Citizens Financial Corp. (CIWV)

Citizens Financial Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	35.84	34.85	26.51	17.32	14.35	13.3
Interest Income on Investments	2.4	2.4	1.81	1.79	0.74	0.7
Total Interest Income	38.25	37.25	28.32	19.11	15.09	14.01
Interest Paid on Deposits	13.07	13.38	8.74	1.92	1.05	1.45
Interest Paid on Borrowings	2.24	2.24	1.68	0.77	0.17	0.21
Total Interest Expense	15.31	15.62	10.42	2.69	1.22	1.66
Net Interest Income	22.94	21.63	17.91	16.42	13.87	12.35
Net Interest Income Growth (YoY)	23.79%	20.80%	9.04%	18.41%	12.33%	46.29%
Trust Income	0.5	0.5	0.58	0.5	0.37	0.34
Gain (Loss) on Sale of Investments	-	-	-	-	-	0
Other Non-Interest Income	3.62	3.59	3.17	3	2.77	2.65
Total Non-Interest Income	4.38	4.34	4	3.6	3.64	3.98
Non-Interest Income Growth (YoY)	12.03%	8.60%	11.09%	-0.98%	-8.76%	89.67%
Revenues Before Loan Losses	27.32	25.98	21.91	20.02	17.51	16.33
Provision for Loan Losses	2.11	2.21	1.2	0.55	0.5	1.05
Revenue	25.21	23.77	20.71	19.47	17.01	15.28
Revenue Growth (YoY)	20.83%	14.75%	6.35%	14.51%	11.30%	48.48%
Salaries and Employee Benefits	7.67	7.67	7.09	5.9	5.41	5.22
Occupancy Expenses	0.68	0.68	0.58	0.55	0.52	0.49
Federal Deposit Insurance	0.48	0.48	0.32	0.3	0.09	0.08
Amortization of Goodwill & Intangibles	0.25	0.25	0.25	0.25	-	-
Selling, General & Administrative	3.18	3.18	2.75	2.49	2.45	2.22
Other Non-Interest Expense	2.09	1.86	1.77	1.58	1.13	1.15
Total Non-Interest Expense	14.47	14.24	12.91	11.24	9.71	9.87
EBT Excluding Unusual Items	10.74	9.52	7.8	8.23	7.29	5.41
Pretax Income	10.74	9.52	7.8	8.23	7.29	5.41
Income Tax Expense	2.31	1.98	1.56	1.69	1.5	1.1
Net Income	8.43	7.54	6.24	6.54	5.79	4.31
Net Income to Common	8.43	7.54	6.24	6.54	5.79	4.31
Net Income Growth	34.24%	20.86%	-4.55%	12.88%	34.40%	196.53%
Basic Shares Outstanding	2	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2	2
Shares Change (YoY)	-	0.34%	0.44%	-0.16%	-0.19%	-1.41%
EPS (Basic)	4.73	4.23	3.51	3.70	3.27	2.43
EPS (Diluted)	4.73	4.23	3.51	3.70	3.27	2.43
EPS Growth	-	20.46%	-4.98%	13.06%	34.66%	200.78%
Dividend Per Share	0.690	0.910	0.840	0.800	0.680	0.610
Dividend Growth	-19.77%	8.33%	5.00%	17.65%	11.47%	79.41%
Effective Tax Rate	21.52%	20.80%	19.98%	20.57%	20.59%	20.40%

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.