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Citizens Financial Services, Inc. CZFS Allowance for credit losses

Allowance for credit losses at other companies

M&T Bank logo
M&T BankMTB
$2.14B-2.9%
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Fulton FinancialFULT
$367.49M-3.2%
CTB
Community Trust BancorpCTBI
$61.32M+7.7%
Greene County Bancorp logo
Greene County BancorpGCBC
$0
Community Financial System logo
Community Financial SystemCBU
$90.19M+8.9%
Midland States Bancorp logo
Midland States BancorpMSBI
$67.88M-35.5%

Other financials

Income statement

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Revenue$29.8M+12.8%
Net income$10.4M+36.2%
EPS (diluted)$2.16+35.8%

Balance sheet

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Cash & equivalents$33.1M-10.0%
Total debt$198.7M-34.2%
Total equity$343.6M+11.4%
Total assets$3.0B+0.3%

Cash flow

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Operating cash flow$18.0M+64.6%
CapEx$125.0K-78.6%
Free cash flow$17.9M+72.7%

Valuation

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Market cap$341.1M+26.0%
Enterprise value$506.74M-5.4%
P/E8.7×-0.9×
P/S+0.3×

Profitability

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Net margin34%+6.2pp
FCF margin37%+8.8pp

Returns & leverage

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Return on equity12.1%+2.4pp
Debt / equity0.6×-0.4×

Where this comes from

Reported directly by Citizens Financial Services, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OffBalanceSheetCreditLossLiability.

The official record: Citizens Financial Services, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Citizens Financial Services, Inc.'s allowance for credit losses?
Citizens Financial Services, Inc. (CZFS) reported allowance for credit losses of $1.52M in Q1 2026.
How has Citizens Financial Services, Inc.'s allowance for credit losses changed year-over-year?
Citizens Financial Services, Inc.'s allowance for credit losses increased by 99.1% year-over-year, from $763K to $1.52M.
What is the long-term trend for Citizens Financial Services, Inc.'s allowance for credit losses?
Over 5 years (2020 to 2025), Citizens Financial Services, Inc.'s allowance for credit losses has grown at a 17.9% compound annual growth rate (CAGR), from $510K to $1.16M.
What does allowance for credit losses mean?
Reserve held against the loan portfolio for estimated future credit losses under the CECL methodology — a contra-asset reducing net loans.