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 ...

Civista Bancshares, Inc. (NASDAQ:CIVB) Q1 2024 Earnings Conference Call April 30, 2024 1:00 PM ET Company Participants Dennis Shaffer - President and Chief Executive Officer Rich Dutton - Senior Vice President and Chief Operating Officer Chuck Parcher - Senior Vice President and Chief Lending Officer Conference Call Participants Nick Cucharale - Hovde Group Terry McEvoy - Stephens Manuel Navas - D.A. Davidson Daniel Cardenas - Janney Montgomery Scott Operator Ladies and gentlemen, before we begin, I would l ...

Civista Bancshares (CIVB) reported $36.88 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 15.6%. EPS of $0.41 for the same period compares to $0.82 a year ago.The reported revenue represents a surprise of -2.98% over the Zacks Consensus Estimate of $38.01 million. With the consensus EPS estimate being $0.47, the EPS surprise was -12.77%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

SANDUSKY, Ohio, April 30, 2024 /PRNewswire/ -- Civista Bancshares, Inc. ("Civista") (NASDAQ: CIVB) announced today that Ian Whinnem will join the Company as Senior Vice President, Chief Financial Officer effective June 3, 2024. He will be a member of Civista's Executive Leadership Team reporting to President and Chief Executive Officer, Dennis G. Shaffer. Mr. Whinnem joins Civista with over 25 years of corporate finance management in banking, including the past seven years as Senior Vice President, Director ...

Exhibit 99.1 Civista Bancshares, Inc. Announces First Quarter 2024 Financial Results Sandusky, Ohio, April 30, 2024 /PRNewswire/– Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced its unaudited financial results for the three months ending March 31, 2024. First quarter highlights "Although I was disappointed in our first quarter results, we knew there would be head winds as we exited the third-party payment tax refund business, and that we would not have the benefit of the $1.5 million one-time b ...