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Civista Bancshares Inc - CIVB STOCK NEWS

Welcome to our dedicated news page for Civista Bancshares (Ticker: CIVB), a resource for investors and traders seeking the latest updates and insights on Civista Bancshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Civista Bancshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Civista Bancshares's position in the market.

Rhea-AI Summary
Civista Bancshares, Inc. (NASDAQ:CIVB) announced a $13.5 million stock repurchase program approved by the Board of Directors to replace the prior program. The program aims to enhance shareholder value by allowing the company to repurchase its outstanding common shares through open market transactions or negotiated deals until April 15, 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.96%
Tags
buyback
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Rhea-AI Summary
Civista Bancshares, Inc. (CIVB) will release its first quarter 2024 financial results on April 30, 2024, followed by a conference call and webcast to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.14%
Tags
-
Rhea-AI Summary
Civista Bancshares, Inc. (NASDAQ:CIVB) announced its unaudited financial results for the three and twelve month periods ending December 31, 2023. Net income for the fourth quarter of 2023 was $9.7 million, compared to $12.1 million for the same period in 2022. For the twelve months ended December 31, 2023, net income was $43.0 million compared to $39.4 million for 2022. Civista also reported a cost of deposits of 179 basis points and total funding costs of 219 basis points for the quarter. The company's noninterest income decreased by $1.2 million for the fourth quarter of 2023 compared to the same period in 2022, while noninterest expenses decreased by $2.0 million. The company's CEO and President, Dennis G. Shaffer, emphasized a strong quarter with loan growth, increased noninterest income, and decreased noninterest expenses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
Rhea-AI Summary
Civista Bancshares, Inc. (CIVB) has announced a quarterly dividend of 16 cents per common share, totaling approximately $2.5 million and representing an annualized yield of 3.74% based on the closing stock price of $17.09 on January 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
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Rhea-AI Summary
Civista Bancshares, Inc. (NASDAQ:CIVB) announced the release of its fourth quarter 2023 financial results and a conference call/webcast to discuss the results on February 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.84%
Tags
-
Rhea-AI Summary
CIVB: Civista Bancshares, Inc. Announces Retirement of Senior VP and Chief Credit Officer, Michael D. Mulford to Assume Position - SEO Terms: Civista Bancshares, Inc., NASDAQ, retirement, Chief Credit Officer, Michael D. Mulford, assets, credit experience
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
none
Rhea-AI Summary
Civista Bancshares reports unaudited financial results for Q3 2023, with net income of $10.4 million and $33.3 million for the quarter and year-to-date, respectively. Cost of deposits and total funding costs were 129 and 172 basis points, respectively. The $0.16 dividend represents an annualized yield of 4.13% and a dividend payout ratio of 24.24%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.86%
Tags
-
Rhea-AI Summary
Civista Bancshares approves quarterly dividend of 16 cents per share, representing a payout of $2.5 million and an annualized yield of 4.23% based on the closing stock price of $15.14 on October 24, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.86%
Tags
dividends
-
Rhea-AI Summary
Civista Bancshares to release Q3 2023 financial results and host conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.36%
Tags
Civista Bancshares Inc

Nasdaq:CIVB

CIVB Rankings

CIVB Stock Data

224.95M
15.02M
3.77%
54.13%
0.74%
Commercial Banking
Finance and Insurance
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US
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