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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.
Access comprehensive coverage of earnings reports, regulatory filings, and leadership updates alongside analysis of CZWI's core banking activities. Track developments in agricultural lending programs, commercial real estate financing, and deposit product innovations that drive this regional institution's growth.
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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.
Citizens Community Bancorp (Nasdaq: CZWI) reported fourth-quarter earnings of $4.7 million ($0.45 per diluted share) for Q4 2022, up from $4.0 million ($0.38) in Q3 2022 but down from $6.1 million ($0.58) in Q4 2021. For the fiscal year 2022, net income was $17.8 million ($1.69 per share), compared to $21.3 million ($1.98) in 2021. The company experienced solid loan growth of 2.6% quarter-over-quarter, despite a declining net interest margin at 3.33%. Book value per share increased to $16.03. A 12% dividend increase to $0.29 per share was declared for 2023.
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