Every 8-K that Citizens Financial Services, Inc. (CZFS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CZFS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CZFS filings page.
Citizens Financial Services, Inc. reported stronger results for the three and six months ended June 30, 2026. Net income was $10.2 million for the quarter and $20.6 million for the first six months, up from $8.5 million and $16.1 million a year earlier, with basic EPS rising to $2.12 and $4.29.
Performance ratios improved: annualized return on assets reached 1.32% for the quarter and 1.33% year‑to‑date, return on equity was 11.64% and 11.84%, and the tax‑equivalent net interest margin increased to 3.67% for the quarter and 3.69% for the first half. Net interest income before the provision for credit losses for the six months rose 11.1% to $51.8 million as the yield on interest‑earning assets and the cost of interest‑bearing liabilities produced a wider spread. Non‑interest income grew to $7.7 million, helped by higher earnings on bank owned life insurance following a $22.0 million purchase in early 2026.
Credit quality weakened. Non‑performing assets increased to $43.4 million, or 1.81% of loans, from $29.2 million at year‑end, largely due to several commercial real estate and construction relationships placed on non‑accrual, while the allowance for credit losses on loans rose to $23.6 million, or 0.98% of loans. The loan‑to‑deposit ratio reached 100.02% as loans and securities expanded, partly funded by an $84.6 million increase in borrowed funds. Stockholders’ equity increased to $352.8 million, and the quarterly dividend was raised 4.0% to $0.51 per share.
Citizens Financial Services, Inc. reported several governance and compensation updates. The board appointed John D. Behm, already a director of First Citizens Community Bank, to the company’s board; he will be compensated under existing non-employee director policies and has no related-party transactions requiring disclosure.
The company amended its Supplemental Executive Retirement Plan to grant CFO Stephen J. Guillaume a benefit equal to 10.0% of his highest average annual cash compensation over any three non-consecutive years within the prior ten years of service. The board also finalized 2025 Annual Incentive Plan bonuses: CEO Randall E. Black received $590,601 in cash, with other named executives receiving cash bonuses ranging from $51,571 to $86,884, plus restricted stock awards of approximately $22,100 for Mr. Guillaume and $23,850 for Jeffrey R. White.
After including these awards, total 2025 compensation reported in the Summary Compensation Table is $1,803,244 for Mr. Black, with other named executives between $371,571 and $482,693. The company also disclosed a CEO pay ratio of 36.9, based on median employee annual compensation of $48,896 and CEO/President total compensation of $1,803,244 for 2025.
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.
Citizens Financial Services, Inc. reported stronger unaudited results for the three months ended March 31, 2026. Net income rose to $10,376 thousand from $7,621 thousand a year earlier, and basic and diluted earnings per share increased to $2.16 from $1.59.
The bank’s annualized return on average assets improved to 1.34%, and return on average equity reached 12.03%, supported by a higher tax-equivalent net interest margin of 3.72% versus 3.30% in 2025. A quarterly cash dividend of $0.50 per share was paid in March 2026, up from $0.49.
Total assets were $3.03 billion and loans were $2.30 billion at March 31, 2026, while stockholders’ equity increased to $343.6 million. Asset quality remained generally stable in charge-offs, though non-performing assets increased to $40,103 thousand, or 1.74% of total loans.
Citizens Financial Services, Inc. reported results from its 2026 annual meeting of shareholders held on April 21, 2026. Shareholders approved the 2026 Equity Omnibus Incentive Plan, which reserves up to 250,000 shares of common stock for future equity awards to employees, directors, and certain advisers. Five Class 3 directors were elected to serve until the 2029 annual meeting, the appointment of S.R. Snodgrass as independent auditor for the fiscal year ending December 31, 2026 was ratified, and a non-binding advisory vote approved the compensation of named executive officers.
Citizens Financial Services, Inc. shared an investor presentation at its annual meeting, highlighting record 2025 earnings and stronger capital. Net income rose to $36.6 million in 2025, with diluted core earnings per share of $7.62 and dividends per share of $1.98.
Total assets reached $3.06 billion, total loans $2.36 billion, and deposits $2.38 billion, with a loans-to-deposits ratio of 99.29%. Profitability improved, as net interest margin increased to 3.50%, core return on average assets to 1.21%, and core return on average tangible common equity to 15.94%.
Tangible common equity was $250.1 million, equal to 8.40% of tangible assets, while nonperforming assets were 0.95% of total assets and net charge-offs were 0.03% of average loans. The presentation also detailed liquidity sources totaling about $1.39 billion and described initiatives in technology, cybersecurity, fraud prevention, and emerging areas like cryptocurrency and AI.
Citizens Financial Services, Inc. has authorized a stock repurchase program allowing it to buy back up to 200,000 outstanding common shares for a total purchase price not exceeding $15 million. The program runs from April 22, 2026 through April 22, 2029.
The company may repurchase shares through open market purchases, privately negotiated deals or block trades in line with Rule 10b-18. Management plans to fund any buybacks with cash on hand, but the timing and amount of repurchases will depend on share price and overall business and market conditions.
Citizens Financial Services, Inc. filed a Form 8-K to share an investor presentation under Regulation FD. The company plans to use this fourth quarter 2025 investor presentation in one or more meetings with investors, and has furnished it as Exhibit 99.1.
The materials are provided for informational purposes only and are expressly stated not to be deemed “filed” under the Securities Exchange Act or incorporated into other securities filings unless specifically referenced. No new transactions or detailed financial results are described in this report itself.
Citizens Financial Services, Inc. filed a Form 8-K to furnish its unaudited financial results for the fourth quarter and full year 2025. The results were announced by CEO Randall E. Black and are presented in a press release titled “Citizens Financial Services, Inc. Reports Unaudited Full Year and Fourth Quarter 2025 Financial Results.”
The press release is included as Exhibit 99.1 and incorporated by reference, while the information furnished under Item 2.02 is expressly not deemed “filed” for purposes of the securities laws. The report is signed on behalf of the company by Chief Financial Officer Stephen J. Guillaume.
Citizens Financial Services, Inc., parent of First Citizens Community Bank, reported a board change. On January 12, 2026, the Board appointed Joseph B. Bower, Jr. to the Company’s Board of Directors, and he was also appointed to the Bank’s Board of Directors.
Mr. Bower will serve on the Board’s Audit and Examination Committee, which oversees financial reporting and internal controls. He will be compensated as a non-employee director under the Company’s existing director compensation policies described in the 2025 definitive proxy statement.
The Company stated that there are no special arrangements or understandings with any person related to his selection as director and that there are no past or proposed transactions with Mr. Bower requiring related-party disclosure under Item 404(a) of Regulation S-K.
Citizens Financial Services, Inc. has scheduled its 2026 annual meeting of shareholders for Tuesday, April 21, 2026. This is the yearly gathering where shareholders can vote on directors, executive compensation, and other corporate matters presented in the proxy materials. The common stock of the company trades on the NASDAQ Capital Market under the symbol CZFS.
Citizens Financial Services, Inc. furnished a Third Quarter 2025 investor presentation under Item 7.01 (Regulation FD). The presentation is attached as Exhibit 99.1.
The company states the information is furnished, not filed, is not subject to Section 18 liability, and is not incorporated by reference into other filings unless expressly referenced.
Citizens Financial Services, Inc. furnished a current report under Item 2.02 to announce unaudited consolidated financial results for the third quarter 2025. The company issued a press release titled “Citizens Financial Services, Inc. Reports Unaudited Third Quarter 2025 Financial Results.”
The press release is attached as Exhibit 99.1 and dated October 30, 2025. The company states that the information furnished under Item 2.02 of the 8‑K shall not be deemed “filed” for any purpose. CEO Randall E. Black recently announced these results.