---
schema_version: "secwatch.filing_event.v1"
accession: "0001367859-22-000087"
form_type: "8-K"
ticker: "CZWI"
cik: "0001367859"
company_name: "Citizens Community Bancorp Inc."
filed_at: "2022-04-25T23:59:59+00:00"
generated_at: "2026-06-26T04:59:12.947205+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CZWI Q1 EPS $0.45, net income $4.7M down QoQ and YoY; issues $35M sub debt

## Summary
- Diluted EPS $0.45 vs $0.58 Q4'21 and $0.50 Q1'21; net income $4.7M vs $6.1M and $5.5M.
- Net interest margin 3.25% vs 3.50% Q4'21; NIM ex-PPP and purchase accretion 3.11%.
- Issued $35M sub debt (non-callable 5yr, SOFR+3.29%); injected $15M into bank; refinanced $28.9M senior debt.
- Loans decreased $20.8M to $1.29B due to payoffs; pipeline accelerating for growth.
- No loan loss provision; allowance 1.30% of loans; nonperforming assets $13.6M (0.77% of assets).

## SEC filing metadata
- accession: 0001367859-22-000087
- form_type: 8-K
- ticker: CZWI
- cik: 0001367859
- company_name: Citizens Community Bancorp Inc.
- filed_at: 2022-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1367859/000136785922000087/0001367859-22-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1367859/000136785922000087/czwi-20220425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001367859-22-000087
- JSON: https://secwatch.observer/filing/0001367859-22-000087.json
- Plain text: https://secwatch.observer/filing/0001367859-22-000087.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.