Civista Bancshares

Civista Bancshares, Inc. is a financial holding company engaged in the community banking business. It provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland. The firm's primary deposit products are checking, savings, and term certificate accounts, and its lending products are residential mortgage, commercial and installment loans. The company was founded on February 19, 1987 and is headquartered in Sandusky, OH.

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Civista Bancshares reports strong earnings, eyes growth through acquisitions

Civista Bancshares delivered solid financial results with increased earnings and significant growth in loans and deposits.
While facing challenges such as rising expenses and anticipated credit loss provisions, the company remains well-positioned for growth.
Strategic acquisitions, expansion initiatives, and a focus on customer financial stability provide avenues for future success and profitability.

Civista Bancshares reports strong Q1 earnings amidst growth opportunities

Civista Bancshares delivered a strong performance in Q1 2023, with solid loan and deposit growth and robust credit quality.
While facing challenges such as increased noninterest expenses and declining service charge revenue, the company is focused on capital management and growth opportunities.
Opportunities lie in sustaining deposit balances, exploring acquisitions, and leveraging interest rate strategies for revenue growth and risk management.
Overall, Civista's strategic focus on maintaining a strong capital position and driving deposit and loan growth positions it well for future success.

Civista Bancshares reports robust Q2 earnings amidst margin pressure

Civista Bancshares' Q2 performance showcased growth in net income, loans, and deposits. Despite margin pressure and lower gains on sales, the company's credit quality remains strong. Opportunities in the leasing business and strategic reallocation of securities book offer potential for future growth.

Civista Bancshares reports mixed Q3 results, eyes revenue growth

Civista Bancshares faced challenges with margin compression and expense increases but saw strong loan portfolio growth and stable credit quality.
Opportunities lie in revenue growth through leasing, digital enhancements, and equipment leasing expansion.
Performance metrics show a mixed picture for the quarter, with a focus on profitability improvements and addressing revenue challenges by early 2024.
The company remains focused on enhancing its offerings and managing expenses to drive future growth and profitability.

Civista Bancshares reports mixed Q4 results, optimistic about growth

Civista Bancshares faced challenges with deposit competition and expense increases but capitalized on loan growth and strong credit quality.
The company's focus on rebuilding TCE ratio and organic growth presents opportunities for continued success.
Overall, Civista Bancshares delivered record net income and remains optimistic about future performance.
Despite some challenges, the company's strengths in credit quality and growth strategies position it well for the future.

Civista Bancshares faces revenue challenges but eyes growth opportunities ahead

Civista Bancshares navigated challenges in Q1 2024 with a focus on revenue diversification and cost management to ensure financial stability and growth.
Despite a decline in net income, the company demonstrated strengths in strategic initiatives, mortgage production, and consumer market adaptation.
Challenges such as revenue reduction and uncertainty in Q2 are balanced by opportunities in market expansion, profitability enhancement, and core franchise strength.
Overall, Civista Bancshares remains confident in its future success, emphasizing a disciplined approach and strong financial foundation for sustainable growth.

Civista Bancshares reports Q2 growth amidst revenue challenges

Civista Bancshares saw improved net income and loan portfolio growth in Q2 2024, supported by increased noninterest income.
While facing challenges in revenue replacement and higher expenses, the company remains focused on credit quality and capital strength.
Exploring core funding initiatives and growth opportunities, Civista Bancshares aims to enhance its financial position and improve margins.

Civista Bancshares reports mixed Q3 results, eyes margin expansion

Civista Bancshares navigated a challenging quarter with a mix of positives and challenges.
The company's disciplined financial management and strategic initiatives position it well for future growth.
Anticipated margin expansion and a focus on credit quality and customer base growth are key areas of focus.

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First Citizens Bancorp, Inc. is a one-bank financial holding company, whose principal subsidiary is first citizens bank and trust co. Inc. It offers commercial and retail banking services. The company provides financial services including deposit acceptance, corporate cash management, IRA plans, trust services and secured and unsecured loans. It also originates and services mortgage loans and provides financing for small businesses. First Citizens Bancorp was founded in 1982 and is headquartered in Columbia, SC.

Civista Bancshares, Inc. (NASDAQ:CIVB ) Q3 2024 Earnings Conference Call October 29, 2024 1:00 PM ET Company Participants Dennis Shaffer - President & Chief Executive Officer Richard Dutton - Senior Vice President & Chief Operating Officer Chuck Parcher - Senior Vice President & Chief Lending Officer Ian Whinnem - Senior Vice President & Chief Financial Officer Mike Mulford - Chief Credit Officer. Conference Call Participants Justin Crowley - Piper Sandler Brendan Nosal - Hovde Group Terry McEvoy - Stephens Tim Switzer - KBW Manuel Navas - D.A.

Civista Bancshares, Inc. (CIVB) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Civista Bancshares (CIVB) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Civista Bancshares (CIVB) Q3 Earnings: A Look at Key Metrics

Civista Bancshares (CIVB) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.66 per share a year ago.

Civista Bancshares (CIVB) Beats Q3 Earnings and Revenue Estimates

SANDUSKY, Ohio , Oct. 29, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") announced its unaudited financial results for the three- and nine-month periods ending September 30, 2024.  Third quarter and year-to-date 2024 highlights: Net income of $8.4 million, or $0.53 per diluted share, for the third quarter of 2024, compared to $10.4 million, or $0.66 per diluted share, for the third quarter of 2023.

Civista Bancshares, Inc. Announces Third Quarter 2024 Financial Results of $0.53 per Common Share

SANDUSKY, Ohio , Oct. 25, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 16 cents per common share to shareholders of record November 5, 2024, payable November 19, 2024. This dividend represents a payout of approximately $2.5 million.

Civista Bancshares, Inc. Declares Fourth Quarter Common Dividend

SANDUSKY, Ohio , Oct. 2, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") announced today that it will issue its third quarter 2024 financial results prior to market open on Tuesday, October 29, 2024. Civista Bancshares, Inc. will also host a conference call and webcast at 1:00 p.m.

Civista Bancshares, Inc. Announces Third Quarter 2024 Earnings Release Date

As the balance sheet is liability-sensitive, the margin will benefit from a falling interest-rate environment. CIVB's loan growth has been quite healthy in the past and is likely to remain decent in the future. The December 2024 target price suggests a double-digit price upside from the current market price.

Civista Bancshares: Margin Likely To Drive Earnings Recovery; Valuation Isn't Bad

Civista Bancshares, Inc. (NASDAQ:CIVB ) Q2 2024 Earnings Conference Call July 29, 2024 1:00 PM ET Company Participants Dennis Shaffer - President and Chief Executive Officer Richard Dutton - Senior Vice President and Chief Operating Officer Charles Parcher - Senior Vice President and Chief Lending Officer Michael Mulford - Senior Vice President and Chief Credit Officer Ian Whinnem - Interim Principal Accounting Officer, Senior VP and CFO Conference Call Participants Justin Crowley - Piper Sandler Brendan Nosal - Hovde Group Terry McEvoy - Stephens Tim Switzer - KBW Manuel Navas - D.A. Davidson Operator Before we begin, I would like to remind you that this conference call may contain forward-looking statements with respect to the future performance and financial condition of Civista Bancshares, Inc., that involve risks and uncertainties.

Civista Bancshares, Inc. (CIVB) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Civista Bancshares (CIVB) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Civista Bancshares (CIVB) Reports Q2 Earnings: What Key Metrics Have to Say

Civista Bancshares (CIVB) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.64 per share a year ago.

Civista Bancshares (CIVB) Q2 Earnings and Revenues Beat Estimates

SANDUSKY, Ohio , July 29, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") announced its unaudited financial results for the three- and six-month periods ended June 30, 2024.  Second quarter and year-to-date 2024 highlights: Earnings per diluted share (EPS) for the quarter were $0.45, higher by $0.04, or 10%, than the prior quarter, and lower by $0.19, or 30%, from the year-ago quarter.

Civista Bancshares, Inc. Announces Second Quarter 2024 Financial Results

SANDUSKY, Ohio , July 26, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 16 cents per common share to shareholders of record August 6, 2024, payable August 20, 2024.  This dividend represents a payout of approximately $2.5 million.

Civista Bancshares, Inc. Declares Third Quarter Common Dividend

SANDUSKY, Ohio , July 16, 2024 /PRNewswire/ -- Civista Bancshares, Inc. ("Civista") (NASDAQ: CIVB) announced today that Todd Michel, Senior Vice President and Controller, will retire from the Company effective July 16, 2024. The Company has commenced a search for a permanent replacement for Mr.

Civista Bancshares Announces Retirement of Controller Todd Michel

Civista Bancshares (CIVB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Civista Bancshares (CIVB) Surges 6.7%: Is This an Indication of Further Gains?

SANDUSKY, Ohio , July 5, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") announced today that it will issue its second quarter 2024 financial results prior to market open on Monday, July 29, 2024. Civista Bancshares, Inc. will also host a conference call and webcast at 1:00 p.m.

Civista Bancshares, Inc. Announces Second Quarter 2024 Earnings Release Date

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ADNT, ARCB and CIVB have been added to the Zacks Rank #5 (Strong Sell) List on June 17, 2024.

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Civista Bancshares, Inc. (NASDAQ:CIVB ) Q1 2024 Earnings Conference Call April 30, 2024 1:00 PM ET Company Participants Dennis Shaffer - President and Chief Executive Officer Rich Dutton - Senior Vice President and Chief Operating Officer Chuck Parcher - Senior Vice President and Chief Lending Officer Conference Call Participants Nick Cucharale - Hovde Group Terry McEvoy - Stephens Manuel Navas - D.A. Davidson Daniel Cardenas - Janney Montgomery Scott Operator Ladies and gentlemen, before we begin, I would like to remind you that this conference call may contain forward-looking statements with respect to the future performance and financial condition of Civista Bancshares that involves risks and uncertainties.

Civista Bancshares, Inc. (CIVB) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Civista Bancshares (CIVB) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Civista Bancshares (CIVB) Reports Q1 Earnings: What Key Metrics Have to Say

Civista Bancshares (CIVB) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.82 per share a year ago.

Civista Bancshares (CIVB) Q1 Earnings and Revenues Miss Estimates

SANDUSKY, Ohio , April 30, 2024 /PRNewswire/ -- Civista Bancshares, Inc. ("Civista") (NASDAQ: CIVB) announced today that Ian Whinnem will join the Company as Senior Vice President, Chief Financial Officer effective June 3, 2024. He will be a member of Civista's Executive Leadership Team reporting to President and Chief Executive Officer, Dennis G.

Civista Bancshares Names Ian Whinnem Chief Financial Officer

SANDUSKY, Ohio , April 30, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced its unaudited financial results for the three months ending March 31, 2024.  First quarter highlights Net income of $6.4 million, or $0.41 per diluted share, for the first quarter of 2024, compared to $12.9 million, or $0.82 per diluted share, for the first quarter of 2023.

Civista Bancshares, Inc. Announces First Quarter 2024 Financial Results

Civista Bancshares is a financial holding company that provides banking services in Ohio. The company's main source of revenue is its loan portfolio, with a focus on real estate loans. This is a very profitable bank with a great capital position and shares that are trading at a very attractive price while offering a decent dividend yield.

Civista Bancshares Has An Attractive Dividend With Significant Upside

SANDUSKY, Ohio , April 26, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 16 cents per common share to shareholders of record May 7, 2024, payable May 22, 2024.  This dividend represents a payout of approximately $2.5 million.

Civista Bancshares, Inc. Declares Second Quarter Common Dividend

SANDUSKY, Ohio , April 18, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") today announced that the Board of Directors has approved a stock repurchase program authorizing Civista to purchase, from time to time, up to an aggregate $13.5 million of its outstanding common shares. This new program replaces the prior share repurchase program approved by the Board of Directors which had authorized Civista to purchase up to an aggregate of $13.5 million common shares and would have expired on April 18, 2024, with an aggregate of $1.5 million purchased through the replacement date.

Civista Bancshares, Inc. Announces Share Repurchase Program

SANDUSKY, Ohio , April 8, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") announced today that it will issue its first quarter 2024 financial results prior to market open on Tuesday, April 30, 2024. Civista Bancshares, Inc. will also host a conference call and webcast at 1:00 p.m.

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