Citizens Financial Corp. reports nearly 40% rise in nine-month earnings
Citizens Financial Corp. of West Virginia lifted nine-month net income 39.4% and announced a share repurchase plan, according to TradingView.
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what happened
Citizens Financial Corp., the parent of Citizens Bank of West Virginia, reported nine-month 2026 net income of $10.62 million, up 39.4% from a year earlier, according to TradingView. Third-quarter profit reached $3.6 million, or $2.00 per common share.
The board has also authorized a share repurchase program. Buybacks will happen in open market or private transactions at management's discretion, with no obligation to buy a set number of shares, and the program can be paused or ended at any time without notice.
Total assets at the end of September stood at $782.2 million, up 14.1% year on year, and the net interest margin for the nine months rose to 4.44% from 4.05%.
why it matters
The company is small and its shares trade over the counter, so the effect on the broader market is limited. The news matters mainly for regional bank investors and holders of this stock.
tags
sources
- Citizens Financial Corp. Reports Nearly 40% Increase in Year-to-Date Earnings to $10.6 Million and Announces Stock Repurchase Plan — TradingView, 19 October 2026 at 14:10 UTC
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