Citizens & Northern Corporation
- Open
- 23.86
- Day high
- 23.95
- Day low
- 23.16
- Prev close
- 23.84
- Volume
- 79K
- Mkt cap
- $418M
- P/E (TTM)
- 21.5
- EPS (TTM)
- $1.09
- P/B
- 1.2
- P/S
- 2.5
- Yield
- 4.80%
- Per share
- $1.12
- ▲Insiders net buying $30K over the last 3 months (7 open-market buys, 1 sale)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions accumulating (13F)
Citizens & Northern Corporation (CZNC) is a Financial Services company listed on NASDAQ. The stock is up 20% over the past year. Over the trailing 3 months, insiders filed 7 open-market buys and 1 sale (SEC Form 4).
Citizens & Northern Corporation (CZNC) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CZNC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 8, 2026 | $0.58 | $0.02 | -96.6% | $37M | +2.9% |
| Jan 28, 2026 | $0.58 | $0.56 | -3.4% | $36M | +1.2% |
| Oct 23, 2025 | $0.53 | $0.47 | -11.3% | $29M | +1.5% |
| Aug 8, 2025 | $0.47 | $0.40 | -14.9% | $27M | -2.8% |
| Apr 23, 2025 | $0.44 | $0.41 | -6.8% | $27M | -4.0% |
| Jan 23, 2025 | $0.45 | $0.53 | +17.8% | $28M | +2.9% |
| Oct 17, 2024 | $0.45 | $0.41 | -8.9% | $27M | -0.6% |
| Mar 11, 2024 | $0.36 | $0.28 | -22.2% | $36M | — |
| May 5, 2023 | $0.42 | $0.40 | -4.8% | $26M | -2.8% |
| Mar 16, 2023 | $0.48 | $0.46 | -4.2% | $31M | — |
| Jul 21, 2022 | $0.44 | $0.48 | +9.1% | $26M | +0.1% |
| May 6, 2022 | $0.40 | $0.44 | +10.0% | $26M | +2.8% |
CZNC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 10, 2026 | Shattuck Katherine Wdirector | Buy | 9 | $23.02 |
| Jul 10, 2026 | Pellegrino Frank Gdirector | Buy | 198 | $23.02 |
| Jun 22, 2026 | Van Sant William F IIIofficer: EVP, CHIEF WEALTH OFFICER | Grant | 6,861 | $21.86 |
| Jun 8, 2026 | Shattuck Katherine Wdirector | Buy | 10 | $21.44 |
| Jun 8, 2026 | Pellegrino Frank Gdirector | Buy | 190 | $21.44 |
| May 28, 2026 | Trate Christian Cdirector | Sell | 229 | $21.10 |
| May 13, 2026 | Lehman Terry Ldirector | Buy | 1,000 | $20.83 |
| May 11, 2026 | Shattuck Katherine Wdirector | Buy | 10 | $21.75 |
| May 11, 2026 | Pellegrino Frank Gdirector | Buy | 237 | $21.75 |
| Apr 24, 2026 | Loughery Robert Gdirector | Grant | 1,080 | $23.15 |
| Apr 24, 2026 | Trate Christian Cdirector | Grant | 1,080 | $23.15 |
| Apr 24, 2026 | Santiago Helen Sdirector | Grant | 1,080 | $23.15 |
| Apr 24, 2026 | Pellegrino Frank Gdirector | Grant | 1,080 | $23.15 |
| Apr 24, 2026 | Kilmer Bobbi Jdirector | Grant | 1,080 | $23.15 |
| Apr 24, 2026 | Shattuck Katherine Wdirector | Grant | 1,080 | $23.15 |
Source: CZNC SEC Form 4 filings, latest Jul 10, 2026. For informational purposes only — not investment advice.
See the full CZNC insider & 13F page →Citizens & Northern Corporation company profile
Overview
Citizens & Northern Corporation (NASDAQ:CZNC) is a regional bank holding company founded in 1864 and headquartered in Wellsboro, Pennsylvania. The company operates through its primary subsidiary, Citizens & Northern Bank, serving customers across Pennsylvania and southern New York through a network of 31 branch offices. As a traditional community bank with over 160 years of history, CZNC has evolved from its 19th-century origins to become a diversified financial services provider offering banking, wealth management, and insurance services to both individual and business customers in its regional markets.
Business
Citizens & Northern Corporation operates in the regional banking industry, which serves as an intermediary between depositors and borrowers within specific geographic markets. Regional banks like CZNC typically focus on relationship-based banking, serving local communities and small-to-medium businesses that may not receive personalized attention from larger national banks. The company's core business segments include: 1. **Traditional Banking Services** - This represents the largest portion of revenue, encompassing both lending and deposit-taking activities. The bank provides commercial loans to local businesses, mortgage loans for residential and commercial real estate, and consumer loans including personal loans and lines of credit. On the deposit side, CZNC offers checking accounts, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. The bank also issues specialized financial instruments such as commercial letters of credit for business customers. 2. **Wealth Management Services** - Through its trust and investment division, CZNC provides fiduciary services including trust and estate administration, retirement plan management, and employee benefit plan administration. The company also offers investment management services and acts as a registered investment advisor, helping clients with portfolio management and financial planning. 3. **Insurance Services** - The bank provides a comprehensive range of personal and commercial insurance products through licensed agents. Additionally, CZNC operates a reinsurance business, taking on risk from credit and mortgage insurance, life and accident insurance, and health insurance products. 4. **Investment Products Distribution** - CZNC offers mutual funds, annuities, educational savings accounts (such as 529 plans), and other investment products through registered representatives, earning fees and commissions on these sales. The company's geographic footprint is concentrated in Pennsylvania's Northern Tier and Northcentral regions (23 branches), with additional presence in southeastern Pennsylvania (4 branches), southcentral Pennsylvania (2 branches), and southern New York State (2 branches), plus a lending office in Elmira, New York.
Revenue model
Citizens & Northern Corporation generates revenue through multiple streams typical of regional banking operations. The primary revenue source is **net interest income**, which represents the difference between interest earned on loans and investments and interest paid on deposits and borrowed funds. This spread-based model means the bank profits by borrowing money from depositors at lower rates and lending it out at higher rates to borrowers. The company's secondary revenue streams include **fee-based income** from various sources: wealth management fees from trust and investment services, insurance commissions and premiums from their insurance operations, service fees on deposit accounts, loan origination fees, and commissions from investment product sales. The bank also generates income from reinsurance activities where it assumes risk from other insurance providers in exchange for premiums. CZNC's customers include individual consumers seeking personal banking services, local businesses requiring commercial lending and cash management services, and affluent individuals and families utilizing wealth management services. The geographic concentration in Pennsylvania and southern New York means the bank's performance is tied to the economic health of these regional markets. Several factors can impact the company's profitability margins. **Interest rate environment** is crucial - rising rates typically benefit banks by widening net interest margins, while falling rates compress margins. **Credit quality** directly affects profitability through loan loss provisions, with economic downturns potentially increasing defaults. **Competition** from larger banks, credit unions, and fintech companies can pressure both deposit rates and loan yields. **Regulatory changes** in banking rules can impact operational costs and capital requirements. **Local economic conditions** in Pennsylvania and New York affect loan demand and credit quality, while **deposit competition** from online banks and money market funds can increase funding costs.
Competitive moat
Citizens & Northern Corporation operates in a moderately competitive regional banking market with limited but meaningful defensive characteristics. The company's primary moat stems from its **local market relationships and community presence** built over 160 years of operation. Regional banks like CZNC benefit from personal relationships with customers, local decision-making authority, and deep knowledge of their markets that larger national banks cannot easily replicate. The bank's **geographic concentration** in smaller Pennsylvania and New York markets provides some protection from intense competition, as these markets may not be attractive enough for large banks to establish significant presence. The company's **comprehensive service offering** - combining traditional banking, wealth management, and insurance - creates customer stickiness through cross-selling opportunities and relationship depth. However, CZNC's moat is relatively narrow and faces several competitive pressures. **Larger regional and national banks** can offer more competitive rates, broader product suites, and superior technology platforms. **Credit unions** often provide competitive rates with tax advantages. **Online banks and fintech companies** are increasingly capturing deposits with higher yields and loans with streamlined processes. The **commoditized nature of basic banking services** makes it difficult to maintain pricing power, and **regulatory compliance costs** disproportionately burden smaller banks compared to larger competitors. The company's wealth management and insurance businesses provide somewhat stronger competitive positioning due to their relationship-intensive nature, but these represent smaller portions of total revenue. Overall, while CZNC maintains a defensible local franchise, its moat is modest and requires continuous investment in technology, service quality, and relationship management to remain viable against evolving competitive threats.
Risks & safety
Citizens & Northern Corporation demonstrates a reasonable margin of safety typical of well-capitalized regional banks, though with some areas of concern. **Overall Assessment**: Moderate margin of safety with adequate capitalization but elevated interest rate risk. • **Liquidity Position**: Strong cash position with $126 million in cash and short-term investments as of Q4 2024, representing approximately 5% of total assets • **Debt Levels**: Debt-to-equity ratio of 0.75 indicates moderate leverage typical for banking operations; no immediate solvency concerns • **Capital Adequacy**: Bank regulatory capital ratios likely exceed well-capitalized thresholds based on consistent profitability and retained earnings • **Asset Quality**: No specific mention of significant credit issues, though regional economic exposure creates concentration risk **Valuation Metrics**: • Price-to-earnings ratio of 8.8x appears reasonable for regional banking • Price-to-book ratio of 1.04x suggests trading near tangible book value • Return on equity of 9.4% for 2024 indicates adequate profitability • Graham number of 26.3 compared to current price of $20.41 suggests potential undervaluation **Other Considerations**: • Interest rate sensitivity could pressure margins in declining rate environment • Geographic concentration in Pennsylvania/New York creates regional economic risk • Smaller scale limits operational efficiency compared to larger competitors • Regulatory compliance costs as percentage of revenue higher than large banks
Recent development
Based on the available financial data, Citizens & Northern Corporation has maintained relatively stable operations over the past few years with some notable trends. **Revenue consistency** has been evident, with annual revenues hovering around $105-107 million from 2022-2024, suggesting a mature, steady business model rather than aggressive growth initiatives. The company has maintained **solid profitability** with net income ranging from $24-26 million annually, though 2024 showed a slight uptick to nearly $26 million. **Cash flow generation** has remained consistently strong, with operating cash flows of $33-34 million annually and free cash flows around $31 million, indicating healthy underlying business fundamentals. **Balance sheet management** shows some strategic shifts, particularly in cash positioning. The company significantly increased its cash and short-term investments from around $55 million in 2022-2023 to $126 million by the end of 2024, suggesting either preparation for opportunities or defensive positioning amid interest rate uncertainty. The **branch network** has remained stable at 31 locations, indicating a focus on optimizing existing markets rather than geographic expansion. **Asset growth** has been modest, with total assets growing from approximately $2.45 billion in 2022 to $2.61 billion in 2024, reflecting organic growth rather than acquisitive strategies. Without access to detailed earnings call transcripts, specific strategic initiatives are not evident from the financial data alone. However, the consistent performance metrics suggest CZNC has focused on maintaining operational stability and capital strength rather than pursuing transformative growth strategies during this period of banking industry uncertainty.
CZNC company profile · for informational purposes only — not investment advice.
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