Citizens Financial Services, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company announced total interest income was $12,895,000 compared to $11,169,000 for the same period a year ago. Net interest income was $11,236,000 compared to $9,876,000 for the same period a year ago. Income before provision for income taxes was $5,538,000 compared to $3,960,000 for the same period a year ago. Net income was $2,604,000 compared to $3,171,000 for the same period a year ago. Net income per common share, basic and diluted was $0.75 compared to $0.91 for the same period a year ago. Non-GAAP operating earnings were $4,135,000 compared to $3,171,000 for the same period a year ago. Tangible book value per share was $30.73 compared to $29.12 for the same period a year ago. Return on average assets (ROA) was 0.80% compared to 1.05% for the same period a year ago. Non-GAAP operating ROA was 1.26% compared to 1.05% for the same period a year ago. Return on average equity (ROE) was 7.82% compared to 10.12% for the same period a year ago. Non-GAAP operating ROE was 12.31% compared to 10.12% for the same period a year ago. Non-GAAP basic and dilutive operating EPS was $1.19 compared to $0.91 for the same period a year ago.

For the full year, the company announced total interest income was $48,093,000 compared to $43,005,000 for the same period a year ago. Net interest income was $42,254,000 compared to $37,964,000 for the same period a year ago. Income before provision for income taxes was $19,056,000 compared to $15,672,000 for the same period a year ago. Net income was $13,025,000 compared to $12,638,000 for the same period a year ago. Net income per common share, basic and diluted was $3.74 compared to $3.60 for the same period a year ago. Non-GAAP operating earnings were $14,556,000 compared to $12,638,000 for the same period a year ago. Return on average assets (ROA) was 1.03% compared to 1.06% for the same period a year ago. Non-GAAP operating ROA was 1.16% compared to 1.06% for the same period a year ago. Return on average equity (ROE) was 10.04% compared to 10.24% for the same period a year ago. Non-GAAP operating ROE was 11.22% compared to 10.24% for the same period a year ago. Non-GAAP basic and dilutive operating EPS was $4.18 compared to $3.60 for the same period a year ago.

For the fourth quarter ended December 31, 2017, the company announced net charge-offs of $57,000 compared to $58,000 for the same period a year ago.