EXHIBIT 99.1 Citizens Community Bancorp, Inc. Reports First Quarter 2024 Earnings of $0.39 Per Share; Nonperforming Assets Decreased 31%; Criticized Assets Decreased 25% EAU CLAIRE, WI, April 29, 2024 - 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 $4.1 million and earnings per diluted share of $0.39 for the first quarter ended March 31, 2024, compared to $3.7 million and $0.35 per ...

EAU CLAIRE, Wis., April 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 $4.1 million and earnings per diluted share of $0.39 for the first quarter ended March 31, 2024, compared to $3.7 million and $0.35 per diluted share for the fourth quarter ended December 31, 2023, and $3.7 million and $0.35 per diluted share for the first quarter ended March 31, 2023, ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 other jur ...

Citizens Community Bancorp, Inc. (CZWI) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 46.15%. A quarter ago, it was expected that this company would post earnings of $0.24 per share when it actually produced earnings of $0.24, delivering no surprise.Over the last four quarters, the ...

Common Equity Increases 5%; Deposits Grew $46 million;Board of Directors Increase Annual Dividend 10% to $0.32 Per Share EAU CLAIRE, Wis., Jan. 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 quarter ended December 31, 2023, compared to $2.5 million and $0.24 per diluted share for the quarter ende ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q (Mark One) 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) For the quarterly period ended September 30, 2023 2174 EastRidge Center Eau Clai ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) (Exact name of registrant as specified in its charter) Maryland 20-5120010 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification Number) 2174 EastRidge Center Eau Claire, WI 54701 (Address and Zip Code of principal executive offices) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSIT ...

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, 2023 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 ...

Financial Performance - As of December 31, 2022, the total gross outstanding loans amounted to $1.416 billion, with $1.125 billion in commercial/agricultural real estate loans, $164.8 million in C&I/agricultural operating loans, $108.7 million in residential mortgage loans, and $17.4 million in consumer installment loans [29]. - Total deposits as of December 31, 2022, were $1.425 billion, including interest-bearing deposits of $1.140 billion and non-interest-bearing deposits of $0.285 billion [32]. - The Bank's net interest income is projected to change by (1)% in the event of a -100 basis points rate shock over the next 12 months [265]. Regulatory Environment - The company is subject to various regulations, including the Sarbanes-Oxley Act, which mandates periodic assessments of internal controls over financial reporting [41]. - The company is classified as a "smaller reporting company," allowing for simplified disclosures, and is currently a "non-accelerated filer" under SEC regulations [40]. - The Dodd-Frank Act has increased the regulatory burden and compliance costs for the company, affecting its lending and investment activities [43]. - The maximum per depositor FDIC insurance amount increased from $100,000 to $250,000 under the Dodd-Frank Act [63]. - The Bank is subject to various federal and state laws designed to protect borrowers and promote lending [70]. Capital and Funding - The capital conservation buffer requires a CET1 capital amount equal to 2.5% of risk-weighted assets, effectively increasing the minimum CET1 capital ratio to 7.0% [46]. - The Bank targets maintaining capital ratios that exceed minimum requirements consistent with its risk profile [62]. - The company has access to additional funding sources through borrowings, including FHLB borrowings and lines of credit with the Federal Reserve Bank [33]. - The Bank had $7.7 million in Federal Home Loan Bank stock as of December 31, 2022, in compliance with membership requirements [66]. Market Competition - The company faces competitive pressures in its lending markets, which could adversely impact the credit quality of its existing loan portfolio and its ability to originate high-quality loans in the future [28]. - The company competes with other financial institutions primarily based on interest rates, personalized services, and the quality of financial services offered [34]. Interest Rate Risk - The Bank's interest rate risk is its most significant market risk, influenced by changes in market interest rates and economic conditions [258]. - As of December 31, 2022, the estimated change in Economic Value of Equity (EVE) for a +300 basis points rate shock was 0% [264]. - As of December 31, 2022, a +300 basis points (bp) rate shock would result in a decrease of 3% in performance, compared to a decrease of 11% as of December 31, 2021 [267]. - A +200 bp rate shock would lead to a 2% decrease in performance in 2022, down from a 7% decrease in 2021 [267]. - A +100 bp rate shock would result in a 1% decrease in performance for 2022, compared to a 4% decrease in 2021 [267]. - A -100 bp rate shock would yield a 1% increase in performance for 2022, while there was no change in 2021 [267]. - A -200 bp rate shock would lead to a 2% increase in performance for 2022, with no data available for 2021 [267]. - The analysis assumes an immediate and parallel shift in the yield curve across all maturities [267]. - The assumptions for measuring interest rate risk include interest rates, loan prepayment rates, and deposit decay rates [268]. - Actual values may differ from projections if market conditions vary from the assumptions used [268]. - The computations do not account for any potential actions the company may take in response to interest rate changes [268]. - The table provided may not be indicative of future results [267]. Workforce - The Bank had 210 full-time employees and 236 total employees as of March 7, 2023 [74]. Asset Management - The company maintains a portfolio of investments primarily consisting of mortgage-backed securities, corporate asset-backed securities, U.S. Government sponsored agency securities, corporate debt securities, and trust preferred securities [30]. - The Bank's CRA rating was "Satisfactory" as of its most recent regulatory examination [69]. Economic Conditions - The ALCO meets regularly to review economic conditions and interest rate outlook, ensuring alignment with liquidity and profitability goals [260].