Citizens Community Bank Earnings
Is Citizens Community Bank a good bet for investors and those opening a checking or savings account? Personally I would think so, but don’t put 100% trust in that. Citizens Community Bank shared their progress report with their second and year to date earnings.
According to marketwatch.com “Quarterly net income was $8,434, a decrease of 92.4% or $102,610, over second quarter 2007. Earnings per share, both basic and diluted, equaled $.01 compared to $.08 for the three months ended June 30, 2007.”
How does this look for investors? Well its not the best thing, but considering that they opened a new location, and are putting out money to fund that its not the worst. The economy is uncertain, so any forecast on what they are telling investors for future dates are merely speculation.
If you are a small town banker and wish to get in with Citizens community, its not a bad thing, but like any other bank at the moment nothing is truly known about its future.
