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Civista Bancshares, Inc.

Civista Bancshares, Inc.

NASDAQ•CIVB
CEO: Mr. Dennis G. Shaffer
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1994-04-06
Civista Bancshares, Inc. operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit. The company also holds and manages securities portfolio; leases general equipment; and provides captive insurance products. It operates in North Central, West Central, South Western Ohio, South Eastern Indiana, and Northern Kentucky. The company was formerly known as First Citizens Banc Corp and changed its name to Civista Bancshares, Inc. in May 2015. Civista Bancshares, Inc. was founded in 1884 and is headquartered in Sandusky, Ohio.
Contact Information
100 East Water Street, PO Box 5016, Sandusky, OH, 44870-2514, United States
419-625-4121
www.civb.com
Market Cap
$442.65M
P/E (TTM)
8.7
15.5
Dividend Yield
3.0%
52W High
$25.59
52W Low
$17.47
52W Range
67%
Rank40Top 42.0%
4.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$63.80M+3.22%
4-Quarter Trend

EPS

$0.68+28.30%
4-Quarter Trend

FCF

$18.41M+43.72%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Significantly Increased Nine-month net income reached $33.943M, a substantial increase from $21.790M reported for the same period in 2024.
NIM Expansion Noticed Tax-equivalent Net Interest Margin improved to 3.58% for the nine months ended September 30, 2025, up from 3.16% previously.
Asset Quality Shows Improvement Nonaccrual loans decreased to $22.680M by September 30, 2025, resulting in an improved non-performing asset ratio below 1%.
Capital Raise Supports Balance Sheet Completed common stock offering yielding $75.7M net proceeds, primarily utilized to pay down short-term FHLB advances.

Risk Factors

Lower Credit Loss Provision Provision for credit losses YTD was $2.797M, significantly lower than $5.188M in 2024, due to specific reserve reduction after large paydown.
Leasing Revenue Declining Lease revenue and residual income dropped 42.9% for nine months 2025 due to curtailing originations during the CLF core system conversion.
Pending Merger Integration Risk Risks remain regarding successful integration of Farmers Savings Bank, expected to close in November 2025, adding two branches.
Interest Rate Sensitivity Exposure The balance sheet structure exposes NIM to variability, as changes in market interest rates affect asset yields and funding costs.

Outlook

Farmers Merger Closing Expected The acquisition of Farmers Savings Bank is expected to close in November 2025, adding two branches in Northeast Ohio.
Strong Capital Adequacy Maintained All capital ratios remain strong, with Total Risk-Based Capital at 17.8% and CET1 Capital at 13.3% as of September 30, 2025.
Strategic Capital Deployment Net proceeds from the recent equity raise are earmarked for general corporate purposes, including future organic growth and strategic transactions.
Core System Conversion Complete The CLF core system conversion was finalized in Q2 2025, which management expects will lead to future operational efficiencies.

Peer Comparison

Revenue (TTM)

First Business Financial Services, Inc.FBIZ
$277.15M
+8.2%
Kearny Financial Corp.KRNY
$270.00M
-22.7%
Civista Bancshares, Inc.CIVB
$248.57M
+3.4%

Gross Margin (Latest Quarter)

Community West BancsharesCWBC
103.2%
+34.6pp
Red River Bancshares, Inc.RRBI
72.2%
+4.0pp
ChoiceOne Financial Services, Inc.COFS
72.0%
+4.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
RRBI$522.22M12.612.1%0.1%
KRNY$490.09M16.63.9%15.8%
BSRR$472.43M12.011.2%10.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.2%
Moderate Growth
4Q Net Income CAGR
8.9%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 29, 2026
|
EPS:$0.61
|
Revenue:$45.53M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $63.80M+3.2%
    |
    EPS: $0.68+28.3%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $62.18M+2.8%
    |
    EPS: $0.71+57.8%
    Meet

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $61.01M+5.6%
    |
    EPS: $0.66+61.0%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 10, 2025|
    Revenue: $241.90M+11.2%
    |
    EPS: $2.01-26.4%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $61.81M+14.2%
    |
    EPS: $0.53-19.7%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $60.50M+13.9%
    |
    EPS: $0.45-29.7%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $57.76M+8.1%
    |
    EPS: $0.41-50.0%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 14, 2024|
    Revenue: $217.48M+42.2%
    |
    EPS: $2.73+5.0%
    Beat