NASDAQ$CZFS

Citizens Financial Services Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Citizens Financial Services' Q4 2022 earnings increased compared to the same period last year.

Citizens Financial Services, Inc. reported a net income of $7.9 million for the three months ended December 31, 2022, a 13.4% increase compared to the same period in 2021. Basic earnings per share were $1.99, compared to $1.74 for the 2021 comparable period. The increase in net income was primarily driven by an increase in net interest income.

  • Net income for Q4 2022 was $7.9 million, a 13.4% increase compared to Q4 2021.
  • Basic earnings per share for Q4 2022 were $1.99, compared to $1.74 for the 2021 comparable period.
  • Net interest income before provision for loan losses for Q4 2022 totaled $19.3 million, compared to $16.9 million for Q4 2021.
  • Total assets were $2.33 billion as of December 31, 2022, compared to $2.14 billion as of December 31, 2021.

Headline financials

Total Revenue

$21.6M

Previous: $2.03M+966.0%
EPS (adj)

$1.95

Previous: $1.76+10.8%
ROA

1.3%

No prior period
ROE

13.6%

No prior period
Loan to Deposit Ratio

93.5%

No prior period
Net Income

$7.88M

Previous: $6.94M+13.4%
Gross Profit

$21.6M

Previous: $19.4M+11.5%
Cash & Equivalents

$26.2M

Previous: $173M-84.8%
Total Assets

$2.33B

Previous: $2.14B+8.8%
Stock-Based Comp

$336K

Previous: $614K-45.3%

Revenue & EPS history

Citizens Financial Services · Revenue · Quarterly

$21.6M

Q4 2022+966%vs Q4 2021
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-0.0%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+1.4%

Avg return

30 days after

52%

33 / 64 earnings

Positive

+12.7%

Q4 2015

Best reaction

-12.2%

Q1 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.9%-10.6%-3.3%
Q4 2025+3.6%+9.3%-2.9%
Q3 2025+2.5%+3.1%+4.3%
Q1 2025+3.1%+8.2%+7.8%
Q4 2024+1.2%+4.1%-0.0%
Q3 2024-2.5%-0.9%+18.1%
Q2 2024-0.8%-11.7%+5.7%
Q1 2024-9.3%-8.3%-4.8%
Q4 2023-5.6%-10.8%-24.6%
Q3 2023-1.7%+5.0%+27.5%
Q2 2023+1.0%-2.2%-22.7%
Q1 2023+0.4%+3.6%-10.1%
Q4 2022+1.0%+6.6%+7.9%
Q3 2022+2.8%+6.2%+11.8%
Q2 2022+2.9%+2.9%+15.4%
Q1 2022-0.8%+0.0%+8.7%
Q4 2021-0.8%-0.8%+2.4%
Q3 2021+0.0%+0.0%-3.7%
Q2 2021+0.0%-0.4%+0.8%
Q1 2021+2.6%+0.5%+4.3%
Q4 2020+1.3%+0.6%+3.1%
Q3 2020+0.0%+1.9%+4.5%
Q2 2020+0.0%+0.5%-3.4%
Q1 2020+0.3%+0.3%+10.2%
Q4 2019+1.4%-6.4%-9.9%
Q3 2019-0.8%-0.8%+0.8%
Q2 2019-0.4%-0.6%-0.0%
Q1 2019+3.0%-3.5%-5.3%
Q4 2018+0.0%+0.0%+3.8%
Q3 2018-2.0%+0.9%-0.7%
Q2 2018+1.3%+1.4%+0.1%
Q1 2018+0.7%+1.0%-0.3%
Q4 2017+0.2%-0.3%+1.0%
Q3 2017-2.9%-0.8%-0.8%
Q2 2017+0.5%+0.5%+0.9%
Q1 2017+8.2%+0.0%+3.3%
Q4 2016+1.2%+1.2%+1.4%
Q3 2016+8.6%+0.1%+4.9%
Q2 2016-1.5%-2.0%-2.4%
Q1 2016+0.5%
Q4 2015+12.7%
Q3 2015-7.6%
Q2 2015+0.0%
Q1 2015+0.0%
Q4 2014-7.6%
Q3 2014+1.4%
Q2 2014+9.3%
Q1 2014-12.2%
Q1 2013+0.0%
Q4 2013+0.0%
Q3 2013-8.4%
Q2 2013-2.1%
Q4 2012+0.0%
Q3 2012-10.5%
Q2 2012+2.4%
Q1 2012+9.3%
Q1 2011+1.1%
Q4 2011+1.1%
Q4 2009+1.1%
Q4 2010+1.1%
Q3 2010-8.5%
Q3 2011-8.5%
Q2 2011+3.9%
Q2 2010+3.9%

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