See more : VIQ Solutions Inc. (VQS.TO) Income Statement Analysis – Financial Results
Complete financial analysis of Citizens Financial Corp. (CIWV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Citizens Financial Corp., a leading company in the Banks – Regional industry within the Financial Services sector.
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Citizens Financial Corp. (CIWV)
About Citizens Financial Corp.
Citizens Financial Corp. operates as the bank holding company for Citizens Bank of West Virginia, Inc. that provides retail, secondary market, and commercial loan services to consumers and businesses in West Virginia. It provides various deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit. The company offers loan products comprising auto, personal, RVS and camper, motorcycles, boats, and ATVS; and commercial loans, such as term loans, line of credit, real estate loans, and government guaranteed loans, as well as home loans and home equity; IRAs; debit and credit cards; remote deposit; and safe deposit boxes rental. It also provides investment products, such as managed and brokerage accounts, 401K, simple and SEP IRAS, traditional and ROTH IRA, smart 529 plans, insurance, and fixed and variable annuities; investment services, including retirement planning, estate planning, asset allocation, and college savings; and trust services. In addition, the company offers online banking, mobile banking, mobile deposit, bill pay, telephone banking, and credit card processing services, as well as wire transfers and digital wallet. It operates six offices in Elkins, Beverly, Parsons, Snowshoe, Buckhannon, and New Martinsville. The company was founded in 1924 and is headquartered in Elkins, West Virginia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2015 | 2014 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20.54M | 22.71M | 18.72M | 17.97M | 15.73M | 10.29M | 10.70M | 10.71M | 11.02M | 11.12M | 10.39M | 9.76M | 9.51M | 8.90M | 8.28M | 7.71M | 6.80M |
| Cost of Revenue | -1.05M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 21.59M | 22.71M | 18.72M | 17.97M | 15.73M | 10.29M | 10.70M | 10.71M | 11.02M | 11.12M | 10.39M | 9.76M | 9.51M | 8.90M | 8.28M | 7.71M | 6.80M |
| Gross Profit Ratio | 105.11% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 2.32M | 366.75K | 455.91K | 289.42K | 0.00 | 1.71M | 1.62M | 4.01M | 3.88M | 3.93M | 3.72M | 3.59M | 3.49M | 3.02M | 2.65M | 2.31M | 2.30M |
| Selling & Marketing | 8.07M | 6.83M | 6.24M | 6.00M | 0.00 | 4.80M | 4.58M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 76.55K | 100.00K |
| SG&A | 10.39M | 366.75K | 455.91K | 289.42K | 0.00 | 6.51M | 6.20M | 4.01M | 3.88M | 3.93M | 3.72M | 3.59M | 3.49M | 3.02M | 2.65M | 2.39M | 2.40M |
| Other Expenses | 0.00 | -4.41M | -3.47M | -3.84M | -3.35M | 0.00 | 0.00 | -13.72M | -13.64M | -12.01M | -11.14M | -11.27M | -10.01M | -9.00M | -8.03M | -7.23M | -7.60M |
| Operating Expenses | 10.39M | 4.41M | 3.47M | 3.84M | 3.35M | 8.16M | 7.73M | -9.71M | -9.76M | -8.08M | -7.41M | -7.68M | -6.52M | -5.98M | -5.38M | -4.85M | -5.20M |
| Cost & Expenses | 10.39M | 14.48M | 11.43M | 12.55M | 11.86M | 8.16M | 7.73M | -9.71M | -9.76M | -8.08M | -7.41M | -7.68M | -6.52M | -5.98M | -5.38M | -4.85M | -5.20M |
| Interest Income | 28.32M | 19.11M | 15.09M | 14.01M | 13.28M | 0.00 | 0.00 | 15.18M | 15.97M | 15.35M | 12.98M | 11.44M | 11.42M | 11.52M | 11.83M | 11.15M | 10.10M |
| Interest Expense | 10.42M | 2.69M | 1.22M | 1.66M | 209.19K | 0.00 | 0.00 | 6.39M | 6.78M | 5.86M | 4.06M | 3.07M | 3.19M | 3.97M | 4.68M | 4.42M | 4.00M |
| Depreciation & Amortization | 650.98K | 832.40K | 528.42K | 579.95K | 719.75K | -2.77M | -3.73M | 368.13K | 344.14K | 420.21K | 610.88K | 699.17K | 644.36K | 436.99K | 320.74K | 210.33K | 400.00K |
| EBITDA | 8.70M | 8.83M | 7.63M | 5.71M | 4.59M | -643.53K | -757.73K | 1.31M | 1.58M | 3.38M | 3.59M | 2.49M | 3.64M | 3.36M | 3.22M | 3.12M | 1.59M |
| EBITDA Ratio | 42.35% | -3.11% | -1.09% | -4.34% | 4.58% | -6.25% | -7.08% | 12.81% | 14.63% | 31.13% | 34.52% | 28.50% | 38.26% | 37.71% | 38.90% | 39.86% | 29.41% |
| Operating Income | 10.15M | 8.94M | 7.50M | 6.19M | 0.00 | 2.77M | 3.73M | 1.00M | 1.27M | 3.04M | 2.97M | 2.08M | 3.00M | 2.92M | 2.90M | 2.86M | 1.60M |
| Operating Income Ratio | 49.41% | 39.36% | 40.05% | 34.47% | 0.00% | 26.94% | 34.87% | 9.37% | 11.51% | 27.35% | 28.63% | 21.34% | 31.49% | 32.80% | 35.03% | 37.13% | 23.53% |
| Total Other Income/Expenses | -2.35M | -602.51K | 0.00 | 0.00 | -408.49K | -643.53K | -1.53M | 0.00 | 0.00 | 0.00 | -10.00 | -31.00K | 0.00 | 0.00 | 0.00 | 0.00 | -390.63K |
| Income Before Tax | 7.80M | 8.23M | 7.29M | 5.41M | 3.87M | 2.13M | 2.97M | 1.00M | 1.27M | 3.04M | 2.97M | 2.08M | 3.00M | 2.92M | 2.90M | 2.86M | 1.60M |
| Income Before Tax Ratio | 37.97% | 36.25% | 38.96% | 30.13% | 24.61% | 20.69% | 27.79% | 9.37% | 11.51% | 27.35% | 28.63% | 21.34% | 31.49% | 32.80% | 35.03% | 37.13% | 23.53% |
| Income Tax Expense | 1.56M | 1.69M | 1.50M | 1.10M | 773.70K | 675.60K | 877.76K | 86.97K | 235.09K | 955.65K | 927.36K | 426.94K | 983.89K | 991.91K | 997.10K | 973.11K | 500.00K |
| Net Income | 6.24M | 6.54M | 5.79M | 4.31M | 3.10M | 1.45M | 2.10M | 916.43K | 1.03M | 2.09M | 2.05M | 1.66M | 2.01M | 1.93M | 1.90M | 1.89M | 1.10M |
| Net Income Ratio | 30.38% | 28.79% | 30.94% | 23.99% | 19.70% | 14.12% | 19.58% | 8.56% | 9.38% | 18.76% | 19.71% | 16.97% | 21.15% | 21.66% | 22.99% | 24.51% | 16.18% |
| EPS | 3.51 | 3.70 | 3.27 | 2.43 | 1.74 | 0.81 | 1.16 | 0.50 | 0.57 | 1.13 | 1.10 | 0.88 | 1.05 | 0.99 | 0.98 | 0.97 | 0.56 |
| EPS Diluted | 3.51 | 3.70 | 3.27 | 2.43 | 1.74 | 0.81 | 1.16 | 0.50 | 0.57 | 1.13 | 1.10 | 0.88 | 1.05 | 0.99 | 0.98 | 0.97 | 0.56 |
| Weighted Avg Shares Out | 1.78M | 1.77M | 1.77M | 1.77M | 1.78M | 1.80M | 1.81M | 1.83M | 1.83M | 1.85M | 1.86M | 1.89M | 1.93M | 1.95M | 1.95M | 1.96M | 1.98M |
| Weighted Avg Shares Out (Dil) | 1.78M | 1.77M | 1.77M | 1.77M | 1.78M | 1.80M | 1.81M | 1.83M | 1.83M | 1.85M | 1.86M | 1.89M | 1.93M | 1.95M | 1.95M | 1.96M | 1.98M |
Source: https://incomestatements.info
Category: Stock Reports