482,500 shares of Citizens Community Bancorp, Inc. (NASDAQ Global Market: CZWI) are now authorized for open-market repurchase under a program the Eau Claire, Wisconsin bank's board approved September 2, 2026, running through September 1, 2027. The authorization replaces a July 2025 program that lapsed July 23, 2026; at expiry, 112,867 shares remained unexercised, meaning the bank had repurchased 386,133 of that program's 499,000-share ceiling, a 77.4% utilization rate on the predecessor.
Authorization comparison
| Metric | Prior program | New program |
|---|---|---|
| Shares authorized | 499,000 | 482,500 |
| Board approval | July 2025 | September 2, 2026 |
| Expiry | July 23, 2026 | September 1, 2027 |
| Shares unused at expiry | 112,867 (reported) | n/a |
| Shares repurchased | 386,133 (derived) | Active |
| Utilization at expiry | 77.4% (derived) | n/a |
The new ceiling of 482,500 is 3.3% below the prior program's 499,000-share limit. The prior authorization expired July 23, creating a 41-day gap before the board reinstated repurchase capacity on September 2.
Purchases under the new program may be made on the open market under Exchange Act Rule 10b-18. Citizens Community Bancorp may also execute transactions through Rule 10b5-1 trading plans, which allow pre-scheduled purchases during periods when insiders would otherwise face trading restrictions. Timing and volume remain at management's discretion based on price and prevailing market conditions, per the filing.
The board may amend or terminate the authorization at any time without prior notice, and no repurchase obligation attaches to the program. The 8-K, filed under Item 8.01 Other Events, was signed by CFO James S. Broucek on September 2, 2026.