CITIZENS FINANCIAL SERVICES, INC. REPORTS UNAUDITED FULL YEAR AND FOURTH QUARTER 2023 FINANCIAL RESULTS
Citizens Financial Services, Inc. (CZFS)
NASDAQ:AMEX Investor Relations:
investor.citizensbank.com/about-us/investor-relations.aspx
Company Research
Source: PR Newswire
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.HighlightsDuring 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 costs for 2023 total $9.3 million. The provision for credit losses on non-purchase credit deteriorated loans (the "NPC Provision") was $4.6 million for 2023.Net income was $17.8 million for 2023, which is $11.3 million, or 38.7% lower than 2022's net income due to the one-time merger and acquisition co
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CZFS
News
- Citizens Financial Services upgraded to Buy at Janney on discounted valuation [Seeking Alpha]Seeking Alpha
- Citizens Financial Services, Inc. (NASDAQ: CZFS) was upgraded by analysts at Janney Montgomery Scott from a "neutral" rating to a "buy" rating. They now have a $53.00 price target on the stock.MarketBeat
- CITIZENS FINANCIAL SERVICES, INC. REPORTS UNAUDITED FIRST QUARTER 2024 FINANCIAL RESULTS [Yahoo! Finance]Yahoo! Finance
- CITIZENS FINANCIAL SERVICES, INC. REPORTS UNAUDITED FIRST QUARTER 2024 FINANCIAL RESULTSPR Newswire
- Citizens Financial Services, Inc. (NASDAQ:CZFS) Pays A US$0.49 Dividend In Just Two Days [Yahoo! Finance]Yahoo! Finance
CZFS
Sec Filings
- 4/30/24 - Form 4
- 4/25/24 - Form 8-K
- 4/19/24 - Form 4
- CZFS's page on the SEC website