Civista Bancshares, Inc. Declares First Quarter Common Dividend

Rhea-AI Summary

Civista Bancshares (NASDAQ:CIVB) has announced a quarterly dividend increase of 1 cent to 17 cents per common share. The dividend will be payable on February 18, 2025, to shareholders of record as of February 4, 2025, representing a total payout of approximately $2.7 million. Based on the closing stock price of $21.30 on January 21, 2025, this dividend yields an annualized 3.19%.

Civista Bancshares is a $4.1 billion financial holding company headquartered in Sandusky, Ohio. Its main subsidiary, Civista Bank, founded in 1884, operates 42 locations across Ohio, Southeastern Indiana, and Northern Kentucky, offering full-service banking, commercial lending, mortgage, and wealth management services. The company's Civista Leasing & Finance division provides commercial equipment leasing services nationwide.

Positive

• Dividend increased by 1 cent to 17 cents per share
• Substantial total dividend payout of $2.7 million
• Attractive annualized dividend yield of 3.19%
• Strong asset base of $4.1 billion
• Broad operational presence across three states with 42 locations

Negative

• None.

News Market Reaction – CIVB

-1.13%

-1.13% Session move

In the trading session that priced this news, CIVB declined 1.13%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SANDUSKY, Ohio, Jan. 22, 2025 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 17 cents per common share, an increase of 1 cent per common share from the prior quarter, to shareholders of record February 4, 2025, payable February 18, 2025.

This dividend represents a payout of approximately $2.7 million. Based on the Civista's closing stock price of common shares of $21.30 on January 21, 2025, the quarterly dividend produces an annualized yield of 3.19%.

About Civista Bancshares, Inc.:
Civista Bancshares, Inc., is a $4.1 billion financial holding company headquartered in Sandusky, Ohio. Its primary subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, and wealth management services. Today, Civista Bank operates 42 locations across Ohio, Southeastern Indiana and Northern Kentucky. Civista Leasing & Finance, a division of Civista Bank, offers commercial equipment leasing services for businesses nationwide. Civista Bancshares' common shares are traded on the NASDAQ Capital Market under the symbol "CIVB". Learn more at www.civb.com.

This press release may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Civista. For these statements, Civista claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this press release should be considered in conjunction with the other information available about Civista, including the information in the filings we make with the Securities and Exchange Commission.

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SOURCE Civista Bancshares, Inc.

FAQ

What is Civista Bancshares' (CIVB) new quarterly dividend amount for Q1 2025?

Civista Bancshares' new quarterly dividend is 17 cents per common share, representing a 1 cent increase from the previous quarter.

When will CIVB's Q1 2025 dividend be paid?

The dividend will be paid on February 18, 2025, to shareholders of record as of February 4, 2025.

What is the current dividend yield for Civista Bancshares (CIVB)?

Based on the closing stock price of $21.30 on January 21, 2025, CIVB's quarterly dividend produces an annualized yield of 3.19%.

How much is CIVB's total dividend payout for Q1 2025?

The total dividend payout for Q1 2025 is approximately $2.7 million.

How many locations does Civista Bank (CIVB) currently operate?

Civista Bank operates 42 locations across Ohio, Southeastern Indiana, and Northern Kentucky.