Earnings ·
Reports Q3 net income of $11.9 million and YTD earnings of $32.5 million
CZFSCitizens Financial Services Inc
Citizens Financial Services reported unaudited third-quarter 2026 net income of $11.9 million, an increase of $1.9 million from the prior year period. For the first nine months of 2026, net income totaled $32.5 million, up 24.5% from $26.1 million in the comparable 2025 period. The results were driven by a 10.1% increase in net interest income before credit loss provisions to $79.1 million and lower provision expenses of $1.0 million compared to $1.875 million last year. Earnings per share rose to $6.77 for the nine-month period from $5.44. The company also declared a quarterly cash dividend of $0.51 per share, a 2% increase over the prior year's payout. Citizens Financial Services operates as a bank holding company providing commercial and retail banking services through its subsidiary, First Citizens Community Bank.