Citizens Community Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
January 31, 2022 at 07:16 pm IST
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Citizens Community Bancorp, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported net interest income was USD 14.38 million compared to USD 13.37 million a year ago. Net income was USD 6.06 million compared to USD 3.57 million a year ago. Basic earnings per share from continuing operations was USD 0.58 compared to USD 0.32 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 0.32 a year ago.
For the full year, net interest income was USD 53.67 million compared to USD 50.26 million a year ago. Net income was USD 21.27 million compared to USD 12.73 million a year ago. Basic earnings per share from continuing operations was USD 1.98 compared to USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 1.98 compared to USD 1.14 a year ago.
Citizens Community Bancorp, Inc. is a bank holding company for Citizens Community Federal N.A. (the Bank). The Bank is a federally chartered national bank serving customers in Wisconsin and Minnesota. Its primary markets include the Chippewa Valley Region in Wisconsin, the Twin Cities and Mankato markets in Minnesota, and various rural communities around these areas. The Bank offers traditional community banking services to businesses, agricultural operators and consumers, including one-to-four family residential mortgages. The Bank offers a variety of loan products including commercial real estate loans, commercial and industrial (C&I) loans, agricultural real estate loans, agricultural operating loans, residential mortgages, home equity lines-of-credit and consumer loans. It maintains a portfolio of investments, consisting primarily of mortgage-backed securities, asset-backed securities, United States Government sponsored agency securities and corporate debt securities.