secwatch.observer — SEC 8-K summary
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Issuer:     CIVISTA BANCSHARES, INC. (CIVB)
CIK:        0000944745
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001193125-24-027632
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944745/000119312524027632/0001193125-24-027632-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944745/000119312524027632/d771923d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-027632

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