Civista Bancshares (NASDAQ:CIVB) Announces Quarterly Earnings Results

Civista Bancshares (NASDAQ:CIVB) issued its quarterly earnings results on Thursday. The bank reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.14, FiscalAI reports. The business had revenue of $46.34 million for the quarter, compared to analysts’ expectations of $45.43 million. Civista Bancshares had a net margin of 17.42% and a return on equity of 10.20%.

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

• Full-year net income rose 46% to $46.2 million (EPS $2.64) and Q4 net income was $12.3 million, with ROA improving to 1.14% (1.42% ex one‑time items).
• Closed the Farmers Savings Bank acquisition, adding $106 million of loans and $236 million of low‑cost deposits, with a system conversion scheduled for Feb 7–8 and minimal further transaction costs expected.
• Net interest margin expanded to 3.69% as funding costs fell 19 bps, net interest income rose ~16% YoY, and organic non‑brokered deposits grew nearly $30 million, reducing brokered funding.
• Results were hit by $3.4 million of pre‑tax, non‑recurring acquisition expenses (≈$0.14 EPS) and 2025 non‑interest income declined ~10% YoY driven by weaker leasing/residual income and a $1 million leasing conversion adjustment, making leasing revenue lumpy.
• Non‑performing loans increased $8.5 million to $31.3 million (0.95%), largely from one $8M participation placed on non‑accrual; allowance coverage improved to 135% of NPLs and management views the case as isolated.

Civista Bancshares Trading Up 5.8%

CIVB opened at $24.63 on Friday. Civista Bancshares has a one year low of $17.47 and a one year high of $25.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50 day simple moving average of $23.03 and a two-hundred day simple moving average of $21.60. The firm has a market capitalization of $475.68 million, a price-to-earnings ratio of 9.19 and a beta of 0.70.

Civista Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, February 10th. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.17. Civista Bancshares’s dividend payout ratio is currently 26.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Zacks Research cut shares of Civista Bancshares from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $26.00 price objective on shares of Civista Bancshares in a research note on Friday, November 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Civista Bancshares in a research note on Monday, December 29th. Hovde Group increased their target price on Civista Bancshares from $23.00 to $26.00 and gave the company a “market perform” rating in a report on Friday. Finally, Keefe, Bruyette & Woods lifted their price target on Civista Bancshares from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.40.

Hedge Funds Weigh In On Civista Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Civista Bancshares by 5.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,832 shares of the bank’s stock worth $179,000 after acquiring an additional 485 shares in the last quarter. Barclays PLC grew its holdings in Civista Bancshares by 0.9% in the third quarter. Barclays PLC now owns 54,603 shares of the bank’s stock worth $1,109,000 after purchasing an additional 498 shares during the period. Federated Hermes Inc. increased its stake in shares of Civista Bancshares by 306.6% during the second quarter. Federated Hermes Inc. now owns 1,346 shares of the bank’s stock valued at $31,000 after purchasing an additional 1,015 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Civista Bancshares by 6.9% during the second quarter. Rhumbline Advisers now owns 23,867 shares of the bank’s stock valued at $554,000 after purchasing an additional 1,532 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Civista Bancshares by 111.4% during the third quarter. BNP Paribas Financial Markets now owns 3,998 shares of the bank’s stock valued at $81,000 after purchasing an additional 2,107 shares during the last quarter. Institutional investors own 52.10% of the company’s stock.

Key Headlines Impacting Civista Bancshares

Here are the key news stories impacting Civista Bancshares this week:

• Positive Sentiment: Q4 results beat consensus — management cited stronger-than-expected income and revenue; reported EPS topped Street estimates and revenue exceeded forecasts, supporting upside to near-term earnings expectations. CIVB Q4 2025 Earnings Highlights
• Positive Sentiment: Management guidance and outlook are constructive — Civista signaled mid-single-digit loan growth and expanding net interest margin in 2026 as it integrates the Farmers Savings Bank acquisition, which supports revenue and NIM expansion expectations. Guidance & NIM Expansion Article
• Positive Sentiment: Acquisition closed — the Farmers Savings Bank deal closed, adding roughly $268.1M in assets, $106.2M in loans and $236.1M in deposits, materially boosting scale and deposit funding. This supports revenue and deposit diversity going forward. PR Newswire: Q4 Results & FSB Acquisition
• Positive Sentiment: Dividend increase — board raised the quarterly dividend to $0.18 (annualized yield ~3.0%), up ~5.9%, signaling confidence in cash flow and capital position. This makes the stock more attractive to income investors. Dividend Boost Article
• Neutral Sentiment: Analyst consensus remains cautious — brokerages give an average “Hold” rating, indicating limited near-term analyst-driven upside despite the beat. Investors should watch for rating changes after the call. Analyst Ratings Article
• Neutral Sentiment: Earnings detail & transcript available — full call transcript and earnings snapshots provide color on credit quality, cost integration and capital plans; useful for modeling 2026 earnings and merger synergies. Earnings Call Transcript
• Neutral Sentiment: Short-interest reporting appears anomalous — recent data shows 0 reported short shares (likely a reporting quirk), so short-interest is not a meaningful signal at present. Earnings Snapshot

About Civista Bancshares

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.

Beyond traditional banking, Civista Bancshares provides wealth management, trust and investment advisory services under the Civista Wealth Enterprises brand.