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Recent Updates — CZWI

July 31, 2026View Source ↗

Citizens Community Bancorp, Inc. disclosed that during investor meetings on July 27, 2026, Andrew Schornack and associated reporting persons requested a seat on the Board of Directors. The company noted that its Annual Meeting occurred on June 16, 2026, resulting in the election of three Class II directors with terms ending in 2029, leaving no current board vacancies. Consequently, the Governance and Nomination Committee will consider the request at a future meeting to potentially create a vacancy for evaluation under corporate governance guidelines. The company operates in the banking industry.

July 27, 2026View Source ↗

Citizens Community Bancorp, Inc. reported second quarter 2026 earnings of $1.1 million, or $0.11 per diluted share, a decrease from $3.8 million or $0.39 per diluted share in the first quarter of 2026. The decline was driven by a $4.33 million provision for credit losses, largely due to nonaccrual loan developments including a $3.8 million impact from one specific loan relationship. Nonperforming assets rose to $32.4 million at June 30, 2026, from $18.2 million in the prior quarter. Despite these headwinds, net interest margin expanded 4 basis points to 3.22%. The Board also declared a quarterly cash dividend of $0.105 per share, payable August 21, 2026, to shareholders of record as of August 7, 2026. The company is a financial services provider operating in the banking industry.