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Income Statement
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Cash Flow Statement

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Op Efficiency
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CITIZENS FINANCIAL SERVICES INC (CZFS)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  74.366.463.554.950.542.135.829.0
        Interest income on investments  8.16.06.06.25.55.56.76.3
       83.473.270.362.056.848.143.035.7
    Interest expense:  
        Interest on deposits  7.35.86.99.26.94.64.24.1
       11.27.18.112.09.65.85.04.8
Net interest income  72.166.162.249.947.242.338.030.8
Provision for loan losses  1.71.62.41.71.92.51.50.5
Net interest income after provision for loan losses  70.564.659.848.345.339.736.430.4
        Deposit and loan fees  5.34.84.24.7    
        Gain on sale of investments, net         0.4
        Other non-interest income  4.47.67.23.77.78.77.97.0
Total non-interest income  9.712.311.48.47.78.77.97.4
Non-interest expenses  44.741.640.833.331.629.328.723.4
Pre-tax income before non-recurring items  35.535.332.523.821.419.215.715.5
Non-recurring items    2.20.5 0.2 1.1
Pre-tax income  35.535.330.423.321.419.115.714.3
Income taxes  6.46.25.33.83.46.03.02.7
            Tax rate  18.1%17.6%17.3%16.4%15.9%31.6%19.4%19.0%
Net income  29.129.125.119.518.013.012.611.6
            Net margin  36.2%37.9%35.3%34.4%34.0%26.9%28.5%30.8%
   
Basic EPS  $7.32$7.31$6.46$5.42$5.04$3.67$3.57$3.60
Diluted EPS  $7.32$7.31$6.46$5.41$5.04$3.67$3.57$3.60
   
Shares outstanding (basic)  4.04.03.93.63.63.63.53.2
Shares outstanding (diluted)  4.04.03.93.63.63.63.53.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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