Citizens Bancshares Corporation (CITZ)

Citizens Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023
Period Ending	Dec 31, 2024	Dec 31, 2023
Interest Income on Loans	34.82	30.62
Interest Income on Investments	14.75	15.08
Total Interest Income	49.57	45.71
Interest Paid on Deposits	12.82	8.11
Interest Paid on Borrowings	1.19	1.37
Total Interest Expense	14.01	9.48
Net Interest Income	35.56	36.23
Net Interest Income Growth (YoY)	-1.84%	-
Gain (Loss) on Sale of Investments	-	-0.02
Other Non-Interest Income	1.56	1.57
Total Non-Interest Income	7.51	7.28
Non-Interest Income Growth (YoY)	3.05%	-
Revenues Before Loan Losses	43.07	43.51
Provision for Loan Losses	0.19	0.35
Revenue	42.88	43.16
Revenue Growth (YoY)	-0.64%	-
Salaries and Employee Benefits	15.53	14.84
Occupancy Expenses	2.57	2.66
Federal Deposit Insurance	0.49	0.53
Selling, General & Administrative	1.87	1.65
Other Non-Interest Expense	9.15	9.25
Total Non-Interest Expense	29.64	29.04
EBT Excluding Unusual Items	13.24	14.12
Asset Writedown	-0.28	-
Pretax Income	12.96	14.07
Income Tax Expense	2.7	2.91
Net Income	10.26	11.17
Net Income to Common	10.26	11.17
Net Income Growth	-8.16%	-
Basic Shares Outstanding	2	2
Diluted Shares Outstanding	2	2
Shares Change (YoY)	-0.14%	-
EPS (Basic)	5.21	5.67
EPS (Diluted)	5.03	5.47
EPS Growth	-8.04%	-
Dividend Per Share	0.420	0.400
Dividend Growth	5.00%	-
Effective Tax Rate	20.85%	20.65%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.