Stock Data
$0.45 (1.57%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
Civista Bancshares Inc, headquartered in Sandusky, Ohio, is a key player in community banking, offering a broad spectrum of services. Since its foundation in 1884, it has focused on collecting customer deposits and providing a diverse range of loans including commercial, agricultural, residential real estate, and consumer loans. Civista also engages in equity securities, trust services, and third-party insurance, serving areas across North Central, West Central, Southwestern Ohio, Southeastern Indiana, and Northern Kentucky. Originally known as First Citizens Banc Corp, it rebranded to Civista Bancshares in 2015, continuing its legacy of financial solutions.
Civista Bancshares beat earnings while net income surged 30% year-over-year, though incoming CEO transition arrives as revenue dipped. Net interest margin expanded 25 basis points to 3.89% and funding costs fell sharply, offsetting a revenue miss tied to the Farmers Savings Bank integration.
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