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Sep 30, 2023
Citizens Financial Services Q3 2023 Earnings Report
Citizens Financial Services' Q3 2023 financial results were released, showing a net income of $7.548 million and basic earnings per share of $1.61.
Key Takeaways
Citizens Financial Services, Inc. reported a net income of $7.548 million for the three months ended September 30, 2023, compared to $7.544 million for the same period in 2022. Basic earnings per share were $1.61, down from $1.88 in the prior year. The results include the first full quarter of HV Bancorp, Inc. acquisition which contributed to growth in net interest income.
Net income for Q3 2023 was $7.548 million, slightly up from $7.544 million in Q3 2022.
Basic earnings per share decreased to $1.61, compared to $1.88 in the same period last year.
Net interest income before the provision for credit loss increased by 18.9% to $22.404 million.
The acquisition of HV Bancorp, Inc. contributed to significant growth in net interest income.
Forward Guidance
No specific forward guidance was provided in the earnings report.
Historical Earnings Impact
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