Citizens Financial Services (CZFS) Financials

$59.05 -3.49 (-5.58%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$59.36 +0.31 (+0.53%)

As of 05/23/2025 04:05 PM Eastern

Annual Income Statements for Citizens Financial Services

This table shows Citizens Financial Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	28	18	29
Consolidated Net Income / (Loss)	28	18	29
Net Income / (Loss) Continuing Operations	28	18	29
Total Pre-Tax Income	34	22	35
Total Revenue	102	92	82
Net Interest Income / (Expense)	86	80	72
Total Interest Income	154	127	83
Loans and Leases Interest Income	143	116	74
Investment Securities Interest Income	11	10	8.69
Deposits and Money Market Investments Interest Income	0.85	0.74	0.40
Total Interest Expense	68	47	11
Deposits Interest Expense	52	32	7.32
Long-Term Debt Interest Expense	16	15	3.91
Total Non-Interest Income	15	12	9.74
Trust Fees by Commissions	0.82	0.76	0.80
Service Charges on Deposit Accounts	5.75	5.64	5.35
Other Service Charges	1.21	0.77	0.85
Net Realized & Unrealized Capital Gains on Investments	3.42	1.26	-0.00
Investment Banking Income	2.38	1.92	1.90
Other Non-Interest Income	1.68	1.25	0.85
Provision for Credit Losses	2.59	5.53	1.68
Total Non-Interest Expense	66	65	45
Salaries and Employee Benefits	39	35	28
Net Occupancy & Equipment Expense	6.05	4.95	3.70
Property & Liability Insurance Claims	2.00	1.48	0.68
Other Operating Expenses	18	14	12
Amortization Expense	0.56	0.37	0.16
Restructuring Charge	0.00	9.27	0.29
Other Special Charges	-0.15	-	-
Income Tax Expense	5.87	3.70	6.44
Basic Earnings per Share	$5.86	$4.02	$7.17
Weighted Average Basic Shares Outstanding	4.75M	4.43M	4.06M
Diluted Earnings per Share	$5.85	$4.02	$7.17
Weighted Average Diluted Shares Outstanding	4.76M	4.43M	4.06M
Weighted Average Basic & Diluted Shares Outstanding	4.76M	4.71M	3.97M
Cash Dividends to Common per Share	$1.95	$1.92	$1.86

This table shows Citizens Financial Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	7.98	7.54	5.28	7.02	7.54	7.55	-4.14	6.87	7.88	7.54
Consolidated Net Income / (Loss)	7.98	7.54	5.28	7.02	7.54	7.55	-4.14	6.87	7.88	7.54
Net Income / (Loss) Continuing Operations	7.98	7.54	5.28	7.02	7.54	7.55	-4.14	6.87	7.88	7.54
Total Pre-Tax Income	9.54	9.25	6.39	8.50	9.22	9.15	-5.33	8.48	9.70	9.20
Total Revenue	26	25	25	26	25	26	20	20	22	22
Net Interest Income / (Expense)	23	21	21	21	22	22	18	18	19	19
Total Interest Income	40	39	38	38	39	37	27	25	24	22
Loans and Leases Interest Income	37	36	35	35	36	34	24	23	22	19
Investment Securities Interest Income	3.01	2.64	2.57	2.56	2.60	2.65	2.57	2.49	2.46	2.33
Deposits and Money Market Investments Interest Income	0.16	0.19	0.26	0.24	0.27	0.26	0.13	0.07	0.07	0.06
Total Interest Expense	17	17	17	17	17	14	8.89	7.03	5.06	2.94
Deposits Interest Expense	14	13	13	12	12	10	5.48	3.94	2.85	1.84
Long-Term Debt Interest Expense	3.05	3.89	3.95	4.65	4.48	4.19	3.41	3.09	2.21	1.10
Total Non-Interest Income	3.34	3.76	3.34	4.97	3.49	3.66	2.28	2.17	2.31	2.69
Trust Fees by Commissions	0.19	0.18	0.20	0.24	0.18	0.17	0.18	0.23	0.18	0.19
Service Charges on Deposit Accounts	1.36	1.64	1.39	1.37	1.44	1.69	1.29	1.21	1.27	1.51
Other Service Charges	0.15	0.14	0.47	0.45	0.20	0.31	0.09	0.17	0.22	0.26
Net Realized & Unrealized Capital Gains on Investments	0.54	0.91	0.39	1.57	0.86	0.53	0.04	-0.17	-0.06	0.09
Investment Banking Income	0.61	0.55	0.56	0.67	0.50	0.47	0.44	0.51	0.47	0.45
Other Non-Interest Income	0.35	0.34	0.33	0.67	0.31	0.49	0.23	0.22	0.22	0.22
Total Non-Interest Expense	17	16	16	17	16	16	21	12	12	12
Salaries and Employee Benefits	9.73	9.72	9.62	10	9.39	10	7.92	7.68	6.87	6.93
Net Occupancy & Equipment Expense	1.46	1.48	1.56	1.56	1.51	1.48	0.98	0.99	0.96	0.90
Property & Liability Insurance Claims	0.41	0.56	0.51	0.53	0.48	0.38	0.33	0.30	0.24	0.16
Other Operating Expenses	4.95	4.15	4.41	4.12	4.39	3.81	3.03	2.54	3.25	3.58
Amortization Expense	0.13	0.14	0.15	0.15	0.15	0.16	0.03	0.03	0.04	0.04
Income Tax Expense	1.56	1.71	1.11	1.48	1.68	1.60	-1.19	1.61	1.83	1.66
Basic Earnings per Share	$1.67	$1.59	$1.11	$1.49	$1.72	$1.59	($1.00)	$1.71	$1.88	$1.88
Weighted Average Basic Shares Outstanding	4.75M	4.75M	4.75M	4.70M	4.43M	4.75M	4.16M	4.01M	4.06M	4.01M
Diluted Earnings per Share	$1.66	$1.59	$1.11	$1.49	$1.72	$1.59	($1.00)	$1.71	$1.88	$1.88
Weighted Average Diluted Shares Outstanding	4.76M	4.75M	4.75M	4.70M	4.43M	4.75M	4.16M	4.01M	4.06M	4.01M
Weighted Average Basic & Diluted Shares Outstanding	4.76M	4.76M	4.76M	4.71M	4.71M	4.71M	4.70M	3.97M	3.97M	3.97M
Cash Dividends to Common per Share	$0.49	$0.49	$0.49	$0.49	$0.48	$0.49	$0.48	$0.48	$0.45	$0.48

This table details how cash moves in and out of Citizens Financial Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-11	27	-147
Net Cash From Operating Activities	33	27	33
Net Cash From Continuing Operating Activities	33	27	33
Net Income / (Loss) Continuing Operations	28	18	29
Consolidated Net Income / (Loss)	28	18	29
Provision For Loan Losses	2.59	5.53	1.68
Depreciation Expense	1.81	1.52	1.03
Amortization Expense	-1.81	-1.54	-0.06
Non-Cash Adjustments to Reconcile Net Income	1.65	2.52	3.10
Changes in Operating Assets and Liabilities, net	1.13	0.70	-1.58
Net Cash From Investing Activities	-69	59	-362
Net Cash From Continuing Investing Activities	-69	59	-362
Purchase of Investment Securities	-170	-81	-420
Sale and/or Maturity of Investments	101	142	59
Other Investing Activities, net	0.00	-1.47	-1.12
Net Cash From Financing Activities	25	-59	183
Net Cash From Continuing Financing Activities	25	-59	183
Net Change in Deposits	61	-56	8.06
Issuance of Debt	0.00	40	0.00
Issuance of Common Equity	0.02	0.03	0.11
Repayment of Debt	-26	-35	183
Repurchase of Common Equity	-0.27	-0.27	-1.28
Payment of Dividends	-9.30	-8.50	-7.59
Cash Interest Paid	67	45	11
Cash Income Taxes Paid	2.50	5.10	6.60

This table details how cash moves in and out of Citizens Financial Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	5.44	-1.67	8.81	-23	9.48	-1.37	19	-0.04	3.06	2.48
Net Cash From Operating Activities	10	6.22	3.02	13	16	7.43	-7.51	10	8.90	9.27
Net Cash From Continuing Operating Activities	10	6.22	3.02	13	16	7.43	-7.51	10	8.90	9.27
Net Income / (Loss) Continuing Operations	7.98	7.54	5.28	7.02	7.54	7.55	-4.14	6.87	7.88	7.54
Consolidated Net Income / (Loss)	7.98	7.54	5.28	7.02	7.54	7.55	-4.14	6.87	7.88	7.54
Depreciation Expense	0.43	0.42	0.46	0.50	0.50	0.49	0.27	0.26	0.26	0.25
Amortization Expense	0.23	-0.56	-0.89	-0.59	-0.34	-1.20	0.10	-0.10	-0.14	0.12
Non-Cash Adjustments to Reconcile Net Income	2.20	-1.02	-5.00	5.47	7.46	0.68	-8.30	2.68	1.13	0.93
Changes in Operating Assets and Liabilities, net	-0.36	0.05	1.17	0.27	0.86	-0.57	-0.28	0.69	-0.48	-0.31
Net Cash From Investing Activities	-0.18	-79	-13	23	3.68	-73	123	5.22	22	-143
Net Cash From Continuing Investing Activities	-0.18	-79	-13	23	3.68	-73	123	5.22	22	-143
Purchase of Investment Securities	-25	-103	-26	-16	-9.22	-92	26	-6.11	10	-160
Sale and/or Maturity of Investments	24	24	13	39	14	19	98	11	12	17
Net Cash From Financing Activities	-4.87	71	19	-60	-10	64	-97	-16	-28	137
Net Cash From Continuing Financing Activities	-4.87	71	19	-60	-10	64	-97	-16	-28	137
Net Change in Deposits	-68	177	-30	-19	-14	69	-67	-45	-25	-10
Issuance of Common Equity	0.02	-	-	-	0.01	-	-	-	-	0.04
Repayment of Debt	66	-103	51	-39	-14	-2.38	-49	31	-1.65	148
Repurchase of Common Equity	-0.06	-0.12	-0.04	-0.05	-0.00	-0.26	-	0.00	-	-
Payment of Dividends	-2.33	-2.33	-2.33	-2.31	-2.31	-2.31	-1.97	-1.93	-1.91	-1.91
Cash Interest Paid	18	17	15	17	16	14	8.40	6.49	4.75	2.58
Cash Income Taxes Paid	1.00	0.75	0.75	0.00	0.50	1.00	3.60	0.00	2.00	1.00

This table presents Citizens Financial Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	3,026	2,975	2,333
Cash and Due from Banks	30	38	25
Interest Bearing Deposits at Other Banks	12	15	1.40
Time Deposits Placed and Other Short-Term Investments	3.82	4.07	6.06
Trading Account Securities	438	433	458
Loans and Leases, Net of Allowance	0.00	0.00	0.00
Loans Held for Sale	9.61	9.38	0.73
Premises and Equipment, Net	21	21	18
Goodwill	86	86	31
Intangible Assets	2.89	3.65	1.27
Other Assets	2,422	2,365	1,792
Total Liabilities & Shareholders' Equity	3,026	2,975	2,333
Total Liabilities	2,726	2,696	2,133
Non-Interest Bearing Deposits	533	524	396
Interest Bearing Deposits	1,849	1,798	1,448
Accrued Interest Payable	4.69	4.30	1.23
Long-Term Debt	298	322	257
Other Long-Term Liabilities	42	48	31
Total Equity & Noncontrolling Interests	300	280	200
Total Preferred & Common Equity	300	280	200
Preferred Stock	0.00	0.00	0.00
Total Common Equity	300	280	200
Common Stock	150	148	85
Retained Earnings	189	173	165
Treasury Stock	-16	-17	-17
Accumulated Other Comprehensive Income / (Loss)	-24	-25	-33

This table presents Citizens Financial Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,026	2,948	2,921	2,959	2,892	2,335	2,350
Cash and Due from Banks	27	22	14	25	29	24	22
Interest Bearing Deposits at Other Banks	9.98	16	16	18	16	1.92	1.63
Time Deposits Placed and Other Short-Term Investments	3.82	3.82	3.82	4.57	4.81	6.06	6.06
Trading Account Securities	430	417	421	438	453	460	465
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Loans Held for Sale	14	14	8.35	14	15	0.67	1,721
Premises and Equipment, Net	21	21	21	21	21	18	17
Goodwill	86	86	86	85	85	31	31
Intangible Assets	3.08	3.24	3.45	3.87	4.07	1.18	1.37
Other Assets	2,432	2,364	2,348	2,349	2,265	1,793	84
Total Liabilities & Shareholders' Equity	3,026	2,948	2,921	2,959	2,892	2,335	2,350
Total Liabilities	2,728	2,661	2,638	2,697	2,629	2,122	2,158
Non-Interest Bearing Deposits	548	502	524	542	553	370	381
Interest Bearing Deposits	1,902	1,771	1,779	1,793	1,713	1,430	1,487
Accrued Interest Payable	5.55	5.48	4.12	2.73	2.26	1.77	0.92
Long-Term Debt	232	335	284	316	318	288	259
Other Long-Term Liabilities	40	48	48	43	42	33	30
Total Equity & Noncontrolling Interests	299	286	283	263	263	213	191
Total Preferred & Common Equity	299	286	283	263	263	213	191
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	299	286	283	263	263	213	191
Common Stock	150	150	148	148	149	85	85
Retained Earnings	184	179	178	168	162	172	159
Treasury Stock	-16	-16	-17	-17	-17	-17	-17
Accumulated Other Comprehensive Income / (Loss)	-19	-26	-27	-37	-31	-27	-36

This table displays calculated financial ratios and metrics derived from Citizens Financial Services' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	10.88%	12.21%	4.41%
EBITDA Growth	56.65%	-41.05%	6.91%
EBIT Growth	56.56%	-39.39%	0.50%
NOPAT Growth	56.18%	-38.71%	-0.20%
Net Income Growth	56.18%	-38.71%	-0.20%
EPS Growth	45.52%	-43.93%	-0.97%
Operating Cash Flow Growth	25.04%	-20.17%	-14.09%
Free Cash Flow Firm Growth	125.35%	10.87%	-651.14%
Invested Capital Growth	-0.71%	31.54%	59.68%
Revenue Q/Q Growth	0.86%	4.24%	2.80%
EBITDA Q/Q Growth	2.50%	-2.01%	4.68%
EBIT Q/Q Growth	0.96%	-2.17%	3.51%
NOPAT Q/Q Growth	1.62%	-1.85%	3.31%
Net Income Q/Q Growth	1.62%	-1.85%	3.31%
EPS Q/Q Growth	-1.68%	-5.63%	3.17%
Operating Cash Flow Q/Q Growth	-14.71%	37.99%	8.44%
Free Cash Flow Firm Q/Q Growth	-57.71%	-14.62%	-5.06%
Invested Capital Q/Q Growth	12.65%	3.95%	1.57%
Profitability Metrics	-	-	-
EBITDA Margin	33.06%	23.40%	44.54%
EBIT Margin	33.07%	23.42%	43.35%
Profit (Net Income) Margin	27.31%	19.39%	35.49%
Tax Burden Percent	82.59%	82.78%	81.87%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	17.41%	17.22%	18.13%
Return on Invested Capital (ROIC)	4.64%	3.36%	7.81%
ROIC Less NNEP Spread (ROIC-NNEP)	4.64%	3.36%	7.81%
Return on Net Nonoperating Assets (RNNOA)	4.96%	4.06%	6.27%
Return on Equity (ROE)	9.60%	7.42%	14.09%
Cash Return on Invested Capital (CROIC)	5.35%	-23.88%	-38.15%
Operating Return on Assets (OROA)	1.12%	0.81%	1.59%
Return on Assets (ROA)	0.93%	0.67%	1.30%
Return on Common Equity (ROCE)	9.60%	7.42%	14.09%
Return on Equity Simple (ROE_SIMPLE)	9.28%	6.37%	14.52%
Net Operating Profit after Tax (NOPAT)	28	18	29
NOPAT Margin	27.31%	19.39%	35.49%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	44.57%	43.47%	38.52%
Operating Expenses to Revenue	64.39%	70.56%	54.59%
Earnings before Interest and Taxes (EBIT)	34	22	35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	34	21	36
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.01	1.05	1.42
Price to Tangible Book Value (P/TBV)	1.43	1.54	1.70
Price to Revenue (P/Rev)	2.96	3.19	3.48
Price to Earnings (P/E)	10.83	16.45	9.80
Dividend Yield	3.10%	3.13%	2.00%
Earnings Yield	9.23%	6.08%	10.20%
Enterprise Value to Invested Capital (EV/IC)	0.93	0.93	1.11
Enterprise Value to Revenue (EV/Rev)	5.43	6.08	6.23
Enterprise Value to EBITDA (EV/EBITDA)	16.42	25.96	13.98
Enterprise Value to EBIT (EV/EBIT)	16.42	25.94	14.36
Enterprise Value to NOPAT (EV/NOPAT)	19.88	31.34	17.54
Enterprise Value to Operating Cash Flow (EV/OCF)	16.67	21.03	15.34
Enterprise Value to Free Cash Flow (EV/FCFF)	17.25	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.99	1.15	1.29
Long-Term Debt to Equity	0.99	1.15	1.29
Financial Leverage	1.07	1.21	0.80
Leverage Ratio	10.36	11.06	10.85
Compound Leverage Factor	10.36	11.06	10.85
Debt to Total Capital	49.83%	53.52%	56.24%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	49.83%	53.52%	56.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.17%	46.48%	43.76%
Debt to EBITDA	8.84	14.98	7.06
Net Debt to EBITDA	7.47	12.33	6.17
Long-Term Debt to EBITDA	8.84	14.98	7.06
Debt to NOPAT	10.70	18.08	8.85
Net Debt to NOPAT	9.05	14.89	7.74
Long-Term Debt to NOPAT	10.70	18.08	8.85
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	32	-126	-142
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.47	-2.70	-12.64
Operating Cash Flow to Interest Expense	0.49	0.57	2.96
Operating Cash Flow Less CapEx to Interest Expense	0.49	0.57	2.96
Efficiency Ratios	-	-	-
Asset Turnover	0.03	0.03	0.04
Fixed Asset Turnover	4.76	4.71	4.73
Capital & Investment Metrics	-	-	-
Invested Capital	597	602	457
Invested Capital Turnover	0.17	0.17	0.22
Increase / (Decrease) in Invested Capital	-4.25	144	171
Enterprise Value (EV)	553	558	510
Market Capitalization	301	293	285
Book Value per Share	$62.97	$59.43	$50.40
Tangible Book Value per Share	$44.35	$40.43	$42.18
Total Capital	597	602	457
Total Debt	298	322	257
Total Long-Term Debt	298	322	257
Net Debt	252	265	225
Capital Expenditures (CapEx)	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	298	322	257
Total Depreciation and Amortization (D&A)	-0.01	-0.02	0.97
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$5.86	$4.06	$7.32
Adjusted Weighted Average Basic Shares Outstanding	4.75M	4.38M	3.97M
Adjusted Diluted Earnings per Share	$5.85	$4.06	$7.32
Adjusted Weighted Average Diluted Shares Outstanding	4.76M	4.38M	3.97M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.76M	4.71M	3.97M
Normalized Net Operating Profit after Tax (NOPAT)	28	25	29
Normalized NOPAT Margin	27.19%	27.74%	35.79%
Pre Tax Income Margin	33.07%	23.42%	43.35%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.50	0.46	3.16
NOPAT to Interest Expense	0.41	0.38	2.59
EBIT Less CapEx to Interest Expense	0.50	0.46	3.16
NOPAT Less CapEx to Interest Expense	0.41	0.38	2.59
Payout Ratios	-	-	-
Dividend Payout Ratio	33.44%	47.74%	26.11%
Augmented Payout Ratio	34.40%	49.23%	30.51%

This table displays calculated financial ratios and metrics derived from Citizens Financial Services' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.42%	-3.79%	21.95%	28.02%	17.29%	21.02%	0.84%	8.35%	11.49%	10.78%
EBITDA Growth	8.76%	7.91%	219.89%	-2.73%	-4.48%	-11.84%	-157.60%	2.33%	19.89%	13.75%
EBIT Growth	3.47%	1.13%	219.81%	0.30%	-4.92%	-0.57%	-163.60%	3.21%	14.16%	6.45%
NOPAT Growth	5.88%	-0.16%	241.33%	2.29%	-4.25%	0.05%	-154.08%	1.88%	13.41%	6.80%
Net Income Growth	5.88%	-0.16%	227.29%	2.29%	-4.25%	0.05%	-160.05%	1.88%	13.41%	6.80%
EPS Growth	-3.49%	0.00%	211.00%	-12.87%	-8.51%	-15.43%	-158.14%	1.18%	13.25%	6.21%
Operating Cash Flow Growth	-35.32%	-16.25%	140.26%	29.29%	82.07%	-19.84%	-347.92%	-13.58%	40.97%	-13.04%
Free Cash Flow Firm Growth	108.94%	146.29%	87.63%	74.08%	16.15%	22.30%	-7,914.10%	-1,176.50%	-4,665.54%	-1,920.36%
Invested Capital Growth	-0.71%	-8.37%	6.86%	12.95%	31.54%	28.53%	90.28%	85.01%	59.68%	56.83%
Revenue Q/Q Growth	4.52%	1.80%	-4.99%	2.31%	-2.77%	29.03%	-0.26%	-6.27%	0.33%	7.51%
EBITDA Q/Q Growth	11.96%	52.97%	-29.15%	-10.36%	11.09%	269.95%	-157.48%	-11.98%	2.53%	11.04%
EBIT Q/Q Growth	3.18%	44.80%	-24.86%	-7.84%	0.84%	271.55%	-162.91%	-12.63%	5.46%	9.73%
NOPAT Q/Q Growth	5.93%	42.86%	-24.90%	-6.84%	-0.11%	302.23%	-154.35%	-12.80%	4.39%	9.32%
Net Income Q/Q Growth	5.93%	42.86%	-24.90%	-6.84%	-0.11%	282.14%	-160.35%	-12.80%	4.39%	9.32%
EPS Q/Q Growth	4.40%	43.24%	-25.50%	-14.37%	8.18%	259.00%	-158.48%	-12.76%	0.00%	9.30%
Operating Cash Flow Q/Q Growth	68.51%	105.86%	-77.54%	-16.98%	118.20%	198.95%	-172.13%	16.92%	-3.93%	206.01%
Free Cash Flow Firm Q/Q Growth	-78.16%	261.83%	40.27%	57.64%	-13.06%	56.74%	-25.11%	-37.03%	-4.78%	-4,449.94%
Invested Capital Q/Q Growth	12.65%	-14.63%	9.72%	-5.89%	3.95%	-0.45%	15.98%	9.59%	1.57%	47.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	38.92%	36.33%	24.18%	32.42%	37.01%	32.39%	-24.59%	42.67%	45.44%	44.47%
EBIT Margin	36.41%	36.88%	25.93%	32.79%	36.40%	35.09%	-26.39%	41.85%	44.90%	42.71%
Profit (Net Income) Margin	30.46%	30.05%	21.41%	27.09%	29.75%	28.96%	-20.51%	33.90%	36.44%	35.03%
Tax Burden Percent	83.64%	81.47%	82.58%	82.63%	81.74%	82.52%	77.72%	81.02%	81.18%	82.01%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	16.36%	18.53%	17.42%	17.37%	18.26%	17.48%	0.00%	18.98%	18.82%	17.99%
Return on Invested Capital (ROIC)	5.17%	5.47%	3.63%	4.95%	5.16%	4.96%	-3.48%	7.33%	8.02%	7.57%
ROIC Less NNEP Spread (ROIC-NNEP)	5.17%	5.47%	3.63%	4.95%	5.16%	4.96%	-3.67%	7.33%	8.02%	7.57%
Return on Net Nonoperating Assets (RNNOA)	5.53%	5.34%	4.31%	5.71%	6.23%	6.28%	-3.44%	6.27%	6.44%	6.37%
Return on Equity (ROE)	10.71%	10.81%	7.94%	10.66%	11.39%	11.24%	-6.92%	13.60%	14.46%	13.93%
Cash Return on Invested Capital (CROIC)	5.35%	13.67%	-2.08%	-8.80%	-23.88%	-21.44%	-58.11%	-52.09%	-38.15%	-36.62%
Operating Return on Assets (OROA)	1.24%	1.24%	0.91%	1.22%	1.26%	1.17%	-0.86%	1.55%	1.64%	1.55%
Return on Assets (ROA)	1.03%	1.01%	0.75%	1.01%	1.03%	0.96%	-0.67%	1.25%	1.33%	1.27%
Return on Common Equity (ROCE)	10.71%	10.81%	7.94%	10.66%	11.39%	11.24%	-6.92%	13.60%	14.46%	13.93%
Return on Equity Simple (ROE_SIMPLE)	0.00%	9.17%	9.56%	6.36%	0.00%	6.91%	6.89%	13.69%	0.00%	14.69%
Net Operating Profit after Tax (NOPAT)	7.98	7.54	5.28	7.02	7.54	7.55	-3.73	6.87	7.88	7.54
NOPAT Margin	30.46%	30.05%	21.41%	27.09%	29.75%	28.96%	-18.48%	33.90%	36.44%	35.03%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	42.65%	44.62%	45.37%	45.70%	43.00%	44.05%	44.02%	42.77%	36.25%	36.37%
Operating Expenses to Revenue	63.59%	63.91%	65.94%	64.19%	62.82%	63.09%	102.37%	58.15%	53.91%	53.92%
Earnings before Interest and Taxes (EBIT)	9.54	9.25	6.39	8.50	9.22	9.15	-5.33	8.48	9.70	9.20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	10	9.11	5.96	8.41	9.38	8.44	-4.97	8.64	9.82	9.58
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.01	0.94	0.74	0.81	1.05	0.82	1.08	1.49	1.42	1.37
Price to Tangible Book Value (P/TBV)	1.43	1.33	1.07	1.18	1.54	1.24	1.63	1.75	1.70	1.66
Price to Revenue (P/Rev)	2.96	2.77	2.07	2.35	3.19	2.46	3.40	3.80	3.48	3.30
Price to Earnings (P/E)	10.83	10.22	7.72	12.74	16.45	11.94	15.66	10.86	9.80	9.35
Dividend Yield	3.10%	3.34%	4.36%	4.02%	3.13%	4.21%	2.70%	2.41%	2.00%	1.44%
Earnings Yield	9.23%	9.79%	12.95%	7.85%	6.08%	8.37%	6.39%	9.21%	10.20%	10.69%
Enterprise Value to Invested Capital (EV/IC)	0.93	0.89	0.81	0.85	0.93	0.84	0.95	1.14	1.11	1.09
Enterprise Value to Revenue (EV/Rev)	5.43	4.66	4.94	4.91	6.08	5.50	6.61	6.87	6.23	6.19
Enterprise Value to EBITDA (EV/EBITDA)	16.42	14.33	15.66	22.53	25.96	22.11	23.96	15.62	13.98	14.14
Enterprise Value to EBIT (EV/EBIT)	16.42	14.11	15.16	22.24	25.94	22.05	25.07	16.02	14.36	14.37
Enterprise Value to NOPAT (EV/NOPAT)	19.88	17.20	18.41	26.66	31.34	26.72	30.47	19.63	17.54	17.52
Enterprise Value to Operating Cash Flow (EV/OCF)	16.67	12.10	12.57	16.19	21.03	25.22	26.23	18.13	15.34	16.08
Enterprise Value to Free Cash Flow (EV/FCFF)	17.25	6.21	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.99	0.78	1.17	1.00	1.15	1.20	1.21	1.35	1.29	1.35
Long-Term Debt to Equity	0.99	0.78	1.17	1.00	1.15	1.20	1.21	1.35	1.29	1.35
Financial Leverage	1.07	0.98	1.19	1.15	1.21	1.27	0.94	0.86	0.80	0.84
Leverage Ratio	10.36	10.66	10.62	10.60	11.06	11.69	11.14	10.85	10.85	10.98
Compound Leverage Factor	10.36	10.66	10.62	10.60	11.06	11.69	11.14	10.85	10.85	10.98
Debt to Total Capital	49.83%	43.69%	53.89%	50.08%	53.52%	54.62%	54.73%	57.46%	56.24%	57.49%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	49.83%	43.69%	53.89%	50.08%	53.52%	54.62%	54.73%	57.46%	56.24%	57.49%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.17%	56.31%	46.11%	49.92%	46.48%	45.38%	45.27%	42.54%	43.76%	42.51%
Debt to EBITDA	8.84	7.05	10.40	13.34	14.98	14.41	13.79	7.86	7.06	7.43
Net Debt to EBITDA	7.47	5.82	9.09	11.76	12.33	12.23	11.65	6.98	6.17	6.59
Long-Term Debt to EBITDA	8.84	7.05	10.40	13.34	14.98	14.41	13.79	7.86	7.06	7.43
Debt to NOPAT	10.70	8.47	12.23	15.78	18.08	17.42	17.54	9.87	8.85	9.20
Net Debt to NOPAT	9.05	6.98	10.68	13.92	14.89	14.78	14.81	8.77	7.74	8.17
Long-Term Debt to NOPAT	10.70	8.47	12.23	15.78	18.08	17.42	17.54	9.87	8.85	9.20
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	12	56	-35	-58	-137	-121	-280	-223	-163	-156
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.72	3.22	-2.08	-3.41	-8.21	-8.47	-31.45	-31.80	-32.26	-52.99
Operating Cash Flow to Interest Expense	0.62	0.36	0.18	0.79	0.97	0.52	-0.84	1.48	1.76	3.15
Operating Cash Flow Less CapEx to Interest Expense	0.62	0.36	0.18	0.79	0.97	0.52	-0.84	1.48	1.76	3.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.03	0.03	0.04	0.03	0.03	0.03	0.04	0.04	0.04
Fixed Asset Turnover	4.76	4.73	4.82	5.04	4.71	4.54	4.30	4.85	4.73	4.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	597	530	621	566	602	579	581	501	457	450
Invested Capital Turnover	0.17	0.18	0.17	0.18	0.17	0.17	0.19	0.22	0.22	0.22
Increase / (Decrease) in Invested Capital	-4.25	-48	40	65	144	128	276	230	171	163
Enterprise Value (EV)	553	471	504	479	558	485	553	573	510	493
Market Capitalization	301	280	212	229	293	217	284	317	285	263
Book Value per Share	$62.97	$62.74	$60.86	$60.05	$59.43	$55.84	$66.29	$53.70	$50.40	$48.21
Tangible Book Value per Share	$44.35	$44.08	$41.95	$41.10	$40.43	$37.00	$43.92	$45.50	$42.18	$39.97
Total Capital	597	530	621	566	602	579	581	501	457	450
Total Debt	298	232	335	284	322	316	318	288	257	259
Total Long-Term Debt	298	232	335	284	322	316	318	288	257	259
Net Debt	252	191	293	250	265	268	269	256	225	230
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.41	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	298	232	335	284	322	316	318	288	257	259
Total Depreciation and Amortization (D&A)	0.66	-0.14	-0.43	-0.09	0.16	-0.70	0.36	0.17	0.12	0.38
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.67	$1.59	$1.11	$1.49	$1.72	$1.61	($1.01)	$1.73	$1.88	$1.90
Adjusted Weighted Average Basic Shares Outstanding	4.75M	4.75M	4.75M	4.70M	4.43M	4.70M	4.11M	3.97M	4.06M	3.97M
Adjusted Diluted Earnings per Share	$1.66	$1.59	$1.11	$1.49	$1.72	$1.61	($1.01)	$1.73	$1.88	$1.90
Adjusted Weighted Average Diluted Shares Outstanding	4.76M	4.75M	4.75M	4.70M	4.43M	4.70M	4.11M	3.97M	4.06M	3.97M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.76M	4.76M	4.76M	4.71M	4.71M	4.71M	4.70M	3.97M	3.97M	3.97M
Normalized Net Operating Profit after Tax (NOPAT)	7.98	7.54	5.28	7.02	7.54	8.06	2.15	7.06	8.11	7.56
Normalized NOPAT Margin	30.46%	30.05%	21.41%	27.09%	29.75%	30.93%	10.64%	34.88%	37.54%	35.10%
Pre Tax Income Margin	36.41%	36.88%	25.93%	32.79%	36.40%	35.09%	-26.39%	41.85%	44.90%	42.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.56	0.53	0.38	0.50	0.55	0.64	-0.60	1.21	1.92	3.13
NOPAT to Interest Expense	0.47	0.43	0.32	0.41	0.45	0.53	-0.42	0.98	1.56	2.57
EBIT Less CapEx to Interest Expense	0.56	0.53	0.38	0.50	0.55	0.64	-0.60	1.21	1.92	3.13
NOPAT Less CapEx to Interest Expense	0.47	0.43	0.32	0.41	0.45	0.53	-0.42	0.98	1.56	2.57
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.44%	33.88%	33.78%	49.44%	47.74%	44.65%	42.46%	26.18%	26.11%	26.79%
Augmented Payout Ratio	34.40%	34.63%	35.04%	51.16%	49.23%	46.11%	42.46%	30.53%	30.51%	33.04%

Frequently Asked Questions About Citizens Financial Services' Financials

When does Citizens Financial Services's financial year end?

According to the most recent income statement we have on file, Citizens Financial Services' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Citizens Financial Services' net income changed over the last 2 years?

Citizens Financial Services' net income appears to be on a downward trend, with a most recent value of $27.82 million in 2024, falling from $29.06 million in 2022. The previous period was $17.81 million in 2023.

How has Citizens Financial Services revenue changed over the last 2 years?

Over the last 2 years, Citizens Financial Services' total revenue changed from $81.87 million in 2022 to $101.86 million in 2024, a change of 24.4%.

How much debt does Citizens Financial Services have?

Citizens Financial Services' total liabilities were at $2.73 billion at the end of 2024, a 1.1% increase from 2023, and a 27.8% increase since 2022.

How much cash does Citizens Financial Services have?

In the past 2 years, Citizens Financial Services' cash and equivalents has ranged from $24.81 million in 2022 to $37.73 million in 2023, and is currently $30.28 million as of their latest financial filing in 2024.

How has Citizens Financial Services' book value per share changed over the last 2 years?

Over the last 2 years, Citizens Financial Services' book value per share changed from 50.40 in 2022 to 62.97 in 2024, a change of 24.9%.

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This page (NASDAQ:CZFS) was last updated on 5/25/2025 by MarketBeat.com Staff

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Citizens Financial Services (CZFS) Financials

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