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 and HV Bancorp announced a definitive agreement for HVBC to merge into CZFS. HVBC shareholders can choose $30.50 cash or 0.400 shares of CZFS stock, with a total transaction value of approximately $67.4 million. This merger aims to enhance CZFS's presence in Pennsylvania, Delaware, and New Jersey. Post-merger, the combined assets are expected to exceed $2.78 billion. The merger, approved by both companies' boards, is anticipated to complete in the first half of 2023, pending regulatory and shareholder approvals.
Citizens Financial Services, Inc. (CZFS) declared a cash dividend of $0.48 per share, payable on September 30, 2022. Shareholders recorded by the close of business on September 16, 2022 will receive this dividend, reflecting a 3.1% increase from last year’s $0.465, adjusted for a 1% stock dividend in June 2022. The company's President, Randall Black, stated that the uplisting to the Nasdaq Capital Market supports their growth and commitment to rewarding shareholders.
Citizens Financial Services, Inc. (Nasdaq: CZFS) reported its unaudited financial results for the six months ended June 30, 2022, showing net income of $13.6 million, a 9.7% decline from the previous year, mainly due to prior life insurance proceeds and lower loan sale gains amid rising mortgage rates. The bank experienced a net loan growth of $116.7 million for Q2 and $153.6 million year-to-date, marking a 21.6% annualized increase. Non-performing assets decreased to $8.36 million, with a 0.52% ratio of total loans. A dividend of $0.475 per share was declared, up 3.20% from last year.
The Board of Directors of Citizens Financial Services declared a cash dividend of $0.475 per share and a 1% stock dividend, payable on June 24, 2022, to shareholders of record by June 10, 2022. This marks a 3.2% increase over last year's cash dividend of $0.460. CEO Randall Black highlighted the strength of their Community Banking model and the recent approval to uplist on Nasdaq, aiming to enhance shareholder value. Citizens Financial Services holds assets of $2.19 billion and operates 30 offices across Pennsylvania, Delaware, and New York.
Citizens Financial Services (Nasdaq: CZFS) announced its uplisting to the Nasdaq Capital Market, effective June 3, 2022. This strategic move is expected to boost liquidity, improve access to capital, and enhance shareholder value. CEO Randall Black highlighted that this uplisting coincides with the company's 150th anniversary and reflects its growth, with 2021 results showing $2.1 billion in assets, $1.8 billion in deposits, and record net income of $29.1 million.
Citizens Financial Services, parent of First Citizens Community Bank, reported unaudited financial results for Q1 2022, showing a net income of $6.7 million, down 20.4% from Q1 2021. The decrease was attributed to life insurance proceeds received in 2021 and reduced loan amortization. Net loan growth reached $36.9 million, representing 10.4% annualized growth. Non-performing assets decreased to $8.9 million. The company plans to list its stock on the Nasdaq Capital Market and declared a cash dividend of $0.475 per share, up 3.26% from last year.
Citizens Financial Services, Inc (OTCPink: CZFS) has filed an initial application to list its common stock on the Nasdaq Capital Market. CEO Randall Black expressed optimism about the listing, emphasizing that it could enhance the company's access to capital, increase trading volume, and enable better acquisition strategies. The application is subject to review and approval, and a future press release will detail the approval status and listing target date. Citizens Financial operates through First Citizens Community Bank, with assets totaling $2.2 billion and 31 offices across Pennsylvania, Delaware, and New York.
Citizens Financial Services, parent of First Citizens Community Bank, reported a net income of $29.1 million for 2021, reflecting a 16.0% increase from 2020, with basic earnings per share of $7.38. However, net income for Q4 2021 was $6.9 million, a 3.9% decline year-over-year. Total assets rose to $2.14 billion, while the loan-to-deposit ratio fell to 78.51%. Non-performing assets decreased to $8.8 million, representing 0.61% of total loans. A cash dividend of $0.470 per share was declared, marking a 3.10% increase from the previous year.
The Board of Directors of Citizens Financial Services has declared a cash dividend of $0.47 per share, payable on December 30, 2021, to shareholders of record as of December 16, 2021. This represents a 3.2% increase over the previous year's dividend of $0.456 per share, adjusted for a 1% stock dividend in June 2021. The bank holding company, with assets of $2.05 billion, operates 30 offices across Pennsylvania, Delaware, and New York.
Citizens Financial Services, Inc. (CZFS) reported net income of $22.2 million for the first nine months of 2021, a 24% increase from the prior year. For Q3, net income fell 11.8% to $7.1 million. Net interest income rose by 7.9% to $49.2 million. Non-performing assets decreased to $10.2 million, representing 0.71% of loans. The company declared a cash dividend of $0.470 per share, a 3.10% increase from last year. Despite a strong nine-month performance, Q3 results showed declines in key metrics like earnings per share and return on equity.