CZNCCITIZENS & NORTHERN CORP
State Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $503M
- Employees
- 460
- Net debt / EBITDA
- —
- −$50M net debt
- AI in 10-K
- 2.2
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo137% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo51% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo2% of assetsOver 40% of assets
- Shareholder dissentNo88% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo2.2 per 10K words · 59th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$503M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$5K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $31M | $27M | $24M | $26M | $23M | 9.8% |
| Operating cash flow | $35M | $35M | $34M | $33M | $32M | 3.1% |
| Capex | $2M | $3M | $2M | $2M | $2M | 0.1% |
| Stock-based comp | $1M | $1M | $1M | $1M | $1M | 14% |
| Dividends | $16M | $16M | $16M | $16M | $16M | 4.9% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $81K · 25
- Open-market sells, 12 mo
- $77K · 3
- Net
- $5K
Pay vs performance
No pay-versus-performance disclosure yet.