CIZN
Citizens Holding Company7.70
+0.04+0.52%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
43.53MP/E (TTM)
23.33Basic EPS (TTM)
0.33Dividend Yield
0.03%Recent Filings
10-K
FY2023 results
Citizens Holding Company wrapped FY2023 with total assets of $1.405 billion and deposits at $1.170 billion, but net income plunged to $1.854 million from $9.620 million in 2022, hammered by rising interest rates that squeezed margins amid stagnant loan demand. Q4 offered scant relief, with compressed yields and no sequential uptick in core metrics, while real estate loans held steady at 82.7% of the portfolio. Loan interest and fees still drove 56.5% of revenues, yet operating profit dipped to $1.780 million annually. Liquidity stayed solid with $104.8 million in available dividends from the Bank, but no buybacks or capex shifts marked the quarter. No 2024 guidance disclosed. Interest rate volatility looms as a key risk, potentially eroding quarterly momentum further. Small banks navigate choppy waters.
8-K
Quarterly dividend declared
Citizens Holding Company declared a quarterly cash dividend of $0.16 per share on November 30, 2023, payable December 29 to shareholders of record on December 15. This yields approximately 6%, underscoring the firm's solid capital base amid earnings headwinds. Yet, management prioritizes balance sheet repositioning to counter interest rate risks. Forward-looking statements highlight uncertainties in economic conditions and regulatory shifts.
8-K
Voluntary Nasdaq delisting announced
Citizens Holding Company announced its voluntary delisting from the Nasdaq Global Market on December 1, 2023, with the last trading day set for December 15 and a shift to the OTCQX Best Market starting December 18 under the symbol CIZN. The move aims to cut SEC reporting costs while maintaining audited financials and quarterly disclosures via press releases. Delisting frees up resources, yet regulatory filings will cease after Form 15. This streamlines operations for the community bank holding company.
10-Q
Q3 FY2023 results
Citizens Holding Company posted net income of $1.2M for Q3 2023 ended September 30, down 53% y/y from $2.6M amid rising funding costs that squeezed net interest income to $7.4M, a 18% y/y drop, while the net interest margin contracted to 2.4% from 2.9%. Loan interest climbed 24% y/y to $8.5M on higher rates, but deposit expenses surged 602% y/y to $3.5M as non-interest-bearing deposits fell 7% to $278M. Provision for credit losses flipped to a $98K expense from a $53K reversal, with the ACL edging up to 1.1% of loans. Cash swelled 405% y/y to $144M, bolstering liquidity, yet unrealized losses widened AOCI by $3.3M y/y. Balance sheet holds steady at $1.4B. Regional competition pressures deposit retention.
8-K
Q3 earnings rebound with deposit growth
Citizens Holding Company reported Q3 net income of $1.2 million, up sharply from $300,000 last quarter but down 53% year-over-year amid rising funding costs. Loans grew 2% to $587 million, deposits surged 8% to $1.2 billion, and non-performing assets fell 4% to $4 million, bolstering credit quality. Management swapped $66.6 million in securities to floating rates, hedging against elevated interest rates. Yet deposit costs will rise further.
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