secwatch.observer — SEC 8-K summary
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Issuer:     CIVISTA BANCSHARES, INC. (CIVB)
CIK:        0000944745
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001193125-23-026287
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944745/000119312523026287/0001193125-23-026287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944745/000119312523026287/d358845d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-026287

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer