Citizens Community Bancorp Inc. — Form 8-K
Filed July 27, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
Citizens Community Bancorp reported Q2 2026 diluted EPS of $0.11 (down from $0.39 Q1 2026, $0.33 Q2 2025) on net income of $1.1M. The sharp decline was driven by a $4.3M provision for credit losses (vs. $0.75M Q1, $1.35M Q2 2025), triggered by three troubled loan relationships: a $4.2M owner-occupied CRE loan charged off by $1.2M; a $5.7M campground loan; and a $2.7M multi-family loan. Nonperforming assets surged $14.2M to $32.4M (1.79% of assets vs. 1.00% Q1). The company maintained tangible book value of $16.55/share and declared $0.105/share dividend on July 23, 2026.
Why this rating
Credit deterioration is severe relative to company size ($105M market cap); Q2 earnings collapsed 71% QoQ. Asset quality stress threatens profitability trajectory, though capital and liquidity remain adequate.
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