What does net affordable housing tax credit investments mean?

This represents the net carrying value of investments in affordable housing projects held to generate tax credits. It reflects the bank's commitment to community development and its strategy for reducing effective tax rates. This metric is a key indicator of the bank's social impact investment portfolio.

Citizens Financial Services, Inc. CZFS Net Affordable Housing Tax Credit Investments

Net Affordable Housing Tax Credit Investments at other companies

BKBK

$3.04B+12.5%

Great Southern BancorpGSBC

$98.7M-4.1%

Bank of HawaiiBOH

$10.67M+25.3%

Great Southern BancorpGSBC

$92.8M—

Eastern Bankshares, Inc.EBC

-$9.37M-1.6%

BancFirst CorporationBANF

$6.01M-53.6%

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/S3×+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 czfs:NetAffordableHousingTaxCreditInvestments.

The official record: Citizens Financial Services, Inc.’s 10-K, filed March 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Citizens Financial Services, Inc.'s net affordable housing tax credit investments?: Citizens Financial Services, Inc. (CZFS) reported net affordable housing tax credit investments of $7.14M in Q4 2025.
What does net affordable housing tax credit investments mean?: This represents the net carrying value of investments in affordable housing projects held to generate tax credits. It reflects the bank's commitment to community development and its strategy for reducing effective tax rates. This metric is a key indicator of the bank's social impact investment portfolio.