Citizens Community Bancorp, Inc. (CZWI)

CZWI Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	79.61	73.58	61.64	58.17	59.76	54.65
Interest Income on Investments	10.07	10.67	7.76	5.86	4.76	5.78
Total Interest Income	89.68	84.25	69.4	64.04	64.53	60.42
Interest Paid on Deposits	36.56	25.75	6.43	5.85	10	12.17
Interest Paid on Borrowings	6.6	10.15	6.6	4.52	4.27	4.74
Total Interest Expense	43.17	35.9	13.03	10.37	14.27	16.91
Net Interest Income	46.51	48.35	56.37	53.67	50.26	43.51
Net Interest Income Growth (YoY)	-8.94%	-14.23%	5.03%	6.79%	15.49%	32.60%
Gain (Loss) on Sale of Assets	-	-	-	-	0.43	2.3
Gain (Loss) on Sale of Investments	-0.29	0.46	0.54	1.22	0.11	0.27
Other Non-Interest Income	6.54	6.15	6.4	7.48	9.38	7.58
Total Non-Interest Income	10.39	10.25	10.43	15.82	18.45	14.98
Non-Interest Income Growth (YoY)	-2.34%	-1.73%	-34.09%	-14.22%	23.19%	88.20%
Revenues Before Loan Losses	56.91	58.6	66.8	69.49	68.7	58.49
Provision for Loan Losses	-3.38	-0.48	1.48	-	7.75	3.53
Revenue	60.28	59.07	65.32	69.49	60.95	54.96
Revenue Growth (YoY)	-0.93%	-9.57%	-6.00%	14.01%	10.90%	42.31%
Salaries and Employee Benefits	21.43	20.38	21.27	21.92	21.71	19.84
Occupancy Expenses	-	-	-	4.72	5.52	-
Federal Deposit Insurance	0.81	0.81	0.47	0.55	0.58	0.26
Amortization of Goodwill & Intangibles	1.3	1.37	2.24	3.24	2.92	2.35
Selling, General & Administrative	14.62	14.36	14.53	9.5	8.46	13.98
Other Non-Interest Expense	3.49	3.15	4.2	2.26	2.82	3.01
Total Non-Interest Expense	41.7	40.14	42.31	41.98	41.75	39.31
EBT Excluding Unusual Items	18.58	18.93	23.02	27.51	19.2	15.66
Asset Writedown	-	-	0.57	1.45	-1.76	-0.26
Pretax Income	18.76	18.93	23.58	28.96	17.28	12.28
Income Tax Expense	4.02	5.87	5.82	7.69	4.56	2.81
Net Income	14.74	13.06	17.76	21.27	12.73	9.46
Net Income to Common	14.74	13.06	17.76	21.27	12.73	9.46
Net Income Growth	4.84%	-26.47%	-16.48%	67.12%	34.47%	125.10%
Basic Shares Outstanding	10	10	11	11	11	11
Diluted Shares Outstanding	10	10	11	11	11	11
Shares Change (YoY)	-0.97%	-0.42%	-1.99%	-3.90%	0.37%	30.55%
EPS (Basic)	1.42	1.25	1.69	1.98	1.14	0.85
EPS (Diluted)	1.42	1.25	1.69	1.98	1.14	0.85
EPS Growth	6.14%	-26.19%	-14.65%	73.68%	34.12%	70.01%
Dividend Per Share	0.320	0.290	0.260	0.230	0.210	0.200
Dividend Growth	10.34%	11.54%	13.04%	9.52%	5.00%	-
Effective Tax Rate	21.43%	31.02%	24.68%	26.57%	26.36%	22.92%

Source: S&P Capital IQ. Banks template. Financial Sources.