Citizens Financial Services, Inc. reported third‑quarter 2025 results that beat earnings expectations, with net income of $10.01 million and basic earnings per share of $2.09, up 32% and 33% respectively from the same period last year. Revenue for the quarter was $44.1 million, slightly below the consensus estimate of $44.3 million, reflecting a modest shortfall in the company’s retail banking segment.
Net interest income after the allowance for credit losses was $24.64 million, a 14% increase from $21.52 million in the prior year. Net interest income before the provision for credit losses rose to $25.14 million, up 17.9% year‑over‑year, indicating stronger interest‑rate margins and loan growth.
Non‑interest income totaled $630 million, an 18% year‑over‑year increase driven by gains on loans sold and higher brokerage and insurance income. This figure represents a significant portion of the company’s total income and underscores the diversification of its revenue streams.
Total loans stood at $2.34 billion, up $22 million from $2.31 billion, while deposits increased to $2.41 billion, up $29 million from $2.38 billion. The allowance for credit losses on loans was $22.45 million, representing 0.96% of total loans, a slight rise from 0.93% a year earlier.
The company declared a quarterly cash dividend of $0.50 per share, a 3.1% increase over the $0.485 dividend paid in the same period last year, reinforcing its commitment to returning value to shareholders.
Management highlighted strong demand for commercial real‑estate loans, disciplined cost management, and a strategic focus on expanding its wealth‑management services as key drivers of the earnings improvement. No forward guidance was provided in the release.
The company did not disclose a segment‑level breakdown of its results, and it did not provide a comparison to the prior quarter. However, the year‑over‑year growth in net income, EPS, and key balance‑sheet metrics indicates continued profitability and a solid dividend policy.
The results demonstrate that Citizens Financial Services maintains a robust balance sheet and a disciplined approach to capital allocation, supporting its long‑term growth strategy.
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