Civista Bancshares (NASDAQ:CIVB) Posts Earnings Results, Beats Estimates By $0.18 EPS

24 Apr 2026, 14:56 by Tristan Rich · The Markets Daily

Civista Bancshares (NASDAQ:CIVB – Get Free Report) issued its earnings results on Wednesday. The bank reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.18, FiscalAI reports. Civista Bancshares had a net margin of 19.73% and a return on equity of 11.09%. The business had revenue of $47.25 million for the quarter, compared to the consensus estimate of $45.64 million.

Here are the key takeaways from Civista Bancshares’ conference call:

Q1 net income was $15.0M ($0.72/share), up 47% YoY and 22% linked-quarter, while pre-provision net revenue rose 29% YoY and NIM expanded 16 bps to 3.85%.
Core deposits grew organically by over $60M and brokered deposits were cut by $25M, helping cost of funds fall to 1.96% and cost of deposits to 1.81%.
Lending teams originated $214M of new loans but faced $83M of payoffs and normal principal paydown, leaving total loans down this quarter even as management expects mid-single-digit loan growth and reports pipelines up materially.
Management announced a quarterly dividend of $0.18 (annualized yield 3.16%) and renewed a $25M common share repurchase authorization, reflecting strong capital generation.
Credit quality remained solid with a $0.768M credit to provision, $0.716M net charge-offs, an allowance-to-loans ratio of 1.26% and allowance-to-NPLs of 135%, and management sees no material regional deterioration.

Civista Bancshares Stock Up 0.6%

Shares of Civista Bancshares stock traded up $0.14 during trading hours on Friday, hitting $24.67. 15,679 shares of the company’s stock traded hands, compared to its average volume of 93,028. The stock has a 50 day simple moving average of $23.29 and a 200-day simple moving average of $22.82. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52. The company has a market cap of $608.46 million, a PE ratio of 9.07 and a beta of 0.64. Civista Bancshares has a twelve month low of $18.94 and a twelve month high of $25.59.

Civista Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, May 5th. This represents a $0.72 annualized dividend and a dividend yield of 2.9%. Civista Bancshares’s dividend payout ratio (DPR) is currently 27.07%.

Institutional Trading of Civista Bancshares

Several large investors have recently modified their holdings of CIVB. Wellington Management Group LLP grew its stake in shares of Civista Bancshares by 1,092.1% during the third quarter. Wellington Management Group LLP now owns 1,474,065 shares of the bank’s stock valued at $29,938,000 after acquiring an additional 1,350,409 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Civista Bancshares by 2,904.8% in the third quarter. Alliancebernstein L.P. now owns 355,472 shares of the bank’s stock valued at $7,220,000 after buying an additional 343,642 shares during the last quarter. Vanguard Group Inc. increased its holdings in Civista Bancshares by 19.4% in the third quarter. Vanguard Group Inc. now owns 1,021,787 shares of the bank’s stock valued at $20,752,000 after buying an additional 166,049 shares during the last quarter. UBS Group AG increased its holdings in Civista Bancshares by 126.9% in the third quarter. UBS Group AG now owns 210,739 shares of the bank’s stock valued at $4,280,000 after buying an additional 117,855 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in Civista Bancshares by 503.3% in the third quarter. Two Sigma Investments LP now owns 100,015 shares of the bank’s stock valued at $2,031,000 after buying an additional 83,438 shares during the last quarter. 52.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on CIVB. Zacks Research raised Civista Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. DA Davidson reissued a “buy” rating and issued a $28.00 price objective on shares of Civista Bancshares in a research report on Friday, January 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Civista Bancshares in a research report on Monday, December 29th. Piper Sandler raised their price objective on Civista Bancshares from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods raised their price objective on Civista Bancshares from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.60.

Read Our Latest Analysis on CIVB

Civista Bancshares Company Profile

(Get Free Report)

Civista Bancshares, Inc is a bank holding company headquartered in Saginaw, Michigan, operating through its wholly owned subsidiary, Civista Bank. The company offers a full suite of commercial and retail banking products and services to individuals, small- and mid-sized businesses, governmental entities and nonprofit organizations. Core offerings include deposit accounts, commercial and industrial loans, consumer and residential real estate mortgages, master-planned construction financing and treasury management solutions.