---
schema_version: "secwatch.filing_event.v1"
accession: "0000739421-24-000023"
form_type: "8-K"
ticker: "CZFS"
cik: "0000739421"
company_name: "CITIZENS FINANCIAL SERVICES INC"
filed_at: "2024-04-16T23:59:59+00:00"
generated_at: "2026-06-03T22:34:23.515201+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial Services presents 2023 performance highlights at Annual Shareholder Meeting

## Summary
- Core ROAA of 1.00% and Core ROATCE of 16.56% for Q4 2023, above peer medians.
- Efficiency ratio of 61.63% for Q4 2023 outperformed peer groups (PA banks median 71.31%).
- CZFS shares declined 14.8% in 2023 but gained 38.6% in Q4 2023; P/TBV 174%.
- 1% stock dividend paid each year from 2019 through 2023.
- Challenges cited: turbulent economy, staffing, cybercrime, regulatory, customer preferences; no new guidance.

## SEC filing metadata
- accession: 0000739421-24-000023
- form_type: 8-K
- ticker: CZFS
- cik: 0000739421
- company_name: CITIZENS FINANCIAL SERVICES INC
- filed_at: 2024-04-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/739421/000073942124000023/0000739421-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/739421/000073942124000023/annualmtg24presentation.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000739421-24-000023
- JSON: https://secwatch.observer/filing/0000739421-24-000023.json
- Plain text: https://secwatch.observer/filing/0000739421-24-000023.txt

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