SANDUSKY, Ohio, Oct. 25, 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 November 5, 2024, payable November 19, 2024.This dividend represents a payout of approximately $2.5 million. Based on the Civista's closing stock price of common shares of $17.84 on October 25, 2024, the quarterly dividend produces an annualized yield of 3.59%.About Civista Bancsh ...

SANDUSKY, Ohio, Oct. 2, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") announced today that it will issue its third quarter 2024 financial results prior to market open on Tuesday, October 29, 2024. Civista Bancshares, Inc. will also host a conference call and webcast at 1:00 p.m. Eastern Time on Tuesday, October 29, 2024, to discuss its financial results. Analysts may participate in the question-and-answer session. Conference Call, Replay and Webcast Information: Date: Tuesday, Oct ...

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 ...

Company Performance - Civista Bancshares reported quarterly earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.40 per share, but down from $0.64 per share a year ago [14] - The company posted revenues of $38.29 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.71%, but down from $40.49 million year-over-year [2] - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $37.8 million, and for the current fiscal year, it is $1.78 on revenues of $149.54 million [11] Market Comparison - Civista Bancshares shares have increased approximately 2.9% since the beginning of the year, compared to a 14.5% gain in the S&P 500 [3] - The Zacks Industry Rank for Banks - Midwest, which includes Civista Bancshares, is currently in the top 34% of over 250 Zacks industries, indicating a favorable industry outlook [15] Earnings Outlook - The estimate revisions trend for Civista Bancshares is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [5] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [9][10]

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 ...