Citizens Financial Services (CZFS) AI Stock Analysis

• Market Cap: $291.05M
• Dividend Yield: 3.32%
• Average Volume (3M): 9.13K
• Price to Earnings (P/E): 10.2
• Beta (1Y): 1.09
• Revenue Growth: 9.53%
• EPS Growth: 63.45%
• Country: US
• Employees: 379
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): 1.60
• Shares Outstanding: 4,759,672
• 10 Day Avg. Volume: 10,392
• 30 Day Avg. Volume: 9,127
• PEG Ratio: 7.10
• Price to Book (P/B): 0.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 75 Outperform
• Price Target: ―

Citizens Financial Services exhibits strong financial health with robust revenue growth and cash flow, supported by a solid balance sheet. The stock is attractively valued, offering a good dividend yield. However, technical analysis suggests caution due to bearish indicators. Overall, the stock is well-positioned in the regional banking sector, with its financial stability and strategic initiatives contributing positively to its rating.

Citizens Financial Services Business Overview & Revenue Model

Company Description

Citizens Financial Services, Inc. operates as the bank holding company for First Citizens Community Bank that provides various banking products and services for individual, business, governmental, and institutional customers. The company accepts various deposit products, such as checking, savings, and time deposit accounts. Its loan products include residential, commercial, and agricultural real estate loans; commercial and industrial loans; state and political subdivision loans; and consumer loans, as well as various other specialized financial services. The company also provides professional trust administration, investment management services, estate planning and administration, custody of securities, and individual retirement accounts. In addition, it offers brokerage and financial planning services, as well as assistance in various oil and gas leasing matters; and mutual funds, annuities, and health and life insurance products. As of December 31, 2021, the company operates thirty full-service banking branches in Potter, Tioga, Bradford, Clinton, Lebanon, Lancaster, Berks, Schuylkill, Centre, and Chester counties, Pennsylvania; Allegany County, New York; and Wilmington and Dover, Delaware, as well as a limited branch office in Union County, Pennsylvania. Citizens Financial Services, Inc. was founded in 1932 and is headquartered in Mansfield, Pennsylvania.

How the Company Makes Money

Citizens Financial Services generates revenue primarily through its subsidiary, First Citizens Community Bank, by offering a variety of financial products and services. Key revenue streams include interest income from loans and mortgages, fee-based income from account services, and income from investment and wealth management services. The company also earns money from service charges on deposit accounts, transaction fees, and other banking-related services. Additionally, Citizens Financial Services leverages partnerships with financial technology providers to enhance its service offerings and expand its customer base, contributing further to its revenue growth.

Citizens Financial Services Financial Statement Overview

Summary

Citizens Financial Services presents a strong financial profile with solid revenue growth, improved profitability margins, and robust cash flow generation. The balance sheet shows a healthy financial position with no debt and increasing equity. The company's effective cash conversion and management underpin its financial strength, making it well-positioned in the banking sector.

Income Statement

Citizens Financial Services has demonstrated strong revenue growth, with total revenue increasing significantly from $58.3 million in 2019 to $154.3 million in 2024. The gross profit margin remains healthy at 100% due to the nature of banking operations. Net profit margin improved over the years, peaking at 18.0% in 2024. The EBIT margin also increased consistently, reaching 98.3% by 2024. These metrics indicate robust profitability and operational efficiency in the banking sector, supported by strong revenue and profit growth.

Balance Sheet

The company's financial position is stable, with a strong equity base, as seen in the increasing stockholders' equity from $154.8 million in 2019 to $299.7 million in 2024. The debt-to-equity ratio improved significantly, reaching 0.0 in 2024, indicating no debt, which reduces financial risk. Return on equity, calculated at 9.3% in 2024, reflects a modest return on shareholder investment. The equity ratio improved to 9.9% in 2024, indicating a solid equity buffer. Overall, the balance sheet showcases a solid position with low leverage and healthy equity growth.

Cash Flow

The cash flow statement reveals effective cash management, with operating cash flow showing an increasing trend, reaching $33.2 million in 2024. Free cash flow also improved significantly, indicating strong cash generation capabilities. The free cash flow to net income ratio is robust, reflecting effective conversion of profits to cash. The operating cash flow to net income ratio of 1.19 in 2024 suggests efficient cash conversion. These metrics highlight the company's strong cash flow generation and management, which supports operational and financial stability.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
154.32M	86.34M	81.87M	78.42M	73.61M
	Gross Profit
154.32M	86.34M	81.87M	78.42M	73.61M
	EBIT
151.72M	42.66M	47.59M	35.32M	30.37M
	EBITDA
0.00	23.04M	36.53M	36.43M	31.50M
	Net Income Common Stockholders
27.82M	17.81M	29.06M	29.12M	25.10M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
468.11M	470.42M	471.77M	596.26M	377.65M
	Total Assets
3.03B	2.98B	2.33B	2.14B	1.89B
	Total Debt
280.38M	322.04M	257.28M	73.98M	88.84M
	Net Debt
234.36M	265.15M	225.01M	-109.88M	6.37M
	Total Liabilities
2.73B	2.70B	2.13B	1.93B	1.70B
	Stockholders Equity
299.73M	279.67M	200.15M	212.49M	194.26M
Cash Flow		Free Cash Flow
33.18M	23.92M	31.61M	37.59M	10.88M
	Operating Cash Flow
33.18M	26.54M	33.24M	38.69M	11.82M
	Investing Cash Flow
-69.07M	59.47M	-362.45M	-158.23M	-110.73M
	Financing Cash Flow
25.27M	-59.40M	182.59M	223.66M	149.10M

Citizens Financial Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 61.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CZFS, the sentiment is Positive. The current price of 61.15 is above the 20-day moving average (MA) of 58.63, above the 50-day MA of 57.65, and above the 200-day MA of 58.89, indicating a bullish trend. The MACD of 1.26 indicates Negative momentum. The RSI at 56.16 is Neutral, neither overbought nor oversold. The STOCH value of 54.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CZFS.

Citizens Financial Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FNLC	78 Outperform	$275.35M	9.77	11.19%	6.08%	13.25%	1.46%
CZFS	75 Outperform	$291.05M	10.23	9.62%	3.32%	9.53%	63.45%
PCB	75 Outperform	$286.74M	10.27	8.00%	3.79%	14.10%	11.76%
SFST	69 Neutral	$301.27M	16.36	5.60%	―	8.57%	37.95%
PDLB	66 Neutral	$325.23M	22.65	2.88%	―	20.07%	147.42%
Sector *	64 Neutral	$12.67B	9.74	7.58%	17015.08%	12.21%	-6.96%
BRBS	44 Neutral	$316.39M	―	-4.98%	―	-16.75%	86.60%

Citizens Financial Services Corporate Events

Citizens Financial Services Announces Executive Bonuses

On May 21, 2025, Citizens Financial Services announced the determination of annual bonuses for its executive officers under the Annual Incentive Plan for fiscal year 2024. The bonuses, which were not included in the initial 2025 Proxy Statement, resulted in increased total compensation for the executives, with CEO Randall E. Black receiving $545,991. The company also disclosed the CEO pay ratio, revealing a ratio of 27.7 between the CEO’s total compensation and the median employee’s compensation, as part of its compliance with the Dodd-Frank Act.

Citizens Financial Services Announces Investor Presentation Plans

Citizens Financial Services, Inc. has announced its intention to use an investor presentation in upcoming meetings with investors. The company has consistently been ranked among the top community banks and has received numerous accolades for its performance and customer satisfaction. The announcement highlights the company’s strategic initiatives and financial stability, which are crucial for stakeholders and investors in assessing future growth and market positioning.

Citizens Financial Services Hosts Annual Shareholders Meeting

Citizens Financial Services, Inc. presented at the 2025 Annual Meeting of Shareholders on April 15, 2025. In 2024, the company focused on operational initiatives such as forming a Digital Steering Committee, replacing its ATM fleet, and opening a new loan production office. Financially, the company finished in the 74th percentile for efficiency ratio and showed varying performance in return on equity and assets compared to its peers. The company also engaged in community contributions and faced challenges like a turbulent economy and regulatory changes, impacting customers with increased food costs and availability issues.