Civista Bancshares(US:CIVB) Prnewswire·2026-01-29 12:55Core Viewpoint Civista Bancshares, Inc. reported strong financial results for the fourth quarter and full year of 2025, highlighting significant growth in net income and earnings per share, driven by disciplined growth strategies and the successful acquisition of The Farmers Savings Bank. Financial Performance - Net income for Q4 2025 was $12.3 million, a 24% increase from $9.9 million in Q4 2024, and $46.2 million for the full year, up 46% from $31.7 million in 2024 [1][5][6] - Earnings per share for Q4 2025 were $0.61, compared to $0.63 in Q4 2024, and $2.64 for the full year, up 31% from $2.01 in 2024 [1][5][6] - The efficiency ratio improved to 57.7% in Q4 2025 from 68.3% in Q4 2024, marking the sixth consecutive quarter of improvement [5][20] Acquisition Impact - The acquisition of The Farmers Savings Bank added approximately $268.1 million in assets, $106.2 million in loans and leases, and $236.1 million in deposits [5][7] - Integration of FSB is on track, with core conversion scheduled for February 2026 [5][8] Asset and Deposit Growth - Total assets reached $4.3 billion, a 5.4% increase from Q3 2025 and a 5.8% increase from Q4 2024 [9] - Total deposits were $3.5 billion, up 7.3% from Q3 2025 and 7.9% from Q4 2024 [10] Net Interest Income and Margin - Net interest income for Q4 2025 was $36.5 million, a 16.3% increase from Q4 2024 [12][14] - Net interest margin improved to 3.69% in Q4 2025 from 3.36% in Q4 2024 [12][19] Non-Interest Income and Expenses - Non-interest income for Q4 2025 totaled $9.9 million, a 9.6% increase from the previous year [17] - Non-interest expenses for Q4 2025 were $31.0 million, a 9.6% increase, influenced by $3.4 million in non-recurring acquisition-related expenses [20][21] Credit Quality - Provision for credit losses decreased to $0.6 million in Q4 2025 from $0.7 million in Q4 2024 [16] - Non-performing assets increased to $31.3 million, a 37.3% rise from Q3 2025 [19] Capital Position - Total shareholders' equity increased to $543.5 million, up $44.4 million from Q3 2025 and $155.0 million from Q4 2024 [23] - The company raised $80.5 million through a public offering in July 2025 [24]