Citizens Financial Services Reports Growth in Net Income and Interest Income for Q3 2026

Citizens Financial Services, Inc. (CZFS) has announced its unaudited financial results for the third quarter of 2026, highlighting a significant year-over-year increase in profitability. For the first nine months of 2026, net income reached $32.5 million, representing a 24.5% increase compared to the same period in 2025. This growth was primarily driven by higher net interest income resulting from organic loan and investment growth. Despite the strong earnings performance, the bank reported an increase in non-performing assets, which totaled $51.5 million as of September 30, 2026. This rise is largely attributed to several commercial real estate loans being placed on non-accrual status after becoming more than 90 days past due. The company is managing these assets through credit improvement strategies, collateral sales, or refinancing efforts.

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