市民金融控股 2025年度报告

Since1908,TheCitizensBankhasproudlyservedasacornerstoneofourcommunity,growingfromourrootsinPhiladelphia,Mississippi,intoatrustedcommunitybankserving26communitiesacrossthestate. Aswehaveexpandedourfootprintovermorethanacentury,wehaveremainedtruetoasimplebutenduringmission:toserveourcustomerswithintegrity,strengthenthecommunitieswecallhome,andstewardthisinstitutionwithcareforgenerationstocome. Asacommunitybank,oursuccesshasneverbeenmeasuredsolelybynumbersonabalancesheet,butbytherelationshipswebuild,thetrustweearn,andtheroleweplayinhelpinglocalfamilies,businesses,andcommunitiesthrive.Througheconomiccycles,industrychange,andgenerationalshifts,TheCitizensBankhasremainedsteady-locallyowned,locallymanaged,anddeeplyinvestedinthepeopleandplacesweserve. Thispastyearreflectsthatcommitment.Fromsupportinglocalbusinessesandfamiliestoreinvestinginourcommunitiesandadvancingthoughtful,responsiblegrowth,wecontinuetobalancetraditionwithprogress.Ouremployees-dedicated,knowledgeable,andservice-driven-aretheheartofthisbank,andtheircommitmentensuresthatourcustomersreceivethepersonalattentionandsoundfinancialguidancetheyexpectfromTheCitizensBank. Aswecelebrate118yearsofservice,wedosowithgratitudefortheconfidenceourshareholdersplaceinusandwithoptimismforthefuture.Guidedbyourhistoryandfocusedonlong-termstrength,weremaincommittedtopreservingthevaluesthatdefineuswhilepositioningTheCitizensBankforcontinuedsuccessintheyearsahead. Letter to the ShareholdersStacy M. Brantley On behalf of The Citizens Bank’s Board of Directors and the entire Citizens team,I am excited to report significant progress made during the year and continuedexecution of the strategic plan adopted in the fourth quarter of 2023. This planis focused primarily on reconstruction of our balance sheet and building on theservice culture that has anchored the Bank’s success for well over a century. Commitment to serving our communities and support of our bankers facilitatedstrong core growth over the course of 2025. Organized focus on deposit gatheringand treasury sales resulted in non-interest-bearing deposit growth of 10.48% overthe prior year end. This, along with disciplined pricing, helped the Bank to lower its overall cost of funds by 36bps during the year.On the other side of the balance sheet, our banking teamsproduced loan growth of 9.80% during the year driving the yield on earning assets up 15bp over the prior year-end. In combination, these efforts led to significant expansion of the net interest margin with a margin of 3.10%.This represents a 53bp increase over the prior year-end, the highest net interest margin achieved by the bank in over a decade, and a significant recovery since the Bank’smargin bottomed out at 2.55% following increases tothe Fed Funds rate as the Fed tightened from February of2022 through August of 2023. Our banking teams havedriven strategic improvements to and growth of thecompany’s balance sheet positioning the Bank for bothasset and earnings growth in the future. Our banking teams have driven strategicimprovements to andgrowth of the company’sbalance sheet positioningthe Bank for bothasset and earningsgrowth in the future. In addition to strong year-over-year earnings growth,the company dedicated resources to building a moreconservative balance sheet, expanding both capital andreserves. While growing loans by 9.80%, the companyfunded reserves for this growth and expanded thereserve for credit losses by 15bp to 1.06%. We arecommitted to increasing capital and reserves to furtherfortify the Bank’s balance sheet as the company grows.In discussing transformational changes for the company,transitioning over fifteen percent of the bank’s liabilities fromrepurchaseagreementstodepositsduringthefourthquarterhasandwillhaveasignificantimpactonopportunitiestoexpandearningsandincreaseliquidityincomingquarters.Thiswillallowforstrategicreinvestmentofover$250millioninassetsovertimeandpositionthecompanytoachievelargerspreadsandwidermargins. WhileIamextremelyproudoftheprogressmadeduring2025andthesignificanteffortsandcontributionsmadeacrossourbankingteams,Iamequallyexcitedbytheopportunitiesthatlieahead.Wewillcontinuetoinvestintalentedbankers,seekefficienciesthroughtechnology,andworktoensureweprovidetheproductsandservicesourcustomersdemand.Buildoutofkeybusinesslineswillbeatoppriorityentering2026andwewillworktobettersupportandexpandbankingteamsinkeymarketsasneeded.Ineachoftheseendeavors,wewillleadwithculture,providingexceptionalsupporttoourbankingteamsandexceptionalservicetoourcustomersandtrustedpartners. IwouldliketoexpressmygratitudetoourshareholdersfortheircommitmenttoandsupportofCitizensHoldingCompany.Itremainsmyhonortoserve,andIlookforwardtoabrightfutureaswecontinuetoreinvestinyourcompanyandgrowyourinvestment. Goodleadershavetheabilitytoinspireusintheirlifetime.Greatleadershavetheabilitytoinspireusbeyondtheirlifetime. S I M O NS I N E K JANED.CROSSWHITEExecutiveVicePresident CRAIGDUNGAN,MDPhysician GREGCRONIN STACYM.BRANTLEY Will