Citizens Community Bancorp, Inc. Reports First Quarter 2025 Earnings of $0.32 Per Share; Book Value Per Share Up 8% and Tangible Book Value Per Share Up 10% Since March 31, 2024, After Annual Dividend Payment of $0.36 Per Share

Core Viewpoint Citizens Community Bancorp, Inc. reported a mixed performance for the first quarter of 2025, with earnings of $3.2 million, reflecting a decrease from the previous year but an increase from the last quarter. The company demonstrated resilience in its balance sheet and liquidity, while facing challenges in net interest income and loan activity. Financial Performance - The company reported earnings of $3.2 million, or $0.32 per diluted share, for Q1 2025, compared to $2.7 million ($0.27 per share) in Q4 2024 and $4.1 million ($0.39 per share) in Q1 2024 [1][5]. - Net interest income decreased by $0.1 million to $11.6 million in Q1 2025, down from $11.7 million in Q4 2024 and $11.9 million in Q1 2024 [5][22]. - The net interest margin increased to 2.85%, primarily due to lower deposit costs, despite being negatively impacted by lower deferred fee accretion [5][22]. Balance Sheet and Asset Quality - Total assets increased by $31.4 million to $1.780 billion at March 31, 2025 [6]. - Loans receivable decreased by $16.3 million to $1.353 billion, attributed to seasonal impacts [11][26]. - The allowance for credit losses on loans decreased to $20.2 million, representing 1.49% of total loans [13][14]. Non-Interest Income and Expenses - Non-interest income rose by $0.6 million to $2.6 million, driven by higher gains on loan sales and equity securities [10][26]. - Non-interest expenses decreased by $0.3 million to $10.5 million, primarily due to lower compensation and related benefits [10][26]. Capital and Liquidity - Book value per share improved to $18.02 at March 31, 2025, compared to $17.94 at December 31, 2024 [3]. - The liquidity ratio increased to 14.38% of total assets, up from 11.75% at December 31, 2024 [9]. - The company maintained a strong capital position with tangible common equity at 8.45% of tangible assets [3][4]. Market and Economic Conditions - The company noted stable market conditions with unemployment below national averages and indirect tariff exposure [4]. - Loan repricing and originations are expected to benefit net interest margin expansion in the latter half of 2025 and into 2026 [4].