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Civista Bancshares Inc (CIVB)
NASDAQ:CIVB
Earnings Data
Report Date
Jul 25, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.71Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 14.60%
|Next Earnings Date:Jul 25, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong start to 2025 with significant growth in net income, improved efficiency ratios, and successful deposit growth. However, challenges in noninterest income, loan growth, and economic uncertainties present potential headwinds. The positive aspects slightly outweigh the negative ones, indicating a cautiously optimistic outlook.Company Guidance
In the first quarter of 2025, Civista Bancshares, Inc. reported a net income of $10.2 million or $0.66 per diluted share, marking a $3.8 million increase from February and a $275,000 rise from the previous quarter. The bank achieved a 47% increase in pre-provision net revenue over the first quarter of 2024. Core deposit funding grew organically by over $67 million, with net interest income rising to $32.8 million. The loan and lease portfolio expanded at an annualized rate of 2.8%, and the net interest margin improved by 15 basis points to 3.51%. Civista's return on assets (ROA) was 1%, and the return on equity (ROE) stood at 10.39%. Total loans and leases grew by $22.8 million, while noninterest expenses decreased by $1.2 million from the linked quarter. The bank's efficiency ratio improved to 64.9% from 68.3% in the prior quarter. Civista's allowance for credit losses was 1.30% of total loans, and its loan-to-deposit ratio was 95.8% at quarter-end. The tangible common equity ratio increased to 6.59%, and the company announced a dividend of $0.17 per share, yielding 3.48% annually. Looking forward, Civista anticipates low to mid-single-digit loan growth for the rest of 2025, despite macroeconomic uncertainties.Strong Net Income Growth
Net income for the first quarter was $10.2 million, or $0.66 per diluted share, representing a $3.8 million or 60% increase over February and a $275,000 increase over the linked quarter.
Deposit Growth and Funding Cost Reduction
Core deposit funding grew organically by over $67 million during the quarter, reducing reliance on brokered funding. The overall funding cost decreased by 11 basis points to 2.31%.
Increased Net Interest Income and Margin Expansion
Net interest income for the quarter was $32.8 million, an increase of $1.4 million or 4.5% compared to the linked quarter. The margin grew by 15 basis points during the quarter to 3.51%.
Efficiency Ratio Improvement
The efficiency ratio improved to 64.9% for the quarter compared to 68.3% for the linked quarter and 73.8% for the prior year's first quarter.
Capital Position and Dividend Increase
The tier one leverage ratio was 8.66%, and a quarterly dividend of $0.17 per share was announced, representing an annualized yield of 3.48%.
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CIVB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CIVB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 24, 2025 | $20.62 | $20.69 | +0.34% |
Jan 30, 2025 | $21.17 | $21.05 | -0.57% |
Oct 29, 2024 | $18.07 | $18.30 | +1.27% |
Jul 29, 2024 | $18.34 | $16.87 | -8.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Civista Bancshares Inc (CIVB) report earnings?
Civista Bancshares Inc (CIVB) is schdueled to report earning on Jul 25, 2025, TBA Not Confirmed.
What is Civista Bancshares Inc (CIVB) earnings time?
Civista Bancshares Inc (CIVB) earnings time is at Jul 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CIVB EPS forecast?
CIVB EPS forecast for the fiscal quarter 2025 (Q2) is 0.71.
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