News
EPS exceeds expectations, revenues lag behind
Citizens’ Community Bank (NASDAQ:CZWI) Second Quarter 2024 Results
Main financial results
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Revenue: $15.0 million (up 6.1% from Q2 2023).
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Net income: $3.68 million (up 15% from Q2 2023).
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Profit margin: 25% (up from 23% in Q2 2023). The margin increase was driven by higher revenue.
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EPS: $0.35 (up from $0.31 in Q2 2023).
earnings-and-revenue-growth
All numbers shown in the chart above are for the trailing 12 month period (TTM)
Citizens Community Bancorp EPS beats expectations, revenue falls short
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 30%.
Looking ahead, revenue is expected to remain flat over the next 2 years, compared to the 6.4% growth forecast for the US banking sector.
Performance of the American banking sector.
The company’s shares are up 3.9% from last week.
Risk analysis
Don’t forget that there may still be risks. For example, we have identified 1 warning sign for Citizens Community Bancorp that you should be aware of.
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