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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	143.11	142.69	116.08	74.27	66.37	63.54
Interest Income on Investments	12.29	11.63	11.04	9.09	6.85	6.76
Total Interest Income	155.4	154.32	127.12	83.36	73.22	70.3
Interest Paid on Deposits	52.3	52.33	31.7	7.32	5.84	6.85
Interest Paid on Borrowings	14.6	15.54	15.16	3.91	1.27	1.25
Total Interest Expense	66.9	67.86	46.86	11.22	7.11	8.11
Net Interest Income	88.5	86.46	80.26	72.13	66.11	62.19
Net Interest Income Growth (YoY)	6.45%	7.72%	11.27%	9.11%	6.30%	24.53%
Trust Income	0.8	0.82	0.76	0.8	0.87	0.8
Gain (Loss) on Sale of Assets	-	1.1	-	-	-	-
Gain (Loss) on Sale of Investments	0.08	0.15	-0.2	-0.37	0.44	0.16
Other Non-Interest Income	10.81	11.02	9.58	8.94	8.45	8.19
Total Non-Interest Income	13.86	15.4	11.61	9.63	11.04	11.31
Non-Interest Income Growth (YoY)	-3.78%	32.71%	20.51%	-12.79%	-2.40%	36.68%
Revenues Before Loan Losses	102.36	101.86	91.87	81.76	77.15	73.51
Provision for Loan Losses	2.43	2.59	5.53	1.68	1.55	2.4
Revenue	99.93	99.27	86.34	80.08	75.6	71.11
Revenue Growth (YoY)	9.54%	14.98%	7.81%	5.92%	6.33%	25.75%
Salaries and Employee Benefits	38.93	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	1.92	2	1.48	0.68	0.52	0.48
Amortization of Goodwill & Intangibles	0.54	0.56	0.37	0.16	0.19	0.22
Selling, General & Administrative	8	8.21	6.45	4.78	4.72	4.52
Other Non-Interest Expense	12.82	12.86	9.86	8.82	8.06	7.24
Total Non-Interest Expense	65.37	65.59	55.55	44.29	41.44	38.56
EBT Excluding Unusual Items	34.56	33.68	30.78	35.79	34.16	32.55
Pretax Income	34.56	33.68	21.52	35.5	35.32	30.37
Income Tax Expense	6.14	5.87	3.7	6.44	6.2	5.26
Net Income	28.42	27.82	17.81	29.06	29.12	25.1
Net Income to Common	28.42	27.82	17.81	29.06	29.12	25.1
Net Income Growth	58.14%	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)	3.34%	7.36%	9.21%	-0.20%	2.54%	6.85%
EPS (Basic)	5.98	5.86	4.02	7.17	7.17	6.34
EPS (Diluted)	5.97	5.85	4.02	7.17	7.17	6.33
EPS Growth	53.07%	45.52%	-43.90%	-0.00%	13.15%	20.60%
Dividend Per Share	1.960	1.950	1.920	1.861	1.812	1.744
Dividend Growth	1.50%	1.56%	3.17%	2.71%	3.88%	3.45%
Effective Tax Rate	17.78%	17.41%	17.22%	18.13%	17.55%	17.33%

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

SEC Filings: 10-K · 10-Q