The credit deterioration is acute and concentrated in three relationships, but the magnitude of the provision suggests elevated risk of further downgrades. Monitor the Q3 2026 charge-off and NPA trends closely; a dividend cut becomes plausible if earnings remain depressed. The PPNR improvement provides some buffer, but the stock will likely reprice lower on the earnings miss.
Price Chart
Executive Summary
CZWI reported Q2 2026 GAAP EPS of $0.11, a massive miss versus the $0.41 consensus, driven by a $4.33 million provision for credit losses from three deteriorating loan relationships. Nonperforming assets surged 78% to $32.4 million, while pre-provision net revenue actually improved 3.3% sequentially, highlighting that the miss is entirely credit-driven. The board maintained the $0.105 quarterly dividend.
Key Financial Metrics
Key Facts
- GAAP diluted EPS $0.11 vs consensus $0.41 (73.2% miss)
- Provision for credit losses $4.33M, up from $0.75M in Q1 2026 and $1.35M in Q2 2025
- Nonperforming assets increased $14.2M to $32.4M (78% QoQ jump)
- Net interest income improved to $13.5M from $13.0M in Q1; NIM expanded 4bp to 3.22%
- PPNR (pre-provision net revenue) rose to $5.56M vs $5.38M in Q1 and $5.40M year ago
- Loans grew 1.8% linked-quarter to $1.383B; deposits decreased 0.7% to $1.554B
- Quarterly dividend maintained at $0.105 per share
Financial Impact
EPS collapsed from $0.39 in Q1 to $0.11 due to a $4.33M provision (including $1.42M charge-offs). Net income fell 71% YoY to $1.1M. NPAs rose to 1.79% of assets from 1.00%.
Risk Factors
- Further credit deterioration in the CRE and campground loan portfolios
- Potential dividend reduction if earnings do not recover
- Increased regulatory scrutiny on asset quality
- Possible negative rating agency actions or covenant breaches
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001367859-26-000041 |
| Exhibit: ex993.htm | 0001367859-26-000041 |
| Exhibit: ex992.htm | 0001367859-26-000041 |
| Document: czwi-20260727.htm | 0001367859-26-000041 |
| Document: 0001367859-26-000041-index-headers.html | 0001367859-26-000041 |
| Document: 0001367859-26-000041-index.html | 0001367859-26-000041 |
| Document: 0001367859-26-000041.txt | 0001367859-26-000041 |
| 8-K Data (Synthetic) | 0001367859-26-000041 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $21.56 | awaiting T+20 | — | $23.17 (+7.49%) |
Oct 26, 2026 1d ago | Press Release | $21.47 | awaiting T+20 | — | $23.17 (+7.94%) |
Sep 2, 2026 7w ago | 8-K | $21.47 $21.20 | ▼ −1.26% | ▼ −1.10% | $23.17 (+7.94%) |
Jul 31, 2026 12w ago | 8-K | $22.00 $21.02 | ▼ −4.45% | ▼ −7.44% | $23.17 (+5.34%) |
Jul 27, 2026 13w ago | 8-K | $21.40 $20.88 | ▲ +2.43% | ▲ +5.73% | $23.17 (−8.29%) |
Jul 27, 2026 13w ago | Press Release | $21.40 $20.88 | ▲ +2.43% | ▲ +5.73% | $23.17 (−8.29%) |
May 18, 2026 23w ago | Insider Cluster | $20.31 $21.25 | ▲ +4.63% | ▲ +3.64% | $23.17 (+14.11%) |
May 15, 2026 23w ago | Insider Cluster | $20.51 $21.17 | ▲ +3.22% | ▲ +1.64% | $23.17 (+12.99%) |
May 14, 2026 23w ago | 144 | $20.93 $21.46 | ▲ +2.53% | ▲ +3.39% | $23.17 (+10.73%) |
May 4, 2026 25w ago | Insider Cluster | $20.93 $20.41 | ▼ −2.49% | ▼ −6.70% | $23.17 (+10.71%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers