Welcome to our dedicated page for Citizens Fincl S news (Ticker: CZFS), a resource for investors and traders seeking the latest updates and insights on Citizens Fincl S stock.
Citizens Financial Services, Inc. (NASDAQ: CZFS), parent company of First Citizens Community Bank, regularly publishes unaudited quarterly and annual financial results and related updates. This news page aggregates those releases so readers can review how the company’s commercial banking operations, loan portfolio and deposit base evolve over time.
In its press releases, the company highlights net income, net interest income, net interest margin, and the provision for credit losses, along with key ratios such as return on average equity, return on average assets and measures of non-performing assets. Management commentary explains how factors like investment income, interest expense, economic forecasts and changes in past due or non-accrual loans influence these results.
News items also cover balance sheet trends, including total assets, loans, deposits, available-for-sale securities and stockholders’ equity. Citizens Financial Services, Inc. reports on developments such as the acquisition of HV Bancorp, Inc., the sale of assets associated with the Braavo online lending platform, and subsequent activity related to Braavo-originated loans. These disclosures show how acquisitions, dispositions and credit performance affect provisions, charge-offs and non-performing asset levels.
In addition, the company announces dividend declarations, noting quarterly cash dividend amounts, record dates and payment dates, and discusses the impact of bank owned life insurance, gains or losses on equity securities, and other non-interest income and expense items. Investors following CZFS news can use this page to track recurring themes in earnings, credit quality, capital, and shareholder returns, and to reference the latest management updates accompanying each reporting period.
Citizens Financial Services (Nasdaq: CZFS) reported unaudited results for the three and nine months ended September 30, 2025, showing higher profitability and asset growth. Nine-month net income was $26.09M, up 31.5% vs. 2024; Q3 net income was $10.01M, up 32.7% year-over-year. Net interest income (YTD) rose to $71.79M (+12.9%) driven by higher investment income and lower funding costs; tax‑equivalent net interest margin increased to 3.44% (nine months) and 3.60% (Q3).
Asset metrics: total assets ~$3.06B, net loans ~$2.31B, deposits $2.41B; non-performing assets $22.99M (0.98% of loans). Board declared a $0.50 quarterly cash dividend paid Sept 26, 2025.
Citizens Financial Services (Nasdaq: CZFS) reported strong financial results for Q2 2025, with net income reaching $8.5 million for the quarter, a significant increase of $3.2 million compared to Q2 2024. For the first six months of 2025, net income totaled $16.1 million, up 30.8% from the same period in 2024.
Key performance metrics showed improvement with Return on Average Equity reaching 10.88% for Q2 2025 (up from 7.40% in Q2 2024), while the net interest margin increased to 3.47% from 3.15%. Total assets stood at $2.97 billion as of June 30, 2025, with net loans at $2.22 billion and deposits at $2.29 billion.
The bank declared a quarterly cash dividend of $0.495 per share, representing a 2.1% increase from the previous year. Non-performing assets decreased by $1.24 million since December 2024, though they remain higher than June 2024 levels due to loans acquired in the HVB acquisition.
Citizens Financial Services reported strong Q1 2025 financial results with net income of $7.6 million, an 8.5% increase from Q1 2024. The bank's performance was driven by a $2.0 million rise in net interest income, reaching $23.0 million.
Key metrics show solid performance with return on average equity at 10.00% and return on average assets at 1.00%. The bank's loan-to-deposit ratio stands at 97.92%, with total assets of $3.02 billion. Non-performing assets decreased by $1.13 million since December 2024, totaling $27.48 million.
The Board declared a quarterly cash dividend of $0.495 per share, representing a 2.1% increase from the previous year. The bank maintains strong asset quality with an allowance for credit losses at 0.95% of total loans. Total deposits were $2.36 billion, while stockholders' equity increased to $308.3 million.
Citizens Financial Services (NASDAQ: CZFS) reported its full-year and fourth quarter 2024 financial results. The company achieved net income of $27.8 million for 2024, representing a 56.2% increase from 2023, primarily due to one-time merger costs and provisions recorded in 2023 related to the HV Bancorp acquisition.
Key highlights include: net interest income before provision for credit losses increased 7.7% to $86.5 million; completion of Braavo division asset sale for $7.2 million with a pre-tax gain of $1.1 million; and return on average equity of 9.59% for 2024. Total assets reached $3.03 billion, with net loans totaling $2.29 billion. The company declared a quarterly cash dividend of $0.49 per share, a 1.0% increase from the previous year.
Citizens Financial Services (NASDAQ: CZFS) reported net income of $19.8 million for the first nine months of 2024, a 93.1% increase from the same period in 2023. Net interest income before provision for credit losses was $63.6 million, up 8.9% year-over-year. The company completed the sale of certain Braavo assets in Q1 2024 for $7.2 million, generating a $1.1 million pre-tax gain. Total assets reached $3.03 billion, with net loans increasing by $81.6 million to $2.31 billion. The company declared a quarterly cash dividend of $0.49 per share, representing a 1.0% increase from the previous year.
Citizens Financial Services (Nasdaq: CZFS) reported unaudited Q2 2024 financial results, highlighting significant growth due to the acquisition of HV Bancorp last year. Net income for the first six months of 2024 rose to $12.3 million, a 351.7% increase from $2.7 million in the same period in 2023. For Q2 2024, net income was $5.3 million, up $9.4 million from a net loss in Q2 2023. Net interest income for the first half of 2024 was $42.3 million, a 17.4% increase. The provision for credit losses was $2.8 million, primarily due to loans retained from HVB's Braavo division. Non-interest income increased to $8.3 million, driven by gains from the sale of Braavo assets. Total non-interest expenses were $32.9 million, a slight increase. The effective tax rate for the first six months was 17.4%, compared to 13.4% in 2023. The dividend declared was $0.49 per share, a 2.1% increase. As of June 30, 2024, total assets were $2.95 billion.
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