Citizens Financial Services, Inc. · NASDAQ:CZFS
Citizens Financial Services — Investor Presentation (April 2025)
37 slides from Citizens Financial Services's investor presentation, Apr 15, 2025
Slide 1: Citizens Financial Services, Inc.
Citizens Financial Services, Inc.
Slide 2: 2024 was a year of… focusing on our 2023 acquisition
2024 was a year of… …Focusing on our 2023 acquisition
Slide 3: 2024 was a year of… taking care of operational initiatives
2024 was a year of… …taking care of operational initiatives Forming a Digital Steering Committee
Slide 4: 2024 was a year of… taking care of operational initiatives
2024 was a year of… …taking care of operational initiatives Forming a Digital Steering Committee Replacing our 29-unit ATM fleet
Slide 5: 2024 was a year of… taking care of operational initiatives
2024 was a year of… …taking care of operational initiatives Forming a Digital Steering Committee Replacing our 29-unit ATM fleet Continuing our fight against fraud
Slide 6: 2024 was a year of… taking care of operational initiatives
2024 was a year of… …taking care of operational initiatives Forming a Digital Steering Committee Replacing our 29-unit ATM fleet Continuing our fight against fraud Opening a Georgetown, DE loan production office
Slide 7: 2024 Financial Performance
4 2024 Financial Performance
Slide 8: Efficiency Ratio History
Efficiency Ratio History Finished in the 74th percentile compared to the CZFS peer group for 2024.
Slide 9: Return on Equity History
Return on Equity History Finished in the 40th percentile compared to the CZFS peer group for 2024 with acquisition costs. Finished in the 53rd percentile compared to the CZFS peer group for 2024 without acquisition costs.
Slide 10: Return on Assets History
Return on Assets History Finished in the 53rd percentile compared to the CZFS peer group for 2024 with acquisition costs. Finished in the 60th percentile compared to the CZFS peer group for 2024 without acquisition costs.
Slide 11: Cash Dividends Paid History
Cash Dividends Paid History 1% stock dividend paid in 2020, 2021, 2022, 2023 and 2024
Slide 12: Liquidity Position & Sources
Liquidity Position & Sources Liquidity Sources December 31, 2024 $ in Thousands Cash and Cash Equivalents $45,827 FHLB Borrowing Capacity Remaining 551,861 Brokered Deposits Capacity 510,550 FRB Borrowing Capacity 33,284 Total $1,141,522 Investments US Gov't & Agency $220,351 MBS & CMO $124,843 Muni
Slide 13: Key Financial Highlights
Key Financial Highlights Balance Sheet 2022 2023 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Total Assets $2,333,393 $2,975,321 $3,025,724 $2,921,103 $2,947,531 $3,026,468 $3,025,724 Total Gross Loans $1,725,724 $2,258,215 $2,322,849 $2,248,005 $2,269,943 $2,344,522 $2,322,849 Total Deposits $1,844,208 $2,
Slide 14: CZFS Common Stock
.4 CZFS Common Stock
Slide 15: CZFS Performance
CZFS Performance 4 Historical Stock Performance Comparison CITIZENS FINANCIAL SERVICES, INC. VS. PEERS 2024Y & 4Q24 2024YSTOCK —_4Q24 STOCK CURRENT Peer Group PERFORMANCE PERFORMANCE P/TBV PA NASDAQ listed Banks 19 21 1306 1297 MD, NY, PA NASDAQ listed Banks $1.0B-$4.0B -13 42 1228 1207 PA Banks $1.
Slide 16: Institutional Ownership
Institutional Ownership 26.3
Slide 17: Shareholder Migration
Shareholder Migration IN Change Se Change Since Some 12917018 1221024 sr.9n04 _omes saves aAVIes AVI AVION AVI AVRO _2AVAOe sae] — saa Sosses — 70885 2137 zovose| 259088 muse maz 2923 Wise] iasea2 ees “gasaz onal? (08007 rozess| 102455 10287 ares a7 798 worm] “opa7e ‘mosses? aot mse) 82 ‘ov oan oat
Slide 18: Stewardship
A Stewardship
Slide 19: Contributions… of time and money
Contributions… …of time and money Housing in Philadelphia
Slide 20: Contributions… of time and money
Contributions… …of time and money Housing in Philadelphia Those devastated by Hurricane Debbie
Slide 21: Contributions… of time and money
Contributions… …of time and money Housing in Philadelphia Those devastated by Hurricane Debbie Help fight cancer
Slide 22: Contributions… of time and money
Contributions… …of time and money Housing in Philadelphia Those devastated by Hurricane Debbie Help fight cancer Assist educational and non-profit organizations
Slide 23: Contributions… of time and money
Contributions… …of time and money Housing in Philadelphia Those devastated by Hurricane Debbie Help fight cancer Assist educational and non-profit organizations Improve food insecurity
Slide 24: 2025 Challenges
A 2025 Challenges
Slide 25: Challenges… Turbulent economy
Challenges… Turbulent economy
Slide 26: Challenges… Regulatory environment
Challenges… Turbulent economy Regulatory environment
Slide 27: Challenges… Inverted yield curve
Challenges… Turbulent economy Regulatory environment Inverted yield curve
Slide 28: Challenges… Impact of tariffs
Challenges… Turbulent economy Regulatory environment Inverted yield curve Impact of tariffs
Slide 29: Challenges… Impacts of deregulation
Challenges… Turbulent economy Regulatory environment Inverted yield curve Impact of tariffs Impacts of deregulation
Slide 30: Challenges… Labor force
Challenges… Turbulent economy Regulatory environment Inverted yield curve Impact of tariffs Impacts of deregulation Labor force
Slide 31: Challenges… Executive orders
Challenges… Turbulent economy Regulatory environment Inverted yield curve Impact of tariffs Impacts of deregulation Labor force Executive orders
Slide 32: Impact To Customers… Lack of farm workers
Impact To Customers… Lack of farm workers
Slide 33: Impact To Customers… Increased cost of food
Impact To Customers… Lack of farm workers Increased cost of food
Slide 34: Impact To Customers… Availability of food
Impact To Customers… Lack of farm workers Increased cost of food Availability of food
Slide 35: Impact To Customers… Daily cost of living challenges
Impact To Customers… Lack of farm workers Increased cost of food Availability of food Daily cost of living challenges
Slide 36: Happy Retirement! Alletta Schadler
Happy Retirement! Alletta Schadler Served 10 years on the CZFS & FCCB Boards. Joined our family through the FNB acquisition. Strong advocate for FCCB. Supplier of beloved Opera fudge at Christmas time.
Slide 37: Happy Retirement! Mick Jones
Happy Retirement! Mick Jones Retires after 21 years of service. Shaped our back office operational areas. Will fully retire in 2025. We continue to serve on the Board of Directors.
Citizens Financial Services — Investor Presentation (April 2025) on 6ix