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CZNC on Nasdaq

CITIZENS & NORTHERN CORP

CITIZENS & NORTHERN CORP is an American state commercial bank, incorporated in Pennsylvania.1 It is headquartered in Wellsboro, Pennsylvania.1 Its shares trade on Nasdaq under the symbol CZNC.1

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Last updated Oct 21, 2026.

Overview

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  • TickerCZNC on Nasdaq1
  • IndustryState Commercial Banks1
  • HeadquartersWellsboro, Pennsylvania1
  • Incorporated inPA2
  • Business address90-92 Main St, Wellsboro, Pa 169012
  • Filer categoryAccelerated filer2

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Citizens & Northern Corporation (“Corporation”) is a bank holding company whose principal activity is community banking. The Corporation’s principal office is located in Wellsboro, Pennsylvania. The largest subsidiary is Citizens & Northern Bank (“C&N Bank” or the “Bank”). The Corporation’s other wholly-owned subsidiaries are Citizens & Northern Investment Corporation and Bucktail Life Insurance Company (“Bucktail”). Citizens & Northern Investment Corporation was formed in 1999 to engage in investment activities. Bucktail reinsures credit and mortgage life and accident and health insurance on behalf of C&N Bank.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Deposit Account brought in 53% of the revenue CITIZENS & NORTHERN CORP broke down this way in fiscal 2025.

  1. Deposit Account$6.0M553%up 2% from 2024
  2. Debit Card$4.6M541%up 8% from 2024
  3. Bank Servicing$643.0K56%down 1% from 2024
Products and services by year
Products and services202320242025
Deposit Account$5.6M$5.9M$6.0M
Debit Card$4.2M$4.3M$4.6M
Bank Servicing$602.0K$649.0K$643.0K

Financial statements

Net income67895$23.4M in 2025+20% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $19.5M$19.5M20192020: $19.2M$19.2M2020−1%2021: $30.6M$30.6M2021+59%2022: $26.6M$26.6M2022−13%2023: $24.1M$24.1M2023−9%2024: $26.0M$26.0M2024+7%2025: $23.4M$23.4M2025−10%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Taxable$120.6M$110.4M$98.9M
Tax-exempt$2.4M$2.4M$2.2M
Taxable$10.4M$8.6M$8.6M
Tax-exempt$2.3M$2.3M$2.4M
Other interest and dividend income$3.5M$4.4M$1.4M
Total interest and dividend income$139.2M$128.1M$113.5M
Interest on deposits$39.5M$39.2M$24.2M
Interest on short-term borrowings$7.0K$1.2M$3.2M
Interest on long-term borrowings - FHLB advances$6.5M$7.2M$4.2M
Interest on senior notes, net$931.0K$481.0K$479.0K
Interest on subordinated debt, net$483.0K$926.0K$922.0K
Total interest expense$47.4M$49.0M$33.1M
Net interest income$91.9M$79.1M$80.4M
Provision for credit losses$6.1M$2.2M$186.0K
Net interest income after provision for credit losses$85.8M$76.9M$80.2M
Trust revenue$8.2M$7.9M$7.4M
Brokerage and insurance revenue$2.3M$2.3M$1.7M
Net gains from sale of loans$1.5M$1.2M$723.0K
Increase in cash surrender value of life insurance$1.9M$1.8M$2.7M
Other noninterest income$5.6M$5.2M$4.6M
Realized gains on available-for-sale debt securities, net$38.0K$0-$3.0M
Total noninterest income$30.9M$29.2M$24.4M
Salaries and employee benefits$47.4M$44.9M$44.2M
Net occupancy and equipment expense$5.9M$5.5M$5.4M
Data processing and telecommunications expense$8.7M$7.8M$7.6M
Automated teller machine and interchange expense$1.9M$1.8M$1.7M
Pennsylvania shares tax$1.9M$1.7M$1.6M
Professional fees$2.8M$2.2M$2.5M
Merger-related expenses$7.9M$0$0
Other noninterest expense$11.5M$10.4M$11.2M
Total noninterest expense$88.0M$74.3M$74.1M
Income before income tax provision$28.6M$31.9M$30.5M
Income tax provision$5.2M$5.9M$6.3M
NET INCOME$23.4M$26.0M$24.1M
EARNINGS PER COMMON SHARE - BASIC (in dollars per share)$1.46$1.69$1.57

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Corporate structure

CITIZENS & NORTHERN CORP sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CITIZENS & NORTHERN CORP

  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on CITIZENS & NORTHERN CORP, latest Jan 30, 2026 (3 filings since Nov 4, 2024)
  • BlackRock Filed SCHEDULE 13G/A on CITIZENS & NORTHERN CORP, latest Jan 21, 2026 (4 filings since Feb 1, 2022)
  • CITIZENS & NORTHERN CORP Wellsboro, Pennsylvania
    • Bucktail Life Insurance Company (A) Subsidiary · Arizona, United States
    • C&N Financial Services, LLC (B) Subsidiary · Pennsylvania, United States
    • Citizens & Northern Bank (A) Subsidiary · Pennsylvania, United States
    • Citizens & Northern Investment Corporation (A) Subsidiary · Delaware, United States
    • Northern Tier Holding LLC (B) Subsidiary · Pennsylvania, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CITIZENS & NORTHERN CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$60.0M5 Dec 31, 2025$51.6M5 Dec 31, 2024+16.2%
Accumulated depreciation$32.3M5 Dec 31, 2025$30.3M5 Dec 31, 2024+6.4%
Property and equipment, net$27.8M5 Dec 31, 2025$21.3M5 Dec 31, 2024+30.1%
Operating-lease assets (leased space)$3.6M5 Dec 31, 2025$3.2M5 Dec 31, 2024+13.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$46.1M5 Dec 31, 2025$126.2M5 Dec 31, 2024−63.5%
Loans, net of allowance$2.3B5 Dec 31, 2025$1.9B5 Dec 31, 2024+23.9%
Deposits held (banks)$2.6B5 Dec 31, 2025$2.1B5 Dec 31, 2024+22.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$63.3M5 Dec 31, 2025$52.5M5 Dec 31, 2024+20.6%
Finite-lived intangibles, gross$17.3M5 Dec 31, 2025$6.6M5 Dec 31, 2024+161.0%
Accumulated amortization$5.8M5 Dec 31, 2025$4.6M5 Dec 31, 2024+26.3%
Finite-lived intangibles, net$11.6M5 Dec 31, 2025$2.1M5 Dec 31, 2024+456.4%

Properties, in its own words

A summary of the Corporation’s operating properties is as follows:

Number · Number of · Number of

The rest of Item 2

of · Owned · Leased

Locations · Properties · Properties

Branches · 35 · 29 · 6

Limited Purpose Office-Lending · 1 · 1 · 0

Administrative/Multi-purpose · 4 · 2 · 2

Total · 40 · 32 · 8

Item 2 of the 10-K filed Mar 6, 2026.4

Leadership

Who has led CITIZENS & NORTHERN CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Charles H. Updegraff Jr.2010–2014
  2. Mark A. Hughes2014–2015
  3. J. Bradley Scovill2015–now

President

  1. Craig G. Litchfield2006–2010
  2. Mark A. Hughes2014–2015
  3. J. Bradley Scovill2015–now

Chief financial officer

  1. Anthony J. Peluso2014–2015
  2. Mark A. Hughes2015–now

Chief operating officer

  1. Charles H. Updegraff Jr.2007–2010
2010201520202025
Board members and other officers (42)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Bucktail Life Insurance Company (A) Arizona3
  • C&N Financial Services, LLC (B) Pennsylvania3
  • Citizens & Northern Bank (A) Pennsylvania3
  • Citizens & Northern Investment Corporation (A) Delaware3
  • Northern Tier Holding LLC (B) Pennsylvania3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 22, 20268-K Bylaws or fiscal year changed61
  2. Jul 23, 20268-K Results of operations62
  3. May 11, 20268-K Executive or director change; Other events63
  4. Apr 29, 20268-K Results of operations64
  5. Apr 28, 20268-K Shareholder vote65
  6. Apr 23, 20268-K Other events66
  7. Jan 28, 20268-K Results of operations67
  8. Jan 22, 20268-K Other events68
  9. Dec 11, 20258-K Financial statements and exhibits69
  10. Nov 7, 20258-K Regulation FD disclosure70
  11. Oct 23, 20258-K Results of operations71
  12. Oct 1, 20258-K Completed an acquisition or sale; Executive or director change; Other events72
  13. Mar 2, 2015New chief executive J. Bradley Scovill becomes CEO13
  14. Aug 15, 2014New chief executive Mark A. Hughes becomes CEO14
  15. Mar 4, 2010New chief executive Charles H. Updegraff Jr. becomes CEO15

Calendar

Coming up

  1. Oct 22, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.47 a share, on Oct 23, 2025.73

When it reported results

  1. Jul 23, 2026Reported quarterly or annual results62
  2. Apr 29, 2026Reported quarterly or annual results64
  3. Jan 28, 2026Reported quarterly or annual results67
  4. Oct 23, 2025Reported quarterly or annual results71
  5. Jul 24, 2025Reported quarterly or annual results74
  6. Apr 23, 2025Reported quarterly or annual results75
  7. Jan 23, 2025Reported quarterly or annual results76
  8. Oct 17, 2024Reported quarterly or annual results77

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

856 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 739 insider forms, 7 large holders, 43 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Oct 5, 20264 EDGAR
  3. Sep 22, 20268-K EDGAR
  4. Sep 8, 20264 EDGAR
  5. Sep 8, 20264 EDGAR
  6. Aug 26, 20264 EDGAR
  7. Aug 25, 20264/A EDGAR
  8. Aug 25, 20264 EDGAR
  9. Aug 25, 20264 EDGAR
  10. Aug 25, 20264 EDGAR
  11. Aug 25, 20264 EDGAR
  12. Aug 25, 20264 EDGAR
  13. Aug 25, 20264 EDGAR
  14. Aug 24, 20264 EDGAR
  15. Aug 24, 20264 EDGAR
  16. Aug 24, 20264 EDGAR
  17. Aug 24, 20264 EDGAR
  18. Aug 24, 20264 EDGAR
  19. Aug 24, 20264 EDGAR
  20. Aug 24, 20264 EDGAR

The 856 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

157 open-market trades by officers, directors and large owners since October 2021: 150 buys and 7 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 4, 2026Shattuck Katherine WDirectorBuy8$26.17$209Form 4
Sep 4, 2026Pellegrino Frank GDirectorBuy178$26.17$4.7KForm 4
Aug 7, 2026Shattuck Katherine WDirectorBuy8$25.22$202Form 4
Aug 7, 2026Pellegrino Frank GDirectorBuy208$25.22$5.2KForm 4
Aug 3, 2026Trate Christian CDirectorSale560$25.21$14.1KForm 4
Aug 3, 2026Trate Christian CDirectorSale560$25.21$14.1KForm 4
Jul 31, 2026Dorwart Stephen MDirectorSale2,278$25.37$57.8KForm 4
Jul 8, 2026Shattuck Katherine WDirectorBuy9$23.03$207Form 4
Jul 8, 2026Pellegrino Frank GDirectorBuy198$23.03$4.6KForm 4
Jun 5, 2026Shattuck Katherine WDirectorBuy10$21.44$214Form 4
Jun 5, 2026Pellegrino Frank GDirectorBuy190$21.44$4.1KForm 4
May 28, 2026Trate Christian CDirectorSale229$21.10$4.8KForm 4
May 13, 2026Lehman Terry LDirectorBuy1,000$20.83$20.8KForm 4
May 8, 2026Shattuck Katherine WDirectorBuy10$21.75$218Form 4
May 8, 2026Pellegrino Frank GDirectorBuy237$21.75$5.2KForm 4
Apr 6, 2026Shattuck Katherine WDirectorBuy20$22.55$451Form 4
Apr 6, 2026Pellegrino Frank GDirectorBuy180$22.55$4.1KForm 4
Mar 6, 2026Shattuck Katherine WDirectorBuy21$21.96$461Form 4
Mar 6, 2026Pellegrino Frank GDirectorBuy185$21.96$4.1KForm 4
Feb 10, 2026Shattuck Katherine WDirectorBuy16$23.22$372Form 4

All 157 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 94. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,359,308$31.7M0.0%+171,393
Vanguard Capital Management LLC761,655$17.8M0.0%+36,536
Dimensional Fund Advisors LP637,124$14.9M0.0%+16,837
Geode Capital Management, LLC451,355$10.5M0.0%+30,854
Citizens & Northern Corp349,492$8.1M1.9%−10,361
State Street Corp337,931$7.9M0.0%+2,567
Northern Trust Corp149,961$3.5M0.0%+11,987
Vanguard Portfolio Management LLC145,999$3.4M0.0%+47,131
Bank of New York Mellon Corp122,662$2.9M0.0%+7,947
Vanguard Fiduciary Trust Co120,612$2.8M0.0%+1,373
Pennsylvania Capital Management Inc /adv99,967$2.3M0.6%No change
Citadel Advisors LLC74,107$1.7M0.0%+51,634
PNC Financial Services Group, Inc.72,321$1.7M0.0%+23
Two Sigma Investments, LP64,339$1.5M0.0%+18,787
Morgan Stanley61,022$1.4M0.0%+32,839
Logan Capital Management Inc60,260$1.4M0.1%New
Aqr Capital Management LLC55,160$1.3M0.0%+7,544
IVC Wealth Advisors LLC54,608$1.3M0.5%−1,956
Charles Schwab Investment Management Inc54,317$1.3M0.0%+4,870
Renaissance Technologies LLC52,990$1.2M0.0%−451
Squarepoint Ops LLC52,691$1.2M0.0%−7,784
Hudock, Inc.50,802$1.2M0.2%+7,650
Stone House Investment Management, LLC49,090$1.1M0.2%−7,283
Qube Research & Technologies Ltd48,076$1.1M0.0%New
Cetera Investment Advisers46,302$1.1M0.0%−840

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How CITIZENS & NORTHERN CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCITIZENS & NORTHERN CORP1
  • CIK0000810958
  • Employer ID (EIN)23-24519434
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inPennsylvania4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address90-92 Main St, Wellsboro, PA 169011
  • Phone877-838-25171
  • Shares outstanding17,934,867 as of Aug 3, 202611
  • Public float$280.3M as of Jun 30, 20254
  • AuditorCrowe LLP, Columbus, Ohio PCAOB ID 173; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceMar 20, 19951
  • Filings4,197 in all: 4 (3,456), 8-K (248), 10-Q (95), 4/A (83), 13F-HR (63), DEF 14A (33), 3 (31), 10-K (27)1
    All 43 form types

    5 (25), SC 13G/A (19), UPLOAD (10), EFFECT (9), 8-K/A (8), 425 (7), CORRESP (7), PRE 14A (6), S-4 (6), 10-K405 (5), S-4/A (5), 10-K/A (4), 144 (4), 3/A (4), 424B3 (4), S-8 (4), SC 13D/A (4), N-PX (3), 424B5 (2), ARS (2), D (2), DEFA14A (2), POS AM (2), S-3 (2), S-3/A (2), S-3D (2), SC 13G (2), SCHEDULE 13G/A (2), 10-K405/A (1), 10-Q/A (1), 13F-HR/A (1), FWP (1), PRER14A (1), S-3DPOS (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 6, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Mar 13, 2026
    Latest 8-K (8-K) Sep 22, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock Par Value $1.00CZNCNASDAQ

From the cover page of the 10-K filed Mar 6, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

Legal proceedings

Class Action Litigation

On March 27, 2024, a putative class action lawsuit was filed in the US District Court for the Western District of Texas by investors in a purported Ponzi scheme operated by two individuals, one of whom maintained accounts at C&N Bank. The plaintiffs sued C&N Bank, along with another bank, and additional law firm and accounting firm defendants. The case was styled Goldovsky, et al. v. Rauld, et al. Plaintiffs asserted claims against C&N Bank and the other bank for aiding and abetting alleged violations of the Texas Securities Act, and additional claims against the legal and accounting professionals for statutory fraud, common law fraud, negligent misrepresentation, and knowing participation in breach of fiduciary duty.

C&N Bank filed motions to dismiss the Texas case for wont of personal jurisdiction and failure to state a claim. The Plaintiffs responded to those motions. By order of the District Court judge dated March 27, 2025, C&N Bank’s motion to dismiss for wont of personal jurisdiction was granted.

Plaintiffs filed an application for certification of the Texas suit as a class action. On October 16, 2025, the District Court in Texas issued an order denying the plaintiffs’ motion for class certification.

The opening of Item 3, Legal Proceedings.4

Sources

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