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Core Viewpoint - Citizens Community Bancorp, Inc. (CZWI) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks rating system is based on the Zacks Consensus Estimate, which aggregates EPS estimates from sell-side analysts for the current and following years [2]. - For the fiscal year ending December 2024, Citizens Community Bancorp is expected to earn $1.30 per share, reflecting a 1.6% increase from the previous year [9]. - Over the past three months, the Zacks Consensus Estimate for Citizens Community Bancorp has increased by 6.6%, indicating a positive trend in earnings estimates [9]. Impact on Stock Price - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [5]. - The upgrade to Zacks Rank 1 suggests that the improving earnings outlook for Citizens Community Bancorp could lead to increased buying pressure and a rise in its stock price [4][6]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade of Citizens Community Bancorp to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [11].

Financial Performance - For the six months ended June 30, 2024, net income was $7.8 million, or $0.75 per diluted share, compared to $6.9 million, or $0.66 per diluted share for the same period in 2023[203]. - Net interest income for the six months ended June 30, 2024, was $23.5 million, a decrease from $24.5 million for the same period in 2023[215]. - Non-interest income decreased by $1.0 million in the second quarter of 2024, primarily due to lower gains on loan sales and higher losses on securities[201]. - Non-interest expenses increased by $0.5 million in the second quarter of 2024, primarily due to higher compensation expenses and inflationary increases[201]. - The effective tax rate decreased to 3.4% in the second quarter of 2024, down from the previous year, due to a tax exemption on income from Wisconsin commercial and agricultural loans[202]. Credit Losses - The total benefit for credit losses was $1.525 million for the second quarter of 2024, compared to a provision of $0.45 million for the same quarter in 2023[200]. - The negative provision for credit losses for the six months ended June 30, 2024, was $2.325 million, compared to a provision of $0.5 million for the same period in 2023[205]. - Total benefit for credit losses in Q2 2024 was $1.525 million, compared to a provision of $0.45 million in Q2 2023, driven by loan portfolio decreases and credit quality improvements[227]. - For the six months ended June 30, 2024, the total benefit for credit losses was $2.325 million, compared to a provision of $0.5 million for the same period in 2023, reflecting similar factors[228]. Interest Income and Expenses - Net interest income for the second quarter of 2024 decreased by $0.1 million to $11.6 million compared to the same period in 2023[199][214]. - The cost of interest-bearing liabilities increased from 2.31% for the six months ended June 30, 2023, to 3.14% for the same period in 2024[204]. - The net interest margin for the six months ended June 30, 2024, was 2.75%, down from 2.88% in the prior year[216]. - The average yield on loans for the six months ended June 30, 2024, was 5.57%, compared to 5.01% in 2023[220]. - The interest rate spread for the six months ended June 30, 2024, was 2.14%, down from 2.45% in the previous year[220]. Asset and Liability Management - The average interest-earning assets for the six months ended June 30, 2024, totaled $1.72 billion, generating interest income of $45.1 million, compared to $1.71 billion and $40.5 million in 2023[220]. - The average interest-bearing liabilities for the six months ended June 30, 2024, were $1.39 billion, with interest expense of $21.7 million[220]. - The average interest-earning assets to average interest-bearing liabilities ratio improved to 1.24 for the six months ended June 30, 2024, from 1.23 in 2023[220]. - The company has adopted asset and liability management policies to align maturities and re-pricing terms of interest-earning assets and liabilities[297]. Loan Performance - Total loans outstanding decreased by $32.2 million to $1.43 billion as of June 30, 2024, from $1.46 billion at December 31, 2023[247]. - The average outstanding loan balance was $1,439,535 thousand for the three months ended June 30, 2024, compared to $1,458,558 thousand for the three months ended December 31, 2023, indicating a decline of about 1.3%[256]. - Total recoveries of loans previously charged off were $16 thousand for the three months ended June 30, 2024, compared to $270 thousand for the three months ended December 31, 2023[256]. - The ACL for Consumer Installment loans at the end of the period was $244 thousand, down from $275 thousand at December 31, 2023[257]. - The ACL for Commercial/Agricultural Real Estate loans decreased to $17,033 thousand as of June 30, 2024, from $18,784 thousand at December 31, 2023[257]. Deposits and Liquidity - Total deposits increased to $1.26 billion for the six months ended June 30, 2024, from $1.16 billion in the same period last year[220]. - Total deposits decreased by $7.9 million to $1.52 billion during the quarter ended June 30, 2024, with a notable decrease in seasonal public deposits by $19.5 million[272]. - Brokered deposits increased by $12.8 million, largely due to new brokered CDs of $40 million replacing $30 million of maturing brokered CDs[272]. - The liquidity ratio remained flat at 11.4% as of June 30, 2024, compared to December 31, 2023[285]. - The company has an unused borrowing capacity of approximately $416.1 million under the FHLB borrowing arrangement as of June 30, 2024[281]. Capital and Equity - Stockholders' equity increased to $176.0 million at June 30, 2024, from $173.3 million at December 31, 2023, driven by net income of $7.8 million[283]. - The company's Tier 1 capital ratio was 13.7% as of June 30, 2024, exceeding the required minimum of 6.0%[293]. - Total capital to risk-weighted assets was 15.0% as of June 30, 2024, above the required minimum of 8.0%[293]. - The company is categorized as "Well Capitalized" under Prompt Corrective Action provisions as of June 30, 2024[293]. Market Risks - Interest rate risk is identified as the most significant market risk affecting the company's operations[295]. - Projected change in net interest income at +300 basis points is estimated to be a decrease of 10% as of June 30, 2024[302]. - The company focuses on originating shorter-term secured loans and variable rate loans to manage interest rate risk[298].

Citizens Community Bancorp shares have added about 11.8% since the beginning of the year versus the S&P 500's gain of 14.5%. What's Next for Citizens Community Bancorp? It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.29 on $14 million in revenues for the coming quarter and $1.22 on $57 million in revenues for the current fiscal year. Citizens Community Bancorp, Inc. (CZWI) came out with quarterly e ...

1 June 30, 2024, Highlights: • Quarterly earnings were $3.7 million, or $0.35 per diluted share for the quarter ended June 30, 2024, a decrease from the quarter ended March 31, 2024, earnings of $4.1 million, or $0.39 per diluted share, and an increase from the quarter ended June 30, 2023, earnings of $3.2 million or $0.31 per diluted share. • Net interest income decreased $0.3 million to $11.6 million for the second quarter of 2024, from $11.9 million the previous quarter and decreased $0.1 million from th ...

EAU CLAIRE, Wis., July 29, 2024 (GLOBE NEWSWIRE) -- Citizens Community Bancorp, Inc. (the "Company") (NASDAQ:CZWI), the parent company of Citizens Community Federal N.A. (the "Bank" or "CCFBank"), today reported earnings of $3.7 million and earnings per diluted share of $0.35 for the second quarter ended June 30, 2024, compared to $4.1 million and earnings per diluted share of $0.39 for the quarter ended March 31, 2024, and $3.2 million and $0.31 earnings per diluted share for the quarter ended June 30, 202 ...

Citizens Community Bancorp, Inc. (CZWI) shares soared 5.1% in the last trading session to close at $13.07. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.7% gain over the past four weeks. This is a positive development for bank stocks that have been reeling under the Fed's aggressive monetary tightening. As the rates come down, so will banks' funding costs. Also, demand for loans is expected to improve. Hence, the investors tu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33003 CITIZENS COMMUNITY BANCORP, INC. (Exact name of registrant as specified in its charter) Maryland 20-5120010 (State or othe ...

Citizens Community Bancorp, Inc. (CZWI) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 62.50%. A quarter ago, it was expected that this company would post earnings of $0.26 per share when it actually produced earnings of $0.38, delivering a surprise of 46.15%.Over the last four quart ...