Citizens Community Bancorp (CZWI) investor relations material

Executive summary

• Achieved steady balance sheet growth in modest, diverse markets, supported by strong capital ratios and solid liquidity.

• Franchise transformed from consumer to commercial banking, strengthening earnings profile and expanding market presence.

• Board and executive management beneficially own 6% of outstanding shares, aligning interests with shareholders.

• Reported Q1 2026 net income of $3.8 million, or $0.39 per diluted share, down from $4.3 million ($0.44/share) in Q4 2025, but up from $3.2 million ($0.32/share) in Q1 2025.

• Board approved a quarterly dividend of $0.105 per share, payable May 22, 2026.

Financial highlights

• Net income for Q1 2026 was $3.8 million, with diluted EPS of $0.39; annualized ROAA at 0.82% and ROATCE at 9.9%.

• Pre-provision net revenue for Q1 2026 was $5.4 million, up from $5.1 million in Q4 2025 and up 44.5% year-over-year.

• Net interest margin for Q1 2026 was 3.18%, with net interest income of $13.0 million.

• Book value per share reached $19.82 and tangible book value per share $16.52 as of March 2026.

• Efficiency ratio improved to 66% in Q1 2026, down from 68% in Q4 2025 and 73% in Q1 2025.

Outlook and guidance

• Targets exceeding 1% ROA and 12% ROATCE through modest organic loan and deposit growth, with efficiency ratio in the low to mid 60% range.

• Maintains TCE above 8% to support organic growth, dividends, share buybacks, and M&A activity.

• Loan pipelines remain solid entering April, with balance sheet repricing expected in the second half of the year.