Citizens Financial Services Inc., the parent company of First Citizens Community Bank, has reported its unaudited financial results for the second quarter of 2025. The company recorded a net income of $8.463 million for the three months ended June 30, 2025, an increase from $5.275 million in the same period of the previous year. For the first six months of 2025, net income totaled $16.1 million, which is $3.8 million, or 30.8% higher than the $12.3 million reported for the first half of 2024. The rise in net income is primarily attributed to a $5.8 million increase in net interest income after the provision for credit losses. Earnings per share $(EPS)$ for the second quarter of 2025 were $1.76, up from $1.10 in the second quarter of 2024. The effective tax rate for the first half of 2025 was 18.7%, compared to 17.4% in the same period of the previous year. No specific future outlook or guidance was provided in the report.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citizens Financial Services Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000739421-25-000089), on July 30, 2025, and is solely responsible for the information contained therein.
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