C
CITIZENS FINANCIAL SERVICES INC
Period
FY 2025
Revenue
—
Net Income
$36.57M
Total Assets
$3.06B
Equity
$338.05M
Shares Out
4.80M
Op. Cash Flow
$36.53M
Business
Citizens Financial Services, Inc. is a bank holding company that owns First Citizens Community Bank, a full-service community bank providing deposit accounts, residential and commercial real estate loans, commercial and industrial loans, consumer loans, and trust and investment services. The Bank operates offices across north central Pennsylvania, southern New York, and south-central Pennsylvania, with recent acquisitions expanding its geographic footprint.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans | 144 | 143 | 116 | 74 | 66 | |
| Interest-bearing deposits with banks | 502,000 | 851,000 | 736,000 | 400,000 | 447,000 | |
| Taxable | 10 | 7 | 7 | 6 | 4 | |
| Nontaxable | 3 | 2 | 2 | 2 | 2 | |
| Dividends | 2 | 2 | 1 | 623,000 | 378,000 | |
| TOTAL INTEREST AND DIVIDEND INCOME | 159 | 154 | 127 | 83 | 73 | |
| Deposits | 47 | 52 | 32 | 7 | 6 | |
| Borrowed funds | 14 | 16 | 15 | 4 | 1 | |
| TOTAL INTEREST EXPENSE | 61 | 68 | 47 | 11 | — | |
| NET INTEREST INCOME | 98 | 86 | 80 | 72 | 66 | |
| Provision for credit losses | 2 | 3 | 937,000 | 2 | 2 | |
| Provision for credit losses - acquisition day 1 non-PCD | — | 0 | 5 | 0 | 0 | |
| NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 96 | 84 | 75 | 70 | 65 | |
| Service charges | 6 | 6 | 6 | 5 | 5 | |
| Trust | 792,000 | 816,000 | 764,000 | 803,000 | 865,000 | |
| Brokerage and insurance | 3 | 2 | 2 | 2 | 2 | |
| Equity security gains (losses), net | 67,000 | 145,000 | −144,000 | −247,000 | — | |
| Available for sale security losses, net | 0 | 0 | −51,000 | −14,000 | 212,000 | |
| Gains on loans sold | 2 | 2 | 1 | 258,000 | 1 | |
| Earnings on bank owned life insurance | 1 | 2 | 1 | 852,000 | 2 | |
| Gain on sale of Braavo division | 0 | 1 | 0 | 0 | — | |
| Other | 2 | 1 | 767,000 | 845,000 | 1 | |
| TOTAL NON-INTEREST INCOME | 14 | 15 | 12 | 10 | 12 | |
| Salaries and employee benefits | 39 | 39 | 35 | 28 | 26 | |
| Occupancy | 5 | 5 | 4 | 3 | 3 | |
| Furniture and equipment | 1 | 1 | 822,000 | 565,000 | 519,000 | |
| Professional fees | 2 | 3 | 2 | 2 | 2 | |
| Federal depository insurance | 2 | 2 | 1 | 676,000 | 522,000 | |
| Pennsylvania shares tax | 739,000 | 1 | 583,000 | 907,000 | 880,000 | |
| Amortization of intangibles | 478,000 | 564,000 | 373,000 | 156,000 | 192,000 | |
| Merger and acquisition | 0 | 0 | 9 | 292,000 | 0 | |
| ORE expenses | 267,000 | 212,000 | 166,000 | 17,000 | — | |
| Software expenses | 2 | 2 | 2 | 1 | 1 | |
| Other | 11 | 12 | 9 | 8 | 7 | |
| TOTAL NON-INTEREST EXPENSES | 65 | 65 | 65 | 45 | 42 | |
| Income before provision for income taxes | 45 | 34 | 22 | 35 | 35 | |
| Provision for income taxes | 9 | 6 | 4 | 6 | 6 | |
| NET INCOME | 37 | 28 | 18 | 29 | 29 | |
| EARNINGS PER SHARE - BASIC (in Dollars per share) | 7.62 | 5.8 | 3.98 | 7.17 | 7.24 | |
| EARNINGS PER SHARE DILUTED (in Dollars per share) | 7.62 | 5.79 | 3.98 | 7.17 | 7.24 | |
| Number of shares used in computation - basic (in Shares) | 5 | 5 | 4 | 4 | 4 | |
| Number of shares used in computation - diluted (in Shares) | 5 | 5 | 4 | 4 | 4 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Noninterest-bearing | 24 | 30 | 38 | 25 | 14 | |
| Interest-bearing | 10 | 12 | 15 | 1 | 159 | |
| Total cash and cash equivalents | 34 | 42 | 53 | 26 | 173 | |
| Interest bearing time deposits with other banks | 4 | 4 | 4 | 6 | 11 | |
| Equity securities | 2 | 2 | 2 | 2 | 2 | |
| Available-for-sale securities | 445 | 426 | 418 | 440 | 412 | |
| Loans held for sale | 9 | 10 | 9 | 725,000 | 5 | |
| Loans (net of allowance for credit losses: $ 2025, 22,806; 2024, $21,699) | 2,328 | 2,292 | 2,228 | 1,706 | — | |
| Premises and equipment | 21 | 21 | 21 | 18 | 17 | |
| Accrued interest receivable | 11 | 10 | 11 | 7 | 5 | |
| Goodwill | 86 | 86 | 86 | 31 | 31 | |
| Bank owned life insurance | 52 | 50 | 50 | 39 | 39 | |
| Other intangibles | 2 | 3 | 4 | 1 | 2 | |
| Fair value of derivative instruments - asset | 7 | 10 | 14 | 17 | 4 | |
| Deferred tax asset | 11 | 15 | 17 | 13 | 4 | |
| Other assets | 53 | 55 | 59 | 26 | 15 | |
| TOTAL ASSETS | 3,065 | 3,026 | 2,975 | 2,333 | 2,144 | |
| Noninterest-bearing | 517 | 533 | 524 | 396 | 358 | |
| Interest-bearing | 1,860 | 1,849 | 1,798 | 1,448 | 1,478 | |
| Total deposits | 2,377 | 2,382 | 2,321 | 1,844 | 1,836 | |
| Borrowed funds | 309 | 298 | 322 | 257 | 74 | |
| Accrued interest payable | 3 | 5 | 4 | 1 | 711,000 | |
| Fair value of derivative instruments - liability | 4 | 6 | 8 | 10 | 2 | |
| Other liabilities | 33 | 36 | 40 | 21 | 18 | |
| TOTAL LIABILITIES | 2,727 | 2,726 | 2,696 | 2,133 | 1,931 | |
| Preferred Stock $1.00 par value; authorized 3,000,000 shares 2025 and 2024; none issued in 2025 or 2024 | 0 | 0 | 0 | 0 | 0 | |
| Common Stock $1.00 par value; authorized 25,000,000 shares 2025 and 2024; issued 5,255,807 and 5,207,577 share in 2025 and 2024, respectively | 5 | 5 | 5 | 4 | 4 | |
| Additional paid-in capital | 148 | 145 | 143 | 81 | 78 | |
| Retained earnings | 214 | 189 | 173 | 165 | 146 | |
| Accumulated other comprehensive loss | −12 | −24 | −25 | −33 | −155,000 | |
| Treasury stock, at cost: 448,727 and 447,965 shares for 2025 and 2024, respectively | −16 | −16 | −17 | −17 | −16 | |
| TOTAL STOCKHOLDERS EQUITY | 338 | 300 | 280 | 200 | 212 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 3,065 | 3,026 | 2,975 | 2,333 | 2,144 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Provision for credit losses | 2 | 3 | 6 | 2 | 2 | |
| Depreciation and amortization | 2 | 2 | 2 | 1 | 1 | |
| Amortization and accretion of loans and other assets | −4 | −3 | −3 | −2 | −5 | |
| Amortization and accretion on investment securities | 618,000 | 1 | 2 | 2 | 2 | |
| Deferred income taxes | 797,000 | 2 | 595,000 | −36,000 | 689,000 | |
| Equity security (gains) losses, net | −67,000 | −145,000 | 144,000 | 247,000 | −339,000 | |
| Stock awards | 625,000 | 412,000 | 309,000 | 336,000 | 614,000 | |
| Originations of loans held for sale | −154 | −155 | −87 | −10 | −45 | |
| Proceeds from sales of loans held for sale | 156 | 157 | 91 | 14 | 56 | |
| (Increase) decrease in accrued interest receivable | −391,000 | 736,000 | −1 | −2 | 764,000 | |
| Increase (decrease) in accrued interest payable | −2 | 395,000 | 2 | 521,000 | −306,000 | |
| Other, net | 568,000 | 3 | 668,000 | −330,000 | 180,000 | |
| Net cash provided by operating activities | 37 | 33 | 27 | 33 | 39 | |
| Proceeds from sales of available-for-sale securities | 0 | 0 | 87 | 7 | 29 | |
| Proceeds from maturity and principal repayments of securities | 79 | 63 | 27 | 34 | 56 | |
| Purchase of securities | −82 | −70 | −10 | −118 | −211 | |
| Proceeds from sale of equity securities | 0 | 335,000 | 127,000 | 33,000 | 0 | |
| Proceeds from redemption of Regulatory Stock | 34 | 28 | 25 | 8 | 5 | |
| Purchase of Regulatory Stock | −36 | −28 | −29 | −15 | −4 | |
| Net increase in loans | −33 | −70 | −44 | −281 | −32 | |
| Purchase of interest bearing time deposits | 0 | −100,000 | −100,000 | −4 | 0 | |
| Proceeds from matured interest bearing time deposits with other banks | 0 | 350,000 | 2 | 6 | 3 | |
| Purchase of premises, equipment and software | −1 | −1 | −3 | −2 | −1 | |
| Proceeds from sale of premises and equipment | 12,000 | 0 | 0 | 0 | 0 | |
| Proceeds from bank owned life insurance | 272,000 | 1 | 1 | 0 | 4 | |
| Investments in low income housing partnerships | 0 | 0 | −1 | −1 | 0 | |
| Proceeds from sale of foreclosed assets held for sale | 238,000 | 567,000 | 335,000 | 1 | 2 | |
| Proceeds from sale of Braavo assets | 0 | 7 | 0 | — | — | |
| Acquisition, net of cash paid | 0 | 0 | 5 | 0 | 0 | |
| Net cash (used in) provided by investing activities | −40 | −69 | 59 | −362 | −158 | |
| Net (decrease) increase in deposits | −5 | 61 | −56 | 8 | 247 | |
| Proceeds from long-term borrowings | 0 | 0 | 40 | 0 | 10 | |
| Repayments of long-term borrowings | −42 | −35 | 0 | −5 | −27 | |
| Net increase (decrease) in short-term borrowed funds | 53 | 9 | −35 | 188 | 2 | |
| Purchase of treasury stock | −358,000 | −202,000 | −265,000 | −1 | −1 | |
| Purchase of restricted stock | −187,000 | −64,000 | 0 | 0 | — | |
| Sale of treasury stock | 0 | 0 | 34,000 | 112,000 | 0 | |
| Issuance of common stock for employee stock purchase plan | 68,000 | 16,000 | 0 | 0 | — | |
| Dividends paid | −10 | −9 | −9 | −8 | −7 | |
| Net cash (used in) provided by financing activities | −4 | 25 | −59 | 183 | 224 | |
| Net (decrease) increase in cash and cash equivalents | −8 | −11 | 27 | −147 | 104 | |
| Interest paid | 63 | 67 | 45 | 11 | 7 | |
| Income taxes paid | 7 | 3 | 5 | 7 | 6 | |
| Stock dividend | 3 | 2 | 3 | 3 | 2 | |
| Real estate acquired in settlement of loans | 40,000 | 3 | 147,000 | 61,000 | 906,000 | |
| Investments matured and not settled included in other assets | 0 | 0 | 8 | 0 | 0 | |
| Investments in low income housing included in other assets and liabilities | 0 | 0 | 7 | 0 | 0 | |
| Right of use asset and liability | 2 | 306,000 | 28,000 | 2 | 2 | |
| CECL adjustment | 0 | 0 | 3 | 0 | 0 |
Filings
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Frequently asked questions
What is CITIZENS FINANCIAL SERVICES INC's CIK number?
CITIZENS FINANCIAL SERVICES INC's SEC CIK number is 0000739421 (739421). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CITIZENS FINANCIAL SERVICES INC's SEC filings?
All of CITIZENS FINANCIAL SERVICES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CITIZENS FINANCIAL SERVICES INC last report earnings?
CITIZENS FINANCIAL SERVICES INC (CZFS) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000739421-26-000027). This is CITIZENS FINANCIAL SERVICES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is CITIZENS FINANCIAL SERVICES INC's most recent earnings 8-K?
CITIZENS FINANCIAL SERVICES INC's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0000739421-26-000027. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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