Citizens Community Bancorp Inc. — Form 8-K
Filed October 26, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 48/100
What the filing says
Citizens Community Bancorp reported Q3 2026 diluted EPS of $0.56 (vs. $0.11 Q2, $0.37 YoY), net income $5.4M (vs. $1.1M Q2). Board approved 14% dividend increase to $0.12/share effective Nov 20, 2026. Company repurchased 70,000 shares in Q3 under 482,500-share authorization. However, criticized loans jumped to $61.2M (76% increase from $55.1M Q2), with substandard loans rising $12.4M to $47.6M; special mention loans fell $6.2M to $13.7M due to two relationships migrating to substandard. Deposits declined $17.7M to $1.537B; nonperforming assets flat at $32.2M. Net interest margin improved 15 bps to 3.37%; provision expense dropped sharply to $0.13M vs. $4.3M prior quarter.
Why this rating
Earnings beat and dividend raise are positive; criticized loan spike ($6.1M absolute, ~6% of equity) is material concern. Company ~$1.8B in assets; $61M criticized loans = 3.4% of portfolio. Modest organic growth, not transformational; risk profile deteriorating relative to size, offset by strong capital.
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