Valuation, from the filing
| Public float | $280.27M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $15.65 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 12.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.8× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
12.0× earnings today, against a median of 13.7× across 10 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $280.27M | 12.0× | |
| 2024-06-30 | $263.57M | 10.2× | |
| 2023-06-30 | $285.96M | 11.8× | |
| 2022-06-30 | $358.45M | 13.5× | |
| 2021-06-30 | $377.59M | 12.4× | |
| 2020-06-30 | $274.81M | 14.3× | |
| 2019-06-30 | $348.41M | 17.9× | |
| 2018-06-30 | $308.41M | 14.0× | |
| 2017-06-30 | $274.57M | 20.4× | |
| 2016-06-30 | $237.08M | 15.0× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the State Commercial Banks filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Effective tax rate | 18.2% | 20th |
CITIZENS & NORTHERN CORP (CZNC) reported net income of $25.35M for the fiscal year ended 2026-06-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from CITIZENS & NORTHERN CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under State Commercial Banks.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2026-06-30 |
|---|---|
| Revenue | Unavailable |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | Unavailable |
| Net income | $25.35M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $31.17M |
| Income tax expense | $5.82M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | Unavailable |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-06-30 |
|---|---|
| Cash & equivalents | $82.54M |
| Total assets | $3.15B |
| Current assets | Unavailable |
| Total liabilities | $2.81B |
| Current liabilities | Unavailable |
| Total equity incl. NCI | $346.14M |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | Unavailable |
| Goodwill | $63.31M |
| Long-term debt | Unavailable |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-06-30 |
|---|---|
| Operating cash flow | $45.98M |
| Capital expenditures | $1.22M |
| Investing cash flow | $23.35M |
| Financing cash flow | -$85.17M |
| Net change in cash | Unavailable |
| Stock-based compensation | Unavailable |
| Common dividends paid | $17.62M |
| Common share repurchases | Unavailable |
| Depreciation & amortization | $2.62M |
Derived
| Metric | 2026-06-30 |
|---|---|
| Free cash flow | $44.77M |
| Gross margin | Unavailable |
| Operating margin | Unavailable |
| FCF margin | Unavailable |
| SBC / revenue | Unavailable |
| Current ratio | Unavailable |
| Revenue YoY growth | Unavailable |
| Net margin | Unavailable |
| R&D / revenue | Unavailable |
| CapEx / revenue | Unavailable |
| Long-term debt / equity | Unavailable |
| Effective tax rate | 18.7% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open CZNC in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.