Citizens Community Q2 EPS $0.35 vs $0.39 Q1; approves 5% stock buyback up to 512k shares

Citizens Community Bancorp Inc.

2024-Q2 EPS reported $0.75

Q2 2024 diluted EPS $0.35, net income $3.7M, vs Q1 EPS $0.39 and $4.1M
Negative provision for credit losses of $1.525M due to loan decreases and credit quality improvements
Gross loans decreased $21.7M to $1.43B; criticized assets down 18% to $23.3M
Tangible book value per share increased to $13.91, up 10.3% YoY
Board approved new stock repurchase program for up to 512k shares (~5% outstanding) through June 2025

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