Trade Citizens & Northern Corp - CZNC CFD

Citizens&Northern Company profile

About Citizens & Northern Corporation

Citizens & Northern Corporation is a holding company. It is a community banking. Its subsidiaries include Citizens & Northern Bank (C&N Bank or the Bank), Citizens & Northern Investment Corporation and Bucktail Life Insurance Company (Bucktail). C&N Bank provides a range of banking services, including deposit and loan products for personal and commercial customers. The Bank also maintains a trust department that provides a range of financial services, such as 401(k) plans, retirement planning, estate planning, estate settlements and asset management. Its rewards package includes market-competitive salary, bonuses or sales commissions, short-term and long-term equity incentives, healthcare and retirement benefits, and paid time off. Its grants commercial, residential and personal loans to customers primarily in the Corporations legacy markets of the northern tier/north central regions of Pennsylvania and southern tier of New York and in Southeastern and southcentral Pennsylvania.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Citizens & Northern Corporation interest income increased 10% to $84.5M. Net interest income after loan loss provision increased 17% to $74.3M. Net income applicable to common stockholders increased 59% to $30.3M. Net interest income after loan loss provision reflects Net Interest Spread, Total - % increase of 2% to 3.55%, Interest and Fees on Loans increase of 11% to $74.5M.

Equity composition

Common Stock $1 Par, 12/10, 20M auth., 12,408,212 issd., less 254,614 shs. in Treas. @ $4.4M. Insiders own 1.97%. Shs issd. 4/03, 3-for-2 split; 12/07,12/06,12/05,12/04,12/03, 12/02,1/02,11/00,11/99,11/98,1/98,1/97, 1/96, 1/95, 1/94, 1/93 & 1/92, 1% stock dividends. Pref. Stock $1,000 Par, 30K auth., 26,440 issd.