Citizens Community Bancorp, Inc. Reports Third Quarter 2025 Earnings of $0.37 Per Share; Redeems $15 Million of Subordinated Debt

Core Viewpoint - Citizens Community Bancorp, Inc. reported improved earnings for the third quarter of 2025, with net income of $3.7 million and earnings per diluted share of $0.37, reflecting growth compared to previous quarters and the same period last year [1][5]. Financial Performance - Earnings for the nine months ended September 30, 2025, were $10.1 million or $1.02 per diluted share, down from $11.0 million or $1.07 per diluted share in the prior year [5]. - The third quarter's net interest income decreased by $0.1 million to $13.2 million compared to the second quarter of 2025, but increased from $11.3 million in the same quarter of 2024 [5][25]. - Non-interest income rose by $0.2 million to $3.0 million in the third quarter of 2025, driven by higher gains on loan sales [8][29]. Balance Sheet and Asset Quality - Book value per share increased to $18.95 at September 30, 2025, from $18.36 at June 30, 2025, and $17.88 at September 30, 2024 [3]. - Total assets decreased by $8.2 million to $1.727 billion at September 30, 2025 [6]. - The allowance for credit losses on loans increased to $22.2 million, representing 1.68% of total loans receivable [12][13]. Capital and Liquidity - The tangible capital ratio exceeded 9.1%, with tangible book value increasing by 3.7% from the previous quarter [4]. - On-balance sheet liquidity ratio improved to 13.4% of total assets at September 30, 2025, compared to 12.2% at June 30, 2025 [7]. Loan and Deposit Trends - Loans receivable decreased by $22.6 million to $1.323 billion during the third quarter [10]. - Total deposits increased by $2.1 million to $1.48 billion, primarily due to growth in commercial deposits [19]. - Nonperforming assets rose by $3.7 million to $16.7 million, largely due to a multi-family loan moving to substandard status [17][18]. Shareholder Actions - The Company repurchased approximately 136 thousand shares at an average price of $14.93 per share during the quarter, with 363 thousand shares remaining under the buyback authorization [22].