---
schema_version: "secwatch.filing_event.v1"
accession: "0000739421-24-000100"
form_type: "8-K"
ticker: "CZFS"
cik: "0000739421"
company_name: "CITIZENS FINANCIAL SERVICES INC"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:41:26.357021+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial Q3 net income flat at $7.5M; NIM shrinks, NPAs surge to $24M

## Summary
- Q3 net income $7.5M ($1.59 EPS) vs $7.5M ($1.59 EPS) in Q3 2023; flat YoY.
- Net interest income fell 4.8% to $21.3M; tax-effected NIM narrowed to 3.09% from 3.29%.
- Non-performing assets jumped to $24.0M from $13.1M at Dec 2023, driven by four commercial loans.
- Nine-month net income doubled to $19.8M from $10.3M due to absence of 2023 merger costs.
- Quarterly dividend raised 1% to $0.49/share, paid Sept 27, 2024.

## SEC filing metadata
- accession: 0000739421-24-000100
- form_type: 8-K
- ticker: CZFS
- cik: 0000739421
- company_name: CITIZENS FINANCIAL SERVICES INC
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/739421/000073942124000100/0000739421-24-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/739421/000073942124000100/thirdqtrearnings2024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000739421-24-000100
- JSON: https://secwatch.observer/filing/0000739421-24-000100.json
- Plain text: https://secwatch.observer/filing/0000739421-24-000100.txt

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