Citizens Financial Services (CZFS) investor relations material

Executive summary

• Achieved total assets of $3.03B, gross loans of $2.30B, and deposits of $2.44B as of March 31, 2026.

• Net income for Q1 2026 was $10.4 million, up 36.2% year-over-year, driven by higher net interest income and lower effective tax rate.

• Diluted EPS for Q1 2026 was $2.16, with net income of $10.4M and core ROAA of 1.34%.

• Return on average equity increased to 12.03% and return on average assets to 1.34% for Q1 2026.

• Recognized as a top-performing community bank, with multiple industry awards and certifications.

Financial highlights

• Net interest margin increased to 3.72% in Q1 2026 from 3.69% in Q4 2025 and 3.30% a year ago.

• Net interest income before provision for credit losses was $26.1 million, up 13.5% year-over-year.

• Total non-interest income rose by $263,000 to $3.69 million, mainly from higher bank-owned life insurance earnings.

• Non-interest expenses increased 1.4% to $16.6 million.

• Efficiency ratio improved to 54.98% from 54.03% sequentially.

Outlook and guidance

• Management emphasizes a long-term focus on shareholder returns and disciplined acquisitions.

• Forward-looking statements highlight potential risks from interest rates, economic shifts, and regulatory changes.