- Quarterly EPS increased to $0.32, an 18.5% rise from Q4 2024, yet an 18% decline from Q1 2024.
- Book value per share rose 8% year-over-year to $18.02, with a 10.1% increase in tangible book value to $14.79.
- Total deposits grew by $35.5 million, reaching $1.524 billion, while loans decreased by $16.3 million to $1.353 billion.
Citizens Community Bancorp, Inc. (CZWI, Financial) has announced its earnings for the first quarter of 2025, reporting a net income of $3.2 million, translating to $0.32 per diluted share. This marks an improvement from the previous quarter's earnings of $2.7 million or $0.27 per share. However, the earnings have declined from $4.1 million or $0.39 per share in the same quarter last year.
The company's book value per share has seen an 8% increase year-over-year, reaching $18.02 as of March 31, 2025, while the tangible book value per share grew by 10.1% to $14.79. This growth occurred despite the annual dividend payment of $0.36 per share. The net interest margin improved to 2.85%, although net interest income experienced a slight decrease to $11.6 million.
In terms of deposits, Citizens Community Bancorp witnessed significant growth with a $35.5 million increase, bringing total deposits to $1.524 billion. On the lending side, the bank saw a reduction, with loans decreasing by $16.3 million to $1.353 billion. The bank maintained its strong liquidity with no Federal Home Loan Bank (FHLB) advances, reflecting a robust efficiency ratio of 73%, down from 76% in Q4 2024.
CEO Stephen Bianchi remarked on the results, highlighting the company's strategic focus on maintaining a strong capital and liquidity position, with plans to support quality loan growth moving forward. The bank is gearing up for potential net interest margin expansion in the latter part of 2025, leveraging strategic loan repricing and originations while maintaining prudent deposit pricing.
