earnings
confidence high
sentiment neutral
materiality 0.60
Citizens Community Bancorp Q3 EPS $0.32, down from Q2 $0.35; NPAs rise to $17.1M
Citizens Community Bancorp Inc.
2024-Q3 EPS reported
$1.07
- Q3 2024 net income $3.3M ($0.32 diluted), down from $3.7M ($0.35) in Q2 2024; up from $2.5M ($0.24) a year ago.
- Net interest margin 2.63% (down 9 bps QoQ); net interest income $11.3M, down $0.3M due to lower non-recurring interest income.
- Nonperforming assets increased to $17.1M from $10.3M, largely from one agricultural/forestry loan relationship.
- Repurchased 223k shares at $12.91 avg in Q3; 333k shares remain under buyback authorization.
- Tangible book value per share $14.64, up 16.1% from $12.61 a year ago.