Citizens Community Bancorp Files 8-K on Financial Condition

Ticker: CZWI · Form: 8-K · Filed: Jan 29, 2024 · CIK: 1367859

Citizens Community Bancorp Inc. 8-K Filing Summary
FieldDetail
CompanyCitizens Community Bancorp Inc. (CZWI)
Form Type8-K
Filed DateJan 29, 2024
Risk Levellow
Pages2
Reading Time3 min
Key Dollar Amounts$0.32
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: financial-condition, corporate-update, 8-K

TL;DR

**CZWI just dropped an 8-K on its financial results, time to check the numbers.**

AI Summary

Citizens Community Bancorp, Inc. (CZWI) filed an 8-K on January 29, 2024, to report on its 'Results of Operations and Financial Condition' and 'Other Events.' This filing indicates the company is providing an update on its financial performance, which is crucial for investors to understand the company's current health and future prospects. For shareholders, this matters because it offers transparency into the company's recent financial activities, helping them assess the value and risk of their investment.

Why It Matters

This filing provides investors with an official update on Citizens Community Bancorp's financial performance, which is essential for making informed investment decisions. Understanding these results helps shareholders gauge the company's profitability and stability.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results and other events, not indicating any immediate high-risk situations.

Analyst Insight

A smart investor would review the full financial statements once they are released to understand the specifics of the 'Results of Operations and Financial Condition' mentioned in this 8-K, as this filing only indicates the reporting of these items, not the details themselves.

Key Numbers

  • January 29, 2024 — Date of Report (The date the earliest event reported in this 8-K occurred and the filing date.)
  • 001-33003 — Commission File Number (Unique identifier for Citizens Community Bancorp, Inc. with the SEC.)
  • 20-5120010 — I.R.S. Employer Identification No. (Tax identification number for Citizens Community Bancorp, Inc.)
  • $.01 — par value per share (The stated par value of Citizens Community Bancorp, Inc.'s Common Stock.)

Key Players & Entities

  • Citizens Community Bancorp, Inc. (company) — the registrant filing the 8-K
  • Maryland (company) — state of incorporation for Citizens Community Bancorp, Inc.
  • NASDAQ Global Market (company) — exchange where CZWI Common Stock is registered
  • January 29, 2024 (date) — date of earliest event reported and filing date
  • 001-33003 (dollar_amount) — Commission File Number
  • 20-5120010 (dollar_amount) — I.R.S. Employer Identification No.
  • 2174 EastRidge Center (company) — principal executive offices address
  • Eau Claire, WI 54701 (company) — principal executive offices city, state, zip
  • 715-836-9994 (dollar_amount) — registrant's telephone number

Forward-Looking Statements

  • Citizens Community Bancorp will release detailed financial statements for the period covered by the 'Results of Operations and Financial Condition' item. (Citizens Community Bancorp, Inc.) — high confidence, target: 2024-02-15
  • The 'Other Events' section will likely contain information about minor operational changes or routine corporate announcements. (Citizens Community Bancorp, Inc.) — medium confidence, target: 2024-01-29

FAQ

What is the primary purpose of this 8-K filing by Citizens Community Bancorp, Inc.?

The primary purpose of this 8-K filing, dated January 29, 2024, is to report on 'Results of Operations and Financial Condition' and 'Other Events' as per Item 2.02 and Item 8.01, respectively.

What is the trading symbol and exchange for Citizens Community Bancorp, Inc.'s common stock?

The trading symbol for Citizens Community Bancorp, Inc.'s Common Stock, $.01 par value per share, is CZWI, and it is registered on the NASDAQ Global Market.

Where are Citizens Community Bancorp, Inc.'s principal executive offices located?

Citizens Community Bancorp, Inc.'s principal executive offices are located at 2174 EastRidge Center, Eau Claire, WI 54701.

What is the state of incorporation for Citizens Community Bancorp, Inc.?

Citizens Community Bancorp, Inc. is incorporated in Maryland.

Does Citizens Community Bancorp, Inc. identify as an emerging growth company in this filing?

No, the filing indicates with an unchecked box that the registrant is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Filing Stats: 643 words · 3 min read · ~2 pages · Grade level 9.2 · Accepted 2024-01-29 08:34:30

Key Financial Figures

  • $0.32 — ors declared an annual cash dividend of $0.32 per share to shareholders of record as

Filing Documents

02 . Results of Operations and Financial Condition

Item 2.02 . Results of Operations and Financial Condition . On January 29, 2024, Citizens Community Bancorp, Inc. (the "Company") issued a press release announcing our financial results for the three and twelve months ended December 31, 2023 and posted its Earnings Release Supplement and Earnings Release Presentation to its website. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K, a copy of the Earnings Release Supplement is attached hereto as Exhibit 99.2 and a copy of the Earnings Release Presentation is attached hereto as Exhibit 99.3. The attached Exhibits 99.1, 99.2 and 99.3 are furnished pursuant to Item 2.02 of Form 8-K. The information in this Item 2.02, Item 9.01 and Exhibits 99.1, 99.2 and 99.3 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

01. Other Events

Item 8.01. Other Events. On January 25, 2024, the Board of Directors declared an annual cash dividend of $0.32 per share to shareholders of record as of February 9, 2024, payable on February 23, 2024.

01 . Financial Statements and Exhibits

Item 9.01 . Financial Statements and Exhibits . (d) Exhibits. The following exhibit is being furnished herewith: 99.1 Press Release dated January 29, 2024 99.2 Earnings Release Supplement dated January 29, 2024 99.3 Earnings Release Presentation dated January 29, 2024 104 The cover page from this Current Report on Form 8-K in Inline XBRL (Extensible Business Reporting Language) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CITIZENS COMMUNITY BANCORP, INC. Date: January 29, 2024 By: /s/ James S. Broucek James S. Broucek Chief Financial Officer

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