Citizens & Northern Corporation Financial Ratios — CZNC

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	27	22.47	16.81	14.73	13.71	12.73	10.67	16.83	14.15	13.44	20.08	16.31	14.17	14.63	12.62
Return on Assets (%)	1.77	1.74	1.47	1.38	1.34	1.28	1.07	1.71	1.32	0.99	1.34	1.11	0.97	1.01	0.82
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	3.54	3.07	3.43	3.5	3.3	2.84	2.87	2.7	2.41	2.18	2.08	2.25	2.09	2.05	1.96
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	50.34	47.51	41.09	40.32	38.08	37.74	36.08	40.39	32.2	25.55	36.81	30.53	29.56	29.92	23.7
Profit Margin (%)	36.66	34.65	30.84	30.25	28.76	28.18	23.54	33.85	26.83	21.16	29.84	25.12	23.41	24.37	19.39
Net Income to Common Margin (%)	36.66	34.65	30.84	30.25	28.76	28.18	23.54	33.85	26.83	21.16	29.84	25.12	23.41	24.37	19.39
Effective Tax Rate (%)	27.16	27.07	24.95	24.99	24.47	25.33	34.75	16.18	16.68	17.19	18.93	17.72	20.78	18.55	18.21
Dvd Payout Ratio (%)	26.65	39.91	58.71	66.67	68.27	70.5	82.96	53.36	71.99	75.27	52.29	59.6	64.47	59.83	69.55
Sustainable Growth Rate (%)	19.81	13.5	6.94	4.91	4.35	3.76	1.82	7.85	3.96	3.32	9.58	6.59	5.03	5.88	3.84

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	45	16	32	12	60	32	67	43	143	89	76	179	209	205	188
ST Debt	5	- -	20	- -	49	21	58	7	84	18	- -	116	32	- -	27
LT Debt	40	16	12	12	12	11	9	36	59	71	76	63	178	205	161
Total Debt/EBITDA	20.06	7.85	15.61	6.11	31.96	20.42	40.99	24.47	81.71	45.04	35.56	74.81	97.34	93.99	79.5
Net Debt/EBITDA	-6.76	-21.87	-5.93	-12.15	12.86	0.22	16.44	3.09	61.59	-6.38	-13.71	51.77	70.9	36.19	60.01
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	7.16	8.34	9.2	9.52	9.98	10.1	9.89	10.48	8.49	6.51	6.82	6.84	6.88	6.96	6.05
Long-Term Debt/Equity (%)	24.11	8.65	6.87	6.4	6.28	6.16	4.88	18.2	23.98	23.74	25.13	25.11	67.8	74.53	47.07
Long-Term Debt/Capital (%)	28.82	12.84	8.44	9.26	6.45	7.25	4.75	20.15	20.69	30.29	32.32	18.07	46.51	53.02	42.62
Long-Term Debt/Total Assets (%)	3.05	1.23	1	0.97	0.96	0.92	0.72	2.78	3.54	3.18	3.25	2.55	7.07	7.86	5.14
Total Debt/Equity (%)	27.07	8.65	18.02	6.4	32.19	17.45	35.65	21.74	58.47	29.77	25.13	71.68	79.8	74.53	54.97
Total Debt/Capital (%)	32.35	12.84	22.13	9.26	33.08	20.55	34.73	24.08	50.44	37.98	32.32	51.58	54.75	53.02	49.78
Total Debt/Total Assets (%)	3.42	1.23	2.61	0.97	4.93	2.61	5.26	3.32	8.64	3.98	3.25	7.28	8.32	7.86	6
Net Debt to Equity	-9.12	-24.08	-6.84	-12.73	12.95	0.19	14.3	2.75	44.06	-4.21	-9.69	49.6	58.12	28.7	41.5
Net Debt/Capital (%)	-19.2	-69.5	-12.1	-25.46	16.59	0.27	17.59	3.86	43.41	-9.49	-22.55	42.43	46.84	30.29	42.8
EBITDA	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
EBITDA-CapEx	1	- -	1	1	1	- -	- -	1	-1	-1	- -	-1	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	7.16	8.34	9.2	9.52	9.98	10.1	9.89	10.48	8.49	6.51	6.82	6.84	6.88	6.96	6.05
Long-Term Debt/Equity (%)	24.11	8.65	6.87	6.4	6.28	6.16	4.88	18.2	23.98	23.74	25.13	25.11	67.8	74.53	47.07
Long-Term Debt/Capital (%)	28.82	12.84	8.44	9.26	6.45	7.25	4.75	20.15	20.69	30.29	32.32	18.07	46.51	53.02	42.62
Long-Term Debt/Total Assets (%)	3.05	1.23	1	0.97	0.96	0.92	0.72	2.78	3.54	3.18	3.25	2.55	7.07	7.86	5.14
Total Debt/Equity (%)	27.07	8.65	18.02	6.4	32.19	17.45	35.65	21.74	58.47	29.77	25.13	71.68	79.8	74.53	54.97
Total Debt/Capital (%)	32.35	12.84	22.13	9.26	33.08	20.55	34.73	24.08	50.44	37.98	32.32	51.58	54.75	53.02	49.78
Total Debt/Total Assets (%)	3.42	1.23	2.61	0.97	4.93	2.61	5.26	3.32	8.64	3.98	3.25	7.28	8.32	7.86	6
CFO/Total Liabilities	3.24	2.5	2.89	2.11	1.9	1.75	1.78	2.37	1.59	1.28	1.72	1.57	1.49	1.41	1.15
CFO/CapEx	37.54	17.05	38.17	27.82	18.95	11.72	11.42	22.19	7.83	7.9	18.69	10.52	14.81	17.33	16.8
Altman's Z-Score	0.25	0.28	0.31	0.31	0.32	0.35	0.33	0.36	0.31	0.22	0.25	0.23	0.22	0.21	0.19

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	13.06	14.44	14.31	14.03	14.92	14.47	14.25	16.22	16.21	13.67	13.19	13.34	11.59	11.92	11.89
Days Sales Outstanding	27.94	25.28	25.51	26.02	24.46	25.22	25.62	22.5	22.52	26.71	27.68	27.36	31.49	30.63	30.7
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	225	231	255	256	256	317	291	323	376	292	412	353	342	284	322
- Cash & Cash Equivalents	61	60	45	36	36	32	40	37	35	102	105	55	57	126	46
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	45	16	32	12	60	32	67	43	143	89	76	179	209	205	188
Enterprise Value	-272	-286	-240	-285	-140	-78	-38	-35	137	-69	-135	-21	79	151	172
Total Capital	140	123	146	130	182	158	193	178	283	235	234	346	382	387	377
Total Debt/Capital (%)	32.35	12.84	22.13	9.26	33.08	20.55	34.73	24.08	50.44	37.98	32.32	51.58	54.75	53.02	49.78
Total Debt / EV	-0.17	-0.06	-0.13	-0.04	-0.43	-0.42	-1.76	-1.24	1.05	-1.28	-0.56	-8.49	2.66	1.35	1.09
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	1.88	- -	- -	- -	0.76	1.42	1.42
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	78.15	- -	- -	- -	36.55	69.38	72.87
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	6.09	- -	- -	- -	2.34	4.58	5.38
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	5.4	- -	- -	- -	2.2	4.33	5.08
Diluted Market Cap	225	232	255	257	257	318	292	324	376	293	412	353	342	284	322
Diluted Enterprise Value	210	188	243	233	281	318	319	329	484	280	383	477	494	363	464
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	10.28	- -	- -	- -	5.16	9.92	10.8
TTM Sales	64	66	60	56	57	56	57	65	73	91	102	106	103	107	121
TTM EBITDA	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	37	28	31	22	20	19	19	26	22	25	35	35	34	33	32
TTM Free Cash Flow to Firm	38	29	31	23	21	20	21	27	25	28	37	38	36	35	34

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	5.84	7.92	8.14	11.12	12.4	15.82	13.84	11.97	14.86	10.48	11.22	9.33	9.55	8.12	9.49
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-272	-286	-240	-285	-140	-78	-38	-35	137	-69	-135	-21	79	151	172
Low Price	13.1	16.79	18.51	17.94	19.01	19.26	22	22	22.52	14.92	18.98	22.67	16.71	16.5	17.85
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	1.88	- -	- -	- -	0.76	1.42	1.42
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	78.15	- -	- -	- -	36.55	69.38	72.87
Price/Earnings	9.62	10.16	13.7	14.99	15.57	20.11	21.65	14.68	19.26	15.22	13.48	13.27	14.16	10.94	13.73
Price/Earnings Average	8.27	10.3	13.19	14.07	14.86	16.3	21.5	14.16	17.72	15.16	12.55	14.21	12.79	11.13	13.44
Price/Earnings High	9.98	12.09	14.25	15.58	15.94	20.39	24.13	16.11	19.94	22.29	14.44	15.97	15.09	13.48	15.44
Price/Earnings Low	6.82	9.03	12.3	13.01	14.09	14.78	19.84	12.22	15.36	11.44	9.79	13.16	10.55	9.7	12.15
Price/Book Value	2.37	2.15	2.24	2.17	2.1	2.53	2.3	2.39	2.68	2.01	2.6	2.11	1.98	1.56	1.7
Price/Book Value Average	2.04	2.18	2.16	2.03	2	2.05	2.29	2.3	2.46	2	2.42	2.25	1.79	1.59	1.66
Price/Book Value High	2.46	2.56	2.33	2.25	2.15	2.56	2.57	2.62	2.77	2.94	2.78	2.53	2.1	1.92	1.91
Price/Book Value Low	1.68	1.91	2.01	1.88	1.9	1.86	2.11	1.99	2.13	1.51	1.89	2.09	1.47	1.39	1.5
Price/Tangible Book Value	1.45	1.35	1.52	1.45	1.46	1.82	1.65	1.74	1.75	1.2	1.68	1.82	1.65	1.29	1.21
Price/Tangible Book Value Average	1.24	1.37	1.46	1.36	1.39	1.48	1.64	1.68	1.61	1.2	1.56	1.95	1.49	1.31	1.18
Price/Tangible Book Value High	1.5	1.61	1.58	1.51	1.5	1.85	1.84	1.91	1.81	1.76	1.8	2.19	1.76	1.59	1.36
Price/Tangible Book Value Low	1.03	1.2	1.37	1.26	1.32	1.34	1.51	1.45	1.39	0.9	1.22	1.81	1.23	1.14	1.07
Price/Sales	3.53	3.52	4.23	4.53	4.48	5.67	5.09	4.97	5.17	3.22	4.02	3.33	3.31	2.67	2.66
Price/Sales Average	3.03	3.57	4.07	4.26	4.27	4.59	5.06	4.79	4.75	3.21	3.74	3.57	3	2.71	2.6
Price/Sales High	3.66	4.19	4.39	4.71	4.58	5.75	5.68	5.45	5.35	4.72	4.31	4.01	3.53	3.29	2.99
Price/Sales Low	2.5	3.13	3.79	3.94	4.05	4.17	4.67	4.14	4.12	2.42	2.92	3.31	2.47	2.36	2.36
Price/Cash Flow	6	8.34	8.34	11.49	13.03	17.12	15.01	12.48	16.73	11.8	11.82	10.21	10.19	8.59	10.05
Price/Cash Flow Average	5.16	8.46	8.02	10.79	12.43	13.88	14.91	12.04	15.39	11.76	11	10.93	9.21	8.75	9.84
Price/Cash Flow High	6.22	9.92	8.67	11.95	13.34	17.37	16.73	13.69	17.32	17.28	12.66	12.28	10.86	10.59	11.3
Price/Cash Flow Low	4.26	7.41	7.48	9.98	11.79	12.59	13.76	10.39	13.33	8.87	8.59	10.13	7.59	7.62	8.9
Price/Free Cash Flow Average	5.02	8.03	7.84	10.44	11.83	12.82	13.75	11.54	13.67	10.44	10.45	9.98	8.63	8.27	9.28
Price/Free Cash Flow High	6.06	9.42	8.47	11.56	12.69	16.04	15.43	13.13	15.38	15.35	12.03	11.22	10.17	10.02	10.67
Price/Free Cash Flow Low	4.15	7.04	7.31	9.65	11.22	11.63	12.69	9.97	11.84	7.88	8.15	9.25	7.11	7.21	8.4
EV/Sales Average	2.79	2.9	3.86	3.83	4.7	4.6	5.53	4.88	6.24	3.07	3.46	4.74	4.47	3.45	3.78
EV/Sales High	3.42	3.52	4.19	4.29	5.01	5.75	6.15	5.54	6.83	4.58	4.02	5.18	5.01	4.03	4.17
EV/Sales Low	2.26	2.46	3.59	3.51	4.48	4.17	5.14	4.22	5.6	2.28	2.64	4.47	3.95	3.11	3.53
EV/EBITDA Average	78.76	94.35	112.52	109.6	142.47	161.87	192.63	180.77	259.17	140.76	166.26	210.05	214.54	168.54	193.21
EV/EBITDA High	96.47	114.45	122.01	122.67	151.93	202.51	214.18	205.23	283.99	209.87	193.47	229.68	240.25	196.51	213.09
EV/EBITDA Low	63.82	79.95	104.47	100.4	135.82	146.86	179.07	156.49	232.82	104.65	126.78	198.43	189.31	151.55	180.49
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	18.47	18.9	20.63	20.67	21	26.2	24	26.43	28.25	19.84	26.12	22.86	22.43	18.6	20.17
High Price	19.16	22.48	21.45	21.49	21.5	26.57	26.75	28.99	29.25	29.06	27.99	27.5	23.9	22.93	22.68
Enterprise Value Average	178	190	233	216	269	257	316	317	453	279	354	502	461	368	457
Enterprise Value High	218	230	253	242	287	322	351	360	497	416	412	549	517	429	504
Enterprise Value Low	144	161	216	198	256	233	293	274	407	207	270	474	407	331	427

Shares Outstanding	12	12	12	12	12	12	12	12	14	16	16	16	15	15	18
Diluted Weighted Avg Shares	12	12	12	12	12	12	12	12	13	15	16	15	15	15	16
Basic Weighted Avg Shares	12	12	12	12	12	12	12	12	13	15	16	15	15	15	16
Revenue per Share	5.24	5.37	4.88	4.56	4.69	4.62	4.71	5.32	5.47	6.16	6.49	6.86	6.77	6.98	7.58
EBITDA per Share	0.19	0.16	0.17	0.16	0.15	0.13	0.14	0.14	0.13	0.13	0.14	0.15	0.14	0.14	0.15
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.92	1.86	1.51	1.38	1.35	1.3	1.11	1.8	1.47	1.3	1.94	1.72	1.58	1.7	1.47
Basic EPS from Cont Ops	1.92	1.86	1.51	1.38	1.35	1.3	1.11	1.8	1.47	1.3	1.94	1.72	1.58	1.7	1.47
Diluted EPS, GAAP	1.92	1.85	1.5	1.38	1.35	1.3	1.11	1.8	1.46	1.3	1.94	1.72	1.58	1.7	1.47
Diluted EPS from Cont Ops	1.92	1.85	1.5	1.38	1.35	1.3	1.11	1.8	1.46	1.3	1.94	1.72	1.58	1.7	1.47
Dividend per Share	0.51	0.74	0.88	0.92	0.92	0.92	0.92	0.96	1.06	0.98	1.01	1.03	1.02	1.02	1.02
Cash Flow per Share	3.08	2.27	2.47	1.8	1.61	1.53	1.6	2.12	1.69	1.68	2.21	2.24	2.2	2.16	2.01
Free Cash Flow per Basic Share	3	2.13	2.41	1.73	1.53	1.4	1.46	2.02	1.47	1.47	2.09	2.03	2.05	2.04	1.89
Cash & Equivalents per Share	44.55	43.62	42.69	44.62	37.37	35.31	32.7	32.77	28.72	30.61	39.49	35.79	31.01	22.12	21.15
Book Value per Share	7.79	8.8	9.21	9.54	10	10.37	10.42	11.06	10.56	9.88	10.06	10.86	11.35	11.91	11.88
Tangible Book Value per Share	12.75	13.98	13.56	14.23	14.37	14.39	14.57	15.16	16.15	16.51	15.58	12.55	13.61	14.46	16.73

Citizens & Northern Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)