secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL SERVICES INC (CZFS)
CIK:        0000739421
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0000739421-23-000056
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/739421/000073942123000056/0000739421-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/739421/000073942123000056/secondqtrearnings2023.htm
  HTML page:      https://secwatch.observer/filing/0000739421-23-000056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer