---
schema_version: "secwatch.filing_event.v1"
accession: "0000739421-24-000028"
form_type: "8-K"
ticker: "CZFS"
cik: "0000739421"
company_name: "CITIZENS FINANCIAL SERVICES INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:46:49.267834+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CZFS Q1 net income $7.0M (+2.3%), EPS $1.49 vs $1.71; NPA rise $4.8M YoY

## Summary
- Net income $7.0M, up 2.3% YoY; basic EPS $1.49 vs $1.71 (impacted by share increase from HVB acquisition).
- Net interest income $20.96M, up 15.9% YoY, driven by HVB acquisition; margin compressed to 3.05% from 3.30%.
- Non-interest income $4.97M, up $2.8M, including $1.1M pre-tax gain on sale of Braavo assets.
- Provision for credit losses $785K (vs $0 in Q1 2023) due to NPA increase; NPA $15.7M (0.70% of loans) vs $10.9M a year ago.
- Dividend raised 2.1% to $0.49 per share; paid March 29, 2024 to holders of record March 15.

## SEC filing metadata
- accession: 0000739421-24-000028
- form_type: 8-K
- ticker: CZFS
- cik: 0000739421
- company_name: CITIZENS FINANCIAL SERVICES INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/739421/000073942124000028/0000739421-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/739421/000073942124000028/firstqtrearnings2024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000739421-24-000028
- JSON: https://secwatch.observer/filing/0000739421-24-000028.json
- Plain text: https://secwatch.observer/filing/0000739421-24-000028.txt

## Key facts
- Earnings Releases
  CITIZENS FINANCIAL SERVICES INC reported first quarter 2024 results: net income $7,024,000, EPS $1.49.
  - Period: first quarter 2024
  - Net income: $7,024,000
  - EPS: $1.49
  - Result: reported results
  source text: Randall E. Black, Chief Executive Officer, recently announced the unaudited consolidated financial results for Citizens Financial Services, Inc. and susbisidaries for the first quarter 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/739421/000073942124000028/0000739421-24-000028-index.htm

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