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 community-focused financial holding company operating through Civista Bank, providing commercial lending, wealth management, and banking services across Ohio and neighboring regions. This news hub offers investors and stakeholders centralized access to official announcements and market-moving updates.
Track critical developments including quarterly earnings reports, regulatory filings, and strategic initiatives shaping Civista's position in regional banking. Our curated feed includes updates on loan portfolio performance, deposit growth strategies, and leadership changes affecting the company's operations.
Key content categories cover financial results, merger & acquisition activity, dividend declarations, and technology investments in digital banking infrastructure. Stay informed about Civista's responses to interest rate changes, credit market conditions, and competitive pressures in the Midwest banking sector.
Bookmark this page for real-time updates on Civista's community development projects, regulatory compliance milestones, and innovations in equipment leasing services. Verify time-sensitive decisions using original source materials from corporate releases and SEC disclosures.
Civista Bancshares (NASDAQ:CIVB) reported strong Q1 2025 financial results with net income of $10.2 million, or $0.66 per share, marking a 59% increase from Q1 2024's $6.4 million. The company demonstrated improved performance with:
- Net interest margin of 3.51%, up from 3.22% in Q1 2024
- Net interest income of $32.8 million, a 15.5% increase year-over-year
- Total deposits growth of $27.0 million from Q4 2024
- Loan balance increase of $22.8 million
- Return on Assets of 1.00%, up from 0.66%
- Return on Equity of 10.39%, up from 6.89%
Credit quality remained strong with an allowance for credit losses to loans ratio of 1.30%. The efficiency ratio improved to 64.9% from 72.3% in Q1 2024, reflecting better operational performance. The company maintained its quarterly dividend at $0.17 per share, representing a 3.48% annualized yield.
Civista Bancshares (NASDAQ: CIVB) has announced its second quarter dividend declaration of 17 cents per common share, maintaining the same level as the previous quarter. The dividend will be payable on May 13, 2025, to shareholders of record as of April 29, 2025, representing a total payout of approximately $2.7 million.
Based on Civista's closing stock price of $19.54 on March 31, 2025, this quarterly dividend yields an annualized return of 3.38%. The company, headquartered in Sandusky, Ohio, operates as a $4.1 billion financial holding company with 42 locations across Ohio, Southeastern Indiana, and Northern Kentucky through its primary subsidiary, Civista Bank, which was established in 1884.
Civista Bancshares (NASDAQ: CIVB) has scheduled its first quarter 2025 financial results announcement for Thursday, April 24, 2025, before market open. The company will host a conference call and webcast at 1:00 p.m. Eastern Time on the same day to discuss the results.
Civista is a $4.1 billion financial holding company headquartered in Sandusky, Ohio. Its main subsidiary, Civista Bank, founded in 1884, operates 42 locations across Ohio, Southeastern Indiana, and Northern Kentucky. The bank provides full-service banking, commercial lending, mortgage, and wealth management services. Additionally, through its Civista Leasing and Finance Division based in Pittsburgh, Pennsylvania, the company offers commercial equipment leasing services nationwide.
Civista Bancshares (NASDAQ:CIVB) reported Q4 2024 net income of $9.9 million ($0.63 per diluted share), up from $9.7 million ($0.62 per share) in Q4 2023. Full-year 2024 net income was $31.7 million ($2.01 per share), down from $43.0 million ($2.73 per share) in 2023.
Key Q4 highlights include net interest margin of 3.36%, cost of deposits at 220 basis points, and a quarterly dividend yield of 3.04%. The company successfully replaced $5.2 million in non-interest income despite reductions in overdraft fees, tax refund processing, and MasterCard renewal fees.
Credit quality remained solid with allowance to total loans ratio at 1.29%. The efficiency ratio increased to 68.3% in Q4 2024 from 63.3% in Q4 2023, primarily due to an 11.8% increase in noninterest expenses. The company maintained strong loan growth and deposit relationships while implementing strategic pricing initiatives.
Civista Bancshares (NASDAQ: CIVB) has announced that Charles A. Parcher will assume the role of Executive Vice President & Chief Lending Officer of Civista Bancshares and President & Chief Lending Officer of Civista Bank. Dennis G. Shaffer will continue as CEO & President of Civista Bancshares and CEO of Civista Bank.
Parcher, who joined Civista in 2016, brings over 36 years of banking experience, having previously held positions as Market President at FirstMerit, Executive Vice President at Sky Bank, and Senior Vice President at Huntington Bank. He holds an MBA from the University of Toledo and a bachelor's degree in finance and economics from Miami University.
Civista Bancshares is a $4.1 billion financial holding company headquartered in Sandusky, Ohio. Its subsidiary, Civista Bank, founded in 1884, operates 42 locations across Ohio, Southeastern Indiana, and Northern Kentucky, offering full-service banking, commercial lending, mortgage, and wealth management services.
Civista Bancshares (NASDAQ:CIVB) has announced a quarterly dividend increase of 1 cent to 17 cents per common share. The dividend will be payable on February 18, 2025, to shareholders of record as of February 4, 2025, representing a total payout of approximately $2.7 million. Based on the closing stock price of $21.30 on January 21, 2025, this dividend yields an annualized 3.19%.
Civista Bancshares is a $4.1 billion financial holding company headquartered in Sandusky, Ohio. Its main subsidiary, Civista Bank, founded in 1884, operates 42 locations across Ohio, Southeastern Indiana, and Northern Kentucky, offering full-service banking, commercial lending, mortgage, and wealth management services. The company's Civista Leasing & Finance division provides commercial equipment leasing services nationwide.
Civista Bancshares (NASDAQ:CIVB) has announced it will release its fourth quarter 2024 financial results before market open on Thursday, January 30, 2025. The company will host a conference call and webcast at 1:00 p.m. Eastern Time on the same day to discuss the results.
Civista Bancshares is a $4.1 billion financial holding company headquartered in Sandusky, Ohio. Its main subsidiary, Civista Bank, operates 42 locations across Ohio, Southeastern Indiana, and Northern Kentucky. The bank provides full-service banking, commercial lending, mortgage, and wealth management services. Additionally, through its Civista Leasing and Finance Division, the company offers commercial equipment leasing services nationwide.
Civista Bancshares (NASDAQ: CIVB) reported Q3 2024 net income of $8.4 million, or $0.53 per diluted share, compared to $10.4 million, or $0.66 per share in Q3 2023. Net interest income increased $1.5 million (5.3%) from Q2 2024 but decreased $2.3 million year-over-year. The company increased deposits by $246 million and reduced wholesale borrowings by $213 million. Net interest margin decreased to 3.16% from 3.69% year-over-year. The efficiency ratio was 70.2% compared to 65.6% in Q3 2023.
Civista Bancshares (NASDAQ: CIVB) has declared a quarterly dividend of 16 cents per common share, payable November 19, 2024, to shareholders of record November 5, 2024. The dividend totals approximately $2.5 million and represents an annualized yield of 3.59% based on the October 25, 2024 closing price of $17.84. Civista is a $4.0 billion financial holding company operating 43 locations across Ohio, Southeastern Indiana and Northern Kentucky, offering banking, commercial lending, mortgage, and wealth management services.
Civista Bancshares, Inc. (NASDAQ: CIVB) has announced it will release its third quarter 2024 financial results before the market opens on Tuesday, October 29, 2024. The company will host a conference call and webcast at 1:00 p.m. Eastern Time on the same day to discuss the results. Analysts can participate in the Q&A session.
Conference call details:
- Date: Tuesday, October 29, 2024
- Time: 1:00 p.m. Eastern Time
- Telephone Access: (800) 836-8184 (ask to join Civista Bancshares earnings call)
- Webcast: Available on the company's website
Civista Bancshares is a $4.0 billion financial holding company based in Sandusky, Ohio. Its main subsidiary, Civista Bank, offers full-service banking, commercial lending, mortgage, and wealth management services across Ohio, Southeastern Indiana, and Northern Kentucky through 43 locations.
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