Citizens Community Bancorp Inc. (CZWI) reported a decrease in second-quarter profit compared to last year. The company said its Board approved a 5% stock buyback, allowing up to 499,000 shares to be repurchased to boost shareholder value.
Earnings dropped to $3.27 million from $3.68 million in the same quarter last year.
The company posted earnings of $3.27 million, or $0.33 per share, compared to $3.68 million, or $0.35 per share, in the same quarter last year.
Revenues for the period rose to $22.50 million from $22.46 million last year.
Non-interest income were $2.8 million, up from $2.6 million in the same quarter last year.
Currently, shares of Citizens Community are at $15.03, up $0.26 points or 1.76 percent.
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