Citizens Bancorp expected to report Q2 2010 results on July 29, 2010. This event was calculated by Capital IQ (Created on July 24, 2010).

Citizens Bancorp expected to report Fiscal Year 2010 results on February 28, 2011. This event was calculated by Capital IQ (Created on June 27, 2010).

Citizens Bancorp reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. The company reported net income for the quarter ended September 30, 2009 of $363,000 compared to net income of $176,000 for the same period in 2008, an increase of $187,000 or 106%. Earnings per diluted share for the three months ended September 30, 2009 and 2008 were $0.19 and $0.09, respectively. Net interest income was $3.7 million for the three month period ended September 30, 2009, a decrease of $297,000 or 7.5%, as compared to $4.0 million for the same period in 2008. The company's net interest margin declined from 4.78% in the three month period ended September 30, 2008 to 4.17% in the three month period ended September 30, 2009. Income before provision for income tax was $653,000 against $296,000 for the same period a year ago. Return on average assets was 0.40% against 0.20% for the same period a year ago. Return on average equity was 7.93% against 3.14% for the same period a year ago. Total interest income was $4.6 million compared to $5.5 million for the same period a year ago. The company reported net loss for the nine month period ended September 30, 2009 was $1.7 million or $0.89 per share compared to net income of $889,000 and or $0.46 per share for the same period in 2008. The decrease in net income for the nine months ended September 30, 2009 compared to 2008 was attributed primarily to an increase in the provision for loan losses along with valuation expenses related to real estate owned. For the nine month period ended September 30, 2009, net interest income was $10.9 million compared to $11.5 million in the same period in 2008. The company's net interest margin narrowed from 4.76% in the nine month period ended September 30, 2008 to 4.35% in the nine month period ended September 30, 2009. Loss before provision for income tax was $2,341,000 against income of $1,491,000 for the same period a year ago. Negative return on average assets was 0.60% against return on average assets of 0.34% for the same period a year ago. Annualized return on average equity was negative at 11.44% against annualized return on equity of 5.37% for the same period a year ago. Total interest income was $14.2 million compared to $16.7 million for the same period a year ago.