Quarterly ResultJul 27, 2026, 09:01 AM
Citizens Community Bancorp Q2 EPS $0.11; Declares $0.105 Dividend
AI Summary
Citizens Community Bancorp, Inc. reported Q2 2026 earnings of $1.1 million, or $0.11 per diluted share, a significant decrease from $3.8 million ($0.39 EPS) in the prior quarter, primarily due to a $3.6 million increase in the provision for credit losses. The company's Board of Directors approved a quarterly cash dividend of $0.105 per share. Despite the earnings decline, the company saw positive loan growth of $24.7 million, an increase in net interest margin by 4 basis points, and an increase in book value per share to $19.83. Nonperforming assets, however, increased substantially to $32.4 million.
Key Highlights
- Q2 2026 diluted EPS was $0.11, a decrease from $0.39 in Q1 2026.
- Net income for Q2 2026 was $1.1 million, down from $3.8 million in Q1 2026.
- The Board declared a quarterly cash dividend of $0.105 per share.
- Provision for credit losses increased to $4.33 million in Q2 2026 from $0.75 million.
- Nonperforming assets rose to $32.4 million at June 30, 2026, from $18.2 million.
- Net interest income increased $0.5 million to $13.5 million in Q2 2026.
- Book value per share increased to $19.83 at June 30, 2026.
- Loans receivable increased $24.7 million, or 1.8%, during the quarter.
Price Impact
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