Demonstrações financeiras detalhadas de Citizens & Northern Corporation (CZNC): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Citizens & Northern Corporation registou receitas de $154.2M no último exercício, com um CAGR de 5 anos de 9.0%. O lucro líquido atingiu $23.4M, com CAGR de 5 anos de 4.0%.
Margens dos últimos 12 meses: margem bruta 51.8%, margem operacional 8.2%, margem líquida 15.4%. O fluxo de caixa livre cresceu a CAGR de 6.8% em 5 anos.
Ao preço atual de $25.96, CZNC negocia a um P/L de 17.70 e um ROE de 7.70%. A capitalização de mercado é de $465M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $59.6M | $61.0M | $69.7M | $83.0M | $100.4M | $108.9M | $115.5M | $136.2M | $155.5M | $154.2M |
| Custo da Receita | $4.9M | $4.7M | $5.2M | $11.1M | $13.5M | $10.2M | $16.8M | $33.3M | $51.2M | $53.4M |
| Lucro Bruto | $54.7M | $56.3M | $64.4M | $71.8M | $86.9M | $98.7M | $98.7M | $102.9M | $104.3M | $100.8M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $21.6M | $22.4M | $23.9M | $27.9M | $33.1M | $37.6M | $41.8M | $44.2M | $44.9M | $53.2M |
| Despesas Operacionais | $33.6M | $35.7M | $38.2M | $48.4M | $63.7M | $61.0M | $66.4M | $72.5M | $72.4M | $72.1M |
| Lucro Operacional | $21.1M | $20.6M | $26.3M | $23.4M | $23.2M | $37.7M | $32.4M | $30.5M | $31.9M | $28.6M |
| EBITDA | $22.7M | $22.2M | $28.0M | $25.2M | $25.2M | $39.8M | $34.7M | $32.6M | $34.1M | $31.0M |
| Despesas com Juros | $3.7M | $3.9M | $4.6M | $10.3M | $9.6M | $6.6M | $9.5M | $33.1M | $49.0M | $47.4M |
| Lucro Antes de Impostos | $21.1M | $20.6M | $26.3M | $23.4M | $23.2M | $37.7M | $32.4M | $30.5M | $31.9M | $28.6M |
| Imposto | $5.3M | $7.2M | $4.2M | $3.9M | $4.0M | $7.1M | $5.7M | $6.3M | $5.9M | $5.2M |
| Lucro Líquido | $15.8M | $13.4M | $22.0M | $19.5M | $19.2M | $30.6M | $26.6M | $24.1M | $26.0M | $23.4M |
| LPA | $1.30 | $1.10 | $1.80 | $1.46 | $1.30 | $1.92 | $1.71 | $1.57 | $1.69 | $1.46 |
| LPA Diluído | $1.30 | $1.10 | $1.80 | $1.46 | $1.29 | $1.92 | $1.71 | $1.57 | $1.69 | $1.46 |
| Ações em Circulação (Diluídas) | $12.1M | $12.1M | $12.3M | $13.3M | $14.7M | $15.8M | $15.5M | $15.2M | $15.3M | $15.9M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $40.4M | $36.0M | $48.8M | $39.1M |
| Lucro Bruto | $26.9M | $21.8M | $23.0M | $13.4M |
| Lucro Operacional | $8.0M | $5.4M | $335000 | -$335000 |
| EBITDA | $8.6M | $6.1M | $1.0M | -$1.0M |
| Lucro Líquido | $6.6M | $4.5M | $273000 | $14.1M |
| LPA | $0.42 | $0.25 | $0.02 | $0.79 |
| LPA Diluído | $0.42 | $0.25 | $0.02 | $0.79 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $32.1M | $40.2M | $37.5M | $35.2M | $101.9M | $104.9M | $55.0M | $56.9M | $126.2M | $46.1M |
| Investimentos de Curto Prazo | $395.1M | $355.9M | $363.3M | $346.7M | $349.3M | $517.7M | $498.0M | $415.8M | $222.4M | $291.3M |
| Contas a Receber | $4.0M | $4.0M | $4.0M | $5.0M | $8.3M | $7.2M | $8.7M | $9.1M | $8.7M | $11.6M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $431.1M | $400.2M | $404.7M | $386.9M | $459.5M | $629.9M | $561.7M | $481.8M | $357.3M | $46.2M |
| Imobilizado | $15.4M | $15.4M | $14.6M | $17.2M | $21.5M | $20.7M | $21.6M | $21.6M | $21.3M | $27.8M |
| Ágio | $11.9M | $11.9M | $11.9M | $28.4M | $52.5M | $52.5M | $52.5M | $52.5M | $52.5M | $63.3M |
| Ativos Intangíveis | $17000 | $12000 | $9000 | $1.2M | $3.9M | $3.3M | $2.9M | $2.5M | $2.1M | $11.6M |
| Ativos Totais | $1.24B | $1.28B | $1.29B | $1.65B | $2.24B | $2.33B | $2.45B | $2.52B | $2.61B | $3.13B |
| Contas a Pagar | $7.8M | $9.1M | $11.0M | $12.2M | $27.7M | $23.6M | $25.6M | 0 | 0 | 0 |
| Dívida de Curto Prazo | $53.2M | $61.8M | $12.9M | $86.2M | $20.0M | $1.8M | $119.2M | $33.9M | $2.5M | $41.7M |
| Passivos Circulantes | $1.04B | $1.08B | $1.06B | $1.35B | $1.87B | $1.95B | $2.14B | $2.05B | $2.10B | $41.7M |
| Dívida de Longo Prazo | $11.5M | $9.2M | $35.9M | $58.6M | $71.2M | $75.8M | $62.6M | $177.9M | $205.2M | $148.5M |
| Passivos Totais | $1.06B | $1.09B | $1.09B | $1.41B | $1.94B | $2.03B | $2.20B | $2.25B | $2.34B | $2.79B |
| Reservas | $112.8M | $113.6M | $122.6M | $126.5M | $129.7M | $142.6M | $151.7M | $157.0M | $165.8M | $171.2M |
| Patrimônio Líquido | $186.0M | $188.4M | $197.4M | $244.5M | $299.8M | $301.4M | $249.3M | $262.4M | $275.3M | $341.7M |
| Dívida Total | $64.6M | $71.0M | $48.8M | $144.8M | $91.2M | $77.6M | $181.8M | $211.8M | $207.7M | $193.1M |
| Dívida Líquida | -$362.6M | -$325.2M | -$352.0M | -$237.1M | -$360.0M | -$545.1M | -$371.3M | -$260.9M | -$140.9M | -$144.3M |
| Capital de Giro | -$613.7M | -$679.1M | -$652.9M | -$964.1M | -$1.41B | -$1.32B | -$1.58B | -$1.57B | -$1.74B | $4.6M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $123.1M | $46.1M | $53.4M | $82.5M |
| Ativos Totais | $2.66B | $3.13B | $3.16B | $3.15B |
| Passivos Totais | $2.37B | $2.79B | $2.83B | $2.81B |
| Patrimônio Líquido | $294.0M | $341.3M | $335.6M | $346.1M |
| Dívida Total | $174.3M | $193.1M | $193.0M | $170.0M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $15.8M | $13.4M | $22.0M | $19.5M | $19.2M | $30.6M | $26.6M | $24.1M | $26.0M | $23.4M |
| Depreciação e Amortização | $1.6M | $1.6M | $1.8M | $1.7M | $2.0M | $2.1M | $2.4M | $2.2M | $2.2M | $2.4M |
| Compensação em Ações | $582000 | $628000 | $855000 | $798000 | $1.1M | $1.2M | $1.3M | $1.5M | $1.5M | $1.3M |
| Variação Capital de Giro | -$726000 | $506000 | $1.2M | -$951000 | -$111000 | -$109000 | -$4.7M | $58000 | $3.1M | -$5.7M |
| Fluxo de Caixa Operacional | $18.5M | $19.4M | $25.9M | $22.5M | $24.8M | $34.8M | $34.6M | $33.5M | $33.0M | $32.0M |
| CapEx | -$1.6M | -$1.7M | -$1.2M | -$2.9M | -$3.1M | -$1.9M | -$3.3M | -$2.3M | -$1.9M | -$1.9M |
| Aquisições | 0 | 0 | 0 | -$1.8M | $76.0M | 0 | 0 | 0 | 0 | $5.8M |
| Recompra de Ações | -$3.7M | 0 | 0 | -$189000 | -$163000 | -$7.6M | -$9.3M | -$6.8M | -$629000 | -$218000 |
| Dividendos Pagos | -$11.1M | -$11.1M | -$11.7M | -$14.0M | -$14.5M | -$16.0M | -$15.9M | -$15.6M | -$15.5M | -$16.3M |
| Fluxo de Caixa Livre | $16.9M | $17.7M | $24.7M | $19.6M | $21.6M | $33.0M | $31.3M | $31.3M | $31.1M | $30.1M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $11.3M | $10.6M | $8.7M | $15.4M |
| CapEx | -$426000 | -$452000 | -$188000 | $188000 |
| Fluxo de Caixa Livre | $10.9M | $10.1M | $8.5M | $15.6M |
| Dividendos Pagos | -$3.9M | -$4.5M | -$4.6M | -$4.6M |
| Compensação em Ações | $337000 | $294000 | $313000 | $337000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +2.3% | +14.2% | +19.1% | +21.1% | +8.5% | +6.0% | +18.0% | +14.1% | -0.8% |
| Crescimento Lucro Líquido (anual) | | -14.8% | +63.9% | -11.4% | -1.4% | +59.0% | -12.9% | -9.3% | +7.5% | -9.8% |
| Crescimento LPA (anual) | | -15.4% | +63.6% | -18.9% | -11.0% | +47.7% | -10.9% | -8.2% | +7.6% | -13.6% |
| Variação de Ações (anual) | | +0.7% | +0.9% | +8.7% | +10.7% | +7.0% | -2.0% | -1.4% | +0.1% | +4.5% |
| Crescimento FCF (anual) | | +4.4% | +39.9% | -20.8% | +10.5% | +52.4% | -5.1% | -0.1% | -0.5% | -3.3% |
| Margem Bruta | 91.8% | 92.3% | 92.5% | 86.6% | 86.6% | 90.6% | 85.5% | 75.6% | 67.1% | 65.3% |
| Margem Operacional | 35.4% | 33.8% | 37.7% | 28.2% | 23.1% | 34.6% | 28.0% | 22.4% | 20.5% | 18.6% |
| Margem EBITDA | 38.1% | 36.4% | 40.2% | 30.3% | 25.1% | 36.5% | 30.1% | 24.0% | 21.9% | 20.1% |
| Margem Líquida | 26.4% | 22.0% | 31.6% | 23.5% | 19.1% | 28.0% | 23.1% | 17.7% | 16.7% | 15.2% |
| Margem FCF | 28.4% | 29.0% | 35.5% | 23.6% | 21.6% | 30.3% | 27.1% | 23.0% | 20.0% | 19.5% |
| Taxa Efetiva de Imposto | 25.3% | 34.8% | 16.2% | 16.7% | 17.2% | 18.9% | 17.7% | 20.8% | 18.6% | 18.2% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $1.40 | $1.46 | $2.02 | $1.47 | $1.47 | $2.09 | $2.03 | $2.05 | $2.04 | $1.89 |
| Dividendo por Ação | $0.92 | $0.92 | $0.96 | $1.05 | $0.98 | $1.01 | $1.03 | $1.02 | $1.02 | $1.02 |
| Ações em Circulação (Básicas) | $12.0M | $12.1M | $12.2M | $13.3M | $14.7M | $15.8M | $15.5M | $15.2M | $15.3M | $15.9M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 7.70% |
| Retorno sobre capital investido | 0.35% |
| Retorno sobre ativos | 0.80% |
| Margem bruta | 51.76% |
| Margem operacional | 8.16% |
| Margem líquida | 15.42% |
Saúde financeira
| Dívida / Patrimônio | 0.49 |
| Liquidez corrente | 40.31 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 0.23 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 20.15 | 21.82 | 14.68 | 19.35 | 15.26 | 13.60 | 13.37 | 14.29 | 11.01 | 13.82 |
| P/VP | 1.69 | 1.54 | 1.64 | 1.54 | 0.98 | 1.37 | 1.42 | 1.30 | 1.03 | 0.94 |
| P/V | 5.29 | 4.77 | 4.64 | 4.53 | 2.91 | 3.78 | 3.06 | 2.51 | 1.83 | 2.09 |
| Margem Bruta | 91.8% | 92.3% | 92.5% | 86.6% | 86.6% | 90.6% | 85.5% | 75.6% | 67.1% | 65.3% |
| Margem Operacional | 35.4% | 33.8% | 37.7% | 28.2% | 23.1% | 34.6% | 28.0% | 22.4% | 20.5% | 18.6% |
| Margem Líquida | 26.4% | 22.0% | 31.6% | 23.5% | 19.1% | 28.0% | 23.1% | 17.7% | 16.7% | 15.2% |