secwatch.observer — SEC 8-K summary
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Issuer:     Citizens Community Bancorp Inc. (CZWI)
CIK:        0001367859
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001367859-23-000135
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CZWI Q3 EPS $0.24, vs $0.31 Q2 and $0.38 year ago; NIM expands, NPAs fall
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- Net income $2.5M, diluted EPS $0.24; adjusted EPS (ex tax change) $0.36.
- Net interest margin expanded to 2.76% (ex-purchase accretion) from 2.69% Q2.
- Nonperforming assets fell to $15.5M from $17.4M Q2; negative provision of $0.3M.
- Wisconsin tax law change caused $1.8M one-time charge; future effective tax rate ~21%.
- Gross loans up $22.6M to $1.45B; deposits grew $8.6M to $1.47B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1367859/000136785923000135/0001367859-23-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1367859/000136785923000135/czwi-20231024.htm
  HTML page:      https://secwatch.observer/filing/0001367859-23-000135

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer