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. (NASDAQ: CIVB) is a financial holding company headquartered in Sandusky, Ohio, with operations centered on community banking through its subsidiary Civista Bank. The Civista Bancshares news feed on Stock Titan aggregates company-issued press releases and market-moving updates so readers can follow how this regional commercial banking organization is evolving over time.
According to company disclosures, Civista regularly reports its quarterly and year-to-date financial results, highlighting metrics such as net income, diluted earnings per common share, net interest margin, cost of funds, efficiency ratio, and loan and deposit trends. These earnings announcements are often accompanied by management commentary explaining performance drivers, non-recurring items, and developments in areas like commercial real estate, residential real estate, construction lending, and equipment leasing.
News coverage for CIVB also includes dividend declarations approved by the Board of Directors, detailing quarterly cash dividends on common shares and related record and payment dates. Investors can track how Civista balances earnings, capital, and shareholder distributions through these recurring announcements.
Another key category of Civista news involves strategic transactions and expansion. Recent press releases describe the signing, regulatory approval, and completion of the merger of The Farmers Savings Bank with and into Civista Bank, adding branches and deposits in Northeast Ohio. Updates on system conversions and the Civista Leasing and Finance Division also appear in the company’s communications.
Capital markets activity and corporate governance items, such as public offerings of common stock, exercise of underwriters’ overallotment options, and amendments to corporate regulations, are reported through press releases and referenced in SEC filings. Leadership changes, including appointments to senior roles in lending and executive management, round out the types of announcements investors can follow.
By reviewing Civista Bancshares news on this page, users can monitor financial performance updates, dividend actions, merger milestones, capital raises, and organizational developments that shape the CIVB investment story over time.
Civista Bancshares, Inc. (NASDAQ:CIVB) announced a quarterly dividend of 14 cents per common share, payable on May 25, 2022, to shareholders of record as of May 10, 2022. This dividend totals approximately $2.0 million and corresponds to an annualized yield of 2.53%, based on the closing stock price of $22.16 on April 27, 2022. Civista is a $3.2 billion financial holding company with operations in Northern, Central, and Southwestern Ohio, Southeastern Indiana, and Northern Kentucky.
Civista Bancshares, Inc. (NASDAQ:CIVB) announced the completion of its registered exchange offer for $75 million of 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031. The exchange offer, which expired on April 28, 2022, saw 100% of the Original Notes validly tendered and accepted for exchange. The purpose of the exchange was to fulfill an obligation under a registration rights agreement and does not represent new financing. Settlement is expected around May 4, 2022.
Civista Bancshares, Inc. reported a net income of $8.5 million for Q1 2022, down from $10.8 million in Q1 2021. The diluted EPS is $0.57, a decrease from $0.68 a year prior. Net interest income fell by $896,000 (3.8%), attributed to reduced interest income from PPP loans. Noninterest income also decreased by 16.8% to $7.6 million. Notably, the efficiency ratio increased to 65.2% from 57.4% year-over-year. Civista is advancing in its acquisition of Comunibanc Corp., with plans to close in Q3 2022.
Civista Bancshares (NASDAQ:CIVB) announced the extension of its exchange offer for $75 million of its 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031. The offer, initially set to expire on April 26, 2022, will now conclude on April 28, 2022. As of the previous expiration date, approximately $72.5 million of the outstanding notes had been tendered, representing 96.7% of the total. The exchange offer is governed by a prospectus dated March 8, 2022, and aims to enhance the liquidity of the notes issued in a private placement.
Civista Bancshares, Inc. (NASDAQ:CIVB) has extended its exchange offer for its $75 million of 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031, initially set to expire on April 21, 2022. The new deadline is now April 26, 2022. As of the last deadline, approximately $71.5 million, or 95.3%, of the outstanding notes had been tendered for exchange. All other terms remain unchanged. The exchange offer is governed by the prospectus dated March 8, 2022, which was filed with the SEC.
Civista Bancshares, Inc. (NASDAQ: CIVB) has announced the extension of its registered exchange offer for $75,000,000 of 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031, originally issued on November 30, 2021. The new expiration date for the exchange offer is April 21, 2022, with approximately 91% of the outstanding notes valued at $68,250,000 already tendered for exchange as of April 14, 2022. The exchange offer terms remain the same, and assistance can be obtained from the exchange agent, UMB Bank, N.A.
Civista Bancshares, Inc. (NASDAQ:CIVB) will release its first quarter 2022 financial results before the market opens on April 28, 2022. A conference call and webcast will follow on the same day at 1:00 p.m. ET to discuss the results. Civista, a $3.0 billion financial holding company based in Sandusky, Ohio, operates 35 locations across Ohio, Indiana, and Kentucky. The company's shares are traded under the symbol CIVB.
Civista Bancshares, Inc. (NASDAQ:CIVB) announced a quarterly dividend of 14 cents per common share, payable on March 1, 2022 to shareholders of record on February 15, 2022. This dividend amounts to approximately $2.1 million and provides an annualized yield of 2.35% based on the closing stock price of $23.80 on February 2, 2022. Civista, a $3.0 billion financial holding company, operates across Ohio, Indiana, and Kentucky, with its banking subsidiary, Civista Bank, managing 35 locations.
Civista Bancshares (CIVB) reported a net income of $11.0 million, or $0.73 per diluted share for Q4 2021, up from $10.2 million or $0.64 per diluted share in Q4 2020. Year-to-date, net income increased to $40.5 million, or $2.63 per diluted share. COVID-19 loan deferrals dropped to 0.26% of total loans. The company initiated a $100 million investment securities redeployment and raised $75 million through a subordinated debt issuance. A merger with Comunibanc Corp. was also announced, aimed at expanding its presence in Northwest Ohio.
Civista Bancshares, Inc. (NASDAQ:CIVB) announced that it will release its fourth quarter 2021 financial results on February 4, 2022, prior to market opening. A conference call will be held the same day at 1:00 p.m. ET for a discussion of the results, with analysts invited to participate in a Q&A session. Civista is a $3.0 billion financial holding company based in Sandusky, Ohio, operating 35 locations across Ohio, Indiana, and Kentucky. The company may issue forward-looking statements regarding its financial performance and strategies.
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