Citizens Community Bancorp, Inc. (Nasdaq: CZWI) reported financial results for the three and nine months ended September 30, 2026. For the third quarter of 2026, the company reported earnings of $5.4 million, which translates to earnings per diluted share of $0.56. This represents a significant increase from the second quarter of 2026, where earnings were $1.1 million ($0.11 per share), and the prior year period of $3.7 million ($0.37 per share).
For the nine months ended September 30, 2026, the company reported earnings of $10.3 million and earnings per diluted share of $1.06. This compares to $10.1 million and $1.02 per share for the same period in the prior year.
The company’s Board of Directors declared a quarterly cash dividend of $0.12 per share on October 22, 2026. This marks a 14% increase from the previous quarterly dividend. The dividend is payable on November 20, 2026, to shareholders of record as of November 6, 2026.
Other key metrics for the third quarter of 2026 include a net interest income of $14.5 million, an increase of $1.0 million from the prior quarter. The provision for credit losses was $0.13 million for the quarter, a decrease of $4.2 million from the prior quarter. Non-interest income increased to $2.9 million, driven by higher loan servicing income and gains on equity securities. Total loans receivable increased by $5.9 million to $1.389 billion, primarily due to new commercial real estate and multi-family loan originations.
Regarding asset quality, criticized loans increased to $61.2 million, while nonperforming assets decreased modestly to $32.2 million. The allowance for credit losses on loans increased to $26.1 million, representing 84% of total nonperforming loans. Book value per share increased to $19.91, and tangible book value per share was $16.62.
