belterz/E+ via Getty Images Earnings of Civista Bancshares, Inc. (NASDAQ:CIVB) will most likely dip this year before recovering next year on the back of a recovery in the net interest margin. The bottom line will also receive support from healthy loan growth. Overall, I'm expecting the company to report earnings of $1.76 per share for 2024, down 36% year-overyear, and $1.86 per share for 2025, up 6% year-over-year. The year-end target price suggests a high price upside from the current market price. Additio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended - June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | |----------------------------------------------------------------------------------------------|-----------------------------------------------------| ...

Civista Bancshares, Inc. (NASDAQ:CIVB) Q2 2024 Earnings Conference Call July 29, 2024 1:00 PM ET Company Participants Dennis Shaffer - President and Chief Executive Officer Richard Dutton - Senior Vice President and Chief Operating Officer Charles Parcher - Senior Vice President and Chief Lending Officer Michael Mulford - Senior Vice President and Chief Credit Officer Ian Whinnem - Interim Principal Accounting Officer, Senior VP and CFO Conference Call Participants Justin Crowley - Piper Sandler Brendan Nos ...

This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this bank holding company would post earnings of $0.47 per share when it actually produced earnings of $0.41, delivering a surprise of -12.77%. Civista Bancshares, which belongs to the Zacks Banks - Midwest industry, posted revenues of $38.29 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.71%. This compares to year-ago revenues of $40.49 million. The company has topped ...

Noninterest income | --- | --- | --- | --- | --- | |--------------------------------------------------------------|-------------|-------------------------|---------------------------------|-------------| | (unaudited - dollars in thousands) | 2024 | Three months \n2023 | ended June 30, \n$ change | % change | | Service charges | $ 1,488 | $1,831 | $ (343) | -18.7% | | Net gain/(loss) on equity securities | 74 | (170) | 244 | 143.5% | | Net gain on sale of loans ATM/Interchange fees | 888 1,416 | 615 1,450 | ...

SANDUSKY, Ohio, July 29, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") announced its unaudited financial results for the three- and six-month periods ended June 30, 2024. Earnings per diluted share (EPS) for the quarter were $0.45, higher by $0.04, or 10%, than the prior quarter, and lower by $0.19, or 30%, from the year-ago quarter. Net income of $7.1 million increased $0.7 million, or 11%, from the prior quarter and decreased $3.0 million, or 30%, compared to $10.0 million for t ...

SANDUSKY, Ohio, July 26, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 16 cents per common share to shareholders of record August 6, 2024, payable August 20, 2024. Civista Bancshares, Inc., is a $3.9 billion financial holding company headquartered in Sandusky, Ohio. Its primary subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, and wealth mana ...

Mr. Michel completes a 39-year career with Civista, having joined the Company in 1985 as a seasonal teller while attending Bowling Green State University. Upon receiving his Bachelor of Science degree in business in 1988, he joined the Company's accounting department. He was promoted to Vice President and Controller in 1998 and Senior Vice President in 2000. SOURCE Civista Bancshares, Inc. SANDUSKY, Ohio, July 16, 2024 /PRNewswire/ -- Civista Bancshares, Inc. ("Civista") (NASDAQ: CIVB) announced today that ...

Shares of Civista Bancshares rallied for the sixth straight trading session. Encouraging inflation numbers and a rising unemployment rate are giving confidence to the Federal Reserve that prices will eventually come down toward the 2% target. So, market participants are predicting interest rate cuts as early as during the September FOMC meeting. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings esti ...

Liquidity ITEM 3. Quantitative and Qualitative Disclosures About Market Risk Several techniques may be used by an institution to minimize interest-rate risk. One approach used by the Company is to periodically analyze its assets and liabilities and make future financing and investment decisions based on payment streams, interest rates, contractual maturities, and estimated sensitivity to actual or potential changes in market interest rates. Such activities fall under the broad definition of asset/liability ...