Quarterly ResultMay 6, 2026, 04:10 PM
Citizens Community Bancorp Q1 Net Income $3.76M; EPS $0.39; Dividend Cut
AI Summary
Citizens Community Bancorp Inc. reported a significant increase in net income and basic earnings per share for the three months ended March 31, 2026. Net income rose 17.45% to $3.76 million, with EPS climbing 21.88% to $0.39. The company also saw growth in net interest income and non-interest income, alongside an increase in total assets and deposits. However, the cash dividend paid per share was substantially reduced by 70.83% to $0.105, and the provision for credit losses shifted from a reversal to a positive provision.
Key Highlights
- Net income attributable to common stockholders increased 17.45% to $3.76 million.
- Basic earnings per share rose 21.88% to $0.39.
- Net interest income before provision for credit losses grew 12.21% to $13.01 million.
- Total non-interest income increased 19.51% to $3.10 million.
- Provision for credit losses was $750 thousand, compared to a $250 thousand reversal in prior year.
- Cash dividends paid per share decreased 70.83% to $0.105.
- Total assets increased to $1.82 billion as of March 31, 2026.
- Deposits grew to $1.57 billion as of March 31, 2026.
Price Impact
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