Civista Bancshares Reports Strong Q1 2025 Earnings

Civista Bancshares ( (CIVB) ) has released its Q1 earnings. Here is a breakdown of the information Civista Bancshares presented to its investors.

Civista Bancshares, Inc., a financial holding company headquartered in Sandusky, Ohio, operates primarily through its subsidiary, Civista Bank, offering full-service banking, commercial lending, mortgage, and wealth management services across Ohio, Southeastern Indiana, and Northern Kentucky. The company also provides commercial equipment leasing services nationwide through its Civista Leasing and Finance Division.

In its first-quarter 2025 financial results, Civista Bancshares reported a net income of $10.2 million, translating to $0.66 per common share, marking a significant increase from the $0.41 per share reported in the same quarter of 2024. The company highlighted a robust net interest margin of 3.51%, up from 3.22% in the previous year, and a notable reduction in noninterest expenses by 4.1% compared to the previous quarter.

Key financial metrics for the quarter included a 15.5% increase in net interest income to $32.8 million and a reduction in the cost of funds by 11 basis points. Civista also achieved a total deposit growth of $27.0 million and a loan growth of $22.8 million from the fourth quarter of 2024. The efficiency ratio improved to 64.9%, reflecting the company’s efforts to streamline operations and enhance profitability.

Civista’s management expressed satisfaction with the company’s performance, emphasizing the success of deposit initiatives and the strategic focus on loan and deposit pricing. The company remains committed to supporting housing and construction financing demands while maintaining strong credit quality.

Looking ahead, Civista Bancshares aims to continue its disciplined approach to growth and customer relationship enhancement, with a focus on delivering shareholder value through strategic initiatives and financial strength.