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Stock impact report

Citizens Community Bancorp, Inc. Earns $503,000 For Third Fiscal Quarter 2018; Loan Growth Continues, New Capital Raise Completed and Merger Announcement Highlight Third Fiscal Quarter 201...

Citizens Community Bancorp, Inc. (CZWI) 
Last citizens community bancorp, inc. earnings: 4/28 04:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
EAU CLAIRE, Wis., July 27, 2018 (GLOBE NEWSWIRE) -- Citizens Community Bancorp, Inc. (the "Company") (Nasdaq: CZWI), the parent company of Citizens Community Federal N.A. (the “Bank”), today reported earnings of $503,000, or $0.08 per diluted share in Q3 fiscal 2018, compared to $1.083 million, or $0.20 per diluted share, in the third fiscal quarter one year earlier.  The Q3 fiscal 2018 operations reflected higher professional fees associated with the announced proposed acquisition of United Bank ("United"), increased loan loss provision expense associated with $40 million in loan growth, write-downs on closed branches held for sale and reported as OREO and final settlement of the outstanding litigation matter.  For the nine months ended June 30, 2018, earnings increased 8% to $3.184 million, or $0.52 per diluted share from $2.957 million, or $0.56 per diluted share for the nine months ended June 30, 2017. Core earnings (non-GAAP)* were $730,000, or $0.11 per diluted share for Q3 f Show less Read more
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