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Citizens Financial Services, Inc. reports recurring banking-company developments as the parent company of First Citizens Community Bank. The company’s news centers on unaudited quarterly and annual financial results, including net income, net interest income, net interest margin, credit-loss provisions, deposit and loan trends, and the effects of market interest rates on funding costs.
Coverage also includes capital and shareholder-return actions such as cash dividends, along with operating commentary tied to customer relationship growth, fee-based services, bank-owned life insurance income, and the completed Huntington Valley Bank acquisition. The bank’s activities include deposit accounts, residential, commercial and agricultural real estate lending, commercial and industrial lending, public-sector lending, consumer loans, and trust and investment services.
Citizens Financial Services (Nasdaq: CZFS) reported unaudited results for Q1 2026. Net income was $10.4 million, up 36.2% year-over-year; net interest income rose to $26.1 million (+13.5%). ROAE (annualized) was 12.03% and tax-equivalent net interest margin was 3.72%.
Non-performing assets increased to $40.1 million (1.74% of loans) due to four commercial real estate relationships placed on non-accrual. Deposits were $2.44 billion and stockholders' equity totaled $343.6 million.
Citizens Financial Services (Nasdaq: CZFS) reported unaudited 2025 results with net income $36.57M (up 31.5% vs. 2024) and EPS $7.62. Net interest income before provision rose to $98.00M, NIM improved to 3.50%, and ROAE was 11.51%. Total assets were $3.06B and loans totaled $2.33B. Non-performing assets were $29.2M (1.24% of loans). The board declared a $0.50 per share cash dividend paid Dec 26, 2025.
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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