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Citizens & Northern cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$18.0M in Q3 2026 · $51.9M over twelve months

Operating cash flow$19.1M
Capital spending−$1.1M
Free cash flow+$18.0M
Cash / net income1.2×

Analysis

In Q3 2026, Citizens & Northern generated $19.1M of operating cash flow and spent $1.1M on capital projects, leaving free cash flow of $18.0M. That is $7.1M more than in Q3 2025 ($10.9M).

Over the twelve months to Sep 30, 2026, operating cash flow was $53.8M; the largest uses were other financing ($73.5M), net borrowing (+) / repaid (−) ($41.7M), dividends ($18.3M); besides operations, cash came from other investing ($59.8M); the cash balance fell by $21.8M.

Operating cash flow was $19.1M against net income of $16.3M — 1.2× profit, cash ran ahead of reported earnings. The largest differences: other liabilities +$2.6M, depreciation & amortization +$682K, prepaid and other assets +$681K.

Free cash flow

Citizens & Northern: free cash flow by quarterCitizens & Northern: free cash flow by quarter$11.7MQ4 2024$1.0MQ1 2025$8.0MQ2 2025$10.9MQ3 2025$10.1MQ4 2025$8.5MQ1 2026$15.3MQ2 2026$18.0MQ3 2026
Operating cash flow less capital spending.
Citizens & Northern: operating cash flow against capital spendingCitizens & Northern: operating cash flow against capital spendingOperating cash flowCapital spending$12.1M$352KQ4 2024$1.6M$542KQ1 2025$8.5M$485KQ2 2025$11.3M$426KQ3 2025$10.6M$452KQ4 2025$8.7M$188KQ1 2026$15.4M$150KQ2 2026$19.1M$1.1MQ3 2026
Latest (Q3 2026): Operating cash flow $19.1M, Capital spending $1.1M.

Capital allocation, year by year

Citizens & Northern: where the cash came from (up) and went (down), by fiscal yearCitizens & Northern: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingDividendsFY2021: Operating cash flow $34.8MFY2021: Net borrowing −$29.6MFY2021: Shares issued $212KFY2021: Asset sales $627KFY2021: Capital spending −$1.9MFY2021: Dividends −$16.0M$35.7MFY2021FY2022: Operating cash flow $34.6MFY2022: Net borrowing $113MFY2022: Shares issued $160KFY2022: Capital spending −$3.3MFY2022: Dividends −$15.9M$148MFY2022FY2023: Operating cash flow $33.5MFY2023: Net borrowing $29.9MFY2023: Capital spending −$2.3MFY2023: Dividends −$15.6M$63.4MFY2023FY2024: Operating cash flow $33.0MFY2024: Net borrowing −$4.2MFY2024: Capital spending −$1.9MFY2024: Dividends −$15.5M$33.0MFY2024FY2025: Operating cash flow $32.0MFY2025: Net borrowing −$64.2MFY2025: Capital spending −$1.9MFY2025: Dividends −$16.3M$32.0MFY2025
Over these 5 years operating cash flow totalled $168M; the largest uses were net borrowing ($98.0M) and dividends ($79.2M). Cash-flow statements as filed.

Where the cash came from and went

Citizens & Northern: sources (+) and uses (−) of cash, Q3 2026Citizens & Northern: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$19.1MCash drawn (+) / kept (−)−$18.2MNet borrowing (+) / repaid (−)−$6.6MOther investing$6.5MOther financing$4.8MDividends−$4.6MCapital spending−$1.1M
Citizens & Northern: sources (+) and uses (−) of cash, TTM to Q3 2026Citizens & Northern: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing−$73.5MOther investing$59.8MOperating cash flow$53.8MNet borrowing (+) / repaid (−)−$41.7MCash drawn (+) / kept (−)$21.8MDividends−$18.3MCapital spending−$1.9M

From profit to cash

Citizens & Northern: net income to operating cash flow, Q3 2026Citizens & Northern: net income to operating cash flow, Q3 2026Net income$16.3MDepreciation & amortization$682KDeferred taxes$608KGains on investments−$2KPrepaid and other assets$681KOther liabilities$2.6MOperating cash flow$19.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$19.1M−$1.1M−$4.6M−$6.6M−$18.2M$18.0M
Q2 2026$15.4M−$150K−$4.6M−$8.0M−$28.0M$15.3M
Q1 2026$8.7M−$188K−$4.6M$3.5M−$8.7M$8.5M
Q4 2025$10.6M−$452K−$4.5M−$30.6M$76.8M$10.1M
Q3 2025$11.3M−$426K−$3.9M−$10.0M−$24.2M$10.9M
Q2 2025$8.5M−$485K−$3.9M−$10.6M$14.9M$8.0M
Q1 2025$1.6M−$542K−$3.9M−$12.9M$11.4M$1.0M
Q4 2024$12.1M−$352K−$3.9M−$18.1M$57.8M$11.7M

Citizens & Northern: income statement and cash flow

Citizens & Northern, Q3 2026: revenue $39.6M (+34% year over year), operating margin 51.6%. The chart follows the revenue to costs, profit and cash.

Citizens & Northern: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.