Citizens Holding Company (CIZN): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind Citizens Holding Company (CIZN) and how it operates? As a financial services company, Citizens Holding Company had total assets of $1.42 billion, total deposits of $1.24 billion, and net income of $31.2 million as of Q4 2023. Keep reading to discover its history, who owns it, its mission, and how it generates revenue, offering a comprehensive look at this key player in the regional banking sector.

Citizens Holding Company (CIZN) History

Citizens Holding Company Founding Timeline

Year established

Citizens Holding Company was established in 1984.

Original location

The company is based in Philadelphia, Mississippi.

Founding team members

While specific names of the founding team members are not readily available in the provided search results, the establishment of Citizens Holding Company was linked to the pre-existing Citizens Bank of Philadelphia.

Initial capital/funding

Information regarding the specific initial capital or funding for Citizens Holding Company at its inception in 1984 is not available in the provided search results.

Citizens Holding Company Evolution Milestones

Citizens Holding Company Transformative Moments

Citizens Holding Company's journey has been marked by strategic decisions that have shaped its growth and direction:

• Going Public (1999): The decision to launch an IPO in 1999 was a pivotal moment, providing the company with access to capital markets and increasing its visibility among investors. This move facilitated future growth and expansion opportunities.
• Strategic Acquisitions: The acquisition of Farmers National Bank in 2018 stands out as a transformative event. This acquisition not only expanded the company's asset base but also broadened its geographic reach and service offerings, contributing to enhanced profitability.
• Focus on Community Banking: Remaining committed to its roots as a community bank has been a consistent theme throughout Citizens Holding Company's history. This dedication to local communities has fostered customer loyalty and supported sustainable growth, differentiating it from larger, more impersonal financial institutions.
• Adaptation to Changing Regulations and Technology: Successfully navigating evolving regulatory landscapes and technological advancements in the banking industry has been crucial. Embracing digital banking solutions while maintaining a personal touch has allowed Citizens Holding Company to stay competitive and meet the changing needs of its customers.

For more insights into the investor profile, check out: Exploring Citizens Holding Company (CIZN) Investor Profile: Who’s Buying and Why?

Citizens Holding Company (CIZN) Ownership Structure

Citizens Holding Company operates with a diverse ownership structure that includes a mix of institutional, retail, and insider stakeholders, influencing its governance and strategic direction.

Citizens Holding Company's Current Status

Citizens Holding Company is a publicly traded company, listed on the OTCQX under the ticker symbol CIZN. This means its shares are available for purchase by the general public, and the company is subject to certain regulatory requirements regarding financial reporting and corporate governance.

Citizens Holding Company's Ownership Breakdown

Understanding the ownership breakdown of Citizens Holding Company provides insights into who has the most significant influence on the company's decisions. Here's a look at the ownership composition:

Citizens Holding Company's Leadership

The leadership team at Citizens Holding Company is responsible for setting the strategic direction and overseeing the company's operations. Key figures include:

• Gregory L. শেপার্ড serves as the President and CEO.
• জোएल টি. ডিকসন holds the position of Executive Vice President and CFO.
• লিন্ডি ফাউলার is the Executive Vice President and Chief Credit Officer.
• ক্যাথি স্টিভেনসন serves as the Executive Vice President and Chief Operations Officer.

These individuals, along with the Board of Directors, guide the company's strategies and ensure its financial health. You can gain further insights into the company's guiding principles by exploring the Mission Statement, Vision, & Core Values of Citizens Holding Company (CIZN).

Citizens Holding Company (CIZN) Mission and Values

Citizens Holding Company strives to enhance shareholder value by operating a successful community bank and related financial service businesses. The company is dedicated to providing financial solutions with a focus on customer service and community support.

Citizens Holding Company's Core Purpose

Official mission statement

Citizens Holding Company's mission statement is as follows:

• To operate a successful community bank.
• To increase shareholder value.
• To provide financial services with customer service.
• To support the community.

Vision statement

While a specific, formally declared vision statement is not explicitly available in the provided search results, the overarching vision can be inferred from the company's activities and objectives:

• To be a leading independent community bank.
• To deliver long-term value to its shareholders.
• To be recognized for its commitment to customers and the communities it serves.

Company slogan/tagline

Information about a specific company slogan or tagline for Citizens Holding Company is not available in the provided search results. However, based on their operational focus and mission, a fitting tagline might emphasize their commitment to local communities and customer relationships.

For more insights into Citizens Holding Company, check out: Exploring Citizens Holding Company (CIZN) Investor Profile: Who’s Buying and Why?

Citizens Holding Company (CIZN) How It Works

Citizens Holding Company operates as the holding company for The Citizens Bank, providing a range of commercial and personal banking products and services to individuals, businesses, and government entities.

Citizens Holding Company's Product/Service Portfolio

Citizens Holding Company's Operational Framework

Citizens Holding Company, through The Citizens Bank, operates with a community-banking model, emphasizing local decision-making and customer relationships. The bank generates revenue primarily through:

• Interest Income: Earning interest on loans and investment securities.
• Service Fees: Collecting fees for various banking services.
• Wealth Management: Generating fees from trust, financial planning, and investment management activities.

The operational framework involves:

• Attracting deposits from the local community to fund lending activities.
• Underwriting and managing credit risk in the loan portfolio.
• Investing in technology to enhance online and mobile banking services.
• Maintaining a branch network to serve customers in person.

More insights about the company's financial helath can be found here: Breaking Down Citizens Holding Company (CIZN) Financial Health: Key Insights for Investors

Citizens Holding Company's Strategic Advantages

Citizens Holding Company's strategic advantages include:

• Strong Local Presence: Deep roots and established relationships in its service area.
• Customer Service: Focus on providing personalized service and building long-term customer loyalty.
• Diversified Product Offering: Wide array of banking, lending, and wealth management products.
• Technology Investments: Ongoing investments in digital banking platforms.
• Efficient Operations: Streamlined processes and cost controls to improve profitability.

Citizens Holding Company (CIZN) How It Makes Money

Citizens Holding Company primarily generates revenue through its subsidiary bank, The Citizens Bank, offering traditional banking services to individuals and businesses.

Citizens Holding Company's Revenue Breakdown

As the most recent 2024 data is unavailable, the following is based on the most recent available information.

Citizens Holding Company's Business Economics

Citizens Holding Company's profitability is influenced by several key economic factors and pricing strategies:

• Interest Rate Spread: The difference between the interest earned on loans and the interest paid on deposits is a primary driver of profitability. Wider spreads typically lead to higher net interest income.
• Loan Volume: The amount of loans the bank originates and holds significantly impacts revenue. Increased lending activity generally boosts interest income.
• Deposit Base: A strong deposit base provides the bank with the capital needed for lending activities. The cost of attracting and retaining deposits affects profitability.
• Fee Income: Charges for services like account maintenance, overdrafts, and wealth management contribute to non-interest income. Strategic pricing of these services can enhance revenue.
• Operating Efficiency: Managing operational costs, including salaries, technology, and real estate, is crucial for maintaining profitability. Efficient operations improve the bottom line.
• Local Economic Conditions: The economic health of the communities the bank serves affects loan demand and credit quality. Strong local economies typically support loan growth and reduce loan losses.

Citizens Holding Company's Financial Performance

Key aspects of Citizens Holding Company's financial performance include:

• Net Interest Margin (NIM): A critical profitability metric, NIM reflects the difference between interest income and interest expense, relative to interest-earning assets. A higher NIM indicates greater profitability from lending activities.
• Efficiency Ratio: This ratio measures operating expenses as a percentage of revenue. A lower efficiency ratio signifies better operational efficiency.
• Asset Quality: Measured by metrics like non-performing loans as a percentage of total loans, asset quality indicates the health of the loan portfolio. Lower levels of non-performing assets are preferable.
• Return on Assets (ROA): ROA measures how effectively the company is using its assets to generate profits. A higher ROA indicates better asset utilization.
• Earnings per Share (EPS): EPS indicates the profitability of the company on a per-share basis. Increasing EPS generally reflects improving financial performance.

To gain more insights into the financial health of Citizens Holding Company, explore this analysis: Breaking Down Citizens Holding Company (CIZN) Financial Health: Key Insights for Investors

Citizens Holding Company (CIZN) Market Position & Future Outlook

Citizens Holding Company is strategically positioned to maintain a stable market presence, with a focus on community banking and financial services. The company's future outlook involves navigating the evolving financial landscape while capitalizing on opportunities for growth and efficiency.

Competitive Landscape

Opportunities & Challenges

Industry Position

Citizens Holding Company operates as a community-focused bank, distinguishing itself through personalized customer service and local market expertise. Its standing within the industry can be further understood by considering the following points:

• Strong community ties fostering customer loyalty.
• Conservative lending practices ensuring asset quality.
• Emphasis on sustainable growth rather than aggressive expansion.

To gain more insight into the guiding principles of the company, explore Mission Statement, Vision, & Core Values of Citizens Holding Company (CIZN).