Citizens & Northern Corp reports results for the quarter ended March 31 - Earnings Summary

• Citizens & Northern Corp CZNC.OQ reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 35 cents. The mean expectation of two analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 42 cents to 46 cents per share.

• Revenue fell 11.1% to $26.98 million from a year ago; analysts expected $27.70 million.

• Citizens & Northern Corp's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $6.24 million.

• Citizens & Northern Corp shares had fallen by 3.4% this quarter and gained 4.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "hold"

• Wall Street's median 12-month price target for Citizens & Northern Corp is $22.00

This summary was machine generated from LSEG data April 24 at 05:22 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)