CZNC
Citizens & Northern Corporation21.98
-0.01-0.05%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
391.35MP/E (TTM)
12.56Basic EPS (TTM)
1.75Dividend Yield
0.05%Recent Filings
10-K
FY2025 results
Citizens & Northern grew assets to $3.1B in FY2025 ended December 31, 2025, up 20% y/y, fueled by the October 1 Susquehanna merger adding $501M deposits and $394M loans over Q4. Net income fell to $23.4M or $1.46/share from $26.0M or $1.69/share y/y, hit by $7.9M merger costs, yet adjusted earnings hit $1.85/share. Net interest income jumped 16% to $91.9M with NIM expanding to 3.61% from 3.30%, while Q4 benefited from three months of acquired earning assets. Loans hit $2.4B (up 24% y/y), deposits $2.6B (up 23% y/y), ACL rose to 1.32%. Repurchased 501 shares Q4. Strong liquidity covers uninsured deposits 149%. Integration risks could slow quarterly momentum.
8-K
Q4 earnings hit by merger costs
C&N reported Q4 2025 net income of $4.5M ($0.25/share), down from $8.2M ($0.53/share) in Q4 2024, hammered by $6.9M merger expenses from the October 1 Susquehanna deal that added $394M loans and $501M deposits for $44.6M stock consideration. Net interest income jumped 39% to $28.5M with NIM at 3.84%, fueled by acquisition growth; adjusted EPS hit $0.56. Nonperformers rose to 1.06% of assets. Merger integration risks loom.
8-K
C&N declares $0.28 dividend
10-Q
Q3 FY2025 results
Citizens & Northern Corporation posted solid Q3 FY2025 results, with net interest income climbing 10.4% year-over-year to $22.3M on a fully taxable-equivalent basis (derived), thanks to a 31 basis point drop in funding costs and steady loan growth. The net interest margin expanded to 3.62% from 3.29%, while diluted EPS held at $0.42, matching last year's figure despite $882K in merger costs. Noninterest income edged up 2.4% to $7.3M, driven by trust fees, but expenses rose 6.1% mainly from integration prep. Cash balances dipped slightly to $123.1M, FHLB advances fell to $132.9M with $802.2M available, and free cash flow stood at $19.97M for the nine months (derived). The Susquehanna merger closed October 1 for ~$44.6M in stock, adding seven branches but potential integration snags loom. Non-GAAP adjusted EPS hit $0.47, excluding merger hits. Yet competition in regional banking keeps pressure on margins.
8-K
Merger boosts assets 22%
Citizens & Northern Corporation completed its merger with Susquehanna Community Financial on October 1, 2025, adding $587 million in assets and $501 million in deposits to boost its Central Pennsylvania footprint. The deal issued 2.273 million shares at an 0.80 exchange ratio, valuing the transaction at $44.6 million, with Susquehanna shareholders holding 13% of the combined entity. It promises 17% EPS accretion in 2026 and 2027, yet requires 2.75 years to recoup 7.9% tangible book value dilution. Integration finishes in Q4 2025.
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