Welcome to our dedicated page for Citizens Holding news (Ticker: CIZN), a resource for investors and traders seeking the latest updates and insights on Citizens Holding stock.
Citizens Holding Company (NASDAQ: CIZN) provides essential financial services as a Mississippi-chartered community bank. This news hub delivers authorized updates about CIZN's operations, including regulatory filings, strategic partnerships, and customer-focused initiatives.
Access real-time announcements ranging from quarterly earnings to branch network developments. Our curated news stream serves investors analyzing regional banking trends and local businesses monitoring financial service enhancements.
Discover updates on loan program expansions, digital banking improvements, and community reinvestment projects. Each entry maintains strict adherence to SEC disclosure standards and corporate communication protocols.
Bookmark this page for streamlined tracking of CIZN's progress in serving Mississippi communities since 1908. Combine historical context with current developments through our organized news chronology.
Citizens Holding Company (OTCQX:CIZN) reported financial results for the three and six months ending June 30, 2024. Net income for Q2 2024 was $987K ($0.18 per share), a 65.59% decrease from Q1 2024. However, it marked a 228.93% increase over Q2 2023. Net income for the first half of 2024 totaled $3.86 million, up 167.73% from the same period in 2023.
Key Highlights:
- Total Loans: Increased by 1.76% from Q1 2024 and 18.31% from Q2 2023, reaching $672.4 million.
- Net Interest Margin: Rose to 2.56% in Q2 2024, up from 2.40% in Q1 2024.
- Total Revenue: $40.4 million for the first half of 2024, a 50.63% increase from 2023.
- Book Value: Increased by 2.30% from Q1 2024 and 16.23% from Q2 2023.
CEO Stacy Brantley highlighted strong loan growth and strategic balance sheet management as key drivers. The company also invested in securities and executed a $15M securities swap to hedge rising interest rates. Despite pressures on deposits, the company remains well-capitalized with a tier 1 leverage ratio of 7.16%.
Citizens Holding Company (OTCQX:CIZN) has announced a quarterly dividend of $0.16 per share on its common stock, payable on June 28, 2024, to shareholders of record as of June 14, 2024. The dividend yield stands at approximately 8%, indicating a strong capital position and the company's commitment to returning value to its shareholders. CEO Stacy Brantley highlighted the importance of this dividend in reflecting the company's ongoing commitment to its investors.
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