Citizens & Northern Corporation (OQ:CZNC)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 90-92 Main St WELLSBORO PA 16901 |
| Tel: | N/A |
| Website: | https://www.cnbankpa.com/About/Investor-Relations/C-N-Corporate-Profile |
| IR: | See website |
| Key People | ||
| J. Bradley Scovill President, Chief Executive Officer, Director | Blair T. Rush Executive Vice President, Southeast Region President of the Bank | Glenn James Executive Vice President, General Counsel, Corporate Secretary |
| Alexander Balagour Executive Vice President, Chief Information Officer of the Bank | Matthew L. Bower Executive Vice President, Chief Wealth Management Officer of the Bank | Kelley A. Cwiklinski Executive Vice President, Chief Commercial Lending Officer |
| Stan R. Dunsmore Executive Vice President, Chief Credit Officer of the Bank | Harold F. Hoose Executive Vice President, Chief Revenue Officer of the Bank | John M. Reber Executive Vice President, Chief Risk Management Officer of the Bank | Thomas L. Rudy Executive Vice President, Chief Delivery Officer and Region President of the Bank |
| Business Overview |
| Citizens & Northern Corporation is a holding company whose principal activity is community banking. The Company's subsidiaries include Citizens & Northern Bank (the Bank), Citizens & Northern Investment Corporation and Bucktail Life Insurance Company (Bucktail). The Bank is a Pennsylvania banking institution, which provides a range of banking services, including deposit and loan products for personal and commercial customers. The Bank also provides wealth management services through its trust department and C&N Financial Services, LLC (CNFS). The trust department offers a range of financial services, such as 401(k) plans, retirement planning, estate planning, estate settlements and asset management. It operates over 29 branch offices, including 22 in the Northern tier/Northcentral region of Pennsylvania, one in the Southern tier of New York State, four in Southeastern Pennsylvania and two in Southcentral Pennsylvania. The Bank also has a lending office in Elmira, New York. |
| Financial Overview |
| For the three months ended 31 March 2024, Citizens & Northern Corporation interest income increased 16% to $30.3M. Net interest income after loan loss provision decreased 14% to $18.1M. Net income applicable to common stockholders decreased 15% to $5.3M. Net interest income after loan loss provision reflects Tax-exempt decrease of 14% to $553K, Taxable decrease of 3% to $2.1M, Interest on loans to political subdivisi decrease of 5% to $545K. |
| Employees: | 404 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $312.56M as of Mar 31, 2024 |
| Annual revenue (TTM): | $117.70M as of Mar 31, 2024 |
| EBITDA (TTM): | $40.92M as of Mar 31, 2024 |
| Net annual income (TTM): | $23.03M as of Mar 31, 2024 |
| Free cash flow (TTM): | $11.50M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $23.34M as of Mar 31, 2024 |
| Shares outstanding: | 15,376,107 as of Apr 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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