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Citizens Financial Services (CZFS) Financials

Citizens Financial Services logo
$80.03 +0.91 (+1.15%)
Closing price 04:00 PM Eastern
Extended Trading
$80.13 +0.10 (+0.13%)
As of 08:00 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Citizens Financial Services

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 12 13 13 18 19 25 29 29 18 28 37
Consolidated Net Income / (Loss)		 12 13 13 18 19 25 29 29 18 28 37
Net Income / (Loss) Continuing Operations		 12 13 13 18 19 25 29 29 18 28 37
Total Pre-Tax Income 		14 16 19 21 23 30 35 35 22 34 45
Total Revenue		 38 46 51 55 58 74 78 82 92 102 112
Net Interest Income / (Expense)		 31 38 42 47 50 62 66 72 80 86 98
Total Interest Income		 36 43 48 57 62 70 73 83 127 154 159
Loans and Leases Interest Income		 29 36 42 50 55 64 66 74 116 143 144
Investment Securities Interest Income		 6.47 6.94 5.78 5.98 6.66 6.36 6.40 8.69 10 11 14
Deposits and Money Market Investments Interest Income		 0.14 0.22 0.19 0.32 0.41 0.40 0.45 0.40 0.74 0.85 0.50
Total Interest Expense		 4.82 5.04 5.84 9.57 12 8.11 7.11 11 47 68 61
Deposits Interest Expense		 4.11 4.25 4.63 6.91 9.22 6.85 5.84 7.32 32 52 47
Long-Term Debt Interest Expense		 0.71 0.79 1.21 2.66 2.82 1.25 1.27 3.91 15 16 14
Total Non-Interest Income		 7.42 7.90 8.66 7.74 8.39 11 12 9.74 12 15 14
Trust Fees by Commissions		 0.67 - - - 0.75 0.80 0.87 0.80 0.76 0.82 0.79
Service Charges on Deposit Accounts		 - - - - 4.69 4.22 4.76 5.35 5.64 5.75 5.57
Other Service Charges		 4.57 0.59 0.54 0.59 0.57 1.97 1.40 0.85 0.77 1.21 1.57
Net Realized & Unrealized Capital Gains on Investments		 0.83 0.70 1.61 0.36 0.62 2.43 1.83 -0.00 1.26 3.56 2.36
Investment Banking Income		 0.72 - - - 1.14 1.30 1.63 1.90 1.92 2.38 2.63
Other Non-Interest Income		 0.63 6.61 6.51 7.13 0.62 0.70 1.83 0.85 1.25 1.68 1.43
Provision for Credit Losses		 0.48 1.52 2.54 1.93 1.68 2.40 1.55 1.68 5.53 2.59 2.38
Total Non-Interest Expense		 23 29 29 32 33 41 42 45 65 65 65
Salaries and Employee Benefits		 13 17 18 19 20 24 26 28 35 39 39
Net Occupancy & Equipment Expense		 1.93 0.64 2.59 2.66 2.85 3.31 3.49 3.70 4.95 6.05 6.51
Property & Liability Insurance Claims		 0.46 1.77 0.39 0.42 0.08 0.48 0.52 0.68 1.48 2.00 1.71
Other Operating Expenses		 7.43 9.40 8.22 9.09 9.24 10 11 12 14 17 17
Amortization Expense		 0.00 0.33 0.30 0.30 0.26 0.22 0.19 0.16 0.37 0.56 0.48
Restructuring Charge		 1.10 0.00 0.17 0.00 0.47 2.18 0.00 0.29 9.27 0.00 0.00
Income Tax Expense		 2.72 3.03 6.03 3.40 3.82 5.26 6.20 6.44 3.76 6.07 8.67
Basic Earnings per Share		 $3.60 $3.57 $3.67 $5.04 $5.42 $6.46 $7.24 $7.17 $3.98 $5.80 $7.62
Weighted Average Basic Shares Outstanding		 3.23M 3.54M 3.55M 3.58M 3.60M 3.88M 4.02M 4.06M 4.48M 4.80M 4.80M
Diluted Earnings per Share		 $3.60 $3.57 $3.67 $5.04 $5.41 $6.46 $7.24 $7.17 $3.98 $5.79 $7.62
Weighted Average Diluted Shares Outstanding		 3.23M 3.54M 3.55M 3.58M 3.60M 3.88M 4.02M 4.06M 4.48M 4.80M 4.80M
Cash Dividends to Common per Share		 $1.63 $1.57 $1.64 $1.71 $1.74 $1.88 $1.83 $1.86 - - $1.98

Quarterly Income Statements for Citizens Financial Services

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 7.54 7.02 5.28 7.54 7.98 7.62 8.46 10 10 10 10
Consolidated Net Income / (Loss)		 7.54 7.02 5.28 7.54 7.98 7.62 8.46 10 10 10 10
Net Income / (Loss) Continuing Operations		 7.54 7.02 5.28 7.54 7.98 7.62 8.46 10 10 10 10
Total Pre-Tax Income 		9.22 8.50 6.39 9.25 9.54 9.43 10 12 13 13 12
Total Revenue		 25 26 25 25 26 26 27 29 30 30 30
Net Interest Income / (Expense)		 22 21 21 21 23 23 24 25 26 26 26
Total Interest Income		 39 38 38 39 40 39 39 40 41 40 40
Loans and Leases Interest Income		 36 35 35 36 37 36 35 36 37 36 35
Investment Securities Interest Income		 2.60 2.56 2.57 2.64 3.01 3.32 3.39 3.72 3.81 3.81 4.18
Deposits and Money Market Investments Interest Income		 0.27 0.24 0.26 0.19 0.16 0.14 0.13 0.12 0.11 0.10 0.09
Total Interest Expense		 17 17 17 17 17 16 15 15 15 14 14
Deposits Interest Expense		 12 12 13 13 14 12 11 12 12 11 11
Long-Term Debt Interest Expense		 4.48 4.65 3.95 3.89 3.05 3.72 3.65 3.61 3.13 2.86 2.65
Total Non-Interest Income		 3.49 4.97 3.34 3.76 3.34 3.43 3.67 3.85 3.40 3.69 4.01
Trust Fees by Commissions		 0.18 0.24 0.20 0.18 0.19 0.22 0.18 0.19 0.20 0.24 0.20
Service Charges on Deposit Accounts		 1.44 1.37 1.39 1.64 1.36 1.29 1.30 1.60 1.38 1.32 1.39
Other Service Charges		 0.20 0.45 0.47 0.14 0.15 0.62 0.43 0.20 0.32 0.71 0.28
Net Realized & Unrealized Capital Gains on Investments		 0.86 1.57 0.39 0.91 0.54 0.26 0.77 0.74 0.60 0.28 0.72
Investment Banking Income		 0.50 0.67 0.56 0.55 0.61 0.68 0.63 0.76 0.56 0.57 0.64
Other Non-Interest Income		 0.31 0.67 0.33 0.34 0.35 0.35 0.36 0.36 0.37 0.57 0.79
Provision for Credit Losses		 0.20 0.79 2.00 -0.20 - 0.63 0.75 0.50 0.50 0.50 0.50
Total Non-Interest Expense		 16 17 16 16 17 16 16 16 16 17 17
Salaries and Employee Benefits		 9.39 10 9.62 9.72 9.73 10 9.98 9.92 9.21 10 10
Net Occupancy & Equipment Expense		 1.51 1.56 1.56 1.48 1.46 1.62 1.50 1.59 1.79 1.70 1.63
Property & Liability Insurance Claims		 0.48 0.53 0.51 0.56 0.41 0.45 0.50 0.40 0.37 0.40 0.37
Other Operating Expenses		 4.39 4.12 4.41 4.15 4.95 3.89 4.05 4.11 4.54 4.13 4.50
Amortization Expense		 0.15 0.15 0.15 0.14 0.13 0.13 0.13 0.11 0.11 0.11 0.11
Income Tax Expense		 1.68 1.48 1.11 1.71 1.56 1.81 1.95 2.36 2.60 2.33 2.15
Basic Earnings per Share		 $1.72 $1.48 $1.10 $1.57 $1.67 $1.59 $1.76 $2.09 $2.17 $2.16 $2.12
Weighted Average Basic Shares Outstanding		 4.43M 4.75M 4.80M 4.80M 4.75M 4.80M 4.80M 4.80M 4.80M 4.80M 4.80M
Diluted Earnings per Share		 $1.72 $1.48 $1.10 $1.57 $1.66 $1.59 $1.76 $2.09 $2.17 $2.16 $2.12
Weighted Average Diluted Shares Outstanding		 4.43M 4.75M 4.80M 4.80M 4.76M 4.80M 4.80M 4.80M 4.80M 4.80M 4.80M
Weighted Average Basic & Diluted Shares Outstanding		 4.71M 4.71M 4.76M 4.76M 4.76M 4.76M 4.81M - 0.00 4.80M 4.81M

Annual Cash Flow Statements for Citizens Financial Services

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 13 -6.63 0.76 -1.72 1.72 50 104 -147 27 -11 -7.91
Net Cash From Operating Activities		 13 16 16 21 22 12 39 33 27 33 37
Net Cash From Continuing Operating Activities		 13 16 16 21 22 12 39 33 27 33 37
Net Income / (Loss) Continuing Operations		 12 13 13 18 19 25 29 29 18 28 37
Consolidated Net Income / (Loss)		 12 13 13 18 19 25 29 29 18 28 37
Provision For Loan Losses		 0.48 1.52 2.54 1.93 1.68 2.40 1.55 1.68 5.53 2.59 2.38
Depreciation Expense		 0.46 0.32 0.20 0.39 1.04 1.14 1.11 1.03 1.52 1.81 2.10
Amortization Expense		 2.06 2.30 1.44 1.00 -0.24 -2.81 -2.32 -0.06 -1.54 -1.81 -3.19
Non-Cash Adjustments to Reconcile Net Income		 -1.50 -0.69 -1.58 0.22 -0.11 -13 8.77 3.10 2.52 1.65 0.63
Changes in Operating Assets and Liabilities, net		 -0.32 0.11 0.11 -0.08 -0.09 -1.09 0.46 -1.58 0.70 1.13 -1.95
Net Cash From Investing Activities		 19 -70 -105 -72 -32 -111 -158 -362 59 -69 -40
Net Cash From Continuing Investing Activities		 19 -70 -105 -72 -32 -111 -158 -362 59 -69 -40
Purchase of Investment Securities		 -142 -164 -236 -166 -119 -216 -256 -420 -81 -170 -153
Sale and/or Maturity of Investments		 162 93 131 94 86 106 98 59 142 101 113
Other Investing Activities, net		 - - - - - 0.00 0.00 -1.12 -1.47 0.00 0.00
Net Cash From Financing Activities		 -19 47 90 49 12 149 224 183 -59 25 -4.37
Net Cash From Continuing Financing Activities		 -19 47 90 49 12 149 224 183 -59 25 -4.37
Net Change in Deposits		 -11 17 62 80 26 169 247 8.06 -56 61 -5.05
Issuance of Debt		 5.29 39 37 0.01 -2.95 20 9.87 0.00 5.43 9.28 0.00
Issuance of Common Equity		 0.00 0.06 0.04 0.00 0.00 0.13 0.00 0.11 0.03 0.02 0.07
Repayment of Debt		 -5.46 -0.53 -2.00 -23 -3.12 -31 -25 183 0.00 -35 11
Repurchase of Common Equity		 -2.46 -3.23 -0.98 -1.18 -1.29 -2.12 -1.37 -1.28 -0.27 -0.27 -0.55
Payment of Dividends		 -5.15 -5.08 -5.18 -6.12 -6.32 -6.54 -7.38 -7.59 -8.50 -9.30 -9.55
Cash Interest Paid		 4.84 5.06 5.66 9.40 12 8.18 7.41 11 45 67 63
Cash Income Taxes Paid		 3.38 2.48 4.55 3.05 3.30 4.75 5.50 6.60 5.13 2.83 6.59

Quarterly Cash Flow Statements for Citizens Financial Services

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 9.48 -23 8.81 -1.67 5.44 -5.42 13 -18 3.22 -1.19 6.32
Net Cash From Operating Activities		 16 13 3.02 6.22 10 11 5.98 2.88 17 18 -0.09
Net Cash From Continuing Operating Activities		 16 13 3.02 6.22 10 11 5.98 2.88 17 18 -0.24
Net Income / (Loss) Continuing Operations		 7.54 7.02 5.28 7.54 7.98 7.62 8.46 10 10 10 10
Consolidated Net Income / (Loss)		 7.54 7.02 5.28 7.54 7.98 7.62 8.46 10 10 10 10
Provision For Loan Losses		 0.20 0.79 2.00 -0.20 - 0.63 0.75 0.50 0.50 0.50 0.50
Depreciation Expense		 0.50 0.50 0.46 0.42 0.43 0.45 0.47 0.49 0.69 0.47 0.44
Amortization Expense		 -0.34 -0.59 -0.89 -0.56 0.23 -0.58 -0.69 -0.88 -1.05 -0.81 -0.89
Non-Cash Adjustments to Reconcile Net Income		 7.46 5.47 -5.00 -1.02 2.20 4.99 -2.93 -7.44 6.02 7.13 -10
Changes in Operating Assets and Liabilities, net		 0.86 0.27 1.17 0.05 -0.36 -2.16 -0.09 0.20 0.09 0.38 -0.37
Net Cash From Investing Activities		 3.68 23 -13 -79 -0.18 -0.73 71 -104 -6.50 30 -140
Net Cash From Continuing Investing Activities		 3.68 23 -13 -79 -0.18 -0.73 71 -104 -6.50 30 -140
Purchase of Investment Securities		 -9.22 -12 -26 -103 -25 -25 45 -133 -40 -2.74 -171
Sale and/or Maturity of Investments		 14 35 13 24 24 24 26 29 33 33 32
Net Cash From Financing Activities		 -10 -60 19 71 -4.87 -16 -64 82 -7.02 -49 146
Net Cash From Continuing Financing Activities		 -10 -60 19 71 -4.87 -16 -64 82 -7.02 -49 146
Net Change in Deposits		 -14 -19 -30 177 -68 -17 -72 119 -34 64 -47
Issuance of Debt		 20 -34 - - - - 21 -6.82 -18 -111 205
Issuance of Common Equity		 0.01 0.00 - - 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Repurchase of Common Equity		 -0.00 -0.05 -0.04 -0.12 -0.06 -0.06 -0.24 -0.08 -0.17 -0.16 -0.15
Payment of Dividends		 -2.31 -2.31 -2.33 -2.33 -2.33 -2.36 -2.39 -2.40 -2.40 -2.40 -2.45
Cash Interest Paid		 16 17 15 17 18 18 16 14 16 14 14
Cash Income Taxes Paid		 0.50 0.00 0.75 0.75 1.00 0.00 2.50 1.50 2.59 0.00 4.75

Annual Balance Sheets for Citizens Financial Services

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,163 1,223 1,362 1,431 1,466 1,892 2,144 2,333 2,975 3,026 3,065
Cash and Due from Banks		 14 17 16 15 18 16 14 25 38 30 24
Interest Bearing Deposits at Other Banks		 10 0.90 2.17 1.47 0.79 52 159 1.40 15 12 10
Time Deposits Placed and Other Short-Term Investments		 7.70 6.96 10 15 14 14 11 6.06 4.07 3.82 3.82
Trading Account Securities		 360 314 255 242 241 297 419 458 433 438 453
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 689 793 991 1,070 1,103 1,404 1,429 0.73 9.38 9.61 9.39
Premises and Equipment, Net		 17 17 17 16 16 17 17 18 21 21 21
Goodwill		 21 21 23 23 23 31 31 31 86 86 86
Intangible Assets		 2.44 2.10 1.95 1.62 1.35 1.67 1.63 1.27 3.65 2.89 2.22
Other Assets		 42 52 46 46 49 58 63 1,792 2,365 2,422 2,455
Total Liabilities & Shareholders' Equity		 1,163 1,223 1,362 1,431 1,466 1,892 2,144 2,333 2,975 3,026 3,065
Total Liabilities		 1,043 1,100 1,233 1,291 1,312 1,697 1,931 2,133 2,696 2,726 2,727
Non-Interest Bearing Deposits		 151 147 172 180 204 304 358 396 524 533 517
Interest Bearing Deposits		 837 858 933 1,005 1,007 1,285 1,478 1,448 1,798 1,849 1,860
Accrued Interest Payable		 0.73 0.72 0.90 1.08 1.09 1.02 0.71 1.23 4.30 4.69 3.13
Long-Term Debt		 42 80 115 91 85 89 74 257 322 298 309
Other Long-Term Liabilities		 13 14 12 14 14 19 21 31 48 42 37
Total Equity & Noncontrolling Interests		 120 123 129 139 155 194 212 200 280 300 338
Total Preferred & Common Equity		 120 123 129 139 155 194 212 200 280 300 338
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 120 123 129 139 155 194 212 200 280 300 338
Common Stock		 44 46 55 57 59 80 83 85 148 150 153
Retained Earnings		 86 91 90 100 111 127 146 165 173 189 214
Treasury Stock		 -10 -13 -13 -14 -14 -15 -16 -17 -17 -16 -16
Accumulated Other Comprehensive Income / (Loss)		 -0.24 -1.39 -3.40 -3.92 -0.63 2.59 -0.16 -33 -25 -24 -12

Quarterly Balance Sheets for Citizens Financial Services

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 2,335 2,892 2,959 2,921 2,948 3,026 3,016 2,967 3,056 3,026 3,192
Cash and Due from Banks		 24 29 25 14 22 27 28 27 25 27 30
Interest Bearing Deposits at Other Banks		 1.92 16 18 16 16 9.98 8.66 23 6.55 6.31 9.09
Time Deposits Placed and Other Short-Term Investments		 6.06 4.81 4.57 3.82 3.82 3.82 3.82 3.82 3.82 3.82 3.32
Trading Account Securities		 460 453 438 421 417 430 442 442 461 457 500
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 0.67 15 14 8.35 14 14 6.05 16 14 5.87 10
Premises and Equipment, Net		 18 21 21 21 21 21 22 22 22 21 21
Goodwill		 31 85 85 86 86 86 86 86 86 86 86
Intangible Assets		 1.18 4.07 3.87 3.45 3.24 3.08 2.71 2.53 2.37 2.07 1.93
Other Assets		 1,793 2,265 2,349 2,348 2,364 2,432 2,418 2,347 2,438 2,418 2,531
Total Liabilities & Shareholders' Equity		 2,335 2,892 2,959 2,921 2,948 3,026 3,016 2,967 3,056 3,026 3,192
Total Liabilities		 2,122 2,629 2,697 2,638 2,661 2,728 2,708 2,654 2,729 2,683 2,839
Non-Interest Bearing Deposits		 370 553 542 524 502 548 506 499 522 510 496
Interest Bearing Deposits		 1,430 1,713 1,793 1,779 1,771 1,902 1,859 1,793 1,889 1,932 1,899
Accrued Interest Payable		 1.77 2.26 2.73 4.12 5.48 5.55 3.14 2.74 3.75 3.75 3.36
Long-Term Debt		 288 318 316 284 335 232 302 313 280 199 394
Other Long-Term Liabilities		 33 42 43 48 48 40 38 45 34 39 47
Total Equity & Noncontrolling Interests		 213 263 263 283 286 299 308 314 328 344 353
Total Preferred & Common Equity		 213 263 263 283 286 299 308 314 328 344 353
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 213 263 263 283 286 299 308 314 328 344 353
Common Stock		 85 149 148 148 150 150 150 153 153 153 154
Retained Earnings		 172 162 168 178 179 184 195 198 206 222 229
Treasury Stock		 -17 -17 -17 -17 -16 -16 -16 -16 -16 -17 -17
Accumulated Other Comprehensive Income / (Loss)		 -27 -31 -37 -27 -26 -19 -20 -21 -15 -15 -13

Annual Metrics And Ratios for Citizens Financial Services

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 3,001,071.00 3,349,841.00 3,491,511.00 3,509,143.00 7,050,392.00 3,921,880.00 3,952,161.00 - - - 4,807,314.00
DEI Adjusted Shares Outstanding		 3,001,071.00 3,349,841.00 3,491,511.00 3,509,143.00 7,050,392.00 3,921,880.00 3,952,161.00 - - - 4,807,314.00
DEI Earnings Per Adjusted Shares Outstanding		 3.87 3.77 3.73 5.14 2.76 6.40 7.37 - - - 7.61
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1.49% 19.88% 11.00% 8.56% 5.53% 26.21% 6.53% 4.41% 12.21% 10.88% 10.30%
EBITDA Growth		 -13.71% 8.45% 13.14% 11.96% 4.07% 19.00% 18.85% 6.91% -41.05% 56.65% 30.33%
EBIT Growth		 -15.33% 9.24% 21.59% 14.33% 6.99% 30.27% 16.30% 0.50% -39.39% 56.56% 33.51%
NOPAT Growth		 -13.14% 8.70% 3.06% 38.46% 8.07% 28.80% 15.99% -0.20% -38.71% 56.18% 31.47%
Net Income Growth		 -13.14% 8.70% 3.06% 38.46% 8.07% 28.80% 15.99% -0.20% -38.71% 56.18% 31.47%
EPS Growth		 -17.43% -0.83% 2.80% 37.33% 7.34% 19.41% 12.07% -0.97% -43.93% 45.52% 31.61%
Operating Cash Flow Growth		 -20.81% 26.41% -2.81% 36.51% 1.31% -45.69% 227.30% -14.09% -20.17% 25.04% 10.10%
Free Cash Flow Firm Growth		 -124.76% -288.56% 4.09% 212.86% -67.97% -280.63% 242.22% -651.14% 10.87% 125.35% -142.01%
Invested Capital Growth		 13.39% 25.74% 20.08% -5.44% 4.11% 18.01% 1.19% 59.68% 31.54% -0.71% 8.38%
Revenue Q/Q Growth		 1.12% 4.69% 4.26% 3.56% -8.09% 14.97% -1.29% 2.80% 4.24% 0.86% 3.12%
EBITDA Q/Q Growth		 -7.58% 5.51% 6.17% 7.35% -17.50% 25.18% 0.52% 4.68% -2.01% 2.50% 6.07%
EBIT Q/Q Growth		 -8.88% 6.66% 9.03% 7.64% -18.13% 28.63% -0.52% 3.51% -2.17% 0.96% 8.49%
NOPAT Q/Q Growth		 -8.04% 5.96% -4.17% 11.85% 2.78% 9.53% -0.96% 3.31% -1.85% 1.62% 7.34%
Net Income Q/Q Growth		 -8.04% 5.96% -4.17% 11.85% 2.78% 9.53% -0.96% 3.31% -1.85% 1.62% 7.34%
EPS Q/Q Growth		 -12.41% 7.21% -3.42% 11.26% 2.46% 7.67% -1.90% 3.17% -5.63% -1.68% 6.57%
Operating Cash Flow Q/Q Growth		 -7.15% 10.37% -13.18% 19.57% -2.71% 230.41% -16.91% 8.44% 37.99% -14.71% 20.63%
Free Cash Flow Firm Q/Q Growth		 -866.80% -70.80% -121.60% 3,721.06% 145.43% -329.39% -16.64% -5.06% -14.62% -57.71% 68.53%
Invested Capital Q/Q Growth		 8.64% 14.39% 19.74% 4.50% -8.27% -1.92% -0.24% 1.57% 3.95% 12.65% 6.62%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 44.09% 39.89% 40.65% 41.93% 41.35% 38.99% 43.50% 44.54% 23.40% 33.06% 39.30%
EBIT Margin		 37.50% 34.17% 37.43% 39.42% 39.97% 41.25% 45.04% 43.35% 23.42% 33.07% 40.27%
Profit (Net Income) Margin		 30.39% 27.56% 25.58% 32.63% 33.42% 34.10% 37.13% 35.49% 19.39% 27.31% 32.55%
Tax Burden Percent		 81.03% 80.64% 68.35% 84.13% 83.61% 82.67% 82.45% 81.87% 82.78% 82.59% 80.84%
Interest Burden Percent		 100.00% 100.00% 100.00% 98.39% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 18.97% 19.36% 31.65% 15.87% 16.39% 17.33% 17.55% 18.13% 17.22% 17.41% 19.16%
Return on Invested Capital (ROIC)		 7.66% 6.94% 5.83% 7.61% 8.29% 9.60% 10.22% 7.81% 3.36% 4.64% 5.88%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.66% 6.94% 5.83% 7.61% 8.29% 9.60% 10.22% 7.81% 3.36% 4.64% 5.88%
Return on Net Nonoperating Assets (RNNOA)		 2.90% 3.46% 4.49% 5.84% 4.97% 4.78% 4.09% 6.27% 4.06% 4.96% 5.59%
Return on Equity (ROE)		 10.56% 10.40% 10.33% 13.45% 13.26% 14.38% 14.32% 14.09% 7.42% 9.60% 11.47%
Cash Return on Invested Capital (CROIC)		 -4.90% -15.87% -12.41% 13.20% 4.26% -6.92% 9.04% -38.15% -23.88% 5.35% -2.16%
Operating Return on Assets (OROA)		 1.37% 1.31% 1.47% 1.56% 1.61% 1.81% 1.75% 1.59% 0.81% 1.12% 1.49%
Return on Assets (ROA)		 1.11% 1.06% 1.01% 1.29% 1.35% 1.50% 1.44% 1.30% 0.67% 0.93% 1.20%
Return on Common Equity (ROCE)		 10.56% 10.40% 10.33% 13.45% 13.26% 14.38% 14.32% 14.09% 7.42% 9.60% 11.47%
Return on Equity Simple (ROE_SIMPLE)		 9.71% 10.25% 10.10% 12.95% 12.59% 12.92% 13.70% 14.52% 6.37% 9.28% 10.82%
Net Operating Profit after Tax (NOPAT)		 12 13 13 18 19 25 29 29 18 28 37
NOPAT Margin		 30.39% 27.56% 25.58% 32.63% 33.42% 34.10% 37.13% 35.49% 19.39% 27.31% 32.55%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 37.73% 37.45% 39.77% 39.36% 39.95% 37.36% 37.48% 38.52% 43.47% 44.57% 40.87%
Operating Expenses to Revenue		 61.24% 62.51% 57.58% 57.10% 57.16% 55.49% 52.99% 54.59% 70.56% 64.39% 57.62%
Earnings before Interest and Taxes (EBIT)		 14 16 19 22 23 30 35 35 22 34 45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 17 18 21 23 24 29 34 36 21 34 44
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.27 1.38 1.38 1.45 1.31 0.93 0.86 1.42 1.05 1.01 0.80
Price to Tangible Book Value (P/TBV)		 1.59 1.70 1.71 1.77 1.56 1.12 1.01 1.70 1.54 1.43 1.09
Price to Revenue (P/Rev)		 3.99 3.72 3.49 3.66 3.49 2.46 2.32 3.48 3.19 2.96 2.42
Price to Earnings (P/E)		 13.13 13.49 13.64 11.01 10.43 7.20 6.26 9.80 16.45 10.83 7.43
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.00% 3.13% 3.10% 3.52%
Earnings Yield		 7.61% 7.42% 7.33% 9.08% 9.59% 13.89% 15.98% 10.20% 6.08% 9.23% 13.45%
Enterprise Value to Invested Capital (EV/IC)		 1.01 1.11 1.08 1.13 1.07 0.66 0.25 1.11 0.93 0.93 0.84
Enterprise Value to Revenue (EV/Rev)		 4.24 4.91 5.18 4.73 4.38 2.54 0.92 6.23 6.08 5.43 4.83
Enterprise Value to EBITDA (EV/EBITDA)		 9.62 12.32 12.73 11.28 10.60 6.52 2.12 13.98 25.96 16.42 12.30
Enterprise Value to EBIT (EV/EBIT)		 11.31 14.38 13.83 11.99 10.97 6.16 2.05 14.36 25.94 16.42 12.01
Enterprise Value to NOPAT (EV/NOPAT)		 13.95 17.83 20.23 14.49 13.12 7.46 2.48 17.54 31.34 19.88 14.85
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.66 13.92 16.74 12.16 11.75 15.83 1.87 15.34 21.03 16.67 14.87
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 8.35 25.51 0.00 2.81 0.00 0.00 17.25 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.35 0.65 0.89 0.66 0.55 0.46 0.35 1.29 1.15 0.99 0.92
Long-Term Debt to Equity		 0.35 0.65 0.89 0.66 0.55 0.46 0.35 1.29 1.15 0.99 0.92
Financial Leverage		 0.38 0.50 0.77 0.77 0.60 0.50 0.40 0.80 1.21 1.07 0.95
Leverage Ratio		 9.48 9.82 10.25 10.41 9.85 9.62 9.92 10.85 11.06 10.36 9.55
Compound Leverage Factor		 9.48 9.82 10.25 10.24 9.85 9.62 9.92 10.85 11.06 10.36 9.55
Debt to Total Capital		 25.80% 39.26% 47.06% 39.58% 35.48% 31.38% 25.82% 56.24% 53.52% 49.83% 47.79%
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% 0.00%
Long-Term Debt to Total Capital		 25.80% 39.26% 47.06% 39.58% 35.48% 31.38% 25.82% 56.24% 53.52% 49.83% 47.79%
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% 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% 0.00%
Common Equity to Total Capital		 74.20% 60.74% 52.94% 60.42% 64.52% 68.62% 74.18% 43.76% 46.48% 50.17% 52.21%
Debt to EBITDA		 2.47 4.35 5.54 3.94 3.53 3.10 2.17 7.06 14.98 8.84 7.01
Net Debt to EBITDA		 0.57 3.00 4.15 2.54 2.17 0.22 -3.22 6.17 12.33 7.47 6.15
Long-Term Debt to EBITDA		 2.47 4.35 5.54 3.94 3.53 3.10 2.17 7.06 14.98 8.84 7.01
Debt to NOPAT		 3.58 6.30 8.80 5.06 4.37 3.54 2.54 8.85 18.08 10.70 8.46
Net Debt to NOPAT		 0.82 4.35 6.59 3.27 2.69 0.25 -3.77 7.74 14.89 9.05 7.42
Long-Term Debt to NOPAT		 3.58 6.30 8.80 5.06 4.37 3.54 2.54 8.85 18.08 10.70 8.46
Noncontrolling Interest Sharing Ratio		 0.00% 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)		 -7.44 -29 -28 31 10 -18 26 -142 -126 32 -13
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% 0.00%
Free Cash Flow to Firm to Interest Expense		 -1.54 -5.73 -4.75 3.27 0.83 -2.23 3.62 -12.64 -2.70 0.47 -0.22
Operating Cash Flow to Interest Expense		 2.66 3.21 2.70 2.24 1.81 1.46 5.45 2.96 0.57 0.49 0.60
Operating Cash Flow Less CapEx to Interest Expense		 2.66 3.21 2.70 2.24 1.81 1.46 5.45 2.96 0.57 0.49 0.60
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.04
Fixed Asset Turnover		 2.58 2.67 3.03 3.37 3.62 4.48 4.62 4.73 4.71 4.76 5.30
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 161 203 244 230 240 283 286 457 602 597 647
Invested Capital Turnover		 0.25 0.25 0.23 0.23 0.25 0.28 0.28 0.22 0.17 0.17 0.18
Increase / (Decrease) in Invested Capital		 19 42 41 -13 9.47 43 3.37 171 144 -4.25 50
Enterprise Value (EV)		 162 225 263 261 256 187 72 510 558 553 543
Market Capitalization		 153 170 178 202 203 181 182 285 293 301 272
Book Value per Share		 $39.91 $36.80 $36.95 $39.68 $43.91 $49.53 $53.77 $50.40 $59.43 $62.97 $70.46
Tangible Book Value per Share		 $32.07 $29.88 $29.72 $32.57 $36.91 $41.11 $45.42 $42.18 $40.43 $44.35 $52.13
Total Capital		 161 203 244 230 240 283 286 457 602 597 647
Total Debt		 42 80 115 91 85 89 74 257 322 298 309
Total Long-Term Debt		 42 80 115 91 85 89 74 257 322 298 309
Net Debt		 9.55 55 86 59 52 6.37 -110 225 265 252 271
Capital Expenditures (CapEx)		 0.00 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 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 42 80 115 91 85 89 74 257 322 298 309
Total Depreciation and Amortization (D&A)		 2.52 2.62 1.64 1.39 0.81 -1.67 -1.21 0.97 -0.02 -0.01 -1.09
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.84 $3.78 $3.74 $5.14 $5.54 $6.60 $7.38 $7.32 $4.06 $5.86 $7.62
Adjusted Weighted Average Basic Shares Outstanding		 3.03M 3.34M 3.48M 3.51M 3.52M 3.81M 3.95M 3.97M 4.38M 4.75M 4.80M
Adjusted Diluted Earnings per Share		 $3.83 $3.78 $3.74 $5.14 $5.53 $6.59 $7.38 $7.32 $4.06 $5.85 $7.62
Adjusted Weighted Average Diluted Shares Outstanding		 3.03M 3.34M 3.48M 3.51M 3.52M 3.81M 3.95M 3.97M 4.38M 4.76M 4.80M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 3.34M 3.32M 3.48M 3.50M 3.53M 3.91M 3.94M 3.97M 4.71M 4.76M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 13 13 13 18 20 27 29 29 25 28 37
Normalized NOPAT Margin		 32.73% 27.56% 25.81% 32.63% 34.08% 36.55% 37.13% 35.79% 27.74% 27.19% 32.55%
Pre Tax Income Margin		 37.50% 34.17% 37.43% 38.79% 39.97% 41.25% 45.04% 43.35% 23.42% 33.07% 40.27%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.98 3.11 3.26 2.28 1.94 3.75 4.97 3.16 0.46 0.50 0.74
NOPAT to Interest Expense		 2.41 2.51 2.23 1.88 1.62 3.10 4.10 2.59 0.38 0.41 0.60
EBIT Less CapEx to Interest Expense		 2.98 3.11 3.26 2.28 1.94 3.75 4.97 3.16 0.46 0.50 0.74
NOPAT Less CapEx to Interest Expense		 2.41 2.51 2.23 1.88 1.62 3.10 4.10 2.59 0.38 0.41 0.60
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 44.31% 40.20% 39.75% 33.91% 32.40% 26.05% 25.36% 26.11% 47.74% 33.44% 26.11%
Augmented Payout Ratio		 65.42% 65.74% 47.26% 40.43% 39.03% 34.50% 30.07% 30.51% 49.23% 34.40% 27.60%

Quarterly Metrics And Ratios for Citizens Financial Services

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - 4,759,471.00 4,759,672.00 4,807,314.00 4,807,314.00 4,807,314.00 4,804,936.00
DEI Adjusted Shares Outstanding		 - - - - - 4,759,471.00 4,759,672.00 4,807,314.00 4,807,314.00 4,807,314.00 4,804,936.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - 1.60 1.78 2.08 2.18 2.16 2.12
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 17.29% 28.02% 21.95% -3.79% 3.42% 1.93% 10.87% 15.61% 12.96% 12.77% 8.77%
EBITDA Growth		 -4.48% -2.73% 219.89% 7.91% 8.76% 10.61% 71.31% 31.38% 22.37% 32.91% 16.57%
EBIT Growth		 -4.92% 0.30% 219.81% 1.13% 3.47% 10.88% 63.06% 33.62% 34.30% 34.75% 18.48%
NOPAT Growth		 -4.25% 2.29% 241.33% -0.16% 5.88% 8.50% 60.44% 32.76% 31.32% 36.15% 20.37%
Net Income Growth		 -4.25% 2.29% 227.29% -0.16% 5.88% 8.50% 60.44% 32.76% 31.32% 36.15% 20.37%
EPS Growth		 -8.51% -12.87% 211.00% 0.00% -3.49% 7.43% 60.00% 33.12% 32.32% 35.85% 20.45%
Operating Cash Flow Growth		 82.07% 29.29% 140.26% -16.25% -35.32% -18.66% 98.01% -53.79% 59.59% 64.62% -101.49%
Free Cash Flow Firm Growth		 16.15% 74.08% 87.63% 146.29% 108.94% 37.04% 108.35% -219.46% -423.48% 314.97% -3,899.24%
Invested Capital Growth		 31.54% 12.95% 6.86% -8.37% -0.71% 7.79% 0.90% 14.50% 8.38% -11.14% 19.14%
Revenue Q/Q Growth		 -2.77% 2.31% -4.99% 1.80% 4.52% 0.83% 3.34% 6.15% 2.12% 0.66% -0.32%
EBITDA Q/Q Growth		 11.09% -10.36% -29.15% 52.97% 11.96% -10.60% 10.31% 17.32% 6.33% -2.90% -3.76%
EBIT Q/Q Growth		 0.84% -7.84% -24.86% 44.80% 3.18% -3.26% 11.09% 18.66% 5.87% -2.93% -2.84%
NOPAT Q/Q Growth		 -0.11% -6.84% -24.90% 42.86% 5.93% -4.53% 11.05% 18.22% 4.78% -1.02% -1.82%
Net Income Q/Q Growth		 -0.11% -6.84% -24.90% 42.86% 5.93% -4.53% 11.05% 18.22% 4.78% -1.02% -1.82%
EPS Q/Q Growth		 8.18% -14.37% -25.50% 43.24% 4.40% -3.05% 10.00% 18.75% 3.83% -0.46% -1.85%
Operating Cash Flow Q/Q Growth		 118.20% -16.98% -77.54% 105.86% 68.51% 4.41% -45.33% -51.96% 481.91% 7.70% -100.49%
Free Cash Flow Firm Q/Q Growth		 -13.06% 57.64% 40.27% 261.83% -78.16% -398.14% 107.93% -2,414.19% 40.85% 298.13% -240.08%
Invested Capital Q/Q Growth		 3.95% -5.89% 9.72% -14.63% 12.65% 2.15% 2.71% -3.13% 6.62% -16.24% 37.72%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 37.01% 32.42% 24.18% 36.33% 38.92% 35.18% 37.36% 41.28% 42.99% 41.47% 40.04%
EBIT Margin		 36.40% 32.79% 25.93% 36.88% 36.41% 35.67% 38.14% 42.63% 44.20% 42.62% 41.54%
Profit (Net Income) Margin		 29.75% 27.09% 21.41% 30.05% 30.46% 28.84% 30.99% 34.51% 35.40% 34.82% 34.29%
Tax Burden Percent		 81.74% 82.63% 82.58% 81.47% 83.64% 80.85% 81.25% 80.95% 80.11% 81.69% 82.55%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 18.26% 17.37% 17.42% 18.53% 16.36% 19.15% 18.75% 19.05% 19.89% 18.31% 17.45%
Return on Invested Capital (ROIC)		 5.16% 4.95% 3.63% 5.47% 5.17% 5.02% 5.21% 6.61% 6.39% 6.99% 5.90%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.16% 4.95% 3.63% 5.47% 5.17% 5.02% 5.21% 6.61% 6.39% 6.99% 5.90%
Return on Net Nonoperating Assets (RNNOA)		 6.23% 5.71% 4.31% 5.34% 5.53% 4.97% 5.63% 5.40% 6.08% 5.37% 6.26%
Return on Equity (ROE)		 11.39% 10.66% 7.94% 10.81% 10.71% 9.99% 10.85% 12.00% 12.47% 12.36% 12.15%
Cash Return on Invested Capital (CROIC)		 -23.88% -8.80% -2.08% 13.67% 5.35% -2.66% 4.17% -7.53% -2.16% 18.62% -11.49%
Operating Return on Assets (OROA)		 1.26% 1.22% 0.91% 1.24% 1.24% 1.23% 1.35% 1.53% 1.63% 1.63% 1.59%
Return on Assets (ROA)		 1.03% 1.01% 0.75% 1.01% 1.03% 0.99% 1.10% 1.24% 1.31% 1.33% 1.32%
Return on Common Equity (ROCE)		 11.39% 10.66% 7.94% 10.81% 10.71% 9.99% 10.85% 12.00% 12.47% 12.36% 12.15%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 6.36% 9.56% 9.17% 0.00% 9.22% 10.08% 10.40% 0.00% 11.45% 11.63%
Net Operating Profit after Tax (NOPAT)		 7.54 7.02 5.28 7.54 7.98 7.62 8.46 10 10 10 10
NOPAT Margin		 29.75% 27.09% 21.41% 30.05% 30.46% 28.84% 30.99% 34.51% 35.40% 34.82% 34.29%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 43.00% 45.70% 45.37% 44.62% 42.65% 45.06% 42.02% 39.72% 37.17% 40.18% 40.05%
Operating Expenses to Revenue		 62.82% 64.19% 65.94% 63.91% 63.59% 61.97% 59.12% 55.65% 54.12% 55.70% 56.78%
Earnings before Interest and Taxes (EBIT)		 9.22 8.50 6.39 9.25 9.54 9.43 10 12 13 13 12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 9.38 8.41 5.96 9.11 10 9.30 10 12 13 12 12
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.05 0.81 0.74 0.94 1.01 0.87 0.89 0.88 0.80 0.00 0.99
Price to Tangible Book Value (P/TBV)		 1.54 1.18 1.07 1.33 1.43 1.22 1.24 1.21 1.09 0.00 1.31
Price to Revenue (P/Rev)		 3.19 2.35 2.07 2.77 2.96 2.61 2.66 2.66 2.42 0.00 2.95
Price to Earnings (P/E)		 16.45 12.74 7.72 10.22 10.83 9.41 8.84 8.51 7.43 0.00 8.48
Dividend Yield		 3.13% 4.02% 4.36% 3.34% 3.10% 3.50% 3.35% 3.28% 3.52% 3.26% 2.77%
Earnings Yield		 6.08% 7.85% 12.95% 9.79% 9.23% 10.62% 11.31% 11.76% 13.45% 0.00% 11.79%
Enterprise Value to Invested Capital (EV/IC)		 0.93 0.85 0.81 0.89 0.93 0.87 0.86 0.88 0.84 0.00 0.94
Enterprise Value to Revenue (EV/Rev)		 6.08 4.91 4.94 4.66 5.43 5.17 5.14 4.91 4.83 0.00 5.92
Enterprise Value to EBITDA (EV/EBITDA)		 25.96 22.53 15.66 14.33 16.42 15.21 13.92 12.84 12.30 0.00 14.30
Enterprise Value to EBIT (EV/EBIT)		 25.94 22.24 15.16 14.11 16.42 15.19 13.98 12.82 12.01 0.00 13.87
Enterprise Value to NOPAT (EV/NOPAT)		 31.34 26.66 18.41 17.20 19.88 18.61 17.07 15.69 14.85 0.00 17.04
Enterprise Value to Operating Cash Flow (EV/OCF)		 21.03 16.19 12.57 12.10 16.67 17.24 16.04 17.65 14.87 0.00 18.63
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 6.21 17.25 0.00 20.72 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.15 1.00 1.17 0.78 0.99 0.98 1.00 0.85 0.92 0.58 1.12
Long-Term Debt to Equity		 1.15 1.00 1.17 0.78 0.99 0.98 1.00 0.85 0.92 0.58 1.12
Financial Leverage		 1.21 1.15 1.19 0.98 1.07 0.99 1.08 0.82 0.95 0.77 1.06
Leverage Ratio		 11.06 10.60 10.62 10.66 10.36 10.05 9.86 9.71 9.55 9.27 9.24
Compound Leverage Factor		 11.06 10.60 10.62 10.66 10.36 10.05 9.86 9.71 9.55 9.27 9.24
Debt to Total Capital		 53.52% 50.08% 53.89% 43.69% 49.83% 49.49% 49.97% 46.04% 47.79% 36.65% 52.76%
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% 0.00%
Long-Term Debt to Total Capital		 53.52% 50.08% 53.89% 43.69% 49.83% 49.49% 49.97% 46.04% 47.79% 36.65% 52.76%
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% 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% 0.00%
Common Equity to Total Capital		 46.48% 49.92% 46.11% 56.31% 50.17% 50.51% 50.03% 53.96% 52.21% 63.35% 47.24%
Debt to EBITDA		 14.98 13.34 10.40 7.05 8.84 8.69 8.08 6.72 7.01 4.21 8.06
Net Debt to EBITDA		 12.33 11.76 9.09 5.82 7.47 7.52 6.71 5.88 6.15 3.43 7.18
Long-Term Debt to EBITDA		 14.98 13.34 10.40 7.05 8.84 8.69 8.08 6.72 7.01 4.21 8.06
Debt to NOPAT		 18.08 15.78 12.23 8.47 10.70 10.63 9.91 8.21 8.46 5.05 9.60
Net Debt to NOPAT		 14.89 13.92 10.68 6.98 9.05 9.20 8.22 7.18 7.42 4.11 8.56
Long-Term Debt to NOPAT		 18.08 15.78 12.23 8.47 10.70 10.63 9.91 8.21 8.46 5.05 9.60
Noncontrolling Interest Sharing Ratio		 0.00% 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)		 -137 -58 -35 56 12 -36 2.89 -67 -40 78 -110
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% 0.00%
Free Cash Flow to Firm to Interest Expense		 -8.21 -3.41 -2.08 3.22 0.72 -2.28 0.19 -4.43 -2.65 5.53 -7.95
Operating Cash Flow to Interest Expense		 0.97 0.79 0.18 0.36 0.62 0.68 0.40 0.19 1.12 1.27 -0.01
Operating Cash Flow Less CapEx to Interest Expense		 0.97 0.79 0.18 0.36 0.62 0.68 0.40 0.19 1.12 1.27 -0.01
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.04 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 4.71 5.04 4.82 4.73 4.76 4.79 4.92 5.10 5.30 5.47 5.57
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 602 566 621 530 597 610 627 607 647 542 747
Invested Capital Turnover		 0.17 0.18 0.17 0.18 0.17 0.17 0.17 0.19 0.18 0.20 0.17
Increase / (Decrease) in Invested Capital		 144 65 40 -48 -4.25 44 5.57 77 50 -68 120
Enterprise Value (EV)		 558 479 504 471 553 529 539 534 543 0.00 699
Market Capitalization		 293 229 212 280 301 267 279 290 272 0.00 348
Book Value per Share		 $59.43 $60.05 $60.86 $62.74 $62.97 $64.78 $65.90 $68.16 $70.46 $71.61 $73.43
Tangible Book Value per Share		 $40.43 $41.10 $41.95 $44.08 $44.35 $46.19 $47.35 $49.83 $52.13 $53.30 $55.18
Total Capital		 602 566 621 530 597 610 627 607 647 542 747
Total Debt		 322 284 335 232 298 302 313 280 309 199 394
Total Long-Term Debt		 322 284 335 232 298 302 313 280 309 199 394
Net Debt		 265 250 293 191 252 261 260 245 271 162 351
Capital Expenditures (CapEx)		 0.00 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 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 322 284 335 232 298 302 313 280 309 199 394
Total Depreciation and Amortization (D&A)		 0.16 -0.09 -0.43 -0.14 0.66 -0.13 -0.21 -0.39 -0.36 -0.34 -0.45
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.72 $1.49 $1.11 $1.59 $1.67 $1.60 $1.76 $2.09 $2.17 $2.16 $2.12
Adjusted Weighted Average Basic Shares Outstanding		 4.43M 4.70M 4.75M 4.75M 4.75M 4.75M 4.80M 4.80M 4.80M 4.80M 4.80M
Adjusted Diluted Earnings per Share		 $1.72 $1.49 $1.11 $1.59 $1.66 $1.60 $1.76 $2.09 $2.17 $2.16 $2.12
Adjusted Weighted Average Diluted Shares Outstanding		 4.43M 4.70M 4.75M 4.75M 4.76M 4.75M 4.80M 4.80M 4.80M 4.80M 4.80M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 4.71M 4.71M 4.76M 4.76M 4.76M 4.76M 4.81M 0.00 0.00 4.80M 4.81M
Normalized Net Operating Profit after Tax (NOPAT)		 7.54 7.02 5.28 7.54 7.98 7.62 8.44 10 10 10 10
Normalized NOPAT Margin		 29.75% 27.09% 21.41% 30.05% 30.46% 28.84% 30.89% 34.51% 35.40% 34.82% 34.29%
Pre Tax Income Margin		 36.40% 32.79% 25.93% 36.88% 36.41% 35.67% 38.14% 42.63% 44.20% 42.62% 41.54%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.55 0.50 0.38 0.53 0.56 0.59 0.69 0.82 0.88 0.90 0.89
NOPAT to Interest Expense		 0.45 0.41 0.32 0.43 0.47 0.48 0.56 0.66 0.70 0.73 0.74
EBIT Less CapEx to Interest Expense		 0.55 0.50 0.38 0.53 0.56 0.59 0.69 0.82 0.88 0.90 0.89
NOPAT Less CapEx to Interest Expense		 0.45 0.41 0.32 0.43 0.47 0.48 0.56 0.66 0.70 0.73 0.74
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 47.74% 49.44% 33.78% 33.88% 33.44% 32.91% 29.76% 27.82% 26.11% 24.40% 23.53%
Augmented Payout Ratio		 49.23% 51.16% 35.04% 34.63% 34.40% 33.89% 31.29% 29.09% 27.60% 26.04% 24.88%

Financials Breakdown Chart

Key Financial Trends

Citizens Financial Services (NASDAQ:CZFS) showed continued earnings growth in Q2 2026, although cash-flow quality and funding trends were mixed. Net income increased to $10.2 million from $8.5 million in Q2 2025, a gain of approximately 20%. Basic and diluted EPS rose to $2.12 from $1.76. However, earnings were slightly lower than Q1 2026, when net income was $10.4 million and EPS was $2.16.

Revenue reached $29.7 million in Q2 2026, up from $27.3 million a year earlier. Net interest income increased 8.7% year over year to $25.7 million, while non-interest income rose 9.5% to $4.0 million. The company also benefited from a lower provision for credit losses, which declined to $500,000 from $750,000 in Q2 2025.

  • Strong multi-year earnings growth: Quarterly net income increased from $6.9 million in Q1 2023 and $5.3 million in Q2 2024 to $10.2 million in Q2 2026. The company has also recovered from the $4.1 million loss reported in Q2 2023.
  • Net interest income continues to expand: Net interest income rose from $18.1 million in Q1 2023 to $25.7 million in Q2 2026. The Q2 2026 result was also higher than the $23.6 million recorded in Q2 2025.
  • Operating leverage improved year over year: Total revenue grew 8.8% from Q2 2025, while non-interest expense increased only 4.5% to $16.9 million. This helped support higher pre-tax income and net income.
  • Credit-loss provision remained manageable: The provision for credit losses stayed at $500,000 in Q2 2026, below the $750,000 charge in Q2 2025 and the $2.0 million charge in Q2 2024.
  • Balance-sheet scale has increased: Total assets reached $3.19 billion at June 30, 2026, up from $2.95 billion in Q2 2023 and $2.95 billion in Q2 2024. Total common equity also increased to $352.8 million from $263.2 million in Q2 2023.
  • Deposits remain higher than a year ago: Total deposits were approximately $2.39 billion at the end of Q2 2026, up from approximately $2.29 billion in Q2 2025, providing a larger funding base despite the latest quarterly decline.
  • Shareholder distributions have been consistent: The company paid $2.45 million in dividends during Q2 2026, and the quarterly dividend per share was $0.50 in Q1 2026, compared with $0.48 in Q2 2024 and $0.45 in Q4 2022.
  • Investment securities are a significant balance-sheet component: Trading account securities totaled approximately $500.0 million at June 30, 2026, or about 15.7% of total assets. This portfolio can contribute income but may also introduce exposure to interest-rate and market-value changes.
  • Operating cash flow weakened sharply: Net cash from operating activities was negative $89,000 in Q2 2026, compared with positive cash flow of $18.0 million in Q1 2026 and $6.0 million in Q2 2025. This was well below the positive operating cash flow reported in most earlier quarters.
  • Q2 cash generation relied on new debt: The company purchased $171.1 million of investment securities and generated negative $139.5 million of investing cash flow. Financing cash flow was positive $145.9 million, largely because of $205.2 million in debt issuance, while long-term debt increased to $394.0 million from $198.7 million at the end of Q1.

Overall, CZFS has produced a favorable earnings trend, with rising net interest income, improving EPS and a growing equity base. The main issues for investors to monitor are the sharp deterioration in operating cash flow, the recent increase in leverage, quarterly deposit volatility and the company’s substantial investment-securities exposure. The balance-sheet data reports net loans and leases of zero, so loan-growth conclusions should be drawn cautiously from the provided standardized figures.

10/16/26 11:43 PM ETAI Generated. May Contain Errors.

Citizens Financial Services Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Citizens Financial Services' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Citizens Financial Services' net income appears to be on an upward trend, with a most recent value of $36.57 million in 2025, rising from $11.63 million in 2015. The previous period was $27.82 million in 2024. Find out what analysts predict for Citizens Financial Services in the coming months.

Over the last 10 years, Citizens Financial Services' total revenue changed from $38.26 million in 2015 to $112.35 million in 2025, a change of 193.7%.

In the past 13 quarters, Citizens Financial Services' cash and equivalents has ranged from $14.05 million in Q1 2024 to $30.34 million in Q2 2026, and is currently $30.34 million as of their latest financial filing in Q2 2026.

Citizens Financial Services had total debt of $309.45 million at the end of 2025, a 3.9% increase from 2024, and a 643.3% increase since 2015.

Over the last 10 years, Citizens Financial Services' book value per share changed from 39.91 in 2015 to 70.46 in 2025, a change of 76.6%.


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Financial statements for NASDAQ:CZFS last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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