Welcome to our dedicated page for Citizens Community Bancorp news (Ticker: CZWI), a resource for investors and traders seeking the latest updates and insights on Citizens Community Bancorp stock.
Citizens Community Bancorp, Inc. (CZWI) is the parent company of Citizens Community Federal N.A. and reports detailed quarterly financial and operating results through press releases and SEC filings. The news flow for CZWI centers on earnings announcements, balance sheet trends, credit quality metrics and capital management decisions, providing investors with regular insight into the company’s community banking activities.
Recent news releases describe quarterly net income and earnings per diluted share, movements in net interest income and net interest margin, and changes in non-interest income and non-interest expense. They also highlight provisions for credit losses, the level of the allowance for credit losses on loans and unfunded commitments, and developments in special mention loans, substandard loans and nonperforming assets. Management commentary often explains how loan payoffs, loan originations, deposit pricing and macroeconomic assumptions influence these results.
Citizens Community Bancorp’s news coverage also includes information on capital and shareholder actions. The company has announced stock repurchase authorizations, share repurchase activity and annual dividend decisions, as well as changes in book value per share, tangible book value per share and tangible common equity ratios. Updates on liquidity, deposit mix across consumer, commercial, public and brokered categories, and the use or repayment of Federal Home Loan Bank advances are recurring topics.
On Stock Titan’s CZWI news page, readers can review these earnings releases, capital actions and other company communications in one place. This allows investors, analysts and interested observers to follow trends in Citizens Community Bancorp’s profitability, credit quality, funding profile and capital management over time.
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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.
Citizens Community Bancorp (Nasdaq: CZWI) reported earnings of $4.0 million ($0.38/share) for Q3 2022, down from $4.4 million ($0.41/share) in Q2 2022 and $5.0 million ($0.47/share) in Q3 2021. Year-to-date earnings totaled $13.1 million ($1.24/share), compared to $15.2 million ($1.41/share) in the same period last year. Net interest income rose by $0.2 million to $14.5 million, driven by loan growth. However, total non-interest expense increased to $11.3 million. The bank struggled with declining book value due to unrealized losses. Key metrics include a net interest margin of 3.33%.
Citizens Community Bancorp (Nasdaq: CZWI) reported Q2 2022 earnings of $4.4 million or $0.41 per diluted share, down from $4.7 million or $0.45 in Q1 2022. Year-to-date earnings were $9.1 million ($0.86 per share), a decrease from $10.2 million ($0.94) in the same period last year. Net interest income rose $1.1 million from Q1 to $14.3 million. Loan growth was strong at 18% annualized, but demand has softened due to economic pressures. The efficiency ratio improved to 60%.
Citizens Community Bancorp reported first-quarter 2022 earnings of $4.7 million or $0.45 per diluted share, down from $6.1 million or $0.58 in Q4 2021. Key factors for the decrease include a $1 million drop in loan interest income, primarily from reduced SBA PPP fees, and a $0.9 million decline in securities sales. Total assets rose to $1.78 billion, while book value per share fell to $15.72. The company also issued $35 million in subordinated debt and injected $15 million into its banking subsidiary to strengthen capital ratios.
Citizens Community Bancorp reported record earnings of $6.1 million or $0.58 per diluted share for the fourth quarter of 2021, up from $5.0 million or $0.47 per share the previous quarter. Fiscal 2021 earnings surged by 67% to $21.3 million, compared to $12.7 million in 2020. Key drivers included increased loan interest income and reduced deposit costs. Book value per share rose to $16.27, a 12.1% annual increase. However, total assets slightly declined to $1.74 billion, and nonperforming assets increased to $13.2 million.
Citizens Community Bancorp (CZWI) reported record earnings of $5.0 million for Q3 2021, translating to $0.47 per diluted share, an increase from $4.7 million ($0.44 per diluted share) in Q2 2021 and $3.5 million ($0.31 per diluted share) in Q3 2020. Year-to-date earnings reached $15.2 million, up 66% from $9.2 million in 2020. Key drivers include increased loan interest income, modest growth in net interest income, and improved asset quality. However, nonperforming assets rose to $12.1 million from $8.8 million in the prior quarter, primarily due to a single commercial real estate loan.
Citizens Community Bancorp, Inc. (CZWI) reported second-quarter earnings of $4.7 million ($0.44 per diluted share), down from $5.5 million ($0.50 per share) in Q1 2021, but up from $3.1 million ($0.28 per share) in Q2 2020. Year-to-date earnings reached $10.2 million, an 80% increase from the previous year. The company approved a 5% stock repurchase plan, and tangible book value rose by 15.9% year-over-year to $11.95 per share. Total assets decreased by $17.8 million to $1.71 billion. Nonperforming assets fell 6% to $8.8 million, demonstrating improved asset quality.
Citizens Community Bancorp, Inc. (CZWI) reported record earnings of $5.5 million or $0.50 per diluted share for Q1 2021, up from $3.6 million ($0.32) in Q4 2020 and $2.6 million ($0.23) in Q1 2020. Adjusted net income was $5.6 million or $0.51 per diluted share. Key highlights included no loan loss provisions due to improved asset quality, a decrease in non-interest expenses, and an 11% year-over-year increase in book value per share to $14.75. The bank's nonperforming assets fell 19% this quarter. Total assets increased to $1.73 billion.