Civista Q4 net income $9.7M ($0.62 EPS) vs $12.1M ($0.77) YoY; full year net income up to $43.0M

CIVISTA BANCSHARES, INC.

2023-FY EPS reported $2.73 revenue$30,448,000

Net income $9.7M ($0.62 diluted EPS) in Q4 2023, down from $12.1M ($0.77) in Q4 2022; full year $43.0M ($2.73) vs $39.4M ($2.60).
Net interest margin fell 57bps to 3.44% from 4.01%; net interest income decreased $2.5M (7.7%).
Loans grew $45.8M in Q4 and $213.4M (8.1%) YoY; deposits increased $365M (13.9%) YoY with shift to time deposits.
Nonperforming assets rose 38.7% to $15.1M; allowance for credit losses to loans ratio 1.30% vs 1.08%.
Repurchased 84,230 shares for $1.5M at $17.77 avg; $12M remaining under $13.5M 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 preliminary financial results for three and twelve-month periods ended December 31, 2023.

Period: three and twelve-month periods ended December 31, 2023
Result: preliminary results

Exact text from the filing

On February 8, 2024, Civista Bancshares, Inc. announced preliminary unaudited earnings for the three and twelve-month periods ended December 31, 2023.

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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 0001193125-24-027632

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