NioCorp Reports Final Assay Results From the Department of War-Funded Elk Creek Drilling Campaign

Rhea-AI Summary

Citizens Holding Company (OTCQX:CIZN) reported results for the three and nine months ended September 30, 2025. Q3 net income was $2.357M ($0.42 per share), up 27.6% linked-quarter and 641.2% year-over-year; nine-month net income was $6.057M ($1.08 per share), up 45.1% year-over-year. Net interest margin rose to 3.20% in Q3 (3.08% year-to-date), driven by loan growth; loans held for investment totaled $831.2M, +16.8% YoY. Non-performing assets increased to $7.063M (85 bps of loans), up 37.7% YoY. OBS liquidity was 14.9% and regulatory capital ratios remained well-capitalized.

Positive

• Q3 net income of $2.357M (+641% YoY)
• Nine-month net income of $6.057M (+45.1% YoY)
• Loans held for investment $831.2M (+16.8% YoY)
• Net interest margin 3.20% in Q3 (year-to-date 3.08%)

Negative

• Total non-performing assets $7.063M (+37.7% YoY)
• Dividends paid fell to $226K for nine months from $2.705M prior year

Key Figures

Q3 2025 net income: $2,357 (thousand) Q3 2025 EPS: $0.42 per share 9M 2025 net income: $6,057 (thousand) +5 more

8 metrics

Q3 2025 net income $2,357 (thousand) Three months ended September 30, 2025

Q3 2025 EPS $0.42 per share Basic and diluted, three months ended September 30, 2025

9M 2025 net income $6,057 (thousand) Nine months ended September 30, 2025

Net interest margin 3.20% Three months ended September 30, 2025

Loans held for investment $831,202 (thousand) Balance as of September 30, 2025

NPAs to loans 85 bps Non-performing assets to loans at September 30, 2025

ACL to loans 1.04% Allowance for credit losses to loans at September 30, 2025

Dividends per share $0.04 per share Cash dividends during nine months ended September 30, 2025

Market Reality Check

Price: $6.46 Vol: Volume 3,025,575 is below...

normal vol

$6.46 Last Close

Volume Volume 3,025,575 is below the 20-day average of 3,493,154, suggesting no outsized trading pressure. normal

Technical Shares at $6.30 are trading above the 200-day MA of $4.56 but remain 49.92% below the 52-week high of $12.58.

Peers on Argus

NB was down 2.17% while sector peers showed mixed to positive moves: WRN +6.62%,...

5 Up

NB was down 2.17% while sector peers showed mixed to positive moves: WRN +6.62%, NAK +1.85%, UAMY +2.41%, LZM -0.39%, TMQ flat in the static snapshot and later flagged in momentum scans as moving up. Momentum data show 5 related metals names trending higher, pointing to stock‑specific rather than sector‑wide pressure.

Historical Context

5 past events · Latest: Dec 22 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 22	Project development	Positive	-0.7%	Board approved Mine Portal Project at Elk Creek with capital estimate disclosed.
Dec 11	Investor outreach	Positive	+2.7%	Nebraska Town Halls drew about 600 attendees backing Elk Creek project.
Dec 08	Conference appearance	Positive	+1.8%	CEO presentation at critical minerals investor conference on Elk Creek role.
Nov 25	Town hall planning	Positive	+1.9%	Announcement of Dec. 5 Town Hall with Nebraska Governor and U.S. Senator.
Nov 21	Rights plan adoption	Positive	+9.2%	Limited‑duration shareholder rights plan to address potential unsolicited bids.

Pattern Detected

Recent NB headlines around Elk Creek development and governance have mostly seen positive price alignment, with only one negative reaction to otherwise constructive project news.

Recent Company History

Over the past few months, NioCorp has focused investors on its Elk Creek Critical Minerals Project and shareholder protections. In Nov–Dec 2025, Town Hall events and a critical‑minerals conference appearance highlighted community support and the project’s strategic role, generally met with modestly positive price moves. The Dec 22, 2025 Mine Portal approval advanced a key construction step but saw a small decline. A limited‑duration rights plan on Nov 21, 2025 produced the strongest positive reaction, underscoring sensitivity to governance measures.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-10-10

An effective S-3ASR shelf registration filed on 2025-10-10 allows NioCorp to offer common shares, warrants, debt securities, and units. The shelf is effective through 2028-10-10 and has been used at least once, as indicated by a 424B5 prospectus supplement dated 2025-10-14. This provides flexibility to raise capital across various instruments as needed.

Market Pulse Summary

This announcement on NioCorp’s Elk Creek drilling campaign comes against a backdrop of active projec...

Analysis

This announcement on NioCorp’s Elk Creek drilling campaign comes against a backdrop of active project development, shareholder protections, and financing flexibility. Recent Town Halls, conference participation, and a Nov 21, 2025 rights plan framed Elk Creek as a strategic critical-minerals asset. An effective S-3ASR shelf and prior offerings provide capital-raising capacity, so investors may watch future financing terms and project milestones for incremental signals.

Key Terms

net interest margin, basis points, non-performing assets, allowance for credit losses, +4 more

8 terms

net interest margin financial

"Net interest margin (“NIM”) increased 12 basis points (“bps) to 3.20%..."

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

basis points financial

"Net interest margin (“NIM”) increased 12 basis points (“bps) to 3.20%..."

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

non-performing assets financial

"Credit quality continues to remain solid with total non-performing assets (“NPA”) to loans at 85 bps..."

Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.

allowance for credit losses financial

"Allowance for credit losses (“ACL”) to loans was 1.04% at September 30, 2025..."

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

tier 1 leverage ratio financial

"Tier 1 leverage ratio | | 7.44 | % | | 7.34 | % | | 7.21 | %"

Tier 1 leverage ratio measures a bank’s core capital — the money that can absorb losses — as a share of its total assets, showing how much of its balance sheet is funded by real loss-absorbing capital rather than borrowed money. Investors use it like a safety gauge: a higher ratio means a bigger cushion against shocks and lower risk of insolvency, similar to how a thicker spare tire reduces the chance of being stranded.

common equity tier 1 capital ratio financial

"Common Equity tier 1 capital ratio | | 10.90 | % | | 10.77 | %..."

A bank’s common equity tier 1 (CET1) capital ratio measures the size of its strongest loss-absorbing capital—mainly common shares and retained earnings—relative to the bank’s assets after adjusting those assets for how risky they are (riskier loans count more). Think of it as the safety cushion compared with the weight of risky business; investors use it to judge a bank’s ability to survive losses, meet rules, and sustain dividends or growth.

risk-based capital ratio financial

"Total risk-based capital ratio | | 11.80 | % | | 11.62 | % | | 12.18 | %"

A risk-based capital ratio compares a financial firm's capital (the cushion of money it can lose without collapsing) to its assets after those assets are scaled up or down based on how risky they are. Think of it like measuring how strong a boat's lifeboats are relative to how stormy the water is—higher ratios mean a bigger safety buffer. Investors use it to judge a bank or insurer's ability to survive losses and to predict regulatory pressure or limits on dividends and growth.

sale-leaseback transaction financial

"The decrease year-over-year is primarily attributed to a gain from a sale-leaseback transaction..."

A sale-leaseback transaction is when a company sells an asset it owns—often real estate or equipment—to a buyer and immediately rents the same asset back so it can keep using it. It matters to investors because it converts a fixed asset into cash while creating a new ongoing rental expense, which can boost short-term liquidity but also change long-term cash flow and debt metrics; think of selling your house and signing a lease to stay as a tenant.

AI-generated analysis. Not financial advice.

PHILADELPHIA--(BUSINESS WIRE)-- Please replace the release issued October 28, 2025, with the following corrected version due to multiple revisions.

The updated release reads:

CITIZENS HOLDING COMPANY REPORTS EARNINGS

Citizens Holding Company (the “Company”) (OTCQX:CIZN) announced today results of operations for the three and nine months ended September 30, 2025.

(in thousands, except share and per share data)

Net income for the three months ended September 30, 2025 was $2,357, or $0.42 per share-basic and diluted, a linked-quarter increase of $509, or 27.6%, from a net income of $1,848, or $0.33 per share-basic and diluted, for the three months ended June 30, 2025. Net income increased $2,039, or 641.23%, from net income of $318, or $0.06, per share-basic and diluted for the same quarter in 2024.

Net income for the nine months ended September 30, 2025 was $6,057, or $1.08 per share-basic and diluted, an increase of $1,884, or 45.1%, from net income of $4,173, or $0.74, per share-basic and diluted, for the same period in 2024. See supplemental information for additional disclosures.

Third Quarter Highlights

• Net interest margin (“NIM”) increased 12 basis points (“bps) to 3.20% for the three months ended September 30, 2025 from 3.08% for the three months ended June 30, 2025 and increased 56 bps from 2.52% for the three months ended September 30, 2024.
• Total loans held for investment (LHFI), as of September 30, 2025 totaled $831,202 an increase of $13,210, or 1.6%, compared to June 30, 2025, and an increase of $119,568, or 16.8% compared to September 30, 2024.
• Credit quality continues to remain solid with total non-performing assets (“NPA”) to loans at 85 bps at September 30, 2025 compared to 84 bps at June 30, 2025. Total non-performing assets increased $330, or 4.9%, to $7,063 at September 30, 2025, compared to $6,733 at June 30, 2025, and increased $1,933, or 37.7%, compared to $5,130 at September 30, 2024.
• Allowance for credit losses (“ACL”) to loans was 1.04% at September 30, 2025 compared to 1.00% in the prior quarter and 0.96% the same period a year ago.
• Tangible book value per common share, as of September 30, 2025 was $7.96, and increase of $1.29 compared to $6.67 as of June 30, 2025 and an increase of $1.35 compared to $6.61 as of September 30, 2024.

Chief Executive Officer (“CEO”) Commentary

Stacy Brantley, President and Chief Executive Officer of Citizens Holding Company stated, “I’m excited to report our earnings for the quarter which reflect continued progress and execution of our strategic plan. Our banking team produced strong directional results growing our margin, profitability, loans, credit reserves, and capital. The Company’s year to date net interest margin expanded 6 bps over the prior quarter and 56 bps over the same quarter for the prior year to 3.08%. As a result, net income for the quarter was up 27.6% over prior quarter and approximately 87% over organic earnings from the same quarter prior year, netting out bond losses recorded at liquidation during the period.

Loan growth continues to be the primary driver of net interest margin expansion and net income growth. Loan growth for the quarter was $13.21MM or 1.6% over the prior quarter-end and $119.6MM or 16.82% over the same quarter of the year. While we expect continued loan growth, we do anticipate slower growth in the next few quarters as pipelines remain solid but have shallowed. We were able to decrease our cost of funds by 3 bps during the quarter while increasing the yield on earning assets by 1 bp. Strengthened focus on disciplined CD pricing, retail deposit gathering, and treasury sales are the primary drivers contributing to lower cost of funds. We will continue to seek sound loan growth and low-cost deposits focusing on outstanding client service.

“Credit metrics remain strong with past dues and non-performing loans well within management established targets. The Company increased its ACL as a percentage of LHFI by 4 bps over the prior quarter-end to 1.04%. Provision for credit losses for the quarter was $551 versus $489 for the prior quarter and $0 for the linked prior quarter. This reflects the Company’s commitment to strengthen its balance sheet and fund reserves to accommodate loan growth.”

“The Company’s success remains rooted in its culture of service. Our growth and improved profitability are direct outtakes of our focus on and commitment to our culture and to outstanding service. Realignment of Risk Management and Human Resources through expansion of our management team is focused on driving culture forward in our organization and ensuring risk management infrastructure is well positioned to accommodate growth. The restructuring of our balance sheet over the last few quarters has driven improved profitability and allowed the company to grow capital while funding reserves through provisioning. We have implemented this restructuring with a parallel focus on building strong infrastructure and risk management practices. I look forward to continuing our momentum into the fourth quarter and delivering much improved results to our shareholders as we wrap up 2025.”

Financial Condition and Results of Operations

Loans and Deposits

Total loans outstanding, net of unearned income, as of September 30, 2025 totaled $831,202 compared to $817,992 at June 30, 2025 and $711,544 as of September 30, 2024.

Total deposits as of September 30, 2025 were $1,182,358 compared to $1,265,573 at June 30, 2025 and $1,092,738 as of September 30, 2024. The Company continues to focus on core deposit growth to not only fund future loan growth but to also minimize cost of funds.

Net Interest Income

Net interest income for the three months ended September 30, 2025 was $10,952, an increase of $255, or 2.5%, compared to $10,697 for the three months ended June 30, 2025, and an increase of $2,195, or 25.0%, compared to $8,757 for the three months ended September 30 2024. NIM was 3.20% for the three months ended September 30, 2025 compared to 3.08% for the three months ended June 30, 2025 and 2.52% for the same period in 2024.

The linked-quarter increase in net interest income is primarily a result of the increase in interest income of $413, or 2.3%, offset by an increase in interest expense of $158, or 2.3%, compared to the three months ended June 30, 2025. The increase from the same period ended September 30, 2024 is due to both an increase in interest income of $895, or 5.2% and a decrease in interest expense of $1,300, or 15.4%.

Net interest income for the nine months ended September 30, 2025 increased $6,414, or 25.3%, to $31,762 from $25,347 for the same period in 2024. The year-to-date NIM was 3.08% as of September 30, 2025 compared to 3.02% at June 30, 2025 and 2.50% for the same period in 2024.

The increase in net interest income for the nine months ended September 30, 2025 is attributable to both increases in interest income and decreases in interest expense when compared to the same period in 2024. Interest income increased $3,823, or 7.73% when compared to the same period in 2024. This increase is primarily the result of interest income on loans, including fees, increasing $7,879, or 23.4%, from $33,697 to $41,576 for the same period. Additionally, interest expense decreased $2,592, or 10.8%, to $21,503 for the nine months ended September 30, 2025 from $24,095 for the same period in 2024.

Credit Quality

The Company’s NPAs to loans was 85 bps at September 30, 2025 compared to 84 bps at June 30, 2025. Total non-performing assets increased $330, or 4.9%, to $7,063 at September 30, 2025, compared to $6,733 at June 30, 2025, and increased $1,933, or 37.7%, compared to $5,130 at September 30, 2024. The increase in NPAs relates to the foreclosure of 2 relationships totaling $929 partially offset by paydowns on nonaccrual loans.

Net losses were $141 for the nine months ended September 30, 2025. Year-to-date net losses to average loans were 0.02% at September 30, 2025 compared to 0.00% at September 30, 2024.

The provision for credit losses (“PCL”) for the three months ended September 30, 2025 was $551 compared to $489 for the linked quarter and $490 for the same period a year ago. The PCL was primarily driven by loan growth coupled with qualitative factor adjustments due to the current economic uncertainty. The ACL to LHFI increased 4 bps to 1.04% at September 30, 2025 from 1.00% at June 30, 2025 and 8 bps from 0.96% at September 30, 2024.

Liquidity and Capital

The Company manages a variety of liquidity metrics with the most pertinent metric being on-balance sheet (“OBS”) liquidity. The Company maintained a strong liquidity position with OBS liquidity of 14.9% at September 30, 2025.

In addition to the Company OBS liquidity, the Company has a variety of off-balance sheet sources should funding needs arise. The capacity to borrow from wholesale funding sources totaling $569,000, which consists of the following:

• $210,000 from the Federal Home Loan Bank of Dallas (“FHLB”)
• Approximately $211,000 in brokered deposit availability
• $98,000 of off-balance sheet deposits held in the IntraFi Network’s ICS deposit program
• $50,000 in availability with our correspondent Fed Funds lines

Additionally, the Company could provide additional collateral to the FHLB to increase the capacity there, should that avenue be needed.

The Company and the Bank remain in a strong capital position and well-capitalized. A comparison of the various regulatory ratios for the Company and the Bank are noted below:

		September 30, 2025				June 30, 2025				September 30, 2024
Citizens Holding Company
Tier 1 leverage ratio			7.44	%			7.34	%			7.21	%
Common Equity tier 1 capital ratio			10.90	%			10.77	%			11.39	%
Tier 1 risk-based capital ratio			10.90	%			10.77	%			11.39	%
Total risk-based capital ratio			11.80	%			11.62	%			12.18	%
The Citizens Bank
Tier 1 leverage ratio			8.30	%			8.25	%			8.24	%
Common Equity tier 1 capital ratio			12.08	%			12.01	%			12.91	%
Tier 1 risk-based capital ratio			12.08	%			12.01	%			12.91	%
Total risk-based capital ratio			12.97	%			12.86	%			13.69	%

Noninterest Income

Noninterest income increased for the three months ended September 30, 2025, by $392, or 15.2%, compared to the three months ended June 30, 2025, and increased by $1,644, or 123.9%, compared to the same period in 2024.

The increase quarter-over-quarter is primarily due to service charges on deposit accounts increasing $452, or 46.3%, to $1,428 for the three months ended September 30, 2025 from $976 for the three months ended June 30, 2025. Included in the increase of service charges on deposit accounts was an increase in overdraft charges of $94, or 14.0% to $767 for the three months ended September 30, 2025 from $673 for the three months ended June 30, 2025.

Noninterest income decreased for the nine months ended September 30, 2025, by ($1,033), or (10.9)%, from $9,504 to $8,471 for the nine months ended September 30, 2024.

The decrease year-over-year is primarily attributed to a gain from a sale-leaseback transaction in the first quarter of 2024 resulting in a gain of $4,535 which was offset by net losses of securities sold totaling ($2,562) during the nine months ended September 30, 2024. Additionally, no securities have been sold during the nine months ended September 30, 2025.

Noninterest Expense

Noninterest expense increased for the three months ended September 30, 2025, by $239, or 2.3%, compared to the three months ended June 30, 2025 and increased by $879, or 8.9%, compared to the same period in 2024.

Noninterest expense increased for the nine months ended September 30, 2025 by $2,260, or 7.8%, compared to the same period in 2024.

The increase year-over-year is primarily due to salaries and employee benefits increasing by $1,300, or 8.75%, to $16,163 for the nine months ended September 30, 2025 from $14,863 for the nine months ended September 30, 2024. The Bank is committed to recruiting and retaining top talent in its strategic markets.

Dividends

The Company has paid aggregate cash dividends in the amount of $226, or $0.04 per share, during the nine-month period ended September 30, 2025 compared to $2,705, or $0.48 per share, for the same period in 2024.

Citizens Holding Company
Financial Highlights
(amounts in thousands, except share and per share data)
	For the Three Months Ended							For the Nine Months Ended
	September 30,		June 30,		September 30,			September 30,		September 30
		2025		2025		2024			2025		2024
INTEREST INCOME
Loans, including fees	$	14,315	$	13,865	$	12,090		$	41,576	$	33,697
Investment securities		3,275		3,358		3,439			10,082		9,498
Other interest		528		482		1,694			1,607		6,247
		18,118		17,705		17,223			53,265		49,442
INTEREST EXPENSE
Deposits		4,709		4,610		5,214			13,660		15,714
Other borrowed funds		2,457		2,398		3,252			7,843		8,381
		7,166		7,008		8,466			21,503		24,095
NET INTEREST INCOME		10,952		10,697		8,757			31,762		25,347
PCL		551		489		-			1,679		490
NET INTEREST INCOME AFTER PCL		10,401		10,206		8,757			30,083		24,857
NONINTEREST INCOME
Service charges on deposit accounts		1,428		976		1,108			3,418		3,134
Other service charges and fees		1,087		1,156		910			3,330		3,095
Net losses on sales of securities		-		-		(988	)		-		(2,562	)
Gain on disposition of asset		-		-		-			-		4,535
Other noninterest income		456		448		297			1,723		1,338
		2,971		2,579		1,327			8,471		9,504
NONINTEREST EXPENSE
Salaries and employee benefits		5,541		5,336		5,042			16,163		14,863
Occupancy expense		1,143		621		1,857			3,308		3,061
Technology Expense		1,838		2,318		1,184			5,682		5,739
Other noninterest expense		2,192		2,201		1,753			6,197		5,428
		10,715		10,476		9,836			31,351		29,091
NET INCOME BEFORE TAXES		2,658		2,309		248			7,203		5,270
INCOME TAX EXPENSE (BENEFIT)		301		460		(70	)		1,146		1,097
NET INCOME	$	2,357	$	1,848	$	318		$	6,057	$	4,173
Earnings per share - basic	$	0.42	$	0.33	$	0.06		$	1.08	$	0.74
Earnings per share - diluted	$	0.42	$	0.33	$	0.06		$	1.08	$	0.74
Dividends paid	$	-	$	0.02	$	0.16		$	0.04	$	0.48
Average shares outstanding - basic		5,627,244		5,627,244		5,612,570			5,621,924		5,608,746
Average shares outstanding - diluted		5,630,639		5,630,639		5,612,570			5,626,279		5,609,999

Citizens Holding Company
Financial Highlights
Balance Sheet
			September 30,			September 30,								June 30,
(in thousands)				2025			2024								2025
Assets			(Unaudited)			(Unaudited)			Change			% Change		(Audited)			Change			% Change
Cash and due from banks			$	15,321		$	18,336		$	(3,015	)	-16.44	%	$	24,350		$	(9,029	)	-37.08	%
Interest bearing deposits with other banks				113,727			86,772			27,005		31.14	%		158,483			(44,756	)	-28.24	%
Cash and cash equivalents				129,047			105,057			23,990		22.83	%		182,833			(53,786	)	-29.42	%
Investment securities held-to-maturity, at amortized cost				357,028			374,633			(17,606	)	-4.70	%		361,740			(4,712	)	-1.30	%
Investment securities available-for-sale, at fair value				174,562			180,750			(6,188	)	-3.42	%		174,470			92		0.05	%
Loans held for investment (LHFI) (1)				831,202			711,544			119,568		16.82	%		817,992			13,210		1.61	%
Less allowance for credit losses (ACL), LHFI (1)				8,611			6,853			1,758		25.66	%		8,180			431		5.27	%
Net LHFI				822,591			704,691			117,900		16.73	%		809,813			12,778		1.58	%
Premises and equipment, net				20,185			20,217			(32	)	-0.16	%		20,253			(68	)	-0.33	%
Other real estate owned, net				1,939			967			972		100.55	%		1,014			925		91.19	%
Accrued interest receivable				5,524			4,902			622		12.69	%		5,732			(208	)	-3.63	%
Cash surrender value of life insurance				26,058			26,753			(695	)	-2.60	%		26.651			(593	)	-2.22	%
Deferred tax assets, net				25,884			25,832			52		0.20	%		27,267			(1,383	)	-5.07	%
Identifiable intangible assets, net				13,140			13,249			(109	)	-0.83	%		13,167			(27	)	-0.21	%
Other assets				17,244			18,746			(1,503	)	-8.02	%		17,484			(240	)	-1.38	%
Total Assets			$	1,593,202		$	1,475,798		$	117,404		7.96	%	$	1,640,424		$	(47,222	)	-2.88	%
Liabilities and Shareholders' Equity
Liabilities
Deposits:
Non-interest bearing deposits			$	283,066		$	252,309		$	30,756		12.19	%	$	292,339		$	(9,273	)	-3.17	%
Interest bearing deposits				899,293			840,429			58,864		7.00	%		973,234			(73,941	)	-7.60	%
Total deposits				1,182,358			1,092,738			89,620		8.20	%		1,265,573			(83,215	)	-6.58	%
Securities sold under agreement to repurchase				313,475			290,841			22,635		7.78	%		284,646			28,829		10.13	%
Borrowings on secured line of credit				13,900			15,500			(1,600	)	-10.32	%		13,900			-		0.00	%
Deferred compensation payable				9,494			9,655			(161	)	-1.67	%		9,511			(17	)	-0.18	%
Other liabilities				15,834			16,547			(713	)	-4.31	%		15,911			(77	)	-0.49	%
Total liabilities				1,535,601			1,425,281			109,780		7.70	%		1,589,541			(54,480	)	-3.43	%
Shareholders' Equity
Common stock, $0.20 par value, 22,500,000 shares authorized,
Issued and outstanding: 5,653,753 shares – September 30, 2025;
5,637,061 shares – September 30, 2024; and
5,653,753 shares – June 30, 2025				1,129			1,125			4		0.32	%		1,128			1		0.05	%
Additional paid-in capital				18,786			18,672			113		0.61	%		18,759			27		0.14	%
Accumulated other comprehensive loss, net of tax
benefit of $22,847 at September 30, 2025,
$23,305 at September 30, 2024; and
$24,715 at June 30, 2025				(68,841	)		(70,102	)		1,261		-1.80	%		(73,714	)		4,873		-6.61	%
Retained earnings				107,068			100,822			18,672		6.19	%		104,711			2,357		2.25	%
Total shareholders' equity				58,141			50,517			7,623		15.09	%		50,884			7,257		14.26	%
Total liabilities and shareholders' equity			$	1,593,202		$	1,475,798		$	117,404		7.96	%	$	1,640,424		$	(47,223	)	-2.88	%

SELECTED FINANCIAL INFORMATION

		September 30,			June 30,			September 30,
			2025			2025			2024
Dollars in thousands, except per share data		(Unaudited)			(Audited)			(Unaudited)
Per Share Data
Basic Earnings per Common Share		$	0.42		$	0.33		$	0.06
Diluted Earnings per Common Share			0.42			0.33			0.06
Dividends per Common Share			-			0.02			0.16
Book Value per Common Share			10.28			9.00			8.96
Book Value per Common Share (ex-OCI)			22.46			22.10			21.40
TBV per Common Share			7.96			6.67			6.61
TBV per Common Share (ex-OCI)			20.14			19.71			19.05
Closing Market Price per Common Share			6.60			8.45			9.03
Closing Price to TBV			82.80	%		126.66	%		241.67	%
Average Diluted Shares Outstanding			5,630,639			5,630,639			5,612,570
End of Period Common Shares Outstanding			5,653,753			5,653,753			5,637,061
Annualized Performance Ratios
Return on Average Assets			0.54	%		0.49	%		0.38	%
Return on Average Equity			15.97	%		14.91	%		12.10	%
Equity/Assets			3.65	%		3.10	%		3.42	%
Equity/Assets (ex-OCI)			7.97	%		7.60	%		8.17	%
Yield on Earning Assets			5.07	%		5.06	%		4.79	%
Cost of Funds			2.45	%		2.48	%		2.77	%
Net Interest Margin			3.08	%		3.02	%		2.50	%
Credit Metrics
Allowance for Loan Losses to Total Loans			1.04	%		1.00	%		0.96	%
Non-performing assets to loans			0.85	%		0.84	%		0.73	%

SUPPLEMENTAL INFORMATION
NET INCOME, CORE
		For the Three Months Ending								For the Nine Months Ending
		September 30,			June 30,		September 30,			September 30,			September 30,
			2025			2025		2024			2025			2024
NET INCOME (GAAP)		$	2,357		$	1,848	$	318		$	6,057		$	4,173
Gain on sale-leaseback transaction			-			-		-			-			(4,535	)
Loss on sale of securities			-			-		988			-			2,562
Gain on proceeds from BOLI policy			(300	)		-		-			(554	)		-
Tax Expense (Benefit)			(75	)		-		(247	)		(138	)		492
NET INCOME, CORE		$	1,982		$	1,848	$	1,059		$	5,365		$	3,416

Citizens Holding Company is a one-bank holding company and the parent company of the Bank, both headquartered in Philadelphia, Mississippi. The Bank currently has locations in fourteen counties throughout the state of Mississippi. In addition to full service commercial banking, the Company offers mortgage loans, title insurance services through third party partnerships and a full range of Internet banking services including online banking, bill pay and cash management services for businesses. Internet services are available at the Bank web site, www.thecitizensbankphila.com. Citizens Holding Company stock is listed on the OTCQX Best Market and is traded under the symbol CIZN. The Company's transfer agent is American Stock Transfer & Trust Company. Investor relations information may be obtained at the corporate website, https://www.thecitizensbankphila.com/investor-relations.

Cautionary Note Regarding Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this release regarding the Company’s financial position, results of operations, business strategies, plans, objectives and expectations for future operations, are forward looking statements. The Company can give no assurances that the assumptions upon which such forward-looking statements are based will prove to have been correct. Forward-looking statements speak only as of the date they are made. The Company does not undertake a duty to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions. The risks and uncertainties that may affect the operation, performance, development and results of the Company’s and the Bank’s business include, but are not limited to, the following: (a) the risk of adverse changes in business conditions in the banking industry generally and in the specific markets in which the Company operates; (b) our ability to mitigate our risk exposures; (c) changes in the legislative and regulatory environment that negatively impact the Company and Bank through increased operating expenses; (d) increased competition from other financial institutions; (e) the impact of technological advances; (f) expectations about the movement of interest rates, including actions that may be taken by the Federal Reserve Board in response to changing economic conditions; (g) changes in asset quality and loan demand; (h) expectations about overall economic strength and the performance of the economics in the Company’s market area; and (i) other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission. Should one or more of these risks materialize or should any such underlying assumptions prove to be significantly different, actual results may vary significantly from those anticipated, estimated, projected or expected.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251028564834/en/

Citizens Holding Company, Philadelphia

Phillip R. Branch, 601/519-4016

Phillip.branch@thecitizensbank.bank

Source: Citizens Holding Company

FAQ

What were Citizens Holding Company (OTCQX:CIZN) Q3 2025 earnings per share?

Citizens reported Q3 2025 EPS of $0.42 basic and diluted.

How much did Citizens' loans grow by September 30, 2025?

Loans held for investment totaled $831.2M, an increase of 16.8% year-over-year.

What was Citizens' net interest margin (NIM) for Q3 2025 and year-to-date?

NIM was 3.20% for Q3 2025 and 3.08% year-to-date.

Did Citizens report any asset-quality deterioration in Q3 2025?

Yes. Total non-performing assets rose to $7.063M, or 85 bps of loans, up 37.7% YoY.

What is Citizens' liquidity and capital position as of September 30, 2025?

OBS liquidity was 14.9% and regulatory capital ratios remained strong (Tier 1 leverage ~7.44% for the company and ~8.30% for the bank).