Welcome to our dedicated page for Citizens Holding news (Ticker: CIZN), a resource for investors and traders seeking the latest updates and insights on Citizens Holding stock.
Citizens Holding Company (NASDAQ: CIZN) provides essential financial services as a Mississippi-chartered community bank. This news hub delivers authorized updates about CIZN's operations, including regulatory filings, strategic partnerships, and customer-focused initiatives.
Access real-time announcements ranging from quarterly earnings to branch network developments. Our curated news stream serves investors analyzing regional banking trends and local businesses monitoring financial service enhancements.
Discover updates on loan program expansions, digital banking improvements, and community reinvestment projects. Each entry maintains strict adherence to SEC disclosure standards and corporate communication protocols.
Bookmark this page for streamlined tracking of CIZN's progress in serving Mississippi communities since 1908. Combine historical context with current developments through our organized news chronology.
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Citizens Holding Company (CIZN) reported strong financial results for the first quarter of 2024, with a significant increase in net income, total revenues, and non-interest income. The company's loans held for investment and total deposits also showed positive growth. CEO Stacy Brantley highlighted strategic transactions aimed at improving net interest income and balance sheet strength. Despite solid performance, the shift from non-interest bearing to interest-bearing deposits poses margin expansion challenges. Credit quality remained robust, with a decrease in non-performing assets. The company's liquidity and capital position are strong, with reliance on wholesale funding. Overall, Citizens Holding Company demonstrated resilience and strategic focus in a challenging banking environment.
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Citizens Holding Company reported strong financial performance in the first quarter of 2024, with a significant increase in net income and total revenues. The company's net income rose to $2,868, or $0.51 per share, a substantial improvement from the previous quarter. Total revenues reached $21,213, driven by a one-time gain on a sale-leaseback transaction. Loans held for investment increased, reflecting the company's strong liquidity position. Credit quality remained solid, with a decrease in non-performing assets. The CEO highlighted strategic transactions to enhance net interest income and balance sheet stability. Despite challenges in margin expansion due to shifting deposit trends, the company anticipates continued growth and value creation for shareholders.
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Citizens Holding Company (CIZN) declares a quarterly dividend of $0.16 per share, with a dividend yield of approximately 8%. The dividend is payable on March 29, 2024, to shareholders of record as of March 14, 2024, showcasing the company's commitment to value return.
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Citizens Holding Company (CIZN) announced a net loss for the three months ended December 31, 2023, with a decrease in net income compared to the same period in 2022. Despite this, there was an increase in total revenues, primarily due to an increase in interest income attributed to loan growth and higher interest rates. The company's loan growth, credit metrics, and strong capital position are highlighted, but net interest income and noninterest income have seen decreases. The CEO expressed optimism about the company's strategic restructuring and balance sheet repositioning to add long-term value for shareholders.
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Citizens Holding Company (CIZN) has executed an agreement for the sale-leaseback of 3 properties, expecting to realize a pre-tax gain of approximately $4.5 million. The transaction closed on January 19, 2024, with an aggregate cash purchase price of $11 million. The CFO emphasized the positive impact on the company's balance sheet, future growth plans, and value realization.
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Citizens Holding Company (CIZN) to Voluntarily Delist from NASDAQ and Deregister Common Stock
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Citizens Holding Company (CIZN) declares a quarterly dividend of $0.16 per share on its common stock, reflecting a dividend yield of approximately 6%. CEO Stacy Brantley emphasizes the company's commitment to returning value to shareholders amidst persistent earnings headwinds and a focus on repositioning the balance sheet for improved profitability and managing interest rate risk.
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Citizens Holding Company announces Q3 2023 results with net income of $1,207, a linked-quarter increase of 302.33%. Total revenues increase by 19.27% due to rising interest rates. Loans held for investment increase by 2.18%. NPAs decrease by 4.13%. CEO expects deposit costs to rise slightly.
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Citizens Holding Company declares quarterly dividend of $0.16 per share on common stock.
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Citizens Holding