Civista Bancshares Q4 net income $12.1M ($0.77 EPS); net interest margin expands to 4.14%

CIVISTA BANCSHARES, INC.

2022-FY EPS reported $2.60 revenue$24,536,000

Net income $12.1M ($0.77 diluted EPS) for Q4 2022, up from $11.0M ($0.73 EPS) in Q4 2021.
Net interest margin improved 72 bps YoY to 4.14% on higher rates and loan growth.
Loan portfolio grew 27.5% YoY to $2.55B, including $167.5M from Comunibanc and $67.2M from VFG acquisitions.
Provision for loan losses increased to $752K in Q4 vs $0 in prior year; reserve ratio 1.12%.
Repurchased 742k shares for $16.8M during 2022; $6.1M remaining under authorization.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CIVISTA BANCSHARES, INC. reported the three months ended December 31, 2022 results: net income $12.1 million, EPS $0.77 per diluted share.

Period: the three months ended December 31, 2022
Net income: $12.1 million
EPS: $0.77 per diluted share
Result: preliminary results

Exact text from the filing

Net income of $12.1 million, or $0.77 per diluted share, for the fourth quarter of 2022, compared to $11.0 million, or $0.73 per diluted share, for the fourth quarter of 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CIVISTA BANCSHARES, INC. reported the twelve months ended December 31, 2022 results: net income $39.4 million, EPS $2.60 per diluted share.

Period: the twelve months ended December 31, 2022
Net income: $39.4 million
EPS: $2.60 per diluted share
Result: preliminary results

Exact text from the filing

Net income of $39.4 million, or $2.60 per diluted share, compared to $40.5 million, or $2.63 per diluted share, for the twelve months ended December 31, 2022 and 2021, respectively.

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35 earnings releases filed in the last 30 days. Browse all earnings releases →

CIVISTA BANCSHARES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-026287

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