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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Citizens Community Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Citizens Community Bancorp's position in the market.
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.
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%.
FAQ
What is the current stock price of Citizens Community Bancorp (CZWI)?
What is the market cap of Citizens Community Bancorp (CZWI)?
