CZFS
Citizens Financial Services, Inc.61.47
+0.04+0.07%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
295.45MP/E (TTM)
8.66Basic EPS (TTM)
7.10Dividend Yield
0.03%Recent Filings
10-Q
Q3 FY2025 results
Citizens Financial Services posted solid Q3 FY2025 results, with net interest income climbing 17.9% year-over-year to $25.1M, fueled by lower funding costs after Federal Reserve rate cuts, while the net interest margin expanded to 3.60% from 3.09%. Earnings per share hit $2.09, up 33.1% from last year, supported by a modest $500K provision for credit losses versus a $200K recovery in Q3 2024; noninterest income edged up 2.6% to $3.9M on brokerage gains, though expenses rose slightly to $16.1M. Loans grew 1.0% to $2.34B, driven by commercial real estate, while deposits increased 1.2% to $2.41B and cash flow from operations reached $19.8M for the nine months. Balance sheet liquidity remains strong with $31.1M in cash equivalents and ample borrowing lines. Yet competition from fintechs and larger banks pressures deposit margins in key markets.
8-K
Q3 2025 earnings growth
Citizens Financial Services disclosed its third-quarter 2025 results via an investor presentation, showing net income of $26.1 million year-to-date and diluted EPS of $5.44. Assets grew 3% to $3.1 billion, loans expanded 4.2% to $2.3 billion, and deposits rose 5.17% to $2.4 billion, while net interest margin improved to 3.60% from 3.47%. Credit quality strengthened with nonperforming loans dropping to 0.88% of gross loans. Strong liquidity covers short-term needs.
8-K
Q3 net income surges 32.7%
Citizens Financial Services boosted Q3 2025 net income to $10.0 million, up 32.7% from $7.5 million last year, fueled by net interest income climbing 17.9% to $25.1 million on a widened 3.60% margin. Non-performing assets dropped 19.6% to $23.0 million since year-end, signaling cleaner books amid economic forecasts. Stronger returns hit 12.52% on equity. Yet deposit pressures persist.
10-Q
Q2 FY2025 results
Citizens Financial Services posted solid Q2 FY2025 results, with net interest income climbing 11.0% year-over-year to $23.6M, fueled by organic loan growth in commercial and agricultural segments while deposit costs eased amid Fed rate cuts. The provision for credit losses dropped sharply 62.5% to $0.8M, reflecting stabilized asset quality and fewer non-performing loans at 1.1% of total loans, driving net income up 60.4% to $8.5M or $1.76 diluted EPS—up from $1.10. Loans dipped 3.1% quarter-over-quarter to $2.24B due to seasonal student loan runoff, yet deposits held steady at $2.29B with ample liquidity from $49.5M in cash and $313.2M in borrowings. Cash flow from operations stayed robust at $16.9M. Non-GAAP metrics not disclosed in the 10-Q. Still, CRE concentrations expose the bank to regional economic swings.
8-K
Q2 net income surges 60%
Citizens Financial Services reported Q2 2025 net income of $8.5 million, up 60.4% from $5.3 million in Q2 2024, fueled by net interest income rising 11.0% to $23.6 million on a widened 3.47% margin and a slashed $1.3 million provision for credit losses. Year-to-date net income hit $16.1 million, boosting ROE to 10.88% from 7.40%, while non-performing assets climbed to 1.22% of loans from acquired HVB portfolios. Deposits dipped amid competition. Stronger margins offset rising delinquencies.
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