Citizens Community Bancorp : Earnings Release Presentation – Second Quarter 2026

About this update from Citizens Community Bancorp, Inc.

Earnings Release Presentation 2026SecondQua terResults Investment Summary Markets Modest growth markets with diverse industries support steady balance sheet growth Returns EPS expansion, quarterly dividend and stock buybacks Balance Sheet Strong capital ratios, solid liquidity and funding to support organic loan growth Asset Quality Historical charge offs less than 5 bps during the last five years, while maintaining strong ACL reserves M & A Fiduciary duty to enhance shareholder value Insider Ownership Board and Executive Management, including former chairperson, beneficially own 6% of outstanding shares 3 Performance Objectives Financial Performance Exceed 1% ROA and 12% ROATCE through modest organic loan and deposit growth and efficiency ratio in the low to mid 60% range Capital Management Maintain TCE>8% to support organic loan growth, quarterly dividend, M&A activity and share buybacks Credit Diversification Consumer deposit to business deposit at approximately 50%-50%, broad industry loan exposure, and granularity of individual loan and deposit accounts Minimize net charge-offs to less than 5 bps Culture Leadership that engages and empowers colleagues to execute our business strategy with accountability for results 4 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 5 Franchise Expansion CZWI has transformed the Company from a consumer bank to a commercial bank to strengthen the earnings profile and franchise 2 Central Bank branches February 2016 Deposits: $27mm Northwestern WI October 2018 July 2019 Assets: $192mm Tomah, WI Assets: $269mm $1,816 $1,851 $1,740 $1,823 $1,814 Osseo, WI $1,649 $1,425 $1,519 $1,749 $1,488 $1,782 $1,566 May 2016 August 2017 Assets: $269mm $1,524 $1,531 $1,388 $1,311 $1,412 $1,461 $1,554 $1,383 Assets: $154mm Rice Lake, WI Wells, MN $1,196 $1,177 $1,295 $1,238 $1,369 $1,340 $1,358 $941 $975 $696 $558 $743 $733 $759 $747 $574 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 Loans Receivable  Total Deposits  Total Assets Source: S&P Global Market Intelligence, company filings 6 Merger & Acquisition Opportunity Landscape Targets Banks IA MN ND NE SD WI Total # of Institutions 38 33 10 30 5 41 157 Total Population 3,253,819 5,814,567 802,867 2,018,899 932,872 5,974,383 18,797,407 Total Deposits ($M) 23,347 20,596 6,244 18,626 3,099 24,764 96,677 ND 10 2 1 MN 33 7 4 SD 5 13 10 7 WI 41 7 3 12 12 8 6 NE 30 6 IA 38 14 2 2 8 18 Significant Growth Opportunities: Attractive demographic trends Low-cost deposit bases Meaningful scale Strategic deployment of liquidity Superior asset quality metrics Desirable operating markets Rich profitability profiles Citizens Community Bancorp, Inc. (CZWI) headquarters Note: Includes commercial & savings banks and savings & loan associations with total assets between $500M and $1.25B as of MRQ; Excludes mutual banks; Regulatory financial data as of 12/31/2025 Source: S&P Capital IQ Pro 7 Culture and Engagement Mission Provide the best products, service, and ideas to our customers every interaction every day. Vision Make more possible for our customers, colleagues, communities, and shareholders! Values Our six main values are: integrity, commitment, innovation, collaboration, focus, and sustainability. 2023 2024 2025 2026 84.8% 95.1% 95.0% 94.0% Participation Rate: 100.0% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 87.4% Colleague Satisfaction Score 90.9% 89.2% 86.0% 86.0% 77.9% 84.2% 81.4% 82.6% 84.9% 87.8% 82.9% 83.4% 76.8% 84.7% 82.1% 87.0% 86.8% % 84.8 70.2% 74.2% 66.5% 69.4% 92.2% Overall* Role Team Supervisor Compensation Organization 2023 2024 2025 2026 Excellent Target *Vendor method in scoring is the reason for the reduction in "Overall" for 2026 8 Pre-Provision Net Revenue (PPNR) Pre-Provision Net Revenue (PPNR) Quarter Ended ($000) Jun-26 Mar-26 Dec-25 Sep-25 Jun-25 Pre-tax income $ 1,237 $ 4,632 $ 4,885 $ 4,535 $ 4,047 Add back provision for credit losses 4,325 750 200 650 1,350 Subtract provision reversal for credit losses - - - - - Pre-Provision net revenue $ 5,562 $ 5,382 $ 5,085 $ 5,185 $ 5,397 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. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. Pre-provision net revenue includes net interest income recognized on the payoff of nonaccrual loans and loans with purchase credit discounts of $0.3 million and $1.1 million for the three-month periods ended September 30, 2025, and June 30, 2025, respectively. 9 Net Income and Diluted EPS ANNUAL VS. QUARTERLY NET INCOME AS ADJUSTED NET INCOME 2025 Mar-26 Jun-26 2024 2023 2022 2021 2020 $0 $1,102 $1,102 $3,755 $3,755 $5,000 $10,000 $13,883 $13,321 $13,059 $14,420 $13,751 $14,420 $12,725 $12,425 $15,000 $18,500 $17,761 $20,000 $21,339 $21,266 $25,000 NET INCOME ANNUAL VS. QUARTERLY DILUTED EPS AS ADJUSTED DILUTED EPS 2025 Mar-26 Jun-26 2024 2023 2022 2021 2020 $0.00 $0.11 $0.11 $0.39 $0.39 $0.50 $1.00 $1.25 $1.28 $1.14 $1.11 $1.46 $1.46 $1.35 $1.34 $1.50 $1.69 $1.76 $1.99 $2.00 $1.98 DILUTED EPS 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 results over different periods. Reconciliation of Net Income as Adjusted and Diluted EPS as Adjusted to the comparable GAAP financial measures can be found in the appendix of this presentation. These measures should not be viewed as a substitute for operating results determined in accordance with GAAP. Source: S&P Global Market Intelligence, company filings 10 Book Value, Tangible Book Value, and Core Net Revenue Detail BOOK VALUE AND TANGIBLE BOOK VALUE PER SHARE $20.00 $19.54 $19.82 $19.83 $17.94 $16.27 $16.03 $16.60 $16.23 $16.52 $16.55 $15.00 $14.52 $14.69 $12.90 $13.42 $12.77 $11.18 $10.00 $5.00 $0.00 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 TANGIBLE BOOK VALUE PER SHARE ANNUAL VS. QUARTERLY BOOK VALUE PER SHARE 2025 2026 YTD 2024 2023 2022 2021 2020 $30,000 $20,000 $10,000 $0 $32,220 $50,000 $40,000 $56,581 $58,599 $60,000 $62,327 $66,799 $69,491 $68,703 $70,000 CORE NET REVENUE DETAIL ($000) NET INTEREST INCOME NON-INTEREST INCOME NON-INTEREST EXPENSE $21,276 $42,936 $42,306 $40,142 $41,743 $40,532 $43,673 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 found in the appendix of this presentation. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. Source: S&P Global Market Intelligence, company filings 11 Return on Average Assets (ROAA) and Return on Average Tangible Common Equity (ROATCE) ANNUAL VS. QUARTERLY ROAA AS ADJUSTED ROAA 2025 Mar-26 Jun-26 2024 2023 2022 2021 2020 0.20% 0.00% 0.25% 0.25% 0.60% 0.40% 0.73% 0.82% 0.82% 0.77% 0.76% 0.71% 0.80% 0.78% 0.80% 0.85% 0.85% 1.04% 1.00% 1.20% 1.00% 1.23% 1.24% 1.40% ROAA 9.9% ANNUAL VS. QUARTERLY ROATCE AS ADJUSTED ROATCE 2025 Mar-26 Jun-26 2024 2023 2021 2022 2020 0.0% 3.0% 3.0% 5.0% 9.9% 9.9% ROATCE 10.0% 10.0% 10.3% 9.9% 10.1% 10.5% 11.8% 12.1% 14.4% 14.9% 15.0% 17.6% 17.6% 20.0% 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 trends related to average assets and average tangible equity. Reconciliations of ROAA as adjusted, ROTCE, and ROTCE as adjusted can be found in the appendix of this presentation. These measures should not be viewed as substitutes for operating results determined in accordance with GAAP. Source: SEC filings and Company documents 12 Efficiency Ratio, Net Interest Income (NII), and Net Interest Margin (NIM) EFFICIENCY RATIO AS ADJUSTED EFFICIENCY RATIO ANNUAL VS. QUARTERLY 2025 Mar-26 Jun-26 2024 2022 2023 2021 2020 45% 30% 15% 0% 59% 57% 61% 57% 66% 61% 62% 60% 65% 65% 68% 66% 68% 68% 67% 72% 75% EFFICIENCY RATIO 72% NET INTEREST MARGIN NET INTEREST INCOME 2020 2021 2022 2023 2024 2025 2026 YTD 2.50% $0 2.73% 2.81% 3.00% 3.20% 3.12% $10,000 3.39% 3.34% 3.50% 3.40% 5.00% $40,000 4.50% $30,000 $26,513 4.00% $20,000 5.50% $51,184 6.00% NII AND NIM ($000) $56,369 $53,667 $48,349 $46,474 $60,000 $50,255 $50,000 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 ratio as adjusted to its comparable GAAP financial measure can be found in the appendix of this presentation. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. 13 Citizens Community Bancorp, Inc. Capital Ratios TANGIBLE COMMON EQUITY / TANGIBLE ASSETS 10.0% 8.9% 8.5% 8.9% 9.0% 8.0% 7.7% 7.9% 7.5% 7.7% 6.0% 4.0% 2.0% 0.0% 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 10.0% LEVERAGE RATIO 9.5% 9.9% 9.8% 9.7% 8.5% 8.9% 7.9% 8.0% 7.7% 6.0% 4.0% 2.0% 0.0% 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 COMMON EQUITY TIER 1 RATIO 12.0% 11.4% 11.6% 11.3% 11.2% 10.5% 10.3% 9.7% 9.7% 8.0% 4.0% 0.0% 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 TOTAL CAPITAL RATIO 18.0% 16.1% 15.3% 15.0% 14.3% 14.7% 14.9% 14.7% 13.1% 14.0% 12.0% 9.0% 6.0% 3.0% 0.0% 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 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 tangible common equity. A reconciliation of tangible common equity / tangible assets to its comparable financial measure can be found in the appendix of the presentation. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. 14 CZWI Shares Repurchased and Tangible Common Equity (TCE) as a Percent of Tangible Assets (non-GAAP) 2022 3.0% 2.0% 128,923 125,000 1.0% 41,646 0.0% 2020 2021 2023 2024 2025 881 2026 YTD 0 TCE RATIO SHARES REPURCHASED 250,000 253,431 5.0% 4.0% 375,000 7.0% 6.0% 476,099 7.7% 7.5% 500,000 7.9% 7.7% 8.0% 9.0% 625,000 SHARES REPURCHASED AND TCE / TANGIBLE ASSETS 620,197 8.9% 8.5% 10.0% 9.0% 385,252 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 tangible common equity. A reconciliation of tangible common equity and tangible assets to its comparable financial measure can be found in the appendix of the presentation. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. 15 Asset Quality 2025 Mar-26 Jun-26 2024 2023 2022 2021 2020 0.00% 0.50% 1.00% 1.27% 1.29% 1.50% 1.38% 1.50% 1.57% 1.69% 1.67% 1.87% ALLOWANCE FOR CREDIT LOSSES (ACL) - LOANS / LOANS 2.00% 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 0.00% 0.50% 0.70% 0.83% 0.76% 0.70% 0.82% 1.00% 0.94% 1.00% 1.50% 1.79% 2.00% NONPERFORMING ASSETS (NPA) / ASSETS NET CHARGE-OFFS (RECOVERIES) / AVERAGE LOANS 0.45% 0.40% 0.35% 0.30% 0.25% 0.20% 0.15% 0.10% 0.05% 0.00% -0.05% 0.42% 0.08% 0.06% 0.01% 0.03% 0.01% 0.00% 2020 2021 2022 -0.03% 2023 2024 2025 Mar-26 Jun-26 200% ACL-LOANS / NONPERFORMING LOANS (NPL) 169% 157% 150% 150% 154% 143% 141% 132% 100% 82% 50% 0% 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY Mar-26 Jun-26 Quarterly data is annualized for the quarterly 2026 information. 16 Portfolio Contractual Fixed Rate Repricing The table below shows the impact of loan, securities, and certificate contractual fixed rate maturing and repricing: Portfolio Contractual Fixed Rate Repricing by Future Quarters (in millions, except yields) Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027 Maturing or Repricing Loans: Contractual balance Contractual interest rate $ 93 3.82% $ 96 3.92% $ 53 4.13% $ 67 4.60% $ 43 4.99% $ 68 5.33% Maturing or Repricing Securities: Contractual balance Contractual interest rate Maturing Certificate Accounts: Contractual balance $ 7 3.44% $ 134 $ 3 3.35% $ 98 $ 3 3.31% $ 66 $ - 0.00% $ 27 $ 4 5.93% $ 12 $ - 0.00% $ - Contractual interest rate 3.77% 3.70% 3.64% 3.54% 3.57% 0.00% 17 HELOC 9% Consumer 1% CRE, C&I, Ag. Related, C&D 90% Loan Portfolio 09/30/2016 Residential & 06/30/2026 Consumer 33% CRE, C&I, Ag. Related, C&D 34% Residential & HELOC 33% Loan Portfolio - Quarter Lookback ($000) Sep-16 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Mar-26 Jun-26 Commercial Real Estate $54,600 $425,283 $610,214 $630,857 $653,437 $621,251 $596,063 $606,001 $643,368 Housing related CRE $53,475 $204,544 $266,600 $304,022 $325,189 $308,572 $332,733 $333,005 $340,904 Commercial & Industrial $31,001 $116,553 $122,167 $136,013 $121,666 $115,657 $105,907 $114,379 $117,215 Ag. Real Estate / Ag. Operating $42,845 $101,580 $110,083 $116,714 $109,041 $104,130 $102,511 $98,738 $100,809 Construction & Development $16,580 $98,517 $79,520 $102,492 $110,941 $78,489 $75,767 $83,213 $56,090 Residential mortgage $187,738 $137,646 $94,861 $108,651 $131,901 $135,297 $123,764 $119,137 $118,488 Indirect Consumer Installment $168,294 $25,851 $15,971 $10,236 $6,535 $3,970 $2,224 $1,902 $1,559 Consumer Installment $19,715 $13,213 $8,874 $7,150 $6,187 $5,012 $3,997 $4,633 $7,267 Gross Loans Ex SBA PPP Loans $574,248 $1,123,187 $1,308,290 $1,416,135 $1,464,897 $1,372,378 $1,342,966 $1,361,008 $1,385,700 SBA PPP Loans $0 $123,702 $8,755 $0 $0 $0 $0 $0 $0 Total Gross Loans $574,248 $1,246,889 $1,317,045 $1,416,135 $1,464,897 $1,372,378 $1,342,966 $1,361,008 $1,385,700 Notes: Company has no credit card loans. Company has one $5.5 million NDFI loan, which is the senior loan for the Bank Holding Company of an FDIC insured Bank. Average loan yield for Q2 2026 was 5.68% 18 Deposit Composition 09/30/2016 Non-Interest-Bearing Demand 8% Interest-Bearing Demand 9% 06/30/2026 CDs 49% CDs 22% Non- Interest-Bearing Demand 17% MMDA & Savings 36% Interest- Bearing Demand 25% MMDA & Deposit Composition - Quarter Lookback Savings 34% ($000) Sep-16 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Mar-26 Jun-26 Non-interest-bearing demand deposits $45,408 $238,348 $276,631 $284,726 $265,704 $252,656 $264,394 $271,396 $274,822 Interest-bearing demand deposits $48,934 $301,764 $396,231 $371,210 $343,276 $355,750 $367,958 $392,684 $384,101 Q2 2026 Savings accounts $52,153 $196,348 $222,674 $220,019 $176,548 $159,821 $151,525 $152,487 $145,390 Cost of Deposits Money market accounts $137,234 $245,549 $288,985 $323,435 $374,055 $369,534 $392,900 $404,991 $408,305 2.07% Certificate accounts $273,948 $313,247 $203,014 $225,334 $359,509 $350,387 $347,322 $344,064 $341,799 Total Deposits $557,677 $1,295,256 $1,387,535 $1,424,724 $1,519,092 $1,488,148 $1,524,099 $1,565,622 $1,554,417 Source: S&P Global Market Intelligence, company filings 19 Branch Deposit Growth 25 28 27 23 20 $200,000 $20,000 $27,565 $400,000 $30,000 $30,653 $35,266 $40,000 $557,677 $40,904 25 23 23 22 21 21 21 $10,000 $0 $0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 WHOLESALE DEPOSITS BRANCH DEPOSITS AVERAGE BRANCH DEPOSITS ANNUAL VS. QUARTERLY $71,404 TOTAL DEPOSITS, WHOLESALE, AND BRANCH DEPOSITS ($000) $1,600,000 $1,565,622 $1,554,417 $100,000 $1,424,724 $1,519,092 $1,488,148 $1,524,099 $1,400,000 $1,387,535 $90,000 $1,295,256 $80,000 $1,200,000 $ 1,195,702 $600,000 $73,301 $72,780 $70,000 $1,000,000 $ 1,007,512 $66,132 $60,212 $61,425 $60,000 $800,000 $742,504 $51,710 $55,501 $50,000 Includes branch acquisitions and consolidations The number of branches has increased by one since 2016 17 branches purchased 2 branches opened 18 branches closed, consolidated, or sold White Numbers Indicate Branch Count Source: S&P Global Market Intelligence, company filings 20 Net Interest Margin Analysis 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/ Average Income/ Yield/ Average Income/ Yield/ Average Income/ Yield/ ($000, except yields and rates) Balance Expense Rate Balance Expense Rate Balance Expense Rate Balance Expense Rate Average interest earning assets: Cash and cash equivalents $ 98,575 $ 908 3.69% $ 105,651 $ 961 3.69% $ 84,678 $ 842 3.94% $ 62,395 $ 693 4.41% Loans receivable 1,363,849 19,322 5.68% 1,328,448 18,769 5.73% 1,329,456 19,034 5.68% 1,342,635 19,759 5.84% Investment securities 209,228 1,650 3.16% 214,412 1,630 3.08% 218,205 1,739 3.16% 220,213 1,738 3.13% Non-marketable equity securities, at cost 12,491 154 4.95% 12,503 156 5.06% 12,390 156 5.00% 12,373 64 2.05% Total interest earning assets $ 1,684,143 $ 22,034 5.25% $ 1,661,014 $ 21,516 5.25% $ 1,644,729 $ 21,771 5.25% $ 1,637,616 $ 22,254 5.39% Average interest-bearing liabilities: Total deposits $ 1,281,098 $ 7,819 2.45% $ 1,267,753 $ 7,791 2.49% $ 1,233,678 $ 7,998 2.57% $ 1,233,572 $ 8,220 2.64% FHLB Advances & Other Borrowings 51,920 711 5.49% 51,824 715 5.60% 50,941 708 5.51% 54,389 820 5.98% Total interest bearing liabilities $ 1,333,018 $ 8,530 2.57% $ 1,319,577 $ 8,506 2.61% $ 1,284,619 $ 8,706 2.69% $ 1,287,961 $ 9,040 2.78% Net interest income $ 13,504 $ 13,010 $ 13,065 $ 13,214 Interest Rate Spread 2.68% 2.64% 2.56% 2.61% Net interest margin 3.22% 3.18% 3.15% 3.20% Source: S&P Global Market Intelligence, company filings 22 Interest Rate Risk Economic Value of Equity (EVE) June 30, 2026 December 31, 2025 Change in Interest Rates In Change in Interest Rates In Basis Points ("bp") Percent Change Basis Points ("bp") Percent Change Rate Shock in Rates (1) Rate Shock in Rates (1) +300 bp 4% +300 bp 6% +200 bp 3% +200 bp 4% +100 bp 1% +100 bp 2% -100 bp -1% -100 bp -4% -200 bp -3% -200 bp -8% Net Interest Income Over One Year Horizon June 30, 2026 December 31, 2025 Change in Interest Rates In Change in Interest Rates In Basis Points ("bp") Percent Change Basis Points ("bp") Percent Change Rate Shock in Rates (1) Rate Shock in Rates (1) +300 bp -6% +300 bp -4% +200 bp -4% +200 bp -2% +100 bp -2% +100 bp -1% -100 bp 2% -100 bp -1% -200 bp 3% -200 bp -1% (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. 23 Reconciliation of Non-GAAP Financial Measures Reconciliation of GAAP Earnings and Core Earnings (non-GAAP): 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 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 $ - $ - $ - Settlement proceeds (3) $ (131) $ - $ - $ - $ - $ - $ - $ - FHLB borrowings prepayment fee (4) $ - $ 102 $ - $ - $ - $ - $ - $ - Net gain on sale of acquired business lines (5) $ (432) $ - $ - $ - $ - $ - $ - $ - Income before provision for income taxes as adjusted (6) $ 16,882 $ 29,061 $ 24,562 $ 19,312 $ 17,618 $ 17,441 $ 4,632 $ 1,237 Provision for income tax on pre-tax earnings as adjusted (7) $ 4,457 $ 7,722 $ 6,062 $ 5,991 $ 3,735 $ 3,021 $ 877 $ 135 Total provision for income tax as adjusted $ 4,457 $ 7,722 $ 6,062 $ 5,991 $ 3,735 $ 3,021 $ 877 $ 135 Net income as adjusted (non-GAAP) (6) $ 12,425 $ 21,339 $ 18,500 $ 13,321 $ 13,883 $ 14,420 $ 3,755 $ 1,102 GAAP diluted earnings per share, net of tax $ 1.14 $ 1.98 $ 1.69 $ 1.25 $ 1.34 $ 1.46 $ 0.39 $ 0.11 Merger related costs, net of tax $ - $ - $ - $ - $ - $ - $ - $ - Branch related costs, net of tax $ 0.01 $ - $ 0.07 $ 0.03 $ 0.01 $ - $ - $ - Settlement proceeds $ (0.01) $ - $ - $ - $ - $ - $ - $ - FHLB borrowings prepayment fee $ - $ 0.01 $ - $ - $ - $ - $ - $ - Net gain on sale of acquired business lines $ (0.03) $ - $ - $ - $ - $ - $ - $ - Diluted earnings per share, as adjusted, net of tax (non-GAAP) $ 1.11 $ 1.99 $ 1.76 $ 1.28 $ 1.35 $ 1.46 $ 0.39 $ 0.11 Average diluted shares outstanding 11,161,811 10,726,539 10,513,773 10,470,298 10,262,710 9,906,893 9,636,118 9,647,111 24 Reconciliation of Non-GAAP Financial Measures 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, December 31, 2023, December 31, 2022, December 31, 2021, and December 31, 2020, respectively, which are nondeductible expenses for federal income tax purposes. Branch closure costs include severance pay recorded in compensation and benefits, accelerated depreciation expense and lease termination fees included in occupancy, and other costs included in other non-interest expense in the consolidated statement of operations. In addition, other non-interest expense includes costs associated with three branch closures during the quarter ended December 31, 2020, one branch closure in the quarter ended September 30, 2022, two branch closures in the quarter ended December 31, 2022, and one branch office closure in the quarter ended December 31, 2023. Settlement proceeds includes litigation income from a JP Morgan Residential Mortgage-Backed Security (RMBS) claim. This JP Morgan RMBS was previously owned by the Bank and sold in 2011. The prepayment fee to restructure our FHLB borrowings is included in other non-interest expense in the consolidated statement of operations. Net gain on sale of acquired business lines resulted from (a) the sale of Wells Insurance Agency and (b) the termination and sale of the wealth management business line sales contract acquired in a former acquisition. Pre-tax net income as adjusted and net income as adjusted are non-GAAP measures that management believes enhances the market's ability to assess the underlying business performance and trends related to core business activities. Provision for income tax on pre-tax income as adjusted is calculated at our effective tax rate for each respective period presented. 25 Reconciliation of Non-GAAP Financial Measures Return on Average Assets (ROAA) as Adjusted (In thousands except ROAA and ROAA as adjusted) 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 $ 18,500 $ 13,321 $ 13,883 $ 14,420 $ 3,755 $ 1,102 Average assets $ 1,594,053 $ 1,722,483 $ 1,775,049 $ 1,836,337 $ 1,808,256 $ 1,749,437 $ 1,786,218 $ 1,803,346 Return on average assets 0.80% 1.23% 1.00% 0.71% 0.76% 0.82% 0.85% 0.25% Return on average assets as adjusted 0.78% 1.24% 1.04% 0.73% 0.77% 0.82% 0.85% 0.25% Return on Average Tangible Common Equity (ROATCE) as Adjusted 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 $ 160,564 $ 170,866 $ 167,088 $ 173,334 $ 179,084 $ 187,939 $ 190,874 $ 191,348 (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (5,494) (3,898) (2,449) (1,694) (979) (395) (282) (169) $ 123,572 $ 135,470 $ 133,141 $ 140,142 $ 146,607 $ 156,046 $ 159,094 $ 159,681 $ 115,313 $ 127,793 $ 131,305 $ 132,409 $ 142,641 $ 150,722 $ 157,546 $ 159,174 $ 12,725 $ 21,266 $ 17,761 $ 13,059 $ 13,751 $ 14,420 $ 3,755 $ 1,102 1,194 1,171 1,095 521 563 483 92 101 $ 13,919 $ 22,437 $ 18,856 $ 13,580 $ 14,314 $ 14,903 $ 3,847 $ 1,203 $ 12,425 $ 21,339 $ 18,500 $ 13,321 $ 13,883 $ 14,420 $ 3,755 $ 1,102 1,194 1,171 1,095 521 563 483 92 101 $ 13,619 $ 22,510 $ 19,595 $ 13,842 $ 14,446 $ 14,903 $ 3,847 $ 1,203 12.1% 17.6% 14.4% 10.3% 10.0% 9.9% 9.9% 3.0% 11.8% 17.6% 14.9% 10.5% 10.1% 9.9% 9.9% 3.0% (In thousands except ROATCE and ROATCE as adjusted) Common Equity Less: Goodwill Less: Core deposit and other intangibles Tangible common equity (TCE) Average tangible common equity Net income Intangible amortization, net of tax Tangible net income Net income as adjusted Intangible amortization, net of tax Tangible net income as adjusted ROATCE ROATCE as adjusted Note: All quarterly period ratios are annualized for net income / net income as adjusted. 26 Reconciliation of Non-GAAP Financial Measures Efficiency Ratio as Adjusted (In thousands except Efficiency Ratio and Efficiency Ratio as adjusted) Non-interest expense (GAAP) Less amortization of intangibles 2020 2021 2022 2023 2024 2025 $ 43,673 $ 40,532 $ 41,743 $ 40,142 $ 42,306 $ 42,936 (1,622) (1,596) (1,449) (755) (715) (584) Mar-26 Jun-26 $ 10,727 $ 10,549 (113) (113) Efficiency ratio numerator Merger related costs Branch closure costs Audit and financial reporting Prepayment fee Efficiency ratio numerator as adjusted Non-interest income Net interest income Add back net losses on debt and equity securities Subtract net gains on debt and equity securities Efficiency ratio denominator (GAAP) Net gain on sale of branch Net gain on sale of acquired business lines Settlement proceeds Efficiency ratio denominator as adjusted Efficiency ratio Efficiency ratio as adjusted 42,051 38,936 40,294 39,387 41,591 42,352 - - - - - - (165) - (981) (380) (168) - - - - - - - - (102) - - - - 10,614 10,436 - - - - - - - - $ 41,886 $ 38,834 $ 39,313 $ 39,007 $ 41,423 $ 42,352 $ 10,614 $ 10,436 $ 18,448 $ 15,824 $ 10,430 $ 10,250 $ 10,107 $ 11,143 50,255 53,667 56,369 48,349 46,474 51,184 - - - - (856) - 110 1,224 541 459 - 234 $ 3,099 $ 2,607 13,010 13,504 (59) - - 160 68,593 68,267 66,258 58,140 57,437 62,093 - - - - - - (432) - - - - - (131) - - - - - 16,168 15,951 - - - - - - $ 68,030 $ 68,267 $ 66,258 $ 58,140 $ 57,437 $ 62,093 $ 16,168 $ 15,951 61% 57% 61% 68% 72% 68% 62% 57% 59% 67% 72% 68% 66% 65% 66% 65% Tangible Book Value Per Share (TBVPS) as Adjusted (In thousands except Shares Outstanding, Book Value and TBVPS) 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 Total Stockholders' equity $ 160,564 $ 170,866 $ 167,088 $ 173,334 $ 179,084 $ 187,939 $ 190,874 $ 191,348 Less: Goodwill (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) Less: Core deposit and intangibles (5,494) (3,898) (2,449) (1,694) (979) (395) (282) (169) Tangible book value (non-GAAP) $ 123,572 $ 135,470 $ 133,141 $ 140,142 $ 146,607 $ 156,046 $ 159,094 $ 159,681 Shares outstanding 11,056,349 10,502,442 10,425,119 10,440,591 9,981,996 9,617,245 9,628,612 9,650,231 Book Value $ 14.52 $ 16.27 $ 16.03 $ 16.60 $ 17.94 $ 19.54 $ 19.82 $ 19.83 TBVPS $ 11.18 $ 12.90 $ 12.77 $ 13.42 $ 14.69 $ 16.23 $ 16.52 $ 16.55 Tangible Common Equity / Tangible Assets 2020 2021 2022 2023 2024 2025 Mar-26 Jun-26 $ 1,649,095 $ 1,739,628 $ 1,816,367 $ 1,851,391 $ 1,748,519 $ 1,781,755 $ 1,822,974 $ 1,814,309 (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (5,494) (3,898) (2,449) (1,694) (979) (395) (282) (169) $ 1,612,103 $ 1,704,232 $ 1,782,420 $ 1,818,199 $ 1,716,042 $ 1,749,862 $ 1,791,194 $ 1,782,642 9.7% 9.8% 9.2% 9.4% 10.2% 10.5% 10.5% 10.6% 7.7% 7.9% 7.5% 7.7% 8.5% 8.9% 8.9% 9.0% (In thousands except Tangible Common Equity / Tangible Asets) Total Assets Less: Goodwill Less: Core deposit and intangibles Tangible assets (non-GAAP) Total Stockhoders' Equity/Total Assets Tangible Common Equity / Tangible Assets Note: All quarterly period ratios are annualized for net income / net income as adjusted 27 Market Demographics 2.6% 2.6% Mankato MSA Eau Claire MSA May-20 May-21 May-22 May-23 May-24 May-25 May-26 3.1% 2.8% 2.4% 2.2% 2.3% 1.6% 2.0% 0.0% 3.8% 2.6% 3.3% 3.3% 8.0% 6.0% 4.0% 9.5% 9.8% 10.0% MSA Unemployment Rates 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 possesses a broad-based, diverse economy, which is driven by manufacturing, agribusiness, health care and education. Eau Claire Area Employers Mankato Area Employers Source: S&P Global Market Intelligence, eauclairedevelopment.com, greatermankato.com, Google Images, US Bureau of Labor Statistics 28 Leadership Team Stephen M. Bianchi Chairman of the Board President & CEO 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 banking veteran with over 40 years of experience, Mr. Bianchi served in several senior management positions at Wells Fargo Bank and with Associated Bank. He served as the Chief Executive Officer at HF Financial Corp. from October 2011 and its President from April 2010 to May 2015. Mr. Bianchi served as the Chief Executive Officer and President of Home Federal Bank, a subsidiary of HF Financial Corp. from August 2012 to May 2015. He served as the Interim Chief Executive Officer and Interim President of HF Financial Corp. from October 2011 until July 2012. Mr. Bianchi served as Senior Vice President at Associated Bank, where he served as Minnesota Regional President and Minnesota Regional Commercial Banking Manager from July 2006 to April 2010. Before that, he served as Twin Cities Business Banking Manager for Wells Fargo Bank, where he held several other management positions over 14 years. He has been a Director of Citizens Community Bancorp, Inc. since May 25, 2017. He has been a Director of CCFBank National Association since June 24, 2016. Mr. Bianchi received his B.S. degree in Finance and M.B.A. from Providence College. James S. Broucek Executive VP, CFO Principal Accounting Officer, Treasurer & Secretary Mr. James S. Broucek, also known as Jim, has been Chief Financial Officer and Principal Accounting Officer at Citizens Community Bancorp, Inc and CCFBank since October 31, 2017. He serves as Executive Vice President, CFO, Treasurer, and Secretary of Citizens Community Bancorp, Inc. and of CCFBank National Association. He served as a Senior Manager of Wipfli LLP ("Wipfli") from December 2013 to October 2017. Before joining Wipfli, Mr. Broucek held several positions with TCF Financial Corporation ("TCF Financial") and its subsidiaries from 1995 to 2013, with his last position being Treasurer of TCF Financial. Prior to joining TCF Financial, Mr. Broucek served as the Controller of Great Lakes Bancorp. Mr. Broucek is a banking veteran with over 40 years of experience. Mr. Broucek holds a B.A. in mathematics and business administration with a concentration in accounting from Hope College. 29 Attention : This is an excerpt of the original content. 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