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 (CZFS) operates as a Pennsylvania-chartered bank and trust company providing comprehensive financial solutions. This news hub offers investors and stakeholders centralized access to official updates across all business operations.
Track critical developments through verified press releases covering quarterly earnings, regulatory filings, leadership changes. Discover updates on lending programs, trust services, and community banking initiatives that demonstrate the company's market position.
Key content categories include financial results, product launches, strategic partnerships, and compliance updates. All materials are sourced directly from company communications to ensure accuracy and timeliness.
Bookmark this page for streamlined monitoring of CZFS's evolving services in commercial banking, mineral rights services, and retirement planning solutions. Regular updates provide essential insights for informed financial analysis.
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.
FAQ
What is the current stock price of Citizens Fincl S (CZFS)?
What is the market cap of Citizens Fincl S (CZFS)?
