Citizens Financial Services, Inc. (CZFS)

In the first six months of 2025, Citizens Financial Services, Inc. reported a 30.8% increase in net income to $16.1 million, with basic earnings per share at $3.35. The annualized return on equity was 10.44%, and the annualized return on assets was 1.07%. For the second quarter of 2025, net income increased by 60.4% to $8.5 million, with basic earnings per share at $1.76, attributed to a rise in net interest income and a decrease in the provision for credit losses. Net interest income before the provision for credit losses for the first six months of 2025 increased by 10.4% to $46.7 million, primarily due to higher investment income and lower interest expenses. The company's stock price has largely moved sideways since its uplisting to NASDAQ.

Citizens Financial Services, Inc. experiences some demand seasonality, particularly with its state and political organization depositors. These entities often have seasonal funding timelines, which can lead to an increase in deposit balances during certain periods, such as the first nine months of the year.

Citizens Financial Services, Inc. provides banking activities and services, including deposit accounts like checking, savings, and time deposits. They offer residential, commercial, and agricultural real estate loans, commercial and industrial loans, state and political subdivision loans, and consumer loans. Additionally, they provide trust administration, investment management, estate planning, securities custody, individual retirement accounts, brokerage and financial planning services, oil and gas leasing assistance, mutual funds, annuities, and health and life insurance products.

Citizens Financial Services, Inc. is headquartered in Mansfield, Pennsylvania, and operates a regional network. The company has 39 full-service offices, one limited branch office, and four mortgage centers within its market areas.

There is no specific public information available regarding events that have significantly affected Citizens Financial Services, Inc.'s brand reputation in the past year.

Citizens Financial Services (NASDAQ: CZFS) is owned by a mix of institutional shareholders (26.91%), company insiders (16.12%), and retail investors (56.98%). Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Citizens & Northern Corp, Geode Capital Management LLC, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, IWM - iShares Russell 2000 ETF, VEXMX - Vanguard Extended Market Index Fund Investor Shares, FSSNX - Fidelity Small Cap Index Fund, and Hudock Inc. Key individual insider owners include R. Lowell Coolidge, Randall E. Black (CEO and President), Carol J. Tama, Roger C. Graham Jr., John P Painter II, R Joseph Landy, and Stephen J Guillaume.