Citizens Financial Services, Inc. (CZFS)

CZFS 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	143.83	142.69	116.08	74.27	66.37	63.54
Interest Income on Investments	13.98	11.63	11.04	9.09	6.85	6.76
Total Interest Income	157.81	154.32	127.12	83.36	73.22	70.3
Interest Paid on Deposits	49.12	52.33	31.7	7.32	5.84	6.85
Interest Paid on Borrowings	14.03	15.54	15.16	3.91	1.27	1.25
Total Interest Expense	63.15	67.86	46.86	11.22	7.11	8.11
Net Interest Income	94.66	86.46	80.26	72.13	66.11	62.19
Net Interest Income Growth (YoY)	10.80%	7.72%	11.27%	9.11%	6.30%	24.53%
Trust Income	0.78	0.82	0.76	0.8	0.87	0.8
Gain (Loss) on Sale of Assets	-	1.1	-	-	-	-
Gain (Loss) on Sale of Investments	0.07	0.15	-0.2	-0.37	0.44	0.16
Other Non-Interest Income	11.04	11.02	9.58	8.94	8.45	8.19
Total Non-Interest Income	14.29	15.4	11.61	9.63	11.04	11.31
Non-Interest Income Growth (YoY)	-8.14%	32.71%	20.51%	-12.79%	-2.40%	36.68%
Revenues Before Loan Losses	108.95	101.86	91.87	81.76	77.15	73.51
Provision for Loan Losses	1.88	2.59	5.53	1.68	1.55	2.4
Revenue	107.07	99.27	86.34	80.08	75.6	71.11
Revenue Growth (YoY)	9.04%	14.98%	7.81%	5.92%	6.33%	25.75%
Salaries and Employee Benefits	39.5	38.94	34.68	27.5	25.29	23.72
Occupancy Expenses	2.81	2.81	2.55	2.35	2.23	1.94
Federal Deposit Insurance	1.75	2	1.48	0.68	0.52	0.48
Amortization of Goodwill & Intangibles	0.5	0.56	0.37	0.16	0.19	0.22
Selling, General & Administrative	7.67	8.21	6.45	4.78	4.72	4.52
Other Non-Interest Expense	12.98	12.86	9.86	8.82	8.06	7.24
Total Non-Interest Expense	65.38	65.59	55.55	44.29	41.44	38.56
EBT Excluding Unusual Items	41.7	33.68	30.78	35.79	34.16	32.55
Pretax Income	41.7	33.68	21.52	35.5	35.32	30.37
Income Tax Expense	7.62	5.87	3.7	6.44	6.2	5.26
Net Income	34.07	27.82	17.81	29.06	29.12	25.1
Net Income to Common	34.07	27.82	17.81	29.06	29.12	25.1
Net Income Growth	24.46%	56.18%	-38.71%	-0.20%	15.99%	28.80%
Basic Shares Outstanding	5	5	4	4	4	4
Diluted Shares Outstanding	5	5	4	4	4	4
Shares Change (YoY)	0.07%	7.36%	9.21%	-0.20%	2.54%	6.85%
EPS (Basic)	7.10	5.80	3.98	7.09	7.09	6.27
EPS (Diluted)	7.10	5.79	3.98	7.09	7.09	6.27
EPS Growth	24.65%	45.52%	-43.90%	-0.00%	13.15%	20.60%
Dividend Per Share	1.965	1.931	1.901	1.843	1.794	1.727
Dividend Growth	1.96%	1.56%	3.17%	2.71%	3.88%	3.45%
Effective Tax Rate	18.29%	17.41%	17.22%	18.13%	17.55%	17.33%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q