What is Citizens Holding's earnings per share (EPS)?

Citizens Holding (CIZN) reported diluted earnings per share of $0.33 for fiscal year 2023. This represents a -80.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Citizens Holding Financials

CIZN

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2023 Currency USD FYE December

This page shows Citizens Holding (CIZN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 59/100

Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Citizens Holding's revenue surged 24.1% year-over-year to $49.3M, reflecting rapid business expansion. This strong growth earns a score of 74/100.

Leverage

Citizens Holding carries a low D/E ratio of 0.42, meaning only $0.42 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Citizens Holding has a free cash flow margin of 9.8%, earning a moderate score of 49/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Citizens Holding generates a 4.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 21/100. This is down from 24.6% the prior year.

Piotroski F-Score Neutral

5/9

Citizens Holding passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.98x

For every $1 of reported earnings, Citizens Holding generates $2.98 in operating cash flow ($5.5M OCF vs $1.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$49.3M

YoY+24.1%

5Y CAGR+9.5%

10Y CAGR+4.4%

Citizens Holding generated $49.3M in revenue in fiscal year 2023. This represents an increase of 24.1% from the prior year.

EBITDA

N/A

Net Income

$1.9M

YoY-80.7%

5Y CAGR-22.6%

10Y CAGR-12.6%

Citizens Holding reported $1.9M in net income in fiscal year 2023. This represents a decrease of 80.7% from the prior year.

EPS (Diluted)

$0.33

YoY-80.8%

5Y CAGR-24.7%

10Y CAGR-13.9%

Citizens Holding earned $0.33 per diluted share (EPS) in fiscal year 2023. This represents a decrease of 80.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$4.8M

YoY-56.8%

5Y CAGR-16.5%

10Y CAGR-7.8%

Citizens Holding generated $4.8M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 56.8% from the prior year.

Cash & Debt

$94.5M

YoY+230.4%

5Y CAGR+35.5%

10Y CAGR+19.4%

Citizens Holding held $94.5M in cash against $18.0M in long-term debt as of fiscal year 2023.

Dividends Per Share

$0.72

YoY-25.0%

5Y CAGR-5.6%

10Y CAGR-2.0%

Citizens Holding paid $0.72 per share in dividends in fiscal year 2023. This represents a decrease of 25.0% from the prior year.

Shares Outstanding

YoY+0.2%

5Y CAGR+2.7%

10Y CAGR+1.4%

Citizens Holding had 6M shares outstanding in fiscal year 2023. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

3.8%

YoY-20.5pp

5Y CAGR-17.5pp

10Y CAGR-18.5pp

Citizens Holding's net profit margin was 3.8% in fiscal year 2023, showing the share of revenue converted to profit. This is down 20.5 percentage points from the prior year.

Return on Equity

4.3%

YoY-20.3pp

5Y CAGR-3.6pp

10Y CAGR-6.5pp

Citizens Holding's ROE was 4.3% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 20.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$718K

YoY-72.8%

5Y CAGR+15.7%

10Y CAGR+7.8%

Citizens Holding invested $718K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 72.8% from the prior year.

CIZN Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	$49.3M+24.1%	$39.7M+3.1%	$38.5M-5.1%	$40.6M+14.7%	$35.4M+12.8%	$31.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$19.4M+305.0%	$4.8M-4.4%	$5.0M-32.5%	$7.4M-23.6%	$9.7M+118.0%	$4.5M
Income Tax	-$74K-103.9%	$1.9M+31.4%	$1.4M-18.3%	$1.8M+29.4%	$1.4M+63.5%	$828K
Net Income	$1.9M-80.7%	$9.6M+28.4%	$7.5M+8.1%	$6.9M+17.4%	$5.9M-11.6%	$6.7M
EPS (Diluted)	$0.33-80.8%	$1.72+28.4%	$1.34+8.1%	$1.24+6.0%	$1.17-14.0%	$1.36

Metric	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22
Revenue	$14.3M+11.4%	$12.8M+14.9%	$11.2M+1.1%	$11.0M+0.6%	$11.0M+8.3%	$10.1M+5.9%	$9.6M+5.6%	$9.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$6.9M+28.5%	$5.4M+43.9%	$3.7M+11.6%	$3.4M+55.7%	$2.2M+100.8%	$1.1M+34.6%	$797K+3.9%	$767K
Income Tax	-$397K-260.1%	$248K+413.9%	-$79K-151.3%	$154K-71.0%	$531K+14.7%	$463K-6.8%	$497K+27.4%	$390K
Net Income	-$793K-165.7%	$1.2M+302.3%	$300K-73.7%	$1.1M-53.7%	$2.5M-4.5%	$2.6M+1.5%	$2.5M+24.8%	$2.0M
EPS (Diluted)	N/A	$0.22+340.0%	$0.05-75.0%	$0.20	N/A	$0.46+2.2%	$0.45+25.0%	$0.36

CIZN Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$1.4B+6.1%	$1.3B-2.8%	$1.4B-6.2%	$1.5B+21.4%	$1.2B+24.7%	$958.6M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$94.5M+230.4%	$28.6M-63.9%	$79.2M+87.3%	$42.3M-43.2%	$74.5M+260.4%	$20.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$13.0M0.0%	$13.0M0.0%	$13.0M0.0%	$13.0M-0.6%	$13.1M+316.0%	$3.1M
Total Liabilities	$1.4B+6.0%	$1.3B+2.3%	$1.3B-5.7%	$1.3B+23.0%	$1.1B+23.8%	$874.8M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$18.0M0.0%	$18.0M0.0%	$18.0M	$0	N/A	N/A
Total Equity	$42.8M+9.6%	$39.0M-63.1%	$105.9M-11.4%	$119.5M+6.0%	$112.8M+34.5%	$83.9M
Retained Earnings	$99.4M-3.1%	$102.5M+4.3%	$98.3M+2.2%	$96.2M+1.7%	$94.6M+1.1%	$93.6M

Metric	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22
Total Assets	$1.4B-0.7%	$1.4B+9.7%	$1.3B0.0%	$1.3B-2.6%	$1.3B-0.4%	$1.3B+2.3%	$1.3B-3.7%	$1.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$94.5M-34.6%	$144.4M+704.4%	$17.9M+10.7%	$16.2M-43.3%	$28.6M-20.1%	$35.8M-13.3%	$41.3M-43.0%	$72.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$13.0M	N/A	N/A	N/A	$13.0M	N/A	N/A	N/A
Total Liabilities	$1.4B-1.3%	$1.4B+10.4%	$1.2B+0.1%	$1.2B-2.8%	$1.3B-0.9%	$1.3B+1.8%	$1.3B-1.0%	$1.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$18.0M	N/A	N/A	N/A	$18.0M	N/A	N/A	N/A
Total Equity	$42.8M+24.5%	$34.3M-14.4%	$40.1M-2.4%	$41.1M+5.4%	$39.0M+19.6%	$32.6M+25.9%	$25.9M-58.8%	$63.0M
Retained Earnings	$99.4M-1.7%	$101.0M+0.3%	$100.7M-0.6%	$101.3M-1.2%	$102.5M+1.1%	$101.4M+1.2%	$100.2M+1.2%	$99.0M

CIZN Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	$5.5M-59.9%	$13.8M-21.3%	$17.5M+24.6%	$14.0M+4.0%	$13.5M+10.9%	$12.2M
Capital Expenditures	$718K-72.8%	$2.6M+1.7%	$2.6M+28.7%	$2.0M+93.8%	$1.0M+201.2%	$346K
Free Cash Flow	$4.8M-56.8%	$11.1M-25.3%	$14.9M+23.9%	$12.0M-3.5%	$12.5M+5.3%	$11.8M
Investing Cash Flow	-$9.8M+88.9%	-$88.3M-189.6%	$98.6M+134.2%	-$288.0M-1064.4%	-$24.7M-240.3%	$17.6M
Financing Cash Flow	$70.1M+192.9%	$23.9M+130.2%	-$79.2M-132.7%	$241.8M+271.6%	$65.1M+285.0%	-$35.2M
Dividends Paid	$4.0M-24.8%	$5.4M+0.1%	$5.4M+0.1%	$5.4M+10.0%	$4.9M+3.6%	$4.7M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22
Operating Cash Flow	$1.1M-50.6%	$2.3M+196.9%	$775K-40.8%	$1.3M-54.8%	$2.9M-29.1%	$4.1M+7.5%	$3.8M+27.6%	$3.0M
Capital Expenditures	$85K-72.1%	$305K+104.7%	$149K-16.8%	$179K-58.5%	$431K-75.1%	$1.7M+656.3%	$229K-8.4%	$250K
Free Cash Flow	$1.1M-47.3%	$2.0M+218.8%	$626K-44.7%	$1.1M-54.1%	$2.5M+4.7%	$2.4M-34.1%	$3.6M+30.9%	$2.7M
Investing Cash Flow	-$32.5M-682.3%	-$4.2M-407.9%	$1.4M-94.7%	$25.5M+1097.4%	$2.1M+106.9%	-$30.9M-51.7%	-$20.4M+47.9%	-$39.1M
Financing Cash Flow	-$18.5M-114.4%	$128.3M+33595.8%	-$383K+99.0%	-$39.2M-221.0%	-$12.2M-157.2%	$21.4M+246.6%	-$14.6M-149.6%	$29.4M
Dividends Paid	$899K0.0%	$899K+0.1%	$898K-33.3%	$1.3M+0.1%	$1.3M-0.1%	$1.3M0.0%	$1.3M+0.1%	$1.3M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CIZN Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	3.8%-20.5pp	24.2%+4.8pp	19.5%+2.4pp	17.1%+0.4pp	16.7%-4.6pp	21.3%
Return on Equity	4.3%-20.3pp	24.6%+17.6pp	7.1%+1.3pp	5.8%+0.6pp	5.2%-2.7pp	8.0%
Return on Assets	0.1%-0.6pp	0.7%+0.2pp	0.5%+0.1pp	0.5%-0.0pp	0.5%-0.2pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.42-0.0	0.46+0.3	0.17+0.2	0.00-9.6	9.60-0.8	10.43
FCF Margin	9.8%-18.3pp	28.0%-10.7pp	38.7%+9.0pp	29.6%-5.6pp	35.2%-2.5pp	37.7%

Metric	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-5.6%-15.0pp	9.4%+6.7pp	2.7%-7.6pp	10.3%-12.1pp	22.5%-3.0pp	25.5%-1.1pp	26.6%+4.1pp	22.5%
Return on Equity	-1.8%-5.4pp	3.5%+2.8pp	0.8%-2.0pp	2.8%-3.5pp	6.3%-1.6pp	7.9%-1.9pp	9.8%+6.6pp	3.2%
Return on Assets	-0.1%-0.1pp	0.1%+0.1pp	0.0%-0.1pp	0.1%-0.1pp	0.2%0.0pp	0.2%-0.0pp	0.2%+0.1pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.42-39.8	40.17+9.1	31.12+0.8	30.36+29.9	0.46-39.2	39.70-9.4	49.11+28.7	20.42
FCF Margin	7.4%-8.2pp	15.6%+10.0pp	5.6%-4.6pp	10.3%-12.2pp	22.5%-0.8pp	23.3%-14.1pp	37.4%+7.2pp	30.1%

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Frequently Asked Questions

What is Citizens Holding's annual revenue?

Citizens Holding (CIZN) reported $49.3M in total revenue for fiscal year 2023. This represents a 24.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Citizens Holding's revenue growing?

Citizens Holding (CIZN) revenue grew by 24.1% year-over-year, from $39.7M to $49.3M in fiscal year 2023.

Is Citizens Holding profitable?

Yes, Citizens Holding (CIZN) reported a net income of $1.9M in fiscal year 2023, with a net profit margin of 3.8%.

How much debt does Citizens Holding have?

As of fiscal year 2023, Citizens Holding (CIZN) had $94.5M in cash and equivalents against $18.0M in long-term debt.

What is Citizens Holding's net profit margin?

Citizens Holding (CIZN) had a net profit margin of 3.8% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

Does Citizens Holding pay dividends?

Yes, Citizens Holding (CIZN) paid $0.72 per share in dividends during fiscal year 2023.

What is Citizens Holding's return on equity (ROE)?

Citizens Holding (CIZN) has a return on equity of 4.3% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.

What is Citizens Holding's free cash flow?

Citizens Holding (CIZN) generated $4.8M in free cash flow during fiscal year 2023. This represents a -56.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Citizens Holding's operating cash flow?

Citizens Holding (CIZN) generated $5.5M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Citizens Holding's total assets?

Citizens Holding (CIZN) had $1.4B in total assets as of fiscal year 2023, including both current and long-term assets.

What are Citizens Holding's capital expenditures?

Citizens Holding (CIZN) invested $718K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How many shares does Citizens Holding have outstanding?

Citizens Holding (CIZN) had 6M shares outstanding as of fiscal year 2023.

What is Citizens Holding's debt-to-equity ratio?

Citizens Holding (CIZN) had a debt-to-equity ratio of 0.42 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Citizens Holding's return on assets (ROA)?

Citizens Holding (CIZN) had a return on assets of 0.1% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Citizens Holding's Piotroski F-Score?

Citizens Holding (CIZN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Citizens Holding's earnings high quality?

Citizens Holding (CIZN) has an earnings quality ratio of 2.98x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Citizens Holding?

Citizens Holding (CIZN) scores 59 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.