Citizens Community Q3 earnings jump to $0.56 per share

• Citizens Community Bancorp reported third-quarter 2026 net income of $5.4 million, compared with $1.1 million in the previous quarter and $3.7 million a year earlier, while diluted earnings reached $0.56 per share.
• Net interest income increased to $14.5 million, while the provision for credit losses declined sharply to $130,000 from $4.33 million in the second quarter.
• The company announced a 14% increase in its quarterly dividend to $0.12 per share, payable November 20, 2026, as loans reached $1.389 billion and deposits totaled $1.537 billion.

Citizens Community Bancorp (NASDAQ:CZWI) reported third-quarter 2026 net income of $5.4 million, compared with $1.1 million in the preceding quarter and $3.7 million a year earlier, while diluted earnings reached $0.56 per share.

Net interest income increased to $14.5 million from $13.5 million in the second quarter, while the provision for credit losses dropped to $130,000 from $4.33 million, contributing significantly to the sequential earnings recovery.

The company's board approved a 14% increase in its quarterly dividend to $0.12 per share, reflecting its decision to raise shareholder distributions following improved quarterly profitability.

Total loans increased $5.9 million sequentially to $1.389 billion, while total deposits declined $17.7 million to $1.537 billion as the company continued managing its funding and lending portfolios.

The dividend is payable November 20, 2026, to shareholders of record on November 6, while book value per share increased to $19.91 from $19.83 at the end of June.

Substandard loans increased $12.4 million to $47.6 million, although nonperforming assets declined slightly to $32.2 million from $32.4 million in the preceding quarter.

For the first nine months of 2026, Citizens Community Bancorp reported net income of $10.3 million, compared with $10.1 million a year earlier, as its Wisconsin-based banking operations benefited from improved quarterly net interest income and lower credit-loss provisions.