Citizens Financial Corp. Reports Nearly 40% Increase in Year-to-Date Earnings to $10.6 Million and Announces Stock Repurchase Plan
Key Highlights
- ➤Nine-month net income $10.62 million, up 39.4% year over year
- ➤Board authorizes discretionary common-stock repurchase program
- ➤Nine-month net interest income $23.7 million, up 17.3% year over year
- ➤September assets $782.2 million, up 14.1% year over year
- ➤Nine-month common-share dividend rises 16.0% to $0.87
Expert Statements
Nathaniel S. Bonnell, President and Chief Executive Officer of Citizens Financial Corp.
“This repurchases program reflects our confidence in the Company's financial strength and long-term prospects.”
Nathaniel S. Bonnell, President and Chief Executive Officer of Citizens Financial Corp.
“The program provides flexibility to repurchase shares when management and the Board determine that market conditions and valuation make such purchases an appropriate use of capital.”
Citizens Financial Corp. Reports Nearly 40% Increase in Year-to-Date Earnings to $10.6 Million and Announces Stock Repurchase Plan
Nathaniel S. Bonnell, President & CEO of Citizens Financial Corp. (Citizens) (OTCID: CIWV), the parent company of Citizens Bank of West Virginia, Inc. announced that, for the three months ended September 30, 2026, Citizens had consolidated net income of $3,596,000, or $2.00 per common share and $2.10 per class A common share, for an increase of $978,000, or 37.4%, from $2,618,000, or $1.46 per common share and $1.54 per class A common share, for the three months ended September 30, 2025.
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