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Citizens Financial Services (CZFS)

Citizens Financial Services, Inc. is the bank holding company for First Citizens Community Bank (“First Citizens”), a Pennsylvania-chartered commercial bank. First Citizens operates 31 full-service branch offices in Pennsylvania, Delaware and New York. For more information about Citizens and First Citizens, visit its website at www.firstcitizensbank.com.

CZFS stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Aug 22
19 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 20.67M 20.67M 20.67M 20.67M 20.67M 20.67M
Cash burn (monthly) 31.15M 7.29M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 52.39M 12.27M n/a n/a n/a n/a
Cash remaining -31.72M 8.4M n/a n/a n/a n/a
Runway (months of cash) -1.0 1.2 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Aug 22 Landy R Joseph COMMON CLASS Gift Dispose G No No 0 20 0 25,763.412
5 Jul 22 Landy R Joseph COMMON CLASS Gift Dispose G No No 0 20 0 25,646.178
24 Jun 22 Chappell Robert W COMMON CLASS Other Acquire J No No 66 99.295 6.55K 10,028.801
24 Jun 22 Graham Roger C JR COMMON CLASS Other Acquire J No No 66 576.504 38.05K 58,226.878
24 Jun 22 Mickey L Jones COMMON CLASS Other Acquire J Yes No 66 8 528 856
24 Jun 22 Mickey L Jones COMMON CLASS Other Acquire J No No 66 127 8.38K 13,018
13F holders Current Prev Q Change
Total holders 0 1 EXIT
Opened positions 0 1 EXIT
Closed positions 1 0 NEW
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 126K EXIT
Total shares 0 2.07K EXIT
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change
Emerald Advisers 0 -2.07K EXIT

Financial report summary

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Management Discussion
  • The Company had net income of $13,641,000 for the first six months of 2022 compared to $15,110,000 for last year’s comparable period, a decrease of $1,469,000, or 9.7%. Basic earnings per share for the first six months of 2022 were $3.43, compared to $3.79 for last year’s comparable period, representing a 9.5% decrease.  Annualized return on assets and return on equity for the six months of 2022 were 1.25% and 12.48%, respectively, compared with 1.54% and 15.19% for last year’s comparable period.
  • Net income for the three months ended June 30, 2022 was $6,901,000 compared to $6,647,000 in the comparable 2021 period, an increase of $254,000 or 3.8%. Basic earnings per share for the three months ended June 30, 2022 were $1.74, compared to $1.67 for last year’s comparable period, representing a 4.1% increase. Annualized return on assets and return on equity for the quarter ended June 30, 2022 was 1.25% and 12.49%, respectively, compared with 1.32% and 13.19% for the same 2021 period.
  • Net interest income, the most significant component of the Company’s earnings, is the amount by which interest income generated from interest-earning assets exceeds interest expense paid on interest-bearing liabilities.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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