Citizens & North | 8-K: FY2025 Q3 Revenue: USD 40.95 M

Revenue: As of FY2025 Q3, the actual value is USD 40.95 M.

EPS: As of FY2025 Q3, the actual value is USD 0.42, missing the estimate of USD 0.51.

EBIT: As of FY2025 Q3, the actual value is USD -14.25 M.

Net Income

• Net income for the third quarter of 2025 was $6,551,000, or $0.42 per diluted share, compared to $6,117,000, or $0.40 per diluted share, in the second quarter of 2025 and $6,365,000, or $0.41 per diluted share, in the third quarter of 2024.
• For the nine months ended September 30, 2025, net income was $18,961,000, or $1.22 per diluted share, up from $17,784,000, or $1.16 per diluted share, for the first nine months of 2024.

Adjusted Earnings

• Excluding merger-related expenses, adjusted earnings (non-GAAP) for the third quarter of 2025 were $7,248,000, or $0.47 per diluted share.
• For the nine months ended September 30, 2025, adjusted earnings (non-GAAP) were $19,811,000, or $1.28 per diluted share.

Net Interest Income

• Net interest income for the third quarter of 2025 was $22,263,000, an increase of $1,121,000 from the second quarter of 2025 and $2,107,000 from the third quarter of 2024.
• For the nine months ended September 30, 2025, net interest income increased by $4,738,000 compared to the first nine months of 2024.

Provision for Credit Losses

• The provision for credit losses was $2,163,000 in the third quarter of 2025, down from $2,354,000 in the second quarter of 2025 and up from $1,207,000 in the third quarter of 2024.
• For the nine months ended September 30, 2025, the provision for credit losses was $4,753,000, an increase of $2,027,000 from the first nine months of 2024.

Noninterest Income

• Noninterest income for the third quarter of 2025 was $7,304,000, a decrease of $838,000 from the second quarter of 2025 and an increase of $171,000 from the third quarter of 2024.
• For the nine months ended September 30, 2025, noninterest income totaled $22,454,000, up $792,000 from the first nine months of 2024.

Noninterest Expense

• Noninterest expense, excluding merger-related expenses, was $18,507,000 in the third quarter of 2025, a decrease of $724,000 from the second quarter of 2025 and an increase of $238,000 from the third quarter of 2024.
• For the nine months ended September 30, 2025, noninterest expense, excluding merger-related expenses, totaled $56,781,000, an increase of $953,000 from the first nine months of 2024.

Cash Flow

• Cash and due from banks totaled $123,090,000 at September 30, 2025, up from $99,619,000 at June 30, 2025 and down from $184,213,000 at September 30, 2024.

Unique Metrics

• Total loans receivable were $25,849,000 higher at September 30, 2025 compared to June 30, 2025.
• Deposits totaled $2,165,735,000 at September 30, 2025, up $55,959,000 from June 30, 2025.

Outlook / Guidance

• The report includes forward-looking statements indicating that actual results may differ materially from those expressed in forward-looking statements due to various factors such as changes in interest rates, economic conditions, and regulatory changes.