Citizens Financial Services, Inc.
- Open
- 74.45
- Day high
- 74.45
- Day low
- 71.07
- Prev close
- 74.83
- Volume
- 11K
- Mkt cap
- $354M
- P/E (TTM)
- 9.0
- EPS (TTM)
- $8.20
- P/B
- 1.0
- P/S
- 2.0
- Yield
- 2.73%
- Per share
- $2.01
- ▲Insiders net buying $6K over the last 3 months (2 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
Citizens Financial Services, Inc. (CZFS) is a Financial Services company listed on NASDAQ. The stock is up 25% over the past year. Over the trailing 3 months, insiders filed 2 open-market buys and 3 sales (SEC Form 4).
Citizens Financial Services, Inc. (CZFS) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CZFS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $1.98 | $2.16 | +9.1% | $30M | +2.4% |
| Mar 12, 2026 | — | $2.18 | — | $44M | — |
| Oct 30, 2025 | $1.76 | $2.09 | +18.7% | $44M | — |
| Jul 30, 2025 | $1.62 | $1.76 | +8.6% | $42M | — |
| Apr 30, 2025 | $1.49 | $1.60 | +7.4% | $42M | — |
| Jan 30, 2025 | $1.54 | $1.68 | +9.1% | $43M | — |
| Oct 30, 2024 | $1.38 | $1.59 | +15.2% | $25M | +11.6% |
| Jul 30, 2024 | $1.32 | $1.30 | -1.5% | $25M | +13.0% |
| Apr 25, 2024 | $1.55 | $1.34 | -13.5% | $25M | +8.4% |
| Jan 30, 2024 | $1.62 | $1.60 | -1.2% | $25M | +16.3% |
| Apr 27, 2023 | $1.75 | $1.73 | -1.1% | $20M | +4.9% |
| Jan 30, 2023 | $1.96 | $1.99 | +1.5% | $22M | +4.4% |
CZFS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 9, 2026 | Gephart LeeAnnofficer: EXECUTIVE VICE PRESIDENT | Sell | 15 | $71.52 |
| Jun 26, 2026 | BLACK RANDALL Edirector, officer: CEO & PRESIDENT | Grant | 563 | — |
| Jun 26, 2026 | Gephart LeeAnnofficer: EXECUTIVE VICE PRESIDENT | Grant | 153 | — |
| Jun 26, 2026 | Guillaume Stephen Jofficer: EXECUTIVE VICE PRESIDENT | Grant | 311 | — |
| Jun 26, 2026 | White Jeffrey Rofficer: EXECUTIVE VICE PRESIDENT | Grant | 336 | — |
| Jun 26, 2026 | WILSON JEFFREY Lofficer: EXECUTIVE VICE PRESIDENT | Grant | 49 | — |
| Jun 25, 2026 | Gephart LeeAnnofficer: EXECUTIVE VICE PRESIDENT | Sell | 29 | $66.52 |
| Jun 16, 2026 | Hilfiger Janie Mdirector | Grant | 88 | — |
| Jun 16, 2026 | BOWER JOSEPH B JRdirector | Grant | 88 | — |
| Jun 16, 2026 | DePaola Rinaldo Adirector | Grant | 88 | — |
| Jun 16, 2026 | Behm John Ddirector | Grant | 29 | — |
| Jun 16, 2026 | Freeman Thomas E.director | Grant | 88 | — |
| Jun 16, 2026 | OSBORNE TERRY Bdirector | Grant | 88 | — |
| Jun 16, 2026 | Painter John P IIdirector | Grant | 88 | — |
| Jun 16, 2026 | JONES MICKEY Ldirector | Grant | 88 | — |
Source: CZFS SEC Form 4 filings, latest Jul 9, 2026. For informational purposes only — not investment advice.
See the full CZFS insider & 13F page →Citizens Financial Services, Inc. company profile
Overview
Citizens Financial Services, Inc. (NASDAQ:CZFS) is a regional bank holding company founded in 1932 and headquartered in Mansfield, Pennsylvania. The company operates through its primary subsidiary, First Citizens Community Bank, which provides traditional banking services across rural and small-town markets in Pennsylvania, New York, and Delaware. With nearly a century of operations, Citizens Financial Services has established itself as a community-focused financial institution serving individual consumers, small businesses, and local governments through thirty full-service branches concentrated in north-central and southeastern Pennsylvania markets.
Business
Citizens Financial Services operates in the regional banking industry, which serves as a crucial intermediary between depositors seeking safe places to store money and borrowers needing capital for personal or business purposes. Regional banks like Citizens typically focus on specific geographic markets, building deep community relationships that larger national banks cannot replicate. The company's core business revolves around traditional banking services delivered through First Citizens Community Bank. On the deposit side, the bank accepts checking accounts (which allow customers to write checks and make electronic payments), savings accounts (which pay modest interest for storing money), and time deposits or certificates of deposit (CDs that lock in higher interest rates for specific periods). These deposits provide the funding base that banks use to make loans. The lending portfolio includes several key segments. Real estate loans represent the largest component, encompassing residential mortgages for home purchases, commercial real estate financing for business properties, and agricultural loans for farming operations - particularly relevant given the rural nature of many markets served. Commercial and industrial loans provide working capital and equipment financing to local businesses. The bank also makes loans to state and local governments and offers various consumer loans for personal needs. Beyond traditional banking, Citizens provides trust and wealth management services, including professional administration of trusts, investment management for affluent clients, estate planning assistance, and custody services for securities. The company also offers insurance and investment products through partnerships, including mutual funds, annuities, and life insurance. Additionally, Citizens provides specialized services related to oil and gas leasing, reflecting the natural resource activity in some of its Pennsylvania markets. Revenue is primarily generated through net interest income (the spread between what the bank pays depositors and charges borrowers), which typically represents 70-80% of total revenue for regional banks, with the remainder coming from fee-based services like trust management, loan origination fees, and insurance commissions.
Revenue model
Citizens Financial Services generates revenue through the fundamental banking business model of interest rate intermediation and fee-based services. The primary revenue stream comes from net interest income - the difference between interest earned on loans and investments versus interest paid on deposits and borrowed funds. When the bank lends money at 6% but pays depositors only 2%, the 4% spread generates profit to cover operating expenses and provide returns to shareholders. The company's customers are primarily individual consumers, small businesses, local governments, and agricultural operations within its geographic footprint. Depositors provide funding by placing money in checking, savings, and CD accounts, while borrowers pay interest and fees for loans. Trust and wealth management clients pay ongoing fees for investment management and estate services, while insurance and brokerage services generate commissions. Several factors significantly impact the bank's profitability margins. Interest rate environment is the most critical factor - when rates rise, banks can typically increase loan rates faster than deposit rates, expanding net interest margins. However, rapid rate increases can also reduce loan demand and increase credit risk. Credit quality directly affects profitability, as loan losses from defaults reduce net income. Economic conditions in the bank's rural Pennsylvania, New York, and Delaware markets influence both loan demand and repayment ability. Competition from larger regional banks, community banks, and non-bank lenders can pressure both deposit rates (increasing funding costs) and loan rates (reducing interest income). The bank's relatively small size may limit its ability to compete on rate and technology compared to larger institutions. Regulatory compliance costs represent a higher percentage of revenue for smaller banks, while technology investments required for digital banking capabilities create ongoing expense pressures that can compress margins if not offset by improved efficiency or customer growth.
Competitive moat
Citizens Financial Services operates in a moderately competitive regional banking market with limited but meaningful competitive advantages. The company's primary moat stems from its geographic concentration and community relationships built over nearly nine decades of operation. In small-town and rural markets, personal relationships with business owners, farmers, and local officials create switching costs that are difficult for larger, more distant competitors to overcome. The bank's local market knowledge provides advantages in credit underwriting, particularly for agricultural and small business loans where understanding local economic conditions, seasonal patterns, and individual character matters significantly. This relationship-based lending model allows for more flexible decision-making compared to the standardized credit models used by larger banks. However, the company's moat is relatively narrow and vulnerable to several competitive threats. Larger regional banks with superior technology platforms and broader product offerings can attract customers seeking more sophisticated services. Credit unions, which operate on a not-for-profit basis, can offer more attractive rates on both deposits and loans. Online banks and fintech companies are increasingly capturing market share by offering higher deposit rates and more convenient digital experiences. The bank's small size limits its ability to invest in technology infrastructure and digital capabilities that customers increasingly expect. With total assets of approximately $3 billion, Citizens lacks the scale economies that allow larger banks to spread technology and compliance costs across a broader revenue base. Additionally, the concentration in rural markets makes the bank vulnerable to economic downturns in agriculture and small business sectors, while limited geographic diversification increases exposure to regional economic shocks.
Risks & safety
Citizens Financial Services demonstrates a moderate margin of safety with some areas of concern typical for smaller regional banks. **Overall Assessment**: The bank maintains adequate capitalization and profitability but faces pressure from interest rate sensitivity and competitive dynamics. • **Liquidity and Solvency**: Strong cash position with $42.2 million in cash and short-term investments as of Q4 2024. Debt-to-equity ratio of 0.94 is reasonable for a bank, though the low current ratio (0.04) reflects the nature of banking operations where deposits are current liabilities but loans are long-term assets. • **Profitability Metrics**: Return on equity of 9.3% for 2024 is solid for a regional bank. Net interest margin appears healthy based on consistent quarterly earnings, though specific margin data would provide better insight. • **Valuation**: Trading at P/E of 10.8x based on 2024 earnings, which appears reasonable for a regional bank. Price-to-book ratio of 1.0x suggests the market values the bank at approximately tangible book value. • **Credit Risk**: Limited visibility into loan loss provisions and non-performing assets from available data, though consistent quarterly profits suggest manageable credit quality. • **Interest Rate Risk**: As a traditional bank with likely asset-liability duration mismatch, vulnerable to interest rate cycles and yield curve changes.
Recent development
Based on the financial data available, Citizens Financial Services has demonstrated consistent operational performance over recent years, though specific strategic initiatives are not detailed in the provided information. The bank has maintained steady profitability through 2024, with net income of $27.8 million for the full year compared to $17.8 million in 2023, representing a significant 56% increase year-over-year. The company has shown revenue growth momentum, with total revenue increasing from $86.3 million in 2023 to $100.8 million in 2024. This growth appears to be driven by the higher interest rate environment, which typically benefits banks through improved net interest margins on their loan portfolios. Balance sheet expansion has been modest, with total assets remaining relatively stable around $3 billion, suggesting the bank is focusing on optimizing its existing footprint rather than aggressive expansion. The consistent free cash flow generation of approximately $32 million annually indicates strong operational efficiency and the ability to fund growth internally. The bank has maintained its dividend policy and capital position, with return on equity improving from 6.4% in 2023 to 9.3% in 2024, indicating more efficient use of shareholder capital. However, without access to detailed management commentary from earnings calls, specific strategic initiatives regarding digital transformation, market expansion, or new product development cannot be determined from the available financial data.
CZFS company profile · for informational purposes only — not investment advice.
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