Recent Updates — CZFS
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.
Citizens Financial Services, Inc. reported unaudited second quarter 2026 financial results for the period ended June 30, 2026. Net income increased to $10.2 million from $8.5 million in the prior year comparable period, driven by an increase in net interest income after a provision for credit losses of $500,000. For the first six months of 2026, net income totaled $20.6 million, up 27.9% from $16.1 million in 2025. The company declared a quarterly cash dividend of $0.51 per share, representing a 4.0% increase over the prior year's $0.49 payment. Total assets reached $3.19 billion as of June 30, 2026, with loans growing to $2.37 billion and non-performing assets increasing to $43.4 million. Citizens Financial Services, Inc. operates in the banking industry as the parent company of First Citizens Community Bank.
Citizens Financial Services, Inc. appointed John D. Behm to its Board of Directors on June 16, 2026. The company updated its executive compensation disclosures, specifically regarding 2025 annual incentive plan awards, 2025 fiscal year total compensation for named executive officers, 10.0% SERP benefit for CFO Stephen J. Guillaume, a CEO pay ratio of 36.9. Citizens Financial Services, Inc. is a financial services company providing banking services through its subsidiary, First Citizens Community Bank.