NASDAQ : CZFS
Citizens Financial Services, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 84.9 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 408.36M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 147.25M | 144.43M | 142.69M | 116.08M | 74.27M | 66.37M |
| Interest Income on Investments | 17.09M | 14.74M | 11.63M | 11.04M | 9.09M | 6.85M |
| Total Interest Income | 164.35M | 159.17M | 154.32M | 127.12M | 83.36M | 73.22M |
| Interest Paid on Deposits | 46.05M | 47.05M | 52.33M | 31.70M | 7.32M | 5.84M |
| Interest Paid on Borrowings | 13.03M | 14.12M | 15.54M | 15.16M | 3.91M | 1.27M |
| Total Interest Expense | 59.07M | 61.17M | 67.86M | 46.86M | 11.22M | 7.11M |
| Net Interest Income | 105.28M | 98.00M | 86.45M | 80.26M | 72.13M | 66.11M |
| Trust Income | 825.00K | 792.00K | 816.00K | 764.00K | 803.00K | 865.00K |
| Gain (Loss) on Sale of Assets | 1.10M | |||||
| Gain (Loss) on Sale of Investments | 384.00K | 67.00K | 145.00K | -195.00K | -369.00K | 443.00K |
| Other Non-Interest Income | 12.09M | 11.20M | 11.02M | 9.58M | 8.94M | 8.45M |
| Total Non-Interest Income | 15.41M | 14.34M | 15.40M | 11.61M | 9.63M | 11.04M |
| Revenues Before Loan Losses | 120.69M | 112.34M | 101.86M | 91.86M | 81.76M | 77.15M |
| Provision for Loan Losses | 1.50M | 2.38M | 2.59M | 5.53M | 1.68M | 1.55M |
| Revenue | 119.19M | 109.97M | 99.27M | 86.34M | 80.08M | 75.60M |
| Salaries and Employee Benefits | 39.77M | 38.78M | 38.94M | 34.68M | 27.50M | 25.29M |
| Occupancy Expenses | 3.14M | 3.14M | 2.81M | 2.55M | 2.35M | 2.23M |
| Federal Deposit Insurance | 1.55M | 1.71M | 2.00M | 1.48M | 676.00K | 522.00K |
| Amortization of Goodwill & Intangibles | 414.00K | 478.00K | 564.00K | 373.00K | 156.00K | 192.00K |
| Selling, General & Administrative | 8.46M | 8.18M | 8.21M | 6.45M | 4.78M | 4.72M |
| Other Non-Interest Expense | 12.45M | 12.18M | 12.66M | 9.80M | 8.82M | 8.05M |
| Total Non-Interest Expense | 66.67M | 64.73M | 65.39M | 55.49M | 44.29M | 41.44M |
| EBT Excluding Unusual Items | 52.52M | 45.24M | 33.88M | 30.84M | 35.79M | 34.16M |
| Pretax Income | 52.52M | 45.24M | 33.88M | 21.57M | 35.49M | 35.32M |
| Income Tax Expense | 9.55M | 8.67M | 6.07M | 3.76M | 6.43M | 6.20M |
| Net Income | 42.97M | 36.57M | 27.82M | 17.81M | 29.06M | 29.12M |
| Net Income to Common | 42.97M | 36.57M | 27.82M | 17.81M | 29.06M | 29.12M |
| Basic Shares Outstanding | 4.80M | 4.80M | 4.80M | 4.48M | 4.10M | 4.10M |
| Diluted Shares Outstanding | 4.80M | 4.80M | 4.80M | 4.48M | 4.10M | 4.10M |
| EPS (Basic) | 8.95 | 7.62 | 5.80 | 3.98 | 7.09 | 7.09 |
| EPS (Diluted) | 8.95 | 7.62 | 5.79 | 3.98 | 7.09 | 7.09 |
| Dividend Per Share | 2.02 | 1.98 | 1.93 | 1.90 | 1.84 | 1.79 |
| Effective Tax Rate | 18.19% | 19.16% | 17.90% | 17.45% | 18.13% | 17.55% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 27.36M | 34.29M | 42.20M | 52.82M | 26.21M | 172.83M |
| Investment Securities | 483.60M | 272.37M | 292.81M | 332.80M | 348.50M | 325.23M |
| Trading Asset Securities | 8.26M | 6.93M | 10.37M | 13.69M | 16.60M | 4.01M |
| Mortgage-Backed Securities | 185.15M | 146.58M | 99.35M | 100.58M | 100.76M | |
| Total Investments | 491.86M | 464.44M | 449.76M | 445.84M | 465.67M | 430.00M |
| Gross Loans | 2.39B | 2.35B | 2.31B | 2.25B | 1.72B | 1.44B |
| Allowance for Loan Losses | -23.79M | -22.81M | -21.70M | -21.15M | -18.55M | -17.30M |
| Net Loans | 2.36B | 2.33B | 2.29B | 2.23B | 1.71B | 1.42B |
| Property, Plant & Equipment | 20.57M | 31.60M | 31.36M | 32.50M | 22.61M | 20.28M |
| Goodwill | 85.76M | 85.76M | 85.76M | 85.76M | 31.38M | 31.38M |
| Other Intangible Assets | 1.81M | 1.65M | 2.13M | 2.69M | 298.00K | 454.00K |
| Loans Held for Sale | 257.84M | 9.39M | 9.61M | 9.38M | 725.00K | 4.55M |
| Accrued Interest Receivable | 13.18M | 10.70M | 10.31M | 11.04M | 7.33M | 5.24M |
| Long-Term Deferred Tax Assets | 14.53M | 11.44M | 15.20M | 17.34M | 12.89M | 4.08M |
| Other Real Estate Owned & Foreclosed | 4.46M | 2.36M | 2.63M | 474.00K | 543.00K | 1.18M |
| Other Long-Term Assets | 131.76M | 68.37M | 70.69M | 74.80M | 48.67M | 46.35M |
| Total Assets | 3.41B | 3.06B | 3.03B | 2.98B | 2.33B | 2.14B |
| Accrued Expenses | 471.00K | 525.00K | 575.00K | 617.00K | 646.00K | |
| Interest Bearing Deposits | 2.00B | 1.72B | 1.66B | 1.70B | 1.39B | 1.40B |
| Institutional Deposits | 138.37M | 191.01M | 94.81M | 56.29M | 79.61M | |
| Non-Interest Bearing Deposits | 509.90M | 516.66M | 532.78M | 523.78M | 396.26M | 358.07M |
| Total Deposits | 2.51B | 2.38B | 2.38B | 2.32B | 1.84B | 1.84B |
| Short-Term Borrowings | 5.49M | 270.90M | 218.07M | 187.19M | 178.84M | 2.10M |
| Current Portion of Long-Term Debt | 15.50M | 58.69M | 76.04M | 60.78M | 54.10M | |
| Current Portion of Leases | 1.92M | |||||
| Accrued Interest Payable | 3.57M | 3.13M | 4.69M | 4.30M | 1.23M | 711.00K |
| Long-Term Debt | 512.49M | 27.15M | 26.78M | 26.43M | 17.39M | 9.88M |
| Federal Home Loan Bank Debt, Long-Term | 40.29M | 10.00M | 10.00M | |||
| Long-Term Leases | 8.86M | 10.10M | 11.19M | 5.02M | 3.27M | |
| Pension & Post-Retirement Benefits | 2.90M | 2.65M | 3.51M | 3.37M | 3.21M | |
| Other Long-Term Liabilities | 30.82M | 18.71M | 22.47M | 24.65M | 11.80M | 11.31M |
| Total Liabilities | 3.06B | 2.73B | 2.73B | 2.70B | 2.13B | 1.93B |
| Common Stock | 5.26M | 5.26M | 5.21M | 5.16M | 4.43M | 4.39M |
| Additional Paid-In Capital | 148.51M | 147.97M | 144.98M | 143.23M | 80.91M | 78.39M |
| Retained Earnings | 238.80M | 213.62M | 189.44M | 172.97M | 164.92M | 146.01M |
| Treasury Stock | -16.77M | -16.42M | -16.38M | -16.79M | -16.97M | -16.15M |
| Comprehensive Income & Other | -24.52M | -12.38M | -23.52M | -24.91M | -33.14M | -155.00K |
| Shareholders' Equity | 351.29M | 338.05M | 299.73M | 279.67M | 200.15M | 212.49M |
| Total Liabilities & Equity | 3.41B | 3.06B | 3.03B | 2.98B | 2.33B | 2.14B |
| Total Debt | 517.98M | 324.32M | 313.63M | 341.15M | 272.02M | 79.34M |
| Net Cash (Debt) | -479.29M | -279.29M | -257.24M | -270.57M | -223.16M | 108.53M |
| Net Cash Per Share | -99.82 | -58.18 | -53.57 | -60.45 | -54.48 | 26.44 |
| Filing Date Shares Outstanding | 4.81M | 4.81M | 4.81M | 4.80M | 4.09M | 4.10M |
| Total Common Shares Outstanding | 4.81M | 4.81M | 4.81M | 4.80M | 4.09M | 4.10M |
| Book Value Per Share | 73.02 | 70.32 | 62.35 | 58.24 | 48.92 | 51.77 |
| Tangible Book Value | 263.72M | 250.64M | 211.84M | 191.21M | 168.47M | 180.66M |
| Tangible Book Value Per Share | 54.82 | 52.14 | 44.07 | 39.82 | 41.18 | 44.01 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 36.57M | 27.82M | 17.81M | 29.06M | 29.12M | |
| Depreciation & Amortization | 2.10M | 1.81M | 1.52M | 1.03M | 1.11M | |
| Gain (Loss) on Sale of Assets | -1.10M | |||||
| Gain (Loss) on Sale of Investments | 551.00K | 1.23M | 1.78M | 2.15M | 1.66M | |
| Provision for Credit Losses | 2.38M | 2.59M | 5.53M | 1.68M | 1.55M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 2.43M | 1.99M | 3.46M | 3.98M | 10.95M | |
| Accrued Interest Receivable | -391.00K | 736.00K | -1.49M | -2.10M | 764.00K | |
| Other Operating Activities | -68.00K | 2.82M | 9.00K | -1.22M | -959.00K | |
| Operating Cash Flow | 36.53M | 33.18M | 26.54M | 33.24M | 38.69M | |
| Capital Expenditures | -1.30M | -1.31M | -2.62M | -1.63M | -1.10M | |
| Sale of Property, Plant and Equipment | 12.00K | 7.18M | ||||
| Cash Acquisitions | 4.91M | |||||
| Investment in Securities | -3.60M | -6.98M | 103.91M | -73.22M | -123.77M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -33.48M | -70.25M | -43.95M | -281.39M | -32.11M | |
| Other Investing Activities | -1.71M | 2.28M | -2.78M | -6.21M | -1.25M | |
| Investing Cash Flow | -40.08M | -69.07M | 59.47M | -362.45M | -158.23M | |
| Short-Term Debt Issued | 52.70M | 9.28M | 188.01M | 2.06M | ||
| Long-Term Debt Issued | 40.00M | 9.87M | ||||
| Total Debt Issued | 52.70M | 9.28M | 40.00M | 188.01M | 11.93M | |
| Short-Term Debt Repaid | -34.57M | |||||
| Long-Term Debt Repaid | -42.00M | -35.00M | -4.72M | -26.80M | ||
| Total Debt Repaid | -42.00M | -35.00M | -34.57M | -4.72M | -26.80M | |
| Net Debt Issued (Repaid) | 10.71M | -25.72M | 5.43M | 183.29M | -14.87M | |
| Issuance of Common Stock | 68.00K | 16.00K | 34.00K | 112.00K | ||
| Repurchase of Common Stock | -545.00K | -266.00K | -265.00K | -1.28M | -1.37M | |
| Common Dividends Paid | -9.55M | -9.30M | -8.50M | -7.59M | -7.38M | |
| Net Increase (Decrease) in Deposit Accounts | -5.05M | 60.55M | -56.09M | 8.06M | 247.29M | |
| Financing Cash Flow | -4.37M | 25.27M | -59.40M | 182.59M | 223.66M | |
| Net Cash Flow | -7.91M | -10.62M | 26.61M | -146.62M | 104.13M | |
| Free Cash Flow | 35.24M | 31.87M | 23.92M | 31.61M | 37.59M | |
| Free Cash Flow Margin | 32.04% | 32.10% | 27.71% | 39.47% | 49.72% | |
| Free Cash Flow Per Share | 7.34 | 6.64 | 5.34 | 7.72 | 9.16 | |
| Cash Interest Paid | 62.73M | 67.47M | 44.68M | 10.70M | 7.41M | |
| Cash Income Tax Paid | 6.59M | 2.83M | 5.13M | 6.60M | 5.50M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 419.83M | 274.06M | 301.34M | 304.58M | 304.67M | 239.38M |
| Last Close Price | 85.35 | 55.77 | 59.32 | 57.75 | 65.87 | 50.22 |
| PE Ratio | 9.75 | 7.49 | 10.83 | 17.10 | 10.48 | 8.22 |
| PS Ratio | 3.50 | 2.49 | 3.04 | 3.53 | 3.81 | 3.17 |
| PB Ratio | 1.17 | 0.81 | 1.00 | 1.09 | 1.52 | 1.13 |
| P/FCF Ratio | 11.31 | 7.78 | 9.46 | 12.73 | 9.64 | 6.37 |
| P/OCF Ratio | 11.13 | 7.50 | 9.08 | 11.48 | 9.17 | 6.19 |
| Debt / Equity Ratio | 1.48 | 0.96 | 1.05 | 1.22 | 1.36 | 0.37 |
| Debt / FCF Ratio | 9.20 | 9.84 | 14.26 | 8.61 | 2.11 | |
| Net Debt / Equity Ratio | 1.36 | 0.83 | 0.86 | 0.97 | 1.11 | -0.51 |
| Net Debt / FCF Ratio | 7.93 | 8.07 | 11.31 | 7.06 | -2.89 | |
| Return on Equity (ROE) | 12.66% | 11.47% | 9.60% | 7.42% | 14.09% | 14.32% |
| Return on Assets (ROA) | 1.33% | 1.20% | 0.93% | 0.67% | 1.30% | 1.44% |
| Earnings Yield | 10.26% | 13.35% | 9.23% | 5.85% | 9.54% | 12.16% |
| FCF Yield | 8.84% | 12.86% | 10.57% | 7.85% | 10.37% | 15.70% |
| Dividend Yield | 2.33% | 3.47% | 3.08% | 2.99% | 2.47% | 3.08% |
| Payout Ratio | 22.57% | 26.11% | 33.44% | 47.74% | 26.11% | 25.36% |
| Buyback Yield / Dilution | -0.00% | 0.04% | -7.28% | -9.28% | 0.20% | -2.54% |
| Total Shareholder Return | 2.35% | 3.52% | -4.20% | -6.29% | 2.67% | 0.54% |