Citizens Community Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 24, 2023 at 04:06 pm EDT
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Citizens Community Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 11.69 million compared to USD 14.27 million a year ago. Net income was USD 3.21 million compared to USD 4.37 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.41 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 0.41 a year ago.
For the six months, net interest income was USD 24.48 million compared to USD 27.43 million a year ago. Net income was USD 6.87 million compared to USD 9.07 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to USD 0.86 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to USD 0.86 a year ago.
Citizens Community Bancorp, Inc. is a bank holding company for Citizens Community Federal N.A. (the Bank). The Bank is a federally chartered national bank serving customers in Wisconsin and Minnesota. Its primary markets include the Chippewa Valley Region in Wisconsin, the Twin Cities and Mankato markets in Minnesota, and various rural communities around these areas. The Bank offers traditional community banking services to businesses, agricultural operators and consumers, including one-to-four family residential mortgages. The Bank offers a variety of loan products including commercial real estate loans, commercial and industrial (C&I) loans, agricultural real estate loans, agricultural operating loans, residential mortgages, home equity lines-of-credit and consumer loans. It maintains a portfolio of investments, consisting primarily of mortgage-backed securities, asset-backed securities, United States Government sponsored agency securities and corporate debt securities.