Citizens Community Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 27, 2020 at 01:42 pm
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Citizens Community Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 11.775 million compared to USD 10.040 million a year ago. Net income was USD 3.169 million compared to USD 1.261 million a year ago. Basic earnings per share was USD 0.28 compared to USD 0.12 a year ago. For the full year, net interest income was USD 43.513 million compared to USD 32.816 million a year ago. Net income was USD 9.463 million compared to USD 4.204 million a year ago. Basic earnings per share was USD 0.85 compared to USD 0.58 a year ago. Diluted earnings per share was USD 0.85 compared to USD 0.49 a year ago.
Citizens Community Bancorp, Inc. is a bank holding company for Citizens Community Federal N.A. (the Bank). The Bank is a federally chartered national bank serving customers in Wisconsin and Minnesota. Its primary markets include the Chippewa Valley Region in Wisconsin, the Twin Cities and Mankato markets in Minnesota, and various rural communities around these areas. The Bank offers traditional community banking services to businesses, agricultural operators and consumers, including one-to-four family residential mortgages. The Bank offers a variety of loan products including commercial real estate loans, commercial and industrial (C&I) loans, agricultural real estate loans, agricultural operating loans, residential mortgages, home equity lines-of-credit and consumer loans. It maintains a portfolio of investments, consisting primarily of mortgage-backed securities, asset-backed securities, United States Government sponsored agency securities and corporate debt securities.