Citizens Holding Q3 Net Income Rises 83% After Branch Sale-Leasebacks

Citizens Holding Company recorded unaudited net income of $4.322 million in the three months through Sept. 30, 2026, an 83.4% increase from $2.357 million in the same quarter a year earlier. Basic and diluted earnings came to $0.76 a share, up from $0.42.

Three branches were sold and leased back during the quarter, producing a $2.849 million pretax gain. The holding company's core net income, a company-defined measure that removes the after-tax impact of non-core items, including the gain, was $2.184 million. That was 6.2% higher than the $2.057 million recorded in the third quarter of 2025 and 3.1% above the $2.119 million reported in the second quarter of 2026.

Net interest income rose 8.4% year over year to $11.870 million. Net interest margin on a fully taxable-equivalent basis was 3.35%, up 23 basis points from the year-earlier quarter and down 2 basis points from the second quarter.

The provision for credit losses was $840,000, a 52.4% increase from the third quarter of 2025. Net charge-offs totaled $1.088 million for the quarter and $2.321 million for the first nine months of 2026.

Citizens Holding is a holding company with one bank subsidiary, The Citizens Bank. The company and bank are headquartered in Philadelphia, Mississippi, and the bank operates in 14 Mississippi counties. Citizens Holding shares trade on OTCQX under the ticker CIZN.