Citizens 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.
IPO Year:
Exchange: NASDAQ
Website: https://www.firstcitizensbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/30/2024 | $53.00 | Neutral → Buy | Janney |
| 6/29/2023 | Buy → Neutral | Janney |
SC 13G/A - CITIZENS FINANCIAL SERVICES INC (0000739421) (Subject)
SC 13G/A - CITIZENS FINANCIAL SERVICES INC (0000739421) (Subject)
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Janney upgraded Citizens Financial Serv. from Neutral to Buy and set a new price target of $53.00
Janney downgraded Citizens Financial Serv. from Buy to Neutral
MANSFIELD, Pa., April 30, 2025 /PRNewswire/ -- Citizens Financial Services, Inc (NASDAQ:CZFS), parent company of First Citizens Community Bank (the "Bank"), released today its unaudited consolidated financial results for the three months ended March 31, 2025. Highlights Net income was $7.6 million for the three months ended March 31, 2025, which is 8.5% more than the net income for 2024's comparable period. The increase was driven by the increase in net interest income before the provision for credit losses of $2.0 million offset by the gain on the sale of a division known as Braavo and Bank-owned life insurance (BOLI) death benefits received in 2024. The effective tax rate for the three mo
MANSFIELD, Pa., Jan. 30, 2025 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS), parent company of First Citizens Community Bank, released today its unaudited consolidated financial results for the three months and year ended December 31, 2024. Highlights Net income was $27.8 million for 2024, which is $10.0 million, or 56.2%, more than 2024's net income due to the one-time merger and acquisition costs and the provision for credit losses on non-purchase credit deteriorated loans (the "NPC Provision") recorded in the second quarter of 2023 as a result of the acquisition of HV Bancorp, Inc., ("HVB"). The effective tax rate for 2024 was 17.4% compared to 17.2% in 2023.Net income
MANSFIELD, Penn., Oct. 30, 2024 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS), parent company of First Citizens Community Bank, released today its unaudited consolidated financial results for the three and nine months ended September 30, 2024. Highlights Net income for the first nine months of 2024 was $19.8 million, which was $9.6 million, or 93.1% more than net income for the nine months ended September 30, 2023 due to the one-time merger and acquisition costs and the provision for credit losses on non-purchase credit deteriorated loans (the "NPC Provision") recorded in the second quarter of 2023. The effective tax rate for the first nine months of 2024 was 17.8% compare
MANSFIELD, Pa., July 30, 2024 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS), parent company of First Citizens Community Bank, released today its unaudited consolidated financial results for the three and six months ended June 30, 2024. Highlights The acquisition of HV Bancorp, Inc. ("HVB,") completed one year ago, has bolstered the Company's balance sheet growth and expanded its geographic reach into demographically attractive markets. The acquisition has resulted in positive increases to non-interest income driven by gains on loans sold and the gain on the sale of certain assets acquired through HVB's online lending platform known as Braavo. The Company executed the sale
MANSFIELD, Penn., April 25, 2024 /PRNewswire/ -- Citizens Financial Services, Inc (NASDAQ:CZFS), parent company of First Citizens Community Bank (the "Bank"), released today its unaudited consolidated financial results for the three months ended March 31, 2024. Highlights The financial results of the Company continue to benefit from the acquisition of HV Bancorp, Inc. ("HVB") that closed in the second quarter of 2023.During the first quarter of 2024, the Company completed the sale of certain assets acquired as part of the HVB acquisition, which included loans and accrued interest, and software, as well as transferring certain contracts, processes and employees of a division internally known
MANSFIELD, Pa., Jan. 30, 2024 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS), parent company of First Citizens Community Bank, released today its unaudited consolidated financial results for the three months and year ended December 31, 2023. Highlights During the fourth quarter of 2023, we continued to integrate the assets and employees acquired as part of the acquisition of HV Bancorp, Inc. ("HVB") into the Company. We continue to be excited by the opportunities these markets and individuals represent for the Company. The acquisition of HVB in the first half of 2023 contributed significant growth to net interest income in the second half of 2023. Merger and acquisitions co
MANSFIELD, Pa., July 31, 2023 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS), parent company of First Citizens Community Bank, released today its unaudited consolidated financial results for the three and six months ended June 30, 2023. Highlights The acquisition of HV Bancorp, Inc.("HVB") was completed on June 16, 2023. The acquisition included available for sale investments of $79.2 million, loans with a fair value of $486.1 million and deposits with a fair value of $533.4 million. Based on the closing price on June 16, the deal valuation was approximately $76.7 million. Merger and acquisitions costs for 2023 total $8.6 million through June 30, 2023. The provision for cred
MANSFIELD, Pa. , June 16, 2023 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS) (the "Company" or "CZFS"), the holding company for First Citizens Community Bank ("FCCB"), completed its merger with HV Bancorp, Inc. (NASDAQ:HVBC) and FCCB completed its merger with HVBC's subsidiary bank, Huntingdon Valley Bank ("HVB"). Under the terms of the merger agreement, HVBC merged with and into CZFS with CZFS as the surviving corporation and HVB merged with and into FCCB with FCCB as the surviving institution. This strategically compelling merger is expected to enhance and expand CZFS's presence in communities located in Montgomery, Bucks and Philadelphia Counties in Pennsylvania, New Cas
MANSFIELD, Pa. and DOYLESTOWN, Pa., June 13, 2023 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS) ("CZFS") announced today the preliminary results of the elections regarding the merger consideration to be received by stockholders of HV Bancorp, Inc. (NASDAQ:HVBC) ("HVBC") in HVBC's pending merger with CZFS. CZFS and HVBC anticipate closing the transaction on June 16, 2023, subject to the satisfaction of customary closing conditions. HVBC stockholders were entitled to elect to receive either (x) $30.50 in cash or (y) 0.4040 shares of CZFS common stock for each share of HVBC common stock and will receive cash in lieu of fractional shares based on the average of the daily closin
MANSFIELD, Pa., June 9, 2023 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS) ("CZFS") announced today that the exchange ratio for the pending merger HV Bancorp, Inc. ("HVBC") with and into CZFS has been finalized at 0.4040 shares of CZFS stock for each share of HVBC stock. The original exchange ratio has been adjusted from 0.4000 shares of CZFS stock for each share of HVBC stock to 0.4040 shares of CZFS stock for each share of HVBC stock to reflect the 1% stock dividend declared on May 30, 2023 by CZFS and payable on June 30, 2023. About Citizens Financial Services, Inc. Citizens Financial Services, Inc. (NASDAQ:CZFS) is a $2.3 billion bank holding company conducting business
4 - CITIZENS FINANCIAL SERVICES INC (0000739421) (Issuer)
4 - CITIZENS FINANCIAL SERVICES INC (0000739421) (Issuer)
4 - CITIZENS FINANCIAL SERVICES INC (0000739421) (Issuer)
4 - CITIZENS FINANCIAL SERVICES INC (0000739421) (Issuer)
4 - CITIZENS FINANCIAL SERVICES INC (0000739421) (Issuer)
4 - CITIZENS FINANCIAL SERVICES INC (0000739421) (Issuer)
4 - CITIZENS FINANCIAL SERVICES INC (0000739421) (Issuer)
4 - CITIZENS FINANCIAL SERVICES INC (0000739421) (Issuer)
4 - CITIZENS FINANCIAL SERVICES INC (0000739421) (Issuer)
4 - CITIZENS FINANCIAL SERVICES INC (0000739421) (Issuer)
MANSFIELD, Pa., April 30, 2025 /PRNewswire/ -- Citizens Financial Services, Inc (NASDAQ:CZFS), parent company of First Citizens Community Bank (the "Bank"), released today its unaudited consolidated financial results for the three months ended March 31, 2025. Highlights Net income was $7.6 million for the three months ended March 31, 2025, which is 8.5% more than the net income for 2024's comparable period. The increase was driven by the increase in net interest income before the provision for credit losses of $2.0 million offset by the gain on the sale of a division known as Braavo and Bank-owned life insurance (BOLI) death benefits received in 2024. The effective tax rate for the three mo
MANSFIELD, Pa., July 30, 2024 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS), parent company of First Citizens Community Bank, released today its unaudited consolidated financial results for the three and six months ended June 30, 2024. Highlights The acquisition of HV Bancorp, Inc. ("HVB,") completed one year ago, has bolstered the Company's balance sheet growth and expanded its geographic reach into demographically attractive markets. The acquisition has resulted in positive increases to non-interest income driven by gains on loans sold and the gain on the sale of certain assets acquired through HVB's online lending platform known as Braavo. The Company executed the sale
MANSFIELD, Pa., Jan. 30, 2024 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS), parent company of First Citizens Community Bank, released today its unaudited consolidated financial results for the three months and year ended December 31, 2023. Highlights During the fourth quarter of 2023, we continued to integrate the assets and employees acquired as part of the acquisition of HV Bancorp, Inc. ("HVB") into the Company. We continue to be excited by the opportunities these markets and individuals represent for the Company. The acquisition of HVB in the first half of 2023 contributed significant growth to net interest income in the second half of 2023. Merger and acquisitions co
MANSFIELD, Pa., July 31, 2023 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS), parent company of First Citizens Community Bank, released today its unaudited consolidated financial results for the three and six months ended June 30, 2023. Highlights The acquisition of HV Bancorp, Inc.("HVB") was completed on June 16, 2023. The acquisition included available for sale investments of $79.2 million, loans with a fair value of $486.1 million and deposits with a fair value of $533.4 million. Based on the closing price on June 16, the deal valuation was approximately $76.7 million. Merger and acquisitions costs for 2023 total $8.6 million through June 30, 2023. The provision for cred
MANSFIELD, Pa. , June 16, 2023 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS) (the "Company" or "CZFS"), the holding company for First Citizens Community Bank ("FCCB"), completed its merger with HV Bancorp, Inc. (NASDAQ:HVBC) and FCCB completed its merger with HVBC's subsidiary bank, Huntingdon Valley Bank ("HVB"). Under the terms of the merger agreement, HVBC merged with and into CZFS with CZFS as the surviving corporation and HVB merged with and into FCCB with FCCB as the surviving institution. This strategically compelling merger is expected to enhance and expand CZFS's presence in communities located in Montgomery, Bucks and Philadelphia Counties in Pennsylvania, New Cas
MANSFIELD, Pa., June 9, 2023 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS) ("CZFS") announced today that the exchange ratio for the pending merger HV Bancorp, Inc. ("HVBC") with and into CZFS has been finalized at 0.4040 shares of CZFS stock for each share of HVBC stock. The original exchange ratio has been adjusted from 0.4000 shares of CZFS stock for each share of HVBC stock to 0.4040 shares of CZFS stock for each share of HVBC stock to reflect the 1% stock dividend declared on May 30, 2023 by CZFS and payable on June 30, 2023. About Citizens Financial Services, Inc. Citizens Financial Services, Inc. (NASDAQ:CZFS) is a $2.3 billion bank holding company conducting business
MANSFIELD, Pa., April 27, 2023 /PRNewswire/ -- Citizens Financial Services, Inc (NASDAQ:CZFS), parent company of First Citizens Community Bank, released today its unaudited consolidated financial results for the three months ended March 31, 2023. Highlights Citizens Financial Services, Inc. has received regulatory approval for the acquisition of HV Bancorp, Inc.("HVB"), with the transaction expected to close on June 16, 2023.Net income was $6.9 million for the three months ended March 31, 2023, which is 1.9% more than the net income for 2022's comparable period. The increase was due to an increase in net interest income. The effective tax rate for the three months ended March 31, 2023 was 19
MANSFIELD, Pa., Jan. 30, 2023 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS), parent company of First Citizens Community Bank, released today its unaudited consolidated financial results for the three months and year ended December 31, 2022. Highlights Two new branches were opened in November of 2022 in Ephrata, Pennsylvania and Greenville, Delaware and we look forward to serving our customers in these new markets. We have also received approval to open a new branch in Williamsport, Pennsylvania, which is expected in the second quarter of 2023.Citizens Financial Services, Inc. continues to work on plans to integrate HV Bancorp, Inc.("HVB") into the Company, with the transact
MANSFIELD, Pa., Dec. 6, 2022 /PRNewswire/ -- The Board of Directors of Citizens Financial Services, Inc. (CZFS), the bank holding company for First Citizens Community Bank (FCCB), recently declared a cash dividend for its shareholders. The cash dividend of $0.48 per share is payable on December 30, 2022 to shareholders of record at the close of business on December 16, 2022. This quarterly cash dividend is an increase of 3.1% over the regular cash dividend of $0.465 per share declared one year ago, as adjusted for the 1% stock dividend declared in June 2022. "We work hard to remain strong, resilient and well-positioned. Our consistent cash dividend payment reflects our commitment to our sh
MANSFIELD, Penn., Oct. 24, 2022 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ:CZFS), parent company of First Citizens Community Bank, released today its unaudited consolidated financial results for the three and nine months ended September 30, 2022. Highlights Citizens Financial Services, Inc. and HV Bancorp, Inc. sign definitive agreement for Citizens Financial Services, Inc. to acquire HV Bancorp, Inc. The transaction is expected to close in the first half of 2023.Two new branches are scheduled to open in November of 2022 in Ephrata, Pennsylvania and Greenville, Delaware.Net loan growth for the quarter was $141.9 million and for year-to-date was $295.4 million or 27.7% on an an
8-K - CITIZENS FINANCIAL SERVICES INC (0000739421) (Filer)
10-Q - CITIZENS FINANCIAL SERVICES INC (0000739421) (Filer)
8-K - CITIZENS FINANCIAL SERVICES INC (0000739421) (Filer)
8-K - CITIZENS FINANCIAL SERVICES INC (0000739421) (Filer)
8-K - CITIZENS FINANCIAL SERVICES INC (0000739421) (Filer)
8-K - CITIZENS FINANCIAL SERVICES INC (0000739421) (Filer)
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10-K - CITIZENS FINANCIAL SERVICES INC (0000739421) (Filer)
8-K - CITIZENS FINANCIAL SERVICES INC (0000739421) (Filer)