Citizens Financial Services, Inc. Financial Ratios — CZFS

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	17.09	16.63	14.74	13.9	10.56	10.4	10.33	13.45	13.26	14.38	14.32	14.08	7.42	9.6	11.47
Return on Assets (%)	1.52	1.61	1.49	1.45	1.11	1.06	1.01	1.29	1.35	1.5	1.44	1.3	0.67	0.93	1.2
Return on Capital (%)	9.87	10.49	9.08	8.88	7.66	6.94	5.83	7.61	8.29	9.6	10.22	7.81	3.49	4.86	6.03
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	46.28	48.3	45.87	44.95	37.5	34.17	37.43	39.03	39.97	41.25	45.04	43.35	23.49	33.63	40.27
Profit Margin (%)	36.12	37.02	35.82	35.51	30.39	27.56	25.58	32.84	33.42	34.1	37.13	35.49	19.39	27.61	32.55
Net Income to Common Margin (%)	36.12	37.02	35.82	35.51	30.39	27.56	25.58	32.84	33.42	34.1	37.13	35.49	19.39	27.61	32.55
Effective Tax Rate (%)	21.96	23.35	21.91	21	18.97	19.36	31.65	15.87	16.39	17.33	17.55	18.13	17.45	17.9	19.16
Dvd Payout Ratio (%)	24.53	32.37	26.6	45.73	44.31	40.2	39.75	33.91	32.4	26.05	25.36	26.11	47.74	33.44	26.11
Sustainable Growth Rate (%)	12.9	11.25	10.82	7.54	5.88	6.22	6.22	8.89	8.96	10.64	10.69	10.41	3.88	6.39	8.47

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	54	46	67	42	42	80	115	91	85	89	74	257	284	280	294
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13	8	- -
LT Debt	54	46	67	42	42	80	115	91	85	89	74	257	271	273	294
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.27	10.14	10.06	10.87	10.3	10.08	9.47	9.73	10.56	10.27	9.91	8.58	9.4	9.91	11.03
Long-Term Debt/Equity (%)	66.14	51.55	72.71	41.58	34.76	64.63	88.88	65.5	54.99	45.73	34.81	128.54	97.05	91.02	86.95
Long-Term Debt/Capital (%)	39.81	34.02	42.1	29.37	25.8	39.26	47.06	39.58	35.48	31.38	25.82	56.24	48.15	47.03	46.51
Long-Term Debt/Total Assets (%)	6.13	5.23	7.32	4.52	3.58	6.51	8.42	6.37	5.8	4.7	3.45	11.03	9.12	9.02	9.59
Total Debt/Equity (%)	66.14	51.55	72.71	41.58	34.76	64.63	88.88	65.5	54.99	45.73	34.81	128.54	101.55	93.54	86.95
Total Debt/Capital (%)	39.81	34.02	42.1	29.37	25.8	39.26	47.06	39.58	35.48	31.38	25.82	56.24	50.38	48.33	46.51
Total Debt/Total Assets (%)	6.13	5.23	7.32	4.52	3.58	6.51	8.42	6.37	5.8	4.7	3.45	11.03	9.54	9.27	9.59
Net Debt to Equity	28.78	22.12	59.06	24.29	7.98	44.58	66.56	42.3	33.82	3.28	-51.71	112.42	81.21	78.19	75.68
Net Debt/Capital (%)	22.35	18.11	37.13	19.54	7.39	30.83	39.96	29.73	25.27	3.18	-107.09	52.92	44.81	43.88	43.08
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.27	10.14	10.06	10.87	10.3	10.08	9.47	9.73	10.56	10.27	9.91	8.58	9.4	9.91	11.03
Long-Term Debt/Equity (%)	66.14	51.55	72.71	41.58	34.76	64.63	88.88	65.5	54.99	45.73	34.81	128.54	97.05	91.02	86.95
Long-Term Debt/Capital (%)	39.81	34.02	42.1	29.37	25.8	39.26	47.06	39.58	35.48	31.38	25.82	56.24	48.15	47.03	46.51
Long-Term Debt/Total Assets (%)	6.13	5.23	7.32	4.52	3.58	6.51	8.42	6.37	5.8	4.7	3.45	11.03	9.12	9.02	9.59
Total Debt/Equity (%)	66.14	51.55	72.71	41.58	34.76	64.63	88.88	65.5	54.99	45.73	34.81	128.54	101.55	93.54	86.95
Total Debt/Capital (%)	39.81	34.02	42.1	29.37	25.8	39.26	47.06	39.58	35.48	31.38	25.82	56.24	50.38	48.33	46.51
Total Debt/Total Assets (%)	6.13	5.23	7.32	4.52	3.58	6.51	8.42	6.37	5.8	4.7	3.45	11.03	9.54	9.27	9.59
CFO/Total Liabilities	1.95	1.87	2.17	1.96	1.23	1.47	1.28	1.66	1.66	0.7	2	1.56	0.98	1.22	1.34
CFO/CapEx	22.82	33.82	54.32	12.36	16.51	27.59	75.67	42.97	45.07	12.55	35.02	20.34	10.14	25.25	28.19
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	10.04	10.33	9.9	10.23	9.74	11.05	12.29	12.7	12.95	13.95	13.96	13.03	10	9.44	10.7
Days Sales Outstanding	36.35	35.35	36.87	35.69	37.47	33.03	29.7	28.74	28.18	26.16	26.14	28.01	36.5	38.67	34.12
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	100	125	163	163	163	176	220	195	217	220	239	305	305	301	274
- Cash & Cash Equivalents	30	26	13	17	32	25	29	32	33	82	184	32	57	46	38
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	54	46	67	42	42	80	115	91	85	89	74	257	284	280	294
Enterprise Value	-195	-166	-100	-119	-187	-83	51	13	28	-69	-283	90	114	110	494
Total Capital	135	136	159	142	161	203	244	230	240	283	286	457	564	580	632
Total Debt/Capital (%)	39.81	34.02	42.1	29.37	25.8	39.26	47.06	39.58	35.48	31.38	25.82	56.24	50.38	48.33	46.51
Total Debt / EV	-0.28	-0.28	-0.67	-0.35	-0.22	-0.96	2.26	7.26	2.99	-1.28	-0.26	2.85	2.49	2.55	0.6
EV/Sales	- -	- -	- -	- -	- -	- -	1	0.23	0.49	- -	- -	1.1	1.24	1.09	4.4
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	3.22	0.58	1.31	- -	- -	2.71	4.3	3.31	13.52
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	3.27	0.6	1.34	- -	- -	2.85	4.77	3.44	14.02
Diluted Market Cap	100	125	163	163	149	177	219	195	217	213	239	305	284	301	274
Diluted Enterprise Value	-195	-165	-100	-119	-202	-82	51	13	28	-76	-283	90	93	109	493
EV per Share	- -	- -	- -	- -	- -	- -	13.44	3.35	7.6	- -	- -	22.04	23.77	22.84	102.74
TTM Sales	36	38	37	38	38	46	51	55	58	74	78	82	92	101	112
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	16	15	18	16	13	16	16	21	22	12	39	33	27	33	37
TTM Free Cash Flow to Firm	15	14	17	15	12	16	16	21	21	11	38	32	24	32	35

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	6.75	8.72	9.34	10.97	12.35	11.35	14.13	9.28	10.18	19.6	6.37	9.64	11.86	9.45	7.77
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-195	-166	-100	-119	-187	-83	51	13	28	-69	-283	90	114	110	494
Low Price	26.63	27.44	34.53	42.33	39.62	40.93	44.55	51.78	51.81	33.91	51.85	57.71	42.25	38.14	49.96
EV/Sales	- -	- -	- -	- -	- -	- -	1	0.23	0.49	- -	- -	1.1	1.24	1.09	4.4
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	7.83	8.81	12.21	12.18	12.78	14.02	16.84	10.8	11.11	8.49	8.22	10.48	15.92	10.81	7.48
Price/Earnings Average	8.22	8.24	10.68	11.96	12.78	12.93	14.58	12.03	10.72	7.69	8.1	9.49	17.04	8.96	7.67
Price/Earnings High	10.11	9.53	12.21	13.26	14.01	14.15	17.37	12.93	11.5	10.51	8.81	12.02	22.64	12.88	8.67
Price/Earnings Low	7.43	6.85	9.06	11.03	11.86	12.31	12.89	10.79	9.94	5.4	7.31	8.12	10.6	6.58	6.55
Price/Book Value	1.23	1.39	1.77	1.62	1.36	1.43	1.7	1.4	1.4	1.13	1.13	1.52	1.09	1.01	0.81
Price/Book Value Average	1.29	1.3	1.55	1.59	1.36	1.32	1.47	1.56	1.35	1.02	1.11	1.38	1.17	0.83	0.83
Price/Book Value High	1.59	1.51	1.77	1.77	1.5	1.44	1.76	1.67	1.45	1.4	1.21	1.75	1.55	1.2	0.94
Price/Book Value Low	1.17	1.08	1.31	1.47	1.27	1.25	1.3	1.4	1.25	0.72	1	1.18	0.73	0.61	0.71
Price/Tangible Book Value	1.41	1.57	1.99	1.82	1.7	1.76	2.12	1.7	1.67	1.36	1.33	1.82	1.6	1.43	1.1
Price/Tangible Book Value Average	1.48	1.47	1.74	1.78	1.7	1.62	1.83	1.9	1.61	1.23	1.31	1.65	1.71	1.18	1.12
Price/Tangible Book Value High	1.82	1.7	1.99	1.98	1.86	1.77	2.18	2.04	1.72	1.69	1.43	2.09	2.28	1.7	1.27
Price/Tangible Book Value Low	1.33	1.22	1.48	1.65	1.58	1.54	1.62	1.7	1.49	0.87	1.19	1.41	1.07	0.87	0.96
Price/Sales	2.83	3.26	4.37	4.32	3.88	3.86	4.31	3.55	3.71	2.9	3.05	3.72	3.09	2.98	2.43
Price/Sales Average	2.97	3.05	3.83	4.25	3.88	3.56	3.73	3.95	3.58	2.62	3.01	3.37	3.3	2.47	2.5
Price/Sales High	3.65	3.53	4.37	4.71	4.26	3.9	4.44	4.24	3.84	3.58	3.27	4.27	4.39	3.55	2.82
Price/Sales Low	2.68	2.53	3.24	3.92	3.61	3.39	3.3	3.54	3.32	1.84	2.71	2.88	2.06	1.82	2.13
Price/Cash Flow	6.45	8.45	9.17	10.08	11.59	10.94	13.94	9.06	9.95	18.03	6.19	9.16	10.69	9.06	7.49
Price/Cash Flow Average	6.78	7.9	8.02	9.9	11.6	10.09	12.07	10.1	9.6	16.34	6.09	8.3	11.44	7.51	7.67
Price/Cash Flow High	8.33	9.14	9.17	10.97	12.72	11.04	14.38	10.85	10.3	22.31	6.63	10.51	15.19	10.79	8.67
Price/Cash Flow Low	6.13	6.57	6.8	9.13	10.77	9.6	10.67	9.06	8.9	11.47	5.5	7.1	7.12	5.52	6.56
Price/Free Cash Flow Average	7.09	8.15	8.17	10.77	12.35	10.47	12.24	10.34	9.82	17.76	6.27	8.73	12.69	7.83	7.96
Price/Free Cash Flow High	8.72	9.43	9.34	11.94	13.54	11.46	14.58	11.11	10.54	24.25	6.82	11.05	16.86	11.25	9
Price/Free Cash Flow Low	6.41	6.77	6.93	9.94	11.47	9.97	10.82	9.28	9.1	12.47	5.66	7.47	7.9	5.75	6.81
EV/Sales Average	- -	- -	- -	- -	- -	- -	0.42	0.63	0.36	- -	- -	0.75	1.47	0.58	4.46
EV/Sales High	- -	- -	- -	- -	- -	- -	1.13	0.93	0.62	- -	- -	1.65	2.64	1.66	4.78
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	0.23	0.09	- -	- -	0.26	0.13	- -	4.09
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	28.05	35.31	46.56	46.72	42.67	46.61	58.18	51.81	57.94	53.28	58.32	74.46	63.44	62.68	57.02
High Price	36.22	38.18	46.56	50.86	46.81	47.05	60.03	62.03	59.96	65.93	62.46	85.41	90.19	74.65	66.06
Enterprise Value Average	-190	-174	-121	-122	-187	-97	21	35	21	-90	-287	61	135	58	501
Enterprise Value High	-166	-156	-100	-104	-171	-81	58	51	36	-17	-266	135	243	167	537
Enterprise Value Low	-200	-194	-142	-134	-198	-105	-1	12	6	-149	-309	22	12	-8	460

Shares Outstanding	4	4	3	3	4	4	4	4	4	4	4	4	5	5	5
Diluted Weighted Avg Shares	4	4	4	3	3	4	4	4	4	4	4	4	4	5	5
Basic Weighted Avg Shares	4	4	4	3	3	4	4	4	4	4	4	4	4	5	5
Revenue per Share	9.92	10.83	10.64	10.8	10.99	12.07	13.5	14.61	15.61	18.4	19.1	20.02	20.55	21	23.42
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	3.58	4.01	3.81	3.84	3.34	3.33	3.46	4.8	5.21	6.28	7.09	7.11	3.98	5.8	7.62
Basic EPS from Cont Ops	3.58	4.01	3.81	3.84	3.34	3.33	3.46	4.8	5.21	6.28	7.09	7.11	3.98	5.8	7.62
Diluted EPS, GAAP	3.58	4.01	3.81	3.83	3.34	3.32	3.45	4.8	5.21	6.27	7.09	7.11	3.98	5.79	7.62
Diluted EPS from Cont Ops	3.58	4.01	3.81	3.83	3.34	3.32	3.45	4.8	5.21	6.27	7.09	7.11	3.98	5.79	7.62
Dividend per Share	0.88	1.3	1.01	1.75	1.48	1.34	1.37	1.63	1.69	1.63	1.8	1.86	1.9	1.94	1.99
Cash Flow per Share	4.35	4.18	5.08	4.64	3.68	4.26	4.18	5.72	5.82	2.96	9.42	8.13	5.94	6.92	7.62
Free Cash Flow per Basic Share	4.16	4.05	4.98	4.26	3.46	4.11	4.12	5.58	5.69	2.72	9.16	7.73	5.35	6.64	7.35
Cash & Equivalents per Share	97.82	95.36	94.33	92.71	102.28	89.74	75.11	72.74	73.09	91.62	145.27	115.3	98.82	98.17	15.43
Book Value per Share	22.82	25.35	26.32	28.81	31.26	32.66	34.17	37.05	41.36	47.13	51.77	48.92	58.24	62.35	70.32
Tangible Book Value per Share	19.95	22.44	23.39	25.73	25.12	26.52	27.48	30.42	34.78	39.11	43.73	40.94	39.62	43.91	52.02

Citizens Financial Services, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)