Citizens Financial Services, Inc. reported a net income of $7.621 million for the first quarter of 2025, an 8.5% increase compared to the same period in 2024, primarily driven by an increase in net interest income.
Net income increased by 8.5% to $7.6 million, primarily due to higher net interest income.
Net interest income before provision for credit losses increased by 9.8% to $23.0 million.
Non-performing assets decreased by $1.13 million since December 31, 2024, totaling $27.482 million.
Total non-interest income decreased by $1.544 million, mainly due to the gain on sale of Braavo assets and BOLI death benefits received in 2024.
The press release contains forward-looking statements based on current expectations, but actual results may differ materially due to various risks and uncertainties.
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