From GlobeNewswire: 2025-04-28 08:30:00

Citizens Community Bancorp, Inc. reported first-quarter earnings of $3.2 million, with earnings per diluted share of $0.32. This was an improvement from the previous quarter but a decrease from the same quarter last year. The company’s operating results showed a decrease in net interest income, a smaller negative provision for credit losses, and higher non-interest income.

Book value per share improved to $18.02 at the end of March 2025, compared to $17.94 at the end of December 2024. Tangible book value per share was $14.79 at the end of March 2025, showing a 10.1% increase from the same period last year. Stockholders’ equity as a percentage of total assets was 10.12%.

The company’s CEO, Stephen Bianchi, expressed satisfaction with the results, highlighting a strong balance sheet, good capital and liquidity positions, and stable markets. The company expects loan growth and net-interest margin expansion in the second half of 2025 and throughout 2026.

Total deposits increased, while loans receivable decreased during the quarter. The company repaid its last remaining Federal Home Loan Bank advance, resulting in no advances at the end of March 2025. The company did not repurchase any common stock in the first quarter of 2025.

The efficiency ratio for the quarter ended March 31, 2025, was 73%, an improvement from the previous quarter. Non-interest income increased, while non-interest expense decreased. Provision for income taxes also increased, with an effective tax rate of 19.6% for the quarter.

Citizens Community Bancorp, Inc. provided detailed information on its loan composition, nonperforming assets, average balances, interest yields, and rates. The company also shared key financial metric ratios, including return on average assets, return on average equity, and efficiency ratio. The company emphasized the use of non-GAAP financial measures for a better understanding of its financial performance.



Read more at GlobeNewswire:: Citizens Community Bancorp, Inc. Reports First Quarter 2025