# EDGAR Filing Document

**Accession Number:** 0001367859
**File Stem:** 0001367859-25-000082
**Filing Date:** 2025-10
**Character Count:** 142367
**Document Hash:** 39d1966d5e6e56d860d7dbf0d630dbe7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001367859-25-000082.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001367859-25-000082

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 72

**CONFORMED PERIOD OF REPORT**: 20251027

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Citizens Community Bancorp Inc.
- **CENTRAL INDEX KEY:** 0001367859
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 205120010
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33003
- **FILM NUMBER:** 251417620

**BUSINESS ADDRESS:**
- **STREET 1:** 2174 EASTRIDGE CENTER
- **CITY:** EAU CLAIRE
- **STATE:** WI
- **ZIP:** 54701
- **BUSINESS PHONE:** 715 836 9994

**MAIL ADDRESS:**
- **STREET 1:** 2174 EASTRIDGE CENTER
- **CITY:** EAU CLAIRE
- **STATE:** WI
- **ZIP:** 54701

?xml version='1.0' encoding='ASCII'? czwi-20251027

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

________________

**FORM 8-K** 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 27, 2025

**<u>CITIZENS COMMUNITY BANCORP, INC.</u>**

(Exact name of registrant as specified in its charter)

<u>Maryland</u> 

(State or other jurisdiction of incorporation)

001-33003 20-5120010 <br> (Commission File Number) (I.R.S. Employer Identification No.)

2174 EastRidge Center

Eau Claire, WI 54701

(Address and Zip Code of principal executive offices)

<u>715-836-9994</u> 

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

<u>Securities registered or to be registered pursuant to Section 12(b) of the Act:</u>

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $.01 par value per share | CZWI | NASDAQ Global Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933. (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter.)

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

<u>Item 2.02</u>. <u>Results of Operations and Financial Condition</u>.

On October 27, 2025, Citizens Community Bancorp, Inc. (the "Company") issued a press release announcing our financial results for the three and nine months ended September 30, 2025, and posted its Earnings Release Supplement and Earnings Release Presentation to its website. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K, a copy of the Earnings Release Supplement is attached hereto as Exhibit 99.2 and a copy of the Earnings Release Presentation is attached hereto as Exhibit 99.3. The attached Exhibits 99.1, 99.2 and 99.3 are furnished pursuant to Item 2.02 of Form 8-K.

On October 29, 2025, we will be filing this same Earnings Release Presentation with an updated cover sheet for the Hovde Group Financial Services Conference.

The information in this Item 2.02, Item 9.01 and Exhibits 99.1, 99.2 and 99.3 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

<u>Item 9.01</u>. <u>Financial Statements and Exhibits</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits. The following exhibit is being furnished herewith:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <u>[99.1](exhibit991earningsrelczwi2.htm)</u> | <u>[Press Release dated October 27, 2025](exhibit991earningsrelczwi2.htm)</u> |
| <u>[99.2](ex992.htm)</u> | <u>[Earnings Release Supplement dated October 27, 2025](ex992.htm)</u> |
| <u>[99.3](ex993.htm)</u> | <u>[Earnings Release Presentation dated October 27, 2025](ex993.htm)</u> |
| 104 | The cover page from this Current Report on Form 8-K in Inline XBRL (Extensible Business Reporting Language) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;

------

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | CITIZENS COMMUNITY BANCORP, INC. | CITIZENS COMMUNITY BANCORP, INC. |
| Date: October 27, 2025 | By: | /s/ James S. Broucek |
|  |  | James S. Broucek |
|  |  | Chief Financial Officer |

---

## Exhibit 99.1

 **EXHIBIT 99.1**![bancorp_logoa34.jpg](bancorp_logoa34.jpg)

**Citizens Community Bancorp, Inc. Reports Third Quarter 2025 Earnings of $0.37 Per Share; Redeems $15 Million of Subordinated Debt**

**EAU CLAIRE, WI, October 27, 2025 - Citizens Community Bancorp, Inc. (the "Company") (Nasdaq: CZWI),** the parent company of Citizens Community Federal N.A. (the "Bank" or "CCFBank"), today reported earnings of $3.7 million and earnings per diluted share of $0.37 for the third quarter ended September 30, 2025, compared to $3.3 million and earnings per diluted share of $0.33 for the second quarter ended June 30, 2025, and $3.3 million and $0.32 earnings per diluted share for the quarter ended September 30, 2024, respectively. For the nine months ended September 30, 2025, the Company reported earnings of $10.1 million and earnings per diluted share of $1.02 compared to the prior year period of $11.0 million and earnings per diluted share of $1.07.

The Company's improved third quarter 2025 operating results reflected the following changes from the second quarter of 2025: (1) a decrease in net interest income of $0.1 million, due to a decrease of $0.7 million in the recognition of interest income from loan payoffs, partially offset by a $0.4 million increase from higher asset yields and lower deposit costs and one more day of interest income; (2) lower provision for credit losses of $0.65 million compared to a $1.35 million provision in the second quarter; (3) higher non-interest income of $0.2 million; and (4) higher non-interest expense of $0.3 million.

Book value per share improved to $18.95 at September 30, 2025, compared to $18.36 at June 30, 2025, and $17.88 at September 30, 2024. Tangible book value per share (non-GAAP)<sup>1</sup> was $15.71 at September 30, 2025, compared to $15.15 at June 30, 2025, and a 7.3% increase from $14.64 at September 30, 2024, with dividends paid of 2.44% of the September 30, 2024 tangible book value. Since September 30, 2024, the Company has paid dividends to shareholders totaling $0.36 per share. For the third quarter of 2025, the increase in tangible book value was primarily due to the increase in net income in the quarter, along with the impact of lower unrealized losses on the available for sale investment portfolio. Stockholders' equity as a percentage of total assets was 10.82% at September 30, 2025, compared to 10.57% at June 30, 2025. Tangible common equity ("TCE") as a percent of tangible assets (non-GAAP)<sup>1</sup> increased to 9.13% at September 30, 2025, compared to 8.89% at June 30, 2025.

"Earnings met expectations, and capital grew in the quarter strengthening our balance sheet for share buybacks and strategic opportunities. Our tangible capital ratio now exceeds 9.1% and tangible book value increased 3.7% from the linked quarter to $15.71 per share. There was continued expansion in the net interest margin and strong non-interest income was driven by mortgage and SBA gains on sale. Strong credit practices resulted in net loan recoveries of $51 thousand and a $7 million decrease in criticized assets, offset partially by a $3.4 million increase in substandard loans. The ACL, which increased from 1.59% to 1.68% from last quarter, provides 141% coverage of non-performing loans. Unemployment remains below national averages, but middle-income consumers and smaller businesses, who are facing the pressure of higher costs (real estate taxes, insurance) and slowing income growth, are exhibiting increasing stress," stated Stephen Bianchi, Chairman, President, and Chief Executive Officer.

------

**September 30, 2025, Highlights:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Quarterly earnings were $3.7 million, or $0.37 per diluted share for the quarter ended September 30, 2025, an increase compared to earnings of $3.3 million, or $0.33 per diluted share for the quarter ended June 30, 2025, and an increase from $3.3 million, or $0.32 per diluted share for the quarter ended September 30, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For the nine months ended September 30, 2025, earnings were $10.1 million or $1.02 per diluted share compared to $11.0 million or $1.07 per diluted share for the nine-month period ending September 30, 2024. The decline in earnings for the nine-month period primarily relates to provisions for credit losses for the most recent nine-month period versus negative provisions for credit losses during the nine-month period ending September 30, 2024, as economic variables used by our third-party provider in the calculation of the allowance for credit losses ("ACL") have begun to normalize in the most recent periods.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest income decreased $0.1 million to $13.2 million for the current quarter ended September 30, 2025, from $13.3 million for the quarter ended June 30, 2025, and increased from $11.3 million for the quarter ended September 30, 2024. The decrease in net interest income from the second quarter of 2025 was primarily due to: (1) a net decrease of $0.5 million (11 bps) of interest income recognized on the payoffs of nonperforming loans to $0.2 million; (2) a decrease in purchase accretion of $0.3 million (7 bps) to $0.1 million as a result of loan payoffs; (3) the impact of one more day in the quarter on interest income, net of interest expense or $0.1 million, with these impacts removed from items 4 and 5 which follow: (4) higher interest income of $0.2 million (5 bps) on loans and investments due to loans repricing, the impact of new loan originations and mix of investments; (5) a decrease in deposit and borrowing costs of $0.2 million (4 bps); and (6) the impact of an increase in non-interest-bearing deposits (3bp).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The net interest margin decreased 7 basis points ("bps") to 3.20% for the quarter ended September 30, 2025, compared to the quarter ended June 30, 2025, and increased 57 bps from the quarter ended September 30, 2024. The basis for the changes in the net interest margin is noted above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The provision for credit losses was $0.65 million for the quarter ended September 30, 2025, compared to a provision for credit losses of $1.35 million, and a negative provision for credit losses of $0.4 million during the quarters ended June 30, 2025, and September 30, 2024, respectively. Factors affecting the September 30, 2025, provision for credit losses include: (1) the impact of changes in credit quality, i.e., changes in reserves on impaired loans, and the impact of delinquent loans at June 30, 2025, becoming current at September 30, 2025, of $0.9 million; partially offset by: (2) the net shrinkage in the loan portfolio of approximately $0.1 million; (3) $51 thousand of net recoveries; and (4) a decrease in off-balance sheet commitments from new construction originations of $0.1 million. The allowance for credit losses on loans was $22.2 million or 141% of total nonperforming loans of $15.8 million at September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-interest income increased by $0.2 million in the third quarter of 2025 to $3.0 million from $2.8 million the prior quarter and $0.1 million from the third quarter of 2024 of $2.9 million. The increase in the third quarter of 2025 from the second quarter was primarily due to higher gains on sale of loans, partially offset by a net loss on the sale of equity securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-interest expense increased $0.3 million to $11.1 million from $10.8 million for the previous quarter and increased $0.7 million from $10.4 million for the third quarter of 2024. The increase in non-interest expense compared to the linked quarter was largely due to compensation items, including higher medical costs and modestly higher incentive costs. The $0.7 million increase from the third quarter of 2024 was largely due to higher compensation expense, which includes the annual merit increase impact, higher medical costs and incentive costs along with inflation factors impacting non-interest expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The effective tax rate was 18.8% for the quarter ended September 30, 2025, compared to 19.2% for the quarter ended June 30, 2025, and 21.5% for the quarter ended September 30, 2024.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loans receivable decreased $22.6 million during the third quarter ended September 30, 2025, to $1.323 billion compared to the prior quarter end. The decrease was largely due to a reduction in loan originations from the second quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nonperforming assets increased $3.7 million during the quarter to $16.7 million at September 30, 2025, compared to $13.0 million at June 30, 2025, largely due to a $9 million multifamily loan moving from special mention to substandard which was partially offset by a $5 million payoff of an agricultural loan relationship.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Special mention loans decreased $10.3 million to $12.9 million at September 30, 2025, from $23.2 million at June 30, 2025. The decrease was largely due to a $9 million multi-family loan moving to substandard.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Substandard loans increased $3.4 million largely due to the $9 million multi-family loan moving to substandard and nonaccrual, partially offset by the payoff of a $5 million agricultural loan that was substandard and nonaccrual.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total deposits increased $2.1 million during the quarter ended September 30, 2025, to $1.48 billion. This was largely due to growth in commercial deposits of $17.1 million, partially offset by the seasonal shrinkage in public deposits of $15.2 million, with historical growth expected in the fourth quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• On September 1, 2025, the Company redeemed a 6% subordinated debt totaling $15 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The efficiency ratio was 67% for the quarter ended September 30, 2025, compared to 66% for the quarter ended June 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• On July 24, 2025, the Board of Directors authorized a new 5% common stock buyback authorization, or 499 thousand shares. The Company repurchased approximately 136 thousand shares at an average all in price of $14.93 per share during the quarter ended September 30, 2025. There remain approximately 363 thousand shares under this authorization.

**Balance Sheet and Asset Quality**

Total assets decreased by $8.2 million during the quarter to $1.727 billion at September 30, 2025.

Cash and cash equivalents increased $15.0 million as interest-bearing cash increased due to loan principal repayments and deposit increases.

The on-balance sheet liquidity ratio, which is defined as the fair market value of AFS and HTM securities that are not pledged and cash on deposit with other financial institutions, was 13.4% of total assets at September 30, 2025, compared to 12.2% at June 30, 2025. On-balance sheet liquidity, collateralized new borrowing capacity, and uncommitted federal funds borrowing availability was $741 million, or 267%, of uninsured and uncollateralized deposits at September 30, 2025, and $730 million, or 277% at June 30, 2025.

Securities available for sale ("AFS") increased $2.9 million during the quarter ended September 30, 2025, to $137.6 million from $134.8 million at June 30, 2025. The increase was due to the purchase of new corporate debt securities of $5 million, a decrease in the unrealized loss on AFS securities of $2.1 million partially offset by principal repayments of $32.8 million, and corporate debt security redemptions of $1.8 million.

Securities held to maturity ("HTM") decreased $1.5 million to $81.5 million during the quarter ended September 30, 2025, from $83.0 million at June 30, 2025, due to principal repayments.

Loans receivable decreased $22.6 million during the third quarter ended September 30, 2025, to $1.323 billion compared to the prior quarter end, as loan payoffs and scheduled principal payments outpaced new loan originations.

The office loan portfolio consisting of seventy-one loans totaled $26 million at September 30, 2025, compared to seventy loans totaling $26 million at June 30, 2025. Criticized loans in the office loan portfolio for the quarter ended September 30, 2025, totaled $0.2 million, compared to $0.5 million at June 30, 2025, and there have been no charge-offs in the trailing twelve months.

------

The allowance for credit losses on loans increased by $0.8 million to $22.2 million at September 30, 2025, representing 1.68% of total loans receivable compared to 1.59% of total loans receivable at June 30, 2025.The provision for credit losses was $0.65 million for the quarter ended September 30, 2025, compared to a provision for credit losses of $1.35 million, and a negative provision for credit losses of $0.4 million during the quarters ended June 30, 2025, and September 30, 2024, respectively. Factors affecting the September 30, 2025 provision for credit losses include: (1) the impact of changes in credit quality, i.e., changes in reserves on impaired loans, and the impact of delinquent loans at June 30, 2025, being current at September 30, 2025, of $0.9 million; partially offset by: (2) the net of shrinkage in the loan portfolio of approximately $0.1 million; (3) $51 thousand of net recoveries; and (4) a decrease in off-balance sheet commitments from new construction originations of $0.1 million.

**Allowance for Credit Losses ("ACL") - Loans Percentage**

(in thousands, except ratios)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 |
| Loans, end of period | $1323010 | $1345620 | $1352728 | $1368981 |
| Allowance for credit losses - Loans | $22182 | $21347 | $20205 | $20549 |
| ACL - Loans as a percentage of loans, end of period | 1.68% | 1.59% | 1.49% | 1.50% |

---

In addition to the ACL - Loans, the Company has established an ACL - Unfunded Commitments of $0.493 million at September 30, 2025, $0.627 million at June 30, 2025, and $0.460 million at September 30, 2024, classified in other liabilities on the consolidated balance sheets.

**Allowance for Credit Losses - Unfunded Commitments:**

(in thousands)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | September 30, 2025 and Three Months Ended | September 30, 2024 and Three Months Ended | September 30, 2025 and Nine Months Ended | September 30, 2024 and Nine Months Ended |
| &nbsp;&nbsp;&nbsp;ACL - Unfunded commitments - beginning of period | $627 | $712 | $334 | $1250 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additions (reductions) to ACL - Unfunded commitments via provision for credit losses charged to operations | (134) | (252) | 159 | (790) |
| &nbsp;&nbsp;&nbsp;ACL - Unfunded commitments - end of period | $493 | $460 | $493 | $460 |

---

Special mention loans decreased $10.3 million to $12.9 million at September 30, 2025, from $23.2 million in the previous quarter. The decrease was largely due to the transfer of one multi-family loan to substandard and nonperforming, which is experiencing slower leasing activity than expected.

Substandard loans increased $3.4 million to $21.3 million at September 30, 2025, compared to $17.9 million at June 30, 2025, largely due to the transfer from special mention of a multi-family loan totaling $9.0 million, partially offset by the payoff of one nonperforming loan relationship of $5 million.

Nonperforming assets increased by $3.7 million to $16.7 million at September 30, 2025, compared to $13.0 million at June 30, 2025. As described above, a $9 million multi-family loan that is experiencing slower leasing activity than expected was placed on nonaccrual in the third quarter, which was partially offset by the payoff of an agricultural nonperforming loan relationship of $5 million.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | (in thousands) | (in thousands) | (in thousands) | (in thousands) | (in thousands) |
| | September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 |
| Special mention loan balances | $12920 | $23201 | $14990 | $8480 | $11047 |
| Substandard loan balances | 21310 | 17922 | 19591 | 18891 | 21202 |
| Criticized loans, end of period | $34230 | $41123 | $34581 | $27371 | $32249 |

---

------

**Deposit Portfolio Composition**

(in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | September 30,<br>2025 | June 30,<br>2025 | March 31,<br>2025 | December 31,<br>2024 | September 30,<br>2024 |
| Consumer deposits | $855226 | $856467 | $861746 | $852083 | $844808 |
| Commercial deposits | 423662 | 406608 | 423654 | 412355 | 406095 |
| Public deposits | 175689 | 190933 | 211261 | 190460 | 176844 |
| Wholesale deposits | 25977 | 24408 | 26993 | 33250 | 92920 |
| Total deposits | $1480554 | $1478416 | $1523654 | $1488148 | $1520667 |

---

At September 30, 2025, the deposit portfolio composition was 58% consumer, 28% commercial, 12% public, and 2% wholesale deposits compared to 58% consumer, 27% commercial, 13% public, and 2% wholesale deposits at June 30, 2025.

**Deposit Composition By Type**

(in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | September 30,<br>2025 | June 30,<br>2025 | March 31,<br>2025 | December 31,<br>2024 | September 30,<br>2024 |
| Non-interest-bearing demand deposits | $262535 | $260248 | $253343 | $252656 | $256840 |
| Interest-bearing demand deposits | 360475 | 366481 | 386302 | 355750 | 346971 |
| Savings accounts | 157317 | 159340 | 167614 | 159821 | 169096 |
| Money market accounts | 354290 | 357518 | 370741 | 369534 | 366067 |
| Certificate accounts | 345937 | 334829 | 345654 | 350387 | 381693 |
| Total deposits | $1480554 | $1478416 | $1523654 | $1488148 | $1520667 |

---

Uninsured and uncollateralized deposits were $277.7 million, or 19% of total deposits at September 30, 2025, and $263.2 million, or 18% of total deposits at June 30, 2025. Uninsured deposits alone at September 30, 2025, were $421.5 million, or 28% of total deposits and $419.6 million, or 28% of total deposits at June 30, 2025.

Federal Home Loan Bank advances remained at $0 at September 30, 2025, and at June 30, 2025, and decreased $5.0 million from December 31, 2024.

On August 29, 2025, the Company redeemed a 6% subordinated debt totaling $15 million.

The Company repurchased approximately 136 thousand shares at an average all in price of $14.93 per share. There remain approximately 363 thousand shares under the current buyback authorization plan. This share repurchase authorization does not oblige the Company to repurchase any shares of its common stock.

------

**Review of Operations**

**Pre-Provision Net Revenue (PPNR)**

(in thousands, except yields and rates)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 |
| Pre-tax income | $4535 | $4047 | $3974 | $3358 | $4185 |
| Add back provision for credit losses | 650 | 1350 |  |  |  |
| Subtract negative provision for credit losses |  |  | (250) | (450) | (400) |
| Pre-Provision Net Revenue | $5185 | $5397 | $3724 | $2908 | $3785 |

---

Pre-Provision Net Revenue ("PPNR") is defined as net interest income plus total non-interest income minus total non-interest expense. This measure is a non-GAAP financial measure since it excludes the provision for (recovery of) credit losses included in net income.

Pre-provision net revenue includes net interest income recognized on the payoff of nonaccrual loans and loans with purchase credit discounts of $0.3 million and $1.1 million for the three-month periods ended September 30, 2025, and June 30, 2025, respectively.

Net interest income decreased $0.1 million to $13.2 million for the current quarter ended September 30, 2025, from $13.3 million for the quarter ended June 30, 2025, and increased from $11.3 million for the quarter ended September 30, 2024. The decrease in net interest income from the second quarter of 2025 was primarily due to: (1) a net decrease of $0.5 million (11 bps) of interest income recognized on the payoffs of nonperforming loans to $0.2 million; (2) a decrease in purchase accretion of $0.3 million (7 bps) to $0.1 million as a result of loan payoffs; (3) the impact of one more day in the quarter on interest income, net of interest expense or $0.1 million, with these impacts removed from items 4 and 5 which follow: (4) higher interest income of $0.2 million (5 bps) on loans and investments due to loans repricing, the impact of new loan originations and mix of investments; (5) a decrease in deposit and borrowing costs of $0.2 million (4 bps); and (6) the impact of an increase in non-interest-bearing deposits (3bp).

**Net interest income and net interest margin analysis:**

(in thousands, except yields and rates)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended |
| | September 30, 2025 | September 30, 2025 | June 30, 2025 | June 30, 2025 | March 31, 2025 | March 31, 2025 | December 31, 2024 | December 31, 2024 | September 30, 2024 | September 30, 2024 |
| | Net Interest Income | Net Interest Margin | Net Interest Income | Net Interest Margin | Net Interest Income | Net Interest Margin | Net Interest Income | Net Interest Margin | Net Interest Income | Net Interest Margin |
| As reported | $13214 | 3.20% | $13311 | 3.27% | $11594 | 2.85% | $11708 | 2.79% | $11285 | 2.63% |
| Less scheduled accretion for PCD loans | (17) | —% | (23) | (0.01)% | (36) | (0.01)% | (42) | (0.01)% | (45) | (0.01)% |
| Less paid loan accretion for PCD loans | (133) | (0.03)% | (416) | (0.10)% |  | —% |  | —% |  | —% |
| Less scheduled accretion interest | (30) | (0.01)% | (33) | (0.01)% | (33) | (0.01)% | (33) | (0.01)% | (33) | (0.01)% |
| Without loan purchase accretion | $13034 | 3.16% | $12839 | 3.15% | $11525 | 2.83% | $11633 | 2.77% | $11207 | 2.61% |

---

The table below shows the impact of certificate, loan and securities contractual fixed rate maturing and repricing.

------

**Portfolio Contractual Repricing:**

(in millions, except yields)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | FY 2027 |
| **Maturing Certificate Accounts:** |  |  |  |  |  |  |
| Contractual Balance | $95 | $138 | $63 | $36 | $10 | $3 |
| Contractual Interest Rate | 3.90% | 3.98% | 3.97% | 3.93% | 3.85% | 0.84% |
| **Maturing or Repricing Loans:** |  |  |  |  |  |  |
| Contractual Balance | $42 | $40 | $55 | $117 | $98 | $233 |
| Contractual Interest Rate | 4.95% | 4.59% | 4.71% | 3.70% | 3.84% | 4.64% |
| **Maturing or Repricing Securities:** |  |  |  |  |  |  |
| Contractual Balance | $7 | $2 | $7 | $7 | $3 | $7 |
| Contractual Interest Rate | 4.45% | 3.72% | 3.57% | 3.44% | 3.27% | 4.76% |

---

Non-interest income increased by $0.2 million in the third quarter of 2025, to $3.0 million from $2.8 million the prior quarter and $0.1 million from the third quarter of 2024 of $2.9 million. The increase in the third quarter of 2025 was due to higher gains on sale of loans, partially offset by lower gains on sale of equity securities and lower loan fees due to lower nonaccrual loan payoffs.

Non-interest expense increased $0.3 million to $11.1 million from $10.8 million for the previous quarter and increased $0.7 million from $10.4 million the third quarter of 2024. The increase in non-interest expense compared to the linked quarter was largely due to compensation items, including higher medical costs and modestly higher incentive costs. The $0.7 million increase from the third quarter of 2024 was largely due to higher compensation expense, which includes the annual merit increase impact, higher medical costs, incentive costs, and inflation factors impacting non-interest expense.

Provision for income taxes was $0.9 million in the third quarter of 2025 compared to $0.8 million in the second quarter of 2025. The effective tax rate was 18.8% for the quarter ended September 30, 2025, 19.2% for the quarter ended June 30, 2025, and 21.5% for the quarter ended September 30, 2024.

Certain items previously reported may be reclassified for consistency with the current presentation. These financial results are preliminary until the Form 10-Q is filed in November 2025.

**About the Company**

Citizens Community Bancorp, Inc. (NASDAQ: "CZWI") is the holding company of the Bank, a national bank based in Altoona, Wisconsin, currently serving customers primarily in Wisconsin and Minnesota through 21 branch locations. Its primary markets include the Chippewa Valley Region in Wisconsin, the Twin Cities and Mankato markets in Minnesota, and various rural communities around these areas. The Bank offers traditional community banking services to businesses, ag operators and consumers, including residential mortgage loans.

**Cautionary Statement Regarding Forward-Looking Statements**

Certain statements contained in this release are considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified using forward-looking words or phrases such as "anticipate," "believe," "could," "expect," "estimates," "intend," "may," "on pace," "preliminary," "planned," "potential," "should," "will," "would" or the negative of those terms or other words of similar meaning.

------

Such forward-looking statements in this release are inherently subject to many uncertainties arising in the operations and business environment of the Company and the Bank. These uncertainties include: conditions in the financial markets and economic conditions generally; the impact of inflation on our business and our customers; geopolitical tensions, including current or anticipated impact of military conflicts; higher lending risks associated with our commercial and agricultural banking activities; future pandemics (including new variants of COVID-19); cybersecurity risks; adverse impacts on the regional banking industry and the business environment in which it operates; interest rate risk; lending risk; changes in the fair value or ratings downgrades of our securities; the sufficiency of allowance for credit losses; competitive pressures among depository and other financial institutions; disintermediation risk; our ability to maintain our reputation; our ability to maintain or increase our market share; our ability to realize the benefits of net deferred tax assets; our ability to obtain needed liquidity; our ability to raise capital needed to fund growth or meet regulatory requirements; our ability to attract and retain key personnel; our ability to keep pace with technological change; prevalence of fraud and other financial crimes; the possibility that our internal controls and procedures could fail or be circumvented; our ability to successfully execute our acquisition growth strategy; risks posed by acquisitions and other expansion opportunities, including difficulties and delays in integrating the acquired business operations or fully realizing the cost savings and other benefits; restrictions on our ability to pay dividends; the potential volatility of our stock price; accounting standards for credit losses; legislative or regulatory changes or actions, or significant litigation, adversely affecting the Company or Bank; public company reporting obligations; changes in federal or state tax laws; and changes in accounting principles, policies or guidelines and their impact on financial performance. Stockholders, potential investors, and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Such uncertainties and other risks that may affect the Company's performance are discussed further in Part I, Item 1A, "Risk Factors," in the Company's Form 10-K, for the year ended December 31, 2024, filed with the Securities and Exchange Commission ("SEC") on March 13, 2025, and the Company's subsequent filings with the SEC. The Company undertakes no obligation to make any revisions to the forward-looking statements contained in this news release or to update them to reflect events or circumstances occurring after the date of this release.

<sup>1</sup> **Non-GAAP Financial Measures**

This press release contains non-GAAP financial measures, such as net income as adjusted, net income as adjusted per share, tangible book value, tangible book value per share, tangible common equity as a percent of tangible assets and return on average tangible common equity, which management believes may be helpful in understanding the Company's results of operations or financial position and comparing results over different periods.

Net income as adjusted and net income as adjusted per share are non-GAAP measures that eliminate the impact of certain expenses such as branch closure costs and related severance pay, accelerated depreciation expense and lease termination fees, and the gain on sale of branch deposits and fixed assets. Tangible book value, tangible book value per share, tangible common equity as a percentage of tangible assets and return on average tangible common equity are non-GAAP measures that eliminate the impact of goodwill and intangible assets on our financial position. Management believes these measures are useful in assessing the strength of our financial position.

Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this press release. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other banks and financial institutions.

Contact: Steve Bianchi, CEO

(715)-836-9994

(CZWI-ER)

------

**CITIZENS COMMUNITY BANCORP, INC.**

**Consolidated Balance Sheets**

(in thousands, except share data)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | September 30, 2025 (unaudited) | June 30, 2025 (unaudited) | December 31, 2024 (audited) | September 30, 2024 (unaudited) |
| *Assets* |  |  |  |  |
| Cash and cash equivalents | $82431 | $67454 | $50172 | $36632 |
| Securities available for sale "AFS" | 137639 | 134773 | 142851 | 149432 |
| Securities held to maturity "HTM" | 81526 | 83029 | 85504 | 87033 |
| Equity investments | 5675 | 5741 | 4702 | 5096 |
| Other investments | 12370 | 12379 | 12500 | 12311 |
| Loans receivable | 1323010 | 1345620 | 1368981 | 1424828 |
| Allowance for credit losses | (22182) | (21347) | (20549) | (21000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans receivable, net | 1300828 | 1324273 | 1348432 | 1403828 |
| Loans held for sale | 5346 | 6063 | 1329 | 697 |
| Mortgage servicing rights, net | 3532 | 3548 | 3663 | 3696 |
| Office properties and equipment, net | 16244 | 16357 | 17075 | 17365 |
| Accrued interest receivable | 6159 | 6123 | 5653 | 6235 |
| Intangible assets | 508 | 621 | 979 | 1158 |
| Goodwill | 31498 | 31498 | 31498 | 31498 |
| Foreclosed and repossessed assets, net | 911 | 895 | 915 | 1572 |
| Bank owned life insurance ("BOLI") | 26700 | 26494 | 26102 | 25901 |
| Other assets | 15620 | 15916 | 17144 | 16683 |
| TOTAL ASSETS | $1726987 | $1735164 | $1748519 | $1799137 |
| *Liabilities and Stockholders' Equity* |  |  |  |  |
| Liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | $1480554 | $1478416 | $1488148 | $1520667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank ("FHLB") advances |  |  | 5000 | 21000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 46762 | 61722 | 61606 | 61548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | 12856 | 11564 | 14681 | 15773 |
| Total liabilities | 1540172 | 1551702 | 1569435 | 1618988 |
| Stockholders' Equity: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock— $0.01 par value, authorized 30,000,000; 9,856,745, 9,991,997, 9,981,996, and 10,074,136 shares issued and outstanding, respectively | 99 | 100 | 100 | 101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 113030 | 114537 | 114564 | 115455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 86913 | 83709 | 80840 | 78438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (13227) | (14884) | (16420) | (13845) |
| Total stockholders' equity | 186815 | 183462 | 179084 | 180149 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $1726987 | $1735164 | $1748519 | $1799137 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**CITIZENS COMMUNITY BANCORP, INC.**

**Consolidated Statements of Operations**

(in thousands, except per share data)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended |
| | September 30, 2025 (unaudited) | June 30, 2025 (unaudited) | September 30, 2024 (unaudited) | September 30, 2025 (unaudited) | September 30, 2024 (unaudited) |
| Interest and dividend income: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and fees on loans | $19759 | $20105 | $20115 | $58466 | $60204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on investments | 2495 | 2397 | 2397 | 7393 | 7450 |
| Total interest and dividend income | 22254 | 22502 | 22512 | 65859 | 67654 |
| Interest expense: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on deposits | 8220 | 8287 | 10165 | 25104 | 28712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on FHLB borrowed funds | 1 | 1 | 128 | 13 | 1216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on other borrowed funds | 819 | 903 | 934 | 2623 | 2960 |
| Total interest expense | 9040 | 9191 | 11227 | 27740 | 32888 |
| Net interest income before provision for credit losses | 13214 | 13311 | 11285 | 38119 | 34766 |
| Provision for credit losses | 650 | 1350 | (400) | 1750 | (2725) |
| Net interest income after provision for credit losses | 12564 | 11961 | 11685 | 36369 | 37491 |
| Non-interest income: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 449 | 432 | 513 | 1304 | 1474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interchange income | 565 | 564 | 577 | 1647 | 1697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loan servicing income | 649 | 565 | 643 | 1773 | 1751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on sale of loans | 992 | 699 | 752 | 2411 | 1998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loan fees and service charges | 173 | 237 | 165 | 530 | 704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net gains (losses) on equity securities | (66) | 99 | (78) | 43 | (569) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Owned Life Insurance (BOLI) death benefit |  |  |  |  | 184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 260 | 240 | 349 | 743 | 859 |
| Total non-interest income | 3022 | 2836 | 2921 | 8451 | 8098 |
| Non-interest expense: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation and related benefits | 6341 | 6008 | 5743 | 17946 | 16901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occupancy | 1266 | 1196 | 1242 | 3749 | 3942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Data processing | 1811 | 1753 | 1665 | 5283 | 4787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of intangible assets | 113 | 179 | 178 | 471 | 536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage servicing rights expense, net | 161 | 148 | 163 | 449 | 427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advertising, marketing and public relations | 201 | 194 | 225 | 562 | 575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FDIC premium assessment | 195 | 191 | 201 | 584 | 606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Professional services | 359 | 432 | 336 | 1299 | 1249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Losses (gains) on repossessed assets, net | (4) |  | 65 |  | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 608 | 649 | 603 | 1921 | 2427 |
| Total non-interest expense | 11051 | 10750 | 10421 | 32264 | 31497 |
| Income before provision for income taxes | 4535 | 4047 | 4185 | 12556 | 14092 |
| Provision for income taxes | 853 | 777 | 899 | 2407 | 3043 |
| Net income attributable to common stockholders | $3682 | $3270 | $3286 | $10149 | $11049 |
| Per share information: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic earnings | $0.37 | $0.33 | $0.32 | $1.02 | $1.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted earnings | $0.37 | $0.33 | $0.32 | $1.02 | $1.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash dividends paid | $— | $— | $— | $0.36 | $0.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Book value per share at end of period | $18.95 | $18.36 | $17.88 | $18.95 | $17.88 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible book value per share at end of period (non-GAAP) | $15.71 | $15.15 | $14.64 | $15.71 | $14.64 |

---

------

**Loan Composition**

(in thousands)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | September 30, 2025 | June 30, 2025 | December 31, 2024 | September 30, 2024 |
| <u>Total Loans:</u> |  |  |  |  |
| Commercial/Agricultural real estate: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | $683931 | $693382 | $709018 | $730459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agricultural real estate | 64096 | 69237 | 73130 | 76043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Multi-family real estate | 237191 | 238953 | 220805 | 239191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction and land development | 74789 | 70477 | 78489 | 87875 |
| C&I/Agricultural operating: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 101700 | 109202 | 115657 | 119619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agricultural operating | 30085 | 31876 | 31000 | 27550 |
| Residential mortgage: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 125198 | 125818 | 132341 | 134944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchased HELOC loans | 1979 | 2368 | 2956 | 2932 |
| Consumer installment: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Originated indirect paper | 2567 | 2959 | 3970 | 4405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 4155 | 4275 | 5012 | 5438 |
| Gross loans | $1325691 | $1348547 | $1372378 | $1428456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unearned net deferred fees and costs and loans in process | (2563) | (2629) | (2547) | (2703) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unamortized discount on acquired loans | (118) | (298) | (850) | (925) |
| Total loans receivable | $1323010 | $1345620 | $1368981 | $1424828 |

---

**Nonperforming Assets**

Loan Balances at Amortized Cost

(in thousands, except ratios)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | September 30, 2025 | June 30, 2025 | December 31, 2024 | September 30, 2024 |
| Nonperforming assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual loans |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | $4592 | $5013 | $4594 | $4778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agricultural real estate | 220 | 5447 | 6222 | 6193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Multi-family real estate | 8970 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction and land development |  |  | 103 | 106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial ("C&I") | 1312 | 600 | 597 | 1956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agricultural operating |  |  | 793 | 901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 520 | 549 | 858 | 1088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer installment |  |  | 1 | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total nonaccrual loans | $15614 | $11609 | $13168 | $15042 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accruing loans past due 90 days or more | 137 | 521 | 186 | 530 |
| Total nonperforming loans ("NPLs") at amortized cost | 15751 | 12130 | 13354 | 15572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreclosed and repossessed assets, net | 911 | 895 | 915 | 1572 |
| Total nonperforming assets ("NPAs") | $16662 | $13025 | $14269 | $17144 |
| Loans, end of period | $1323010 | $1345620 | $1368981 | $1424828 |
| Total assets, end of period | $1726987 | $1735164 | $1748519 | $1799137 |
| Ratios: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NPLs to total loans | 1.19% | 0.90% | 0.98% | 1.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NPAs to total assets | 0.96% | 0.75% | 0.82% | 0.95% |

---

------

**Average Balances, Interest Yields and Rates**

(in thousands, except yields and rates)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | Three Months Ended <br>September 30, 2025 | Three Months Ended <br>September 30, 2025 | Three Months Ended <br>September 30, 2025 | Three Months Ended <br>June 30, 2025 | Three Months Ended <br>June 30, 2025 | Three Months Ended <br>June 30, 2025 | Three Months Ended<br>September 30, 2024 | Three Months Ended<br>September 30, 2024 | Three Months Ended<br>September 30, 2024 |
| | Average<br>Balance | Interest<br>Income/<br>Expense | Average<br>Yield/<br>Rate | Average<br>Balance | Interest<br>Income/<br>Expense | Average<br>Yield/<br>Rate | Average<br>Balance | Interest<br>Income/<br>Expense | Average<br>Yield/<br>Rate |
| **Average interest earning assets:** |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $62395 | $693 | 4.41% | $44377 | $493 | 4.46% | $25187 | $360 | 5.69% |
| Loans receivable | 1342635 | 19759 | 5.84% | 1353332 | 20105 | 5.96% | 1429928 | 20115 | 5.60% |
| Investment securities | 220213 | 1738 | 3.13% | 223318 | 1735 | 3.12% | 236960 | 1966 | 3.30% |
| Other investments | 12373 | 64 | 2.05% | 12400 | 169 | 5.47% | 12553 | 71 | 2.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest earning assets | $1637616 | $22254 | 5.39% | $1633427 | $22502 | 5.53% | $1704628 | $22512 | 5.25% |
| **Average interest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| Savings accounts | $158905 | $306 | 0.76% | $160849 | $335 | 0.84% | $170777 | $450 | 1.05% |
| Demand deposits | 376145 | 2061 | 2.17% | 372723 | 1986 | 2.14% | 357201 | 2152 | 2.40% |
| Money market accounts | 358956 | 2512 | 2.78% | 361420 | 2510 | 2.79% | 381369 | 3126 | 3.26% |
| CD's | 339566 | 3341 | 3.90% | 342959 | 3456 | 4.04% | 379722 | 4437 | 4.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | $1233572 | $8220 | 2.64% | $1237951 | $8287 | 2.69% | $1289069 | $10165 | 3.14% |
| FHLB advances and other borrowings | 54389 | 820 | 5.98% | 61781 | 904 | 5.87% | 80338 | 1062 | 5.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | $1287961 | $9040 | 2.78% | $1299732 | $9191 | 2.84% | $1369407 | $11227 | 3.26% |
| Net interest income |  | $13214 |  |  | $13311 |  |  | $11285 |  |
| Interest rate spread |  |  | 2.61% |  |  | 2.69% |  |  | 1.99% |
| Net interest margin |  |  | 3.20% |  |  | 3.27% |  |  | 2.63% |
| Average interest earning assets to average interest-bearing liabilities |  |  | 1.27 |  |  | 1.26 |  |  | 1.24 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | Nine Months Ended<br>September 30, 2025 | Nine Months Ended<br>September 30, 2025 | Nine Months Ended<br>September 30, 2025 | Nine Months Ended<br>September 30, 2024 | Nine Months Ended<br>September 30, 2024 | Nine Months Ended<br>September 30, 2024 |
| | Average<br>Balance | Interest<br>Income/<br>Expense | Average<br>Yield/<br>Rate | Average<br>Balance | Interest<br>Income/<br>Expense | Average<br>Yield/<br>Rate |
| **Average interest earning assets:** |  |  |  |  |  |  |
| Cash and cash equivalents | $51589 | $1710 | 4.43% | $19073 | $823 | 5.76% |
| Loans receivable | 1353030 | 58466 | 5.78% | 1441972 | 60204 | 5.58% |
| Investment securities | 223985 | 5282 | 3.15% | 240054 | 6038 | 3.36% |
| Other investments | 12423 | 401 | 4.32% | 12983 | 589 | 6.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest earning assets | $1641027 | $65859 | 5.37% | $1714082 | $67654 | 5.27% |
| **Average interest-bearing liabilities:** |  |  |  |  |  |  |
| Savings accounts | $162222 | $1048 | 0.86% | $173946 | $1300 | 1.00% |
| Demand deposits | 377051 | 6079 | 2.16% | 355356 | 6192 | 2.33% |
| Money market accounts | 361944 | 7557 | 2.79% | 378740 | 9005 | 3.18% |
| CD's | 342077 | 10420 | 4.07% | 364131 | 12215 | 4.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | $1243294 | $25104 | 2.70% | $1272173 | $28712 | 3.01% |
| FHLB advances and other borrowings | 60231 | 2636 | 5.85% | 108897 | 4176 | 5.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | $1303525 | $27740 | 2.85% | $1381070 | $32888 | 3.18% |
| Net interest income |  | $38119 |  |  | $34766 |  |
| Interest rate spread |  |  | 2.52% |  |  | 2.09% |
| Net interest margin |  |  | 3.11% |  |  | 2.71% |
| Average interest earning assets to average interest bearing liabilities |  |  | 1.26 |  |  | 1.24 |

---

------

**Wholesale Deposits**

(in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Quarter Ended | Quarter Ended | Quarter Ended | Quarter Ended | Quarter Ended |
| | September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 |
| Brokered certificate accounts | $— | $— | $5489 | $14123 | $48578 |
| Brokered money market accounts | 5131 | 5092 | 5053 | 5002 | 18076 |
| Third party originated reciprocal deposits | 20846 | 19316 | 16451 | 14125 | 26266 |
| Total | $25977 | $24408 | $26993 | $33250 | $92920 |

---

**Key Financial Metric Ratios:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended |
| | September 30, 2025 | June 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 |
| Ratios based on net income: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average assets (annualized) | 0.84% | 0.75% | 0.72% | 0.78% | 0.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average equity (annualized) | 7.90% | 7.23% | 7.34% | 7.48% | 8.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average tangible common equity<sup>4</sup> (annualized)  | 9.80% | 9.18% | 9.38% | 9.43% | 10.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;Efficiency ratio | 67% | 66% | 72% | 68% | 71% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest margin with loan purchase accretion | 3.20% | 3.27% | 2.63% | 3.11% | 2.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest margin without loan purchase accretion | 3.16% | 3.15% | 2.61% | 3.05% | 2.69% |

---

**Reconciliation of Return on Average Assets**

(in thousands, except ratios)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended |
| | September 30, 2025 | June 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 |
| GAAP earnings after income taxes | $3682 | $3270 | $3286 | $10149 | $11049 |
| Average assets | $1735752 | $1745897 | $1810826 | $1746423 | $1822106 |
| Return on average assets (annualized) | 0.84% | 0.75% | 0.72% | 0.78% | 0.81% |

---

**Reconciliation of Return on Average Equity**

(in thousands, except ratios)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended |
| | September 30, 2025 | June 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 |
| GAAP earnings after income taxes | $3682 | $3270 | $3286 | $10149 | $11049 |
| Average equity | $184822 | $181370 | $178050 | $181513 | $174436 |
| Return on average equity (annualized) | 7.90% | 7.23% | 7.34% | 7.48% | 8.46% |

---

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**Reconciliation of Return on Average Tangible Common Equity (non-GAAP)**

(in thousands, except ratios)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended |
| | September 30, 2025 | June 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 |
| Total stockholders' equity | $186815 | $183462 | $180149 | $186815 | $180149 |
| Less: Goodwill | (31498) | (31498) | (31498) | (31498) | (31498) |
| Less: Intangible assets | (508) | (621) | (1158) | (508) | (1158) |
| Tangible common equity (non-GAAP) | $154809 | $151343 | $147493 | $154809 | $147493 |
| Average tangible common equity (non-GAAP) | $152759 | $149161 | $145305 | $149292 | $141512 |
| GAAP earnings after income taxes | 3682 | 3270 | 3286 | 10149 | 11049 |
| Amortization of intangible assets, net of tax | 92 | 145 | 140 | 381 | 374 |
| Tangible net income | $3774 | $3415 | $3426 | $10530 | $11423 |
| Return on average tangible common equity (annualized) | 9.80% | 9.18% | 9.38% | 9.43% | 10.78% |

---

**Reconciliation of Efficiency Ratio**

(in thousands, except ratios)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended |
| | September 30, 2025 | June 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 |
| Non-interest expense (GAAP) | $11051 | $10750 | $10421 | $32264 | $31497 |
| Less amortization of intangibles | (113) | (179) | (178) | (471) | (536) |
| Efficiency ratio numerator (GAAP) | $10938 | $10571 | $10243 | $31793 | $30961 |
| Non-interest income | $3022 | $2836 | $2921 | $8451 | $8098 |
| Add back net losses on debt and equity securities | (66) |  | (78) |  | (569) |
| Subtract net gains on debt and equity securities |  | 99 |  | 43 |  |
| Net interest income | 13214 | 13311 | 11285 | 38119 | 34766 |
| Efficiency ratio denominator (GAAP) | $16302 | $16048 | $14284 | $46527 | $43433 |
| Efficiency ratio (GAAP) | 67% | 66% | 72% | 68% | 71% |

---

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**Reconciliation of tangible book value per share (non-GAAP)**

(in thousands, except per share data)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Tangible book value per share at end of period** | September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 |
| Total stockholders' equity | $186815 | $183462 | $180051 | $179084 | $180149 |
| Less: Goodwill | (31498) | (31498) | (31498) | (31498) | (31498) |
| Less: Intangible assets | (508) | (621) | (800) | (979) | (1158) |
| Tangible common equity (non-GAAP) | $154809 | $151343 | $147753 | $146607 | $147493 |
| Ending common shares outstanding | 9856745 | 9991997 | 9989536 | 9981996 | 10074136 |
| Book value per share | $18.95 | $18.36 | $18.02 | $17.94 | $17.88 |
| Tangible book value per share (non-GAAP) | $15.71 | $15.15 | $14.79 | $14.69 | $14.64 |

---

**Reconciliation of tangible common equity as a percent of tangible assets (non-GAAP)**

(in thousands, except ratios)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Tangible common equity as a percent of tangible assets at end of period** | September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 |
| Total stockholders' equity | $186815 | $183462 | $180051 | $179084 | $180149 |
| Less: Goodwill | (31498) | (31498) | (31498) | $(31498) | $(31498) |
| Less: Intangible assets | (508) | (621) | (800) | $(979) | $(1158) |
| Tangible common equity (non-GAAP) | $154809 | $151343 | $147753 | $146607 | $147493 |
| Total Assets | $1726987 | $1735164 | $1779963 | $1748519 | $1799137 |
| Less: Goodwill | (31498) | (31498) | (31498) | (31498) | (31498) |
| Less: Intangible assets | (508) | (621) | (800) | (979) | (1158) |
| Tangible Assets (non-GAAP) | $1694981 | $1703045 | $1747665 | $1716042 | $1766481 |
| Total stockholders' equity to total assets ratio | 10.82% | 10.57% | 10.12% | 10.24% | 10.01% |
| Tangible common equity as a percent of tangible assets (non-GAAP) | 9.13% | 8.89% | 8.45% | 8.54% | 8.35% |

---

<sup>1</sup>*Net income as adjusted and net income as adjusted per share are non-GAAP financial measures that management believes enhance investors' ability to understand the underlying business performance and trends related to core business activities. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial table "Reconciliation of GAAP Net Income and Net Income as Adjusted (non-GAAP)".*

<sup>2</sup>*Return on average assets as adjusted is a non-GAAP measure that management believes enhance investors' ability to understand the underlying business performance and trends relative to average assets. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial table "Reconciliation of Return on Average Assets as Adjusted (non-GAAP)".*

<sup>3</sup>*Return on average equity as adjusted is a non-GAAP measure that management believes enhance investors' ability to understand the underlying business performance and trends relative to average equity. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial table "Reconciliation of Return on Average Equity as Adjusted (non-GAAP)".*

<sup>4</sup>*Tangible book value, tangible book value per share, tangible common equity as a percent of tangible assets and return on tangible common equity are non-GAAP measures that management believes enhance investors' ability to understand the Company's financial position. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial table "Reconciliation of tangible book value per share (non-GAAP)", "Reconciliation of tangible common equity as a percent of tangible assets (non-GAAP)", and "Reconciliation of return on average tangible common equity)".*

## Exhibit 99.2

![](ex992001.jpg)

EXHIBIT 99.2 Earnings Release Supplement Third Quarter 2025

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![](ex992002.jpg)

Citizens Community Bancorp, Inc. **Table of Contents** Cautionary Notes and Additional Disclosures Deposit Composition Commercial Deposit Concentrations Top 100 Depositors Liquidity Non-Owner Occupied CRE Owner Occupied CRE Multi-family Commercial & Industrial Loans Construction & Development Loans Agricultural Real Estate & Operating Loans (The following four slides are loans included in previous commercial loan slides above, excluding Multi-family loans) Hotel Loans Restaurant Loans Campground Loans Office Loans Credit Quality/Risk Rating Descriptions Loans by Risk Rating as of September 30, 2025 Loans by Risk Rating as of June 30, 2025 Loans by Risk Rating as of December 31, 2024 Loans by Risk Rating as of September 30, 2024 Allowance for Credit Losses – Loans Allowance for Credit Losses – Unfunded Commitments Delinquency as of September 30, 2025 and June 30, 2025 Delinquency as of December 31, 2024 and September 30, 2024 Page(s) 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 18 19 19 20 20 21 22 Nonaccrual Loans Roll Forward Other Real Estate Owned Roll Forward Investments – Amortized Cost and Fair Value Investments – Credit Ratings Earnings Per Share Economic Value of Equity Net Interest Income Over One Year Horizon Selected Capital Composition Highlights – Bank and Company Fair Value Accounting and Fair Value Table Page(s) 23 23 24 24 25 26 26 27 28 1

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![](ex992003.jpg)

Cautionary Notes and Additional Disclosures SOURCE, DATES AND PERIODS PRESENTED In this earnings release financial supplement, unless otherwise noted, data from internal documents was used as the source for this document. Unless otherwise noted, "20YY" refers to either the corresponding fiscal year-end date or the corresponding 12-months (i.e. fiscal year) then ended. "MMM-YY" refers to either the corresponding quarter-end date, or the corresponding three-month period then ended. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This earnings release financial supplement may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, descriptions of the financial condition, results of operations, asset and credit quality trends, profitability, projected earnings, future plans, strategies and expectations of Citizens Community Bancorp, Inc. ("CZWI" or the "Company") and its subsidiary, Citizens Community Federal, National Association ("CCFBank"). The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of complying with those safe harbor provisions. Forward-looking statements, which are based on certain assumptions of the Company, are generally identifiable by use of the words "believe," "expect," "estimates," "intend," "anticipate," "estimate," "project," "on pace," "seek," "target," "potential," "focus," "may," "preliminary," "could," "should" or similar expressions. These forward-looking statements express management's current expectations or forecasts of future events, and by their nature, are subject to risks and uncertainties. Therefore, there are a number of factors that might cause actual results to differ materially from those in such statements. These uncertainties include: conditions in the financial markets and economic conditions generally; the impact of inflation on our business and our customers; geopolitical tensions, including current or anticipated impact of military conflicts; higher lending risks associated with our commercial and agricultural banking activities; future pandemics (including new variants of COVID-19); cybersecurity risks; adverse impacts on the regional banking industry and the business environment in which it operates; interest rate risk; lending risk; changes in the fair value or ratings downgrades of our securities; the sufficiency of allowance for credit losses; competitive pressures among depository and other financial institutions; disintermediation risk; our ability to maintain our reputation; our ability to maintain or increase our market share; our ability to realize the benefits of net deferred tax assets; our ability to obtain needed liquidity; our ability to raise capital needed to fund growth or meet regulatory requirements; our ability to attract and retain key personnel; our ability to keep pace with technological change; prevalence of fraud and other financial crimes; the possibility that our internal controls and procedures could fail or be circumvented; our ability to successfully execute our acquisition growth strategy; risks posed by acquisitions and other expansion opportunities, including difficulties and delays in integrating the acquired business operations or fully realizing the cost savings and other benefits; restrictions on our ability to pay dividends; the potential volatility of our stock price; accounting standards for credit losses; legislative or regulatory changes or actions, or significant litigation, adversely affecting the Company or Bank; public company reporting obligations; changes in federal or state tax laws; and changes in accounting principles, policies or guidelines and their impact on financial performance. Stockholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Such uncertainties and other risks that may affect the Company's performance are discussed further in Part I, Item 1A, "Risk Factors," in the Company's Form 10-K, for the year ended December 31, 2024, filed with the Securities and Exchange Commission ("SEC") on March 13, 2025, and the Company's subsequent filings with the SEC. The Company undertakes no obligation to make any revisions to the forward- looking statements contained herein or to update them to reflect events or circumstances occurring after the date hereof. NON-GAAP FINANCIAL MEASURES This earnings release financial supplement contains non-GAAP financial measures. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of the registrant's historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet or statement of cash flows (or equivalent statements) of the issuer; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. In this regard, GAAP refers to generally accepted accounting principles in the United States. Non-GAAP financial measures referred to herein include net income as adjusted, return on average equity as adjusted, and return on average assets as adjusted. Reconciliations of all non-GAAP financial measures used herein to the comparable GAAP financial measures appear in the appendix at the end of this presentation. 2

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![](ex992004.jpg)

Deposit Composition September 30, 2025 Average Account Size (In Thousands) AmountType $16Retail $66Commercial $406Public $1.48 Billion 81% of deposits insured or collateralized Top 10 Depositors Coverage Beyond FDIC(1)Industry% of DepositsRank ICSPublic Administration2.3%1 ICSHealth Care2.2%2 ICSEducational Services1.7%3 CollateralizedPublic Administration1.1%4 CollateralizedPublic Administration1.0%5 CollateralizedPublic Administration0.9%6 NoneProfessional, Scientific, & Technical Services0.8%7 CollateralizedPublic Administration0.6%8 ICSManufacturing0.5%9 CollateralizedPublic Administration0.5%10 (1) Coverage by ICS and private insurance may not cover entire balance 3

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![](ex992005.jpg)

Commercial Deposit Concentrations September 30, 2025 Diverse commercial deposit base with no industry concentration over 10% 4

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![](ex992006.jpg)

Top 100 Depositors September 30, 2025 $1.48 Billion 5

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![](ex992007.jpg)

Liquidity September 30, 2025 $741 Million 6

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![](ex992008.jpg)

Portfolio Fundamentals 49% 22% 29% Wisconsin Minnesota Other By Geography As of 9/30/25 • Typically, well seasoned investors with multiple projects, track record of success and personal financial strength (Net Worth/Liquidity) • Maximum LTV =<80% with recourse to owners with >20% interest • Term of 5-10 years with 20 to 25-year amortizations depending on property type, markets and strength and liquidity of sponsors • Minimum DSC and/or Global DSC covenant required to monitor performance ranging from 1.15x-1.25x • Conservative underwriting approach emphasizing actual results or market data • Appropriate use of SBA 504/7a for lower cash injection or special use projects Non – Owner Occupied CRE 9/30/2025 6/30/2025 $447 $453 723 732 $618 $618 Approximate Weighted Average LTV 52% 52% 48 45 Trailing 12 Month Net Charge-Offs 0.00% 0.00% $5.8 $7.2 2.2% 1.6% Weighted Average Seasoning In Months Loan Balance Outstanding In Millions Number of Loans Average Loan Size In Thousands Portfolio Characteristics - Non-Owner Occupied CRE As of Criticized Loans Millions Criticized Loans as a Percent of Total 30% 22% 20% 9% 5% 3% 3% 2%2%4% CRE - Campground Investor Residential Hotel CRE - Retail CRE - Senior Living CRE - Warehouse/Mini Storage CRE - Office CRE - Mixed Use CRE - Industrial/Manufacturing Other Non – Owner Occupied CRE As of 9/30/25 7

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![](ex992009.jpg)

21% 20% 16% 11% 9% 5% 18% CRE Restaurant CRE Warehouse/Mini Storage CRE Industrial/Manufacturing CRE Retail CRE Mixed Use CRE Office Other Owner Occupied CRE As of 9/30/25 Portfolio Fundamentals 79% 15% 6% Wisconsin Minnesota Other By Geography As of 9/30/25 • Underwritten to <80% LTV based on appraised value • Term of 5-10 years with 20-year amortization • Recourse to owners with greater than 20% interest • DSC covenant of 1.25x on project and/or Global DSC of 1.15x • Appropriate use of SBA 504/7a for lower cash injection or special use projects • By Geography "Other" segment includes borrowers with warm climates, no income tax states Owner Occupied CRE 9/30/2025 6/30/2025 $237 $241 375 387 $633 $622 Approximate Weighted Average LTV 50% 50% 47 45 Trailing 12 Month Net Charge-Offs (Recoveries) 0.02% 0.02% $8.7 $8.2 3.7% 3.4%Criticized Loans as a Precent of Total Weighted Average Seasoning In Months Criticized Loans In Millions Portfolio Characteristics - Owner Occupied CRE Loan Balance Outstanding In Millions Number of Loans Average Loan Size In Thousands As of 8

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![](ex992010.jpg)

Portfolio Fundamentals 62% 27% 11% Wisconsin Minnesota Other By Geography As of 9/30/25 41% 24% 12% 9% 4% 3% 1% 6% 2021 2022 2020 2025 2024 2023 2019 Prior to 2019 By Vintage As of 9/30/25 • Housing markets in Eau Claire, La Crosse and Mankato markets supported by student populations at state universities, technical colleges, and growing population and job markets • Multi-family sponsors experienced owners with multi-project portfolios • Typically underwritten to 75% LTV based on appraised value with recourse; metro markets and/or strong sponsors may warrant up to 80% LTV • Generally, term of 5-10 years with 20 to 25-year amortization (varies by new versus existing, size of market and sponsor strength) • Covenant for minimum DSC/Global DSC Multi-family 9/30/2025 6/30/2025 $237 $239 129 129 $1.84 $1.85 61% 62% Weighted Average Seasoning In Months 45 42 0% 0% $9.0 $9.0 3.8% 3.8%Criticized Loans as a Percent of Total Approximate Weighted Average LTV Trailing 12 Month Net Charge-Offs Criticized Loans in Millions Portfolio Characteristics - Multi-family Loan Balance Outstanding In Millions Number of Loans Average Loan Size In Millions As of 9

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![](ex992011.jpg)

90% 9% 1% Wisconsin Minnesota Other By Geography As of 9/30/25 15% 14% 13% 8%8% 6% 5% 4% 4% 3% 2% 18% Transportation and Warehousing Manufacturing Finance and Insurance Construction Retail Trade Administrative Support Public Admin Real Estate, Rental and Leasing Wholesale Trade Education Services Agriculture Other Commercial & Industrial As of 9/30/25 • Highly diversified, secured loan portfolio underwritten with recourse • Lines of credit reviewed annually and may have borrowing base certificates governing line usage • Fixed asset LTV's based on age and type of equipment; <5-year amortization • Use of SBA Guaranty Program (Preferred Lender or General Processing) as appropriate • "Retail Trade" segment consists of Farm Supply, Franchised Hardware, Franchised Auto Parts, Franchised and Non-franchised Auto Dealers and Repair Shops, Convenience Stores/Gas Stations Commercial & Industrial Loans 9/30/2025 6/30/2025 $102 $109 625 623 $163 $175 33 34 0.04% 0.03% $48 $42 $7.3 $7.8 Criticized Loans as a Precent of Total 7.2% 7.2% Criticized Loans In Millions Weighted Average Seasoning In Months Trailing 12 Month Net Charge-Offs Committed Line, if collateral In Millions Portfolio Characteristics - Commercial & Industrial Loan Balance In Millions Number of Loans Average Loan Size In Thousands As of Portfolio Fundamentals 10

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![](ex992012.jpg)

Portfolio Fundamentals 23% 23% 15% 10% 9% 1% 19% Multi-Family Campgrounds Hospitality Land 1-4 Family Retail Other Construction & Development As of 9/30/25 59% 14% 10% 9% 8% Wisconsin Colorado Tennessee Texas Minnesota By Geography As of 9/30/25 • Underwritten to 75-80% LTV based on lesser of cost or appraised value with full recourse • Interest only typically up to 18 months (depending on project complexity and seasonal timing) followed by amortization of 15-25 years (terms vary by property type) • Borrower equity contribution of cash/land value =>15% injected at the beginning of project (cash/land contribution) • Construction loans require 3rd party inspections and title company draws after balancing to sworn construction statement Construction & Development Loans 9/30/2025 6/30/2025 Loan Balance Outstanding In Millions $75 $70 Number of Loans 87 92 Average Loan Size In Millions $0.9 $0.8 Approximate Weighted Average LTV 73% 70% Trailing 12 Month Net Charge-Offs 0.00% 0.00% Percent Utilized of Commitments 62% 59% $0.0 $0.0 Criticized Loans as a Percent of Total 0.0% 0.0% Portfolio Characteristics - Construction & Development As of Criticized Loans in Millions 11

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![](ex992013.jpg)

41% 28% 19% 12% Crop Other Farming Dairy Other Agricultural As of 9/30/25 Portfolio Fundamentals 79% 20% 1% Wisconsin Minnesota Other By Geography As of 9/30/25 • Producers required to have marketing plans to mitigate volatility of commodities • Appropriate crop/revenue insurance and/or dairy margin protection required • Maximum ag RE LTV of less than 65%; equipment LTV of less than 75% • Appropriate structuring to separate crop production cycles and to match length of loan with asset financed • Use of Farmer Mac, FSA, SBA or USDA programs to address DSC, collateral margins or working capital • Operating and ag loan relationships are typically cross collateralized Agricultural Real Estate & Operating Loans 9/30/2025 6/30/2025 $94 $101 454 456 $207 $222 39 42 (0.03%) (0.04%) Criticized Loans in Millions $0.8 $6.1 0.9% 6.0%Criticized Loans as a Percent of Total Weighted Average Seasoning In Months Trailing 12 Month Net Charge-Offs (Recoveries) Portfolio Characteristics - Agricultural Loan Balance Outstanding In Millions Number of Loans Average Loan Size In Thousands As of 12

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![](ex992014.jpg)

47% 33% 20% Limited Service Full Service Other Hotels As of 9/30/25 Portfolio Fundamentals 43% 35% 14% 8% Minnesota Wisconsin Illinois Colorado By Geography As of 9/30/25 • Mainly experienced multi project hoteliers and guarantors with strong personal financial statements (net worth and liquidity) • Mainly flagged/franchised limited stay properties • Underwriting consistent with management's conservative approach to Investor CRE, emphasizing actual results stressed scenarios in underwriting Hotel Loans 9/30/2025 6/30/2025 $98 $98 21 21 $4.7 $4.6 54% 53% 0.00% 0.00% Criticized Loans in Millions $3.5 $3.6 3.5% 3.7%Criticized Loans as a Precent of Total As of Number of Loans Trailing 12 Month Net Charge Offs (Recoveries) Portfolio Characteristics - Hotels Loan Balance Outstanding In Millions Average Loan Size In Millions Approximate Weighted Average LTV 13

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![](ex992015.jpg)

60%21% 12% 3% 3% 1% Culver's - Limited Service Restaurants Bowling Centers Drinking Establishments Other National Limited Services Other Restaurants As of 9/30/25 Portfolio Fundamentals 58% 26% 16% Wisconsin Minnesota Other By Geography As of 9/30/25 • Experienced developers/operators of national Limited /Quick Service brands (Culver's, Subway, Dairy Queen, McDonalds, Jimmy John's, A&W) • Underwritten to =<80% LTV with full recourse (depending on sponsor history); 20-year amortization with 5 to 10-year terms • Use of SBA Guaranty Program (Preferred Lender or General Processing) as appropriate • Drinking establishments may have other collateral pledged and tend to be in smaller communities in our footprint Restaurant Loans 9/30/2025 6/30/2025 $59 $58 82 81 $724 $717 49% 48% 0.00% 0.00% Criticized Loans In Millions $3.29 $0.21 5.5% 0.4%Criticized Loans as a Percent of Total Portfolio Characteristics - Restaurants As of Trailing 12 Month Net Charge-Offs Loan Balance Outstanding In Millions Number of Loans Average Loan Size In Thousands Approximate Weighted Average LTV 14

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![](ex992016.jpg)

22% 20% 18% 18% 11% 5% 2% 4% 2021 2023 2022 2020 2025 2024 2017 Prior By Vintage As of 9/30/25 Portfolio Fundamentals 19% 10% 8% 8% 7%6% 6% 5% 5% 5% 3% 3% 3% 2% 2% 8% Wisconsin Alabama Ohio Tennessee Illinois Pennsylvania New Jersey Maryland Texas Utah Kentucky New York North Carolina South Carolina Iowa Other By Geography As of 9/30/25 • Experienced multi-unit operators and owner-occupied franchised campgrounds (typically Jellystone Park) • Grounds offer a mix of camping, RV and cabin options with recreational amenities • Park locations within reasonable proximity of metropolitan areas and/or near national and state parks • Underwritten with recourse generally with 5-10 year terms and 20 year amortization • Use of SBA 7a and 504, or other government guaranteed loan programs as appropriate • 20+ years of history through CCF acquisition with no charge-off history Campground Loans 9/30/2025 6/30/2025 $151 $145 74 73 $2.0 $2.0 48% 49% 41 40 0.00% 0.00% $0.0 $0.0 Criticized Loans as a Percent of Total 0.0% 0.0% Portfolio Characteristics - Campgrounds As of Weighted Average Seasoning in Months Criticized Loans in Millions Loan Balance Outstanding In Millions Number of Loans Average Loan Size In Millions Approximate Weighted Average LTV Trailing 12 Month Net Charge-Offs 15

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![](ex992017.jpg)

55% 38% 7% Maturity or Next Repricing Date As of 9/30/25 2025 2026 2027 & Beyond Portfolio Fundamentals 79% 12% 9% Wisconsin Minnesota Other By Geography As of 9/30/25 • Properties financed are generally in Wisconsin and Minnesota and 98% of properties are located outside of large cities • Projects underwritten with 5-10 year term, up to 20 year amortization, and less than 80% LTV • Loans are with recourse to the sponsor/owner(s) • Buildings are mostly single level buildings and no more than three floors high • Tenants centered in medical, insurance, professional services and government Office Loans 9/30/2025 6/30/2025 $26 $26 71 70 $360 $371 63% 55% 50.5 47.7 0.00% 0.00% $0.2 $0.5 0.7% 1.8%Criticized Loans as a Percent of Total Portfolio Characteristics - Office As of Weighted Average Seasoning in Months Criticized Loans in Millions Loan Balance Outstanding In Millions Number of Loans Average Loan Size In Thousands Approximate Weighted Average LTV Trailing 12 Month Net Charge-Offs 16

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&nbsp;&nbsp;&nbsp;&nbsp;Credit Quality/Risk Ratings: Management utilizes a numeric risk rating system to identify and quantify the Bank's risk of loss within its loan portfolio. Ratings are initially assigned prior to funding the loan, and may be changed at any time as circumstances warrant. Ratings range from the highest to lowest quality based on factors that include measurements of ability to pay, collateral type and value, borrower stability and management experience. The Bank's loan portfolio is presented below in accordance with the risk rating framework that has been commonly adopted by the federal banking agencies. The definitions of the various risk rating categories are as follows: 1 through 4 - Pass. A "Pass" loan means that the condition of the borrower and the performance of the loan is satisfactory or better. 5 - Watch. A "Watch" loan has clearly identifiable developing weaknesses that deserve additional attention from management. Weaknesses that are not corrected or mitigated, may jeopardize the ability of the borrower to repay the loan in the future. 6 - Special Mention. A "Special Mention" loan has one or more potential weakness that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution's credit position in the future. 7 - Substandard. A "Substandard" loan is inadequately protected by the current net worth and paying capacity of the obligor or the collateral pledged, if any. Assets classified as substandard must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. 8 - Doubtful. A "Doubtful" loan has all the weaknesses inherent in a Substandard loan with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. 9 - Loss. Loans classified as "Loss" are considered uncollectible, and their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, and a partial recovery may occur in the future. As of September 30, 2025, June 30, 2025, December 31, 2024, and September 30, 2024, there were no loans classified as doubtful with a risk rating of 8 and no loans classified as loss with a risk rating of 9. Residential and consumer loans are typically not rated until they are past due 90 days at month-end which is why they are classified as pass graded 1-5 and once past due or have a history of delinquencies, get assigned a grade 7. 17

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Below is a breakdown of loans by risk rating as of September 30, 2025: (in thousands) 1 to 5 6 7 TOTAL Total Loans: Commercial/Agricultural real estate: Commercial real estate $668,722 $6,925 $8,284 $683,931 Agricultural real estate 63,736 143 217 64,096 Multi-family real estate 228,200 — 8,991 237,191 Construction and land development 74,789 — — 74,789 C&I/Agricultural operating: Commercial and industrial 95,032 5,374 1,294 101,700 Agricultural operating 29,607 478 — 30,085 Residential mortgage: Residential mortgage 122,824 — 2,374 125,198 Purchased HELOC loans 1,862 — 117 1,979 Consumer installment: Originated indirect paper 2,537 — 30 2,567 Other consumer 4,152 — 3 4,155 Gross loans $1,291,461 $12,920 $21,310 $1,325,691 Less: Unearned net deferred fees and costs and loans in process (2,563) Unamortized discount on acquired loans (118) Allowance for credit losses (22,182) Loans receivable, net $1,300,828 Below is a breakdown of loans by risk rating as of June 30, 2025: (in thousands) 1 to 5 6 7 TOTAL Total Loans: Commercial/Agricultural real estate: Commercial real estate $677,938 $7,094 $8,350 $693,382 Agricultural real estate 63,621 143 5,473 69,237 Multi-family real estate 229,955 8,998 — 238,953 Construction and land development 70,477 — — 70,477 C&I/Agricultural operating: Commercial and industrial 101,377 6,514 1,311 109,202 Agricultural operating 31,424 452 — 31,876 Residential mortgage: Residential mortgage 123,181 — 2,637 125,818 Purchased HELOC loans 2,251 — 117 2,368 Consumer installment: Originated indirect paper 2,927 — 32 2,959 Other consumer 4,273 — 2 4,275 Gross loans $1,307,424 $23,201 $17,922 $1,348,547 Less: Unearned net deferred fees and costs and loans in process (2,629) Unamortized discount on acquired loans (298) Allowance for credit losses (21,347) Loans receivable, net $1,324,273 18

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Below is a breakdown of loans by risk rating as of December 31, 2024: (in thousands) 1 to 5 6 7 TOTAL Total Loans: Commercial/Agricultural real estate: Commercial real estate $697,273 $3,953 $7,792 $709,018 Agricultural real estate 66,737 145 6,248 73,130 Multi-family real estate 220,805 — — 220,805 Construction and land development 78,386 — 103 78,489 C&I/Agricultural operating: Commercial and industrial 110,529 3,992 1,136 115,657 Agricultural operating 29,819 390 791 31,000 Residential mortgage: Residential mortgage 129,664 — 2,677 132,341 Purchased HELOC loans 2,839 — 117 2,956 Consumer installment: Originated indirect paper 3,945 — 25 3,970 Other consumer 5,010 — 2 5,012 Gross loans $1,345,007 $8,480 $18,891 $1,372,378 Less: Unearned net deferred fees and costs and loans in process (2,547) Unamortized discount on acquired loans (850) Allowance for loan losses (20,549) Loans receivable, net $1,348,432 Below is a breakdown of loans by risk rating as of September 30, 2024: (in thousands) Below is a breakdown of loans by risk rating as of December 31, 2023: 1 to 5 6 7 TOTAL Total Loans: Commercial/Agricultural real estate: Commercial real estate $720,771 $1,589 $8,099 $730,459 Agricultural real estate 69,621 200 6,222 76,043 Multi-family real estate 230,455 8,736 — 239,191 Construction and land development 87,769 — 106 87,875 C&I/Agricultural operating: Commercial and industrial 116,699 522 2,398 119,619 Agricultural operating 26,651 — 899 27,550 Residential mortgage: Residential mortgage 131,633 — 3,311 134,944 Purchased HELOC loans 2,815 — 117 2,932 Consumer installment: Originated indirect paper 4,361 — 44 4,405 Other consumer 5,432 — 6 5,438 Gross loans $1,396,207 $11,047 $21,202 $1,428,456 Less: Unearned net deferred fees and costs and loans in process (2,703) Unamortized discount on acquired loans (925) Allowance for loan losses (21,000) Loans receivable, net $1,403,828 19

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Allowance for Credit Losses - Loans (in thousand, except ratios) September 30, 2025 and Three Months Ended June 30, 2025 and Three Months Ended December 31, 2024 and Three Months Ended September 30, 2024 and Three Months Ended Allowance for Credit Losses ("ACL") ACL - Loans, at beginning of period $21,347 $20,205 $21,000 $21,178 Loans charged off: Commercial/Agricultural real estate — — — (39) C&I/Agricultural operating (7) (67) (143) — Residential mortgage — — — (4) Consumer installment — (7) (7) (11) Total loans charged off (7) (74) (150) (54) Recoveries of loans previously charged off: Commercial/Agricultural real estate — 52 10 5 C&I/Agricultural operating 3 1 1 10 Residential mortgage 52 — — 4 Consumer installment 3 5 12 5 Total recoveries of loans previously charged off: 58 58 23 24 Net loan recoveries/(charge-offs) ("NCOs") 51 (16) (127) (30) (Reductions) additions to ACL - Loans via provision for credit losses charged to operations 784 1,158 (324) (148) ACL - Loans, at end of period $22,182 $21,347 $20,549 $21,000 Average outstanding loan balance $1,342,635 $1,353,332 $1,396,854 $1,429,928 Ratios: NCOs (annualized) to average loans (0.02) % 0.00 % 0.04 % 0.01 % Allowance for Credit Losses - Unfunded Commitments: (in thousands) In addition to the ACL - Loans, the Company has established an ACL - Unfunded Commitments of $0.493 million at September 30, 2025, $0.627 million at June 30, 2025, and $0.460 million at September 30, 2024, classified in other liabilities on the consolidated balance sheets. September 30, 2025 and Three Months Ended June 30, 2025 and Three Months Ended December 31, 2024 and Three Months Ended September 30, 2024 and Three Months Ended ACL - Unfunded commitments - beginning of period $627 $435 $460 $712 Additions (reductions) to ACL - Unfunded commitments via provision for credit losses charged to operations (134) 192 (126) (252) ACL - Unfunded commitments - End of period $493 $627 $334 $460 20

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Delinquency Detail Loan balances at amortized cost (in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans September 30, 2025 Commercial/Agricultural real estate: Commercial real estate $3,401 $1,063 $216 $4,680 $677,760 $682,440 Agricultural real estate 197 — — 197 63,804 64,001 Multi-family real estate — 8,970 — 8,970 228,098 237,068 Construction and land development — — — — 74,354 74,354 C&I/Agricultural operating: Commercial and industrial 277 — 436 713 100,822 101,535 Agricultural operating — — — — 30,078 30,078 Residential mortgage: Residential mortgage 1,114 208 181 1,503 123,331 124,834 Purchased HELOC loans — — — — 1,979 1,979 Consumer installment: Originated indirect paper 18 — — 18 2,548 2,566 Other consumer 6 9 2 17 4,138 4,155 Total $5,013 $10,250 $835 $16,098 $1,306,912 $1,323,010 June 30, 2025 Commercial/Agricultural real estate: Commercial real estate $7,962 $170 $45 $8,177 $683,666 $691,843 Agricultural real estate — — — — 68,965 68,965 Multi-family real estate — — — — 238,823 238,823 Construction and land development — — — — 70,008 70,008 C&I/Agricultural operating: Commercial and industrial — 1,324 405 1,729 107,319 109,048 Agricultural operating — — — — 31,895 31,895 Residential mortgage: Residential mortgage 2,858 414 566 3,838 121,598 125,436 Purchased HELOC loans — — — — 2,368 2,368 Consumer installment: Originated indirect paper 1 — — 1 2,958 2,959 Other consumer 12 1 — 13 4,262 4,275 Total $10,833 $1,909 $1,016 $13,758 $1,331,862 $1,345,620 21

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Delinquency Detail (Continued) Loan balances at amortized cost (in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans December 31, 2024 Commercial/Agricultural real estate: Commercial real estate $857 $322 $367 $1,546 $705,463 $707,009 Agricultural real estate 26 — 556 582 72,156 72,738 Multi-family real estate — — — — 220,706 220,706 Construction and land development — — — — 78,146 78,146 C&I/Agricultural operating: Commercial and industrial 566 50 564 1,180 114,355 115,535 Agricultural operating — — 793 793 30,224 31,017 Residential mortgage: Residential mortgage 1,873 796 500 3,169 128,723 131,892 Purchased HELOC loans — — 117 117 2,839 2,956 Consumer installment: Originated indirect paper 25 — — 25 3,945 3,970 Other consumer 27 — — 27 4,985 5,012 Total $3,374 $1,168 $2,897 $7,439 $1,361,542 $1,368,981 September 30, 2024 Commercial/Agricultural real estate: Commercial real estate $125 $— $232 $357 $728,090 $728,447 Agricultural real estate 229 — 354 583 75,030 75,613 Multi-family real estate — — — — 239,065 239,065 Construction and land development 413 — — 413 86,968 87,381 C&I/Agricultural operating: Commercial and industrial 48 253 421 722 118,792 119,514 Agricultural operating — — 901 901 26,666 27,567 Residential mortgage: Residential mortgage 1,534 770 1,070 3,374 131,093 134,467 Purchased HELOC loans — — 117 117 2,815 2,932 Consumer installment: Originated indirect paper 9 — 12 21 4,384 4,405 Other consumer 21 29 2 52 5,385 5,437 Total $2,379 $1,052 $3,109 $6,540 $1,418,288 $1,424,828 22

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Nonaccrual Loans Roll Forward Loan balances at amortized cost (in thousands) Quarter Ended September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Balance, beginning of period $11,609 $13,091 $13,168 $15,042 $8,352 Additions 9,958 600 694 1,054 7,486 Charge offs (7) (72) (21) (138) — Transfers to OREO — — — (201) (124) Payments received (5,934) (1,992) (752) (2,515) (641) Other, net (12) (18) 2 (74) (31) Balance, end of period $15,614 $11,609 $13,091 $13,168 $15,042 Other Real Estate Owned Roll Forward (in thousands) Quarter Ended September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Balance, beginning of period $876 $876 $891 $1,567 $1,662 Loans transferred in — — — 201 — Real estate transferred in from fixed assets value reduction — — — (245) — Branch properties sales — — — (637) — Sales — — — — (25) Write-downs — — (15) — (70) Other, net — — — 5 — Balance, end of period $876 $876 $876 $891 $1,567 23

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The amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale and held to maturity as of September 30, 2025 and December 31, 2024, respectively, were as follows: (in thousands) Available-for-sale securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value September 30, 2025 U.S. government agency obligations $11,502 $10 $80 $11,432 Mortgage-backed securities 83,679 — 16,079 67,600 Corporate debt securities 44,452 140 2,308 42,284 Asset-backed securities 16,566 16 259 16,323 Total available-for-sale securities $156,199 $166 $18,726 $137,639 December 31, 2024 U.S. government agency obligations $13,853 $28 $128 $13,753 Mortgage-backed securities 87,762 — 19,376 68,386 Corporate debt securities 44,931 111 3,326 41,716 Asset-backed securities 19,058 43 105 18,996 Total available-for-sale securities $165,604 $182 $22,935 $142,851 (in thousands) Held-to-maturity securities Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Estimated Fair Value September 30, 2025 Obligations of states and political subdivisions $400 $— $15 $385 Mortgage-backed securities 81,126 6 16,638 64,494 Total held-to-maturity securities $81,526 $6 $16,653 $64,879 December 31, 2024 Obligations of states and political subdivisions $500 $— $22 $478 Mortgage-backed securities 85,004 4 19,864 65,144 Total held-to-maturity securities $85,504 $4 $19,886 $65,622 The composition of our available for sale portfolios by credit rating as of the dates indicated below was as follows: (in thousands) September 30, 2025 December 31, 2024 Available-for-sale securities Amortized Cost Fair Value Amortized Cost Fair Value U.S. government agency $88,487 $72,371 $94,327 $74,910 AAA 5,018 4,996 7,210 7,148 AA 18,242 17,988 19,136 19,077 A 3,450 3,246 5,950 5,620 BBB 41,002 39,038 38,981 36,096 Total available for sale securities $156,199 $137,639 $165,604 $142,851 The composition of our held to maturity portfolio by credit rating as of the dates indicated was as follows: 24

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(in thousands) September 30, 2025 December 31, 2024 Held-to-maturity securities Amortized Cost Fair Value Amortized Cost Fair Value U.S. government agency $81,126 $64,494 $85,004 $65,144 A 400 385 500 478 Total $81,526 $64,879 $85,504 $65,622 On July 24, 2025, the Board of Directors authorized a stock repurchase program of 5% of the outstanding shares on that date or 499,000 shares, in open market or private transactions. The timing and amount of any share repurchases under this authorization will be determined by management based on market conditions and other considerations. This share repurchase authorization does not obligate the Company to repurchase any shares of its common stock. During the quarter ended September 30, 2025, approximately 136 thousand shares were repurchased under this program. As of September 30, 2025, approximately 363 thousand shares remain available for repurchase. Earnings Per Share (Amounts in thousands, except per share data) Three Months Ended Nine Months Ended September 30, 2025 June 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 Basic Net income attributable to common shareholders $3,682 $3,270 $3,286 $10,149 $11,049 Weighted average common shares outstanding 9,911 9,989 10,198 9,963 10,335 Basic earnings per share $0.37 $0.33 $0.32 $1.02 $1.07 Diluted Net income attributable to common shareholders $3,682 $3,270 $3,286 $10,149 $11,049 Weighted average common shares outstanding 9,911 9,989 10,198 9,963 10,335 Add: Dilutive stock options outstanding 10 8 6 10 5 Average shares and dilutive potential common shares 9,921 9,997 10,204 9,973 10,340 Diluted earnings per share $0.37 $0.33 $0.32 $1.02 $1.07 Common stock issued and outstanding 9,857 9,992 10,074 9,857 10,074 25

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Economic Value of Equity Percent Change in Economic Value of Equity (EVE) Change in Interest Rates in Basis Points ("bp") Rate Shock in Rates (1) At September 30, 2025 At December 31, 2024 +300 bp 6 % 2 % +200 bp 4 % 2 % +100 bp 2 % 1 % -100 bp (4) % (1) % -200 bp (8) % (4) % Net Interest Income Over One Year Horizon Percent Change in Net Interest Income Over One Year Horizon Change in Interest Rates in Basis Points ("bp") Rate Shock in Rates (1) At September 30, 2025 At December 31, 2024 +300 bp (4) % (8) % +200 bp (2) % (5) % +100 bp (1) % (3) % -100 bp 0 % 2 % -200 bp (1) % 3 % 26

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CITIZENS COMMUNITY FEDERAL N.A. Selected Capital Composition Highlights September 30, 2025 (unaudited) June 30, 2025 (unaudited) December 31, 2024 (audited) September 30, 2024 (unaudited) To Be Well Capitalized Under Prompt Corrective Action Provisions Tier 1 leverage ratio (to adjusted total assets) 12.2% 12.2% 11.9% 11.7% 5.0% Tier 1 capital (to risk weighted assets) 14.6% 14.4% 14.4% 13.8% 8.0% Common equity tier 1 capital (to risk weighted assets) 14.6% 14.4% 14.4% 13.8% 6.5% Total capital (to risk weighted assets) 15.9% 15.7% 15.6% 15.0% 10.0% CITIZENS COMMUNITY BANCORP, INC. Selected Capital Composition Highlights September 30, 2025 (unaudited) June 30, 2025 (unaudited) December 31, 2024 (audited) September 30, 2024 (unaudited) For Capital Adequacy Purposes Tier 1 leverage ratio (to adjusted total assets) 9.9% 9.8% 9.5% 9.2% 4.0% Tier 1 capital (to risk weighted assets) 11.8% 11.6% 11.4% 10.8% 6.0% Common equity tier 1 capital (to risk weighted assets) 11.8% 11.6% 11.4% 10.8% 4.5% Total capital (to risk weighted assets) 15.5% 16.3% 16.1% 15.3% 8.0% 27

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Fair Value Accounting ASC Topic 820-10, "Fair Value Measurements and Disclosures" establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The topic describes three levels of inputs that may be used to measure fair value: Level 1- Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Company has the ability to access as of the measurement date. Level 2- Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3- Significant unobservable inputs that reflect the Company's assumptions about the factors that market participants would use in pricing an asset or liability. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input within the valuation hierarchy that is significant to the fair value measurement. The fair value of securities available for sale is determined by obtaining market price quotes from independent third parties wherever such quotes are available (Level 1 inputs); or matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities' relationship to other benchmark quoted securities (Level 2 inputs). Where such quotes are not available, we utilize independent third party valuation analysis to support our own estimates and judgments in determining fair value (Level 3 inputs). Fair Value Table The table below represents what we would receive to sell an asset or what we would have to pay to transfer a liability in an orderly transaction between market participants at the measurement date. The carrying amount and estimated fair value of the Company's financial instruments as of the dates indicated below were as follows: September 30, 2025 Valuation Method Used Carrying Amount Estimated Fair Value Financial assets: Cash and cash equivalents (Level I) $82,431 $82,431 Securities available for sale "AFS" (Level II) 137,639 137,639 Securities held to maturity "HTM" (Level II) 81,526 64,879 Farmer Mac equity securities (Level I) 481 481 Preferred equity (Level III) 1,362 1,362 Equity investments valued at NAV (1) N/A 3,832 N/A Other investments (Level II) 12,370 12,370 Loans receivable, net (Level III) 1,300,828 1,269,558 Loans held for sale - Residential mortgage (Level I) 1,418 1,418 Loans held for sale - SBA /FSA (Level II) 3,928 3,928 Mortgage servicing rights (Level III) 3,532 4,789 Accrued interest receivable (Level I) 6,159 6,159 Financial liabilities: Deposits (Level III) $1,480,554 $1,480,268 Other borrowings (Level II) 46,762 44,662 Accrued interest payable (Level I) 3,832 3,832 (1) Investments valued at NAV are excluded from being reported under the fair value hierarchy but are presented to permit reconciliation with the balance sheet in accordance with ASC 820-10-35-54B. 28

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## Exhibit 99.3

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2025 Third Quarter Results Earnings Release Presentation Exhibit 99.3

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Cautionary Notes and Additional Disclosures 2 DATES AND PERIODS PRESENTED Unless otherwise noted, "20YY" refers to either the corresponding fiscal year-end date or the corresponding 12-months (i.e., fiscal year) then ended. "MMM-YY" refers to either the corresponding quarter-end date, or the corresponding three-month period then ended. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This presentation may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, descriptions of the financial condition, results of operations, asset and credit quality trends, profitability, projected earnings, future plans, strategies and expectations of Citizens Community Bancorp, Inc. ("CZWI" or the "Company") and its subsidiary, Citizens Community Federal, National Association ("CCFBank") . The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of complying with those safe harbor provisions. Forward- looking statements, which are based on certain assumptions of the Company, are generally identifiable by use of the words "believe," "expect," "estimates," "intend," "anticipate," "estimate," "project," "on pace," "seek," "target," "potential," "focus," "may," "preliminary," "could," "should" or similar expressions. These forward-looking statements express management's current expectations or forecasts of future events, and by their nature, are subject to risks and uncertainties. Therefore, there are a number of factors that might cause actual results to differ materially from those in such statements. These uncertainties include: conditions in the financial markets and economic conditions generally; the impact of inflation on our business and our customers; geopolitical tensions, including current or anticipated impact of military conflicts; higher lending risks associated with our commercial and agricultural banking activities; future pandemics (including new variants of COVID-19); cybersecurity risks; adverse impacts on the regional banking industry and the business environment in which it operates; interest rate risk; lending risk; changes in the fair value or ratings downgrades of our securities; the sufficiency of allowance for credit losses; competitive pressures among depository and other financial institutions; disintermediation risk; our ability to maintain our reputation; our ability to maintain or increase our market share; our ability to realize the benefits of net deferred tax assets; our ability to obtain needed liquidity; our ability to raise capital needed to fund growth or meet regulatory requirements; our ability to attract and retain key personnel; our ability to keep pace with technological change; prevalence of fraud and other financial crimes; the possibility that our internal controls and procedures could fail or be circumvented; our ability to successfully execute our acquisition growth strategy; risks posed by acquisitions and other expansion opportunities, including difficulties and delays in integrating the acquired business operations or fully realizing the cost savings and other benefits; restrictions on our ability to pay dividends; the potential volatility of our stock price; accounting standards for credit losses; legislative or regulatory changes or actions, or significant litigation, adversely affecting the Company or Bank; public company reporting obligations; changes in federal or state tax laws; and changes in accounting principles, policies or guidelines and their impact on financial performance. Stockholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Such uncertainties and other risks that may affect the Company's performance are discussed further in Part I, Item 1A, "Risk Factors," in the Company's Form 10-K, for the year ended December 31, 2024, filed with the Securities and Exchange Commission ("SEC") on March 13, 2025, and the Company's subsequent filings with the SEC. The Company undertakes no obligation to make any revisions to the forward- looking statements contained herein or to update them to reflect events or circumstances occurring after the date hereof. NON-GAAP FINANCIAL MEASURES These slides contain non-GAAP financial measures. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of the registrant's historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet or statement of cash flows (or equivalent statements) of the issuer; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. In this regard, GAAP refers to generally accepted accounting principles in the United States. Non·GAAP financial measures referred to herein include net income as adjusted, EPS as adjusted, ROAA as adjusted, return on average tangible common equity (ROATCE), ROATCE as adjusted, tangible book value, tangible book value per share, efficiency ratio as adjusted and tangible common equity / tangible assets. Reconciliations of all Non·GAAP financial measures used herein to the comparable GAAP financial measures appear in the appendix at the end of this presentation. SOURCE Unless otherwise noted, internal Company documents

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Investment Summary Markets Earnings and TCE profile supports double digit percentage dividend growth and share buyback activity 3 Returns Asset Quality Growing markets with diverse industries mitigate volatility and support steady growth Sound underwriting practices and portfolio administration have produced strong credit performance Capital Ratios Strong bank capital ratios and holding company TCE ratio of 9.13% Insider Ownership Board and Executive Management, including former chairperson, beneficially own 6% of outstanding shares showing alignment with shareholders

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Performance Objectives Capital Management Strong Credit Culture Operating Leverage Culture Optimize balance sheet and earnings to support share buybacks and maintain TCE >8% to weather economic shocks Strength of credit culture demonstrated by prudent underwriting, disciplined loan administration, and net charge offs averaging <5 bps since 2017 Management track record of holding expense growth below the rate of inflation by utilizing technology to reduce operating and occupancy costs and improve productivity Accountability for executing business strategy that engages customers, colleagues, and our communities to generate strong results and increase franchise value 4 Diversification Broad industry exposure in deposit and loan portfolios provides stability in earnings, capital and asset quality in various economic cycles

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Operating Market Overview CZWI Operates in diverse markets within the northwestern region of Wisconsin, metro Twin Cities and the Mankato, Minnesota MSA Source: S&P Global Market Intelligence 0 0 0 0 0 5

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$574 $733 $759 $1,177 $1,238 $1,311 $1,412 $1,461 $1,369 $1,353 $1,346 $1,323 $558 $743 $747 $1,196 $1,295 $1,388 $1,425 $1,519 $1,488 $1,524 $1,478 $1,481 $696 $941 $975 $1,531 $1,649 $1,740 $1,816 $1,851 $1,749 $1,780 $1,735 $1,727 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY Mar-25 Jun-25 Sep-25 Franchise Expansion CZWI has transformed the Company from a consumer bank to a commercial bank to strengthen the earnings profile and franchise.  Total Assets Loans Receivable  Total Deposits Source: S&P Global Market Intelligence, company filings 6 July 2019 Assets: $192mm Tomah, WI May 2016 Assets: $154mm Rice Lake, WI 2 Central Bank branches February 2016 Deposits: $27mm Northwestern WI August 2017 Assets: $269mm Wells, MN October 2018 Assets: $269mm Osseo, WI

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Values Our six main values are: integrity, commitment, innovation, collaboration, focus, and sustainability. Vision Make more possible for our customers, colleagues, communities, and shareholders! Mission Provide the best products, service, and ideas to our customers every interaction every day. Culture & Engagement 7 2025 2024 20232022 Participation Rate: 95.0%95.1%84.8%91.4% 87.1% 84.0% 80.8% 89.6% 74.1% 87.4% 87.4% 84.2% 76.8% 84.9% 70.2% 90.9% 86.0% 82.9% 82.6% 87.0% 69.4% 87.8% 86.0% 81.4% 82.1% 84.8% 66.5% 89.2% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0% Overall Role Team Supervisor Compensation Organization Colleague Satisfaction Score 2022 2023 2024 2025 Excellent Target

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Pre-Provision Net Revenue (PPNR) 8 Pre-Provision Net Revenue ("PPNR") is defined as net interest income plus total non-interest income minus total non-interest expense. This measure is a non-GAAP financial measure since it excludes the provision for (recovery of) credit losses included in net income. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. Pre-provision net revenue includes net interest income recognized on the payoff of nonaccrual loans and loans with purchase credit discounts of $0.3 million and $1.1 million for the three-month periods ended September 30, 2025, and June 30, 2025, respectively. Sep-25 Jun-25 Mar-25 Dec-24 Sep-24 Pre-tax income 4,535$4,047$3,974$3,358$4,185$ Add back provision for credit losses 650 1,350 - - - Subtract negative provision for credit losses - - (250) (450) (400) Pre-Provision Net Revenue 5,185$5,397$3,724$2,908$3,785$(000s) Pre-Provision Net Revenue (PPNR) Quarter Ended

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Net Income and Diluted EPS Source: S&P Global Market Intelligence, company filings Net Income as Adjusted and Diluted EPS Income as Adjusted are non-GAAP financial measures, which management believes may be helpful in understanding the Company's results of operations or financial position and comparing results over different periods. Reconciliation of Net Income and Diluted EPS Income as Adjusted to the comparable GAAP financial measure can be found in the appendix of this presentation. These measures should not be viewed as a substitute for operating results determined in accordance with GAAP. 9 $9,463 $12,725 $21,266 $17,761 $13,059 $13,751 $3,286 $2,702 $3,197 $3,270 $3,682 $10,675 $12,425 $21,339 $18,500 $13,321 $13,883 $3,286 $2,702 $3,197 $3,270 $3,682 $0 $5,000 $10,000 $15,000 $20,000 $25,000 Net Income Net Income Net Income as Adjusted Annual vs. Quarterly $0.85 $1.14 $1.98 $1.69 $1.25 $1.34 $0.32 $0.27 $0.32 $0.33 $0.37 $0.96 $1.11 $1.99 $1.76 $1.28 $1.35 $0.32 $0.27 $0.32 $0.33 $0.37 $0.00 $0.50 $1.00 $1.50 $2.00 Diluted EPS Diluted EPS Diluted EPS Income as Adjusted Annual vs. Quarterly

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Book Value, Tangible Book Value and Core Net Revenue Detail Source: S&P Global Market Intelligence, company filings Tangible book value per share is a non-GAAP measure which management believes may be helpful in assessing capital adequacy. The reconciliation of Tangible book value per share can be found in the appendix of this presentation. These measures should not be viewed as substitutes for operating results determined in accordance with GAAP. 10 $9.78 $11.05 $9.89 $11.18 $12.90 $12.77 $13.42 $14.69 $14.79 $15.15 $15.71 $12.48 $12.46 $13.36 $14.52 $16.27 $16.03 $16.60 $17.94 $18.02 $18.36 $18.95 $0.00 $5.00 $10.00 $15.00 $20.00 BOOK VALUE AND TANGIBLE BOOK VALUE PER SHARE TANGIBLE BOOK VALUE PER SHARE BOOK VALUE PER SHARE $22,878 $29,764 $42,686 $43,673 $40,532 $41,743 $40,142 $42,306 $32,264 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 2017 2018 2019 2020 2021 2022 2023 2024 2025 YTD CORE NET REVENUE DETAIL ($000) NET INTEREST INCOME NON-INTEREST INCOME NON-INTEREST EXPENSE $58,488 $68,703 $69,491 $56,581 $58,599 $46,570 $27,019 $37,673 $66,799

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Quarterly data is annualized for the quarterly 2025 information. Return on average assets as adjusted, return on average tangible common equity (ROATCE) and ROATCE as adjusted are non-GAAP measures, which management believes may be helpful in understanding the underlying business performance trends related to average assets and average tangible equity. Reconciliations of ROAA as adjusted, ROTCE, and ROTCE as adjusted can be found in the appendix of this presentation. These measures should not be viewed as substitutes for operating results determined in accordance with GAAP. Return on Average Assets and Return on Average Tangible Common Equity Source: SEC filings and Company documents 11 0.34% 0.45% 0.68% 0.80% 1.23% 1.00% 0.71% 0.76% 0.74% 0.75% 0.84% 0.58% 0.52% 0.76% 0.78% 1.24% 1.04% 0.73% 0.77% 0.74% 0.75% 0.84% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 2017 2018 2019 2020 2021 2022 2023 2024 Mar-25 Jun-25 Sep-25 ROAA ROAA ROAA INCOME AS ADJUSTED 4.5% 5.3% 10.1% 12.1% 17.6% 14.4% 10.3% 10.0% 9.3% 9.2% 9.8% 7.5% 6.0% 11.2% 11.8% 17.6% 14.9% 10.5% 10.1% 9.3% 9.2% 9.8% 0.0% 5.0% 10.0% 15.0% 20.0% 2017 2018 2019 2020 2021 2022 2023 2024 Mar-25 Jun-25 Sep-25 ROATCE ROATCE ROATCE INCOME AS ADJUSTED

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Efficiency Ratio, Net Interest Income (NII) and Net Interest Margin (NIM) The efficiency ratio as adjusted is a non-GAAP measure, which management believes may be helpful in understanding the underlying business performance trends related to non-interest expense. A reconciliation of the efficiency ratio as adjusted to its comparable GAAP financial measure can be found in the appendix of this presentation. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. 12 84% 77% 71% 61% 57% 61% 68% 72% 73% 66% 67% 74% 76% 66% 62% 57% 59% 67% 72% 73% 66% 67% 40% 45% 50% 55% 60% 65% 70% 75% 80% 85% 90% EFFICIENCY RATIO EFFICIENCY RATIO EFFICIENCY RATIO AS ADJUSTED $20,077 $22,268 $30,303 $43,513 $50,255 $53,667 $56,369 $48,349 $46,474 $38,119 3.27% 3.31% 3.42% 3.37% 3.40% 3.34% 3.39% 2.81% 2.73% 3.11% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 6.00% $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 YTD NII AND NIM ($000) NET INTEREST INCOME NET INTEREST MARGIN

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Citizens Community Bancorp, Inc. Capital Ratios 13 6.6% 8.3% 7.7% 7.7% 7.9% 8.5% 8.9% 9.5% 9.5% 9.8% 9.9% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% LEVERAGE RATIO 8.9% 10.2% 9.1% 10.5% 9.7% 9.7% 10.3% 11.4% 11.3% 11.6% 11.8% 0.0% 4.0% 8.0% 12.0% COMMON EQUITY TIER 1 RATIO 12.0% 12.4% 11.2% 14.3% 13.1% 14.0% 14.7% 16.1% 16.0% 16.3% 15.5% 0.0% 3.0% 6.0% 9.0% 12.0% 15.0% 18.0% TOTAL CAPITAL RATIO Tangible common equity/tangible assets is a non-GAAP measure, which management believes may be helpful in understanding the underlying business performance trends related to tangible assets and tangible common equity. A reconciliation of tangible common equity and tangible assets to its comparable financial measure can be found in the appendix of the presentation. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. 6.3% 7.9% 7.5% 7.7% 7.9% 7.5% 7.7% 8.5% 8.5% 8.9% 9.1% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% TANGIBLE COMMON EQUITY / TANGIBLE ASSETS

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CZWI Shares Repurchased and Tangible Common Equity (TCE) as a Percent of Tangible Assets (non-GAAP) Tangible common equity/tangible assets is a non-GAAP measure, which management believes may be helpful in understanding the underlying business performance trends related to tangible assets and tangible common equity. A reconciliation of tangible common equity and tangible assets to its comparable financial measure can be found in the appendix of the presentation. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. 14 7.7% 7.9% 7.5% 7.7% 8.5% 9.1% 253,431 620,197 128,923 41,646 476,099 135,252 - 100,000 200,000 300,000 400,000 500,000 600,000 700,000 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 YTD SHARES REPURCHASED AND TCE/TANGIBLE ASSETS TCE RATIO SHARES REPURCHASED

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Asset Quality 0.82% 0.89% 0.88% 1.38% 1.29% 1.27% 1.57% 1.50% 1.49% 1.59% 1.68% 0.00% 0.50% 1.00% 1.50% 2.00% ALLOWANCE FOR CREDIT LOSSES (ACL) - LOANS 1.49% 1.14% 1.41% 0.70% 0.76% 0.70% 0.83% 0.82% 0.82% 0.75% 0.96% 0.00% 0.50% 1.00% 1.50% 2.00% NON-PERFORMING ASSETS (NPA) / ASSETS 15 74% 81% 51% 150% 143% 157% 169% 154% 148% 176% 141% 0% 50% 100% 150% 200% 250% 300% ACL-LOANS / NON-PERFORMING LOANS (NPL) 0.07% 0.07% 0.08% 0.08% 0.01% 0.03% -0.03% 0.01% 0.00% 0.00% -0.02% -0.04% -0.02% 0.00% 0.02% 0.04% 0.06% 0.08% 0.10% NET (RECOVERIES) CHARGE-OFFS/AVERAGE LOANS Quarterly data is annualized for the quarterly 2025 information.

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CRE, C&I, Ag. Related, C&D 90% Residential & HELOC 9% Consumer 1% Loan Portfolio 9/30/2016 9/30/2025 CRE, C&I, Ag. Related, C&D 34% Residential & HELOC 33% Consumer 33% 16 ($000) Sep-16 Sep-17 Sep-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Mar-25 Jun-25 Sep-25 Commercial Real Estate $54,600 $109,024 $156,735 $420,383 $425,283 $610,214 $630,857 $653,437 $621,251 $623,621 $606,083 $596,117 Housing related CRE $53,475 $77,166 $108,029 $181,084 $204,544 $266,600 $304,022 $325,189 $308,572 $324,226 $326,252 $325,005 Commercial & Industrial $31,001 $55,251 $76,254 $133,734 $116,553 $122,167 $136,013 $121,666 $115,657 $109,620 $109,202 $101,700 Ag. Real Estate / Ag. Operating $42,845 $91,875 $97,066 $123,143 $101,580 $110,083 $116,714 $109,041 $104,130 $100,381 $101,113 $94,181 Q3 2025 Construction & Development $16,580 $19,708 $17,739 $86,410 $98,517 $79,520 $102,492 $110,941 $78,489 $58,461 $70,477 $74,789 5.84% Residential mortgage and Purchased HELOC loans $187,738 $247,634 $209,781 $184,739 $137,646 $94,861 $108,651 $131,901 $135,297 $131,630 $128,186 $127,177 Yield Indirect Consumer Installment $168,294 $115,287 $78,245 $39,585 $25,851 $15,971 $10,236 $6,535 $3,970 $3,434 $2,959 $2,567 Consumer Installment $19,715 $20,668 $18,844 $18,186 $13,213 $8,874 $7,150 $6,187 $5,012 $4,679 $4,275 $4,155 Gross Loans Ex SBA PPP Loans $574,248 $736,613 $762,693 $1,187,264 $1,123,187 $1,308,290 $1,416,135 $1,464,897 $1,372,378 $1,356,052 $1,348,547 $1,325,691 SBA PPP Loans $0 $0 $0 $0 $123,702 $8,755 $0 $0 $0 $0 $0 $0 Total Gross Loans $574,248 $736,613 $762,693 $1,187,264 $1,246,889 $1,317,045 $1,416,135 $1,464,897 $1,372,378 $1,356,052 $1,348,547 $1,325,691

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Deposit Composition  Focus has been on transforming the deposit composition to core deposits  Deposit transformation and growth has been achieved through both acquisitions and organic initiatives 9/30/2016 9/30/2025 Source: S&P Global Market Intelligence, company filings Non Interest Bearing Demand 8% Interest Bearing Demand 9% MMDA & Savings 34% CDs 49% 17 Non Interest Bearing Demand 18% Interest Bearing Demand 24% MMDA & Savings 35% CDs 23% ($000) Sep-16 Sep-17 Sep-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Mar-25 Jun-25 Sep-25 Non-interest-bearing demand deposits $45,408 $75,318 $87,495 $168,157 $238,348 $276,631 $284,726 $265,704 $252,656 $253,343 $260,248 $262,535 Interest-bearing demand deposits $48,934 $147,912 $139,276 $223,102 $301,764 $396,231 $371,210 $343,276 $355,750 $386,302 $366,481 $360,475 Q3 2025 Savings accounts $52,153 $102,756 $97,329 $156,599 $196,348 $222,674 $220,019 $176,548 $159,821 $167,614 $159,340 $157,317 Cost of Deposits Money market accounts $137,234 $125,749 $109,314 $246,430 $245,549 $288,985 $323,435 $374,055 $369,534 $370,741 $357,518 $354,290 2.19% Certificate accounts $273,948 $290,769 $313,115 $401,414 $313,247 $203,014 $225,334 $359,509 $350,387 $345,654 $334,829 $345,937 Total Deposits $557,677 $742,504 $746,529 $1,195,702 $1,295,256 $1,387,535 $1,424,724 $1,519,092 $1,488,148 $1,523,654 $1,478,416 $1,480,554 Deposit Composition - Quarter Lookback

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$27,565 $30,653 $35,266 $40,904 $51,710 $55,501 $60,212 $61,425 $66,132 $71,270 $69,238 $69,266 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 TOTAL DEPOSITS, WHOLESALE, AND BRANCH DEPOSITS ($000) Wholesale Deposits Branch Deposits Average Branch Deposits 23 27 28 2525 2323 22 $557,677 $742,504 $1,007,512 $1,195,702 $1,295,256 $1,519,092 21 $1,523,654 21 $1,478,416$1,488,148 $1,480,554 21 Branch Deposit Growth & Efficiency  Significant increase in deposits per branch since FY2016  Organic growth and M&A  Average branch of $27.6 million in FY 2016 to $69.3 million in 2025 Q3  The number of branches has increased by one since 2016  17 branches purchased  2 branches opened  18 branches closed, consolidated or sold Includes branch acquisitions and consolidations Source: S&P Global Market Intelligence, company filings 18 20 White Numbers Indicate Branch Count $1,387,535 $1,424,724

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Appendix 19

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Net Interest Margin Analysis Source: S&P Global Market Intelligence, company filings 20 Quarter ended September 30, 2025 Quarter ended June 30, 2025 Quarter ended March 31, 2025 Quarter ended December 31, 2024 Interest Average Interest Average Interest Average Interest Average Average Income/ Yield/ Average Income/ Yield/ Average Income/ Yield/ Average Income/ Yield/ ($ Dollars in Thousands) Balance Expense Rate Balance Expense Rate Balance Expense Rate Balance Expense Rate Average interest earning assets: Cash and cash equivalents 62,395$693$4.41% 44,377$493$4.46% 47,835$524$4.44% 26,197$327$4.97% Loans receivable 1,342,635 19,759 5.84% 1,353,332 20,105 5.96% 1,363,352 18,602 5.53% 1,396,854 19,534 5.56% Investment securities 220,213 1,738 3.13% 223,318 1,735 3.12% 228,514 1,808 3.21% 235,268 1,940 3.28% Non-marketable equity securities, at cost 12,373 64 2.05% 12,400 169 5.47% 12,498 169 5.48% 12,318 160 5.17% Total interest earning assets 1,637,616$22,254$5.39% 1,633,427$22,502$5.53% 1,652,199$21,103$5.18% 1,670,637$21,961$5.23% Average interest-bearing liabilities: Total deposits 1,233,572$8,220$2.64% 1,237,951$8,287$2.69% 1,258,635$8,597$2.77% 1,234,565$9,273$2.99% FHLB Advances & Other Borrowings 54,389 820 5.98% 61,781 904 5.87% 64,635 912 5.72% 72,431 980 5.38% Total interest bearing liabilities 1,287,961$9,040$2.78% 1,299,732$9,191$2.84% 1,323,270$9,509$2.91% 1,306,996$10,253$3.12% Net interest income 13,214$13,311$11,594$11,708$ Interest Rate Spread 2.61% 2.69% 2.27% 2.11% Net interest margin 3.20% 3.27% 2.85% 2.79%

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Interest Rate Risk 21 (1) Assumes an immediate and parallel shift in the yield curve at all maturities. Note: The tables above may not be indicative of future results. Change in Interest Rates In Basis Points ("bp") Rate Shock in Rates (1) Percent Change Change in Interest Rates In Basis Points ("bp") Rate Shock in Rates (1) Percent Change +300 bp 6% +300 bp 2% +200 bp 4% +200 bp 2% +100 bp 2% +100 bp 1% -100 bp -4% -100 bp -1% -200 bp -8% -200 bp -4% Change in Interest Rates In Basis Points ("bp") Rate Shock in Rates (1) Percent Change Change in Interest Rates In Basis Points ("bp") Rate Shock in Rates (1) Percent Change +300 bp -4% +300 bp -8% +200 bp -2% +200 bp -5% +100 bp -1% +100 bp -3% -100 bp 0% -100 bp 2% -200 bp -1% -200 bp 3% December 31, 2024September 30, 2025 December 31, 2024September 30, 2025 Economic Value of Equity (EVE) Net Interest Income Over One Year Horizon

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22 Reconciliation of Non-GAAP Financial Measures Reconciliation of GAAP Earnings and Core Earnings (non-GAAP): GAAP pre-tax earnings 3,822$6,609$12,277$17,280$28,959$23,581$18,932$17,450$3,974$4,047$4,535$ Merger related costs (1) 1,860$463$3,880$-$-$-$-$-$-$-$-$ Branch closure costs (2) 951$26$15$165$-$981$380$168$-$-$-$ Settlement proceeds (3) (283)$-$-$(131)$-$-$-$-$-$-$-$ FHLB borrowings prepayment fee (4) 104$-$-$-$102$-$-$-$-$-$-$ Audit and Financial Reporting (5) -$-$358$-$-$-$-$-$-$-$-$ Net gain on sale of branch -$-$(2,295)$-$-$-$-$-$-$-$-$ Net gain on sale of acquired business lines (6) -$-$-$(432)$-$-$-$-$-$-$-$ Income before provision for income taxes as adjusted (7) 6,454$7,098$14,235$16,882$29,061$24,562$19,312$17,618$3,974$4,047$4,535$ Provision for income tax on pre-tax earnings as adjusted (8) 2,233$1,798$3,260$4,457$7,722$6,062$5,991$3,735$777$777$853$ Tax impact of certain acquired BOLI policies (9) -$-$300$-$-$-$-$-$-$ Tax cuts and Jobs Act of 2017 (10) -$338$-$-$-$-$-$-$-$-$-$ Total provision for income tax as adjusted 2,233$2,136$3,560$4,457$7,722$6,062$5,991$3,735$777$777$853$ Net income as adjusted (non-GAAP) (7) 4,221$4,962$10,675$12,425$21,339$18,500$13,321$13,883$3,197$3,270$3,682$ GAAP diluted earnings per share, net of tax 0.46$0.58$0.85$1.14$1.98$1.69$1.25$1.34$0.32$0.33$0.37$ Merger related costs, net of tax 0.22$0.06$0.27$-$-$-$-$-$-$-$-$ Branch related costs, net of tax 0.12$-$-$0.01$-$0.07$0.03$0.01$-$-$-$ Settlement proceeds (0.03)$-$-$(0.01)$-$-$-$-$-$-$-$ FHLB borrowings prepayment fee 0.01$-$-$-$0.01$-$-$-$-$-$-$ Tax impact of certain acquired BOLI policies (9) -$-$(0.03)$-$-$-$-$-$-$-$-$ Tax Cuts and Jobs Act of 2017 tax provision (10) -$0.04$-$-$-$-$-$-$-$-$-$ Audit and Financial Reporting, net of tax -$-$0.02$-$-$-$-$-$-$-$-$ Net gain on sale of branch -$-$(0.15)$-$-$-$-$-$-$-$-$ Net gain on sale of acquired business lines -$-$-$(0.03)$-$-$-$-$-$-$-$ Diluted earnings per share, as adjusted, net of tax (non-GAAP) 0.78$0.68$0.96$1.11$1.99$1.76$1.28$1.35$0.32$0.33$0.37$ Average diluted shares outstanding 5,378,548 7,335,247 11,121,435 11,161,811 10,726,539 10,513,773 10,470,298 10,262,710 10,000,818 9,997,229 9,920,907 FY 2017 FY 2018 FY 2019 FY 2023FY 2022 Sep-25FY 2020 FY 2021 FY 2024 Mar-25 Jun-25

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(1) All costs incurred are presented as professional fees and other non-interest expense in the consolidated statement of operations and include costs $0, $0, $0, $0, $0, $0, $0, $0, $341,000, $350,000, and $565,000 for the three months ended September 30, 2025, June 30, 2025, March 31, 2025, and years ended December 31, 2024, December 31, 2023, December 31, 2022, December 31, 2021, December 31, 2020, December 31, 2019, September 30, 2018, and September 30, 2017, respectively, which are nondeductible expenses for federal income tax purposes. (2) Branch closure costs include severance pay recorded in compensation and benefits, accelerated depreciation expense and lease termination fees included in occupancy and other costs included in other non-interest expense in the consolidated statement of operations. In addition, other non-interest expense includes costs related to the reduction in valuation of a closed branch office in the fourth quarter of fiscal 2017 and costs associated with three branch closures during the quarter ended December 31, 2020, one branch closure in the quarter ended September 30, 2022, two branch closures in the quarter ended December 31, 2022, and one branch office closure in the quarter ended December 31, 2023. Professional services includes legal costs related to the sale of the Michigan branch included in these Branch closure costs during the quarter ended March 31, 2019. (3) Settlement proceeds includes litigation income from a JP Morgan Residential Mortgage-Backed Security (RMBS) claim. This JP Morgan RMBS was previously owned by the Bank and sold in 2011. (4) The prepayment fee to restructure our FHLB borrowings is included in other non-interest expense in the consolidated statement of operations. (5) Audit and financial reporting costs include additional audit and professional fees related to the change in our year end from September 30 to December 31, effective December 31, 2018. (6) Net gain on sale of acquired business lines resulted from (1) the sale of Wells Insurance Agency and (2) the termination and sale of the wealth management business line sales contract acquired in a former acquisition. (7) Pretax net income as adjusted and net income as adjusted are non-GAAP measures that management believes enhances the market's ability to assess the underlying business performance and trends related to core business activities. (8) Provision for income tax on pre-tax income as adjusted is calculated at our effective tax rate for each respective period presented. (9) Tax impact of certain acquired BOLI policies from United Bank. (10) As a result of the Tax Cuts and Jobs Act of 2017, we recorded a one-time net tax provision of $338,000 in 2018, which is included in provision for income taxes expense in the consolidated statement of operations. 23 Reconciliation of Non-GAAP Financial Measures

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Note: All quarterly period ratios are annualized for net income / net income as adjusted. 24 Reconciliation of Non-GAAP Financial Measures 2017 2018 2019 2020 2021 2022 2023 2024 Mar-25 Jun-25 Sep-25 Net Income 2,499$4,283$9,463$12,725$21,266$17,761$13,059$13,751$3,197$3,270$3,682$ Net Income as adjusted 4,221$4,962$10,675$12,425$21,339$18,500$13,321$13,883$3,197$3,270$3,682$ Average assets 731,407$954,912$1,398,482$1,594,053$1,722,483$1,775,049$1,836,337$1,808,256$1,763,191$1,745,897$1,735,752$ Return on average assets 0.34% 0.45% 0.68% 0.80% 1.23% 1.00% 0.71% 0.76% 0.74% 0.75% 0.84% Return on average assets as adjusted 0.58% 0.52% 0.76% 0.78% 1.24% 1.04% 0.73% 0.77% 0.74% 0.75% 0.84% 2017 2018 2019 2020 2021 2022 2023 2024 Mar-25 Jun-25 Sep-25 Common Equity 73,483$135,847$150,553$160,564$170,866$167,088$173,334$179,084$180,051$183,462$186,815$ Less: Goodwill (10,444) (10,444) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) Less: Core Deposit and other intangibles (5,449) (4,805) (7,587) (5,494) (3,898) (2,449) (1,694) (979) (800) (621) (508) Tangible Common Equity (TCE) 57,590$120,598$111,468$123,572$135,470$133,141$140,142$146,607$147,753$151,343$154,809$ Average Tangible Common Equity 58,300$89,094$105,340$115,313$127,793$131,305$132,409$142,641$146,083$149,161$152,759$ Net Income 2,499$4,283$9,463$12,725$21,266$17,761$13,059$13,751$3,197$3,270$3,682$ Intangible amortization, net of tax 143 417 1,153 1,194 1,171 1,095 521 563 144 145 92 Tangible Net Income 2,642$4,700$10,616$13,919$22,437$18,856$13,580$14,314$3,341$3,415$3,774$ Net Income as adjusted 4,221$4,962$10,675$12,425$21,339$18,500$13,321$13,883$3,197$3,270$3,682$ Intangible amortization, net of tax 143 417 1,153 1,194 1,171 1,095 521 563 144 145 92 Tangible Net Income as adjusted 4,364$5,379$11,828$13,619$22,510$19,595$13,842$14,446$3,341$3,415$3,774$ ROATCE 4.5% 5.3% 10.1% 12.1% 17.6% 14.4% 10.3% 10.0% 9.3% 9.2% 9.8% ROATCE as adjusted 7.5% 6.0% 11.2% 11.8% 17.6% 14.9% 10.5% 10.1% 9.3% 9.2% 9.8% (In thousands except ROAA and ROAA as adjusted) (In thousands except ROATCE and ROATCE as adjusted) Return on Average Assets (ROAA) as Adjusted Return on Average Tangible Common Equity (ROATCE) as Adjusted

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Reconciliation of Non-GAAP Financial Measures Note: All quarterly period ratios are annualized for net income / net income as adjusted 25 2017 2018 2019 2020 2021 2022 2023 2024 Mar-25 Jun-25 Sep-25 Non-interest Expense (GAAP) 22,878$29,764$42,686$43,673$40,532$41,743$40,142$42,306$10,463$10,750$11,051$ Less amortization of intangibles (219) (644) (1,496) (1,622) (1,596) (1,449) (755) (715) (179) (179) (113) Efficiency ratio numerator 22,659 29,120 41,190 42,051 38,936 40,294 39,387 41,591 10,284 10,571 10,938 Merger related costs (1,860) (463) (3,880) - - - - - - - - Branch Closure costs (951) (26) (15) (165) - (981) (380) (168) - - - Audit and financial reporting - - (358) - - - - - - - - Prepayment fee (104) - - - (102) - - - - - - Efficiency ratio numerator as adjusted 19,744$28,631$36,937$41,886$38,834$39,313$39,007$41,423$10,284$10,571$10,938$ Non-interest income 4,751$7,370$14,975$18,448$15,824$10,430$10,250$10,107$2,593$2,836$3,022$ Net interest margin 22,268 30,303 43,513 50,255 53,667 56,369 48,349 46,474 11,594 13,311 13,214 Add back net losses on debt and equity securities - (17) - - - - - (856) - - (66) Subtract net gains on debt and equity securities 111 - 271 110 1,224 541 459 - 10 99 - Efficiency ratio denominator (GAAP) 26,908 37,690 58,217 68,593 68,267 66,258 58,140 57,437 14,177 16,048 16,302 Net gain on sale of branch - - (2,295) - - - - - - - - Net gain on sale of acquired business l ines - - - (432) - - - - - - - Settlement proceeds (283) - - (131) - - - - - - - Efficiency ratio denominator as adjusted 26,625$37,690$55,922$68,030$68,267$66,258$58,140$57,437$14,177$16,048$16,302$ Efficiency ratio 84% 77% 71% 61% 57% 61% 68% 72% 73% 66% 67% Efficiency ratio as adjusted 74% 76% 66% 62% 57% 59% 67% 72% 73% 66% 67% 2017 2018 2019 2020 2021 2022 2023 2024 Mar-25 Jun-25 Sep-25 Total Stockholders' equity 73,483$135,847$150,553$160,564$170,866$167,088$173,334$179,084$180,051$183,462$186,815$ Less: Goodwi ll (10,444) (10,444) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) Less: Core deposit and intangibles (5,449) (4,805) (7,587) (5,494) (3,898) (2,449) (1,694) (979) (800) (621) (508) Tangible book value (non-GAAP) 57,590$120,598$111,468$123,572$135,470$133,141$140,142$146,607$147,753$151,343$154,809$ Shares outstanding 5,888,816 10,913,853 11,266,954 11,056,349 10,502,442 10,425,119 10,440,591 9,981,996 9,989,536 9,991,997 9,856,745 Book Value 12.48$12.45$13.36$14.52$16.27$16.03$16.60$17.94$18.02$18.36$18.95$ TBVPS 9.78$11.05$9.89$11.18$12.90$12.77$13.42$14.69$14.79$15.15$15.71$2017 2018 2019 2020 2021 2022 2023 2024 Mar-25 Jun-25 Sep-25 Total Assets 940,664$975,409$1,531,249$1,649,095$1,739,628$1,816,367$1,851,391$1,748,519$1,779,963$1,735,164$1,726,987$ Less: Goodwi ll (10,444) (10,444) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) Less: Core deposit and intangibles (5,449) (4,805) (7,587) (5,494) (3,898) (2,449) (1,694) (979) (800) (621) (508) Tangible Assets (non-GAAP) 924,771$960,160$1,492,164$1,612,103$1,704,232$1,782,420$1,818,199$1,716,042$1,747,665$1,703,045$1,694,981$ Total Stockhoders' Equity/Total Assets 7.8% 13.9% 9.8% 9.7% 9.8% 9.2% 9.4% 10.2% 10.1% 10.6% 10.8% Tangible Common Equity / Tangible Assets 6.2% 12.6% 7.5% 7.7% 7.9% 7.5% 7.7% 8.5% 8.5% 8.9% 9.1% (In thousands except Tangible Common Equity / Tangible Asets) (In thousands except Shares Outstanding, Book Value and TBVPS) (In thousands except Efficiency Ratio and Efficiency Ratio as adjusted) Efficiency Ratio as Adjusted Tangible Book Value Per Share (TBVPS) as Adjusted Tangible Common Equity / Tangible Assets

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Source: S&P Global Market Intelligence, eauclairedevelopment.com, greatermankato.com, Google Images, US Bureau of Labor Statistics Eau Claire MSA:  Features a broad-based, diverse economy, which is driven by commercial, housing, retail and medical industries. Mankato MSA:  The Mankato market also possesses a broad-based, diverse economy, which is driven by manufacturing, agribusiness, health care and education. Mankato Area EmployersEau Claire Area Employers Market Demographics 26 2.6% 3.1% 5.6% 3.2% 2.7% 3.1% 2.8% 3.1% 2.4% 3.0% 5.7% 3.3% 2.1% 2.5% 3.0% 3.5% 0.0% 2.0% 4.0% 6.0% Aug-18 Aug-19 Aug-20 Aug-21 Aug-22 Aug-23 Aug-24 Aug-25 MSA Unemployment Rates Eau Claire MSA Mankato MSA

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Leadership Team Mr. Stephen M. Bianchi, also known as Steve, has been the Chief Executive Officer and President of Citizens Community Bancorp, Inc. and Citizens Community Federal since June 24, 2016. He has been Chairman of Citizens Community Bancorp, Inc. since October 2018 and Citizens Community Federal National Association. As a banking veteran with 40 years of experience, Mr. Bianchi served in several senior management positions at Wells Fargo Bank and with Associated Bank. He served as the Chief Executive Officer at HF Financial Corp. from October 2011 and its President from April 2010 to May 2015. Mr. Bianchi served as the Chief Executive Officer and President of Home Federal Bank, a subsidiary of HF Financial Corp. from August 2012 to May 2015. He served as the Interim Chief Executive Officer and Interim President of HF Financial Corp. from October 2011 until July 2012. Mr. Bianchi served as Senior Vice President at Associated Bank, where he served as Minnesota Regional President and Minnesota Regional Commercial Banking Manager from July 2006 to April 2010. Before that, he served as Twin Cities Business Banking Manager for Wells Fargo Bank, where he held several other management positions over 14 years. He has been a Director of Citizens Community Bancorp, Inc. since May 25, 2017. He has been a Director of Citizens Community Federal since June 24, 2016. Mr. Bianchi received his B.S. degree in Finance and M.B.A. from Providence College. Stephen M. Bianchi Chairman of the Board President & CEO Mr. James S. Broucek, also known as Jim, has been Chief Financial Officer and Principal Accounting Officer at Citizens Community Bancorp, Inc and Citizens Community Federal since October 31, 2017. He serves as Executive Vice President, CFO, Treasurer, and Secretary of Citizens Community Bancorp, Inc. and of Citizens Community Federal National Association. He served as a Senior Manager of Wipfli LLP ("Wipfli") from December 2013 to October 2017. Before joining Wipfli, Mr. Broucek held several positions with TCF Financial Corporation ("TCF Financial") and its subsidiaries from 1995 to 2013, with his last position being Treasurer of TCF Financial. Prior to joining TCF Financial, Mr. Broucek served as the Controller of Great Lakes Bancorp. Mr. Broucek is a banking veteran with 40 years of experience. Mr. Broucek holds a B.A. in mathematics and business administration with a concentration in accounting from Hope College. James S. Broucek Executive VP, CFO Principal Accounting Officer, Treasurer & Secretary 27

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