Citizens Community Bancorp reports Q2 EPS 33c vs 36c last year

Net interest income increased $1.7 million to $13.3 million for the current quarter ended June 30, 2025, from $11.6 million for the quarter ended March 31, 2025, and from $11.6 million for the quarter ended June 30, 2024. Book value per share improved to $18.36 at June 30, 2025, compared to $18.02 at March 31, 2025, and $17.10 at June 30, 2024. “The quarter was solid overall with continued margin improvement of 15 bps to 3.00% (42 bps reported), strong net interest income which increased 9.4% from the linked quarter and in line non-interest expense contributed to the solid $0.33 in earnings per share. Tangible book value was higher by 2.4% from the linked quarter to $15.15 and the tangible common equity ratio improved to 8.9%. Asset quality was mixed with nonperforming assets and classified loans decreasing by $1.5 million and $1.7 million, respectively, while one $9 million multi-family relationship was added to special mention loans. Good credit administration practices kept net charge-offs manageable at $16 thousand for the quarter and the allowance to credit losses to total loans increased from 1.49% to 1.59% and the allowance to credit losses to nonperforming loans increased to 176% versus 148% compared to the prior quarter. Business activity in our markets continues to be good and seems poised to accelerate in the second half of 2025,” stated Stephen Bianchi, Chairman, President, and Chief Executive Officer.