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 fourth quarter 2022 financial results on February 7, 2023, before the market opens. A conference call will occur at 1:00 p.m. ET on the same day for discussion and Q&A with analysts. Civista, a $3.2 billion financial services holding company based in Sandusky, Ohio, operates 43 bank locations in Ohio, Southeastern Indiana, and Northern Kentucky, offering a variety of financial services, including commercial lending and wealth management.
Civista Bancshares, Inc. (NASDAQ:CIVB) announced a quarterly dividend of 14 cents per common share, totaling approximately $2.2 million. Shareholders of record as of November 8, 2022 will receive this payment on November 22, 2022. With a closing stock price of $22.01 on October 26, 2022, this dividend yields an annualized rate of 2.54%. Civista, a $3.2 billion financial holding company, operates 43 locations across Ohio, Indiana, and Kentucky.
Civista Bancshares, Inc. (CIVB) reported a third-quarter net income of $11.1 million ($0.72 per diluted share), up from $9.6 million ($0.64 per diluted share) in Q3 2021. For the nine months ended September 30, net income was $27.3 million ($1.82 per diluted share), down from $29.6 million ($1.90 per diluted share) in the same period last year. Notably, net interest income surged 25.4% from the previous quarter, attributed to rising interest rates and earnings from the Henry County Bank acquisition. The company declared a $0.14 dividend, yielding 2.70%.
Civista Bancshares, Inc. (NASDAQ:CIVB) announced that it will release its third quarter 2022 financial results on October 27, 2022, before market open. A conference call will follow at 1:00 p.m. ET on the same day to discuss the results, with analysts invited to participate in the Q&A session. Civista, a $3.5 billion financial holding company based in Sandusky, Ohio, operates 43 banking locations across Ohio, Indiana, and Kentucky. For more details, visit www.civb.com.
Civista Bancshares, Inc. (NASDAQ: CIVB) announced a quarterly dividend of 14 cents per common share, amounting to approximately $2.2 million. Shareholders of record as of August 9, 2022 will receive the payment on August 23, 2022. This dividend results in an annualized yield of 2.50% based on a closing stock price of $22.42 on July 27, 2022. Following its merger with Comunibanc Corp., Civista will enhance its market presence, growing from a $3.0 billion to a $3.3 billion financial holding company.
Civista Bancshares reported a net income of $7.7 million ($0.53 per diluted share) for Q2 2022, down from $9.2 million ($0.59) in Q2 2021. Year-to-date net income was $16.2 million ($1.10) versus $19.9 million ($1.27) last year. The net interest margin decreased to 3.43% from 3.53%, primarily due to lower Paycheck Protection Program (PPP) fees. The merger with Comunibanc Corp. was completed on July 1, 2022, and noninterest expenses were impacted by related costs. Total assets rose to $3.1 billion, with loans increasing by 3.3%.
Civista Bancshares, Inc. (NASDAQ:CIVB) announced the appointment of Lorina Wise to its board of directors. Dennis G. Shaffer, CEO of Civista, expressed enthusiasm about Wise's broad experience and expertise contributing to the company's growth. Wise currently serves as Chief Human Resources Officer at Nationwide Children's Hospital and has a diverse background in legal and human resources roles across various organizations. This appointment aligns with Civista's ongoing expansion strategy, especially following its merger with Comunibanc Corp., projected to increase assets to approximately $3.4 billion.
Civista Bancshares, Inc. (NASDAQ: CIVB) announced the release of its second quarter 2022 financial results set for July 28, 2022, before market open. A conference call will follow at 1:00 p.m. ET the same day to discuss these results, with analysts invited to participate in a Q&A session. Civista, a $3.5 billion financial holding company based in Sandusky, Ohio, operates 43 branches across Ohio, Indiana, and Kentucky and is committed to transparency and investor communication.
Civista Bancshares, Inc. (NASDAQ: CIVB) has successfully completed its acquisition of Comunibanc Corp. and its subsidiary, The Henry County Bank, effective July 1, 2022. This transaction expands Civista's total assets to approximately $3.5 billion. Comunibanc shareholders will receive 1.1888 shares of Civista common stock plus $30.13 in cash for each share of Comunibanc stock. The merger aims to strengthen Civista's presence in Henry and Wood Counties, with a focus on enhancing customer service and fostering community ties.
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.