The Citizens Holding Company Announces Third Quarter Results
Q3 net income $4.3M, $0.76/sh, up 35% q/q and 83% y/y; NIM 3.35%, NII up 8.4% y/y, $2.8M sale-leaseback gain.
What this release says
Citizens Holding Company reported net income of $4,322, or $0.76 per share, for the third quarter of 2026, up 35.3% from the prior quarter and 83.4% from the same quarter a year earlier. Much of the rise came from a $2,849 pre-tax gain on sale-leaseback transactions for three branches, so the company's core net income, which excludes non-core items, rose a smaller 3.1% to $2,184. For a shareholder, the quarter looks stronger on paper than on core earnings, though loan and deposit growth and a higher capital ratio were also reported.
Key figures
- Q3 net income
- $4,322 thousand, or $0.76 per share
- Q3 core net income
- $2,184 thousand
- Pre-tax sale-leaseback gain
- $2,849 thousand
- Tangible book value per share
- $9.92
- Total deposits
- $1,411,954 thousand
- Tier 1 leverage ratio
- 9.20%
Positive for shareholders
- Net income rose 83.4% from the same quarter last year.
- Total loans and deposits both grew from June 30, 2026.
- Tangible book value per share rose $1.96 over the past year.
- The Tier 1 leverage ratio improved to 9.20%, supporting capital.
Negative for shareholders
- Core net income grew only 3.1% from the prior quarter, excluding the branch sale gain.
- Net interest margin slipped 2 basis points from the prior quarter.
- Non-performing assets rose 2.9% from the prior quarter.
- Noninterest-bearing deposits fell slightly from June 30, 2026.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- Net interest margin:
- The difference between interest earned on loans and investments and interest paid on deposits and borrowings, as a share of earning assets.
- Sale-leaseback:
- A deal where a company sells a property it owns and then leases it back from the buyer, often to raise cash.
- Tangible book value per share:
- A bank's net worth minus intangible assets like goodwill, divided by the number of common shares outstanding.
- Allowance for credit losses:
- A reserve set aside by a bank to cover loans it expects may not be repaid.
FAQ
How much of Citizens Holding Company's quarterly profit came from the branch sale?
The release reports a pre-tax gain of $2,849 thousand from selling three branches in sale-leaseback transactions, which is the main non-core item it excludes when calculating core net income.
How did Citizens Holding Company's core earnings change this quarter?
Core net income increased $65 thousand, or 3.1%, to $2,184 thousand from the prior quarter, and increased $127 thousand, or 6.2%, from the same quarter in 2025.
Did Citizens Holding Company's capital position improve?
Yes, the Bank's Tier 1 leverage ratio rose to 9.20% from 9.11% in the prior quarter and from 8.30% a year earlier.
Keep researching CIZN
- CIZN earnings historyPast Citizens Holding Company earnings releases, newest first.
- What is Earnings per share?A company's net income available to common shareholders divided by its weighted average shares outstanding, reported as basic and diluted figures.
- How to read an earnings reportAn earnings report is a company's quarterly results release, usually filed under 8-K Item 2.02. Learn how to read revenue, EPS, margins, guidance and the 10-Q.
- Earnings calendarWho reports this week, and the results as they come out.
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