Core Viewpoint - Citizens Financial Services (CZFS) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Citizens Financial Services is projected at $6.90 per share for the fiscal year ending December 2025, showing no year-over-year change [9]. - Over the past three months, analysts have raised their earnings estimates for Citizens Financial Services by 5.5% [9]. Zacks Rating System - The Zacks rating system is based solely on a company's changing earnings picture, which is tracked through the Zacks Consensus Estimate [2]. - The system classifies stocks into five groups, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions [10][11]. Market Implications - The upgrade to Zacks Rank 1 suggests that Citizens Financial Services is positioned for potential price increases due to improved earnings outlook [4][11]. - Rising earnings estimates are correlated with stock price movements, as institutional investors adjust their valuations based on these estimates [5][6].

Group 1: Motorcar Parts of America, Inc. (MPAA) - The company specializes in heavy-duty truck, industrial, marine, and agricultural application replacement parts [1] - It has a Zacks Rank of 1 and a 5.7% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - The price-to-earnings ratio (P/E) is 6.71, significantly lower than the industry average of 14.70, and it possesses a Value Score of A [2] Group 2: OppFi Inc. (OPFI) - OppFi operates as a tech-enabled digital finance platform [2] - It also holds a Zacks Rank of 1 with a 15.5% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - The P/E ratio is 7.58, compared to the industry average of 17.90, and it has a Value Score of A [2] Group 3: Citizens Financial Services, Inc. (CZFS) - The company is a bank holding company for First Citizens Community Bank [3] - It carries a Zacks Rank of 1 and has seen a 5.5% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [3] - The P/E ratio stands at 7.75, lower than the industry average of 10.10, and it possesses a Value Score of B [3]

Part I FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited consolidated financial statements for Citizens Financial Services, Inc. as of June 30, 2025, including balance sheet, income, comprehensive income, equity, and cash flow statements, with detailed notes [Consolidated Balance Sheet](index=3&type=section&id=Consolidated%20Balance%20Sheet) Total assets decreased to $2.97 billion from $3.03 billion at year-end 2024, driven by reduced net loans, while stockholders' equity increased to $313.7 million Consolidated Balance Sheet Summary (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | **$2,967,274** | **$3,025,724** | | Cash and cash equivalents | $49,484 | $42,202 | | Available-for-sale securities | $431,649 | $425,912 | | Loans (net of allowance) | $2,219,646 | $2,291,543 | | **Total Liabilities** | **$2,653,621** | **$2,725,990** | | Total deposits | $2,292,662 | $2,382,028 | | Borrowed funds | $313,219 | $297,721 | | **Total Stockholders' Equity** | **$313,653** | **$299,734** | [Consolidated Statement of Income](index=4&type=section&id=Consolidated%20Statement%20of%20Income) Net income for the six months ended June 30, 2025, increased to $16.1 million from $12.3 million, with diluted EPS rising to $3.35 Statement of Income Highlights (in thousands, except per share data) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | Net Interest Income | $23,648 | $21,300 | $46,650 | $42,258 | | Provision for credit losses | $750 | $2,002 | $1,375 | $2,787 | | **Net Income** | **$8,463** | **$5,275** | **$16,084** | **$12,299** | | **Net Income - Diluted (per share)** | **$1.76** | **$1.10** | **$3.35** | **$2.56** | [Notes to Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Detailed disclosures cover accounting policies, investment and loan portfolios, allowance for credit losses, goodwill, fair value, and segment reporting - The loan portfolio is diversified, with commercial real estate representing the largest segment at **$1.15 billion** as of June 30, 2025[34](index=34&type=chunk) Allowance for Credit Losses Activity - Six Months Ended June 30, 2025 (in thousands) | Description | Amount | | :--- | :--- | | Balance at December 31, 2024 | $22,375 | | Net loans charged-off | ($727) | | Provision for credit losses | $1,375 | | **Balance at June 30, 2025** | **$23,023** | - As of June 30, 2025, total non-performing loans were **$24.9 million**, a decrease from **$26.0 million** at year-end 2024[44](index=44&type=chunk) - The company operates as a single reportable segment: Community Banking All operations are domestic[95](index=95&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=35&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial performance and condition, highlighting a 30.8% increase in net income for the first six months of 2025, driven by higher net interest income and lower credit loss provision [Results of Operations](index=38&type=section&id=Results%20of%20Operations) Net income for the first six months of 2025 increased to $16.1 million ($3.35 per share) from $12.3 million ($2.56 per share) in the prior year, primarily due to higher net interest income and lower credit loss provision Key Performance Metrics - Six Months Ended June 30 | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net Income (in thousands) | $16,084 | $12,299 | | Basic EPS | $3.35 | $2.56 | | Annualized Return on Assets | 1.07% | 0.83% | | Annualized Return on Equity | 10.44% | 8.67% | - Net interest income for the first six months of 2025 increased by **10.4%** to **$46.7 million**, compared to the same period in 2024[121](index=121&type=chunk) - The provision for credit losses decreased to **$1.375 million** for the first half of 2025, down from **$2.787 million** in the first half of 2024, primarily due to improved performance of certain commercial loans acquired from HVBC[144](index=144&type=chunk) [Financial Condition](index=47&type=section&id=Financial%20Condition) Total assets decreased by $58.5 million to $2.97 billion at June 30, 2025, mainly due to a $71.5 million decrease in total loans, while stockholders' equity grew by $13.9 million to $313.7 million - Total loans decreased by **$71.5 million (3.1%)** since year-end 2024, largely due to the seasonal nature of the student loan portfolio[165](index=165&type=chunk)[166](index=166&type=chunk) - The allowance for credit losses to total loans increased to **0.99%** at June 30, 2025, from **0.94%** at December 31, 2024[173](index=173&type=chunk) - Deposits decreased by **$89.4 million**, driven by outflows from state and political organizations and a **$33.1 million** reduction in brokered deposits[189](index=189&type=chunk) - The Bank's leverage ratio under the Community Bank Leverage Ratio (CBLR) framework was **9.22%** as of June 30, 2025, meeting the **9.0%** requirement to be considered 'well-capitalized'[196](index=196&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=59&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate risk, with a simulation model indicating a 100 basis point rate increase would decrease one-year net interest income by 2.89%, while a decrease would increase it by 2.43% Interest Rate Shock Analysis on Net Interest Income (as of June 30, 2025) | Change in Rates (bps) | % Change In Prospective Net Interest Income | | :--- | :--- | | +400 | (11.52)% | | +300 | (8.97)% | | +200 | (6.10)% | | +100 | (2.89)% | | **Base** | **-** | | -100 | 2.43% | | -200 | 4.06% | | -300 | 5.60% | | -400 | 10.26% | [Item 4. Controls and Procedures](index=60&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2025, with no material changes in internal control over financial reporting during the quarter - The principal executive officer and principal financial officer concluded that the Company's disclosure controls and procedures were effective as of the end of the reporting period[210](index=210&type=chunk) - No material changes were made to the Company's internal control over financial reporting during the quarter ended June 30, 2025[211](index=211&type=chunk) Part II OTHER INFORMATION [Item 1. Legal Proceedings](index=61&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no pending or threatened litigation that would have a material adverse effect on its consolidated financial position - Management is not aware of any pending or threatened litigation that would materially and adversely affect the company's financial position[212](index=212&type=chunk) [Item 1A. Risk Factors](index=61&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2024 - The risk factors of the Company have not changed materially from those reported in the 2024 Annual Report on Form 10-K[213](index=213&type=chunk) [Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities](index=61&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%2C%20Use%20of%20Proceeds%2C%20and%20Issuer%20Purchases%20of%20Equity%20Securities) During the second quarter of 2025, the company repurchased 821 shares at an average price of $60.25 per share, with 144,418 shares remaining available under the current authorization Issuer Purchases of Equity Securities (Q2 2025) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2025 | - | $0.00 | | May 2025 | - | $0.00 | | June 2025 | 821 | $60.25 | | **Total** | **821** | **$58.15** | [Other Items (3, 4, 5, 6)](index=61&type=section&id=Other%20Items%20(3%2C%204%2C%205%2C%206)) This section confirms no defaults upon senior securities, no mine safety disclosures, and no Rule 10b5-1 trading plan adoptions or terminations by directors or executive officers during the quarter, along with a list of exhibits - Items 3 (Defaults Upon Senior Securities) and 4 (Mine Safety Disclosure) are not applicable[216](index=216&type=chunk)[218](index=218&type=chunk) - No directors or executive officers adopted or terminated any Rule 10b5-1 trading arrangements during the quarter[219](index=219&type=chunk)

Group 1: Stock Recommendations - Quad Graphics (QUAD) has seen a 7.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and offers print and multichannel solutions [1] - Citizens Financial Services (CZFS) has experienced a 5.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and has a dividend yield of 3.7%, above the industry average of 2.7% [2] - Farmers & Merchants Bancorp (FMAO) has reported a 6.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and has a dividend yield of 3.6%, also above the industry average of 2.7% [3] Group 2: Industry Insights - The average dividend yield for the industry is notably low at 0.0% for print and related solutions, while the banking sector shows an average of 2.7% [2][3]

Citizens Financial Services (CZFS -0.94%), a regional community bank operating across Pennsylvania, New York, Delaware, and New Jersey, reported strong financial results for the second quarter of fiscal 2025. The earnings release, published on July 30, 2025, delivered headline news with GAAP earnings per share of $1.76, beating analyst expectations of $1.60 (GAAP). Net income (GAAP) reached $8.5 million, a 60.4% rise from the prior year, amid improving net interest margins and tighter expense control. Despi ...

Core Viewpoint - Citizens Financial Services (CZFS) reported quarterly earnings of $1.76 per share, exceeding the Zacks Consensus Estimate of $1.62 per share, and showing an increase from $1.3 per share a year ago, representing an earnings surprise of +8.64% [1][2] Financial Performance - The company posted revenues of $27.31 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.54%, compared to $24.64 million in the same quarter last year [2] - Over the last four quarters, CZFS has exceeded consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Performance and Outlook - Citizens Financial Services shares have declined approximately 14% since the beginning of the year, while the S&P 500 has gained 8.3% [3] - The current consensus EPS estimate for the upcoming quarter is $1.62 on revenues of $28.7 million, and for the current fiscal year, it is $6.54 on revenues of $111.5 million [7] Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 10% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Six Months Ended June 30, 2025 Compared to 2024 MANSFIELD, Pa., July 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 and six months ended June 30, 2025. Highlights Three Months Ended June 30, 2025 Compared to 2024 On June 3, 2025, the Board of Directors declared a cash dividend of $0.495 per share, which was paid on June 27, 2025 to shareholders of ...

Contact: LEEANN GEPHART, CHIEF BANKING OFFICER First Citizens Community Bank 570-545-6005 15 S. Main Street 570-662-8512 (fax) Mansfield, PA 16933 citizens financial services, inc. reports unaudited second quarter 2025 financial results MANSFIELD, PENNSYLVANIA— July 30, 2025 – 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 and six months ended June 30, 2025. Highlights • ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____________________ to ___________________ Commission file number 0-13222 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) PENNSYLVANIA 23-2265045 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. ...

Company Overview - Citizens Financial Services (CZFS) is headquartered in Mansfield and operates in the Finance sector [3] - The stock has experienced a price decline of -10.76% since the beginning of the year [3] Dividend Information - CZFS currently pays a dividend of $0.5 per share, resulting in a dividend yield of 3.5%, which is higher than the Banks - Northeast industry's yield of 2.87% and the S&P 500's yield of 1.6% [3] - The annualized dividend of $1.98 has increased by 1% from the previous year, with an average annual increase of 2.52% over the last 5 years [4] - The current payout ratio for CZFS is 32%, indicating that 32% of its trailing 12-month earnings per share (EPS) is distributed as dividends [4] Earnings Growth - CZFS is projected to see earnings growth this fiscal year, with the Zacks Consensus Estimate for 2025 at $6.54 per share, reflecting a year-over-year growth rate of 8.82% [5] Investment Appeal - The company is viewed as an attractive dividend investment, with benefits such as improved stock investing profits, reduced overall portfolio risk, and tax advantages [6] - CZFS is ranked 2 (Buy) by Zacks, indicating it is considered a compelling investment opportunity [7]