Citizens & North | 10-Q: FY2025 Q3 Revenue: USD 40.95 M

Revenue: As of FY2025 Q3, the actual value is USD 40.95 M.

EPS: As of FY2025 Q3, the actual value is USD 0.42, missing the estimate of USD 0.51.

EBIT: As of FY2025 Q3, the actual value is USD -14.25 M.

Segment Revenue

• Interest Income: Total interest income for the third quarter of 2025 was $33,868,000, an increase of $576,000 from the same period in 2024. For the nine months ended September 30, 2025, interest income was $98,462,000, up $3,111,000 from 2024.

Operational Metrics

• Net Interest Income: For the third quarter of 2025, net interest income was $22,263,000, an increase of $2,107,000 from the third quarter of 2024. For the nine months ended September 30, 2025, net interest income was $63,380,000, up $4,738,000 from 2024.
• Net Income: Third quarter 2025 net income was $6,551,000, compared to $6,365,000 in the third quarter of 2024. For the nine months ended September 30, 2025, net income was $18,961,000, compared to $17,784,000 for the same period in 2024.
• Provision for Credit Losses: The provision for credit losses was $2,163,000 for the third quarter of 2025, compared to $1,207,000 in the third quarter of 2024. For the nine months ended September 30, 2025, the provision was $4,753,000, an increase of $2,027,000 from 2024.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities for the nine months ended September 30, 2025, was $21,424,000, compared to $20,960,000 for the same period in 2024.
• Investing Cash Flow: Net cash used in investing activities was - $49,824,000 for the nine months ended September 30, 2025, compared to - $15,016,000 in 2024.
• Financing Cash Flow: Net cash provided by financing activities was $26,316,000 for the nine months ended September 30, 2025, compared to $122,641,000 in 2024.

Unique Metrics

• Net Interest Margin: The net interest margin for the third quarter of 2025 was 3.62%, compared to 3.29% in the third quarter of 2024. For the nine months ended September 30, 2025, the net interest margin was 3.51%, up from 3.30% in 2024.

Future Outlook and Strategy

• Core Business Focus: The Corporation completed its merger with Susquehanna Community Financial, Inc. on October 1, 2025, which is expected to enhance its market presence in Pennsylvania. Management estimates total pre-tax merger-related expenses associated with the Susquehanna transaction will be approximately $7.5 million, with most expenses expected in the fourth quarter of 2025.
• Non-Core Business: The Corporation is focusing on integrating Susquehanna’s operations and expects to incur significant merger-related expenses in the near term.