Welcome to our dedicated page for Civista Bancshar news (Ticker: CIVB), a resource for investors and traders seeking the latest updates and insights on Civista Bancshar stock.
Civista Bancshares, Inc. reports news centered on community banking, balance-sheet performance, dividends and corporate governance for its NASDAQ-listed common stock. The financial holding company operates through Civista Bank, which provides full-service banking, commercial lending, mortgage and wealth management services across Ohio, Southeastern Indiana and Northern Kentucky.
Recurring updates include quarterly earnings releases, net interest income and margin trends, loan and deposit mix, brokered deposits, FHLB advances, and common dividend declarations. Company news also covers the completed Farmers Savings Bank merger into Civista Bank, integration of acquired branches and customers, Civista Leasing & Finance commercial equipment leasing activity, investor presentations, and changes in board or officer roles.
Civista Bancshares, Inc. (NASDAQ: CIVB) will release its 2020 financial results on February 5, 2021, before market open. A conference call is scheduled for 1:00 p.m. ET on the same day to discuss these results. Interested analysts can engage in a Q&A session following the presentation. Civista, with assets of $2.8 billion, operates 37 branches across regions in Ohio, Indiana, and Kentucky. The company emphasizes a forward-looking approach regarding its financial performance and business strategies.
Civista Bancshares (CIVB) reported Q3 2020 net income of $7.7 million ($0.48/share), up from $7.5 million ($0.46/share) in Q3 2019. For the nine-months ending September 30, 2020, net income was $22.0 million ($1.36/share), down from $25.5 million ($1.54/share) in 2019. Net interest income rose 7.8% to $22.0 million, while net interest margin fell to 3.44%. Noninterest income increased by 25.0% to $6.8 million. Total assets grew 22.0% to $2.83 billion, driven by a significant increase in loans, particularly from the Paycheck Protection Program, and total deposits rose 23.2%.
Civista Bancshares, Inc. (CIVB) announced that it will release its third quarter 2020 financial results on October 23, 2020, before market open. A conference call will be held at 1:00 p.m. ET on the same day to discuss the results, allowing analysts to engage in a Q&A session. Civista, a $2.8 billion financial holding company based in Sandusky, Ohio, operates 37 banking locations across several states. The company trades on the NASDAQ under the symbol CIVB.
Civista Bancshares, Inc. (NASDAQ:CIVB) reported a net income of $6.5 million, or $0.41 per diluted share for Q2 2020, down from $8.5 million, or $0.51 per share a year ago. For the first half of 2020, net income was $14.3 million compared to $18.0 million in 2019. The bank's provision for loan losses rose to $3.5 million amid economic uncertainties from COVID-19. Total assets increased by 21.8% to $2.8 billion, driven by an 18.4% rise in the loan portfolio. Noninterest income grew by 34.3%, primarily from increased gains on loan sales.
Civista Bancshares, Inc. (NASDAQ: CIVB) announced it will release its second quarter 2020 financial results before the market opens on July 24, 2020. A conference call will follow at 1:00 p.m. Eastern Time that same day, allowing analysts to participate in a Q&A session. Civista, a financial holding company with assets of $2.6 billion, operates 37 locations across Ohio, Indiana, and Kentucky. Investors are advised to access the live webcast or call in for further details regarding financial performance and business strategies.