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Citizens Financial Services, Inc., a bank holding company, provides various banking products and services for individual, business, governmental, and institutional customers. The company offers various deposit products, such as checking, savings, and time deposit accounts; loan products, including residential, commercial, and agricultural real estate loans; commercial and industrial loans; state and political subdivision loans; and consumer loans, as well as various other specialized financial services. The company also provides professional trust administration, investment management services, estate planning and administration, custody of securities, and individual retirement accounts. In addition, it offers brokerage and financial planning services, as well as assistance in various oil and gas leasing matters; and provides mutual funds, annuities, and health and life insurance products. Citizens Financial Services, Inc. was founded in 1984 and is headquartered in Mansfield, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $112M | - | $37M | $35M | 10.8% | 11.5% | 31.5% |
| 2024 | $101M | - | $28M | $32M | 9.3% | 9.7% | 56.2% |
| 2023 | $92M | - | $18M | $24M | 6.4% | 12.2% | -38.7% |
| 2022 | $82M | - | $29M | $32M | 14.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 81.87 | 91.86 | 100.75 | 112.34 |
| Pretax Income | 35.49 | 21.57 | 33.88 | 45.24 |
| Tax Provision | 6.43 | 3.76 | 6.07 | 8.67 |
| Net Income | 29.06 | 17.81 | 27.82 | 36.57 |
| Net Income Common Stockholders | 29.06 | 17.81 | 27.82 | 36.57 |
| Interest Expense | 11.22 | 46.86 | 67.86 | 61.17 |
| Interest Income | 82.73 | 125.71 | 152.77 | 157.47 |
| Selling General And Administration | 28.51 | 36.47 | 41.34 | 41.11 |
| Normalized Income | 29.30 | 25.46 | 26.91 | 36.57 |
| Basic EPS | 7.10 | 3.98 | 5.80 | 0 |
| Diluted EPS | 7.10 | 3.98 | 5.79 | 0 |
| Tax Effect Of Unusual Items | -0.05 | -1.62 | 0.20 | 0 |
| Tax Rate For Calcs | 0.18 | 0.17 | 0.18 | 0.19 |
| Total Unusual Items | -0.29 | -9.27 | 1.10 | 0 |
| Total Unusual Items Excluding Goodwill | -0.29 | -9.27 | 1.10 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 29.06 | 17.81 | 27.82 | 36.57 |
| Reconciled Depreciation | 1.03 | 1.52 | 1.81 | 2.10 |
| Net Interest Income | 71.51 | 78.85 | 84.91 | 96.30 |
| Net Income From Continuing And Discontinued Operation | 29.06 | 17.81 | 27.82 | 36.57 |
| Diluted Average Shares | 4.09 | 4.47 | 4.80 | 0 |
| Basic Average Shares | 4.09 | 4.47 | 4.80 | 0 |
| Diluted NI Availto Com Stockholders | 29.06 | 17.81 | 27.82 | 36.57 |
| Net Income Including Noncontrolling Interests | 29.06 | 17.81 | 27.82 | 36.57 |
| Net Income Continuous Operations | 29.06 | 17.81 | 27.82 | 36.57 |
| Special Income Charges | -0.29 | -9.27 | 1.10 | 0 |
| Gain On Sale Of Business | 0 | 0 | 1.10 | 0 |
| Restructuring And Mergern Acquisition | 0.29 | 9.27 | 0 | 0 |
| Gain On Sale Of Security | -0.26 | -0.20 | 0.14 | 0.07 |
| Depreciation Amortization Depletion Income Statement | 0.16 | 0.37 | 0.56 | 0.48 |
| Depreciation And Amortization In Income Statement | 0.16 | 0.37 | 0.56 | 0.48 |
| Amortization | 0.16 | 0.37 | 0.56 | 0.48 |
| Amortization Of Intangibles Income Statement | 0.16 | 0.37 | 0.56 | 0.48 |
| General And Administrative Expense | 28.51 | 36.47 | 41.34 | 41.11 |
| Other Gand A | 1.45 | 1.78 | 0 | 0 |
| Insurance And Claims | 0.68 | 1.48 | 2 | 1.71 |
| Salaries And Wages | 27.84 | 34.99 | 39.35 | 39.40 |
| Operating Revenue | 81.87 | 91.86 | 100.75 | 112.34 |
| Occupancy And Equipment | 3.70 | 4.95 | 6.05 | 6.51 |
| Professional Expense And Contract Services Expense | 1.64 | 1.96 | 2.60 | 2.34 |
| Other Non Interest Expense | 10.39 | 11.75 | 14.83 | 14.29 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Citizens Financial Services, Inc.this co. | CZFS | $312M | 7.92↓ discount | 0.92 | 10.8% | - |
| LINKBANCORP, Inc. | LNKB | $322M | 9.54 | 1.05 | 10.9% | - |
| The First Bancorp, Inc. | FNLC | $320M | 8.77 | 1.13 | 12.1% | - |
| BayCom Corp | BCML | $320M | 12.13 | 0.92 | 7.1% | - |
| Timberland Bancorp, Inc. | TSBK |
| $320M |
| 10.54 |
| 1.19 |
| 11.1% |
| - |
| Norwood Financial Corp. | NWFL | $317M | 10.68 | 1.11 | 11.5% | - |
| FS Bancorp, Inc. | FSBW | $311M | 9.65 | 0.98 | 10.8% | - |
| Blue Ridge Bankshares, Inc. | BRBS | $308M | 31.18 | 1.07 | 3.3% | - |
| CoastalSouth Bancshares, Inc. | COSO | $305M | 11.58 | 1.16 | 9.6% | - |
| Peer Median | - | 10.61 | 1.09 | 10.9% | - | |