---
schema_version: "secwatch.filing_event.v1"
accession: "0000739421-23-000056"
form_type: "8-K"
ticker: "CZFS"
cik: "0000739421"
company_name: "CITIZENS FINANCIAL SERVICES INC"
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T22:31:37.004418+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial Services Q2 net loss $4.1M on HVB deal costs; adjusted EPS $1.58

## Summary
- Net loss of $4.1M ($1.01 loss per share) vs net income $6.9M ($1.72) in Q2 2022; adjusted EPS ex merger costs $1.58.
- Completed acquisition of HV Bancorp on June 16 for ~$76.7M; added $486M loans, $533M deposits.
- Net interest income $17.9M, up 1.1% YoY; provision for credit losses $4.85M including $4.6M NPC provision.
- Total assets $2.89B at June 30; deposits $2.27B; organic loans declined $40M.
- Quarterly dividend increased 3% to $0.485/share, paid June 30.

## SEC filing metadata
- accession: 0000739421-23-000056
- form_type: 8-K
- ticker: CZFS
- cik: 0000739421
- company_name: CITIZENS FINANCIAL SERVICES INC
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/739421/000073942123000056/0000739421-23-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/739421/000073942123000056/secondqtrearnings2023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000739421-23-000056
- JSON: https://secwatch.observer/filing/0000739421-23-000056.json
- Plain text: https://secwatch.observer/filing/0000739421-23-000056.txt

## Key facts
- Earnings Releases
  CITIZENS FINANCIAL SERVICES INC reported second quarter 2023 results: net income Net loss was $4.1 million for the three months ended June 30, 2023.
  - Period: second quarter 2023
  - Net income: Net loss was $4.1 million for the three months ended June 30, 2023
  - Result: reported results
  source text: Net loss was $4.1 million for the three months ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/739421/000073942123000056/0000739421-23-000056-index.htm

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