---
schema_version: "secwatch.filing_event.v1"
accession: "0000739421-24-000080"
form_type: "8-K"
ticker: "CZFS"
cik: "0000739421"
company_name: "CITIZENS FINANCIAL SERVICES INC"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:31:07.159537+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial Q2 net income $5.3M vs loss year ago; EPS $1.11; dividend up 2.1%

## Summary
- Q2 net income $5.3M ($1.11 EPS) vs net loss $4.1M (($1.00) EPS) in Q2 2023; six-month net income $12.3M ($2.59 EPS).
- Net interest income $21.3M, up 18.9% YoY; net interest margin 3.15% vs 3.17% a year ago.
- Provision for credit losses $2.0M, with $1.1M directly from Braavo loans; non-performing assets rose $4.3M to $17.9M.
- Cash dividend increased 2.1% to $0.49 per share, declared June 4, 2024 and paid June 28.
- HVB acquisition completed one year ago; Braavo division sold in Q1 2024 with remaining loans causing charge-offs.

## SEC filing metadata
- accession: 0000739421-24-000080
- form_type: 8-K
- ticker: CZFS
- cik: 0000739421
- company_name: CITIZENS FINANCIAL SERVICES INC
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/739421/000073942124000080/0000739421-24-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/739421/000073942124000080/secondqtrearnings2024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000739421-24-000080
- JSON: https://secwatch.observer/filing/0000739421-24-000080.json
- Plain text: https://secwatch.observer/filing/0000739421-24-000080.txt

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