Citizens Community Bancorp (CZWI)


Market Price (11/6/2026): $23.81 | Market Cap: $228.1 MilSector: Financials | Industry: Regional Banks

Citizens Community Bancorp (CZWI)


Market Price (11/6/2026): $23.81
Market Cap: $228.1 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%, FCF Yield is 8.5%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -60%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 35%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 30%

Low stock price volatility
Vol 12M is 26%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.

Trading close to highs
Dist 52W High is -3.2%, Dist 3Y High is -3.2%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3%, Rev Chg QQuarterly Revenue Change % is -0.1%

Key risks
CZWI key risks include [1] elevated credit risk from its loan portfolio's concentration in commercial, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%, FCF Yield is 8.5%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -60%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 35%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 30%
3 Low stock price volatility
Vol 12M is 26%
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.
5 Trading close to highs
Dist 52W High is -3.2%, Dist 3Y High is -3.2%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3%, Rev Chg QQuarterly Revenue Change % is -0.1%
7 Key risks
CZWI key risks include [1] elevated credit risk from its loan portfolio's concentration in commercial, Show more.

CZWI in ETFs

Weight = CZWI's share of each fund

VTI0.00%
IWM0.01%
IWN0.01%
VTWO0.01%
DFAS0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/1/2026

Citizens Community Bancorp (CZWI) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Strong Earnings and Revenue Beat in Fiscal Q3 2026. Citizens Community Bancorp reported diluted earnings per share of $0.56 for fiscal Q3 2026 (ended September 30, 2026), significantly exceeding analyst estimates of $0.44 per share by 27.27%. The company's revenue of $17.37 million also surpassed consensus expectations by 3.41%.

2. Dramatic Decrease in Provision for Credit Losses. A substantial reduction in the provision for credit losses to $0.125 million in fiscal Q3 2026, a sharp decline from $4.325 million in fiscal Q2 2026 (ended June 30, 2026), played a crucial role in the earnings rebound and alleviated prior concerns about asset quality.

Show more
Updated on 11/1/2026

Citizens Community Bancorp (CZWI) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Strong Earnings and Revenue Beat in Fiscal Q3 2026. Citizens Community Bancorp reported diluted earnings per share of $0.56 for fiscal Q3 2026 (ended September 30, 2026), significantly exceeding analyst estimates of $0.44 per share by 27.27%. The company's revenue of $17.37 million also surpassed consensus expectations by 3.41%.

2. Dramatic Decrease in Provision for Credit Losses. A substantial reduction in the provision for credit losses to $0.125 million in fiscal Q3 2026, a sharp decline from $4.325 million in fiscal Q2 2026 (ended June 30, 2026), played a crucial role in the earnings rebound and alleviated prior concerns about asset quality.

3. Expanded Net Interest Margin and Increased Net Interest Income. The company demonstrated improved core lending profitability with its net interest margin expanding to 3.37% from 3.22% in fiscal Q2 2026. This contributed to a $1.0 million increase in net interest income, reaching $14.5 million in fiscal Q3 2026, driven by higher loan yields from repricing and new originations.

4. Enhanced Shareholder Returns Through Dividend Hike and Share Repurchase Program. Citizens Community Bancorp's board approved a 14% increase in the quarterly dividend to $0.12 per share. Additionally, the company initiated a new share repurchase authorization of 482,500 shares in September 2026 and repurchased 70,000 shares during fiscal Q3 2026, signaling management's confidence and directly benefiting shareholders.

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Stock Movement Drivers

Fundamental Drivers

The 7.9% change in CZWI stock from 7/31/2026 to 11/5/2026 was primarily driven by a 26.4% change in the company's P/E Multiple.
(LTM values as of)731202611052026Change
Stock Price ($)21.8923.627.9%
Change Contribution By: 
Total Revenues ($ Mil)64640.0%
Net Income Margin (%)23.3%20.0%-14.4%
P/E Multiple14.117.826.4%
Shares Outstanding (Mil)1010-0.2%
Cumulative Contribution7.9%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
CZWI7.9% 
Market (SPY)-1.9%31.5%
Sector (XLF)1.0%35.2%

Fundamental Drivers

The 15.0% change in CZWI stock from 4/30/2026 to 11/5/2026 was primarily driven by a 28.5% change in the company's P/E Multiple.
(LTM values as of)430202611052026Change
Stock Price ($)20.5523.6215.0%
Change Contribution By: 
Total Revenues ($ Mil)62643.1%
Net Income Margin (%)23.1%20.0%-13.8%
P/E Multiple13.817.828.5%
Shares Outstanding (Mil)10100.7%
Cumulative Contribution15.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
CZWI15.0% 
Market (SPY)2.3%9.8%
Sector (XLF)10.7%22.3%

Fundamental Drivers

The 53.3% change in CZWI stock from 10/31/2025 to 11/5/2026 was primarily driven by a 43.8% change in the company's P/E Multiple.
(LTM values as of)1031202511052026Change
Stock Price ($)15.4123.6253.3%
Change Contribution By: 
Total Revenues ($ Mil)586410.8%
Net Income Margin (%)21.5%20.0%-7.2%
P/E Multiple12.417.843.8%
Shares Outstanding (Mil)10103.6%
Cumulative Contribution53.3%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
CZWI53.3% 
Market (SPY)8.4%15.5%
Sector (XLF)11.1%31.2%

Fundamental Drivers

The 185.9% change in CZWI stock from 10/31/2023 to 11/5/2026 was primarily driven by a 219.5% change in the company's P/E Multiple.
(LTM values as of)1031202311052026Change
Stock Price ($)8.2623.62185.9%
Change Contribution By: 
Total Revenues ($ Mil)6464-0.3%
Net Income Margin (%)24.2%20.0%-17.4%
P/E Multiple5.617.8219.5%
Shares Outstanding (Mil)10108.7%
Cumulative Contribution185.9%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
CZWI185.9% 
Market (SPY)81.3%25.8%
Sector (XLF)85.5%37.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CZWI Return29%-11%-0%43%12%35%146%
Peers Return30%-8%-0%15%19%31%112%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
CZWI Win Rate83%50%58%67%50%64% 
Peers Win Rate65%43%45%53%62%60% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
CZWI Max Drawdown-13%-31%-40%-18%-20%-15% 
Peers Max Drawdown-18%-28%-38%-19%-24%-15% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ASB, NIC, WTFC, ALRS, WSBF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventCZWIS&P 500
2025 US Tariff Shock
  % Loss-18.5%-18.8%
  % Gain to Breakeven22.7%23.1%
  Time to Breakeven123 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-16.1%-9.5%
  % Gain to Breakeven19.2%10.5%
  Time to Breakeven17 days24 days
2023 SVB Regional Banking Crisis
  % Loss-39.6%-6.7%
  % Gain to Breakeven65.7%7.1%
  Time to Breakeven301 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-10.6%-24.5%
  % Gain to Breakeven11.9%32.4%
  Time to Breakeven44 days427 days
2020 COVID-19 Crash
  % Loss-53.6%-33.7%
  % Gain to Breakeven115.4%50.9%
  Time to Breakeven342 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-24.6%-19.2%
  % Gain to Breakeven32.7%23.8%
  Time to Breakeven833 days105 days

Compare to ASB, NIC, WTFC, ALRS, WSBF

In The Past

Citizens Community Bancorp's stock fell -18.5% during the 2025 US Tariff Shock. Such a loss loss requires a 22.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCZWIS&P 500
2023 SVB Regional Banking Crisis
  % Loss-39.6%-6.7%
  % Gain to Breakeven65.7%7.1%
  Time to Breakeven301 days31 days
2020 COVID-19 Crash
  % Loss-53.6%-33.7%
  % Gain to Breakeven115.4%50.9%
  Time to Breakeven342 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-24.6%-19.2%
  % Gain to Breakeven32.7%23.8%
  Time to Breakeven833 days105 days
2008-2009 Global Financial Crisis
  % Loss-31.4%-53.4%
  % Gain to Breakeven45.8%114.4%
  Time to Breakeven2055 days1085 days

Compare to ASB, NIC, WTFC, ALRS, WSBF

In The Past

Citizens Community Bancorp's stock fell -18.5% during the 2025 US Tariff Shock. Such a loss loss requires a 22.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Citizens Community Bancorp (CZWI)

Citizens Community Bancorp, Inc. (CZWI) is a bank holding company that operates Citizens Community Federal N.A., providing traditional community banking services. Essentially, it functions as a local bank, offering a range of financial products to individuals and businesses within its operational footprint.

The company's primary services revolve around deposits and lending. It accepts various deposit products, including demand deposits, savings, money market accounts, and certificates of deposit. On the lending side, CZWI offers a comprehensive portfolio that includes commercial real estate loans, commercial and industrial loans, agricultural real estate and operating loans, consumer loans, and one-to-four family residential mortgages alongside home equity lines-of-credit.

CZWI serves a broad customer base comprising businesses, agricultural operators, and individual consumers. Its market presence is concentrated in the Midwestern United States, operating through a network of 25 full-service branch locations across Wisconsin and Minnesota.

AI Analysis | Feedback

Here are 1-2 brief analogies for Citizens Community Bancorp (CZWI):

  • Think of it as a community-level Bank of America or Wells Fargo, specifically serving towns and businesses in Wisconsin and Minnesota.
  • Imagine a smaller, more localized version of a regional bank like U.S. Bancorp, focused purely on Wisconsin and Minnesota.

AI Analysis | Feedback

  • Deposit Accounts: The bank accepts various types of deposits from businesses, agricultural operators, and consumers.
    • Demand Deposits: Accounts allowing instant access to funds.
    • Savings Accounts: Interest-bearing accounts for saving money.
    • Money Market Accounts: Interest-bearing accounts with limited transaction capabilities.
    • Certificates of Deposit (CDs): Time deposits with fixed interest rates for a specified period.
  • Loan Products: The bank provides a range of financing options to its customers.
    • Commercial Real Estate Loans: Financing for the purchase or refinance of commercial properties.
    • Commercial and Industrial Loans: Loans to businesses for operations, equipment, and other needs.
    • Agricultural Real Estate Loans: Financing for agricultural land and properties.
    • Agricultural Operating Loans: Loans to support daily agricultural operations and short-term needs.
    • Consumer Loans: Loans for personal use by individuals.
    • One-to-Four Family Residential Mortgages: Loans for purchasing or refinancing residential homes.
    • Home Equity Lines-of-Credit (HELOCs): Revolving credit lines secured by a borrower's home equity.

AI Analysis | Feedback

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Citizens Community Bancorp (CZWI) is a bank holding company that provides traditional community banking services. It sells primarily to individuals and various categories of businesses.

The major customer categories it serves are:

  • Businesses (including commercial real estate and commercial and industrial clients)
  • Agricultural Operators (for both real estate and operating needs)
  • Consumers (for residential mortgages, home equity lines-of-credit, and other consumer loans, as well as deposit products)
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Here are the management team members for Citizens Community Bancorp (symbol: CZWI):

Stephen M. Bianchi, Chairman of the Board, Chief Executive Officer, and President

Stephen M. Bianchi has served as President and Chief Executive Officer of Citizens Community Bancorp, Inc. since June 2016, and was appointed Chairman of the Board in October 2018. Prior to joining Citizens Community Bancorp, he was President and Chief Executive Officer of HF Financial Corp. and Home Federal Bank in Sioux Falls, South Dakota, from 2011 to 2016, where he was noted for improving bank performance. Mr. Bianchi brings over 30 years of banking experience, including senior management roles at Wells Fargo Bank and Associated Bank. He holds an MBA and a B.S. in Finance from Providence College.

James S. Broucek, Executive Vice President, Chief Financial Officer, Treasurer, and Principal Accounting Officer

James S. Broucek has served as Executive Vice President, Chief Financial Officer, Treasurer, and Principal Accounting Officer of Citizens Community Bancorp, Inc. and its subsidiary bank since October 31, 2017. Before his tenure at Citizens Community Bancorp, he was a Senior Manager at Wipfli LLP from December 2013 to October 2017.

Rebecca Johnson, Vice President/Controller

Rebecca Johnson serves as the Vice President and Controller for Citizens Community Bancorp, Inc.

AI Analysis | Feedback

The key risks to Citizens Community Bancorp (CZWI) are primarily concentrated in areas common to traditional community banking, with specific emphasis on its loan portfolio and the broader economic and regulatory environment.

  1. Credit Risk: Citizens Community Bancorp faces significant credit risk due to its lending activities, particularly within its commercial and agricultural loan portfolios. There is a notable presence of "Special Mention" and "Substandard" loans, specifically in commercial and agricultural real estate, which could lead to increased credit risk and potential future loan losses. The company also has exposure to loans past due across various segments, including commercial real estate, residential mortgages, and consumer loans, which could negatively impact future earnings and capital levels. Management frequently monitors and reports on criticized assets, nonperforming assets, and delinquency trends, highlighting the ongoing importance of credit quality management.

  2. Interest Rate Risk: As a financial institution, Citizens Community Bancorp is exposed to interest rate fluctuations. Changes in interest rates can affect the value of its securities portfolio and impact its net interest margin. For instance, an increase in the ten-year U.S. Treasury rate has directly contributed to accumulated other comprehensive income (AOCI) losses, demonstrating the tangible effect of interest rate movements on the company's financial position. This risk is a sector-specific concern for banks.

  3. Regulatory Changes: Citizens Community Bancorp operates in a highly regulated industry, making it susceptible to legislative or regulatory changes. Evolving banking regulations, compliance requirements, and potential actions by regulatory bodies can adversely affect the company's operations, financial condition, and performance.

AI Analysis | Feedback

The clear emerging threats for Citizens Community Bancorp (CZWI), as a traditional community bank operating with physical branches, are:

  1. Digital-first financial technology (Fintech) companies and Neobanks: These entities operate with significantly lower overhead than traditional banks due to their lack of physical branches. They leverage advanced technology to offer more competitive interest rates on deposits, lower fees, superior digital user experiences (mobile apps, online platforms), and faster loan application and approval processes. This directly threatens CZWI's ability to attract and retain customers for deposits and various loan products, particularly among younger, tech-savvy demographics and small businesses who prioritize convenience and digital access over physical proximity.

  2. Big Tech companies expanding into financial services: Major technology companies like Apple, Google, and Amazon are increasingly offering financial products such as high-yield savings accounts, payment processing services, and lending solutions. These companies possess immense brand recognition, vast customer bases, and sophisticated data analytics capabilities, allowing them to integrate financial services seamlessly into their existing ecosystems. This represents a significant competitive threat to traditional banks like CZWI, particularly in consumer banking, by offering highly convenient and integrated digital financial solutions that can attract and retain customers.

AI Analysis | Feedback

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AI Analysis | Feedback

Citizens Community Bancorp (NASDAQ: CZWI) is expected to drive future revenue growth over the next two to three years through several strategic initiatives:

  1. Expansion of Commercial Lending and Diversified Loan Growth: The company is strategically transforming from a consumer-focused lender to a more diversified community bank, emphasizing expanded commercial lending capabilities. This shift, coupled with a diversified loan portfolio across commercial real estate, agricultural real estate, multifamily, construction, residential mortgages, and consumer installment loans, is anticipated to increase interest income.
  2. Deposit Growth and Customer Base Expansion: Citizens Community Bancorp is committed to expanding its customer base, specifically focusing on deposit growth. This strategy is evidenced by a year-over-year increase in deposits and an increase in deposits per branch, reflecting both organic growth and strategic initiatives to attract and retain customers. Growing deposits provide a stable funding source for loan origination, directly contributing to revenue.
  3. Strategic Acquisitions: A key component of Citizens Community Bancorp's growth strategy involves the acquisition of smaller community banks within its existing markets. These acquisitions are expected to expand the company's market share, customer base, and overall revenue generation.
  4. Net Interest Margin Improvement: The company anticipates improvements in its net interest margin (NIM), which directly impacts net interest income, a primary component of revenue. This improvement is expected to be driven by a combination of loan growth and efficient management of deposit costs.

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Share Repurchases

  • On July 28, 2025, Citizens Community Bancorp's Board of Directors authorized a 5% stock buyback, allowing for the repurchase of up to 499,000 shares.
  • Between October 1, 2025, and December 31, 2025, the company repurchased 250,000 shares for $4 million.
  • As of January 26, 2026, the company had completed the repurchase of 385,252 shares, representing 3.89% of outstanding shares, for $6.01 million under the buyback announced on July 28, 2025.

Share Issuance

  • The number of shares outstanding remained relatively stable over the last 3-5 years, with approximately 11 million shares outstanding at the end of 2021 and around 10 million at the end of 2025, indicating no significant share issuance.

Peer Outperformance in Regional Banks

CZWI has outperformed 81% of its 262 Regional Banks peers over 5Y. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that CZWI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
81%
of 281 industry peers · 46.5% return
3Y
97%
of 273 industry peers · 178.9% return
5Y
81%
of 262 industry peers · 90.1% return
No Regional Banks peer with a comparable growth profile has beaten CZWI by more than 20pp over 5Y.
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is CZWI's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 33.1%75.7%125.1% SPNT 168% · RGA 162% · RNR 141%
Investment Banking & Brokerage 13 -3.9%89.1%93.1% IBKR 305% · SNEX 152% · GS 141%
Diversified Banks 12 30.0%140.4%90.3% CM 144% · RY 129% · JPM 127%
Life & Health Insurance 20 14.3%52.3%75.4% JXN 514% · UNM 224% · FG 188%
Property & Casualty Insurance 42 18.9%76.8%66.8% TRV 178% · PGR 172% · ACGL 168%
Multi-Sector Holdings 3 10.1%53.8%59.4% BRK-B 99% · VOYA 59% · JEF 37%
Multi-line Insurance 9 9.5%71.4%59.4% AIZ 105% · GNW 104% · L 98%
Regional Banks ← 263 30.0%87.5%46.7% CBC 268% · FCNCA 176% · NIC 136%
Insurance Brokers 15 5.5%13.4%33.4% LIFE 287% · ARX 89% · WTW 56%
Financial Exchanges & Data 15 20.6%37.2%27.9% CBOE 183% · VIRT 131% · CME 71%
Asset Management & Custody Banks 83 -5.9%22.8%12.3% VCTR 210% · AAMI 207% · WT 205%
Consumer Finance 30 2.9%81.0%8.1% ENVA 330% · FCFS 130% · ECPG 111%
Commercial & Residential Mortgage Finance 14 -46.5%36.8%2.5% FNMA 327% · FMCC 293% · ACT 158%
Diversified Financial Services 4 -1.6%20.1%-1.1% FRHC 153% · EQH 71%
Specialized Finance 3 15.8%31.5%-19.7% HASI -20% · CACC -24%
Transaction & Payment Processing Services 17 19.3%9.1%-29.4% V 103% · MA 94% · CPAY 83%
Mortgage REITs 35 -18.0%-6.1%-37.2% RITM 36% · DX 17% · AGNC 10%
Diversified Capital Markets 20 -47.1%-8.5%-70.1% LPLA 83% · TW 38% · RIOT -53%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Title
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CZWIASBNICWTFCALRSWSBFMedian
NameCitizens.Associat.Nicolet .Wintrust.Alerus F.Watersto. 
Mkt Price23.8130.54172.71150.3633.8320.0632.18
Mkt Cap0.25.73.610.10.80.32.2
Rev LTM641,6815912,924234147412
Op Inc LTM-------
FCF LTM198521951,7108943142
FCF 3Y Avg166011571,073424299
CFO LTM228902091,7929645152
CFO 3Y Avg186441691,1405043110

Growth & Margins

CZWIASBNICWTFCALRSWSBFMedian
NameCitizens.Associat.Nicolet .Wintrust.Alerus F.Watersto. 
Rev Chg LTM10.8%45.8%55.8%10.3%-12.8%12.5%11.7%
Rev Chg 3Y Avg0.3%11.3%31.3%9.1%9.8%2.0%9.5%
Rev Chg Q-0.1%20.1%69.5%8.6%8.4%5.9%8.5%
QoQ Delta Rev Chg LTM-0.0%4.8%13.8%2.1%2.7%1.5%2.4%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM34.9%53.0%35.4%61.3%40.9%30.4%38.2%
CFO/Rev 3Y Avg29.2%48.5%39.1%41.6%21.5%31.5%35.3%
FCF/Rev LTM30.1%50.7%33.0%58.5%38.2%29.1%35.6%
FCF/Rev 3Y Avg26.4%45.0%36.3%39.0%17.7%30.6%33.4%

Valuation

CZWIASBNICWTFCALRSWSBFMedian
NameCitizens.Associat.Nicolet .Wintrust.Alerus F.Watersto. 
Mkt Cap0.25.73.610.10.80.32.2
P/S3.63.46.13.53.62.33.5
P/Op Inc-------
P/EBIT-------
P/E17.910.820.511.030.611.414.7
P/CFO10.36.417.35.78.97.78.3
Total Yield6.5%12.2%5.6%10.8%5.7%11.9%8.6%
Dividend Yield0.9%3.0%0.7%1.7%2.5%3.2%2.1%
FCF Yield 3Y Avg9.5%13.7%7.3%12.0%6.0%15.0%10.7%
D/E0.20.80.00.40.51.20.5
Net D/E-0.6-0.6-0.5-0.7-0.20.6-0.5

Returns

CZWIASBNICWTFCALRSWSBFMedian
NameCitizens.Associat.Nicolet .Wintrust.Alerus F.Watersto. 
1M Rtn11.0%5.7%5.6%4.1%4.5%1.8%5.0%
3M Rtn10.4%-1.2%-0.5%-5.2%1.4%-3.1%-0.8%
6M Rtn14.1%9.0%18.3%0.5%27.5%10.0%12.0%
12M Rtn47.7%24.5%40.6%18.0%64.1%35.1%37.8%
3Y Rtn181.2%96.3%140.8%96.5%111.7%102.7%107.2%
1M Excs Rtn12.9%8.9%8.1%7.3%7.0%4.5%7.7%
3M Excs Rtn14.8%-0.7%1.2%-4.1%3.4%-2.0%0.2%
6M Excs Rtn9.2%4.3%13.5%-4.2%22.7%5.2%7.2%
12M Excs Rtn36.2%12.7%31.4%6.5%53.4%23.2%27.3%
3Y Excs Rtn104.2%27.9%61.6%29.6%34.8%27.4%32.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single segment99100596770
Total99100596770


Net Income by Segment
$ Mil202520242023
Single segment141413
Total141413


Assets by Segment
$ Mil202520242023
Single segment1,7821,7491,851
Total1,7821,7491,851


Price Behavior

Price Behavior
Market Price$23.62 
Market Cap ($ Bil)0.2 
First Trading Date03/30/2004 
Distance from 52W High-3.2% 
   50 Days200 Days
DMA Price$21.79$20.69
DMA Trendupup
Distance from DMA8.4%14.2%
 3M1YR
Volatility23.6%25.9%
Downside Capture36.5310.92
Upside Capture134.5259.84
Correlation (S&P 500)27.9%12.8%
CZWI Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta0.720.500.310.030.220.43
Up Beta3.57-1.36-0.58-0.320.140.42
Down Beta0.180.610.20-0.45-0.030.43
Up Capture185%119%68%36%47%27%
Bmk +ve Days12182862130427
Stock +ve Days13212857125373
Down Capture3%14%36%13%11%49%
Bmk -ve Days10253664121325
Stock -ve Days9223666118345

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CZWI
CZWI48.8%25.9%1.49-
Sector ETF (XLF)11.1%15.2%0.4731.7%
Equity (SPY)9.5%13.6%0.4115.5%
Gold (GLD)3.6%28.7%0.110.2%
Commodities (DBC)37.7%21.2%1.40-13.0%
Real Estate (VNQ)12.0%14.2%0.5528.9%
Bitcoin (BTCUSD)-20.8%43.3%-0.425.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CZWI
CZWI14.3%26.8%0.49-
Sector ETF (XLF)9.1%18.4%0.3633.8%
Equity (SPY)11.3%17.3%0.4823.5%
Gold (GLD)17.5%19.1%0.740.6%
Commodities (DBC)8.0%19.6%0.292.9%
Real Estate (VNQ)1.2%18.9%-0.0525.4%
Bitcoin (BTCUSD)5.9%51.5%0.296.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CZWI
CZWI10.3%28.7%0.38-
Sector ETF (XLF)13.3%22.1%0.5433.3%
Equity (SPY)14.9%18.0%0.7026.4%
Gold (GLD)12.0%16.5%0.59-1.1%
Commodities (DBC)7.6%18.1%0.338.8%
Real Estate (VNQ)5.7%20.7%0.2327.1%
Bitcoin (BTCUSD)61.3%66.2%1.016.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 9302026-11.8%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest4.8 days
Basic Shares Quantity9.6 Mil
Short % of Basic Shares1.3%

Earnings Returns History

Updated 11/4/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/26/20265.9%9.4% 
7/27/2026-9.2%-6.6%-10.9%
4/27/20261.1%1.1%0.8%
1/26/2026-0.8%-0.3%-1.1%
10/27/2025-0.2%-1.7%6.1%
7/28/20250.0%0.9%10.2%
4/28/20253.0%2.6%1.6%
1/27/2025-0.6%-1.0%-3.7%
...
SUMMARY STATS   
# Positive171517
# Negative796
Median Positive1.9%2.6%6.3%
Median Negative-1.2%-1.7%-6.7%
Max Positive5.9%11.0%28.2%
Max Negative-9.2%-6.6%-21.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/26/20265.9%9.4% 
7/27/2026-9.2%-6.6%-10.9%
4/27/20261.1%1.1%0.8%
1/26/2026-0.8%-0.3%-1.1%
10/27/2025-0.2%-1.7%6.1%
7/28/20250.0%0.9%10.2%
4/28/20253.0%2.6%1.6%
1/27/2025-0.6%-1.0%-3.7%
10/28/20240.4%-0.6%16.1%
7/29/2024-1.5%-4.9%1.8%
4/29/20245.9%5.4%11.5%
1/29/20241.1%1.9%1.0%
10/24/20235.1%4.1%28.2%
7/24/20231.1%2.8%1.7%
4/25/2023-1.2%-3.7%-21.7%
1/23/20232.9%2.0%6.3%
10/24/20221.2%3.9%18.7%
7/25/20221.9%1.2%6.3%
4/25/2022-1.7%-5.6%-9.7%
1/31/20223.8%11.0%14.5%
10/25/20210.1%-1.6%-0.5%
7/26/20210.1%1.5%3.0%
4/26/20211.9%2.5%2.6%
1/28/20213.0%3.9%9.3%
SUMMARY STATS   
# Positive171517
# Negative796
Median Positive1.9%2.6%6.3%
Median Negative-1.2%-1.7%-6.7%
Max Positive5.9%11.0%28.2%
Max Negative-9.2%-6.6%-21.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/06/202610-Q
12/31/202503/05/202610-K
09/30/202511/04/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202403/13/202510-K
09/30/202411/05/202410-Q
06/30/202408/06/202410-Q
03/31/202405/08/202410-Q
12/31/202303/05/202410-K
09/30/202311/03/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202203/07/202310-K
09/30/202211/07/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/06/202610-Q
12/31/202503/05/202610-K
09/30/202511/04/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202403/13/202510-K
09/30/202411/05/202410-Q
06/30/202408/06/202410-Q
03/31/202405/08/202410-Q
12/31/202303/05/202410-K
09/30/202311/03/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202203/07/202310-K
09/30/202211/07/202210-Q
06/30/202208/04/202210-Q
03/31/202205/04/202210-Q
12/31/202103/02/202210-K
09/30/202111/08/202110-Q
06/30/202108/05/202110-Q
03/31/202105/06/202110-Q
12/31/202003/08/202110-K
09/30/202011/06/202010-Q
06/30/202008/06/202010-Q
03/31/202005/11/202010-Q
12/31/201903/10/202010-K
09/30/201911/07/201910-Q

Recent Forward Guidance

Updated 11/2/2026

Latest: Q3 2026 Earnings Reported 10/26/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Quarterly DividendReported 0.12    
Q4 2026 Quarterly Dividend GrowthReported 14.0%    
Q4 2026 Amortization of Intangible AssetsReported 56000    
Q4 2026 Remaining Share Repurchase AuthorizationReported 0.41 Mil    


Prior: Q2 2026 Earnings Reported 7/27/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Contractual balance of maturing or repricing loansReported 93.00 Mil 102.2% Higher NewActual: 46.00 Mil for Q2 2026
Q3 2026 Contractual balance of maturing or repricing securitiesReported 7.00 Mil 0 Same NewActual: 7.00 Mil for Q2 2026
Q3 2026 Contractual balance of maturing certificate accountsReported 134.00 Mil 35.4% Higher NewActual: 99.00 Mil for Q2 2026
Q3 2026 Contractual interest rate of maturing or repricing loansReported 0.04  -1.2%Lower NewActual: 0.05 for Q2 2026
Q3 2026 Contractual interest rate of maturing or repricing securitiesReported 0.03  -0.1%Lower NewActual: 0.04 for Q2 2026
Q3 2026 Contractual interest rate of maturing certificate accountsReported 0.04  -0.1%Lower NewActual: 0.04 for Q2 2026

Q1 2026 Earnings Reported 4/27/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Maturing or Repricing Loans Contractual BalanceReported 46.00 Mil    
Q2 2026 Maturing or Repricing Securities Contractual BalanceReported 7.00 Mil    
Q2 2026 Maturing Certificate Accounts Contractual BalanceReported 99.00 Mil    
Q2 2026 Maturing or Repricing Loans Contractual Interest RateReported 0.05    
Q2 2026 Maturing or Repricing Securities Contractual Interest RateReported 0.04    
Q2 2026 Maturing Certificate Accounts Contractual Interest RateReported 0.04    

Q4 2025 Earnings Reported 1/26/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Effective Tax RateReported      

Insider Activity

Updated 8/10/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Felber, Francis E DirectBuy810202620.2550010,125522,349Form
2Bianchi, Stephen MCEO and PresidentIRABuy810202620.501,00020,5001,116,840Form
3Felber, Francis E DirectBuy518202620.6050010,300441,870Form
4Moll, James D DirectSell518202620.582,00041,168688,794Form
5Moll, James D DirectSell515202621.003,00063,006744,791Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Felber, Francis E DirectBuy810202620.2550010,125522,349Form
2Bianchi, Stephen MCEO and PresidentIRABuy810202620.501,00020,5001,116,840Form
3Felber, Francis E DirectBuy518202620.6050010,300441,870Form
4Moll, James D DirectSell518202620.582,00041,168688,794Form
5Moll, James D DirectSell515202621.003,00063,006744,791Form
6Skarvan, Kathleen PK Skarvan TrustBuy511202621.1675015,86943,374Form
7Conner, Michael R DirectBuy504202620.951,10023,044334,891Form
8Conner, Michael R DirectBuy807202515.031,60024,048223,737Form
9Olson, Timothy L DirectBuy805202514.991,47122,050385,003Form
10Skarvan, Kathleen PK Skarvan TrustBuy801202514.741,00014,74019,162Form
11Felber, Francis E DirectBuy731202514.803,00044,400295,260Form
Core Cache Last Updated: 11/5/2026