Citizens Community Bancorp, Inc. filings document the regulatory disclosures of a Maryland bank holding company whose common stock trades on the Nasdaq Global Market under CZWI. Form 8-K reports furnish earnings releases, earnings supplements and presentations for Citizens Community Federal N.A., with disclosures on results of operations, net interest trends, loan and deposit activity, asset and credit quality, profitability and forward-looking statements.
Other filings record board-authorized capital actions, including cash dividends and stock repurchase programs, as well as Regulation FD presentations and director governance events. The definitive proxy statement covers board matters, executive compensation, shareholder voting topics and equity-award disclosures for named executive officers.
Amendment No. 3 to a Schedule 13D reports that a group of individual investors, including Gale Hoese and Andrew, Jill, David, Denise and Joseph Schornack, Jonathan Hoese, Tamara Retka and Noah Retka, beneficially own 878,472.49 shares of Citizens Community Bancorp common stock, or 9.1% of the class, as of July 7, 2026.
They state they acquired the shares for investment, believe the stock is undervalued relative to intrinsic value, long-term earnings potential and franchise value, and describe themselves as experienced community banking operators who see attractive deposit-gathering, credit discipline and regional market positioning in Wisconsin and Minnesota.
The group may buy or sell additional shares and is engaging with management and the board. On July 27, 2026 they discussed potential changes to board composition, including adding their nominees, and they may later propose governance, capitalization, ownership-structure or extraordinary transactions such as a merger, business combination, recapitalization or restructuring.
BlackRock, Inc. reports beneficial ownership of common stock of Citizens Community Bancorp Inc (CZWI) on a Schedule 13G. BlackRock and certain of its business units beneficially own 614,967 shares, representing 6.4% of the outstanding common stock.
BlackRock has sole voting power over 606,334 shares and sole dispositive power over 614,967 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of the total outstanding common shares.
Citizens Community Bancorp, Inc. reported net income of $1.1 million, or $0.11 per diluted share, for the quarter ended June 30, 2026, versus $3.8 million ($0.39) in the prior quarter and $3.3 million ($0.33) a year earlier. For the first six months of 2026, earnings were $4.9 million, or $0.50 per diluted share.
Results were pressured by a sharply higher $4.33 million provision for credit losses, largely tied to three commercial loan relationships that moved to substandard nonaccrual status, and charge-offs of $1.42 million. Nonperforming assets rose to $32.4 million, or 1.79% of total assets, and nonperforming loans reached 2.28% of total loans.
Core performance remained relatively solid: net interest income increased to $13.5 million, net interest margin improved to 3.22%, and pre-provision net revenue grew to $5.56 million. Tangible book value per share rose to $16.55, tangible common equity to tangible assets was 8.96%, and deposits totaled $1.55 billion with 80% insured or collateralized. The board declared a quarterly dividend of $0.105 per share, payable August 21, 2026.
A group of individual investors led by Gale Hoese filed Amendment No. 2 to a Schedule 13D reporting a significant stake in Citizens Community Bancorp, Inc. common stock. As of July 7, 2026, they may be deemed to beneficially own 878,472.49 shares, or 9.1% of the 9,644,112 shares outstanding as of May 6, 2026.
Within the group, Hoese holds 700,000 shares, while other members, including Andrew and Jill Schornack and related family members, hold smaller positions. The filing details numerous recent open‑market purchases in early July 2026 at prices mainly around $23–$24 per share, highlighting active accumulation of CZWI stock.
Citizens Community Bancorp Inc. investors led by Gale Hoese and members of the Schornack, Hoese and Retka families filed an amended Schedule 13D. As of June 26, 2026, they may be deemed to beneficially own 720,987.11 shares of common stock, or 7.5% of the 9,644,112 shares outstanding as of May 6, 2026. The largest individual holding is 558,000 shares by Gale Hoese, with smaller positions held by the other reporting persons. The amendment also discloses a series of June 2026 open‑market trades, including multiple purchases by Gale Hoese generally between $20.75 and $22.91 per share and a 1,000‑share purchase by David Schornack at $20.95 per share.
Citizens Community Bancorp, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on June 16, 2026. A total of 9,628,612 shares of common stock were eligible to vote.
Stockholders elected Michael Conner (5,621,999 votes for), Francis Felber (5,429,851 votes for), and Nicholas Amundsen (5,587,434 votes for) as directors. They also approved the 2026 Omnibus Incentive Plan with 5,872,050 votes for, 853,213 against, and 7,442 abstentions. An advisory, non-binding proposal on executive compensation was approved with 5,548,511 votes for, 1,154,581 against, and 29,613 abstentions.
Stockholders further ratified the appointment of Crowe LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 7,230,943 votes for and 602,361 against.
Citizens Community Bancorp Inc. director Francis E. Felber reported an internal restructuring of how his shares are held, rather than an open-market trade. On September 9, 2025, Ag Risk Managers LLC, an entity of which he is a member and president, distributed its Citizens Community Bancorp common stock to its members.
Felber received 3,845 shares from this LLC distribution, reflecting his pecuniary interest. Following the transactions reported for that date, he held 23,795 shares directly, 12,690 shares indirectly through a self-directed IRA, and 0 shares indirectly through the LLC. The Form 4 characterizes the LLC-related movements as “Other acquisition or disposition,” indicating entity-level restructuring rather than a conventional purchase or sale.
Citizens Community Bancorp Inc. has a new 6.3% shareholder group led by community banking executive Gale Hoese and several Schornack and Retka family members. As of June 2, 2026, they may be deemed to beneficially own 611,987.11 shares of common stock out of 9,644,112 shares outstanding as of May 6, 2026.
The group says it acquired the stake for investment purposes and believes the shares are undervalued relative to Citizens Community’s intrinsic value, long-term earnings potential, and franchise value. Members describe themselves as experienced community banking operators and view the bank’s deposit base, credit discipline, and Wisconsin and Minnesota footprint as attractive.
They state they may buy more shares or sell some in open-market or private transactions depending on price, company developments, and market conditions. They may also discuss strategy, governance, capitalization, ownership structure, and possible extraordinary transactions such as mergers or recapitalizations with management, the board, other shareholders, or industry participants.
Citizens Community Bancorp CEO and President Stephen M. Bianchi reported an option exercise involving company stock. He exercised a Common Stock Option to acquire 5,000 shares of common stock at $11.00 per share, converting a derivative position into directly held shares.
Following the transaction, he holds 92,604 common shares directly. A separate holding entry shows an additional 53,480 common shares held indirectly through his self-directed IRA. The filing shows no open-market purchases or sales, only the option exercise and updated holdings.
Citizens Community Bancorp Inc. executive vice president and CFO James S. Broucek exercised stock options for 2,000 shares of common stock at $13.6000 per share. Following the exercise, he directly owns 24,096 common shares and indirectly holds 43,314 shares through a self-directed IRA. He also continues to hold 6,000 common stock options, which are scheduled to expire on October 31, 2027. These options were granted under the company’s 2008 Equity Incentive Plan.