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) 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.