---
schema_version: "secwatch.filing_event.v1"
accession: "0000739421-25-000008"
form_type: "8-K"
ticker: "CZFS"
cik: "0000739421"
company_name: "CITIZENS FINANCIAL SERVICES INC"
filed_at: "2025-01-30T23:59:59+00:00"
generated_at: "2026-05-27T06:07:07.085136+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial Services reports FY 2024 net income $27.8M ($5.86 EPS), up 56% vs 2023; dividend raised 1% to $0.49

## Summary
- Full-year net income $27.8M vs $17.8M in 2023; EPS $5.86 vs $4.02. Q4 net income $7.98M ($1.68 EPS) vs $7.54M ($1.59 EPS) YoY.
- Net interest income rose 7.7% to $86.4M in 2024; tax-effected NIM was 3.13% vs 3.21% in 2023.
- Non-performing assets surged to $28.6M at Dec 31, 2024, up $15.4M from Dec 31, 2023, driven by eight large commercial relationships (six from HVB acquisition).
- Braavo asset sale generated pre-tax gain of $1.1M on $7.2M proceeds; remaining Braavo loans $971K as of Dec 31, 2024.
- Quarterly dividend increased 1% to $0.49 per share, paid Dec 27, 2024.

## SEC filing metadata
- accession: 0000739421-25-000008
- form_type: 8-K
- ticker: CZFS
- cik: 0000739421
- company_name: CITIZENS FINANCIAL SERVICES INC
- filed_at: 2025-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/739421/000073942125000008/0000739421-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/739421/000073942125000008/fourthqtrearnings2024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000739421-25-000008
- JSON: https://secwatch.observer/filing/0000739421-25-000008.json
- Plain text: https://secwatch.observer/filing/0000739421-25-000008.txt

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