Citizens Financial Services, Inc. · NASDAQ:CZFS
Citizens Financial Services — Q4 2025 Earnings Presentation
21 slides from Citizens Financial Services's earnings presentation, Jan 29, 2026
Slide 1: Investor Presentation 4th Quarter 2025 Financial Information
19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 4th Quarter 2025 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.
Slide 5: Company Profile
Company Profile Lines of Business Retail Banking Commercial and Agricultural Consumer Fee Businesses Retail Banking with 43 branches and 29 ATMs Mobile & Online Banking C&I Lending SBA and USDA Lending Treasury Management Card & Payment Services Business Banking Home Lending Personal Lending Indirec
Slide 6: Financial Highlights
Financial Highlights (1) Please see appendix for non-GAAP reconciliations MRQ – Highlights - YTD Profitability Balance Sheet Credit 2025Q4 vs. 2025Q3 December 31, 2025 Diluted EPS $2.18 Diluted EPS $7.62 Net Income $10.5M Net Income $36.6 M Core ROATCE 17.01% Core ROATCE(1) 15.94% Net Interest Margi
Slide 7: Experienced Leadership
Experienced Leadership Executive Title Years of Banking 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 high profi
Slide 9: Ranked one of the top 100 best performing community banks
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 Ag lenders nationwide and P
Slide 10: Business & Financial Highlights
Business & Financial Highlights
Slide 11: Key Financial Highlights Top Tier Consolidated
Key Financial Highlights Top Tier Consolidated
Slide 12: Liquidity Position and Sources
Liquidity Position and Sources Note: Bank level regulatory data shown Liquidity Well-Managed to Cover Short-Term Needs Liquidity Sources December 31, 2025 September 30, 2025 $ in Thousands $ in Thousands Cash and Cash Equivalents $37,916 $34,700 FHLB Borrowing Capacity Remaining 636,189 630,634 Brok
Slide 13: Deposit Mix
Deposit Mix Deposit Mix Analysis Note: Bank level regulatory data shown
Slide 14: Loan Portfolio Mix
Loan Portfolio Mix Loan Type Analysis Note: Bank level regulatory data shown
Slide 15: History of Successful Growth
History of Successful Growth Total Asset Growth since 2000 ($000) Note: Dollars in thousands
Slide 16: Consistent & Attractive Returns
Consistent & Attractive Returns Historical Core ROAA (1) & ROATCE (1) (1) Please see appendix for non-GAAP reconciliations
Slide 17: History of Strong Asset Quality
History of Strong Asset Quality Historical NPAs/Assets Trends NCOs/Avg Loans: 0.06% 0.03% 0.00% 0.03% 0.11% 0.03%
Slide 18: Successful Track Record of Prudent Acquisitions
Note: Financial and transaction value shown as of announcement of transaction Successful Track Record of Prudent Acquisitions Transaction: FNB of Fredericksburg MidCoast Community Bancorp, Inc. HV Bancorp, Inc. Total Whole Bank Acquisitions Since January 1, 2015 Geography: Fredericksburg, PA Wilming
Slide 19: Appendix
; APPENDIX r4ECCB
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 3/31/2025 6/30/2025 9/30/2025 12/31/2025 Total common equity $279,666 $299,734 $338,051 $308,296 $313,653 $327,682 $338,051 Total intangible assets
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation ‘Dotars mmausands. xc0p¢ por sare cara For the Twelve Months Ended, Forthe Quarter Yearto Date Net income Bali death benefts ‘After tax provision for credit losses - scauistion day 1 non-PCD ‘After tax gain on sale of Braavo, net of legal fees ‘After tax provisision associets
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