Citizens & Northern (CZNC)


Market Price (11/6/2026): $28.24 | Market Cap: $506.5 MilSector: Financials | Industry: Regional Banks

Citizens & Northern (CZNC)


Market Price (11/6/2026): $28.24
Market Cap: $506.5 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.6%, Dividend Yield is 3.5%, FCF Yield is 8.9%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -38%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32%

Low stock price volatility
Vol 12M is 23%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.

Trading close to highs
Dist 52W High is -1.1%, Dist 3Y High is -1.1%

Key risks
CZNC key risks include [1] deteriorating asset quality and rising credit losses, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.6%, Dividend Yield is 3.5%, FCF Yield is 8.9%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -38%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32%
4 Low stock price volatility
Vol 12M is 23%
5 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.
6 Trading close to highs
Dist 52W High is -1.1%, Dist 3Y High is -1.1%
7 Key risks
CZNC key risks include [1] deteriorating asset quality and rising credit losses, Show more.

CZNC in ETFs

Weight = CZNC's share of each fund

VTI0.00%
IWM0.02%
IWN0.03%
VTWO0.01%
DFAS0.01%
DFAC0.00%
IWV0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/1/2026

Citizens & Northern (CZNC) stock has gained about 15% since 7/31/2026 because of the following key factors:

1. Citizens & Northern exceeded analyst expectations with its strong fiscal Q2 2026 earnings. The company reported diluted earnings per share (EPS) of $0.79 for the fiscal quarter ending June 30, 2026, surpassing the consensus estimate of $0.63 by $0.16. This significant beat contributed to positive market sentiment, with revenue also exceeding expectations at $39.65 million compared to analyst estimates of $38.60 million.

2. The company's exceptional fiscal Q3 2026 earnings further propelled stock growth. For the fiscal quarter ending September 30, 2026, Citizens & Northern announced record net income of $16.29 million, resulting in diluted EPS of $0.92. This substantially beat the consensus analyst estimate of $0.68 per share. The strong year-over-year growth in net income from $6.55 million in fiscal Q3 2025 to $16.29 million in fiscal Q3 2026 underscored the company's improved profitability.

Show more
Updated on 11/1/2026

Citizens & Northern (CZNC) stock has gained about 15% since 7/31/2026 because of the following key factors:

1. Citizens & Northern exceeded analyst expectations with its strong fiscal Q2 2026 earnings. The company reported diluted earnings per share (EPS) of $0.79 for the fiscal quarter ending June 30, 2026, surpassing the consensus estimate of $0.63 by $0.16. This significant beat contributed to positive market sentiment, with revenue also exceeding expectations at $39.65 million compared to analyst estimates of $38.60 million.

2. The company's exceptional fiscal Q3 2026 earnings further propelled stock growth. For the fiscal quarter ending September 30, 2026, Citizens & Northern announced record net income of $16.29 million, resulting in diluted EPS of $0.92. This substantially beat the consensus analyst estimate of $0.68 per share. The strong year-over-year growth in net income from $6.55 million in fiscal Q3 2025 to $16.29 million in fiscal Q3 2026 underscored the company's improved profitability.

3. Favorable macroeconomic conditions, particularly higher interest rates, provided a tailwind for the regional banking sector, including CZNC. Regional banks generally experienced expanding net interest margins (NIMs) due to higher interest rates, which enabled them to lend at increased rates while maintaining relatively low funding costs. This trend directly benefited Citizens & Northern, as evidenced by its net interest income increasing to $30.21 million in fiscal Q3 2026, up from $22.26 million in the prior year's comparable quarter. The broader regional banking sector saw a median share price appreciation of 20% between year-end 2025 and August 24, 2026, outperforming the S&P 500.

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Stock Movement Drivers

Fundamental Drivers

The 13.7% change in CZNC stock from 7/31/2026 to 11/5/2026 was primarily driven by a 35.2% change in the company's Net Income Margin (%).
(LTM values as of)731202611052026Change
Stock Price ($)24.8428.2513.7%
Change Contribution By: 
Total Revenues ($ Mil)1301407.7%
Net Income Margin (%)13.4%18.1%35.2%
P/E Multiple25.319.8-21.7%
Shares Outstanding (Mil)1818-0.2%
Cumulative Contribution13.7%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
CZNC13.7% 
Market (SPY)-1.9%3.7%
Sector (XLF)1.0%40.1%

Fundamental Drivers

The 32.4% change in CZNC stock from 4/30/2026 to 11/5/2026 was primarily driven by a 23.0% change in the company's P/E Multiple.
(LTM values as of)430202611052026Change
Stock Price ($)21.3328.2532.4%
Change Contribution By: 
Total Revenues ($ Mil)12114016.1%
Net Income Margin (%)19.4%18.1%-6.8%
P/E Multiple16.119.823.0%
Shares Outstanding (Mil)1818-0.5%
Cumulative Contribution32.4%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
CZNC32.4% 
Market (SPY)2.3%-3.3%
Sector (XLF)10.7%43.0%

Fundamental Drivers

The 55.1% change in CZNC stock from 10/31/2025 to 11/5/2026 was primarily driven by a 90.9% change in the company's P/E Multiple.
(LTM values as of)1031202511052026Change
Stock Price ($)18.2128.2555.1%
Change Contribution By: 
Total Revenues ($ Mil)11014027.6%
Net Income Margin (%)24.5%18.1%-26.3%
P/E Multiple10.419.890.9%
Shares Outstanding (Mil)1518-13.6%
Cumulative Contribution55.1%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
CZNC55.1% 
Market (SPY)8.4%6.0%
Sector (XLF)11.1%39.8%

Fundamental Drivers

The 83.4% change in CZNC stock from 10/31/2023 to 11/5/2026 was primarily driven by a 107.1% change in the company's P/E Multiple.
(LTM values as of)1031202311052026Change
Stock Price ($)15.4028.2583.4%
Change Contribution By: 
Total Revenues ($ Mil)10714031.6%
Net Income Margin (%)23.0%18.1%-21.5%
P/E Multiple9.619.8107.1%
Shares Outstanding (Mil)1518-14.3%
Cumulative Contribution83.4%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
CZNC83.4% 
Market (SPY)81.3%28.9%
Sector (XLF)85.5%45.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CZNC Return38%-8%4%-12%15%47%94%
Peers Return32%-3%-7%18%6%25%86%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
CZNC Win Rate67%33%58%42%58%55% 
Peers Win Rate70%42%45%53%53%62% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
CZNC Max Drawdown-11%-13%-26%-25%-17%-14% 
Peers Max Drawdown-19%-22%-38%-19%-22%-14% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: WSBC, PRK, FMBH, TMP, MPB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventCZNCS&P 500
2025 US Tariff Shock
  % Loss-14.8%-18.8%
  % Gain to Breakeven17.4%23.1%
  Time to Breakeven243 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-17.6%-9.5%
  % Gain to Breakeven21.4%10.5%
  Time to Breakeven22 days24 days
2023 SVB Regional Banking Crisis
  % Loss-24.0%-6.7%
  % Gain to Breakeven31.6%7.1%
  Time to Breakeven225 days31 days
2020 COVID-19 Crash
  % Loss-36.6%-33.7%
  % Gain to Breakeven57.8%50.9%
  Time to Breakeven385 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-12.6%-19.2%
  % Gain to Breakeven14.4%23.8%
  Time to Breakeven56 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-13.6%-17.9%
  % Gain to Breakeven15.8%21.8%
  Time to Breakeven11 days123 days

Compare to WSBC, PRK, FMBH, TMP, MPB

In The Past

Citizens & Northern's stock fell -14.8% during the 2025 US Tariff Shock. Such a loss loss requires a 17.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCZNCS&P 500
2023 SVB Regional Banking Crisis
  % Loss-24.0%-6.7%
  % Gain to Breakeven31.6%7.1%
  Time to Breakeven225 days31 days
2020 COVID-19 Crash
  % Loss-36.6%-33.7%
  % Gain to Breakeven57.8%50.9%
  Time to Breakeven385 days140 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-21.2%-15.4%
  % Gain to Breakeven27.0%18.2%
  Time to Breakeven76 days125 days

Compare to WSBC, PRK, FMBH, TMP, MPB

In The Past

Citizens & Northern's stock fell -14.8% during the 2025 US Tariff Shock. Such a loss loss requires a 17.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Citizens & Northern (CZNC)

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Citizens & Northern Corporation (CZNC) operates as a bank holding company, primarily through its subsidiary, Citizens & Northern Bank, serving both individual and corporate customers. The company offers a foundational range of banking services, including various lending products such as commercial, mortgage, and consumer loans, as well as specialized instruments like commercial letters-of-credit. On the deposit side, it provides a comprehensive suite of options including checking, savings, money market, interest checking accounts, individual retirement accounts (IRAs), and certificates of deposit (CDs).

Beyond core banking, CZNC diversifies its offerings to include wealth management services, which encompass the administration of trusts and estates, retirement planning, and investment management. The company further extends its financial services by providing personal and commercial insurance products, mutual funds, annuities, educational savings accounts, and other investment products. Additionally, it engages in the reinsurance of credit, mortgage, life, and accident and health insurance products.

Established in 1864 and headquartered in Wellsboro, Pennsylvania, Citizens & Northern serves its customer base through a network of 31 branch offices and a lending office. Its geographic presence is concentrated mainly across various regions of Pennsylvania, including the Northern tier, Northcentral, Southeastern, and Southcentral areas, with additional branches in the Southern tier of New York State. This regional focus allows the company to cater to the specific financial needs of communities within these concentrated markets.

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AI Analysis | Feedback

Here are a few analogies for Citizens & Northern:

  • A miniature Wells Fargo.
  • A regional PNC Bank.

AI Analysis | Feedback

  • Lending Products: The company provides various types of loans, including commercial, consumer, and mortgage loans, as well as specialized commercial letters-of-credit.
  • Deposit Products: A wide array of deposit accounts are offered, such as checking, savings, money market, interest checking, individual retirement accounts, and certificates of deposit.
  • Mortgage Services: Citizens & Northern offers comprehensive mortgage services to individual and corporate customers.
  • Wealth Management Services: This includes administration of trusts and estates, retirement and other employee benefit plans, and investment management services.
  • Insurance Products: The bank provides a range of personal and commercial insurance products.
  • Investment Products: Through registered agents, the company offers investment products such as mutual funds, annuities, and educational savings accounts.
  • Reinsurance Services: Citizens & Northern reinsures various insurance products, including credit, mortgage, life, accident, and health insurance.

AI Analysis | Feedback

Citizens & Northern (CZNC) primarily sells its banking and financial services to a broad base of individual and corporate customers rather than a few major named entities. Based on the company description, its customer base can be categorized as follows:

  1. Individual Customers: This category includes consumers and households utilizing a range of personal banking services such as checking accounts, savings accounts, money market accounts, interest checking accounts, individual retirement accounts, certificates of deposit, mortgage loans, and consumer loans. They also access personal insurance products and basic investment products.
  2. Corporate and Business Customers: This category encompasses various businesses and organizations that leverage commercial banking services. These services include commercial loans, commercial letters-of-credit, business deposit accounts, commercial insurance products, and employee benefit plan services.
  3. Wealth Management Clients: These customers, which can include affluent individuals, families, and potentially institutions, utilize the company's specialized wealth management services. This involves the administration of trusts and estates, management of retirement plans, other employee benefit plans, and broader investment management services.

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Major Suppliers Null

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J. Bradley Scovill President and Chief Executive Officer

J. Bradley Scovill has served as the President and Chief Executive Officer of Citizens & Northern Corporation since 2015. He intends to retire in 2027.

Mark A. Hughes Treasurer, Executive Vice President, Principal Accounting Officer and Chief Financial Officer

Mark A. Hughes serves as the Treasurer, Executive Vice President, Principal Accounting Officer, and Chief Financial Officer of Citizens & Northern Bank.

Harold F. Hoose III Executive Vice President and Chief Revenue Officer

Harold F. Hoose III holds the position of Executive Vice President and Chief Revenue Officer of Citizens & Northern Bank.

Blair T. Rush Executive Vice President and Southeast Region President

Blair T. Rush is the Executive Vice President and Southeast Region President of Citizens & Northern Bank.

John M. Reber Executive Vice President, Chief Risk Management Officer

John M. Reber serves as the Executive Vice President, Chief Risk Management Officer of Citizens & Northern Bank.

AI Analysis | Feedback

Key Risks to Citizens & Northern Corporation (CZNC)

For Citizens & Northern Corporation (CZNC), a regional bank operating in Pennsylvania and New York, key risks to the business include deteriorating asset quality and associated credit risk, persistent cybersecurity and data privacy threats, and ongoing exposure to interest rate volatility affecting its net interest margin.

  1. Credit Risk and Asset Quality Deterioration: Citizens & Northern has shown a concerning trend of increasing nonperforming assets, which are loans or assets not generating income due to default or distress. Nonperforming assets rose to 1.02% of total assets as of September 30, 2025, up from 0.92% in the prior year. This trend has necessitated an increase in the bank's Allowance for Credit Losses (ACL) to 1.21% of gross loans receivable at the end of Q3 2025, compared to 1.06% at year-end 2024. This indicates a heightened risk of loan defaults and potential financial losses for the bank.
  2. Cybersecurity and Data Privacy Threats: Financial institutions, including community banks like Citizens & Northern, consistently identify cybersecurity as a top concern. The average cost of a data breach increased to $6.08 million in 2024, and a successful cyberattack can lead to significant reputational damage, legal liabilities, and financial losses. Given CZNC's extensive banking, mortgage, and wealth management services, which involve handling sensitive customer data, it remains a prime target for sophisticated cyber threats and fraud attempts.
  3. Interest Rate Volatility and Net Interest Margin (NIM) Compression: Despite recent gains in its net interest margin (NIM), the core profitability measure for banks, Citizens & Northern remains vulnerable to fluctuations in interest rates. The broader economic environment continues to present challenges for banks due to factors such as fluctuating interest rates, which can impact loan demand, deposit costs, and the overall profitability of lending activities. This volatility can lead to pressure on the bank's NIM, affecting its earnings capacity.

AI Analysis | Feedback

The increasing prevalence and sophistication of digital-only banks, fintech companies, and non-bank lenders that offer banking and financial services with significantly lower overheads, greater convenience, and often superior digital user experiences. These competitors are directly challenging traditional, branch-based banks like Citizens & Northern by attracting customers who prefer digital interactions and value speed, ease of use, and competitive pricing over physical branch access, thereby eroding C&N's deposit base, loan origination volume, and wealth management clients.

AI Analysis | Feedback

Citizens & Northern (symbol: CZNC) operates as a bank holding company offering a range of banking, mortgage, wealth management, and insurance services primarily in Pennsylvania and New York. Identifying precise addressable markets for all products across its specific regional footprint can be challenging due to data availability at such granular levels. However, based on available information, market sizes for their main products and services in the broader Pennsylvania and New York State regions can be identified.

Addressable Markets for Citizens & Northern's Main Products and Services:

Banking Services (Pennsylvania)

  • Total Deposits: In Pennsylvania, total bank deposits amounted to $561 billion as of the second quarter of 2024.
  • New Home Loans: New home loans booked in Pennsylvania totaled $26.5 billion in 2024.
  • Small Business Loans: The market for small business loans in Pennsylvania was $21.8 billion in 2024.
  • Small Farm Loans: Small farm loans in Pennsylvania reached $2 billion in 2024.

Banking Services (New York)

  • Total Deposits: In New York State, total deposits held by banks amounted to $2.4 trillion in 2024.
  • New Home Loans: New home loans booked in New York State totaled $38.7 billion in 2024.
  • Small Business Loans: The market for small business loans in New York State was $40.1 billion in 2024.

Wealth Management Services (Pennsylvania)

  • Portfolio Management & Investment Advice: The market size for the Portfolio Management & Investment Advice industry in Pennsylvania is projected to be $24.3 billion in 2026.

Wealth Management Services (New York)

  • A comprehensive, current statewide market size for overall wealth management (e.g., total assets under management for the entire state) was not readily available. However, for context, the New York City pension funds alone managed over $253 billion in assets as of June 30, 2023. The North American wealth management platform market, which includes New York, had a market size of approximately $4.82 billion in 2023.

Insurance Products (Pennsylvania)

  • Insurance Brokers & Agencies: The market size for the Insurance Brokers & Agencies industry in Pennsylvania is projected to be $12.5 billion in 2026.
  • Life Insurance: In 2021, there were 6.1 million individual life insurance policies in force in Pennsylvania, with $11.8 billion paid out in life insurance and annuity benefits.
  • Health Insurance: As of June 30, 2024, nearly 13 million people in Pennsylvania had medical coverage.

Insurance Products (New York)

  • Total Direct Written Premiums: Total direct written premiums across all insurance types in New York reached $220 billion in 2022.
  • Life and Annuity Insurance Premiums: Life and annuity insurance premiums in New York account for $105 billion annually.
  • Property and Casualty Premiums: Property and casualty premiums in New York total $78 billion annually.
  • Homeowners Insurance: New York's homeowners insurance market was valued at $3.7 billion.

AI Analysis | Feedback

Citizens & Northern Corporation (CZNC) is expected to experience future revenue growth driven by several key factors over the next 2-3 years:
  • Benefits from the Susquehanna Community Financial Merger: The recently completed merger with Susquehanna Community Financial, Inc. (October 2025) is a significant driver. This strategic acquisition is anticipated to expand the company's market presence, increase its total assets and loan portfolio, and contribute approximately 17% accretion to fiscal year 2026 earnings per share.
  • Growth in Loan Portfolio: Citizens & Northern has demonstrated consistent growth in its loan portfolio, with commercial loans constituting a significant portion of this growth. This expansion in lending activities directly contributes to an increase in net interest income.
  • Increase in Noninterest Income: The company is focused on enhancing noninterest income through various channels. This includes growth in trust revenue, brokerage and insurance revenue, and loan servicing fees, diversifying its revenue streams beyond traditional lending.
  • Improved Net Interest Margin (NIM): An improving net interest margin, which represents the difference between interest income generated and interest paid out, indicates better profitability from the company's core banking operations. The NIM has shown an upward trend, reflecting effective management of asset and liability pricing.

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Share Repurchases

  • During the year ended December 31, 2025, Citizens & Northern repurchased 501 shares of its common stock for a total cost of $9,534.
  • As of December 31, 2025, the company had 723,465 shares available for repurchase under an existing program that authorizes the repurchase of up to 750,000 shares of common stock.

Share Issuance

  • On October 1, 2025, Citizens & Northern issued approximately 2.3 million shares of common stock to former stockholders of Susquehanna Community Financial, Inc., as part of a merger agreement.
  • This issuance contributed to an increase in C&N's stockholders' equity by $44.4 million, net of associated equity issuance costs.

Outbound Investments

  • Citizens & Northern completed its merger with Susquehanna Community Financial, Inc. on October 1, 2025, in an all-stock deal valued at approximately $44.3 million.
  • The acquisition added approximately $596.2 million in total assets, $393.6 million in total loans, and $501.5 million in deposits to Citizens & Northern.
  • The merger is anticipated to be about 17% accretive to Citizens & Northern's earnings per share for fiscal year 2026.

Peer Outperformance in Regional Banks

CZNC has trailed 56% of its 262 Regional Banks peers over 5Y. Among the peers that beat it are SRCE, WTFC and FULT. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that CZNC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
89%
of 281 industry peers · 53.9% return
3Y
37%
of 273 industry peers · 73.7% return
5Y
44%
of 262 industry peers · 37.6% return
Regional Banks peers with revenue growth within 4pp of CZNC's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
CZNC Citizens & Northern 10.3% 19.8x 53.9%73.7%37.6% —
SRCE 1st Source 7.5% 11.8x 46.3%95.9%95.9% +58pp
WTFC Wintrust Financial 9.1% 11.1x 19.0%98.3%77.6% +40pp
FULT Fulton Financial 8.0% 11.5x 40.0%92.4%73.1% +36pp
TCBI Texas Capital Bancshares 8.1% 12.3x 21.5%81.9%64.6% +27pp
ASB Associated Banc-Corp 11.3% 10.8x 24.5%96.3%61.2% +24pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is CZNC's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 33.1%75.7%125.1% SPNT 168% · RGA 162% · RNR 141%
Investment Banking & Brokerage 13 -3.9%89.1%93.1% IBKR 305% · SNEX 152% · GS 141%
Diversified Banks 12 30.0%140.4%90.3% CM 144% · RY 129% · JPM 127%
Life & Health Insurance 20 14.3%52.3%75.4% JXN 514% · UNM 224% · FG 188%
Property & Casualty Insurance 42 18.9%76.8%66.8% TRV 178% · PGR 172% · ACGL 168%
Multi-Sector Holdings 3 10.1%53.8%59.4% BRK-B 99% · VOYA 59% · JEF 37%
Multi-line Insurance 9 9.5%71.4%59.4% AIZ 105% · GNW 104% · L 98%
Regional Banks ← 263 30.0%87.5%46.7% CBC 268% · FCNCA 176% · NIC 136%
Insurance Brokers 15 5.5%13.4%33.4% LIFE 287% · ARX 89% · WTW 56%
Financial Exchanges & Data 15 20.6%37.2%27.9% CBOE 183% · VIRT 131% · CME 71%
Asset Management & Custody Banks 83 -5.9%22.8%12.3% VCTR 210% · AAMI 207% · WT 205%
Consumer Finance 30 2.9%81.0%8.1% ENVA 330% · FCFS 130% · ECPG 111%
Commercial & Residential Mortgage Finance 14 -46.5%36.8%2.5% FNMA 327% · FMCC 293% · ACT 158%
Diversified Financial Services 4 -1.6%20.1%-1.1% FRHC 153% · EQH 71%
Specialized Finance 3 15.8%31.5%-19.7% HASI -20% · CACC -24%
Transaction & Payment Processing Services 17 19.3%9.1%-29.4% V 103% · MA 94% · CPAY 83%
Mortgage REITs 35 -18.0%-6.1%-37.2% RITM 36% · DX 17% · AGNC 10%
Diversified Capital Markets 20 -47.1%-8.5%-70.1% LPLA 83% · TW 38% · RIOT -53%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1How Low Can Citizens & Northern Stock Really Go?10/17/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CZNCWSBCPRKFMBHTMPMPBMedian
NameCitizens.Wesbanco Park Nat.First Mi.Tompkins.Mid Penn. 
Mkt Price28.2438.68179.7050.86100.0534.2844.77
Mkt Cap0.53.73.31.31.40.91.4
Rev LTM1401,063624375263261319
Op Inc LTM-------
FCF LTM45378184119507497
FCF 3Y Avg33268176108766292
CFO LTM463921991275980103
CFO 3Y Avg35282186114836998

Growth & Margins

CZNCWSBCPRKFMBHTMPMPBMedian
NameCitizens.Wesbanco Park Nat.First Mi.Tompkins.Mid Penn. 
Rev Chg LTM27.6%21.7%14.9%13.5%-19.0%35.5%18.3%
Rev Chg 3Y Avg10.3%22.6%8.5%14.4%8.3%16.1%12.4%
Rev Chg Q34.6%4.1%26.4%23.1%2.8%39.9%24.7%
QoQ Delta Rev Chg LTM7.7%1.0%6.3%5.6%0.9%9.0%6.0%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM32.8%36.9%31.9%33.8%22.4%30.7%32.4%
CFO/Rev 3Y Avg29.6%33.2%34.1%33.6%28.0%33.5%33.4%
FCF/Rev LTM31.9%35.6%29.5%31.8%18.9%28.3%30.7%
FCF/Rev 3Y Avg27.8%31.6%32.3%31.8%25.7%30.5%31.0%

Valuation

CZNCWSBCPRKFMBHTMPMPBMedian
NameCitizens.Wesbanco Park Nat.First Mi.Tompkins.Mid Penn. 
Mkt Cap0.53.73.31.31.40.91.4
P/S3.63.55.23.65.43.33.6
P/Op Inc-------
P/EBIT-------
P/E19.810.317.113.47.912.713.1
P/CFO10.99.516.310.624.110.810.9
Total Yield8.6%13.5%8.8%9.3%15.5%10.3%9.8%
Dividend Yield3.5%3.8%2.9%1.8%2.7%2.5%2.8%
FCF Yield 3Y Avg9.4%9.3%6.5%10.5%8.0%11.1%9.4%
D/E0.30.60.00.20.30.20.3
Net D/E-0.40.3-0.6-0.2-0.5-0.5-0.4

Returns

CZNCWSBCPRKFMBHTMPMPBMedian
NameCitizens.Wesbanco Park Nat.First Mi.Tompkins.Mid Penn. 
1M Rtn12.3%4.2%-0.3%2.7%2.3%-5.1%2.5%
3M Rtn13.0%-6.4%-12.1%-1.5%0.9%-8.7%-4.0%
6M Rtn32.5%15.4%4.1%17.6%18.4%7.0%16.5%
12M Rtn53.8%31.9%19.7%41.0%51.6%20.8%36.5%
3Y Rtn73.7%69.3%83.6%83.1%108.1%86.4%83.3%
1M Excs Rtn14.7%7.5%3.5%5.5%4.8%-2.0%5.2%
3M Excs Rtn13.5%-5.5%-10.3%0.8%2.2%-7.3%-2.3%
6M Excs Rtn27.7%10.6%-0.7%12.8%13.6%2.2%11.7%
12M Excs Rtn41.2%20.7%8.9%31.2%45.0%9.7%26.0%
3Y Excs Rtn0.1%-1.3%11.0%17.7%40.7%15.3%13.1%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Community banking operations10710310610291
Total10710310610291


Net Income by Segment
$ Mil2025202420232022
Community banking operations23262427
Total23262427


Assets by Segment
$ Mil20252024
Community banking operations3,1322,611
Total3,1322,611


Price Behavior

Price Behavior
Market Price$28.25 
Market Cap ($ Bil)0.5 
First Trading Date05/30/1996 
Distance from 52W High-1.1% 
   50 Days200 Days
DMA Price$25.82$23.18
DMA Trendupup
Distance from DMA9.4%21.9%
 3M1YR
Volatility19.5%23.4%
Downside Capture-58.80-16.12
Upside Capture18.6339.16
Correlation (S&P 500)-8.6%5.7%
CZNC Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta-0.74-0.25-0.16-0.170.070.59
Up Beta0.08-0.400.33-0.220.070.66
Down Beta-0.55-0.80-0.79-0.45-0.040.63
Up Capture14%30%15%20%27%26%
Bmk +ve Days12182862130427
Stock +ve Days12203466129376
Down Capture-168%-56%-55%-53%-23%71%
Bmk -ve Days10253664121325
Stock -ve Days10222959116366

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CZNC
CZNC55.0%23.4%1.79-
Sector ETF (XLF)11.1%15.2%0.4739.8%
Equity (SPY)9.5%13.6%0.416.2%
Gold (GLD)3.6%28.7%0.11-0.4%
Commodities (DBC)37.7%21.2%1.40-28.1%
Real Estate (VNQ)12.0%14.2%0.5543.1%
Bitcoin (BTCUSD)-20.8%43.3%-0.420.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CZNC
CZNC7.5%29.3%0.26-
Sector ETF (XLF)9.1%18.4%0.3642.9%
Equity (SPY)11.3%17.3%0.4830.7%
Gold (GLD)17.5%19.1%0.74-0.7%
Commodities (DBC)8.0%19.6%0.29-1.1%
Real Estate (VNQ)1.2%18.9%-0.0537.5%
Bitcoin (BTCUSD)5.9%51.5%0.2914.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CZNC
CZNC8.2%34.9%0.32-
Sector ETF (XLF)13.3%22.1%0.5459.0%
Equity (SPY)14.9%18.0%0.7046.1%
Gold (GLD)12.0%16.5%0.59-1.8%
Commodities (DBC)7.6%18.1%0.3312.5%
Real Estate (VNQ)5.7%20.7%0.2346.4%
Bitcoin (BTCUSD)61.3%66.2%1.0115.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.3 Mil
Short Interest: % Change Since 9302026-5.9%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest6.4 days
Basic Shares Quantity17.8 Mil
Short % of Basic Shares1.8%

Earnings Returns History

Updated 11/1/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/22/20264.2%4.4% 
7/23/20264.7%9.3%12.2%
4/29/2026-4.0%-4.3%-7.3%
1/28/2026-1.2%9.2%8.5%
10/23/20251.2%1.3%3.7%
7/24/20250.2%-0.8%8.5%
4/23/2025-3.9%-1.0%-0.9%
1/23/20251.5%17.9%11.4%
...
SUMMARY STATS   
# Positive121514
# Negative1299
Median Positive1.2%3.2%4.9%
Median Negative-1.9%-3.1%-1.6%
Max Positive4.7%17.9%17.5%
Max Negative-4.0%-5.1%-7.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/22/20264.2%4.4% 
7/23/20264.7%9.3%12.2%
4/29/2026-4.0%-4.3%-7.3%
1/28/2026-1.2%9.2%8.5%
10/23/20251.2%1.3%3.7%
7/24/20250.2%-0.8%8.5%
4/23/2025-3.9%-1.0%-0.9%
1/23/20251.5%17.9%11.4%
10/17/2024-3.7%-4.6%2.0%
7/18/2024-1.3%11.3%-1.0%
4/25/20241.4%0.8%1.8%
1/18/20240.0%1.5%-0.3%
10/19/20231.0%4.0%17.5%
7/20/2023-3.0%2.5%-5.9%
4/20/2023-0.1%-5.1%-3.1%
1/26/2023-1.0%-0.4%-3.1%
10/20/20220.6%3.2%3.3%
7/21/2022-2.3%0.3%4.5%
4/21/2022-2.6%-2.4%-1.6%
1/20/2022-1.6%-3.1%-1.6%
10/21/20210.4%1.3%5.3%
7/22/20211.2%2.0%2.4%
4/22/20212.9%5.4%7.2%
1/21/2021-1.5%-3.3%3.4%
SUMMARY STATS   
# Positive121514
# Negative1299
Median Positive1.2%3.2%4.9%
Median Negative-1.9%-3.1%-1.6%
Max Positive4.7%17.9%17.5%
Max Negative-4.0%-5.1%-7.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/07/202610-Q
03/31/202605/08/202610-Q
12/31/202503/06/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202403/06/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/07/202410-Q
12/31/202303/11/202410-K
09/30/202311/06/202310-Q
06/30/202308/08/202310-Q
03/31/202305/05/202310-Q
12/31/202203/16/202310-K
09/30/202211/07/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/07/202610-Q
03/31/202605/08/202610-Q
12/31/202503/06/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202403/06/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/07/202410-Q
12/31/202303/11/202410-K
09/30/202311/06/202310-Q
06/30/202308/08/202310-Q
03/31/202305/05/202310-Q
12/31/202203/16/202310-K
09/30/202211/07/202210-Q
06/30/202208/05/202210-Q
03/31/202205/06/202210-Q
12/31/202102/22/202210-K
09/30/202111/08/202110-Q
06/30/202108/06/202110-Q
03/31/202105/07/202110-Q
12/31/202003/05/202110-K
09/30/202011/06/202010-Q
06/30/202008/06/202010-Q
03/31/202005/07/202010-Q
12/31/201902/20/202010-K
09/30/201911/12/201910-Q

Insider Activity

Updated 10/5/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Shattuck, Katherine WDirectBuy1005202625.518204273,442Form
2Pellegrino, Frank GDirectBuy1005202625.512456,2501,328,306Form
3Shattuck, Katherine WDirectBuy908202626.178209280,266Form
4Pellegrino, Frank GDirectBuy908202626.171784,6581,356,063Form
5Shattuck, Katherine WDirectBuy810202625.218202267,304Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Shattuck, Katherine WDirectBuy1005202625.518204273,442Form
2Pellegrino, Frank GDirectBuy1005202625.512456,2501,328,306Form
3Shattuck, Katherine WDirectBuy908202626.178209280,266Form
4Pellegrino, Frank GDirectBuy908202626.171784,6581,356,063Form
5Shattuck, Katherine WDirectBuy810202625.218202267,304Form
6Pellegrino, Frank GDirectBuy810202625.212085,2451,288,688Form
7Trate, Christian CTrusteeSell804202625.2156014,118120,958Form
8Dorwart, Stephen MCorporationSell803202625.372,27857,797108,338Form
9Shattuck, Katherine WDirectBuy710202623.029207243,904Form
10Pellegrino, Frank GDirectBuy710202623.021984,5591,171,972Form
11Shattuck, Katherine WDirectBuy608202621.4410214226,917Form
12Pellegrino, Frank GDirectBuy608202621.441904,0741,087,031Form
13Trate, Christian CTrusteeSell528202621.102294,832113,054Form
14Lehman, Terry LDirectBuy513202620.831,00020,828631,446Form
15Shattuck, Katherine WDirectBuy511202621.7510217227,216Form
16Pellegrino, Frank GDirectBuy511202621.752375,1541,084,194Form
17Shattuck, Katherine WDirectBuy407202622.5520451211,000Form
18Pellegrino, Frank GDirectBuy407202622.551804,0581,094,384Form
19Shattuck, Katherine WDirectBuy309202621.9521461205,038Form
20Pellegrino, Frank GDirectBuy309202621.951854,0621,061,788Form
21Shattuck, Katherine WDirectBuy211202623.2216372214,181Form
22Pellegrino, Frank GDirectBuy211202623.221754,0641,105,945Form
23Pellegrino, Frank GDirectBuy112202620.382004,075966,956Form
24Shattuck, Katherine WDirectBuy112202620.3819387187,629Form
25Pellegrino, Frank GDirectBuy1208202520.373166,436962,455Form
26Shattuck, Katherine WDirectBuy1208202520.3729591197,343Form
27Pellegrino, Frank GDirectBuy1110202519.142124,057885,946Form
28Shattuck, Katherine WDirectBuy1110202519.1420383182,598Form
29Shattuck, Katherine WDirectBuy1006202519.7019374187,564Form
30Pellegrino, Frank GDirectBuy1006202519.702074,078907,776Form
Core Cache Last Updated: 11/5/2026