---
schema_version: "secwatch.filing_event.v1"
accession: "0000739421-23-000079"
form_type: "8-K"
ticker: "CZFS"
cik: "0000739421"
company_name: "CITIZENS FINANCIAL SERVICES INC"
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T17:37:08.169898+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000739421-23-000079
- form_type: 8-K
- ticker: CZFS
- cik: 0000739421
- company_name: CITIZENS FINANCIAL SERVICES INC
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/739421/000073942123000079/0000739421-23-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/739421/000073942123000079/thirdqtearnings2023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000739421-23-000079
- JSON: https://secwatch.observer/filing/0000739421-23-000079.json
- Plain text: https://secwatch.observer/filing/0000739421-23-000079.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/739421/000073942123000079/0000739421-23-000079-index.htm
- Earnings Releases
  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
  source text: Net income was $7.5 million for the three months ended September 30, 2023 and 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/739421/000073942123000079/0000739421-23-000079-index.htm

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