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Citizens Financial Services, Inc. CZFS Bank Owned Life Insurance Income

Bank Owned Life Insurance Income at other companies

Citizens & Northern logo
Citizens & NorthernCZNC
$515K+12.7%
CTB
Community Trust BancorpCTBI
$1.71M+65.6%
Civista Bancshares logo
Civista BancsharesCIVB
$390K+0.8%
Farmers & Merchants Bancorp logo
Farmers & Merchants BancorpFMAO
$655K+168%
Greene County Bancorp logo
Greene County BancorpGCBC
$708K+13.3%
Community Financial System logo
Community Financial SystemCBU

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:BankOwnedLifeInsuranceIncome.

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 bank owned life insurance income?
Citizens Financial Services, Inc. (CZFS) reported bank owned life insurance income of $570K in Q1 2026.
How has Citizens Financial Services, Inc.'s bank owned life insurance income changed year-over-year?
Citizens Financial Services, Inc.'s bank owned life insurance income increased by 64.7% year-over-year, from $346K to $570K.
What is the long-term trend for Citizens Financial Services, Inc.'s bank owned life insurance income?
Over 4 years (2021 to 2025), Citizens Financial Services, Inc.'s bank owned life insurance income has grown at a -5.9% compound annual growth rate (CAGR), from $1.83M to $1.43M.
What does bank owned life insurance income mean?
Income derived from the cash surrender value increases or death benefits of life insurance policies held on the lives of bank employees. This serves as a tax-advantaged noninterest income stream used to offset employee benefit costs.