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CCFBANK ( 800 ) 590-9920 NEWS DETAILS IR Menu Citizens Community Bancorp , Inc. Earnings Increase ! $ 4.7 Million , or $ 0.44 Per Share in 2Q21 from 2Q20 ; 2 Record Six Month Earnings of $ 10.2 million , Increase from 2020 ; Annualized Gross Loan Growth of 12 % an Quality Continues to Improve ; Board Approves 5 % Stc Repurchase Program Company Release - 7/26/2021 4:30 PM ET EAU CLAIRE , Wis . , July 26 , 2021 ( GLOBE NEWSWIRE ) -- Citizens Community Bancorp , Inc. ( the " Company " ) ( Nasdaq : CZWI ) , the parei Community Federal N.A. ( the " Bank " or " CCFBank " ) , today reported earnings of $ 4.7 million or $ 0.44 per diluted share for the quarter ended Ju to $ 5.5 million , or $ 0.50 per diluted share for the quarter ended March 31 , 2021 , and $ 3.1 million , or $ 0.28 per diluted share for the quarter end income as adjusted ( non - GAAP ) 1 was also $ 4.7 million or $ 0.44 per diluted share for the second quarter of 2021 as there were no adjustments expense items during the quarter , compared to net income as adjusted of $ 5.6 million , or $ 0.51 per diluted share for the preceding quarter and diluted share for the second quarter a year ago . For the first six months of 2021 , earnings increased 80 % to a record $ 10.2 million , or $ 0.94 pel to earnings of $ 5.7 million or $ 0.51 per share , for the first six months of 2020. On July 23 , 2021 , the Board of Directors approved a new 5 % sto described below . The Company's second quarter 2021 operating results reflected the following changes from the first quarter of 2021 : ( 1 ) modest increase in net resulting from an increase in the investment portfolio size and lower deposit cost ; which was largely offset by a decrease in the accretion of def Business Administration's Paycheck Protection Program ( " SBA PPP " ) and a decrease in accretion due to reductions of purchased credit impair on securities sales ; and ( 3 ) an increase in net mortgage servicing expenses of $ 0.9 million largely due to the reversal of $ 0.9 million of previous impairment in the first quarter of 2021 . Book value per share was $ 15.33 at June 30 , 2021 , compared to $ 14.75 at March 31 , 2021 , and $ 13.70 at June 30 , 2020. Tangible book value was $ 11.95 at June 30 , 2021 compared to $ 11.39 at March 31 , 2021 and $ 10.31 at June 30 , 2020. Book value per share increased $ 1.63 over 11.9 % increase from June 30 , 2020. Tangible book value per share increased $ 1.64 over the past 12 months , a 15.9 % increase from June 30 , : Company increased and paid an annual dividend , which increased 10 % to $ 0.23 per share on February 25 , 2021 . " Our effort over the last year and a half to strengthen our culture of caring for customers and colleagues and accountability for our strategic and evidenced in our results . The 16 % increase in tangible book value year over year , further asset quality improvements to peer group levels and management are examples of a focused team . We saw a nice rebound this quarter in loan growth ( 12 % annualized ) following the seasonally sl was supported by low unemployment rates in our markets that are below the national averages . Our loan pipeline remains strong entering the are optimistic about our loan growth prospects in the third quarter , " said Stephen Bianchi , Chairman , President and Chief Executive Officer . June 30 , 2021 Highlights : ( as of or for the 3 - month period ended June 30 , 2021 compared to March 31 , 2021 and June 30 , 2020. ) Quarterly earnings of $ 4.7 million , or $ 0.44 per diluted share for the second quarter ended June 30 , 2021 , were the second highest in the down modestly from the record quarter ended March 31 , 2021 earnings of $ 5.5 million or $ 0.50 per diluted share . Fiscal 2021 earnings a fiscal 2020's record earnings . Year - over - year earnings for the six - month ended June 30 , 2021 were $ 10.2 million , or $ 0.94 per share com $ 0.51 per share for the six months ended June 30 , 2020 . •