secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS HOLDING CO /MS/ (CIZN)
CIK:        0001075706
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001437749-23-021142
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citizens Holding Q2 net income drops 88% YoY to $300K; dividend cut to $0.16
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- Net income $300K ($0.05 diluted EPS) vs $2.5M ($0.45) in Q2 2022, decline of 88.19%.
- Net interest margin compressed to 2.55% from 2.78% YoY; funding costs surged to 147 bps from 33 bps.
- Dividend reduced to $0.16/share for Q2 2023 from $0.24; yield approx 5%.
- Non-performing assets improved to 0.72% of loans vs 0.84% YoY; ACL increased to 1.11% from 0.86%.
- Total deposits $1.103B, down slightly; loan growth modest at 1.32% linked-quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075706/000143774923021142/0001437749-23-021142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075706/000143774923021142/cizn20230731_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-021142

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