Citizens Community Bancorp Inc. (CZWI) reported a decrease in second-quarter profit, with earnings dropping to $3.27 million from $3.68 million in the same quarter last year. The company’s Board approved a 5% stock buyback, allowing up to 499,000 shares to be repurchased to enhance shareholder value. Earnings per share were $0.33, down from $0.35 in the previous year. Revenues increased to $22.50 million from $22.46 million, while non-interest income rose to $2.8 million. Currently, shares of Citizens Community are trading at $15.03, up 1.76 percent.

Read more at Nasdaq.: Citizens Community Q2 Earnings Fall, Board Approves 5% Stock Buyback