Citizens Community Bancorp Inc.

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.

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.

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.

Citizens Community Bancorp, Inc. filed its definitive proxy statement for the Annual Meeting of Stockholders to be held on June 16, 2026. Stockholders will vote on the election of three directors, the approval of the 2026 Omnibus Incentive Plan, a non-binding advisory proposal on executive compensation, and the ratification of Crowe LLP as the independent registered public accounting firm. The record date for voting is April 10, 2026.

Citizens Community Bancorp Inc. reported Q1 2026 earnings of $0.39 per diluted share, down from $0.44 in Q4 2025 but up from $0.32 in Q1 2025. The company saw loan growth of 1.3% and deposit growth of 2.7%, with net interest margin increasing by 3 basis points. The Board of Directors also approved a quarterly cash dividend of $0.105 per share. However, the provision for credit losses increased, and nonperforming assets rose by $1.5 million.

Citizens Community Bancorp reported Q1 2026 net income of $3.8 million, or $0.39 per diluted share, a decrease from Q4 2025 but an increase from Q1 2025. The company saw strong loan growth of $17.9 million and deposit growth of 2.7% to $1.57 billion. Net interest margin improved by 3 basis points to 3.18%, and the efficiency ratio improved to 66%. The Board declared a quarterly dividend of $0.105 per share.

Citizens Community Bancorp, Inc. announced that Michael L. Swenson, a long-serving member of its Board of Directors, will not stand for re-election at the upcoming 2026 annual meeting of stockholders. Mr. Swenson, who has been on the Board since May 2011, will continue his service until the meeting on June 16, 2026. The company stated that his decision is not a result of any disagreement with the company.