# EDGAR Filing Document

**Accession Number:** 0000739421
**File Stem:** 0000739421-26-000021
**Filing Date:** 2026-4
**Character Count:** 17904
**Document Hash:** cdb95f3eb7a574f7812a225332746608
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000739421-26-000021.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0000739421-26-000021

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 67

**CONFORMED PERIOD OF REPORT**: 20260421

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260421

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CITIZENS FINANCIAL SERVICES INC
- **CENTRAL INDEX KEY:** 0000739421
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 232265045
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41410
- **FILM NUMBER:** 26876719

**BUSINESS ADDRESS:**
- **STREET 1:** 15 S MAIN ST
- **CITY:** MANSFIELD
- **STATE:** PA
- **ZIP:** 16933
- **BUSINESS PHONE:** 570-662-0444

**MAIL ADDRESS:**
- **STREET 1:** 15 S MAIN ST
- **CITY:** MANSFIELD
- **STATE:** PA
- **ZIP:** 16933

?xml version='1.0' encoding='ASCII'?

------

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

#### Date of Report (Date of earliest event reported): April 21, 2026

## CITIZENS FINANCIAL SERVICES INC
(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Pennsylvania**<br>| **001-41410**<br>| **23-2265045**<br>|
| (State or other jurisdiction <br> of incorporation) | (Commission <br> File Number) | (IRS Employer <br> Identification No.) |

---

---

| | |
|:---|:---|
| **15 S MAIN ST<br> MANSFIELD, Pennsylvania**  | **16933<br>**  |
| (Address of principal executive offices) | (Zip code) |

---

Registrant's telephone number, including area code (570) 662-0444

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

<u>Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:</u>

---

| | | |
|:---|:---|:---|
| <u>Title of each class</u> | <u>Trading Symbol(s)</u> | <u>Name of each exchange on which registered</u> |
| Common Stock, Par Value $1.00 Per Share | CZFS | NASDAQ Capital Market |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

#### Item 7.01. Regulation FD Disclosure.
Citizens Financial Services, Inc. will conduct a presentation on Tuesday, April 21, 2026 at the 2026 Annual Meeting of Shareholders. A copy of the presentation is furnished hereto as Exhibit 99.1 and is hereby incorporated by reference herein.

The information contained in this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

**Item 9.01. Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Exhibits</u> 

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| [99.1](investordeck26.htm) | [Investor Presentation dated April 21, 2026](investordeck26.htm) |
| 104 | Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL) |

---

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **CITIZENS FINANCIAL SERVICES, INC.** | **CITIZENS FINANCIAL SERVICES, INC.** |
| April 21, 2026 | By: | /s/ Stephen J. Guillaume |
|  |  | Stephen J. Guillaume<br> Chief Financial Officer |

---

## Exhibit 99.1

![](investordeck26slide1.jpg)

Citizens Financial Services, Inc.

------

![](investordeck26slide2.jpg)

Our Two Goals for 2025 To leverage our new markets and new teams to create additional wealth, and

------

![](investordeck26slide3.jpg)

Our Two Goals for 2025 To leverage our new markets and new teams to create additional wealth, and To organically improve capital levels that were impacted by the 2023 acquisition.

------

![](investordeck26slide4.jpg)

Results of our Actions Experienced an All-Time Record High in Earnings

------

![](investordeck26slide5.jpg)

Results of our Actions How did we achieve such outstanding earnings? Diligent net interest margin management,

------

![](investordeck26slide6.jpg)

Results of our Actions How did we achieve such outstanding earnings? Diligent net interest margin management, Customer relationship growth,

------

![](investordeck26slide7.jpg)

Results of our Actions How did we achieve such outstanding earnings? Diligent net interest margin management, Customer relationship growth, Expansion of fee-based services,

------

![](investordeck26slide8.jpg)

Results of our Actions How did we achieve such outstanding earnings? Diligent net interest margin management, Customer relationship growth, Expansion of fee-based services, Effective risk management, and

------

![](investordeck26slide9.jpg)

Results of our Actions How did we achieve such outstanding earnings? Diligent net interest margin management, Customer relationship growth, Expansion of fee-based services, Effective risk management, and Cost control and efficiencies.

------

![](investordeck26slide10.jpg)

2025 Financial Performance

------

![](investordeck26slide11.jpg)

Efficiency Ratio History Finished in the 86th percentile compared to the CZFS peer group for 2025.

------

![](investordeck26slide12.jpg)

Return on Equity History Finished in the 40th percentile compared to the CZFS peer group for 2025.

------

![](investordeck26slide13.jpg)

Return on Assets History Finished in the 87th percentile compared to the CZFS peer group for 2025.

------

![](investordeck26slide14.jpg)

Cash Dividends Paid History 1% stock dividend paid in 2021, 2022, 2023, 2024 and 2025

------

![](investordeck26slide15.jpg)

Liquidity Position & Sources Liquidity Sources December 31, 2025 $ in Thousands Cash and Cash Equivalents $37,916 FHLB Borrowing Capacity Remaining 636,189 Brokered Deposits Capacity 590,629 FRB Borrowing Capacity 29,546 Total $1,294,280 Investments&nbsp;&nbsp;&nbsp;&nbsp; US Gov't & Agency $181,297 MBS & CMO $149,310 Municipals $120,608 Corporates $11,304 Less: Pledged Securities -364,216 Net Unpledged Securities $98,303 Total Liquidity Sources $1,392,583

------

![](investordeck26slide16.jpg)

Key Financial Highlights Balance Sheet&nbsp;&nbsp;&nbsp;&nbsp; 2023 2024 2025&nbsp;&nbsp;&nbsp;&nbsp; Q1 2025 q2 2025 q3 2025 q4 2025 Total Assets&nbsp;&nbsp;&nbsp;&nbsp; $2,975,321 $3,025,724 $3,064,564&nbsp;&nbsp;&nbsp;&nbsp; $3,016,338 $2,967,274 $3,056,421 $3,064,564 Total Gross Loans&nbsp;&nbsp;&nbsp;&nbsp; $2,258,215 $2,322,849 $2,360,015&nbsp;&nbsp;&nbsp;&nbsp; $2,321,717 $2,257,284 $2,348,896 $2,360,015 Total Deposits&nbsp;&nbsp;&nbsp;&nbsp; $2,321,481 $2,382,028 $2,376,979&nbsp;&nbsp;&nbsp;&nbsp; $2,364,854 $2,292,662 $2,411,203 $2,376,979 Loans/Deposits&nbsp;&nbsp;&nbsp;&nbsp; 97.27% 97.52% 99.29%&nbsp;&nbsp;&nbsp;&nbsp; 98.18% 98.46% 97.42% 99.29%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital & Per Share&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Equity&nbsp;&nbsp;&nbsp;&nbsp; $279,666 $299,734 $338,051&nbsp;&nbsp;&nbsp;&nbsp; $308,296 $313,653 $327,682 $338,051 Tangible Common Equity&nbsp;&nbsp;&nbsp;&nbsp; $190,258 $211,084 $250,072&nbsp;&nbsp;&nbsp;&nbsp; $219,831 $225,365 $239,550 $250,072 Tang. Common Equity/Tangible Assets (1) 6.59% 7.19% 8.40%&nbsp;&nbsp;&nbsp;&nbsp; 7.51% 7.83% 8.07% 8.40% Tang. Common Equity/Tangible Assets (Excluding AOCL) (1) 7.46% 7.99% 8.82%&nbsp;&nbsp;&nbsp;&nbsp; 8.20% 8.56% 8.56% 8.82% Bank Leverage Ratio&nbsp;&nbsp;&nbsp;&nbsp; 8.54% 8.99% 9.54%&nbsp;&nbsp;&nbsp;&nbsp; 9.06% 9.22% 9.44% 9.54% Bank Total RBC Ratio (4)&nbsp;&nbsp;&nbsp;&nbsp; NA(1) 11.99% NA(1)&nbsp;&nbsp;&nbsp;&nbsp; NA(1) NA(1) NA(1) NA(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profitability&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Interest Margin&nbsp;&nbsp;&nbsp;&nbsp; 3.21% 3.13% 3.50%&nbsp;&nbsp;&nbsp;&nbsp; 3.30% 3.47% 3.60% 3.69% Efficiency Ratio (3)&nbsp;&nbsp;&nbsp;&nbsp; 58.32% 61.89% 54.50%&nbsp;&nbsp;&nbsp;&nbsp; 59.27% 57.29% 55.97% 54.50% Core ROAA (1)&nbsp;&nbsp;&nbsp;&nbsp; 1.09% 0.96% 1.21%&nbsp;&nbsp;&nbsp;&nbsp; 1.00% 1.13% 1.33% 1.37% Core ROAE (1)&nbsp;&nbsp;&nbsp;&nbsp; 12.01% 9.84% 11.51%&nbsp;&nbsp;&nbsp;&nbsp; 10.00% 10.88% 12.52% 12.53% Core ROATCE (1)&nbsp;&nbsp;&nbsp;&nbsp; 16.25% 14.19% 15.94%&nbsp;&nbsp;&nbsp;&nbsp; 14.09% 15.19% 17.29% 17.01% Core Earnings Per Share Diluted (1) (2) $6.47 $5.94 $7.62 &nbsp;&nbsp;&nbsp;&nbsp; $1.59 $1.76 $2.09 $2.18 Dividend per share (2)&nbsp;&nbsp;&nbsp;&nbsp; $1.90 $1.93 $1.98 &nbsp;&nbsp;&nbsp;&nbsp; $0.490 $0.490 $0.500 $0.500 TBV per Share (2)&nbsp;&nbsp;&nbsp;&nbsp; $39.63 $43.91 $52.02 &nbsp;&nbsp;&nbsp;&nbsp; $45.73 $46.88 $49.83 $52.02 Net Income&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $17,811 $27,818 $36,572 &nbsp;&nbsp;&nbsp;&nbsp; $7,621 $8,463 $10,005 $10,483 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset Quality&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NPAs/Assets&nbsp;&nbsp;&nbsp;&nbsp; 0.44% 0.95% 0.95%&nbsp;&nbsp;&nbsp;&nbsp; 0.91% 0.92% 0.75% 0.95% NCOs/Avg Loans&nbsp;&nbsp;&nbsp;&nbsp; 0.06% 0.11% 0.03%&nbsp;&nbsp;&nbsp;&nbsp; 0.03% 0.10% 0.00% 0.01% Reserves/Loans&nbsp;&nbsp;&nbsp;&nbsp; 0.94% 0.94% 0.97%&nbsp;&nbsp;&nbsp;&nbsp; 0.95% 0.99% 0.96% 0.97%

------

![](investordeck26slide17.jpg)

Results of Our 2025 Goals Continue to amplify our efforts -

------

![](investordeck26slide18.jpg)

Results of Our 2025 Goals Continue to amplify our efforts – Fully engage our markets for growth,

------

![](investordeck26slide19.jpg)

Results of Our 2025 Goals Continue to amplify our efforts – Fully engage our markets for growth, Lending teams,

------

![](investordeck26slide20.jpg)

Results of Our 2025 Goals Continue to amplify our efforts – Fully engage our markets for growth, Lending teams, Market leadership and facilities,

------

![](investordeck26slide21.jpg)

Results of Our 2025 Goals Continue to amplify our efforts – Fully engage our markets for growth, Lending teams, Market leadership and facilities, New product and technology introductions, and

------

![](investordeck26slide22.jpg)

Results of Our 2025 Goals Continue to amplify our efforts – Fully engage our markets for growth, Lending teams, Market leadership and facilities, New product and technology introductions, and Take advantage of the improved borrowing environment.

------

![](investordeck26slide23.jpg)

CZFS Common Stock

------

![](investordeck26slide24.jpg)

CZFS Performance

------

![](investordeck26slide25.jpg)

Institutional Ownership 26.3

------

![](investordeck26slide26.jpg)

Shareholder Migration

------

![](investordeck26slide27.jpg)

Industry Recognition

------

![](investordeck26slide28.jpg)

Recognition

------

![](investordeck26slide29.jpg)

Contributions

------

![](investordeck26slide30.jpg)

More Than A Donation Unity In the Community

------

![](investordeck26slide31.jpg)

Peace of Mind

------

![](investordeck26slide32.jpg)

Peace of Mind Continuing our fight against cybersecurity and fraud.

------

![](investordeck26slide33.jpg)

FCCB Fraud Occurrences Fraud Losses 2023 2024 2025 Transactions Check Fraud 112 74 169 ACH Fraud 7 30 33 Combined Total 119 104 202 Fraudulent Activity Check Fraud $830,316 $685,474 $791,558 ACH Fraud $52,701 $209,210 $157,792 Combined Total $883,017 $894,684 $949,350 Customer Loss Check Fraud $18,359 $129,896 $6,868 ACH Fraud $6,500 $11,600 $1,999 Combined Total $24,859 $141,496 $8,867 Bank Loss Check Fraud $129,809 $149,503 $124,441 ACH Fraud $0 $0 $0 Debit Card Losses $168,561 $122,122 $109,609 Combined Total $298,370 $271,624 $234,050

------

![](investordeck26slide34.jpg)

Peace of Mind Continuing our fight against cybersecurity and fraud. Hosted a scam awareness seminar.

------

![](investordeck26slide35.jpg)

Peace of Mind Continuing our fight against cybersecurity and fraud. Hosted a scam awareness seminar. Participated in Bankers Day at the Capitol.

------

![](investordeck26slide36.jpg)

Peace of Mind Continuing our fight against cybersecurity and fraud. Hosted a scam awareness seminar. Participated in Bankers Day at the Capitol. Offering a Veterans Checking account.

------

![](investordeck26slide37.jpg)

Peace of Mind Continuing our fight against cybersecurity and fraud. Hosted a scam awareness seminar. Participated in Bankers Day at the Capitol. Offering a Veterans Checking account. Updating digital banking channels.

------

![](investordeck26slide38.jpg)

Peace of Mind Continuing our fight against cybersecurity and fraud. Hosted a scam awareness seminar. Participated in Bankers Day at the Capitol. Offering a Veterans Checking account. Updating digital banking channels. Adding skilled board members.

------

![](investordeck26slide39.jpg)

2026 Challenges & Opportunities

------

![](investordeck26slide40.jpg)

Challenges & Opportunities Cryptocurrency

------

![](investordeck26slide41.jpg)

Challenges & Opportunities Cryptocurrency AI (into everyday banking operations)

------

![](investordeck26slide42.jpg)

Staggering Statistics The Impact on PA Communities Community banks headquartered in PA: 105 Community banks operating in PA: 123 Total deposits held at bank branches in PA: $108 billion Potential deposit outflows from PA banks to stablecoins: $5.4 billion to $10.8 billion Lost lending to PA households and businesses as a result of deposit outflow: $4.6 billion - $9.3 billion drop in loans

------

![](investordeck26slide43.jpg)

Challenges & Opportunities Cryptocurrency. . . Customer Needs: Custodial Services,

------

![](investordeck26slide44.jpg)

Challenges & Opportunities Cryptocurrency. . . Customer Needs: Custodial services, Tokenized deposits, and

------

![](investordeck26slide45.jpg)

Challenges & Opportunities Cryptocurrency. . . Customer Needs: Custodial services, Tokenized deposits, and Collateral for loans

------

![](investordeck26slide46.jpg)

Challenges & Opportunities Cryptocurrency. . . Customer Needs: Custodial services, Tokenized deposits, and Collateral for loans. Investments In: Technology,

------

![](investordeck26slide47.jpg)

Challenges & Opportunities Cryptocurrency. . . Customer Needs: Custodial services, Tokenized deposits, and Collateral for loans. Investments In: Technology, Policy development,

------

![](investordeck26slide48.jpg)

Challenges & Opportunities Cryptocurrency. . . Customer Needs: Custodial services, Tokenized deposits, and Collateral for loans. Investments In: Technology, Policy development, Regulatory compliance, and

------

![](investordeck26slide49.jpg)

Challenges & Opportunities Cryptocurrency. . . Customer Needs: Custodial services, Tokenized deposits, and Collateral for loans. Investments In: Technology, Policy development, Regulatory compliance, and Employee training.

------

![](investordeck26slide50.jpg)

Challenges & Opportunities IA. . . Improvements In: Operational efficiency,

------

![](investordeck26slide51.jpg)

Challenges & Opportunities IA. . . Improvements In: Operational efficiency, Fraud detection,

------

![](investordeck26slide52.jpg)

Challenges & Opportunities IA. . . Improvements In: Operational efficiency, Fraud detection, Data quality,

------

![](investordeck26slide53.jpg)

Challenges & Opportunities IA. . . Improvements In: Operational efficiency, Fraud detection, Data quality, Decision making, and

------

![](investordeck26slide54.jpg)

Challenges & Opportunities IA. . . Improvements In: Operational efficiency, Fraud detection, Data quality, Decision making, and Customer experience

------

![](investordeck26slide55.jpg)

------