secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL SERVICES INC (CZFS)
CIK:        0000739421
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0000739421-23-000079
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/739421/000073942123000079/0000739421-23-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/739421/000073942123000079/thirdqtearnings2023.htm
  HTML page:      https://secwatch.observer/filing/0000739421-23-000079

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