Civista Bancshares Inc
NASDAQ:CIVB
Civista Bancshares Inc
Civista Bancshares, Inc. is a financial holding company, which engages in the community banking business. The company is headquartered in Sandusky, Ohio and currently employs 441 full-time employees. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank is located in the Ohio counties of Erie, Crawford, Champaign, Cuyahoga, Franklin, Huron, Logan, Madison, Montgomery, Ottawa, Richland and Summit, in the Indiana counties of Dearborn and Ripley and in the Kentucky county of Kenton. The company conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services. Its loan portfolio consists of commercial and agriculture, commercial real estate-owner occupied, commercial real estate non-owner occupied, residential real estate, real estate construction, farm real estate, consumer and others. Its deposits include non-interest and interest-bearing demand deposits; savings accounts, including money market deposit accounts, and certificates of deposit, including individual retirement accounts.
Civista Bancshares, Inc. is a financial holding company, which engages in the community banking business. The company is headquartered in Sandusky, Ohio and currently employs 441 full-time employees. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank is located in the Ohio counties of Erie, Crawford, Champaign, Cuyahoga, Franklin, Huron, Logan, Madison, Montgomery, Ottawa, Richland and Summit, in the Indiana counties of Dearborn and Ripley and in the Kentucky county of Kenton. The company conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services. Its loan portfolio consists of commercial and agriculture, commercial real estate-owner occupied, commercial real estate non-owner occupied, residential real estate, real estate construction, farm real estate, consumer and others. Its deposits include non-interest and interest-bearing demand deposits; savings accounts, including money market deposit accounts, and certificates of deposit, including individual retirement accounts.
Earnings Growth: Net income for Q4 2025 was $12.3 million, up 24% year-over-year, and full-year net income rose 46% to $46.2 million.
Acquisition Impact: One-time expenses from the Farmers Savings Bank acquisition reduced Q4 net income by $2.9 million; most related costs are now behind.
Loan & Deposit Growth: Organic loan portfolio (excluding Farmers) grew at an 8.7% annualized rate; nonbroker deposit funding increased by nearly $30 million.
Margin Expansion: Net interest margin increased 11bps to 3.69% due to declining funding costs and steady asset yields.
Dividend Raised: Quarterly dividend increased to $0.18 per share, with a 3.2% yield.
Expense Control: Noninterest expense declined $2.4 million for the year after adjustments, driven by lower compensation and equipment costs.
Stable Credit: Credit quality remains solid; allowance for credit losses steady at 1.28% of loans, and nonperforming loans mostly impacted by a single credit.
2026 Outlook: Management expects mid-single-digit loan growth and further investments in digital banking and technology.
