Citizens Community Bancorp, Inc. · NASDAQ:CZWI
Citizens Community Bancorp — Q2 2026 Earnings Presentation
29 slides from Citizens Community Bancorp's earnings presentation, Jul 27, 2026
Slide 1: 2026 Second Quarter Results Earnings Release Presentation
2026 Second Quarter Results Earnings Release Presentation Exhibit 99.3
Slide 2: Cautionary Statement and Additional Disclosures
Cautionary Statement and Additional Disclosures 2 DATES AND PERIODS PRESENTED Unless otherwise noted, “20YY” refers to either the corresponding fiscal year-end date or the corresponding 12-months (i.e., fiscal year) then ended. “MMM-YY” refers to either the corresponding quarter-end date, or the cor
Slide 3: Investment Summary
Investment Summary Markets EPS expansion, quarterly dividend and stock buybacks 3 Returns Asset Quality Modest growth markets with diverse industries support steady balance sheet growth Historical charge offs less than 5 bps during the last five years, while maintaining strong ACL reserves Insider O
Slide 4: Performance Objectives
Performance Objectives Capital Management Credit Financial Performance Culture Exceed 1% ROA and 12% ROATCE through modest organic loan and deposit growth and efficiency ratio in the low to mid 60% range Consumer deposit to business deposit at approximately 50%-50%, broad industry loan exposure, and
Slide 5: Operating Market Overview
Operating Market Overview CZWI operates in diverse markets within the northwestern region of Wisconsin, metro Twin Cities, and the Mankato, Minnesota MSA Source: S&P Global Market Intelligence 0 0 0 0 0 5
Slide 6: Franchise Expansion
$574 $733 $759 $1,177 $1,238 $1,311 $1,412 $1,461 $1,369 $1,340 $1,358 $1,383 $558 $743 $747 $1,196 $1,295 $1,388 $1,425 $1,519 $1,488 $1,524 $1,566 $1,554 $696 $941 $975 $1,531 $1,649 $1,740 $1,816 $1,851 $1,749 $1,782 $1,823 $1,814 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 Fr
Slide 7: Merger & Acquisition Opportunity
2 82 12 14 18 6 6 SD 5 ND 10 7 4 812 10 1 2 13 7 7 3 NE 30 IA 38 MN 33 WI 41 7 Merger & Acquisition Opportunity Landscape Targets Banks IA MN ND NE SD WI Total # of Institutions 38 33 10 30 5 41 157 Total Population 3,253,819 5,814,567 802,867 2,018,899 932,872 5,974,383 18,797,407 Total Deposits ($
Slide 8: Values, Vision, Mission and Culture and Engagement
Values Our six main values are: integrity, commitment, innovation, collaboration, focus, and sustainability. Vision Make more possible for our customers, colleagues, communities, and shareholders! Mission Provide the best products, service, and ideas to our customers every interaction every day. Cul
Slide 9: Pre-Provision Net Revenue (PPNR)
Pre-Provision Net Revenue (PPNR) 9 Pre-Provision Net Revenue (“PPNR”) is defined as net interest income plus total non-interest income minus total non-interest expense. This measure is a non-GAAP financial measure since it excludes the provision for (recovery of) credit losses included in net income
Slide 10: Net Income and Diluted EPS
Net Income and Diluted EPS Source: S&P Global Market Intelligence, company filings Net Income as Adjusted and Diluted EPS as Adjusted are non-GAAP financial measures, which management believes may be helpful in understanding the Company's results of operations or financial position and comparing res
Slide 11: Book Value, Tangible Book Value, and Core Net Revenue Detail
Book Value, Tangible Book Value, and Core Net Revenue Detail Source: S&P Global Market Intelligence, company filings Tangible book value per share is a non-GAAP measure, which management believes may be helpful in assessing capital adequacy. The reconciliation of tangible book value per share can be
Slide 12: Return on Average Assets (ROAA) and Return on Average Tangible Common Equity (ROATCE)
Quarterly data is annualized for the quarterly 2026 information. Return on average assets (ROAA) as adjusted, return on average tangible common equity (ROATCE), and ROATCE as adjusted are non-GAAP measures, which management believes may be helpful in understanding the underlying business performance
Slide 13: Efficiency Ratio, Net Interest Income (NII), and Net Interest Margin (NIM)
Efficiency Ratio, Net Interest Income (NII), and Net Interest Margin (NIM) The efficiency ratio as adjusted is a non-GAAP measure, which management believes may be helpful in understanding the underlying business performance trends related to non-interest expense. A reconciliation of the efficiency
Slide 14: Capital Ratios
Citizens Community Bancorp, Inc. Capital Ratios 14 7.7% 7.9% 8.5% 8.9% 9.5% 9.9% 9.8% 9.7% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 LEVERAGE RATIO 10.5% 9.7% 9.7% 10.3% 11.4% 11.6% 11.3% 11.2% 0.0% 4.0% 8.0% 12.0% 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 COMMON E
Slide 15: Shares Repurchased and TCE as a Percent of Tangible Assets
CZWI Shares Repurchased and Tangible Common Equity (TCE) as a Percent of Tangible Assets (non-GAAP) Tangible common equity / tangible assets is a non-GAAP measure, which management believes may be helpful in understanding the underlying business performance trends related to tangible assets and tang
Slide 16: Asset Quality
Asset Quality 1.38% 1.29% 1.27% 1.57% 1.50% 1.67% 1.69% 1.87% 0.00% 0.50% 1.00% 1.50% 2.00% 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 ALLOWANCE FOR CREDIT LOSSES (ACL) - LOANS / LOANS 0.70% 0.76% 0.70% 0.83% 0.82% 0.94% 1.00% 1.79% 0.00% 0.50% 1.00% 1.50% 2.00% 2020 2021 2022 2023 2024 2025 Mar-26
Slide 17: Portfolio Contractual Fixed Rate Repricing
Portfolio Contractual Fixed Rate Repricing 17 The table below shows the impact of loan, securities, and certificate contractual fixed rate maturing and repricing: Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027 Maturing or Repricing Loans: Contractual balance 93$ 96$ 53$ 67$ 43$ 68$ Contractual inte
Slide 18: Loan Portfolio
CRE, C&I, Ag. Related, C&D 90% Residential & HELOC 9% Consumer 1% Loan Portfolio 09/30/2016 06/30/2026 CRE, C&I, Ag. Related, C&D 34% Residential & HELOC 33% Consumer 33% 18 Notes: (1) Company has no credit card loans. (2) Company has one $5.5 million NDFI loan, which is the senior loan for the Bank
Slide 19: Deposit Composition
Deposit Composition Source: S&P Global Market Intelligence, company filings Non-Interest- Bearing Demand 8% Interest- Bearing Demand 9% MMDA & Savings 34% CDs 49% 19 Non- Interest- Bearing Demand 17% Interest- Bearing Demand 25% MMDA & Savings 36% CDs 22% 09/30/2016 06/30/2026 ($000) Sep-16 Dec-20 D
Slide 20: Branch Deposit Growth
$27,565 $30,653 $35,266 $40,904 $51,710 $55,501 $60,212 $61,425 $66,132 $71,404 $73,301 $72,780 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2016 2017 2018 2019 2020 2021 2022 20
Slide 21: Appendix
Appendix 21
Slide 22: Net Interest Margin Analysis
Net Interest Margin Analysis Source: S&P Global Market Intelligence, company filings 22 Quarter ended June 30, 2026 Quarter ended March 31, 2026 Quarter ended December 31, 2025 Quarter ended September 30, 2025 Interest Average Interest Average Interest Average Interest Average Average Income/ Yield/
Slide 23: Interest Rate Risk
Interest Rate Risk 23 (1) Assumes an immediate and parallel shift in the yield curve at all maturities. Note: The tables above may not be indicative of future results. Change in Interest Rates In Basis Points ("bp") Rate Shock in Rates (1) Percent Change Change in Interest Rates In Basis Points ("bp
Slide 24: Reconciliation of Non-GAAP Financial Measures
24 Reconciliation of Non-GAAP Financial Measures Reconciliation of GAAP Earnings and Core Earnings (non-GAAP): GAAP pre-tax earnings 17,280$ 28,959$ 23,581$ 18,932$ 17,450$ 17,441$ 4,632$ 1,237$ Merger related costs (1) -$ -$ -$ -$ -$ -$ -$ -$ Branch closure costs (2) 165$ -$ 981$ 380$ 168$ -$ -$ -$
Slide 25: Reconciliation footnotes
(1) All costs incurred are presented as professional fees and other non-interest expense in the consolidated statement of operations and include costs $0, $0, $0, $0, $0, $0, $0, and $0 for the three months ended June 30, 2026, and March 31, 2026, and years ended December 31, 2025, December 31, 2024
Slide 26: Reconciliation of Non-GAAP Financial Measures
Note: All quarterly period ratios are annualized for net income / net income as adjusted. 26 Reconciliation of Non-GAAP Financial Measures 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 Net income 12,725$ 21,266$ 17,761$ 13,059$ 13,751$ 14,420$ 3,755$ 1,102$ Net income as adjusted 12,425$ 21,339$ 18,50
Slide 27: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Note: All quarterly period ratios are annualized for net income / net income as adjusted 27 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 Non-interest expense (GAAP) 43,673$ 40,532$ 41,743$ 40,142$ 42,306$ 42,936$ 10,727$ 10,549$ Less amortization of intan
Slide 28: Market Demographics
Source: S&P Global Market Intelligence, eauclairedevelopment.com, greatermankato.com, Google Images, US Bureau of Labor Statistics Eau Claire MSA: Features a broad-based, diverse economy, which is driven by commercial, housing, retail and medical industries. Mankato MSA: The Mankato market also
Slide 29: Leadership Team
Leadership Team Mr. Stephen M. Bianchi, also known as Steve, has been the Chief Executive Officer and President of Citizens Community Bancorp, Inc. and CCFBank since June 24, 2016. He has been Chairman of Citizens Community Bancorp, Inc. since October 2018 and CCFBank National Association. As a bank
Citizens Community Bancorp — Q2 2026 Earnings Presentation on 6ix