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Citizens Financial Services Inc.

CZFS Financial Banks Regional

Citizens Financial Services Inc.’s revenue for fiscal 2025 (year ended December 2025) was $173.5 million, up 2.24% from fiscal 2024.

Revenue
+8.19%
EPS
+18.7%
Free cash flow
+84.0%
Total debt
+83.3%

Quarter to September 2026, against a year earlier

85.51 1.79 −2.05%
Market cap
$413.9M
P/E
9.6×
Fwd P/E
9.8×
Dividend yield
2.36%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.07
Sold, $m 0.00
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 1 — 2 — — 2 — — —
Sell — — — — — 1 1 1 — — — —
Insider Ownership 6.63%

Capital & Financial Ratios $m

Size
Market Cap 413.91
Revenue ttm 179.76
Net income ttm 42.97
Free cash flow ttm 39.20
Net debt Q 512.49
Valuation
P/E 9.55
Forward P/E 9.79
Price / sales 2.28
Forward P/S Powerpack
Price / FCF 10.47
Price / book 1.17
Financial health
Current ratio Q 0.00
Debt / equity Q 1.46
Interest coverage Q —
Growth
Revenue growth Q +8.19% (above 0%: growing)
Operating income growth Q +18.48% (above 0%: growing)
EPS, this year +19.55% (at or above 15%: strong)
EPS, next year A +0.44%
Revenue, next year A −43.20% (below 0%: weak)
EPS, past 5 yrs +3.56%
EPS, next 5 yrs A +9.91%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 35.50%
10-year low 10-year high
P/S against its own 10 years 30.29%
10-year low 10-year high
P/B against its own 10 years 45.32%
10-year low 10-year high

Dividends raised 4 years running

Yield
2.36%
Annual rate
2.02
Payout ratio
22.6%
Growth, 2017–25
+3.11%/yr
  1. 1.56 ’17
  2. 1.64 ’18 +5
  3. 1.69 ’19 +3
  4. 1.85 ’20 +9
  5. 1.81 ’21 −2
  6. 1.86 ’22 +3
  7. 1.92 ’23 +3
  8. 1.95 ’24 +2
  9. 1.99 ’25 +2
  10. 2.02 ’26e +2
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 57 46 38 43
Receivables — — — —
Inventory — — — —
Other — — — —
2,305 2,357 2,386 2,436
2023 2024 2025 Q'26
Payables 2,321 2,382 2,377 2,509
ST’ Debt — — — —
Other — — — —
2,326 2,387 2,380 2,513

Compound Annual Growth %

10y 5y 3y
Sales 14.95% 16.25% 23.06%
Cash Flow 11.05% 25.31% 3.20%
Earnings 12.14% 7.82% 7.97%
Book Value 10.93% 11.72% 19.09%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.20 Actual 2.48

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 2.07 2.18 Beat by 0.11
Q1 FY26 1.98 2.16 Beat by 0.18
Q2 FY26 1.98 2.12 Beat by 0.14
Q3 FY26 2.20 2.48 Beat by 0.28
Q4 FY26 2.24 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 2.16 2.12 2.48 — —
’25 1.60 1.76 2.09 2.18 7.62
’24 1.49 1.11 1.59 1.68 5.85
’23 1.71 (1.01) 1.61 1.60 4.06
’22 1.68 1.72 1.88 1.97 7.25
’21 2.10 1.66 1.75 1.73 7.23
’20 1.24 1.35 1.98 1.80 6.40
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 44 44 48 — —
’25 42 42 44 45 174
’24 43 41 42 43 170
’23 27 29 40 42 139
’22 20 22 24 27 93
’21 23 21 21 21 86
’20 17 20 22 22 82
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 18 0 5 — —
’25 11 6 3 17 37
’24 13 3 6 10 33
’23 10 (8) 7 16 27
’22 12 3 9 9 33
’21 14 8 11 6 39
’20 5 (10) 3 14 12
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 18 0 5 — —
’25 10 5 3 17 35
’24 21 3 6 10 39
’23 10 (9) 7 16 24
’22 12 2 9 8 32
’21 13 8 10 6 38
’20 4 (10) 3 14 11
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 51 57 64 70 82 86 93 139 170 174 180 +14.6% — — — —
Gross margin, % 90.10 89.71 85.15 82.89 90.08 91.69 87.94 66.22 60.01 64.75 67.14 (25.4) pt
EBT 16 19 21 23 30 35 35 22 34 45 50 +12.5%
EBT margin, % 30.79 33.58 33.24 33.13 37.16 41.30 38.13 15.55 19.96 26.07 0.00 (4.7) pt
Net income 13 13 18 19 25 29 29 18 28 37 43 +12.5%
Per share, $
Per share, $ Revenue 13.67 15.36 17.49 19.17 20.84 21.26 22.95 30.99 35.38 36.16 0.00 +11.4%
Earnings 3.39 3.52 4.89 5.32 6.41 7.23 7.25 4.06 5.86 7.62 8.95 +9.4%
Cash flow 4.35 4.26 5.83 5.93 3.01 9.62 8.20 5.93 6.92 7.61 0.00 +6.4%
Capex 0.10 (0.06) (0.14) (0.13) (0.24) (0.27) (0.40) (0.58) 1.22 (0.27) 0.00 n/m
Free cash flow 4.45 4.20 5.69 5.80 2.77 9.34 7.79 5.34 8.14 7.35 0.00 +5.7%
Book value 33.11 34.92 37.77 42.17 49.53 52.82 49.35 62.48 62.48 70.46 0.00 +8.8%
Shares, m 4 4 4 4 4 4 4 4 5 5 5 +2.9%
Valuation, ×
Valuation, × P/E 13.16 16.23 10.58 10.89 8.37 8.06 10.31 16.12 10.68 7.46 9.55 11.2
P/S 3.27 3.74 2.96 3.02 2.56 2.74 3.26 2.03 1.77 1.58 2.28 2.7
P/B 1.35 1.64 1.37 1.37 1.08 1.10 1.51 1.01 1.00 0.81 1.17 1.2
EV/Sales 4.65 5.40 4.00 3.86 2.69 1.49 5.71 3.97 3.27 3.14 — 3.8
EV/FCF 14.28 19.73 12.28 12.75 20.18 3.38 16.81 23.00 14.22 15.46 — 15.2
Cash, $m
Cash, $m Operating cash flow 16 16 21 22 12 39 33 27 33 37 40 +9.5%
Capex 0 0 0 0 (1) (1) (2) (3) 6 (1) (1) n/m
Free cash flow 17 16 21 21 11 38 32 24 39 35 39 +8.7%
Balance, $m
Balance, $m Working capital (185) (82) (79) (72) (97) (219) (99) (21) (29) 6 (2,513) n/m
Net debt 55 86 59 52 6 (110) 225 265 252 271 512 +19.4%
Shareholders’ equity 123 129 139 155 194 212 200 280 300 338 351 +11.9%
Returns, %
Returns, % ROA 1.06 1.01 1.29 1.35 1.50 1.44 1.30 0.67 0.93 1.20 1.33 +0.1 pt
ROIC 5.50 5.59 6.76 7.17 10.14 21.51 5.26 3.54 3.84 4.64 0.00 (0.9) pt
ROE 10.40 10.33 13.45 13.26 14.38 14.32 14.08 7.42 9.60 11.47 12.66 +1.1 pt
People
People Employees 270 273 274 268 306 306 328 422 410 405 — +4.6%
Revenue/emp, $m 0.19 0.21 0.24 0.26 0.27 0.28 0.28 0.33 0.41 0.43 — +9.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Citizens Financial Services Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RBB RBB Bancorp $432.5M 10.5× 10.1× −4.00% (below 0%: shrinking) +13.21% (above 0%: growing) +4.05% (above 0%: growing) 55.01% 0.00% Compare
PCB PCB Bancorp $424.1M 10.2× 9.9× +2.13% (above 0%: growing) +8.86% (above 0%: growing) −6.30% (below 0%: shrinking) 57.79% 0.00% Compare
CZFS Citizens Financial Services Inc. $413.9M 9.6× 9.8× +8.19% (above 0%: growing) +18.66% (above 0%: growing) +84.04% (above 0%: growing) 66.14% 0.00%
FNLC First Bancorp, Inc (ME) $412.9M 10.3× 10.2× +2.14% (above 0%: growing) +17.07% (above 0%: growing) −23.54% (below 0%: shrinking) 59.15% 0.00% Compare
CHMG Chemung Financial Corp $410.8M 10.7× 10.1× +6.14% (above 0%: growing) +62.35% (above 0%: growing) −3.80% (below 0%: shrinking) 75.38% 0.00% Compare
FCBM FIRST CAROL FIN $410.1M — — — — — 60.28% 0.00% Compare
NECB Northeast Community Bancorp Inc. $399.2M 9.0× 11.9× −5.64% (below 0%: shrinking) −11.76% (below 0%: shrinking) −14.85% (below 0%: shrinking) 68.91% 0.00% Compare
FDBC Fidelity D&D Bancorp Inc. $395.8M 12.7× 22.8× +5.91% (above 0%: growing) +11.67% (above 0%: growing) +157.33% (above 0%: growing) 70.54% 0.00% Compare
NWFL Norwood Financial Corp. $391.5M 12.4× 11.5× +28.48% (above 0%: growing) +28.36% (above 0%: growing) +65.58% (above 0%: growing) 68.32% 0.00% Compare
Median of peers $410.5M 10.5× 10.2× +2.14% +13.21% −3.80% 64.30% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 12 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.21m 1.03m 125.00
2024 1.40m 1.28m 133.00
2023 1.26m 1.25m 130.00
2022 1.44m 1.33m 148.00
2021 1.65m 1.42m 113.00

Ownership

Directors and executive officers, together 5.50%
BlackRock, Inc. 5.90%
The Vanguard Group 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Citizens Financial Services Inc. (CZFS) Latest News

30 Oct

Impact 4 · · Zacks
Impact 4 · · Associated Press Finance
Impact 3 · · PR Newswire
Impact 3 · · PR Newswire

19 Oct

Impact 3 · · Zacks

2 Oct

Impact 3 · · Zacks

14 Aug

Impact 3 ·

30 Jul

Impact 3 ·

29 Apr

Impact 4 · · PR Newswire
Impact 3 · · Zacks

9 Feb

Impact 4 · · Simply Wall St.

30 Jan

Impact 4 · · Zacks

29 Jan

Impact 4 ·
Impact 4 · · Associated Press Finance
Impact 4 · · PR Newswire

22 Jan

Impact 4 · · ZacksZacksZacksZacksZacksZacksZacksZacks
Impact 3 · · Zacks
Impact 3 ·
Impact 3 · · Zacks

19 Jan

Impact 4 · · Simply Wall St.

16 Jan

Impact 4 · · Zacks

13 Jan

Impact 3 · · Simply Wall St.

8 Jan

Impact 3 · · Simply Wall St.

10 Dec

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

7 Dec

Impact 3 · · Simply Wall St.

19 Nov

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

10 Nov

Impact 3 · · PR Newswire

31 Oct

Impact 4 · · Simply Wall St.
stockrow.com/CZFS · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com