CZFS - Dividend announcements

MANSFIELD, Pa., Jan. 29, 2026 /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 and year ended December 31, 2025. Highlights Net income was $36,572,000 for 2025, which is $8,754,000, or 31.5%, more than 2024's net income due to the increase in net interest income after the provision for credit losses of $11,758,000. The effective tax rate for 2025 was 18.9% compared to 17.4% in 2024.Net income was $10,483,000 for the three months ended December 31, 2025, which was $2,500,000 more than the net income for 2024's comparable period due to a

MANSFIELD, Pa., Oct. 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 nine months ended September 30, 2025. Highlights Net income for the first nine months of 2025 was $26,089,000, which was $6,254,000, or 31.5% more than 2024's net income through September 30, 2024 due to the increase in net interest income after the provision for credit losses of $8,920,000. The effective tax rate for the first nine months of 2025 was 18.9% compared to 17.8% in the comparable period in 2024.Net income was $10,005,000 for the three months ended

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 Net income for the first six months of 2025 was $16.1 million, which was $3.8 million, or 30.8% more than 2024's net income through June 30, 2024 due to the increase in net interest income after the provision for credit losses of $5.8 million. The effective tax rate for the first six months of 2025 was 18.7% compared to 17.4% in the comparable period in 2024.Net income was $8.5 million for the three months ended June 3

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

MANSFIELD, Pa., Sept. 2, 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 September 30, 2022 to shareholders of record at the close of business on September 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 believe that the recent uplisting of our stock to the Nasdaq Capital Market has complemented our demonstrated growth, and our c

MANSFIELD, Pa., Sept. 1, 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 September 30, 2022 to shareholders of record at the close of business on September 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 believe that the recent uplisting of our stock to the Nasdaq Capital Market has complemented our demonstrated growth, and our c