secwatch.observer — SEC 8-K summary
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Issuer:     Citizens Community Bancorp Inc. (CZWI)
CIK:        0001367859
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001367859-24-000079
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1367859/000136785924000079/0001367859-24-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1367859/000136785924000079/czwi-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001367859-24-000079

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