. (TTM) (Millions $) 2

Citizens And Northern Corporation

Citizens & Northern Corporation (“Corporation”) is a holding company whose principal activity is community banking. The Corporation’s principal office is located in Wellsboro, Pennsylvania. The largest subsidiary is Citizens & Northern Bank (“C&N Bank” or the “Bank”). The Corporation’s other wholly-owned subsidiaries are Citizens & Northern Investment Corporation and Bucktail Life Insurance Company (“Bucktail”). Citizens & Northern Investment Corporation was formed in 1999 to engage in investment activities. Bucktail reinsures credit and mortgage life and accident and health insurance on behalf of C&N Bank.

C&N Bank is a Pennsylvania banking institution that was formed by the consolidation of Northern National Bank of Wellsboro and Citizens National Bank of Towanda on October 1, 1971. Subsequent mergers included: First National Bank of Ralston in May 1972; Sullivan County National Bank in October 1977; Farmers National Bank of Athens in January 1984; and First National Bank of East Smithfield in May 1990. In 2005, the Corporation acquired Canisteo Valley Corporation and its subsidiary, First State Bank, a New York State chartered commercial bank with offices in Canisteo and South Hornell, NY. In 2010, the First State Bank operations were merged into C&N Bank and Canisteo Valley Corporation was merged into the Corporation. On May 1, 2007, the Corporation acquired Citizens Bancorp, Inc. (“Citizens”), with banking offices in Coudersport, Emporium and Port Allegany, Pennsylvania. Citizens Trust Company, the banking subsidiary of Citizens, was merged with and into C&N Bank as part of the transaction. C&N Bank has held its current name since May 6, 1975, at which time C&N Bank changed its charter from a national bank to a Pennsylvania bank.

C&N Bank provides an extensive range of banking services, including deposit and loan products for personal and commercial customers. The Bank also maintains a trust division that provides a wide range of financial services, such as 401(k) plans, retirement planning, estate planning, estate settlements and asset management. In January 2000, C&N Bank formed a subsidiary, C&N Financial Services Corporation (“C&NFSC”). C&NFSC is a licensed insurance agency that provides insurance products to individuals and businesses. In 2001, C&NFSC added a broker-dealer division, which offers mutual funds, annuities, educational savings accounts and other investment products through registered agents. C&NFSC’s operations are not significant in relation to the total operations of the Corporation.

Virtually all of the Corporation’s banking offices are located in the “Marcellus Shale,” an area extending across portions of New York State, Pennsylvania, Ohio, Maryland, West Virginia and Virginia. In recent years, most of the Pennsylvania counties in which the Corporation operates were significantly affected by an upsurge in natural gas exploration, as technological developments made exploration of the Marcellus Shale commercially feasible. After a surge of activity in 2009 through most of 2011, the market price of natural gas declined, causing Marcellus Shale natural gas exploration activity to slow, though some activity has continued to occur throughout the Corporation’s market area.



   Company Address: 90-92 MAIN STREET WELLSBORO 16901 PA
   Company Phone Number: 724-3411   Stock Exchange / Ticker: NASDAQ CZNC
   


Customers Net Income fell by CZNC's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -0.33%    
CFG   -1%    
FCNCA        0.04% 
FITB   -2.51%    
NTRS        1.27% 
WAL   -1.45%    
• View Complete Report
   



Citizens And Northern Corporation

Citizens And Northern Corporation (C&N) Delivers Impressive Stock Market Performance, Attracting Investors with 23.98% Growth in the Past Year

Citizens And Northern Corporation (C&N) has experienced a strong performance in the stock market recently, with a solid gain of 6.1% over the past week and an impressive 23.98% increase over the past 12 months. The stock is currently trading 14.5% above its 52-week low. These positive trends suggest that C&N is attracting investor interest and demonstrating its potential for growth.
One major factor contributing to C&N's success is its performance in the most recent fiscal period. The company saw a significant increase in income per share, which surged by 72.41% year on year to $0.50 per share. Additionally, revenue experienced a growth of 20.307%, reaching $27.38 million. These numbers reflect a substantial improvement over the previous year, where income per share grew by 28.21% and revenue by 4.556%.

Citizens And Northern Corporation

Citizens And Northern Corporation: Missed Opportunities and Growing Concerns as Revenue Climbs but Earnings Plummet



In the recent financial report, Citizens And Northern Corporation reported a modest revenue growth of 0.145% in the April to June 30, 2023 fiscal interval. However, this was not enough to prevent a significant income reduction of -18.75%, compared to the corresponding reporting season a year prior. Despite generating $26.18 million in revenue and an EPS of $0.39, the company's financial performance fell short, raising concerns among investors and analysts.
Comparison with Regional Banks Sector:
To better understand the second quarter behavior of Citizens And Northern Corporation, it is vital to analyze the performance of the Regional Banks sector as a whole. In this regard, it is evident that the company underperformed its contemporaries, who announced an impressive business growth of 11.94% compared to the corresponding period a year before. This stark contrast highlights the company's underachievement in the face of thriving competition.

Citizens And Northern Corporation

Citizens And Northern Corporation: Mixed Results Show Concerning Decline in Profits Despite Revenue Growth

Citizens And Northern Corporation seems to be experiencing a period of mixed results, with revenue rising by a modest 5.878% to reach $26.75 million in the fiscal span ending March 31, 2023. However, income has decreased by -9.09% to just $0.40 per share, marking a decline of $0.44 from the prior year quarter. These figures are concerning for investors who have been betting on the company's growth prospects.
What's even more alarming is that profits have declined by -19.63% since the preceding period, despite the 2.334% increase in revenue. Additionally, the first quarter's earnings of $6.253 million indicate a drop of -9.31% from the corresponding period a year before, indicating a deteriorating financial situation for Citizens And Northern Corporation.






 

Citizens And Northern's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Citizens And Northern does not provide revenue guidance.

Earnings Outlook
Citizens and Northern Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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