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Citizens & Northern CZNC Bank Owned Life Insurance Income

Bank Owned Life Insurance Income at other companies

Citizens Financial Services, Inc. logo
Citizens Financial Services, Inc.CZFS
$570K+64.7%
West Bancorporation logo
West BancorporationWTBA
$308K+9.2%
Greene County Bancorp logo
Greene County BancorpGCBC
$708K+13.3%
Northwest Bancshares logo
Northwest BancsharesNWBI
$2.04M+53.4%
Old National Bancorp logo
Old National BancorpONB
$7.56M+40.5%
F.N.B. Corporation logo
F.N.B. CorporationFNB
$4M-20.0%

Other financials

Income statement

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Revenue$36.6M+35.8%
Net income$273.0K-95.7%
EPS (diluted)$0.02-95.1%

Balance sheet

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Cash & equivalents$54.8M-52.2%
Total debt$13.6M+2,280%
Total equity$335.6M+19.1%
Total assets$3.2B+21.3%

Cash flow

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Operating cash flow$8.7M+447%
CapEx$188.0K-65.3%
Free cash flow$8.5M+713%

Valuation

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Market cap$402.23M+41.5%
Enterprise value$361.02M+112%
P/E23.1×+12.6×
P/S+0.4×

Profitability

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Net margin13.2%-11.4pp
FCF margin28.3%+3.5pp

Returns & leverage

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Return on equity5.6%-4.3pp
Debt / equity0.0×

Where this comes from

Reported directly by Citizens & Northern in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.

The official record: Citizens & Northern’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Citizens & Northern's bank owned life insurance income?
Citizens & Northern (CZNC) reported bank owned life insurance income of $515K in Q1 2026.
How has Citizens & Northern's bank owned life insurance income changed year-over-year?
Citizens & Northern's bank owned life insurance income increased by 12.7% year-over-year, from $457K to $515K.
What is the long-term trend for Citizens & Northern's bank owned life insurance income?
Over 4 years (2021 to 2025), Citizens & Northern's bank owned life insurance income has grown at a 35.4% compound annual growth rate (CAGR), from $573K to $1.93M.
What does bank owned life insurance income mean?
This represents the income generated from life insurance policies held by the bank on the lives of its key employees or officers. It serves as a tax-advantaged financial instrument used to offset the costs of employee benefit plans and provide long-term non-interest revenue.