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 (CIVB) has signed a definitive merger agreement to acquire Comunibanc Corp. (CBCZ) for approximately $50.2 million. The acquisition will add 7 branches and $276 million in deposits, enhancing Civista's presence in Northwest Ohio, a growing market. As of September 30, 2021, the combined entity will have total assets of around $3.3 billion and total deposits of approximately $2.7 billion. The merger is expected to be accretive to Civista's earnings per share in 2023 and will maintain strong capital ratios post-closing.
Civista Bancshares, Inc. (NASDAQ: CIVB), based in Sandusky, Ohio, has successfully completed a private placement of $75 million in 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031. The initial interest rate of 3.25% will apply until December 1, 2026, after which it will transition to a floating rate based on the three-month SOFR plus 219 basis points. These notes qualify as Tier 2 capital for regulatory purposes. Proceeds will support general corporate needs, including growth and potential acquisitions. The notes are non-redeemable by holders and were facilitated by several placement agents.
Civista Bancshares, Inc. (CIVB) reported strong financial results for Q3 and the nine months ending September 30, 2021. Net income rose to $9.6 million ($0.64 per share) in Q3, up from $7.7 million ($0.48 per share) in 2020. Year-to-date net income reached $29.6 million ($1.90 per share), compared to $22.0 million ($1.36 per share) last year. The bank saw a decrease in COVID-19 loan deferrals to 0.9% of total loans and an increase in net interest income by 11%. A quarterly dividend of $0.14 was declared, yielding 2.41% based on the market close. Total assets grew to $2.95 billion.
Civista Bancshares, Inc. (NASDAQ:CIVB) has announced a quarterly dividend of 14 cents per common share, with shareholders on record as of October 19, 2021. This dividend will be payable on November 1, 2021, amounting to approximately $2.1 million. Based on the closing stock price of $24.89 on October 6, 2021, the annualized yield from this dividend is 2.25%.
Civista Bancshares operates as a financial holding company with a total asset value of $2.9 billion, providing banking services across several regions.
Civista Bancshares, Inc. (NASDAQ: CIVB) announced that it will release its third quarter 2021 financial results on October 27, 2021, prior to market open. Following the release, the company will hold a conference call and webcast at 1:00 p.m. Eastern Time for analysts and investors to discuss the results. Civista, a $2.9 billion financial holding company, operates 35 banking locations across Ohio, Indiana, and Kentucky. The information will be available for replay on their website after the call.
Civista Bancshares (NASDAQ:CIVB) has announced a new share repurchase program, authorizing the buyback of up to $13.5 million in common shares. This replaces a prior program that nearly utilized its $12.8 million limit. The program aims to enhance shareholder value, though the timing and amount of repurchases will depend on various factors, including stock performance and market conditions. The initiative will run until August 10, 2022.
Civista Bancshares reported robust financial results for Q2 2021, netting $9.2 million or $0.59 per diluted share, up from $6.5 million or $0.41 a year earlier. Year-to-date net income reached $19.9 million, or $1.27 per diluted share, compared to $14.3 million, or $0.88 in 2020. A balance sheet restructuring included prepaying a $50 million FHLB advance, incurring a $3.7 million penalty. The bank's COVID-19 loan deferrals significantly fell to 2.5%. A quarterly dividend of $0.12 was declared, reflecting a 2.17% yield and 17% increase for Q3.
Civista Bancshares, Inc. (CIVB) has declared a quarterly dividend of 14 cents per share, set for shareholders of record on July 20, 2021, and payable on August 2, 2021. This payout totals approximately $2.1 million and represents an annualized yield of 2.55% based on the closing stock price of $21.92 on July 7, 2021. Civista is a financial holding company with assets of $3.1 billion, operating 37 banking locations across Ohio and Indiana.
Civista Bancshares, Inc. (NASDAQ:CIVB) is set to release its second quarter 2021 financial results on July 23, 2021, before the market opens. Following the announcement, a conference call will take place at 1:00 p.m. ET the same day, allowing analysts to engage in a Q&A session. Civista Bancshares operates with assets totaling $3.1 billion and has a banking subsidiary, Civista Bank, with 37 locations across Ohio, Indiana, and Kentucky. The company emphasizes forward-looking statements about its financial performance and operating strategies.
Civista Bancshares, Inc. (NASDAQ:CIVB) announced three strategic transactions on May 17-19, 2021. The company sold 7,361 shares of Visa Inc. Class B stock for a pre-tax gain of $1.8 million. Additionally, it prepaid $50 million in Federal Home Loan Bank advances, incurring a $3.7 million loss but saving $1 million in annual interest expenses. The net result of these actions is a pre-tax loss of $1.9 million, but it is expected to enhance earnings per share by $0.12 annually and improve the net interest margin by a total of 29 basis points.
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