Citizens Financial Services, Inc. (CZFS) 10-Year Financial Performance & Capital Metrics

CZFS • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutCitizens Financial Services, Inc. operates as the bank holding company for First Citizens Community Bank that provides various banking products and services for individual, business, governmental, and institutional customers. The company accepts various deposit products, such as checking, savings, and time deposit accounts. Its loan products include 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 mutual funds, annuities, and health and life insurance products. As of December 31, 2021, the company operates thirty full-service banking branches in Potter, Tioga, Bradford, Clinton, Lebanon, Lancaster, Berks, Schuylkill, Centre, and Chester counties, Pennsylvania; Allegany County, New York; and Wilmington and Dover, Delaware, as well as a limited branch office in Union County, Pennsylvania. Citizens Financial Services, Inc. was founded in 1932 and is headquartered in Mansfield, Pennsylvania.Show more

Net Interest Income $85M +7.7%
Total Revenue $169M +21.5%
Net Income $28M +56.2%
Return on Equity 9.6% +29.3%
Net Interest Margin 2.81% +5.9%
Efficiency Ratio 38.24% -18.2%
ROA 0.93% +38.2%
Equity / Assets 9.91% +5.4%
Book Value per Share 63.04 -0.2%
Tangible BV/Share 44.39 +3.3%
Debt/Equity 0.99 -8.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 38.2% efficiency ratio
✓Healthy dividend yield of 3.1%
✓Trading near 52-week high
✓Trading at only 1.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y14.74%

5Y19.1%

3Y25.39%

TTM-

Profit (Net Income) CAGR

10Y7.59%

5Y7.37%

3Y-1.51%

TTM24.46%

EPS CAGR

10Y4.11%

5Y1.94%

3Y-6.53%

TTM24.17%

ROCE

10Y Avg8.36%

5Y Avg8.16%

3Y Avg6.09%

Latest5.46%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	30.61M	37.68M	41.98M	46.74M	49.44M	61.79M	65.73M	71.51M	78.85M	84.91M
NII Growth %	0.02%	0.23%	0.11%	0.11%	0.06%	0.25%	0.06%	0.09%	0.1%	0.08%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	35.44M	42.72M	47.82M	56.31M	61.48M	69.9M	72.84M	82.73M	125.71M	152.77M
Interest Expense	4.82M	5.04M	5.84M	9.57M	12.04M	8.11M	7.11M	11.22M	46.86M	67.86M
Loan Loss Provision	480K	1.52M	2.54M	1.93M	1.68M	2.4M	1.55M	1.68M	5.53M	2.59M
Non-Interest Income+	7.64M	8.18M	8.93M	8.18M	8.88M	11.82M	12.68M	10.36M	13.01M	15.85M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	43.08M	50.9M	56.75M	64.49M	70.37M	81.72M	85.52M	93.09M	138.72M	168.62M
Revenue Growth %	0.01%	0.18%	0.11%	0.14%	0.09%	0.16%	0.05%	0.09%	0.49%	0.22%
Non-Interest Expense	23.43M	28.67M	29.31M	31.56M	33.34M	40.85M	41.55M	44.69M	64.82M	64.48M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	14.35M	15.67M	19.06M	21.44M	23.31M	30.37M	35.32M	35.49M	21.52M	33.68M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.15%	0.09%	0.22%	0.12%	0.09%	0.3%	0.16%	0.01%	-0.39%	0.57%
Pretax Income+	14.35M	15.67M	19.06M	21.44M	23.31M	30.37M	35.32M	35.49M	21.52M	33.68M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.72M	3.03M	6.03M	3.4M	3.82M	5.26M	6.2M	6.43M	3.7M	5.87M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	11.63M	12.64M	13.03M	18.03M	19.49M	25.1M	29.12M	29.06M	17.81M	27.82M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.13%	0.09%	0.03%	0.38%	0.08%	0.29%	0.16%	-0%	-0.39%	0.56%
Net Income (Continuing)	11.63M	12.64M	13.03M	18.03M	19.49M	25.1M	29.12M	29.06M	17.81M	27.82M
EPS (Diluted)+	3.37	3.36	3.49	4.84	5.26	6.27	7.09	7.10	3.98	5.79
EPS Growth %	-0.13%	-0%	0.04%	0.39%	0.09%	0.19%	0.13%	0%	-0.44%	0.45%
EPS (Basic)	3.39	3.36	3.49	4.84	5.27	6.27	7.09	7.10	3.98	5.80
Diluted Shares Outstanding	3.45M	3.76M	3.73M	3.72M	3.7M	3.96M	4.07M	4.05M	4.43M	4.75M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	32.08M	24.71M	28.8M	32.3M	32.78M	82.47M	183.86M	32.27M	56.89M	46.02M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.05B	1.11B	1.25B	1.31B	1.34B	1.7B	1.85B	2.17B	2.67B	2.74B
Investments Growth %	0.23%	0.06%	0.13%	0.05%	0.02%	0.27%	0.09%	0.17%	0.23%	0.03%
Long-Term Investments	688.53M	792.55M	990.77M	1.07B	1.1B	1.41B	1.44B	1.73B	2.25B	2.69B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	21.09M	21.09M	23.3M	23.3M	23.3M	31.38M	31.38M	31.38M	85.76M	85.76M
Intangible Assets	2.44M	2.1M	1.95M	1.62M	1.35M	1.67M	1.63M	1.27M	3.65M	2.89M
PP&E (Net)	17.26M	17.03M	16.52M	16.27M	15.93M	16.95M	17.02M	17.62M	21.38M	21.39M
Other Assets	37.64M	39.68M	41.56M	41.12M	44.49M	51.99M	53.2M	65.16M	108.97M	104.97M
Total Current Assets	396.03M	350.57M	287.78M	277.76M	278.04M	383.65M	601.5M	479.1M	485.53M	103.45M
Total Non-Current Assets	766.96M	872.44M	1.07B	1.15B	1.19B	1.51B	1.54B	1.85B	2.49B	2.92B
Total Assets+	1.16B	1.22B	1.36B	1.43B	1.47B	1.89B	2.14B	2.33B	2.98B	3.03B
Asset Growth %	0.26%	0.05%	0.11%	0.05%	0.02%	0.29%	0.13%	0.09%	0.28%	0.02%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	734K	720K	897K	1.08M	1.09M	1.02M	711K	1.23M	4.3M	4.69M
Total Debt+	41.63M	79.66M	114.66M	91.19M	85.12M	88.84M	73.98M	257.28M	302.04M	297.72M
Net Debt	9.55M	54.95M	85.86M	58.9M	52.34M	6.37M	-109.88M	225.01M	245.15M	251.7M
Long-Term Debt	41.63M	79.66M	114.66M	91.19M	85.12M	88.84M	73.98M	257.28M	271.42M	272.81M
Short-Term Debt	0	0	0	0	0	0	0	0	30.61M	24.91M
Other Liabilities	12.83M	13.87M	12.37M	14.06M	14.24M	18.7M	20.53M	30.53M	67.84M	41.55M
Total Current Liabilities	988.76M	1.01B	1.11B	1.19B	1.21B	1.59B	1.84B	1.85B	2.36B	2.41B
Total Non-Current Liabilities	54.46M	93.53M	127.03M	105.25M	99.36M	107.54M	94.51M	287.81M	339.26M	314.36M
Total Liabilities	1.04B	1.1B	1.23B	1.29B	1.31B	1.7B	1.93B	2.13B	2.7B	2.73B
Total Equity+	119.76M	123.27M	129.01M	139.23M	154.77M	194.26M	212.49M	200.15M	279.67M	299.73M
Equity Growth %	0.19%	0.03%	0.05%	0.08%	0.11%	0.26%	0.09%	-0.06%	0.4%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.1%	0.1%	0.13%	0.13%	0.14%	0.14%	0.14%	0.07%	0.1%
Book Value per Share	34.73	32.78	34.56	37.40	41.80	49.03	52.27	49.43	63.19	63.04
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	3.67M	3.7M	3.87M	3.9M	3.94M	4.35M	4.39M	4.43M	5.16M	5.21M
Additional Paid-in Capital	40.72M	42.25M	51.11M	53.1M	55.09M	75.91M	78.39M	80.91M	143.23M	144.98M
Retained Earnings	85.79M	91.28M	89.98M	99.73M	110.8M	126.63M	146.01M	164.92M	172.97M	189.44M
Accumulated OCI	-236K	-1.39M	-3.4M	-3.92M	-629K	2.59M	-155K	-33.14M	-24.91M	-23.52M
Treasury Stock	-10.18M	-12.57M	-12.55M	-13.58M	-14.43M	-15.21M	-16.15M	-16.97M	-16.79M	-16.38M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.81M	16.19M	15.74M	21.49M	21.77M	11.82M	38.69M	33.24M	26.54M	33.18M
Operating CF Growth %	-0.21%	0.26%	-0.03%	0.37%	0.01%	-0.46%	2.27%	-0.14%	-0.2%	0.25%
Net Income	11.63M	12.64M	13.03M	18.03M	19.49M	25.1M	29.12M	29.06M	17.81M	27.82M
Depreciation & Amortization	464K	320K	200K	387K	1.04M	1.14M	1.11M	1.03M	1.52M	1.81M
Deferred Taxes	-192K	362K	1.45M	-435K	317K	367K	689K	-36K	595K	1.77M
Other Non-Cash Items	1.05M	2.48M	675K	3.27M	639K	-14.17M	6.7M	4.42M	5.61M	244K
Working Capital Changes	-321K	108K	113K	-77K	-91K	-1.09M	458K	-1.58M	696K	1.13M
Cash from Investing+	19.06M	-70.08M	-105.42M	-72.35M	-32.32M	-110.73M	-158.23M	-362.45M	59.47M	-69.07M
Purchase of Investments	-115.18M	-59M	-62.91M	-77.86M	-80.55M	-152.72M	-214.91M	-133.24M	-39.37M	-98.02M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	77.89M	0	-4.4M	0	0	1.02M	0	-1.12M	3.44M	7.18M
Other Investing	-25.92M	-102.2M	-163.59M	-85.39M	-35.19M	-61.14M	-31.93M	-275.3M	-40.53M	-68.19M
Cash from Financing+	-18.91M	47.25M	90.45M	49.15M	12.28M	149.1M	223.66M	182.59M	-59.4M	25.27M
Dividends Paid	-5.15M	-5.08M	-5.18M	-6.12M	-6.32M	-6.54M	-7.38M	-7.59M	-8.5M	-9.3M
Share Repurchases	-2.46M	-3.23M	-979K	-1.48M	-1.29M	-2.12M	-1.37M	-1.28M	-265K	-266K
Stock Issued	0	59K	43K	0	0	126K	0	112K	34K	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-168K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	-11.13M	17.53M	61.6M	80.21M	25.96M	169.04M	247.29M	8.06M	-56.09M	60.56M
Net Change in Cash+	12.96M	-6.63M	763K	-1.72M	1.72M	50.19M	104.13M	-146.62M	26.61M	-10.62M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	11.42M	24.38M	17.75M	18.52M	16.8M	18.52M	68.71M	172.83M	26.21M	52.82M
Cash at End	24.38M	17.75M	18.52M	16.8M	18.52M	68.71M	172.83M	26.21M	52.82M	42.2M
Interest Paid	4.84M	5.05M	5.66M	9.39M	12.03M	8.18M	7.41M	10.7M	44.68M	67.47M
Income Taxes Paid	3.38M	2.48M	4.55M	3.05M	3.3M	4.75M	5.5M	6.6M	5.1M	2.5M
Free Cash Flow+	12.04M	15.61M	15.53M	20.99M	21.28M	10.88M	37.59M	31.61M	23.92M	31.87M
FCF Growth %	-0.19%	0.3%	-0%	0.35%	0.01%	-0.49%	2.45%	-0.16%	-0.24%	0.33%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.56%	10.4%	10.33%	13.45%	13.26%	14.38%	14.32%	14.09%	7.42%	9.6%
Return on Assets (ROA)	1.11%	1.06%	1.01%	1.29%	1.35%	1.5%	1.44%	1.3%	0.67%	0.93%
Net Interest Margin	2.63%	3.08%	3.08%	3.27%	3.37%	3.27%	3.07%	3.06%	2.65%	2.81%
Efficiency Ratio	54.39%	56.32%	51.66%	48.93%	47.38%	49.99%	48.58%	48.01%	46.73%	38.24%
Equity / Assets	10.3%	10.08%	9.47%	9.73%	10.56%	10.27%	9.91%	8.58%	9.4%	9.91%
Book Value / Share	34.73	32.78	34.56	37.4	41.8	49.03	52.27	49.43	63.19	63.04
NII Growth	1.56%	23.08%	11.42%	11.32%	5.79%	24.98%	6.38%	8.79%	10.27%	7.67%
Dividend Payout	44.31%	40.2%	39.75%	33.91%	32.4%	26.05%	25.36%	26.11%	47.74%	33.44%

Revenue by Segment

	2018	2019	2020	2024
Community Banking	-	-	-	169.72M
Community Banking Growth	-	-	-	-
Service	4.67M	4.69M	4.22M	-
Service Growth	-	0.43%	-9.94%	-
Interchange Revenue	2.26M	2.29M	2.29M	-
Interchange Revenue Growth	-	1.55%	-0.31%	-
Brokerage and Insurance	790K	1.14M	1.3M	-
Brokerage and Insurance Growth	-	44.43%	13.67%	-
Overdraft Fees	1.55M	1.54M	1.17M	-
Overdraft Fees Growth	-	-0.97%	-23.76%	-
Trust Fees	705K	750K	803K	-
Trust Fees Growth	-	6.38%	7.07%	-
Financial Service, Other	350K	348K	339K	-
Financial Service, Other Growth	-	-0.57%	-2.59%	-
Automated Teller Machine Income	400K	392K	323K	-
Automated Teller Machine Income Growth	-	-2.00%	-17.60%	-
Service Charges on Deposit Accounts, Other	251K	259K	233K	-
Service Charges on Deposit Accounts, Other Growth	-	3.19%	-10.04%	-
Statement Fees	206K	206K	207K	-
Statement Fees Growth	-	0.00%	0.49%	-

Frequently Asked Questions

Valuation & Price

Citizens Financial Services, Inc. (CZFS) has a price-to-earnings (P/E) ratio of 10.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Citizens Financial Services, Inc. (CZFS) grew revenue by 21.5% over the past year. This is strong growth.

Yes, Citizens Financial Services, Inc. (CZFS) is profitable, generating $34.1M in net income for fiscal year 2024 (16.5% net margin).

Dividend & Returns

Yes, Citizens Financial Services, Inc. (CZFS) pays a dividend with a yield of 3.12%. This makes it attractive for income-focused investors.

Citizens Financial Services, Inc. (CZFS) has a return on equity (ROE) of 9.6%. This is below average, suggesting room for improvement.

Industry Metrics

Citizens Financial Services, Inc. (CZFS) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.

Citizens Financial Services, Inc. (CZFS) has an efficiency ratio of 38.2%. This is excellent, indicating strong cost control.

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