{"id":954849,"date":"2026-04-27T09:37:03","date_gmt":"2026-04-27T13:37:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/citizens-community-bancorp-inc-reports-first-quarter-2026-earnings-of-0-39-per-share-board-approves-quarterly-dividend-at-0-105-per-share\/"},"modified":"2026-04-27T09:37:03","modified_gmt":"2026-04-27T13:37:03","slug":"citizens-community-bancorp-inc-reports-first-quarter-2026-earnings-of-0-39-per-share-board-approves-quarterly-dividend-at-0-105-per-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citizens-community-bancorp-inc-reports-first-quarter-2026-earnings-of-0-39-per-share-board-approves-quarterly-dividend-at-0-105-per-share\/","title":{"rendered":"Citizens Community Bancorp, Inc. Reports First Quarter 2026 Earnings of $0.39 Per Share; Board Approves Quarterly Dividend at $0.105 per Share"},"content":{"rendered":"
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EAU CLAIRE, Wis., April 27, 2026 (GLOBE NEWSWIRE) — Citizens Community Bancorp, Inc. (the \u201cCompany\u201d) (Nasdaq: CZWI), <\/strong>the parent company of Citizens Community Federal N.A. (the \u201cBank\u201d or \u201cCCFBank\u201d), today reported earnings of $3.8 million and earnings per diluted share of $0.39 for the first quarter ended March 31, 2026, compared to $4.3 million and earnings per diluted share of $0.44 for the quarter ended December 31, 2025, and $3.2 million and $0.32 earnings per diluted share for the quarter ended March 31, 2025, respectively.<\/p>\n

The Company\u2019s first quarter 2026 operating results reflected the following changes from the fourth quarter of 2025: (1) loan growth of $17.9 million, or 1.3%; (2) deposit growth of 2.7% to $1.57 billion; (3) an increase in net interest margin of 3 basis points highlighted by a 5 basis points increase in loan yields and an 8 basis point decline in deposit costs partially offset by a decline in cash and investment yields; (4) a slight decrease in net interest income largely due to the impact of 2 fewer business days during the first quarter; (5) increased provision for credit losses of $0.55 million; (6) higher non-interest income of $0.4 million; (7) higher non-interest expense of $0.1 million; and (8) higher tax expense of $0.3 million.<\/p>\n

Book value per share improved to $19.82 at March 31, 2026, compared to $19.54 at December 31, 2025, and $18.02 at March 31, 2025. Tangible book value per share (non-GAAP)1<\/sup> was $16.52 at March 31, 2026, compared to $16.23 at December 31, 2025, and increased 11.7% from $14.79 at March 31, 2025. For the first quarter of 2026, the increase in tangible book value was primarily due to the increase in net income in the quarter, along with the impact of lower unrealized losses on the available for sale investment portfolio, partially offset by payment of the quarterly dividend. Stockholders\u2019 equity as a percentage of total assets was 10.47% at March 31, 2026, compared to 10.55% at December 31, 2025, with the decline largely due to modest asset growth. Tangible common equity (\u201cTCE\u201d) as a percent of tangible assets (non-GAAP)1<\/sup> was 8.88% at March 31, 2026, compared to 8.92% at December 31, 2025.<\/p>\n

\u201cLoan and deposit growth held strong even during the seasonal low point of our year with loans expanding at an annualized rate of 5.3% from the linked quarter. Mortgage and government guaranteed lending activities were a bright spot during the quarter and expenses were well-managed. Loan pipelines remain solid entering April as we approach balance sheet repricing in the back half of the year. There was no share buyback activity in the quarter, although 113 thousand shares remained under the current buyback authorization. Our capital position remained strong with TCE of 8.9% to support organic growth, dividends, share buybacks and M&A activity,\u201d stated Stephen Bianchi, Chairman, President, and Chief Executive Officer.
March 31, 2026, Highlights: <\/strong><\/p>\n