Citizens Holding Q1 net income drops 44% to $1.14M; EPS $0.20 vs $0.36 YoY

CITIZENS HOLDING CO /MS/

2023-Q1 EPS reported $0.20

Net income $1.14M ($0.20 EPS), down 44% from $2.04M ($0.36 EPS) in Q1 2022.
Total revenue $13.4M, up 15.6% YoY, driven by 21.9% increase in interest income.
Net interest margin fell to 2.56% from 2.69% a year ago; interest expense rose.
Book value per share $7.35, down 34.8% from $11.27 a year ago due to securities losses.
Non-performing assets decreased to $4.18M from $4.98M a year ago.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CITIZENS HOLDING CO /MS/ reported three months ended March 31, 2023 results: revenue $13,395, net income $1,140, EPS $0.20 per share-basic and diluted.

Period: three months ended March 31, 2023
Revenue: $13,395
Net income: $1,140
EPS: $0.20 per share-basic and diluted
Result: reported results

Exact text from the filing

announced today results of operations for the three months ended March 31, 2023. (in thousands, except share and per share data) Net income for the three months ended March 31, 2023 was $1,140, or $0.20 per share-basic and diluted, a decrease of $896, or 44.01%, from net income of $2,036, or $0.36 per share-basic and diluted for the same quarter in 2022. First Quarter Highlights ● Total revenues, or interest and non-interest income, for the three months ended March 31, 2023 totaled $13,395, an increase of $1,808, or 15.60%, compared to the same quarter in 2022.

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Source: SEC EDGAR

accession 0001437749-23-011335

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