---
schema_version: "secwatch.filing_event.v1"
accession: "0001367859-23-000124"
form_type: "8-K"
ticker: "CZWI"
cik: "0001367859"
company_name: "Citizens Community Bancorp Inc."
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:07:39.809766+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Citizens Community Bancorp Q2 EPS $0.31; net interest margin declines, nonperforming assets rise

## Summary
- Earnings per diluted share $0.31, down from $0.35 in Q1 2023 and $0.41 in Q2 2022; net income $3.2M.
- Net interest margin (ex-accretion) fell to 2.69% from 2.99% in Q1 as deposit costs rose faster than asset yields.
- Nonperforming assets increased to $17.4M (0.95% of assets) from $11.7M; substandard loans up $3.8M to $19.2M.
- Tangible book value per share improved to $12.61 from $12.48; stock buyback of 14k shares in Q2.
- Provision for credit losses rose to $0.45M from $0.05M on worsening economic forecast, partially offset by specific reserve declines.

## SEC filing metadata
- accession: 0001367859-23-000124
- form_type: 8-K
- ticker: CZWI
- cik: 0001367859
- company_name: Citizens Community Bancorp Inc.
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1367859/000136785923000124/0001367859-23-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1367859/000136785923000124/czwi-20230724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001367859-23-000124
- JSON: https://secwatch.observer/filing/0001367859-23-000124.json
- Plain text: https://secwatch.observer/filing/0001367859-23-000124.txt

## Key facts
- Earnings Releases
  Citizens Community Bancorp Inc. reported the six months ended June 30, 2023 results: net income $6.9 million, EPS $0.66 per diluted share.
  - Period: the six months ended June 30, 2023
  - Net income: $6.9 million
  - EPS: $0.66 per diluted share
  - Result: reported results
  source text: For the first six months of 2023, earnings were $6.9 million, or $0.66 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1367859/000136785923000124/0001367859-23-000124-index.htm
- Earnings Releases
  Citizens Community Bancorp Inc. reported the quarter ended June 30, 2023 results: net income $3.2 million, EPS $0.31 per diluted share.
  - Period: the quarter ended June 30, 2023
  - Net income: $3.2 million
  - EPS: $0.31 per diluted share
  - Result: reported results
  source text: Citizens Community Bancorp, Inc. (the “Company”) (Nasdaq: CZWI), the parent company of Citizens Community Federal N.A. (the “Bank” or “CCFBank”), today reported earnings of $3.2 million and earnings per diluted share of $0.31 for the quarter ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1367859/000136785923000124/0001367859-23-000124-index.htm

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