CZFS - Citizens Financial Services GAAP EPS of $1.99 beats by $0.14 revenue of $21.61M beats by $1.31M

• Citizens Financial Services press release ( NASDAQ: CZFS ): Q4 GAAP EPS of $1.99 beats by $0.14 .
• Revenue of $21.61M (+11.5% Y/Y) beats by $1.31M .
• The effective tax rate for the three months ended December 31, 2022 was 18.8% compared to 18.3% in the comparable period in 2021 due to certain merger expenses not being tax deductible.
• The provision for loan losses for the three months ended December 31, 2022 was $258K compared to no provision for loan losses for the comparable period in 2021.

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