Despite a 12.2% year-over-year growth in net interest income as of 2026Q1, the bank continues to struggle with a stubbornly low net interest margin of 0.7%.
Citizens Community Bancorp, Inc. (CZWI) annual income statement — 23-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 | Sep'07 | Sep'06 | Sep'05 | Sep'04 | Sep'03 |
|---|
| Net Interest Income | 52.79M | 51.18M | 46.47M | 48.35M | 56.37M | 53.67M | 50.26M | 43.51M | 30.3M | 22.27M | 20.08M | 18.57M | 19.76M | 19.26M | 20.49M | 20.85M | 21.18M | 16.25M | 12.6M | 10.46M | 8.09M | 7.93M | 6.73M | 5.7M |
| NII Growth % | 42.35% | 10.13% | -3.88% | -14.23% | 5.03% | 6.79% | 15.49% | 43.59% | 36.08% | 10.91% | 8.14% | -6.03% | 2.57% | -6.01% | -1.71% | -1.55% | 30.32% | 29.04% | 20.45% | 29.26% | 1.97% | 17.89% | 18.02% | - |
| Net Interest Margin % | 2.91% | 2.87% | 2.66% | 2.61% | 3.1% | 3.08% | 3.05% | 2.84% | 2.35% | 2.37% | 2.92% | 3.19% | 3.47% | 3.47% | 3.87% | 3.89% | 3.56% | 2.82% | 2.62% | 2.55% | 2.79% | 3.23% | 4.15% | 4.37% |
| Interest Income | 90.2M | 90.25M | 89.61M | 84.25M | 69.4M | 64.03M | 64.53M | 60.42M | 38.9M | 27.88M | 25.08M | 23M | 24.03M | 24.57M | 27.09M | 29.76M | 32.76M | 30.94M | 26.73M | 19.35M | 15.31M | 11.93M | 9.62M | 8.88M |
| Interest Expense | 37.41M | 39.07M | 43.14M | 35.9M | 13.03M | 10.37M | 14.27M | 16.91M | 8.59M | 5.61M | 5.01M | 4.44M | 4.28M | 5.31M | 6.59M | 8.91M | 11.58M | 14.69M | 14.14M | 8.89M | 7.22M | 3.99M | 2.89M | 3.18M |
| Loan Loss Provision | 1.4M | 1.75M | -3.17M | -475K | 1.48M | 0 | 7.75M | 3.52M | -8.59M | 319K | 75K | 656K | 1.91M | 3.14M | 4.44M | 5.86M | 6.9M | 1.37M | 721K | 470K | 251K | 414.32K | 395.69K | 405.53K |
| Non-Interest Income | -2.67M | -184K | 9.81M | 10.19M | 10.82M | 16.02M | 18.14M | 12.8M | -36.16M | 4.44M | 3.92M | 3.91M | 3.42M | 3.05M | 1.67M | 2.62M | 6.01M | 2.01M | 1.71M | 1.73M | 1.66M | 2.02M | 1.37M | -3.96M |
| Non-Interest Income % | -5.33% | -0.36% | 17.43% | 17.4% | 16.11% | 22.99% | 26.53% | 22.74% | 617.29% | 16.61% | 16.32% | 17.41% | 14.74% | 13.67% | 7.54% | 11.15% | 22.1% | 10.99% | 11.95% | 14.17% | 17% | 20.3% | 16.9% | -228.14% |
| Total Net Revenue | 50.12M | 51M | 56.29M | 58.54M | 67.19M | 69.69M | 68.4M | 56.32M | -5.86M | 26.7M | 23.99M | 22.48M | 23.17M | 22.31M | 22.17M | 23.47M | 27.19M | 18.26M | 14.3M | 12.18M | 9.75M | 9.95M | 8.1M | 1.74M |
| Revenue Growth % | -13.49% | -9.39% | -3.84% | -12.88% | -3.58% | 1.89% | 21.45% | 1061.39% | -121.94% | 11.3% | 6.73% | -3% | 3.85% | 0.67% | -5.55% | -13.68% | 48.91% | 27.64% | 17.41% | 24.99% | -2.09% | 22.92% | 366.02% | - |
| Non-Interest Expense | 47.17M | 42.94M | 42.01M | 40.08M | 42.14M | 40.73M | 43.37M | 40.52M | 26.85M | 22.56M | 20.06M | 17.4M | 18.43M | 17.49M | 17.36M | 17.27M | 28.33M | 22.16M | 11.1M | 10.52M | 8.74M | 7.81M | 6.32M | 344.68K |
| Efficiency Ratio | 94.1% | 84.19% | 74.64% | 68.47% | 62.71% | 58.45% | 63.41% | 71.94% | -458.28% | 84.49% | 83.6% | 77.42% | 79.55% | 78.38% | 78.31% | 73.61% | 104.21% | 121.38% | 77.61% | 86.37% | 89.68% | 78.41% | 78.08% | 19.83% |
| Operating Income | 1.55M | 6.31M | 17.45M | 18.93M | 23.58M | 28.96M | 17.28M | 12.28M | 7.29M | 3.82M | 3.86M | 4.42M | 2.83M | 1.68M | 367K | 330K | -8.05M | -5.27M | 2.48M | 1.19M | 755K | 1.74M | 1.38M | 987.6K |
| Operating Margin % | 3.1% | 12.38% | 31% | 32.34% | 35.09% | 41.55% | 25.26% | 21.8% | -124.41% | 14.31% | 16.08% | 19.66% | 12.21% | 7.54% | 1.66% | 1.41% | -29.59% | -28.88% | 17.35% | 9.78% | 7.75% | 17.43% | 17.04% | 56.83% |
| Operating Income Growth % | - | -63.82% | -7.83% | -19.71% | -18.57% | 67.59% | 40.75% | 68.45% | 90.69% | -0.96% | -12.69% | 56.18% | 68.25% | 358.31% | 11.21% | 104.1% | -52.62% | -312.41% | 108.4% | 57.75% | -56.48% | 25.72% | 39.73% | - |
| Pretax Income | 15.29M | 17.44M | 17.45M | 18.93M | 23.58M | 28.96M | 17.28M | 12.28M | 7.29M | 3.82M | 3.86M | 4.42M | 2.83M | 1.68M | 367K | 330K | -8.05M | -5.27M | 2.48M | 1.19M | 755K | 1.74M | 1.38M | 987.6K |
| Pretax Margin % | 30.5% | 34.2% | 31% | 32.34% | 35.09% | 41.55% | 25.26% | 21.8% | -124.41% | 14.31% | 16.08% | 19.66% | 12.21% | 7.54% | 1.66% | 1.41% | -29.59% | -28.88% | 17.35% | 9.78% | 7.75% | 17.43% | 17.04% | 56.83% |
| Income Tax | 2.48M | 3.02M | 3.7M | 5.87M | 5.82M | 7.69M | 4.55M | 2.81M | 2.24M | 1.32M | 1.29M | 1.61M | 1.05M | 635K | 161K | 137K | -955K | -2.09M | 1.01M | 448K | 309K | 684.33K | 543.33K | 390.1K |
| Effective Tax Rate % | 16.21% | 17.32% | 21.2% | 31.02% | 24.68% | 26.57% | 26.36% | 22.92% | 30.79% | 34.62% | 33.32% | 36.52% | 37% | 37.75% | 43.87% | 41.52% | 11.87% | 39.62% | 40.61% | 37.62% | 40.93% | 39.43% | 39.38% | 39.5% |
| Net Income | 12.81M | 14.42M | 13.75M | 13.06M | 17.76M | 21.27M | 12.72M | 9.46M | 5.04M | 2.5M | 2.57M | 2.81M | 1.78M | 1.05M | 206K | 193K | -7.09M | -3.18M | 1.47M | 743K | 446K | 1.05M | 836.54K | 597.5K |
| Net Margin % | 25.56% | 28.27% | 24.43% | 22.31% | 26.43% | 30.52% | 18.6% | 16.8% | -86.1% | 9.36% | 10.72% | 12.48% | 7.69% | 4.69% | 0.93% | 0.82% | -26.08% | -17.43% | 10.3% | 6.1% | 4.58% | 10.56% | 10.33% | 34.38% |
| Net Income Growth % | 2.85% | 4.87% | 5.3% | -26.47% | -16.48% | 67.12% | 34.47% | 87.61% | 101.84% | -2.88% | -8.3% | 57.38% | 70.3% | 408.25% | 6.74% | 102.72% | -122.78% | -315.94% | 98.38% | 66.59% | -57.57% | 25.64% | 40.01% | - |
| Net Income (Continuing) | 12.81M | 14.42M | 13.75M | 13.06M | 17.76M | 21.27M | 12.72M | 9.46M | 5.04M | 2.5M | 2.57M | 2.81M | 1.78M | 1.05M | 206K | 193K | -7.09M | -3.18M | 1.47M | 743K | 446K | 1.05M | 836.54K | 597.5K |
| EPS (Diluted) | 1.28 | 1.46 | 1.34 | 1.25 | 1.69 | 1.98 | 1.14 | 0.85 | 0.38 | 0.46 | 0.59 | 0.50 | 0.34 | 0.20 | 0.04 | 0.04 | -1.39 | -0.59 | 0.24 | 0.11 | 0.10 | 0.24 | 0.19 | 0.20 |
| EPS Growth % | 5.65% | 8.96% | 7.2% | -26.04% | -14.65% | 73.68% | 34.12% | 123.68% | -17.39% | -22.03% | 18% | 47.06% | 70% | 400% | 0% | 102.88% | -135.59% | -345.83% | 118.18% | 10% | -58.33% | 26.32% | -5% | - |
| EPS (Basic) | - | 1.46 | 1.34 | 1.25 | 1.69 | 1.98 | 1.14 | 0.85 | 0.39 | 0.47 | 0.59 | 0.50 | 0.35 | 0.20 | 0.04 | 0.04 | -1.39 | -0.59 | 0.24 | 0.11 | 0.10 | 0.24 | 0.19 | 0.20 |
| Diluted Shares Outstanding | 10.02M | 9.71M | 10.2M | 10.47M | 10.51M | 10.73M | 11.16M | 11.12M | 11.13M | 5.38M | 5.28M | 5.23M | 5.24M | 5.24M | 5.13M | 5.12M | 5.12M | 5.37M | 6.23M | 6.75M | 4.4M | 4.4M | 4.4M | 3.04M |
Quick answers to the most common questions about buying CZWI stock.
For fiscal year 2025, Citizens Community Bancorp, Inc. (CZWI) reported total revenue of $51.0M. This represents a 2834.7% increase compared to $1.7M in 2003.
Citizens Community Bancorp, Inc. (CZWI) is profitable, generating $14.4M in net income for the fiscal year ending 2025 with a net profit margin of 16.0%.
Citizens Community Bancorp, Inc. (CZWI) reported an operating income of $6.3M, resulting in an operating profit margin of 7.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Citizens Community Bancorp, Inc. (CZWI) generated $49.3M in gross profit for the year, representing a gross profit margin of 54.7%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Agricultural credit cycle exposure
Metrics are mathematically derived from official filings.
Net Interest Income Recovery Momentum
According to the latest quarterly data, CZWI achieved a 12.2% year-over-year growth in net interest income as of 2026Q1, signaling a potential stabilization in interest-earning asset yields despite the broader volatility observed in the bank's historical revenue performance over the preceding ten-quarter period.
The recent uptick in net interest income suggests that the bank may be successfully navigating the repricing of its loan portfolio against a challenging deposit cost environment. Investors should monitor whether this growth is sustainable or if it reflects temporary balance sheet adjustments rather than core organic expansion.
Persistent Net Interest Margin Compression
As reported in financial statements, the net interest margin has remained stubbornly low at 0.7% in 2026Q1, reflecting a structural inability to expand spreads significantly despite the bank's specialized focus on agricultural and commercial lending segments within the competitive Upper Midwest regional banking market.
The narrow NIM suggests that funding costs are likely absorbing the majority of the yield generated from the loan book, leaving little room for margin expansion. This compression appears to be a primary constraint on the bank's profitability, warranting further investigation into deposit beta sensitivity.
Efficiency Ratio Reflects Operational Headwinds
Based on the reported figures, the efficiency ratio of 43.2% in 2026Q1 indicates that the bank is maintaining a relatively disciplined cost structure, yet the underlying operating income remains sensitive to fluctuations in non-interest income and the broader economic environment of the Chippewa Valley region.
While the efficiency ratio appears stable, the bank's thin operating margins suggest that any increase in non-interest expenses could disproportionately impact bottom-line results. Management's ability to scale operations without inflating the fixed-cost base remains a critical factor for long-term valuation improvement.
Provisioning Volatility Masks Credit Risk
As evidenced by the $750,000 provision expense in 2026Q1, the bank has shifted toward a more conservative provisioning stance compared to the negative provision periods seen in 2024, which may indicate an anticipation of rising credit stress within the agricultural and commercial loan portfolios.
The transition from negative provisioning to active expense recognition suggests that management is proactively addressing potential asset quality deterioration. Investors should closely monitor non-performing asset trends, as the bank's niche exposure to dairy and crop lending remains highly susceptible to commodity price cycles.