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Income Statement
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Cash Flow Statement

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Op Efficiency
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CITIZENS & NORTHERN CORP (CZNC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K/A10-K10-K10-K
    Interest income:  
        Interest income on loans       34.932.831.3
        Interest income on investments  91.984.176.864.249.910.711.112.8
       92.684.577.264.850.345.944.144.5
    Interest expense:  
        Interest on deposits  6.64.57.28.23.72.42.11.9
        Interest on borrowings      0.9   
       9.56.69.610.34.63.93.74.6
Net interest income  83.177.967.654.545.741.940.439.9
Provision for loan losses  7.33.73.90.80.60.81.20.8
Net interest income after provision for loan losses  75.974.363.753.645.141.139.239.1
        Deposit and loan fees      5.5 4.74.9
        Other non-interest income  24.425.924.519.315.116.412.013.5
Total non-interest income  24.425.924.519.320.616.416.718.3
Non-interest expenses  68.062.565.049.539.537.034.735.6
Pre-tax income before non-recurring items  32.537.630.327.526.620.621.121.8
Non-recurring items  0.1-0.17.14.10.3   
Pre-tax income  32.437.723.223.426.320.621.121.8
Income taxes  5.77.14.03.94.37.25.35.3
            Tax rate  17.7%18.9%17.2%16.7%16.2%34.8%25.3%24.5%
Net income  26.630.619.219.522.013.415.816.5
            Net margin  26.5%30.5%21.8%26.7%33.5%23.3%28.2%28.7%
   
Basic EPS  $1.72$1.94$1.30$1.47$1.79$1.11$1.31$1.36
Diluted EPS  $1.72$1.94$1.30$1.46$1.79$1.11$1.31$1.35
   
Shares outstanding (basic)  15.515.814.713.312.312.112.012.1
Shares outstanding (diluted)  15.515.814.713.312.312.212.112.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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