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Citizens Financial Services, Inc. - $CZFS STOCK NEWS

Welcome to our dedicated page for Citizens Financial Services news (Ticker: $CZFS), a resource for investors and traders seeking the latest updates and insights on Citizens Financial Services stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Citizens Financial Services's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Citizens Financial Services's position in the market.

News
CITIZENS FINANCIAL SERVICES, INC. REPORTS UNAUDITED FIRST QUARTER 2024 FINANCIAL RESULTS
Rhea-AI Summary
Citizens Financial Services, Inc. reported unaudited first quarter 2024 financial results, with a net income of $7.0 million, a 2.3% increase from 2023. The company benefited from the sale of assets acquired in an acquisition, generating a pre-tax gain of $1.1 million. Net interest income increased by 15.9% due to the acquisition. However, non-performing assets increased, and total $15.7 million as of March 31, 2024. The company's return on equity and assets decreased compared to the prior year. Total assets were $2.92 billion as of March 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.15%
Tags
earnings
-
News
CITIZENS FINANCIAL SERVICES, INC. REPORTS UNAUDITED FULL YEAR AND FOURTH QUARTER 2023 FINANCIAL RESULTS
Rhea-AI Summary
Citizens Financial Services, Inc. (CZFS) released its unaudited consolidated financial results for Q4 2023, showing net income of $17.8 million, 38.7% lower than 2022 due to merger costs and credit loss provisions. The effective tax rate for 2023 was 17.2%, compared to 18.1% in 2022. The company's total assets were $2.98 billion at December 31, 2023, compared to $2.33 billion at December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.03%
Tags
earnings
-
News
/C O R R E C T I O N -- CITIZENS FINANCIAL SERVICES, INC./
Rhea-AI Summary
Citizens Financial Services, Inc. (Nasdaq: CZFS) reported unaudited full year and fourth quarter 2023 financial results. The acquisition of HV Bancorp, Inc. contributed significant growth to net interest income in the second half of 2023. However, net income for 2023 was 38.7% lower than 2022 due to one-time merger and acquisition costs and the provision for credit losses. The return on average equity and assets also decreased compared to 2022. The company's total non-interest expenses increased by 45.0% in 2023, primarily due to merger and acquisition costs. Despite the increase in assets, the company observed an increase in non-performing loans and loans past due 30-89 days. However, the company declared a cash dividend of $0.49 per share, reflecting a 3.1% increase over the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.03%
Tags
none
News
CITIZENS FINANCIAL SERVICES, INC. REPORTS UNAUDITED THIRD QUARTER 2023 FINANCIAL RESULTS
Rhea-AI Summary
Citizens Financial Services, Inc. releases unaudited financial results for Q3 2023, including the impact of the acquisition of HV Bancorp. Net income for the first nine months of 2023 decreased by 51.5% compared to the same period in 2022 due to merger costs. Return on average equity and assets also decreased. Net interest income increased by 10.5% compared to last year. Provision for credit losses increased by $3.9 million. Non-interest expenses increased by 48.39% due to merger costs and salary/benefit increases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
earnings
-
News
CITIZENS FINANCIAL SERVICES, INC. REPORTS UNAUDITED SECOND QUARTER 2023 FINANCIAL RESULTS
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
earnings
-
News
Citizens Financial Services, Inc. Announces Completion of Merger with HV Bancorp, Inc.
Rhea-AI Summary
Citizens Financial Services completes merger with HV Bancorp and Huntingdon Valley Bank
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
acquisition
News
Citizens Financial Services, Inc. Announces Preliminary Results of Merger Consideration Elections Regarding Pending HV Bancorp, Inc. Merger
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.76%
Tags
acquisition
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News
Citizens Financial Services, Inc. and HV Bancorp, Inc. Announce Election Deadline
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.92%
Tags
none
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News
CITIZENS FINANCIAL SERVICES, INC. REPORTS UNAUDITED FIRST QUARTER 2023 FINANCIAL RESULTS
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
Tags
earnings
News
Citizens Financial Services, Inc. Announces Receipt of Regulatory Approvals for the Acquisition of HV Bancorp, Inc.
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
Tags
acquisition
Stock CZFS logo
Citizens Financial Services, Inc.

Nasdaq:CZFS

CZFS Rankings

#3694 Ranked by Market Cap
#3884 Ranked by Stock Gains
#795 Ranked by Dividends

CZFS Stock Data

223.25M
4.40M
6.19%
24.1%
0.53%
Commercial Banking
Finance and Insurance
Link
United States of America
MANSFIELD

About CZFS

our goal is to support the growth of the communities we serve. after all, community is in our name. we have a knack for hiring the finest and brightest employees, and understand how fostering their growth builds loyalty, impacting customer service. our employees are our strongest asset. so, we accommodate families, invest in our their future, and recognize hard work. undoubtedly, quality customer service is of the utmost importance to our staff. we concentrate our attention on carefully chosen customer service initiatives; providing customers with the ability to own their own home, send their children to college, and retire in a lifestyle to which they are accustomed. as the number one mortgage lender in the northern tier of pennsylvania, we do what no one else can for our customers! our extensive experience allows us to overcome obstacles that stand in the way of customer satisfaction. in fact, customer surveys consistently show 99% of customers would recommend us to their family and