---
schema_version: "secwatch.filing_event.v1"
accession: "0000739421-23-000003"
form_type: "8-K"
ticker: "CZFS"
cik: "0000739421"
company_name: "CITIZENS FINANCIAL SERVICES INC"
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:52:45.422850+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial Q4 net income $7.9M (+13.4% YoY); EPS $1.99 vs $1.74

## Summary
- Net income for Q4 2022 was $7.9M ($1.99 EPS), up 13.4% from $6.9M ($1.74 EPS) in Q4 2021.
- Full-year 2022 net income $29.1M ($7.32 EPS) flat vs 2021; net interest income grew 9.1% to $72.1M.
- Net loan growth of $282.2M (19.8%) driven by Delaware; loan-to-deposit ratio rose to 93.54% from 78.51%.
- Non-performing assets fell to $7.5M (0.43% of loans); allowance for loan losses 1.08%.
- Quarterly dividend raised to $0.480/share (+3.13%); HV Bancorp merger expected to close Q2 2023.

## SEC filing metadata
- accession: 0000739421-23-000003
- form_type: 8-K
- ticker: CZFS
- cik: 0000739421
- company_name: CITIZENS FINANCIAL SERVICES INC
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/739421/000073942123000003/0000739421-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/739421/000073942123000003/fourthqtrearnings.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000739421-23-000003
- JSON: https://secwatch.observer/filing/0000739421-23-000003.json
- Plain text: https://secwatch.observer/filing/0000739421-23-000003.txt

## Key facts
- Earnings Releases
  CITIZENS FINANCIAL SERVICES INC reported the fourth quarter 2022 results: net income $7.9 million.
  - Period: the fourth quarter 2022
  - Net income: $7.9 million
  - Result: reported results
  source text: On Janaury 30, 2023, Citizens Financial Services, Inc. issued a press release titled “Citizens Financial Services, Inc. Reports Unaudited Full Year and Fourth Quarter 2022 Financial Results”
  evidence_url: https://www.sec.gov/Archives/edgar/data/739421/000073942123000003/0000739421-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.