- Citizens Financial Services (CZFS) reported **net income** of **$10,005,000** for the three months ended September 30, 2025, marking a **32.7%** increase compared to the same period in 2024. For the first nine months of 2025, net income was **$26,089,000**, an increase of **31.5%** over the comparable period in 2024.  **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:1]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:3]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:4]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:7]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:9]** 
- This performance translated to **basic earnings per share** of **$2.09** for Q3 2025 and **$5.44** for the first nine months of 2025.  **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:4]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:7]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:9]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:10]** 
- **Profitability ratios improved**, with annualized return on average assets at **1.33%** for Q3 2025 and **1.16%** for the nine months ended September 30, 2025. Annualized return on average equity reached **12.52%** for Q3 2025 and **11.15%** for the nine-month period.  **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:1]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:3]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:4]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:7]** 
- **Net interest income before the provision for credit losses** increased by **17.9%** to **$25,140,000** for Q3 2025 and by **12.9%** to **$71,790,000** for the first nine months of 2025.  **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:1]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:3]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:4]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:9]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:10]** 
- As of September 30, 2025, **total assets** stood at **$3.06 billion**, **deposits** at **$2.41 billion** (an increase of **$29.2 million** from December 31, 2024), and **stockholders' equity** at **$327.7 million** (an increase of **$27.9 million** from December 31, 2024).  **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:5]** **[739421_0000739421-25-000112_thirdqtrpressrelease2025.htm:8]**

Citizens Financial Services Reports Strong Q3 2025 Earnings

- Citizens Financial Services Inc. (CZFS) reported **diluted earnings per share of $2.09** and **net income of $10.0 million** for the third quarter of 2025.  **[739421_0000739421-25-000113_thirdqtrinvestordeck2025.htm:2]** 
- As of September 30, 2025, the company's total assets were **$3.1 billion**, with **gross loans of $2.3 billion** and **deposits of $2.4 billion**.  **[739421_0000739421-25-000113_thirdqtrinvestordeck2025.htm:2]** 
- Profitability metrics for Q3 2025 included a **Core Return on Average Tangible Common Equity (ROATCE) of 17.29%** and a **Net Interest Margin of 3.60%**.  **[739421_0000739421-25-000113_thirdqtrinvestordeck2025.htm:2]** 
- Asset quality improved, with the **Non-Performing Assets (NPAs) to Assets Ratio at 0.75%** and the **Non-Performing Loans (NPLs) to Gross Loans Ratio at 0.88%** as of September 30, 2025.  **[739421_0000739421-25-000113_thirdqtrinvestordeck2025.htm:2]** 
- The **Tangible Book Value Per Share was $49.83** as of September 30, 2025.  **[739421_0000739421-25-000113_thirdqtrinvestordeck2025.htm:4]**

Citizens Financial Services Inc. Reports Q3 2025 Financial Results

- For the three months ended September 30, 2025, Citizens Financial Services reported **net income of $10,005,000**, an increase of **32.7%** from the comparable period in 2024, with **basic earnings per share of $2.09**.  **[739421_20251030PH10537:4]** **[739421_20251030PH10537:7]**  For the first nine months of 2025, net income was **$26,089,000**, up **31.5%** from the same period in 2024, and **basic earnings per share was $5.44**.  **[739421_20251030PH10537:1]** **[739421_20251030PH10537:3]** **[739421_20251030PH10537:7]** 
- The company saw improved profitability, with annualized return on average assets reaching **1.33%** for Q3 2025 and **1.16%** for the nine months ended September 30, 2025, up from 1.01% and 0.89% respectively in 2024.  **[739421_20251030PH10537:1]** **[739421_20251030PH10537:3]** **[739421_20251030PH10537:4]** **[739421_20251030PH10537:7]**  Annualized return on average equity also increased to **12.52%** for Q3 2025 and **11.15%** for the nine months, compared to 10.31% and 9.23% in the prior year periods.  **[739421_20251030PH10537:1]** **[739421_20251030PH10537:3]** **[739421_20251030PH10537:4]** **[739421_20251030PH10537:7]** 
- Net interest income before the provision for credit losses increased by **17.9%** to **$25,140,000** for the three months ended September 30, 2025, and by **12.9%** to **$71,790,000** for the nine months ended September 30, 2025, compared to the respective periods in 2024.  **[739421_20251030PH10537:1]** **[739421_20251030PH10537:4]** **[739421_20251030PH10537:8]**  The tax-effected net interest margin for the three months ended September 30, 2025, was **3.60%**, up from 3.09% in the prior year, and for the nine months, it was **3.44%**, up from 3.09%.  **[739421_20251030PH10537:3]** **[739421_20251030PH10537:4]** **[739421_20251030PH10537:7]** 
- Asset quality improved, with non-performing assets decreasing to **$22,994,000** as of September 30, 2025, a **19.6%** reduction since December 31, 2024.  **[739421_20251030PH10537:2]** **[739421_20251030PH10537:7]**  As a percentage of loans, non-performing assets stood at **0.98%** as of September 30, 2025, down from 1.24% at December 31, 2024, and 1.03% at September 30, 2024.  **[739421_20251030PH10537:2]** **[739421_20251030PH10537:7]** 

| Metric | As of Sep 30, 2024 | Q3 2024 | YTD Q3 2024 | As of Dec 31, 2024 | Q3 2025 | YTD Q3 2025 | As of Sep 30, 2025 |
|:---|:---:|:---:|:---:|:---:|:---:|:---:|:---:|
| Net Income ($USD Thousands) | N/A | $7,536  **[739421_20251030PH10537:7]**  | $19,835  **[739421_20251030PH10537:7]**  | N/A | $10,005  **[739421_20251030PH10537:7]**  | $26,089  **[739421_20251030PH10537:7]**  | N/A |
| Basic EPS ($USD) | N/A | $1.57  **[739421_20251030PH10537:7]**  | $4.14  **[739421_20251030PH10537:7]**  | N/A | $2.09  **[739421_20251030PH10537:7]**  | $5.44  **[739421_20251030PH10537:7]**  | N/A |
| Return on average assets (annualized) (%) | N/A | 1.01%  **[739421_20251030PH10537:7]**  | 0.89%  **[739421_20251030PH10537:7]**  | N/A | 1.33%  **[739421_20251030PH10537:7]**  | 1.16%  **[739421_20251030PH10537:7]**  | N/A |
| Return on average equity (annualized) (%) | N/A | 10.31%  **[739421_20251030PH10537:7]**  | 9.23%  **[739421_20251030PH10537:7]**  | N/A | 12.52%  **[739421_20251030PH10537:7]**  | 11.15%  **[739421_20251030PH10537:7]**  | N/A |
| Net interest income ($USD Thousands) | N/A | $21,324  **[739421_20251030PH10537:8]**  | $63,582  **[739421_20251030PH10537:8]**  | N/A | $25,140  **[739421_20251030PH10537:8]**  | $71,790  **[739421_20251030PH10537:8]**  | N/A |
| Net interest margin (tax equivalent) (%) | N/A | 3.09%  **[739421_20251030PH10537:7]**  | 3.09%  **[739421_20251030PH10537:7]**  | N/A | 3.60%  **[739421_20251030PH10537:7]**  | 3.44%  **[739421_20251030PH10537:7]**  | N/A |
| Non-performing assets ($USD Thousands) | $24,045  **[739421_20251030PH10537:7]**  | N/A | N/A | $24,045  **[739421_20251030PH10537:7]**  | N/A | N/A | $22,994  **[739421_20251030PH10537:7]**  |
| Non-performing assets to total loans (%) | 1.03%  **[739421_20251030PH10537:7]**  | N/A | N/A | 1.24%  **[739421_20251030PH10537:7]**  | N/A | N/A | 0.98%  **[739421_20251030PH10537:7]**  |

CITIZENS FINANCIAL SERVICES (CZFS)