Citizens Financial Services (NASDAQ:CZFS) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$22.6m (up 48% from 2Q 2023).

• Net income: US$5.28m (up from US$4.14m loss in 2Q 2023).

• Profit margin: 23% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue.

• EPS: US$1.11 (up from US$1.00 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Citizens Financial Services shares are down 2.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Citizens Financial Services' balance sheet health.

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