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Citizens Financial Services, Inc. CZFS Provision for Credit Losses

Provision for Credit Losses at other companies

M&T Bank logo
M&T BankMTB
$120M+14.3%
Fulton Financial logo
Fulton FinancialFULT
$4.9M-43.1%
Citizens & Northern logo
Citizens & NorthernCZNC
-$1.85M-178%
SB Financial Group logo
SB Financial GroupSBFG
$299K-49.9%
Civista Bancshares logo
Civista BancsharesCIVB
$1.25M+6.8%
FRA
Franklin Financial Services CorporationFRAF
$1.64M+158%

Segments

By segment

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Community Banking$500K-33.3%

Other financials

Income statement

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Revenue$29.7M+8.8%
Net income$10.2M+20.4%
EPS (diluted)$2.12+20.5%

Balance sheet

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Cash & equivalents$39.4M-20.3%
Total debt$394.0M+25.8%
Total equity$352.8M+12.5%
Total assets$3.2B+7.6%

Cash flow

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Operating cash flow$18.0M+64.6%
CapEx$287.0K-42.0%
Free cash flow$17.9M+72.7%

Valuation

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Market cap$390.03M+44.7%
Enterprise value$744.63M+39.6%
P/E9.5×+1.0×
P/S3.3×+0.7×

Profitability

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Net margin34.8%+4.7pp
FCF margin37%+8.8pp

Returns & leverage

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Return on equity12.3%+1.8pp
Debt / equity1.1×+0.1×

Where this comes from

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

Tagged under the XBRL concept us-gaap:ProvisionForLoanLeaseAndOtherLosses.

The source filing: Citizens Financial Services, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 6:02 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001140361-26-031479
Line itemCommunity Banking / Three months ended / June 30, 2026Community Banking / Three months ended / June 30, 2025Community Banking / Six months ended / June 30, 2026Community Banking / Six months ended / June 30, 2025
Interest Expense13,81115,10127,97531,113
Segment net interest income and non-interest income29,70827,31359,51153,742
Less:
Provision for credit losses5007501,0001,375
Salaries and employee benefits10,2729,97620,54820,265
Occupancy1,2891,1822,7012,538
Other segment expenses5,3064,98910,2199,772
Income Taxes2,1541,9534,4803,708

Cover / Front Matter

FAQ

What is Citizens Financial Services, Inc.'s provision for credit losses?
Citizens Financial Services, Inc. (CZFS) reported provision for credit losses of $500K in Q2 2026.
How has Citizens Financial Services, Inc.'s provision for credit losses changed year-over-year?
Citizens Financial Services, Inc.'s provision for credit losses decreased by 33.3% year-over-year, from $750K to $500K.
What is the long-term trend for Citizens Financial Services, Inc.'s provision for credit losses?
Over 4 years (2021 to 2025), Citizens Financial Services, Inc.'s provision for credit losses has grown at a 11.3% compound annual growth rate (CAGR), from $1.55M to $2.38M.
What does provision for credit losses mean?
Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

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