Citizens Financial Services ( (CZFS) ) has released its Q3 earnings. Here is a breakdown of the information Citizens Financial Services presented to its investors.
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Citizens Financial Services, Inc. is a financial holding company that operates primarily through its subsidiary, First Citizens Community Bank, offering a range of banking services primarily in Pennsylvania. The company is publicly traded on Nasdaq under the ticker CZFS.
In its latest earnings report for the third quarter of 2025, Citizens Financial Services, Inc. announced a significant increase in net income, driven by higher net interest income and a decrease in credit loss provisions. The company reported a net income of $10 million for the quarter, marking a 32.7% increase from the same period in 2024.
Key financial metrics highlighted in the report include a 12.9% increase in net interest income before credit loss provisions, totaling $71.79 million for the first nine months of 2025. The company’s return on average equity improved to 12.52% for the quarter, reflecting strong financial performance. Additionally, non-performing assets decreased by 19.6% since the end of 2024, indicating improved asset quality.
The company’s balance sheet remains robust with total assets reaching $3.06 billion as of September 30, 2025. Deposits increased by $29.2 million since the end of 2024, while stockholders’ equity rose by $27.9 million, supported by strong earnings and a reduction in accumulated other comprehensive loss.
Looking ahead, Citizens Financial Services, Inc. remains focused on maintaining its financial strength and capitalizing on growth opportunities in its core markets. The management is optimistic about continuing to enhance shareholder value through strategic initiatives and disciplined financial management.