Citizens Community ( (CZWI) ) has released its Q2 earnings. Here is a breakdown of the information Citizens Community presented to its investors.
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Citizens Community Bancorp, Inc., a financial institution headquartered in Altoona, Wisconsin, operates primarily in the banking sector, offering traditional community banking services across Wisconsin and Minnesota through its subsidiary, Citizens Community Federal N.A.
In its latest earnings report for the second quarter of 2025, Citizens Community Bancorp, Inc. announced earnings of $3.3 million, translating to $0.33 per diluted share. This marks a slight increase from the previous quarter’s earnings of $3.2 million or $0.32 per share, but a decrease from the $3.7 million or $0.35 per share reported in the same quarter last year. The company’s board also authorized a 5% stock buyback, reflecting confidence in its financial stability.
Key financial highlights include a notable increase in net interest income, which rose by $1.7 million to $13.3 million, driven by loan payoffs and higher asset yields. The net interest margin improved by 42 basis points to 3.27%. However, the provision for credit losses increased to $1.35 million, influenced by a rise in delinquencies and changes in macroeconomic assumptions. Additionally, non-interest income saw a modest increase, while non-interest expenses rose slightly due to higher compensation costs.
The company’s balance sheet showed a decrease in total assets by $44.8 million to $1.735 billion, with a corresponding drop in deposits by $45.2 million. Despite these declines, the tangible book value per share improved to $15.15, and the tangible common equity ratio increased to 8.89%. The efficiency ratio also improved to 66% from 73% in the previous quarter, indicating better cost management.
Looking ahead, Citizens Community Bancorp, Inc. remains optimistic about its business activity, expecting an acceleration in the second half of 2025. The company continues to focus on maintaining strong asset quality and managing credit risks effectively, while leveraging its market presence to drive growth in its core banking operations.