CZNC Financial Statements

Balance sheet, income statement, cash flow, and dividends for Citizens & Northern Corp (CZNC).


N/A Market Cap.

As of 03/06/2025 5:00 PM ET (MRY) • Disclaimer

CZNC Market Cap. (MRY)


CZNC Shares Outstanding (MRY)


CZNC Assets (MRY)


Total Assets

$2.61B

Total Liabilities

$2.34B

Total Investments

$2.28B

CZNC Income (MRY)


Revenue

$106.13M

Net Income

$25.96M

Operating Expense

$74.26M

CZNC Cash Flow (MRY)


CF Operations

$33.03M

CF Investing

-$20.94M

CF Financing

$58.70M

CZNC Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$1.12

6.00%

0.00%

66.27%

1.51

2023

$1.12

5.00%

0.00%

71.34%

1.40

2022

$1.12

4.90%

0.90%

65.50%

1.53

2021

$1.11

4.20%

2.78%

57.81%

1.73

2020

$1.08

5.40%

-

83.08%

1.20

CZNC Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$2,610,653,000 (3.78%)

$2,515,584,000 (2.50%)

$2,454,307,000 (5.44%)

$2,327,648,000 (3.95%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$54,585,000 (-0.71%)

$54,974,000 (-0.74%)

$55,382,000 (-0.79%)

$55,821,000 (-0.95%)

Shareholders Equity

$275,284,000 (4.92%)

$262,381,000 (5.24%)

$249,325,000 (-17.28%)

$301,405,000 (0.55%)

Property Plant & Equipment Net

$21,338,000 (-1.36%)

$21,632,000 (0.27%)

$21,574,000 (4.31%)

$20,683,000 (-3.92%)

Cash & Equivalents

$126,174,000 (121.83%)

$56,878,000 (3.32%)

$55,048,000 (-47.55%)

$104,948,000 (3.03%)

Accumulated Other Comprehensive Income

-$36,761,000 (4.36%)

-$38,437,000 (22.94%)

-$49,878,000 (-1092.40%)

$5,026,000 (-57.39%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$2,278,193,000 (1.49%)

$2,244,686,000 (1.05%)

$2,221,458,000 (7.37%)

$2,068,991,000 (4.38%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Payables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Accumulated Retained Earnings (Deficit)

$165,778,000 (5.57%)

$157,028,000 (3.48%)

$151,743,000 (6.40%)

$142,612,000 (9.95%)

Tax Assets

$19,098,000 (9.50%)

$17,441,000 (-16.49%)

$20,884,000 (254.75%)

$5,887,000 (117.63%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$207,669,000 (-1.93%)

$211,759,000 (16.49%)

$181,781,000 (134.39%)

$77,555,000 (-14.95%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$2,335,369,000 (3.65%)

$2,253,203,000 (2.19%)

$2,204,982,000 (8.82%)

$2,026,243,000 (4.48%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

CZNC Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$106,129,000 (1.43%)

$104,631,000 (4.31%)

$100,305,000 (0.15%)

$100,159,000 (13.60%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$60,346,000 (1.20%)

$59,631,000 (6.15%)

$56,177,000 (10.73%)

$50,733,000 (13.93%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$74,258,000 (0.15%)

$74,148,000 (9.11%)

$67,955,000 (8.78%)

$62,472,000 (-1.33%)

Interest Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Income Tax Expense

$5,913,000 (-6.66%)

$6,335,000 (10.52%)

$5,732,000 (-19.64%)

$7,133,000 (78.77%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$25,958,000 (7.50%)

$24,148,000 (-9.28%)

$26,618,000 (-12.88%)

$30,554,000 (58.95%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$25,958,000 (7.50%)

$24,148,000 (-9.28%)

$26,618,000 (-12.88%)

$30,554,000 (58.95%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$25,958,000 (7.50%)

$24,148,000 (-9.28%)

$26,618,000 (-12.88%)

$30,554,000 (58.95%)

Weighted Average Shares

$15,414,132 (0.91%)

$15,274,766 (-1.46%)

$15,500,416 (-1.59%)

$15,751,005 (-0.88%)

Weighted Average Shares Diluted

-

-

-

-

Earning Before Interest & Taxes (EBIT)

$31,871,000 (4.55%)

$30,483,000 (-5.77%)

$32,350,000 (-14.16%)

$37,687,000 (62.36%)

Gross Profit

$106,129,000 (1.43%)

$104,631,000 (4.31%)

$100,305,000 (0.15%)

$100,159,000 (13.60%)

Operating Income

$31,871,000 (4.55%)

$30,483,000 (-5.77%)

$32,350,000 (-14.16%)

$37,687,000 (51.67%)

CZNC Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$20,938,000 (60.64%)

-$53,202,000 (77.33%)

-$234,688,000 (-125.89%)

-$103,895,000 (-207.57%)

Net Cash Flow from Financing

$58,699,000 (137.32%)

$24,734,000 (-83.72%)

$151,939,000 (120.58%)

$68,882,000 (221.98%)

Net Cash Flow from Operations

$33,035,000 (-1.53%)

$33,548,000 (-3.04%)

$34,599,000 (-0.70%)

$34,844,000 (40.59%)

Net Cash Flow / Change in Cash & Cash Equivalents

$70,796,000 (1293.62%)

$5,080,000 (110.55%)

-$48,150,000 (-28391.12%)

-$169,000 (-100.26%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

-$33,648,000 (-55.23%)

-$21,676,000 (90.67%)

-$232,250,000 (-122.63%)

-$104,321,000 (-591.45%)

Capital Expenditure

-$1,906,000 (15.85%)

-$2,265,000 (31.11%)

-$3,288,000 (-165.80%)

-$1,237,000 (60.57%)

Issuance (Repayment) of Debt Securities

-$4,249,000 (-114.23%)

$29,853,000 (-71.38%)

$104,304,000 (893.25%)

-$13,149,000 (89.80%)

Issuance (Purchase) of Equity Shares

-$629,000 (90.73%)

-$6,784,000 (26.17%)

-$9,189,000 (-24.61%)

-$7,374,000 (-22943.75%)

Payment of Dividends & Other Cash Distributions

-$15,530,000 (0.25%)

-$15,569,000 (1.87%)

-$15,865,000 (0.69%)

-$15,976,000 (-10.42%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$1,494,000 (1.49%)

$1,472,000 (16.83%)

$1,260,000 (3.79%)

$1,214,000 (15.62%)

Depreciation Amortization & Accretion

$2,183,000 (1.49%)

$2,151,000 (-9.96%)

$2,389,000 (12.16%)

$2,130,000 (7.52%)

CZNC Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

Profit Margin

24.50% (6.06%)

23.10% (-12.83%)

26.50% (-13.11%)

30.50% (39.91%)

EBITDA Margin

32.10% (2.88%)

31.20% (-9.83%)

34.60% (-13.07%)

39.80% (39.16%)

Return on Average Equity (ROAE)

9.60% (0.00%)

9.60% (-7.69%)

10.40% (2.97%)

10.10% (44.29%)

Return on Average Assets (ROAA)

1.00% (0.00%)

1.00% (-9.09%)

1.10% (-15.38%)

1.30% (30.00%)

Return on Sales (ROS)

30.00% (3.09%)

29.10% (-9.91%)

32.30% (-14.10%)

37.60% (42.97%)

Return on Invested Capital (ROIC)

1.20% (0.00%)

1.20% (-7.69%)

1.30% (-23.53%)

1.70% (41.67%)

Dividend Yield

6.00% (20.00%)

5.00% (2.04%)

4.90% (16.67%)

4.20% (-22.22%)

Price to Earnings Ratio (P/E)

11.01 (-22.96%)

14.29 (6.87%)

13.37 (-1.73%)

13.6 (-10.86%)

Price to Sales Ratio (P/S)

2.7 (-17.50%)

3.27 (-7.33%)

3.53 (-14.00%)

4.11 (14.88%)

Price to Book Ratio (P/B)

1.04 (-20.29%)

1.31 (-8.09%)

1.42 (4.10%)

1.36 (29.75%)

Debt to Equity Ratio (D/E)

8.48 (-1.22%)

8.59 (-2.89%)

8.84 (31.55%)

6.72 (3.91%)

Earnings Per Share (EPS)

1.69 (7.64%)

1.57 (-8.19%)

1.71 (-10.94%)

1.92 (47.69%)

Sales Per Share (SPS)

6.88 (0.51%)

6.85 (5.86%)

6.47 (1.76%)

6.36 (14.62%)

Free Cash Flow Per Share (FCFPS)

2.02 (-1.37%)

2.05 (1.39%)

2.02 (-5.34%)

2.13 (56.68%)

Book Value Per Share (BVPS)

17.86 (3.97%)

17.18 (6.79%)

16.09 (-15.94%)

19.14 (1.44%)

Tangible Assets Book Value Per Share (TABVPS)

165.83 (2.94%)

161.09 (4.09%)

154.76 (7.30%)

144.23 (5.00%)

Enterprise Value Over EBIT (EV/EBIT)

10 (-37.50%)

16 (33.33%)

12 (50.00%)

8 (-38.46%)

Enterprise Value Over EBITDA (EV/EBITDA)

9.64 (-34.20%)

14.65 (31.29%)

11.16 (47.74%)

7.55 (-36.80%)

Asset Turnover

0.04 (-2.38%)

0.04 (0.00%)

0.04 (-2.33%)

0.04 (-2.27%)

Current Ratio

-

-

-

-

Dividends

$1.12 (0.00%)

$1.12 (0.00%)

$1.12 (0.90%)

$1.11 (2.78%)

Free Cash Flow (FCF)

$31,129,000 (-0.49%)

$31,283,000 (-0.09%)

$31,311,000 (-6.83%)

$33,607,000 (55.25%)

Enterprise Value (EV)

$328,216,855 (-31.33%)

$477,987,001 (23.34%)

$387,544,510 (28.90%)

$300,649,251 (-0.12%)

Earnings Before Tax (EBT)

$31,871,000 (4.55%)

$30,483,000 (-5.77%)

$32,350,000 (-14.16%)

$37,687,000 (62.36%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$34,054,000 (4.35%)

$32,634,000 (-6.06%)

$34,739,000 (-12.75%)

$39,817,000 (58.05%)

Invested Capital

$2,637,563,000 (0.84%)

$2,615,491,000 (3.56%)

$2,525,658,000 (12.53%)

$2,244,434,000 (3.33%)

Working Capital

-

-

-

-

Tangible Asset Value

$2,556,068,000 (3.88%)

$2,460,610,000 (2.57%)

$2,398,925,000 (5.59%)

$2,271,827,000 (4.08%)

Market Capitalization

$286,702,855 (-16.32%)

$342,613,001 (-3.31%)

$354,339,510 (-13.87%)

$411,416,251 (30.50%)

Average Equity

$269,366,500 (7.08%)

$251,567,750 (-1.63%)

$255,735,250 (-15.11%)

$301,249,000 (9.24%)

Average Assets

$2,599,033,500 (5.01%)

$2,475,046,250 (3.17%)

$2,398,894,000 (2.57%)

$2,338,800,500 (17.43%)

Invested Capital Average

$2,658,192,250 (3.40%)

$2,570,905,750 (7.27%)

$2,396,649,750 (9.59%)

$2,186,950,500 (11.15%)

Shares

15,414,132 (0.91%)

15,274,766 (-1.46%)

15,500,416 (-1.59%)

15,751,005 (-0.88%)