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Citizens Financial Services GAAP EPS of $1.99 beats by $0.14, revenue of $21.61M beats by $1.31M

Jan. 31, 2023 4:30 AM ETCitizens Financial Services, Inc. (CZFS) StockBy: Meghavi Singh, SA News Editor
  • Citizens Financial Services press release (NASDAQ:CZFS): Q4 GAAP EPS of $1.99 beats by $0.14.
  • Revenue of $21.61M (+11.5% Y/Y) beats by $1.31M.
  • The effective tax rate for the three months ended December 31, 2022 was 18.8% compared to 18.3% in the comparable period in 2021 due to certain merger expenses not being tax deductible.
  • The provision for loan losses for the three months ended December 31, 2022 was $258K compared to no provision for loan losses for the comparable period in 2021.

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