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Citizens Community Bancorp (CZWI) delivers community-focused banking services through branches across Wisconsin, Minnesota, and Michigan. This news hub provides investors and stakeholders with timely updates on financial developments, strategic initiatives, and market positioning.
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Citizens Community Bancorp (NASDAQ:CZWI) reported Q2 2025 earnings of $3.3 million, or $0.33 per diluted share, up from $3.2 million ($0.32/share) in Q1 2025 but down from $3.7 million ($0.35/share) in Q2 2024. Key highlights include a $1.7 million increase in net interest income to $13.3 million and net interest margin improvement of 42 basis points to 3.27%.
The bank's asset quality showed mixed results with nonperforming assets decreasing by $1.5 million to $13.0 million, while special mention loans increased by $8.2 million to $23.2 million. The Board authorized a new 5% common stock buyback program of 499,000 shares and approved the redemption of $15 million in subordinated debentures.
Total deposits decreased by $45.2 million to $1.48 billion, while the allowance for credit losses increased to 1.59% of total loans.Citizens Community Bancorp (CZWI) reported Q1 2025 earnings of $3.2 million, or $0.32 per diluted share, up from $2.7 million ($0.27/share) in Q4 2024 but down from $4.1 million ($0.39/share) in Q1 2024. Book value per share increased to $18.02, up 8% year-over-year, while tangible book value rose 10.1% to $14.79. Net interest income slightly decreased to $11.6 million, with net interest margin improving to 2.85%. Total deposits grew by $35.5 million to $1.524 billion, while loans decreased by $16.3 million to $1.353 billion. The bank maintains strong liquidity with no FHLB advances and an efficiency ratio of 73%.
Citizens Community Bancorp (CZWI) reported Q4 2024 earnings of $2.7 million ($0.27 per diluted share), down from $3.3 million ($0.32 per share) in Q3 2024 and $3.7 million ($0.35 per share) in Q4 2023. Key highlights include:
Net interest income increased $0.4 million to $11.7 million, with net interest margin rising 16 basis points to 2.79%. The company recorded a negative provision for credit losses of $0.45 million. Total loans decreased by $55.8 million to $1.369 billion, while deposits decreased by $32.5 million to $1.49 billion.
The Board of Directors increased the annual dividend by 12.5% to $0.36 per share. Book value per share improved to $17.94, and tangible book value per share increased 9.5% year-over-year to $14.69. The company repurchased 94,000 shares at an average price of $14.55 during Q4 2024.
Citizens Community Bancorp reported Q3 2024 earnings of $3.3 million ($0.32 per diluted share), compared to $3.7 million ($0.35 per share) in Q2 2024 and $2.5 million ($0.24 per share) in Q3 2023. Book value per share improved to $17.88, with tangible book value reaching $14.64. Key highlights include: net interest income decreased $0.3 million from Q2, deposits increased $1.1 million despite a $30.1 million decrease in brokered deposits, and nonperforming assets rose to $17.1 million. The company maintained a healthy reserve for credit losses at 1.47% of total loans and repurchased 223,000 shares at an average price of $12.91.
Citizens Community Bancorp, Inc. (CZWI) reported Q2 2024 earnings of $3.7 million, or $0.35 per diluted share. Key highlights include:
1. Net interest income decreased to $11.6 million, with a net interest margin of 2.72%.
2. Negative provision for credit losses of $1.525 million due to improved credit quality and economic outlook.
3. Non-interest income decreased to $1.9 million, mainly due to lower gains on sale of SBA loans.
4. Non-interest expenses decreased to $10.3 million, primarily due to lower SBA recourse reserves.
5. Gross loans decreased by $21.7 million to $1.43 billion.
6. Total deposits decreased by $7.9 million to $1.52 billion.
7. Board approved an additional 5% stock buyback authorization.
8. Book value per share improved to $17.10, and tangible book value per share increased to $13.91.
Citizens Community Bancorp, Inc. reported Q1 2024 earnings of $0.39 per share, with a net interest income increase and higher non-interest income. They saw a decrease in nonperforming assets by 31% and criticized assets by 25%.
Citizens Community Bancorp reported first-quarter earnings of $3.7 million or $0.35 per diluted share for the quarter ending March 31, 2023, down from $4.7 million or $0.45 per diluted share in the previous quarter and the same period last year. Key highlights include a 12% return on tangible shareholders’ equity, though net interest income fell $1.7 million to $12.8 million amid rising deposit costs. The bank achieved improved asset quality with a 25% reduction in criticized loans to $22.1 million and non-performing assets representing 0.63% of total assets. Total assets grew modestly to $1.86 billion, with consumer deposits contributing 55% of the deposit base. The adoption of new accounting standards increased the allowance for credit losses by $4.7 million.