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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% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 81.87 | 91.86 | 100.75 | 112.34 |
| Operating Revenue | - | 81.87 | 91.86 | 100.75 | 112.34 |
| Selling General And Administration | - | 28.51 | 36.47 | 41.34 | 41.11 |
| Interest Income | - | 82.73 | 125.71 | 152.77 | 157.47 |
| Interest Expense | - | 11.22 | 46.86 | 67.86 | 61.17 |
| Net Interest Income | - | 71.51 | 78.85 | 84.90 | 96.30 |
| Pretax Income | - | 35.49 | 21.58 | 33.88 | 45.24 |
| Tax Provision | - | 6.44 | 3.76 | 6.06 | 8.67 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.05 | -1.62 | 0.20 | 0 |
| Net Income Continuous Operations | - | 29.06 | 17.81 | 27.82 | 36.57 |
| Net Income From Continuing And Discontinued Operation | - | 29.06 | 17.81 | 27.82 | 36.57 |
| Net Income From Continuing Operation Net Minority Interest | - | 29.06 | 17.81 | 27.82 | 36.57 |
| Net Income | - | 29.06 | 17.81 | 27.82 | 36.57 |
| Net Income Common Stockholders | - | 29.06 | 17.81 | 27.82 | 36.57 |
| Net Income Including Noncontrolling Interests | - | 29.06 | 17.81 | 27.82 | 36.57 |
| Normalized Income | - | 29.30 | 25.46 | 26.91 | 36.57 |
| Diluted NI Availto Com Stockholders | - | 29.06 | 17.81 | 27.82 | 36.57 |
| Basic Average Shares | - | 4.09 | 4.47 | 4.80 | 4.80 |
| Diluted Average Shares | - | 4.09 | 4.47 | 4.80 | 4.80 |
| Reconciled Depreciation | - | 1.03 | 1.52 | 1.81 | 2.10 |
| Total Unusual Items | - | -0.29 | -9.27 | 1.10 | 0 |
| Total Unusual Items Excluding Goodwill | - | -0.29 | -9.27 | 1.10 | 0 |
| 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 |
| General And Administrative Expense | - | 28.51 | 36.47 | 41.34 | 41.11 |
| Other Gand A | 1.32 | 1.45 | 1.78 | - | - |
| Salaries And Wages | - | 27.84 | 34.99 | 39.35 | 39.40 |
| Insurance And Claims | - | 0.68 | 1.48 | 2 | 1.71 |
| Amortization | - | 0.16 | 0.37 | 0.56 | 0.48 |
| Amortization Of Intangibles Income Statement | - | 0.16 | 0.37 | 0.56 | 0.48 |
| Occupancy And Equipment | - | 3.70 | 4.94 | 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 | $308M | 8.43↓ discount | 0.91 | 10.8% | - |
| American Integrity Insurance Group, Inc. | AII | $321M | 3.22 | 0.95 | 29.6% | - |
| CoastalSouth Bancshares, Inc. | COSO | $314M | 12.63 | 1.21 | 9.6% | - |
| Onity Group Inc. | ONIT | $312M | 1.65 | 0.50 | 30.2% | 64.46 |
| Value Line, Inc. |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| VALU |
| $305M |
| 14.75 |
| 3.06 |
| 20.8% |
| 37.84 |
| NI Holdings, Inc. | NODK | $299M | - | 1.24 | -4.3% | - |
| John Marshall Bancorp, Inc. | JMSB | $299M | 14.06 | 1.12 | 8.0% | - |
| FS Bancorp, Inc. | FSBW | $297M | 8.91 | 0.97 | 10.8% | - |
| Blue Ridge Bankshares, Inc. | BRBS | $295M | 27.54 | 0.91 | 3.3% | - |
| Peer Median | - | 12.63 | 1.05 | 10.2% | 51.15 | |