earnings
confidence high
sentiment positive
materiality 0.65
Civista Q2 net income $10M ($0.64 EPS), up 30% YoY; NIM 3.86%
CIVISTA BANCSHARES, INC.
2023-Q2 EPS reported
$1.45
revenue$14,448,000
- Net income $10.0M ($0.64 diluted EPS) vs $7.7M ($0.53) in Q2 2022.
- Net interest income rose 29.1% to $31.3M; net interest margin 3.86% up 43 bps.
- Loans grew $89.6M (+3.5%) since Dec 2022; deposits up $322.8M (+12.3%).
- Noninterest income $9.1M (+62.4%) largely from lease revenue after VFG acquisition.
- Dividend $0.15 per share; no share repurchases in 2023; $13.5M authorization remains.