Citizens Community Bancorp Third Quarter 2024 Earnings: Beats Expectations

Citizens Community Bancorp (NASDAQ:CZWI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$14.6m (down 2.7% from 3Q 2023).
• Net income: US$3.29m (up 32% from 3Q 2023).
• Profit margin: 23% (up from 17% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.32 (up from US$0.24 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Citizens Community Bancorp Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Citizens Community Bancorp (1 is concerning!) that you need to be mindful of.

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