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CZFS on Nasdaq

CITIZENS FINANCIAL SERVICES INC

CITIZENS FINANCIAL SERVICES INC is an American state commercial bank based in Mansfield, incorporated in Pennsylvania.2 Its shares trade on Nasdaq under the symbol CZFS.2

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Last updated Oct 21, 2026.

Overview

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  • TickerCZFS on Nasdaq2
  • IndustryState Commercial Banks2
  • HeadquartersMansfield, United States2
  • Incorporated inPA3
  • Business address15 S Main St, Mansfield, Pa 169333
  • Filer categoryAccelerated filer3
  • Legal formBusiness Corporation2
  • LEI5493005JSTWQNVUE08252
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address15 SOUTH MAIN STREET, 16933-1507 Mansfield, United States2
  • Registered withPennsylvania Department of State, 7848822

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Accordingly, the additional operating authority provided to the Bank by the Banking Code is restricted by the FDIA.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

370.1%Net margin6
2.8%Revenue growth, 20256
10.8%Return on equity6

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax19¢$8.7M
  • Profit81¢$36.6M

Out of $9.9M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid26¢$9.5M
  • Share buybacks1¢$358.0K
  • Kept or used elsewhere73¢$26.6M

Out of $36.5M of cash from operations.6

Financial statements

Revenue789106$9.9M in 2025+43% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $6.9M$6.9M20192020: $6.7M$6.7M2020−4%2021: $7.7M$7.7M2021+16%2022: $8.6M$8.6M2022+11%2023: $9.0M$9.0M2023+4%2024: $9.6M$9.6M2024+7%2025: $9.9M$9.9M2025+3%
Net income789106$36.6M in 2025+88% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $19.5M$19.5M20192020: $25.1M$25.1M2020+29%2021: $29.1M$29.1M2021+16%2022: $29.1M$29.1M2022−0%2023: $17.8M$17.8M2023−39%2024: $27.8M$27.8M2024+56%2025: $36.6M$36.6M2025+31%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Interest and fees on loans$144.4M$142.7M$116.1M
Interest-bearing deposits with banks$502.0K$851.0K$736.0K
Taxable$9.9M$7.1M$6.6M
Nontaxable$2.6M$2.1M$2.3M
Dividends$1.7M$1.6M$1.4M
TOTAL INTEREST AND DIVIDEND INCOME$159.2M$154.3M$127.1M
Deposits$47.0M$52.3M$31.7M
Borrowed funds$14.1M$15.5M$15.2M
TOTAL INTEREST EXPENSE$61.2M$67.9M$46.9M
NET INTEREST INCOME$98.0M$86.5M$80.3M
Provision for credit losses$2.4M$2.6M$937.0K
Provision for credit losses - acquisition day 1 non-PCD$4.6M
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES$95.6M$83.9M$74.7M
Service charges$5.6M$5.7M$5.6M
Trust$792.0K$816.0K$764.0K
Brokerage and insurance$2.6M$2.4M$1.9M
Equity security gains (losses), net$67.0K$145.0K-$144.0K
Available for sale security losses, net$0$0-$51.0K
Gains on loans sold$2.3M$2.3M$1.5M
Earnings on bank owned life insurance$1.4M$1.7M$1.3M
Gain on sale of Braavo division$0$1.1M$0
Other$1.6M$1.2M$767.0K
TOTAL NON-INTEREST INCOME$14.3M$15.4M$11.6M
Salaries and employee benefits$39.4M$39.3M$35.0M
Occupancy$5.3M$5.0M$4.1M
Furniture and equipment$1.2M$1.0M$822.0K
Professional fees$2.3M$2.6M$2.0M
Federal depository insurance$1.7M$2.0M$1.5M
Pennsylvania shares tax$739.0K$1.1M$583.0K
Amortization of intangibles$478.0K$564.0K$373.0K
Merger and acquisition$0$0$9.3M
ORE expenses$267.0K$212.0K$166.0K
Software expenses$1.8M$2.0M$1.8M
Other$11.4M$11.6M$9.2M
TOTAL NON-INTEREST EXPENSES$64.7M$65.4M$64.8M
Income before provision for income taxes$45.2M$33.9M$21.6M
Provision for income taxes$8.7M$6.1M$3.8M
NET INCOME$36.6M$27.8M$17.8M
EARNINGS PER SHARE - BASIC (in Dollars per share)$7.62$5.80$3.98
EARNINGS PER SHARE DILUTED (in Dollars per share)$7.62$5.79$3.98
Number of shares used in computation - basic (in Shares)4.8M shares4.8M shares4.5M shares
Number of shares used in computation - diluted (in Shares)4.8M shares4.8M shares4.5M shares

Compare CITIZENS FINANCIAL SERVICES INC with another company

Corporate structure

CITIZENS FINANCIAL SERVICES INC sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CITIZENS FINANCIAL SERVICES INC

  • BlackRock Filed SCHEDULE 13G/A on CITIZENS FINANCIAL SERVICES INC, latest Jul 27, 2026 (2 filings since Jan 29, 2024)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on CITIZENS FINANCIAL SERVICES INC, latest Mar 26, 2026 (3 filings since Nov 4, 2024)
  • CITIZENS FINANCIAL SERVICES INC Mansfield, Pennsylvania, United States
    • First Citizens Community Bank Subsidiary · Williamsport, Pennsylvania, United States
    • The Bank's sole subsidiary is First Citizens Insurance Agency, Inc. of Mansfield, Subsidiary · Pennsylvania, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CITIZENS FINANCIAL SERVICES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$40.2M6 Dec 31, 2025$40.1M6 Dec 31, 2024+0.4%
Accumulated depreciation$19.2M6 Dec 31, 2025$18.7M6 Dec 31, 2024+3.1%
Property and equipment, net$21.0M6 Dec 31, 2025$21.4M6 Dec 31, 2024−1.9%
Operating-lease assets (leased space)$10.6M6 Dec 31, 2025$10.0M6 Dec 31, 2024+6.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$34.3M6 Dec 31, 2025$42.2M6 Dec 31, 2024−18.7%
Debt securities available for sale$444.7M6 Dec 31, 2025$425.9M6 Dec 31, 2024+4.4%
Debt securities held to maturity$06 Dec 31, 2025$06 Dec 31, 2024
Deposits held (banks)$2.4B6 Dec 31, 2025$2.4B6 Dec 31, 2024−0.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$85.8M6 Dec 31, 2025$85.8M6 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$2.2M6 Dec 31, 2025$2.9M6 Dec 31, 2024−23.2%
Finite-lived intangibles, gross$5.4M6 Dec 31, 2025$7.2M6 Dec 31, 2024−24.4%
Accumulated amortization$3.2M6 Dec 31, 2025$4.3M6 Dec 31, 2024−25.3%
Finite-lived intangibles, net$2.2M6 Dec 31, 2025$2.9M6 Dec 31, 2024−23.2%

Properties, in its own words

The headquarters of the Company and Bank are located at 15 South Main Street, Mansfield, Pennsylvania. The building contains the central offices of the Company and Bank. The Bank owns twenty-five banking facilities and leases twenty-two other facilities.

The net book value of owned banking facilities and leasehold improvements totaled $16,857,000 as of December 31, 2025. The properties are adequate to meet the needs of the employees and customers. We have equipped all of our facilities with current technological improvements for data processing.

Item 2 of the 10-K filed Mar 12, 2026.5

Leadership

Who has led CITIZENS FINANCIAL SERVICES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Randall E. Black2006–now

President

  1. Randall E. Black2006–now
2010201520202025
Board members and other officers (44)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • The Bank's sole subsidiary is First Citizens Insurance Agency, Inc. of Mansfield, Pennsylvania.4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 30, 20268-K Results of operations57
  2. Jun 22, 20268-K Executive or director change58
  3. Apr 29, 20268-K Results of operations59
  4. Apr 29, 20268-K Regulation FD disclosure60
  5. Apr 22, 20268-K Executive or director change; Shareholder vote; Other events61
  6. Apr 21, 20268-K Regulation FD disclosure62
  7. Feb 18, 20268-K Other events63
  8. Jan 29, 20268-K Results of operations64
  9. Jan 29, 20268-K Regulation FD disclosure65
  10. Jan 15, 20268-K Executive or director change66
  11. Dec 17, 20258-K Other events67
  12. Oct 30, 20258-K Results of operations68
  13. May 18, 2006New chief executive Randall E. Black becomes CEO14
  14. Dec 7, 1983Founded CITIZENS FINANCIAL SERVICES INC is founded2

Calendar

Coming up

  1. Oct 29, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $2.09 a share, on Oct 30, 2025.69

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results57
  2. Apr 29, 2026Reported quarterly or annual results59
  3. Jan 29, 2026Reported quarterly or annual results64
  4. Oct 30, 2025Reported quarterly or annual results68
  5. Jul 30, 2025Reported quarterly or annual results70
  6. Apr 30, 2025Reported quarterly or annual results71
  7. Jan 30, 2025Reported quarterly or annual results72
  8. Oct 30, 2024Reported quarterly or annual results73

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

493 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 66 major events, 363 insider forms, 5 large holders, 38 other. The latest 20:

  1. Sep 22, 20264 PRIMARY DOCUMENT EDGAR
  2. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  3. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  6. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  8. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  9. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  10. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  11. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  12. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  13. Sep 15, 20264 PRIMARY DOCUMENT EDGAR
  14. Sep 8, 20264 PRIMARY DOCUMENT EDGAR
  15. Sep 1, 20264 PRIMARY DOCUMENT EDGAR
  16. Aug 6, 202610-Q EDGAR
  17. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  18. Jul 30, 20268-K CURRENT REPORT FILING EDGAR
  19. Jul 27, 2026SCHEDULE 13G/A EDGAR
  20. Jul 23, 20264 PRIMARY DOCUMENT EDGAR

The 493 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

60 open-market trades by officers, directors and large owners since October 2021: 36 buys and 24 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 31, 2026Guillaume Stephen JSENIOR VICE PRESIDENTBuy24$76.32$1.8KForm 4
Aug 5, 2026Painter John P IIDirectorBuy160$80.52$12.9KForm 4
Jul 9, 2026Gephart LeeAnnEXECUTIVE VICE PRESIDENTSale15$71.52$1.1KForm 4
Jun 25, 2026Gephart LeeAnnEXECUTIVE VICE PRESIDENTSale29$66.52$1.9KForm 4
May 29, 2026Guillaume Stephen JSENIOR VICE PRESIDENTBuy34$61.78$2.1KForm 4
May 28, 2026Gephart LeeAnnEXECUTIVE VICE PRESIDENTSale24$64.78$1.6KForm 4
May 12, 2026Painter John P IIDirectorBuy140$63.67$8.9KForm 4
Mar 6, 2026Painter John P IIDirectorBuy675$61.00$41.2KForm 4
Feb 27, 2026Guillaume Stephen JSENIOR VICE PRESIDENTBuy13$57.06$742Form 4
Nov 28, 2025Guillaume Stephen JSENIOR VICE PRESIDENTBuy16$53.10$850Form 4
Nov 4, 2025BLACK RANDALL ECEO & PRESIDENTBuy22$54.25$1.2KForm 4
Nov 3, 2025BLACK RANDALL ECEO & PRESIDENTBuy478$54.10$25.9KForm 4
Aug 31, 2025Guillaume Stephen JSENIOR VICE PRESIDENTBuy13$56.96$740Form 4
Aug 22, 2025Freeman Thomas E.DirectorSale3,000$60.00$180.0KForm 4
Jul 8, 2025Gephart LeeAnnEXECUTIVE VICE PRESIDENTSale14$59.64$835Form 4
Jun 24, 2025Gephart LeeAnnEXECUTIVE VICE PRESIDENTSale33$59.58$2.0KForm 4
May 30, 2025Guillaume Stephen JSENIOR VICE PRESIDENTBuy15$58.09$871Form 4
May 6, 2025Painter John P IIDirectorBuy215$57.40$12.3KForm 4
Feb 28, 2025Guillaume Stephen JSENIOR VICE PRESIDENTBuy13$57.45$747Form 4
Feb 3, 2025Painter John P IIDirectorBuy110$60.00$6.6KForm 4

All 60 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Jeffrey R. WhiteExecutive Vice President, Chief Operating Officer41$283.2K$359.7K76
2025Stephen J. GuillaumeExecutive Vice President, Chief Financial Officer, Treasurer of the Company and Bank49$250.0K$320.0K76

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 86. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.354,551$25.7M0.0%+23,257
Vanguard Capital Management LLC200,789$14.5M0.0%−912
Geode Capital Management, LLC119,810$8.7M0.0%+7,348
Citizens & Northern Corp117,063$8.5M1.9%No change
State Street Corp92,835$6.7M0.0%−1,095
Hudock, Inc.78,092$5.7M0.7%+37,305
American Century Companies Inc44,108$3.2M0.0%−78
Charles Schwab Investment Management Inc38,696$2.8M0.0%+1,080
Northern Trust Corp37,370$2.7M0.0%+283
Vanguard Fiduciary Trust Co32,192$2.3M0.0%+1,646
Dimensional Fund Advisors LP31,639$2.3M0.0%+3,049
Vanguard Portfolio Management LLC31,314$2.3M0.0%+5,199
Segall Bryant & Hamill, LLC20,701$1.5M0.0%No change
De Lisle Partners LLP20,519$1.5M0.2%No change
Quantinno Capital Management LP20,396$1.5M0.0%+6,545
Cyndeo Wealth Partners, LLC16,381$1.2M0.1%+88
Bank of New York Mellon Corp16,376$1.2M0.0%+913
Goldman Sachs Group Inc11,982$868.0K0.0%−5,616
Lawood & Co10,726$777.0K0.5%No change
Strs Ohio9,800$709.9K0.0%+3,400
Trexquant Investment LP9,643$698.5K0.0%−247
Aqr Capital Management LLC9,400$680.9K0.0%+5,588
Marshall Wace, Llp9,108$659.8K0.0%−9,067
Wells Fargo & Company/mn8,153$590.6K0.0%+2,179
Great Lakes Advisors, LLC7,797$564.8K0.0%−235

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How CITIZENS FINANCIAL SERVICES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCITIZENS FINANCIAL SERVICES INC1
  • CIK0000739421
  • Employer ID (EIN)23-22650455
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inPennsylvania5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address15 S Main St, Mansfield, PA 169331
  • Phone570-662-04441
  • Shares outstanding4,809,855 as of Jul 29, 202612
  • Public float$264.8M as of Jun 30, 20255
  • AuditorS.R. Snodgrass, P.C., Cranberry Township, Pennsylvania PCAOB ID 74; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceMar 9, 19951
  • Filings2,121 in all: 4 (1,503), 8-K (229), 10-Q (95), 4/A (59), 10-K (32), DEF 14A (32), 3 (31), DEFA14A (21)1
    All 38 form types

    ARS (19), 425 (13), UPLOAD (11), 5 (8), CORRESP (7), PRE 14A (6), 10-K/A (5), SC 13G/A (5), 424B3 (4), EFFECT (4), S-8 (4), 8-K/A (3), S-4 (3), S-4/A (3), SC 13G (3), 10-Q/A (2), 144 (2), 3/A (2), S-3 (2), S-3D (2), SCHEDULE 13G/A (2), 8-A12B (1), CERT (1), D (1), DEFR14A (1), RW (1), S-4MEF (1), S-8 POS (1), SC 13D (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Mar 12, 2026
    Latest 8-K (8-K) Jul 30, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, Par value $1.00 per shareCZFSNasdaq

From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks CITIZENS FINANCIAL SERVICES INC names in Item 1A of its 10-K filed Mar 12, 2026: 20 risks under these headings, as written.5

  • RISKS RELATED TO CHANGES IN MARKET INTEREST RATES
  • Changing interest rates may decrease our earnings and asset values.
  • Impact of Inflation
  • RISKS RELATED TO OUR LIQUIDITY
  • Access to Liquidity
  • RISKS RELATED TO OUR LENDING ACTIVITIES
  • Activities related to the drilling for natural gas in the Marcellus and Utica Shale formations impacts certain customers of the Bank.
  • Higher credit losses could require us to increase our allowance for credit losses through a charge to earnings.
  • Our emphasis on commercial real estate, agricultural real estate, construction and other commercial loan lending may expose us to increased lending risks.
  • Agricultural loans are dependent for repayment on the successful operation and management of the farm property, the health of the agricultural industry broadly, and on the location of the borrower in particular, and other factors outside of the borrower’s control.
  • Loan participations comprise a portion of our loan portfolio and a decline in loan participation volume could hurt profits and slow loan growth.
  • Environmental liability associated with lending activities could result in losses.
The other 13 risks
  • RISKS RELATED TO OUR INVESTMENT SECURITIES
  • The Company’s investment securities portfolio is subject to credit risk, market risk, and liquidity risk, and declines in value in its investment securities portfolio may require it to record impairment charges that could have a material adverse effect on its results of operations and financial condition.
  • RISKS RELATED TO OUR SECONDARY MORTGAGE OPERATIONS
  • Income from secondary mortgage market operations is volatile, and we may incur losses or charges with respect to our secondary mortgage market operations which would negatively affect our earnings.
  • RISKS RELATED TO OUR MARKET AREA
  • The Company’s financial condition and results of operations are dependent on the economy in the Bank’s market area.
  • RISKS RELATED TO LAWS AND REGULATIONS
  • Regulation of the financial services industry is significant, and future legislation could increase our cost of doing business or harm our competitive position.
  • Our ability to pay dividends is limited by law.
  • Federal and state banking laws, our articles of incorporation and our by-laws may have an anti-takeover effect.
  • RISKS RELATED TO COMPETITION
  • Strong competition within the Bank’s market areas could hurt profits and slow growth.
  • Disintermediation of Banks
  • RISKS RELATED TO OUR OPERATIONS
  • We rely on our management and other key personnel, and the loss of any of them may adversely affect our operations.
  • We are periodically subject to examination and regulation by a number of banking agencies and, depending upon the findings and determinations of these agencies, we may be required to make adjustments to our business that could adversely affect us.
  • We are subject to certain risks in connection with our use of technology.
  • Our risk management framework may not be effective in mitigating risks and/or losses to us.
  • RISKS RELATED TO OUR MERGER AND ACQUISITION ACTIVITY
  • Impairment of goodwill could require charges to earnings, which could result in a negative impact on our results of operations.
  • We may fail to realize all of the anticipated benefits of entering new markets.

Legal proceedings

The Company is not involved in any pending legal proceedings other than routine legal proceedings occurring in the ordinary course of business. Such routine legal proceedings in the aggregate are believed by management to be immaterial to the Company’s consolidated financial condition or results of operations.

The opening of Item 3, Legal Proceedings.5

Sources

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