Quarterly ResultJul 27, 2026, 08:31 AM
Citizens Community Bancorp Q2 Earnings $1.1M, down from $3.8M in Q1
AI Summary
Citizens Community Bancorp reported a significant drop in Q2 2026 earnings, with net income falling to $1.1 million ($0.11 diluted EPS) from $3.8 million ($0.39 diluted EPS) in Q1 2026. This decline was primarily driven by a substantial increase in the provision for credit losses to $4.33 million and a rise in nonperforming assets to $32.4 million. Despite these challenges, the company saw positive developments including a $0.5 million increase in net interest income, a 4 basis point expansion in net interest margin to 3.22%, and 1.8% loan growth. The Board also declared a quarterly dividend of $0.105 per share.
Key Highlights
- Q2 2026 net income was $1.1 million, down from $3.8 million in Q1 2026.
- Diluted EPS for Q2 2026 was $0.11, compared to $0.39 in Q1 2026.
- Provision for credit losses increased to $4.33 million in Q2 2026 from $0.75 million in Q1 2026.
- Nonperforming assets rose by $14.2 million to $32.4 million at June 30, 2026.
- Net interest income increased $0.5 million to $13.5 million in Q2 2026.
- Net interest margin expanded by 4 basis points to 3.22% in Q2 2026.
- Loans receivable grew by $24.7 million (1.8%) to $1.383 billion.
- The Board approved a quarterly dividend of $0.105 per share.
Price Impact
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