Citizens Community Bancorp reports $1.1 million net income

• Citizens Community Bancorp reported a second-quarter net income of $1.1 million, down from $3.8 million in the first quarter.
• The bank increased its allowance for credit losses to $25.9 million due to issues with three commercial loan relationships.
• The company stated that pre-provision net revenue rose to $5.56 million driven by higher net interest income and loan growth.

Citizens Community Bancorp (NASDAQ:CZWI) reported second-quarter 2026 net income of $1.1 million following higher credit loss provisions.

This figure represents a sharp drop from the $3.8 million recorded in the first quarter of 2026.

The institution attributed the increased credit provisions directly to three specific commercial loan relationships that impacted overall profitability.

Nonperforming assets increased by $14.2 million to reach $32.4 million, pushing the total allowance for credit losses to $25.9 million.

The bank stated that pre-provision net revenue rose 3.3% sequentially to $5.56 million as net interest income expanded.

Alongside a $24.7 million growth in overall loans, the board approved a $0.105 per share quarterly dividend.