Citizens Financial Q3 net income $7.5M flat YoY; EPS $1.61 down from $1.88

CITIZENS FINANCIAL SERVICES INC

2023-Q3 EPS reported $2.40 revenue$6,702,000

Net income $7.5M for Q3 2023 vs $7.5M in Q3 2022; basic EPS $1.61 vs $1.88.
Net interest income $22.4M, up 18.9% YoY, driven by HV Bancorp acquisition.
Total assets $2.96B at Sept 30, 2023, vs $2.33B at Dec 31, 2022.
Merger & acquisition costs totaled $9.3M through nine months; NPC provision $4.6M.
Quarterly dividend raised 3.1% to $0.49 per share, paid Sept 29.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CITIZENS FINANCIAL SERVICES INC reported nine months ended September 30, 2023 results: net income $10,271,000, EPS $2.40.

Period: nine months ended September 30, 2023
Net income: $10,271,000
EPS: $2.40
Result: reported results

Exact text from the filing

For the nine months ended September 30, 2023, net income totaled $10,271,000 which compares to net income of $21,185,000 for the first nine months of 2022, a decrease of $10,914,000. Basic earnings per share of $2.40 for the first nine months of 2023 compares to $5.28 for the first nine months last year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CITIZENS FINANCIAL SERVICES INC reported third quarter 2023 results: net income $7.5 million.

Period: third quarter 2023
Net income: $7.5 million
Result: reported results

Exact text from the filing

Net income was $7.5 million for the three months ended September 30, 2023 and 2022.

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Source: SEC EDGAR

accession 0000739421-23-000079

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