Citizens Bancorp (CZBC)

Citizens Bancorp 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	22.06	22.45	21.99	18.14	20.47	22.58
Interest Income on Investments	11.35	13.77	15.6	11.8	6.8	5.28
Total Interest Income	33.41	36.22	37.59	29.94	27.27	27.86
Interest Paid on Deposits	2.89	2.91	1.84	0.42	0.41	0.48
Interest Paid on Borrowings	3.16	5.4	5.44	0.05	0.06	0.06
Total Interest Expense	6.05	8.3	7.28	0.46	0.46	0.54
Net Interest Income	27.36	27.91	30.3	29.48	26.81	27.32
Net Interest Income Growth (YoY)	-7.11%	-7.89%	2.80%	9.97%	-1.89%	-9.71%
Mortgage Banking Activities	-	-	-	0.05	0.25	0.35
Other Non-Interest Income	2	2.02	2.12	2.44	2.32	2.14
Total Non-Interest Income	2.55	2.58	2.68	3.04	3.1	3.09
Non-Interest Income Growth (YoY)	-8.55%	-3.99%	-11.69%	-1.94%	0.39%	-0.10%
Revenues Before Loan Losses	29.91	30.49	32.99	32.52	29.9	30.41
Provision for Loan Losses	0.12	0.48	0.01	-2.55	-4.5	6.86
Revenue	29.79	30.01	32.98	35.07	34.4	23.55
Revenue Growth (YoY)	-7.09%	-8.99%	-5.96%	1.92%	46.10%	-28.04%
Salaries and Employee Benefits	18.25	18.19	17.51	16.03	14.15	12.52
Federal Deposit Insurance	0.44	0.44	0.44	0.3	0.28	0.14
Selling, General & Administrative	4.05	4	3.77	4.12	3.88	3.69
Other Non-Interest Expense	3.15	3.23	3.33	2.48	2.45	2.05
Total Non-Interest Expense	25.97	25.85	25.05	22.93	20.76	18.4
EBT Excluding Unusual Items	3.83	4.16	7.93	12.14	13.64	5.15
Pretax Income	3.83	4.16	7.93	12.14	13.64	5.15
Income Tax Expense	0.7	0.79	1.78	3.04	3.33	1.05
Net Income	3.13	3.37	6.15	9.1	10.32	4.1
Preferred Dividends & Other Adjustments	0.2	0.2	0.36	0.52	0.6	0.25
Net Income to Common	2.93	3.17	5.79	8.58	9.72	3.85
Net Income Growth	-39.32%	-45.19%	-32.39%	-11.76%	151.46%	-60.90%
Basic Shares Outstanding	6	6	6	6	6	6
Diluted Shares Outstanding	6	6	6	6	6	6
Shares Change (YoY)	-0.10%	-0.45%	-0.31%	0.55%	0.49%	1.28%
EPS (Basic)	0.52	0.57	1.03	1.52	1.73	0.69
EPS (Diluted)	0.52	0.57	1.03	1.52	1.73	0.69
EPS Growth	-38.87%	-44.98%	-32.26%	-12.19%	151.12%	-61.17%
Dividend Per Share	-	0.320	0.350	0.420	0.550	0.360
Dividend Growth	-	-8.57%	-16.67%	-23.64%	52.78%	-40.00%
Effective Tax Rate	18.27%	18.92%	22.39%	25.02%	24.40%	20.35%

Updated Mar 19, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.