Citizens Financial Services, Inc. · NASDAQ:CZFS
Citizens Financial Services — Q1 2026 Earnings Presentation
21 slides from Citizens Financial Services's earnings presentation, 2026
Slide 1: Investor Presentation 1st Quarter 2026 Financial Information
INVESTOR PRESENTATION 1ST QUARTER 2026 FINANCIAL INFORMATION
Slide 2: Legal Disclosures: Forward-Looking Statements (p. 1 of 2)
Legal Disclosures Forward-Looking Statements (p. 1 of 2) We have made forward-looking statements in this document, and in documents that we incorporate by reference, that are subject to risks and uncertainties. Forward-looking statements include information concerning possible or assumed future resu
Slide 3: Legal Disclosures: Forward-Looking Statements (p. 2 of 2)
Legal Disclosures Forward-Looking Statements (p. 2 of 2) •The agricultural economy is subject to extreme swings in both the costs of resources and the prices received from the sale of products as a result of weather, government regulations, international trade agreements and consumer tastes, which c
Slide 4: About Citizens Financial Services, Inc.
ABOUT CITIZENS FINANCIAL SERVICES, INC. 4
Slide 5: Company Profile
Company Profile Financial Highlights Company Overview Headquarters Mansfield, PA Assets: $3.03B Founded 1872 Chartered 1932 Gross Loans: $2.30B Ticker NASDAQCM: CZFS (1) Market Cap $313.2 (2) Branches 43 Deposits: $2.44B (2) Employees 371 FT – 37 PT Institutional Ownership 29.22% YTD Return on Avera
Slide 6: Financial Highlights
Financial Highlights March 31, 2026 2026Q1 vs. 2025Q4 MRQ – Highlights - YTD Profitability Balance Sheet Credit Diluted Diluted Net Interest Margin Total Assets NPAs / Assets Ratio EPS EPS 3.72% $3.0B 1.33% $2.16 $2.16 vs. 3.69% (1.2%) Growth – vs. 0.95% Excluding student loan activity 0.99% growth
Slide 7: Experienced Leadership
Experienced Leadership Years of Banking Executive Title Experience Joined FCCB Randall E. Black Vice Chairman, President & CEO 32 1993 Stephen J. Guillaume Executive VP & CFO 16 2009 David Z. Richards Jr. Sr Executive VP & Board Director 48 2017 Jeffrey L. Wilson Sr Executive VP & Chief Credit Offic
Slide 8: Investment Highlights
Investment Highlights Long history of creating shareholder value and operating successfully Tenured management with strong track record of operating high value companies Experienced, disciplined and prudent acquirer Strong geographic diversification presents opportunities Steady record of
Slide 9: A Recognized High Performer
A Recognized High Performer Citizens Financial Services, Inc. has continually been ranked one of the top 100 best performing community banks in the nation. This ranking is based on a 3-year ROAE. Our 2012 performance ranked us as number ONE in the nation. We also continue to be ranked in the top 100
Slide 10: Business & Financial Highlights
BUSINESS & FINANCIAL HIGHLIGHTS 10
Slide 11: Key Financial Highlights
Key Financial Highlights Top Tier Consolidated In $000s except for per share data 2022Y 2023Y 2024Y 2025Y MRQ 3/31/26 Balance Sheet Total Assets $2,333,393 $2,975,321 $3,025,724 $3,064,564 $3,026,478 Total Loans $1,725,724 $2,258,215 $2,322,849 $2,360,015 $2,304,096 Total Deposits $1,844,208 $2,321,
Slide 12: Liquidity Position and Sources
Liquidity Position and Sources Liquidity Well-Managed to Cover Short-Term Needs March 31, 2026 December 31, 2025 Liquidity Sources $ in Thousands $ in Thousands Cash and Cash Equivalents $36,730 $37,916 FHLB Borrowing Capacity Remaining 804,075 636,189 Brokered Deposits Capacity 492,204 590,629 FRB
Slide 13: Deposit Mix
Deposit Mix Deposit Mix Analysis Deposits by Category ($M's) $2,500 $475 $570 $419 $522 $2,000 $128 $73 $63 $96 $278 $396 $412 $383 $388 $71 $1,500 $402 $1,000 $1,381 $1,439 $1,413 $1,395 $500 $1,108 $0 12/31/2022 12/31/2023 12/31/2024 12/31/2025 3/31/2026 MMDA & Savings Non Interest Bearing Now, AT
Slide 14: Loan Portfolio Mix
Loan Portfolio Mix Loan Type Analysis Loans Outstanding ($M's) $2,500 $177 $114 $120 $189 $2,000 $357 $394 $393 $372 $94 $83 $147 $196 $164 $241 $256 $1,500 $136 $141 $357 $81 $549 $547 $535 $94 $1,000 $569 $354 $128 $138 $137 $133 $59 $500 $746 $780 $769 $786 $634 $0 12/31/2022 12/31/2023 12/31/202
Slide 15: History of Successful Growth
History of Successful Growth Total Asset Growth since 2000 ($000) 3,500,000 Date Transaction $3,026,478 10/27/2000 Acquired 6 Sovereign Bancorp, Inc. Branches 3,000,000 12/31/2003 $7.5M Debt Capital Raise 6/4/2004 Acquired 2 Legacy Bank Branches 12/17/2005 Acquired 1 Fulton Savings Bank Branch 11/21
Slide 16: Consistent & Attractive Returns
Consistent & Attractive Returns Historical Core ROAA (1) & ROATCE (1) 1.59% 1.75% 20.00% 1.37% 1.40% 1.34% 1.50% 1.29% 1.29% 1.21% 1.09% 1.25% 1.05% 18.62% 0.96% 1.00% 16.44% 16.65% 16.31% 0.75% 16.24% 16.25% 16.15% 15.94% 15.00% 0.50% 14.19% 0.25% 12.85% Core ROATCE (%) Core ROAA (%) 0.00% -0.25% 1
Slide 17: History of Strong Asset Quality
History of Strong Asset Quality Historical NPAs/Assets Trends NCOs/Avg Loans: 0.03% 0.00% 0.03% 0.11% 0.03% 0.01% Annualized 1.33% 1.33% 0.95% 0.95% 0.95% 0.95% 0.73% 0.51% 0.41% 0.43% 0.43% 0.32% 2021 2022 2023 2024 2025 Q1 2026 NPAs/Assets NPAs/Assets (excl. modifications to borrowers experiencing
Slide 18: Successful Track Record of Prudent Acquisitions
Successful Track Record of Prudent Acquisitions CZFS Acquisitions since January 1, 2015 Transaction: Total Whole Bank FNB of MidCoast Community Acquisitions Since Fredericksburg Bancorp, Inc. HV Bancorp, Inc. January 1, 2015 Fredericksburg, Wilmington, Doylestown, Geography: -- PA DE PA Date Closed:
Slide 19: Appendix
APPENDIX FIRST CITIZENS COMMUNITY BANK
Slide 20: Non-GAAP Reconciliation – Tangible Book Value
Non-GAAP Reconciliation – Tangible Book Value For the Twelve Months Ended, For the Quarter Ended, Dollars in thousands 12/31/2023 12/31/2024 12/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 Total common equity $279,666 $299,734 $338,051 $313,653 $327,682 $338,051 $343,578 Total intangible assets
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation For the Year to Dollars in thousands, except per share data For the Twelve Months Ended, Quarter Date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 3/31/2026 3/31/2026 Net income $18,034 $19,490 $25,103 $29,118 $29,060 $17,811 $27,818
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