Citizens Financial Q1 2026 investor metrics snapshot
Citizens Financial Services, Inc. filed an 8-K to furnish its first quarter 2026 investor presentation, outlining recent performance and balance sheet metrics.
Rhea-AI Filing Summary
Citizens Financial Services, Inc. filed an 8-K to furnish its first quarter 2026 investor presentation, outlining recent performance and balance sheet metrics. As of March 31, 2026, the company reported assets of $3.03 billion, gross loans of $2.30 billion, and deposits of $2.44 billion.
For the quarter, diluted EPS was $2.16 and net income was $10.4 million. The presentation highlights a net interest margin of 3.72% compared with 3.69% in the prior quarter, and an efficiency ratio of 54.98% versus 54.03%. Core return on average assets was 1.34% and core return on average tangible common equity was 16.15%.
Credit quality data show a nonperforming assets to assets ratio of 1.33% versus 0.95% previously, and nonperforming loans to gross loans of 1.64% versus 1.14%. A non-GAAP reconciliation indicates a tangible common equity to tangible assets ratio of 8.70% and tangible book value per share of $53.23 as of March 31, 2026.
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8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Total assets: $3.03 billion
Gross loans: $2.30 billion
Total deposits: $2.44 billion
+5 more
8 metrics
Total assets
$3.03 billion
As of March 31, 2026
Gross loans
$2.30 billion
As of March 31, 2026
Total deposits
$2.44 billion
As of March 31, 2026
Diluted EPS
$2.16
Quarter ended March 31, 2026
Net income
$10.4 million
Quarter ended March 31, 2026
Net interest margin
3.72%
Q1 2026 vs. 3.69% prior quarter
NPAs / Assets
1.33%
Compared with 0.95% in prior quarter
Tangible book value per share
$53.23
As of March 31, 2026 (non-GAAP)
Key Terms
Net interest margin, Core ROAA, Core ROATCE, Efficiency Ratio, +2 more
6 terms
Net interest margin financial
"Net Interest Margin 3.72% vs. 3.69%"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
Core ROAA financial
"Core ROAA (1) 1.34% vs. 1.37%"
Core ROATCE financial
"YTD Return on Average Tangible Common Equity 16.15%(3)"
Efficiency Ratio financial
"Efficiency Ratio 54.98% vs. 54.03%"
A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.
Nonperforming assets financial
"NPAs / Assets Ratio 1.33% vs. 0.95%"
Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.
Tangible common equity financial
"Tangible common equity $190,258 $211,084 $250,072"
Tangible common equity is the portion of a company’s net worth that belongs to ordinary shareholders after removing intangible items (like goodwill or patents) and any preferred claims; it’s often expressed on a per-share basis. Think of it as the hard, sellable value left for common owners if you removed non-physical assets and paid off debts—investors use it to judge how much real cushion a company has and whether the stock might be under- or over-valued.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Citizens Financial Services (CZFS) disclose in its latest 8-K?
Citizens Financial Services furnished a first quarter 2026 investor presentation via 8-K. It provides updated figures on assets, loans, deposits, earnings, margins, capital, and credit quality, helping investors understand recent operating performance and balance sheet trends.
What were Citizens Financial Services’ key profitability metrics for Q1 2026?
For Q1 2026, Citizens Financial Services reported diluted EPS of $2.16 and net income of $10.4 million. Core return on average assets was 1.34%, while core return on average tangible common equity reached 16.15%, reflecting the bank’s underlying profitability profile.
How large is Citizens Financial Services’ balance sheet as of March 31, 2026?
As of March 31, 2026, Citizens Financial Services reported total assets of $3.03 billion, gross loans of $2.30 billion, and deposits of $2.44 billion. These figures show the scale of the bank’s lending and funding base at the end of the quarter.
What do Citizens Financial Services’ Q1 2026 credit quality ratios show?
The investor presentation shows a nonperforming assets to assets ratio of 1.33% versus 0.95% previously. Nonperforming loans to gross loans were 1.64% versus 1.14%, and reserves to nonperforming loans stood at 60.7% compared with 85.0% in the prior quarter.
What is Citizens Financial Services’ net interest margin for Q1 2026?
Citizens Financial Services reported a net interest margin of 3.72% for the first quarter of 2026, compared with 3.69% in the prior quarter. Net interest margin measures the spread between interest income on earning assets and interest paid on funding sources.
What capital and tangible book metrics did Citizens Financial Services report?
A non-GAAP reconciliation shows tangible common equity to tangible assets of 8.70% as of March 31, 2026. Tangible book value per share was $53.23. These measures help investors assess Citizens Financial Services’ capital strength and per-share underlying tangible equity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 29, 2026
(Exact name of registrant as specified in its charter)
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Identification No.) |
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(Address of principal executive offices)
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Registrant's telephone number, including area code (570 ) 662-0444
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act
of 1934 (§240.12b-2 of this chapter):
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
Citizens Financial Services, Inc. (the “Company”) intends to use the materials furnished herewith in one or more meetings with investors
beginning on April 30, 2026. A copy of the investor presentation is furnished hereto as Exhibit 99.1 and is hereby incorporated by reference herein.
The information contained in this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed to be “filed” for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section, nor shall such information or exhibit be deemed incorporated by reference into any filing under the
Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
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(d)
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Exhibits
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Exhibit
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Description
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99.1
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First Quarter 2026 Investor
Presentation
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104
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Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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CITIZENS FINANCIAL SERVICES, INC.
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DATE: April 29, 2026
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By:
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/s/ Stephen J. Guillaume
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Stephen J. Guillaume
Chief Financial Officer
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