Citizens Financial Services (CZFS) Revenue & Revenue Breakdown
Citizens Financial Services Revenue Highlights
Latest Revenue (Y)
$138.56M
Latest Revenue (Q)
$41.06M
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 |
|---|---|---|
| 2024-06-30 | $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 $41.06M in revenue during Q2 2024, up -4.32% compared to the previous quarter, and up 202.74% 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 |
|---|---|---|---|
| Financial Service, Other | $339.00K | $348.00K | $350.00K |
| Brokerage and Insurance | $1.30M | $1.14M | $790.00K |
| Service Charges on Deposit Accounts, Other | $233.00K | $259.00K | $251.00K |
| Service | $4.22M | $4.69M | $4.67M |
| Statement Fees | $207.00K | $206.00K | $206.00K |
| Trust Fees | $803.00K | $750.00K | $705.00K |
| Interchange Revenue | $2.29M | $2.29M | $2.26M |
| Overdraft Fees | $1.17M | $1.54M | $1.55M |
| Automated Teller Machine Income | $323.00K | $392.00K | $400.00K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| 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 |
| Service | $1.11M | $1.11M | $1.11M | $914.00K | $1.08M | $1.19M | $1.17M | $1.10M | $1.21M | $1.18M | $1.17M | - |
| 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 |
| 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 |
| 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 | - | - | - | - | - | - | - | - | - | - | - | $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 | $49.13M |
| CZFS | Citizens Financial Services | $138.56M | $41.06M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
| FBIZ | First Business Financial Services | $89.23M | $50.94M |
| OVLY | Oak Valley Bancorp | $87.34M | $18.76M |
| FFNW | First Financial Northwest | $80.93M | $20.02M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| GSBC | Great Southern Bancorp | $46.29M | $84.15M |
| AFBI | Affinity Bancshares | $45.17M | $12.93M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| MGYR | Magyar Bancorp | $30.42M | $12.74M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
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 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). The company'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). CZFS's quarterly revenue for Q4 2023 was $41.96M, a 60.15% increase from the previous quarter (Q3 2023), and a 94.19% increase year-over-year (Q4 2022).
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 Financial Service, Other, Brokerage and Insurance, Service Charges on Deposit Accounts, Other, Service, Statement Fees, Trust Fees, Interchange Revenue, Overdraft Fees, and Automated Teller Machine Income. 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. 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. Service generated $4.22M in revenue, accounting 38.79% of the company's total revenue, down -9.94% year-over-year. Statement Fees generated $207K in revenue, accounting 1.90% of the company's total revenue, up 0.49% year-over-year. Trust Fees generated $803K in revenue, accounting 7.38% of the company's total revenue, up 7.07% 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. Automated Teller Machine Income generated $323K in revenue, accounting 2.97% of the company's total revenue, down -17.60% 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.