Citizens Financial Services (CZFS) Loans - Loss Allowance (2011 - 2022)

Citizens Financial Services' Loans - Loss Allowance history runs 12 years deep, the most recent figure standing at $18.6 million for Q4 2022.

• In Q4 2022, Loans - Loss Allowance rose 7.21% year-over-year to $18.6 million; the TTM figure through Dec 2022 stood at $18.6 million (up 7.21% YoY), while the FY2022 annual figure was $18.6 million, up 7.21% from the prior year.
• Loans - Loss Allowance was $18.6 million for Q4 2022 at Citizens Financial Services, up from $18.3 million in the prior quarter.
• In the past five years, Loans - Loss Allowance ranged from a high of $18.6 million in Q4 2022 to a low of $11.6 million in Q1 2018.
• Historically, Loans - Loss Allowance has averaged $15.1 million across 5 years, with a median of $15.0 million in 2020.
• The sharpest annual moves came in 2018 and 2022: Loans - Loss Allowance rose 23.2% in 2018, then gained 3.77% in 2022.
• A 5-year view of Loans - Loss Allowance shows it stood at $12.9 million in 2018, then increased by 7.46% to $13.8 million in 2019, then advanced by 14.23% to $15.8 million in 2020, then increased by 9.42% to $17.3 million in 2021, then rose by 7.21% to $18.6 million in 2022.
• The last three Loans - Loss Allowance figures came in at $18.6 million (Q4 2022), $18.3 million (Q3 2022), and $17.6 million (Q2 2022), per Business Quant data.