Citizens Financial Services Inc (CZFS) Loans - Loss Allowance (2011 - 2022)
Citizens Financial Services' Loans - Loss Allowance was $18.55 million in Q4 2022, up 7.2% from $17.3 million a year earlier and up 1.4% from the prior quarter.
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Analysis
Citizens Financial Services Inc (CZFS) Loans - Loss Allowance (2011 - 2022) Analysis & Trends
From Q4 2011 onward, Citizens Financial Services has reported Loans - Loss Allowance for 44 quarters.
- Loans - Loss Allowance has now increased for eight consecutive years, with a five-year compound annual growth rate of 10.6% (FY2017 to FY2022).
- In earlier years, Loans - Loss Allowance was $17.3 million in FY2021 (+9.4%), $15.82 million in FY2020 (+14.2%), $13.85 million in FY2019 (+7.5%) and $12.88 million in FY2018 (+15.1%).
- The Q4 2022 figure marks the highest quarterly Loans - Loss Allowance in data going back to Q4 2011.
- Compared with a year earlier, Loans - Loss Allowance has increased for 31 straight quarters, with growth averaging 9.6% over the last eight quarters.
- Across the past five years, year-over-year growth in Loans - Loss Allowance ran from 3.8% in Q2 2022 to 23.2% in Q1 2018.
- Per Business Quant data, CZFS's Loans - Loss Allowance in the three quarters before Q4 2022 was $18.29 million (Q3 2022), $17.57 million (Q2 2022) and $17.56 million (Q1 2022).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Dec 31, 2022 | 18.55 Mn |
| Sep 30, 2022 | 18.29 Mn |
| Jun 30, 2022 | 17.57 Mn |
| Mar 31, 2022 | 17.56 Mn |
| Dec 31, 2021 | 17.30 Mn |
| Sep 30, 2021 | 17.33 Mn |
| Jun 30, 2021 | 16.93 Mn |
| Mar 31, 2021 | 16.56 Mn |
| Dec 31, 2020 | 15.82 Mn |
| Sep 30, 2020 | 15.17 Mn |
| Jun 30, 2020 | 14.83 Mn |
| Mar 31, 2020 | 14.25 Mn |
| Dec 31, 2019 | 13.85 Mn |
| Sep 30, 2019 | 13.68 Mn |
| Jun 30, 2019 | 13.30 Mn |
| Mar 31, 2019 | 13.08 Mn |
| Dec 31, 2018 | 12.88 Mn |
| Sep 30, 2018 | 12.38 Mn |
| Jun 30, 2018 | 11.94 Mn |
| Mar 31, 2018 | 11.59 Mn |
API Access
Citizens Financial Services Inc Loans - Loss Allowance API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=loans-loss-allowance&ticker=CZFS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "loans-loss-allowance", "ticker": "CZFS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=loans-loss-allowance&ticker=CZFS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();