Citizens Financial Services Inc. reported net income of $26.1 million for the first nine months of 2025, an increase of $6.3 million or 31.5% compared to the same period in 2024. The company attributed the increase to higher net interest income after a provision for credit losses of $8.9 million. The effective tax rate for the period was 18.9%, up from 17.8% in the comparable period of 2024. Total interest income for the nine months ended September 30, 2025, was $118.0 million, compared to $114.5 million in the same period of 2024. Interest and fees on loans were $107.2 million, up from $106.1 million, while interest-bearing deposits with banks generated $0.4 million, compared to $0.7 million in 2024. Interest income from taxable investment securities increased to $7.3 million from $5.0 million, and nontaxable investment securities income rose to $1.8 million from $1.6 million. Dividend income was $1.3 million, compared to $1.2 million in the previous year. Stockholders' equity as of September 30, 2025, was $3,056.4 million, compared to $3,025.7 million as of September 30, 2024.
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 PR Newswire (Ref. ID: PH10537) on October 30, 2025, and is solely responsible for the information contained therein.
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