Citizens Community Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 09:06 pm
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Citizens Community Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 12.12 million compared to USD 14.46 million a year ago. Net income was USD 2.5 million compared to USD 3.99 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.38 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 0.38 a year ago.
For the nine months, net interest income was USD 36.6 million compared to USD 41.89 million a year ago. Net income was USD 9.37 million compared to USD 13.07 million a year ago. Basic earnings per share from continuing operations was USD 0.89 compared to USD 1.24 a year ago. Diluted earnings per share from continuing operations was USD 0.89 compared to USD 1.24 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.