Citizens Financial Services (CZFS) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart

Citizens Financial Services Revenue Highlights

Latest Revenue (Y)

$138.56M

Latest Revenue (Q)

$42.36M

Main Segment (Y)

Service

Main Geography (Y)

Service

Citizens Financial Services Revenue by Period

Citizens Financial Services Revenue by Year

Date	Revenue	Change
2023-12-31	$138.56M	69.24%
2022-12-31	$81.87M	4.41%
2021-12-31	$78.42M	6.53%
2020-12-31	$73.61M	26.21%
2019-12-31	$58.33M	6.20%
2018-12-31	$54.92M	7.87%
2017-12-31	$50.91M	11.00%
2016-12-31	$45.86M	19.88%
2015-12-31	$38.26M	1.49%
2014-12-31	$37.69M	1.36%
2013-12-31	$37.19M	-2.81%
2012-12-31	$38.26M	7.36%
2011-12-31	$35.64M	5.85%
2010-12-31	$33.67M	7.81%
2009-12-31	$31.23M	28.33%
2008-12-31	$24.34M	0.62%
2007-12-31	$24.19M	6.96%
2006-12-31	$22.61M	1.01%
2005-12-31	$22.39M	3.34%
2004-12-31	$21.66M	-1.98%
2003-12-31	$22.10M	0.37%
2002-12-31	$22.02M	15.84%
2001-12-31	$19.01M	29.76%
2000-12-31	$14.65M	3.86%
1999-12-31	$14.10M	461.24%
1998-12-31	$2.51M	-5.60%
1997-12-31	$2.66M	66.79%
1996-12-31	$1.60M	12.79%
1995-12-31	$1.42M	1.73%
1994-12-31	$1.39M	0.72%
1993-12-31	$1.38M	-

Citizens Financial Services generated $138.56M in revenue during NA 2023, up 69.24% compared to the previous quarter, and up 252.29% compared to the same period a year ago.

Citizens Financial Services Revenue by Quarter

Date	Revenue	Change
2024-09-30	$42.36M	3.16%
2024-06-30	$41.06M	-4.32%
2024-03-31	$42.92M	2.28%
2023-12-31	$41.96M	60.15%
2023-09-30	$26.20M	29.70%
2023-06-30	$20.20M	-0.26%
2023-03-31	$20.25M	-6.27%
2022-12-31	$21.61M	0.33%
2022-09-30	$21.54M	7.51%
2022-06-30	$20.03M	7.17%
2022-03-31	$18.69M	-3.55%
2021-12-31	$19.38M	-0.31%
2021-09-30	$19.44M	2.77%
2021-06-30	$18.92M	-8.50%
2021-03-31	$20.68M	0.81%
2020-12-31	$20.51M	2.50%
2020-09-30	$20.01M	9.01%
2020-06-30	$18.36M	24.52%
2020-03-31	$14.74M	-1.33%
2019-12-31	$14.94M	-0.91%
2019-10-31	$15.08M	4.96%
2019-06-30	$14.36M	2.98%
2019-03-31	$13.95M	-1.91%
2018-12-31	$14.22M	3.19%
2018-09-30	$13.78M	1.38%
2018-06-30	$13.59M	2.00%
2018-03-31	$13.33M	-5.14%
2017-12-31	$14.05M	12.04%
2017-09-30	$12.54M	2.00%
2017-06-30	$12.29M	2.16%
2017-03-31	$12.03M	0.53%
2016-12-31	$11.97M	2.99%
2016-09-30	$11.62M	4.18%
2016-06-30	$11.15M	0.30%
2016-03-31	$11.12M	12.16%
2015-12-31	$9.91M	4.26%
2015-09-30	$9.51M	-0.06%
2015-06-30	$9.52M	2.16%
2015-03-31	$9.31M	-1.86%
2014-12-31	$9.49M	-0.06%
2014-09-30	$9.50M	0.99%
2014-06-30	$9.40M	1.62%
2014-03-31	$9.26M	-1.31%
2013-12-31	$9.38M	-1.81%
2013-09-30	$9.55M	5.03%
2013-06-30	$9.09M	-0.77%
2013-03-31	$9.16M	-5.85%
2012-12-31	$9.73M	1.81%
2012-08-09	$9.56M	-0.47%
2012-06-30	$9.61M	2.18%
2012-03-31	$9.40M	-1.08%
2011-11-14	$9.50M	6.36%
2011-09-30	$8.94M	2.15%
2011-06-30	$8.75M	3.51%
2011-03-31	$8.45M	-3.33%
2010-11-12	$8.74M	3.36%
2010-08-12	$8.46M	1.50%
2010-05-10	$8.33M	2.41%
2010-03-31	$8.14M	0.82%
2009-11-12	$8.07M	2.92%
2009-09-30	$7.84M	0.47%
2009-06-30	$7.80M	3.89%
2009-03-31	$7.51M	2.47%
2008-12-31	$7.33M	126.37%
2008-09-30	$3.24M	-54.69%
2008-06-30	$7.15M	-

Citizens Financial Services generated $42.36M in revenue during Q3 2024, up 3.16% compared to the previous quarter, and up 209.69% compared to the same period a year ago.

Citizens Financial Services Revenue Breakdown

Citizens Financial Services Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 20	Dec 19	Dec 18
Statement Fees	$207.00K	$206.00K	$206.00K
Interchange Revenue	$2.29M	$2.29M	$2.26M
Overdraft Fees	$1.17M	$1.54M	$1.55M
Financial Service, Other	$339.00K	$348.00K	$350.00K
Brokerage and Insurance	$1.30M	$1.14M	$790.00K
Automated Teller Machine Income	$323.00K	$392.00K	$400.00K
Service	$4.22M	$4.69M	$4.67M
Service Charges on Deposit Accounts, Other	$233.00K	$259.00K	$251.00K
Trust Fees	$803.00K	$750.00K	$705.00K

Citizens Financial Services's latest annual revenue breakdown by segment (product or service), as of Dec 20: Service (38.79%), Interchange Revenue (21.02%), Brokerage and Insurance (11.92%), Overdraft Fees (10.76%), Trust Fees (7.38%), Financial Service, Other (3.12%), Automated Teller Machine Income (2.97%), Service Charges on Deposit Accounts, Other (2.14%), and Statement Fees (1.90%).

Quarterly Revenue by Product

Product/Service	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18
Brokerage and Insurance	$376.00K	$356.00K	$352.00K	$249.00K	$340.00K	$298.00K	$261.00K	$293.00K	$219.00K	$222.00K	$168.00K	$181.00K
Financial Service, Other	$109.00K	$78.00K	$95.00K	$138.00K	$107.00K	$81.00K	$76.00K	$111.00K	$105.00K	$84.00K	$78.00K	$85.00K
Interchange Revenue	$639.00K	$594.00K	$616.00K	$555.00K	$522.00K	$570.00K	$595.00K	$540.00K	$588.00K	$566.00K	$574.00K	$531.00K
Automated Teller Machine Income	$98.00K	$82.00K	$99.00K	$59.00K	$83.00K	$92.00K	$101.00K	$91.00K	$99.00K	$104.00K	$101.00K	$96.00K
Overdraft Fees	$258.00K	$324.00K	$282.00K	$206.00K	$359.00K	$404.00K	$369.00K	$358.00K	$408.00K	$395.00K	$381.00K	$367.00K
Service Charges on Deposit Accounts, Other	$55.00K	$63.00K	$65.00K	$44.00K	$61.00K	$70.00K	$59.00K	$59.00K	$66.00K	$66.00K	$63.00K	$56.00K
Service	$1.11M	$1.11M	$1.11M	$914.00K	$1.08M	$1.19M	$1.17M	$1.10M	$1.21M	$1.18M	$1.17M	-
Statement Fees	$56.00K	$51.00K	$50.00K	$50.00K	$56.00K	$53.00K	$50.00K	$51.00K	$51.00K	$50.00K	$51.00K	$54.00K
Trust Fees	$307.00K	$261.00K	$199.00K	$145.00K	$198.00K	$161.00K	$209.00K	$232.00K	$157.00K	$147.00K	$150.00K	$251.00K
Service Charges on Deposit Accounts	-	-	-	-	-	-	-	-	-	-	-	$1.10M

Citizens Financial Services's latest quarterly revenue breakdown by segment (product or service), as of Mar 21: Service (36.82%), Interchange Revenue (21.27%), Brokerage and Insurance (12.52%), Trust Fees (10.22%), Overdraft Fees (8.59%), Financial Service, Other (3.63%), Automated Teller Machine Income (3.26%), Statement Fees (1.86%), and Service Charges on Deposit Accounts, Other (1.83%).

Citizens Financial Services Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 20	Dec 19	Dec 18
Trust Fees	$803.00K	$750.00K	$705.00K
Statement Fees	$207.00K	$206.00K	$206.00K
Service	$4.22M	$4.69M	$4.67M
Automated Teller Machine Income	$323.00K	$392.00K	$400.00K
Service Charges on Deposit Accounts, Other	$233.00K	$259.00K	$251.00K
Overdraft Fees	$1.17M	$1.54M	$1.55M
Interchange Revenue	$2.29M	$2.29M	$2.26M
Financial Service, Other	$339.00K	$348.00K	$350.00K
Brokerage and Insurance	$1.30M	$1.14M	$790.00K

Citizens Financial Services's latest annual revenue breakdown by geography, as of Dec 20: Service (38.79%), Interchange Revenue (21.02%), Brokerage and Insurance (11.92%), Overdraft Fees (10.76%), Trust Fees (7.38%), Financial Service, Other (3.12%), Automated Teller Machine Income (2.97%), Service Charges on Deposit Accounts, Other (2.14%), and Statement Fees (1.90%).

Quarterly Revenue by Country

Country	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18
Automated Teller Machine Income	$98.00K	$82.00K	$99.00K	$59.00K	$83.00K	$92.00K	$101.00K	$91.00K	$99.00K	$104.00K	$101.00K	$96.00K
Brokerage and Insurance	$376.00K	$356.00K	$352.00K	$249.00K	$340.00K	$298.00K	$261.00K	$293.00K	$219.00K	$222.00K	$168.00K	$181.00K
Financial Service, Other	$109.00K	$78.00K	$95.00K	$138.00K	$107.00K	$81.00K	$76.00K	$111.00K	$105.00K	$84.00K	$78.00K	$85.00K
Interchange Revenue	$639.00K	$594.00K	$616.00K	$555.00K	$522.00K	$570.00K	$595.00K	$540.00K	$588.00K	$566.00K	$574.00K	$531.00K
Overdraft Fees	$258.00K	$324.00K	$282.00K	$206.00K	$359.00K	$404.00K	$369.00K	$358.00K	$408.00K	$395.00K	$381.00K	$367.00K
Service Charges on Deposit Accounts, Other	$55.00K	$63.00K	$65.00K	$44.00K	$61.00K	$70.00K	$59.00K	$59.00K	$66.00K	$66.00K	$63.00K	$56.00K
Service	$1.11M	$1.11M	$1.11M	$914.00K	$1.08M	$1.19M	$1.17M	$1.10M	$1.21M	$1.18M	$1.17M	-
Statement Fees	$56.00K	$51.00K	$50.00K	$50.00K	$56.00K	$53.00K	$50.00K	$51.00K	$51.00K	$50.00K	$51.00K	$54.00K
Trust Fees	$307.00K	$261.00K	$199.00K	$145.00K	$198.00K	$161.00K	$209.00K	$232.00K	$157.00K	$147.00K	$150.00K	$251.00K
Service Charges on Deposit Accounts	-	-	-	-	-	-	-	-	-	-	-	$1.10M

Citizens Financial Services's latest quarterly revenue breakdown by geography, as of Mar 21: Service (36.82%), Interchange Revenue (21.27%), Brokerage and Insurance (12.52%), Trust Fees (10.22%), Overdraft Fees (8.59%), Financial Service, Other (3.63%), Automated Teller Machine Income (3.26%), Statement Fees (1.86%), and Service Charges on Deposit Accounts, Other (1.83%).

Citizens Financial Services Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
HBCP	Home Bancorp	$178.87M	$51.02M
CZFS	Citizens Financial Services	$138.56M	$42.36M
FNWD	Finward Bancorp	$96.53M	$22.47M
FBIZ	First Business Financial Services	$89.23M	$50.94M
OVLY	Oak Valley Bancorp	$87.34M	$19.50M
FFNW	First Financial Northwest	$80.93M	$20.09M
CWBC	Community West Bancshares	$61.39M	$27.26M
GSBC	Great Southern Bancorp	$46.29M	$91.36M
AFBI	Affinity Bancshares	$45.17M	$12.87M
HFBL	Home Federal Bancorp, Inc. of Louisiana	$33.45M	$8.04M
MGYR	Magyar Bancorp	$30.42M	$12.74M

CZFS Revenue FAQ

What is Citizens Financial Services’s yearly revenue?

Citizens Financial Services's yearly revenue for 2023 was $138.56M, representing an increase of 69.24% compared to 2022. The company's yearly revenue for 2022 was $81.87M, representing an increase of 4.41% compared to 2021. CZFS's yearly revenue for 2021 was $78.42M, representing an increase of 6.53% compared to 2020.

What is Citizens Financial Services’s quarterly revenue?

Citizens Financial Services's quarterly revenue for Q3 2024 was $42.36M, a 3.16% increase from the previous quarter (Q2 2024), and a 61.67% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $41.06M, a -4.32% decrease from the previous quarter (Q1 2024), and a 103.27% increase year-over-year (Q2 2023). CZFS's quarterly revenue for Q1 2024 was $42.92M, a 2.28% increase from the previous quarter (Q4 2023), and a 111.89% increase year-over-year (Q1 2023).

What is Citizens Financial Services’s revenue growth rate?

Citizens Financial Services's revenue growth rate for the last 3 years (2021-2023) was 76.69%, and for the last 5 years (2019-2023) was 137.56%.

What are Citizens Financial Services’s revenue streams?

Citizens Financial Services's revenue streams in c 20 are Statement Fees, Interchange Revenue, Overdraft Fees, Financial Service, Other, Brokerage and Insurance, Automated Teller Machine Income, Service, Service Charges on Deposit Accounts, Other, and Trust Fees. Statement Fees generated $207K in revenue, accounting 1.90% of the company's total revenue, up 0.49% year-over-year. Interchange Revenue generated $2.29M in revenue, accounting 21.02% of the company's total revenue, down -0.31% year-over-year. Overdraft Fees generated $1.17M in revenue, accounting 10.76% of the company's total revenue, down -23.76% year-over-year. Financial Service, Other generated $339K in revenue, accounting 3.12% of the company's total revenue, down -2.59% year-over-year. Brokerage and Insurance generated $1.3M in revenue, accounting 11.92% of the company's total revenue, up 13.67% year-over-year. Automated Teller Machine Income generated $323K in revenue, accounting 2.97% of the company's total revenue, down -17.60% year-over-year. Service generated $4.22M in revenue, accounting 38.79% of the company's total revenue, down -9.94% year-over-year. Service Charges on Deposit Accounts, Other generated $233K in revenue, accounting 2.14% of the company's total revenue, down -10.04% year-over-year. Trust Fees generated $803K in revenue, accounting 7.38% of the company's total revenue, up 7.07% year-over-year.

What is Citizens Financial Services’s main source of revenue?

For the fiscal year ending Dec 20, the largest source of revenue of Citizens Financial Services was Service. This segment made a revenue of $4.22M, representing 38.79% of the company's total revenue.