Citizens Financial Services Inc
CZFS Nasdaq State Commercial Banks Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$9.9M
2.8%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
655.1%
25.3 pts
Net income
Profit after all expenses, interest and tax.
$36.6M
31.5%
Return on equity
Net income as a share of average shareholders' equity.
11.5%
1.9 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $8.55 EPS (TTM)
What Citizens Financial Services Inc does
No business description yet.
- Legal name
- CITIZENS FINANCIAL SERVICES INC
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 12, 2026
- Accession · CIK
- 0001140361-26-009103
0000739421
Revenue and margins
Citizens Financial Services Inc had $9.9M of revenue in fiscal 2025, up 2.8% on the year before.
FY16
Revenue $45.9M
FY17
Revenue $50.9M
FY18
Revenue $6.5M
FY19
Revenue $6.9M
FY20
Revenue $6.7M
FY21
Revenue $7.7M
FY22
Revenue $8.6M
FY23
Revenue $9.0M
FY24
Revenue $9.6M
FY25
Revenue $9.9M
Q3 '23
Revenue $2.6M
Q4 '23
Revenue $2.3M
Q1 '24
Revenue $2.4M
Q2 '24
Revenue $2.4M
Q3 '24
Revenue $2.5M
Q4 '24
Revenue $2.3M
Q1 '25
Revenue $2.4M
Q2 '25
Revenue $2.4M
Q3 '25
Revenue $2.8M
Q4 '25
Revenue $2.3M
Q1 '26
Revenue $2.3M
Q2 '26
Revenue $2.4M
FY16
Net interest share 82.8%
Efficiency ratio 62.5%
FY17
Net interest share 83.0%
Efficiency ratio 57.6%
FY18
Net interest share 724.6%
Efficiency ratio 484.6%
FY19
Net interest share 721.1%
Efficiency ratio 481.4%
FY20
Net interest share 933.8%
Efficiency ratio 613.3%
FY21
Net interest share 854.5%
Efficiency ratio 537.0%
FY22
Net interest share 840.0%
Efficiency ratio 520.5%
FY23
Net interest share 894.6%
Efficiency ratio 721.8%
FY24
Net interest share 899.6%
Efficiency ratio 680.4%
FY25
Net interest share 991.8%
Efficiency ratio 655.1%
Net interest share
Efficiency ratio
Q3 '23
Net interest share 862.7%
Efficiency ratio 633.2%
Q4 '23
Net interest share 962.8%
Efficiency ratio 698.7%
Q1 '24
Net interest share 868.5%
Efficiency ratio 689.7%
Q2 '24
Net interest share 891.2%
Efficiency ratio 679.7%
Q3 '24
Net interest share 849.6%
Efficiency ratio 638.6%
Q4 '24
Net interest share 995.3%
Efficiency ratio 716.6%
Q1 '25
Net interest share 943.1%
Efficiency ratio 671.5%
Q2 '25
Net interest share 999.1%
Efficiency ratio 682.2%
Q3 '25
Net interest share 907.3%
Efficiency ratio 582.2%
Q4 '25
Net interest share 1,138.1%
Efficiency ratio 695.7%
Q1 '26
Net interest share 1,117.4%
Efficiency ratio 710.4%
Q2 '26
Net interest share 1,051.7%
Efficiency ratio 690.4%
Net interest share
Efficiency ratio
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 8.8% a year. Loss periods are shown in red.
FY16
Net income $12.6M
FY17
Net income $13.0M
FY18
Net income $18.0M
FY19
Net income $19.5M
FY20
Net income $25.1M
FY21
Net income $29.1M
FY22
Net income $29.1M
FY23
Net income $17.8M
FY24
Net income $27.8M
FY25
Net income $36.6M
Q3 '23
Net income $7.5M
Q4 '23
Net income $7.5M
Q1 '24
Net income $7.0M
Q2 '24
Net income $5.3M
Q3 '24
Net income $7.5M
Q4 '24
Net income $8.0M
Q1 '25
Net income $7.6M
Q2 '25
Net income $8.5M
Q3 '25
Net income $10.0M
Q4 '25
Net income $10.5M
Q1 '26
Net income $10.4M
Q2 '26
Net income $10.2M
FY16
Diluted EPS $3.57
FY17
Diluted EPS $3.67
FY18
Diluted EPS $5.04
FY19
Diluted EPS $5.41
FY20
Diluted EPS $6.46
FY21
Diluted EPS $7.24
FY22
Diluted EPS $7.17
FY23
Diluted EPS $3.98
FY24
Diluted EPS $5.79
FY25
Diluted EPS $7.62
Q3 '23
Diluted EPS $1.59
Q4 '23
Diluted EPS $1.68
Q1 '24
Diluted EPS $1.48
Q2 '24
Diluted EPS $1.10
Q3 '24
Diluted EPS $1.57
Q4 '24
Diluted EPS $1.64
Q1 '25
Diluted EPS $1.59
Q2 '25
Diluted EPS $1.76
Q3 '25
Diluted EPS $2.09
Q4 '25
Diluted EPS $2.18
Q1 '26
Diluted EPS $2.16
Q2 '26
Diluted EPS $2.12
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY16
ROE 10.3%
ROTE 12.6%
Efficiency ratio 62.5%
FY17
ROE 10.3%
ROTE 12.6%
Efficiency ratio 57.6%
FY18
ROE 13.4%
ROTE 15.8%
Efficiency ratio 484.6%
FY19
ROE 13.3%
ROTE 15.0%
Efficiency ratio 481.4%
FY20
ROE 14.4%
ROTE 15.6%
Efficiency ratio 613.3%
FY21
ROE 14.3%
ROTE 16.2%
Efficiency ratio 537.0%
FY22
ROE 14.1%
ROTE 17.3%
Efficiency ratio 520.5%
FY23
ROE 7.4%
ROTE 9.4%
Efficiency ratio 721.8%
FY24
ROE 9.6%
ROTE 13.2%
Efficiency ratio 680.4%
FY25
ROE 11.5%
ROTE 14.6%
Efficiency ratio 655.1%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
Citizens Financial Services Inc returned $9.9M to shareholders in fiscal 2025, 28% of free cash flow. The diluted share count fell 0.0%.
FY16
Dividends $5.1M
Buybacks $3.2M
FY17
Dividends $5.2M
Buybacks $1.0M
FY18
Dividends $6.1M
Buybacks $1.2M
FY19
Dividends $6.3M
Buybacks $1.3M
FY20
Dividends $6.5M
Buybacks $2.1M
FY21
Dividends $7.4M
Buybacks $1.4M
FY22
Dividends $7.6M
Buybacks $1.3M
FY23
Dividends $8.5M
Buybacks $0.3M
FY24
Dividends $9.3M
Buybacks $0.2M
FY25
Dividends $9.5M
Buybacks $0.4M
Dividends
Buybacks
Q3 '23
Dividends $2.3M
Buybacks $0.3M
Q4 '23
Dividends $2.3M
Buybacks $0.0M
Q1 '24
Dividends $2.3M
Buybacks $0.0M
Q2 '24
Dividends $2.3M
Buybacks $0.0M
Q3 '24
Dividends $2.3M
Buybacks $0.1M
Q4 '24
Dividends $2.3M
Buybacks −$0.0M
Q1 '25
Dividends $2.4M
Buybacks $0.1M
Q2 '25
Dividends $2.4M
Buybacks $0.2M
Q3 '25
Dividends $2.4M
Buybacks $0.1M
Q4 '25
Dividends $2.4M
Buybacks −$0.0M
Q1 '26
Dividends $2.4M
Buybacks $0.2M
Q2 '26
Dividends $2.5M
Buybacks $0.1M
Dividends
Buybacks
FY16
Diluted shares 0.00B
FY17
Diluted shares 0.00B
FY18
Diluted shares 0.00B
FY19
Diluted shares 0.00B
FY20
Diluted shares 0.00B
FY21
Diluted shares 0.00B
FY22
Diluted shares 0.00B
FY23
Diluted shares 0.00B
FY24
Diluted shares 0.00B
FY25
Diluted shares 0.00B
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY16
Loans $791M
Deposits $1.0B
FY17
Loans $989M
Deposits $1.1B
FY18
Loans $1.1B
Deposits $1.2B
FY19
Loans $1.1B
Deposits $1.2B
FY20
Loans $1.4B
Deposits $1.6B
FY21
Loans $1.4B
Deposits $1.8B
FY22
Loans $1.7B
Deposits $1.8B
FY23
Loans —
Deposits $2.3B
FY24
Loans —
Deposits $2.4B
FY25
Loans —
Deposits $2.4B
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $1.4B | $1.7B | — | — | — |
| Deposits | $1.8B | $1.8B | $2.3B | $2.4B | $2.4B |
| Loans / deposits | 77.6% | 92.5% | — | — | — |
| Total assets | $2.1B | $2.3B | $3.0B | $3.0B | $3.1B |
| Shareholders' equity | $212M | $200M | $280M | $300M | $338M |
| Goodwill | $31.4M | $31.4M | $85.8M | $85.8M | $85.8M |
| Intangible assets | $1.6M | $1.3M | $3.7M | $2.9M | $2.2M |
| Provision / loans | 0.1% | 0.1% | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $45.9M | $50.9M | $6.5M | $6.9M | $6.7M | $7.7M | $8.6M | $9.0M | $9.6M | $9.9M |
| Net interest income | $38.0M | $42.3M | $47.2M | $49.9M | $62.2M | $66.1M | $72.1M | $80.3M | $86.5M | $98.0M |
| Noninterest income | $7.9M | $8.7M | $7.7M | $8.4M | $11.4M | $12.3M | $9.7M | $11.6M | $15.4M | $14.3M |
| Noninterest expense | $28.7M | $29.3M | $31.6M | $33.3M | $40.8M | $41.6M | $44.7M | $64.8M | $65.4M | $64.7M |
| Provision for credit losses | $1.5M | $2.5M | $1.9M | $1.7M | $2.4M | $1.6M | $1.7M | $5.5M | $2.6M | $2.4M |
| Interest expense | $5.0M | $5.8M | $9.6M | $12.0M | $8.1M | $7.1M | $11.2M | $46.9M | — | — |
| Pretax income | $15.7M | $19.1M | $21.4M | $23.3M | $30.4M | $35.3M | $35.5M | $21.6M | $33.9M | $45.2M |
| Income tax | $3.0M | $6.0M | $3.4M | $3.8M | $5.3M | $6.2M | $6.4M | $3.8M | $6.1M | $8.7M |
| Net income | $12.6M | $13.0M | $18.0M | $19.5M | $25.1M | $29.1M | $29.1M | $17.8M | $27.8M | $36.6M |
| Diluted EPS | $3.57 | $3.67 | $5.04 | $5.41 | $6.46 | $7.24 | $7.17 | $3.98 | $5.79 | $7.62 |
| Diluted shares | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B |
| Cash flow | ||||||||||
| Cash from operations | $16.2M | $15.7M | $21.5M | $21.8M | $11.8M | $38.7M | $33.2M | $26.5M | $33.2M | $36.5M |
| Capital expenditure | $0.6M | $0.2M | $0.5M | $0.5M | $0.9M | $1.1M | $1.6M | $2.6M | $1.3M | $1.3M |
| Free cash flow | $15.6M | $15.5M | $21.0M | $21.3M | $10.9M | $37.6M | $31.6M | $23.9M | $31.9M | $35.2M |
| Depreciation and amortization | $0.3M | $0.2M | $0.4M | $1.0M | $1.1M | $1.1M | $1.0M | $1.5M | $1.8M | $2.1M |
| Stock-based compensation | $0.3M | $0.3M | $0.3M | $0.4M | $0.5M | $0.6M | $0.3M | $0.3M | $0.4M | $0.6M |
| Acquisitions | $0.0M | $4.4M | $0.0M | $0.0M | −$1.0M | $0.0M | $0.0M | −$4.9M | $0.0M | $0.0M |
| Share buybacks | $3.2M | $1.0M | $1.2M | $1.3M | $2.1M | $1.4M | $1.3M | $0.3M | $0.2M | $0.4M |
| Dividends paid | $5.1M | $5.2M | $6.1M | $6.3M | $6.5M | $7.4M | $7.6M | $8.5M | $9.3M | $9.5M |
| Dividends and buybacks | $8.3M | $6.2M | $7.3M | $7.6M | $8.7M | $8.8M | $8.9M | $8.8M | $9.5M | $9.9M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $17.8M | $18.5M | $16.8M | $18.5M | $68.7M | $173M | $26.2M | $52.8M | $42.2M | $34.3M |
| Loans, net | $791M | $989M | $1.1B | $1.1B | $1.4B | $1.4B | $1.7B | — | — | — |
| Deposits | $1.0B | $1.1B | $1.2B | $1.2B | $1.6B | $1.8B | $1.8B | $2.3B | $2.4B | $2.4B |
| Property and equipment, net | $17.0M | $16.5M | $16.3M | $15.9M | $16.9M | $17.0M | $17.6M | $21.4M | $21.4M | $21.0M |
| Goodwill | $21.1M | $23.3M | $23.3M | $23.3M | $31.4M | $31.4M | $31.4M | $85.8M | $85.8M | $85.8M |
| Intangible assets | $2.1M | $2.0M | $1.6M | $1.3M | $1.7M | $1.6M | $1.3M | $3.7M | $2.9M | $2.2M |
| Total assets | $1.2B | $1.4B | $1.4B | $1.5B | $1.9B | $2.1B | $2.3B | $3.0B | $3.0B | $3.1B |
| Total liabilities | $1.1B | $1.2B | $1.3B | $1.3B | $1.7B | $1.9B | $2.1B | $2.7B | $2.7B | $2.7B |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $123M | $129M | $139M | $155M | $194M | $212M | $200M | $280M | $300M | $338M |
| Margins | ||||||||||
| Net margin | 27.6% | 25.6% | 276.9% | 281.4% | 376.9% | 376.3% | 338.4% | 198.5% | 289.5% | 370.1% |
| FCF margin | 34.0% | 30.5% | 322.3% | 307.3% | 163.4% | 485.8% | 368.1% | 266.6% | 331.6% | 356.6% |
| Net interest share of revenue | 82.8% | 83.0% | 724.6% | 721.1% | 933.8% | 854.5% | 840.0% | 894.6% | 899.6% | 991.8% |
| Efficiency ratio | 62.5% | 57.6% | 484.6% | 481.4% | 613.3% | 537.0% | 520.5% | 721.8% | 680.4% | 655.1% |
| Returns | ||||||||||
| Return on equity | 10.3% | 10.3% | 13.4% | 13.3% | 14.4% | 14.3% | 14.1% | 7.4% | 9.6% | 11.5% |
| Return on assets | 1.0% | 1.0% | 1.3% | 1.3% | 1.5% | 1.4% | 1.3% | 0.7% | 0.9% | 1.2% |
| Return on tangible equity | 12.6% | 12.6% | 15.8% | 15.0% | 15.6% | 16.2% | 17.3% | 9.4% | 13.2% | 14.6% |
| Growth | ||||||||||
| Revenue growth | — | 11.0% | −87.2% | 6.4% | −3.8% | 16.2% | 11.0% | 4.5% | 7.1% | 2.8% |
| Net income growth | — | 3.1% | 38.5% | 8.1% | 28.8% | 16.0% | −0.2% | −38.7% | 56.2% | 31.5% |
| EPS growth | — | 2.8% | 37.3% | 7.3% | 19.4% | 12.1% | −1.0% | −44.5% | 45.5% | 31.6% |
| FCF growth | — | −0.5% | 35.1% | 1.4% | −48.9% | 245.5% | −15.9% | −24.3% | 33.2% | 10.6% |
| Share count change | — | 0.2% | 0.8% | 0.6% | 7.9% | 3.6% | 0.8% | 10.4% | 7.3% | −0.0% |
| Financial health | ||||||||||
| Loans / deposits | 78.6% | 89.5% | 90.2% | 91.0% | 87.5% | 77.6% | 92.5% | — | — | — |
| Provision / loans | 0.2% | 0.3% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | — | — | — |
| Capital allocation | ||||||||||
| Capex / revenue | 1.3% | 0.4% | 7.7% | 7.0% | 14.1% | 14.3% | 19.0% | 29.2% | 13.7% | 13.1% |
| Stock comp / revenue | 0.6% | 0.5% | 4.7% | 5.3% | 7.1% | 7.9% | 3.9% | 3.4% | 4.3% | 6.3% |
| Payouts / FCF | 53.2% | 39.6% | 34.7% | 35.7% | 79.6% | 23.3% | 28.1% | 36.7% | 29.8% | 28.1% |
| Quality scores | ||||||||||
| Accruals ratio | −0.3% | −0.2% | −0.2% | −0.2% | 0.8% | −0.5% | −0.2% | −0.3% | −0.2% | 0.0% |
Source: SEC EDGAR XBRL filings (CIK 0000739421). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.